Page 134 - Hurst Adopted FY22 Budget
P. 134
APPROVED FISCAL YEAR 2022 BUDGET
cable and video provider peg fee fund
The Public, Educational and Governmental Access Channel (PEG) Fee is paid to municipalities by state-
issued cable and video franchisees pursuant to Chapter 66, Section 66.006 (b). Chapter 66, Section 66.006
(c) restricts the use of the PEG Fees to expenditures “as allowed by federal law.” Essentially, the 1% PEG
fee must be spent on capital cost items for public educational and governmental access channel facilities.
EST. FUND BALANCE OCTOBER 1, 2021 $145,775
REVENUES
Service Provider PEG Fees $56,500
TOTAL REVENUES $56,500
TOTAL FUNDS AVAILABLE $202,275
EXPENDITURES
Professional Services $15,024
Other Machinery & Equipment 10,000
Capital Outlay 5,000
TOTAL EXPENDITURES & DESIGNATED RESERVES $30,024
EST. FUND BALANCE AT SEPTEMBER 30, 2022 $172,251
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