Page 84 - City of Bedford FY22 Budget

This spe cial re v e nu e fu nd is u se d t o accou nt for t he 1 % fe e t hat is colle ct e d
along wit h t he cable franchise fe e . E x pe ndit u re s from t his fu nd are limit e d
t hrou gh fe de ral law t o capit al cost s for pu blic, e du cat ional, gov e rnme nt al
(PE G) programming facilit ie s.

In De ce mbe r 20 1 2, Time Warne r C able t e rminat e d it s local franchise wit h
t he C it y of Be dford and opt e d int o st at e wide franchising in accordance
wit h t he adopt ion of SB 1 0 87 in t he 20 1 1 le gislat u re . SB 1 0 87 allowe d e ach
Public Educ local incu mbe nt cable franchise e t o t e rminat e all of it s local franchise s in
Govt Fund cit ie s of le ss t han 21 5,0 0 0 , if done so by De ce mbe r 31 , 20 1 1 . This is also in
compliance wit h t he SB 5 from t he 20 0 5 le gislat u re which t ransfe rre d
cable franchising au t horit y t o t he Pu blic U t ilit y C ommission. Also, in
accordance wit h SB 1 0 87, a mu nicipalit y mu st se t u p a se parat e PE G fu nd
at t he t ime of franchise t e rminat ion t o colle ct and accou nt for t he pu blic,
e du cat ional, and gov e rnme nt al (PE G) fe e which goe s int o e ffe ct at t he
t ime of t e rminat ion. The PE G fe e is an addit ional 1 % of gross re v e nu e and
can only be spe nt on capit al it e ms for t he local acce ss channe l as
de scribe d by fe de ral law. The PE G fe e is also re qu ire d of AT& T, as we ll as any
fu t u re cable prov ide r t hat may choose t o prov ide se rv ice in Be dford.
Summary

The To wn o f B edf o r d i s pr o j ect i ng $ 102.5K o f r ev enue i n F Y2022, whi ch r epr es ent s a 50.5% decr eas e o v er t he pr i o r y ear .
B udg et ed expendi t ur es ar e pr o j ect ed t o i ncr eas e by 49 9 .5% o r $ 19 1.8K t o $ 230.2K i n F Y2022.

$5 00K

$400K

$3 00K

Actual R evenue S o urce
Budgeted R evenue S o urce
$2 00K
Over Budget R evenue S o urce
Actual Ex penditures
$100K
Budgeted Ex penditures
Over Budget Ex penditures
$0
F Y 2 016 F Y 2 017 F Y 2 018 F Y 2 019 F Y 2 02 0 F Y 2 02 1 F Y 2 02 2

City of Bedford, TX | Budget Book 2022 Page 84