Page 279 - FY 24 Budget Forecast at Adoption.xlsx

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 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)

Franchise Fees-Verizon $ 42,893 $ 42,350 $ 36,503 $ 36,503 $ (5,847)

Franchise Fees-Tv Cable 41,081 21,452 39,785 39,785 18,333
Franchise Fees-Sbc/At&T – 4,495 4,208 4,208 (287)

Franchise Fee-One Source Comm 2,500 1,951 1,043 622 (1,329)
Franchise Fees-Other Misc – – – – –

Interest Revenue-Investments 2,681 2,877 13,271 7,558 4,681
TOTAL $ 89,155 $ 73,125 $ 94,810 $ 88,676 $ 15,551

EXPENDITURE SUMMARY

FY 2023-24
FY 2021-22 FY 2022-23 FY 2022-23 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)

Personnel services $ – $ – $ – $ – $ –
Operations & maintenance 46,483 48,500 30,000 40,000 (8,500)

Services & other 58,527 99,000 65,000 95,000 (4,000)

Capital outlay 19,873 – – – –
TOTAL $ 124,883 $ 147,500 $ 95,000 $ 135,000 $ (12,500)

277