Page 299 - Microsoft Word - FY 2021 tax info sheet

PUBLIC EDUCATION AND GOVERNMENT CABLE FRANCHISE
FEE FUND

FUND DESCRIPTION:
The PEG Cable Franchise Fee Fund accounts for cable franchise PEG fees charged in accordance with Section 622(g)(2)© of
the Cable Act (47 U.S.C. §542(g)(2)(c). PEG fees are remitted to the City by cable television providers. Fees may be used for
capital costs for PEG facilities, including purchases of equipment used in the broadcasting and/or dissemination of public
information. The purpose of this program is to account for funds received for Public, Educational and Governmental Access
Channel (PEG) Fee that is paid to municipalities by state-issued cable and video franchisees pursuant to Chapter 66, Section
66.006 (b). Chapter 66, Sec. 66.006 (b), Texas Utilities Code requires the PEG Fee to be used by a city "as allowed by federal
law."¹ Generally this means the PEG Fee may be spent on capital cost items for PEG access channel facilities, otherwise they
may be applied as a credit and counted as part of the 5% gross revenue franchise fee.

REVENUE SUMMARY

FY 2021-22
FY 2019-20 FY 2020-21 FY 2020-21 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)
Franchise Fees-Verizon $ 61,260 $ 62,705 $ 41,757 $ 48,946 $ (13,759)
Franchise Fees-Tv Cable 38,019 38,821 34,683 32,416 (6,405)
Franchise Fees-Sbc/At&T 9,481 6,343 15,789 19,925 13,582
Franchise Fee-One Source Comm 3,457 4,120 2,231 3,339 (781)
Interest Revenue-Investments 10,238 5,600 2,567 3,834 (1,766)
TOTAL $ 122,455 $ 117,589 $ 97,027 $ 108,460 $ (9,129)

EXPENDITURE SUMMARY

FY 2021-22
FY 2019-20 FY 2020-21 FY 2020-21 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)

Personnel services $ – $ – $ – $ – $ –
Operations & maintenance 17,130 35,100 35,100 48,500 13,400
Services & other 49,374 52,500 55,388 89,000 36,500
Capital outlay – 66,000 – 66,000 –

TOTAL $ 66,504 $ 153,600 $ 90,488 $ 203,500 $ 49,900

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