Page 94 - Bedford-FY22-23 Budget

This special revenue fund is used to account for the 1% fee that is collected
along with the cable franchise fee. Expenditures from this fund are limited
through federal law to capital costs for public, educational, governmental
(PEG) programming facilities.

In December 2012, Time Warner Cable terminated its local franchise with
the City of Bedford and opted into statewide franchising in accordance
with the adoption of SB 1087 in the 2011 legislature. SB 1087 allowed each
local incumbent cable franchisee to terminate all of its local franchises in
Public Educ
cities of less than 215,000, if done so by December 31, 2011. This is also in
compliance with the SB 5 from the 2005 legislature which transferred
Govt Fund
cable franchising authority to the Public Utility Commission. Also, 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 public,
educational, and governmental (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.

Summary
City of Bedford, TX is projecting $77.5K of revenue in FY2023, which represents a 24.4% decrease over the prior year.
Budgeted expenditures are projected to increase by 15.2% or $35K to $265.2K in FY2023.

$500K

$ 400K

$300K

Ac tual Revenue Source
Budgeted Revenue Source
$200K
Over Budget Revenue Source
Ac tual Expenditures
$100K
Budgeted Expenditures
Over Budget Expenditures
$0
FY2016 FY2017 FY2018 FY2019 FY2020 FY2021 FY2022 FY2023

City of Bedford, TX | Adopted Budget FY 2023 Page 94