Page 31 - Proposed Operating Budget FY24
P. 31
CITY OF HURST
FY 2023 ‐ 2024 ADOPTED BUDGET
PUBLIC, EDUCATIONAL & GOVERNMENT ACCESS CHANNEL
(PEG) FEE FUND
REVENUES AND EXPENDITURES
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.
ESTIMATED FUND BALANCE OCTOBER 1, 2023 168,016
REVENUES
Service Provider PEG Fees $40,000
TOTAL REVENUES $40,000
TOTAL FUNDS AVAILABLE $208,016
EXPENDITURES
Professional Services $15,024
Other Machinery & Equipment 15,000
TOTAL EXPENDITURES & DESIGNATED RESERVES $30,024
ESTIMATED FUND BALANCE AT SEPTEMBER 30, 2024 $177,992
