Page 20 - City of Bedford FY20 Approved Budget

PEG (Public, Educational and Governmental) Fund – In 2011, the legislature passed
SB 1087 allowing each local incumbent cable franchisee to terminate all its local franchises
in cities of less than 215,000, if completed by December 31, 2011. This action is also in
compliance with the SB 5 from the 2005 legislature, which transferred cable franchising
authority to the Public Utility Commission. Time Warner Cable exercised their option to
terminate its local franchise with the City of Bedford and opted into statewide
franchising. In accordance with SB 1087, a municipality must set up a separate PEG fund
at the time of franchise termination to collect and account for the PEG fee, which goes into
effect at the time of termination. The PEG fee is an additional 1% of gross revenue and
can only be spent on capital items for the local access channel as described by federal
law. The PEG fee is also required of AT&T, as well as any future cable provider that may
choose to provide service in Bedford.

 Maintenance Funds

Various funds were established for specific maintenance purposes. Monies are deposited
each fiscal year in order to accumulate funding for capital equipment and large,
infrequently occurring maintenance projects. Expenses in these accounts are identified in
the program summary for the fund and constitute approved supplemental requests. These
funds include:
o Aquatics Maintenance Fund – This fund is used to account for deposits and
expenditures related to the maintenance of both Splash Aquatics Park and Roy
Savage Pool at Central Park.
o Facility Maintenance Fund – This fund is used to account for deposits and
expenditures related to the maintenance and minor equipment of all City facilities.
o Equipment Replacement Fund – This fund is used to account for deposits and
expenditures related to the replacement of capital equipment, including trucks, cars,
ambulances, construction equipment, etc. This fund also receives a transfer from
the General Fund to cover the expense of the leases for the Enterprise Vehicle
Replacement program.
o Water & Sewer Vehicle Replacement Fund – This fund is used to account for
deposits and expenditures related to the replacement of capital equipment,
including trucks, construction equipment, etc. for the Water & Sewer Fund.
o Computer Replacement Fund – This fund is used to account for deposits and
expenditures related to the replacement of computers, printers, software,
communications equipment, and any other items necessary to efficiently operate
the City’s communications and technology network.
o Library Maintenance Fund – This fund is used to account for deposits and
expenditures related to the long-term maintenance of the Bedford Public Library.
o Park Maintenance Fund – This fund is used to account for deposits and
expenditures related to the long-term maintenance of the City park system.

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