Page 200 - CITY OF AZLE, TEXAS

CITY OF AZLE
CABLE PEG FEE CAPITAL PROJECTS FUND
FY 2024-25

The Cable PEG Fee Capital Projects Fund was established in 2012 to properly account for the receipt of
Cable PEG Fees. Chapter 66 of the Texas Utilities Code provides for funds, over-and-above franchise fees,
to support public, educational, and governmental (PEG) access facilities to assist cities with providing PEG
channel capacity. The funds are collected from an additional one percent of a provider's gross revenues.
Permissible capital expenditures include all facilities and equipment that have a useful life of longer than
one year and that are used for PEG access facilities to provide or enhance the provisioning of PEG channel
capacity, programming, and transmissions for a governmental use.

The fund is accounted for on a modified accrual basis of accounting. Revenues are recorded when available
and measurable. Expenditures are recorded when the liability is incurred.

Cable PEG Fee Capital Projects Fund Summary

Actual Actual Actual Budget Estimated Proposed CM Rec'd Approved
2020-21 2021-22 2022-23 2023-24 2023-24 2024-25 2024-25 2024-25

Beginning Balance 222,643 243,503 264,625 283,929 283,929 304,229 304,229 304,229

Plus: Fund Revenue
PEG Fees 20,547 20,832 18,970 20,000 20,000 20,000 20,000 20,000
Interest 312 290 334 300 300 200 200 200
Total Resources Available 243,503 264,625 283,929 304,229 304,229 324,429 324,429 324,429
Less: Fund Expenditures
Camera & Streaming System - - - - - - - -
Total Fund Expenditures - - - - - - - -

Fund Balance 243,503 264,625 283,929 304,229 304,229 324,429 324,429 324,429

City of Azle FY 2024-2025 Budget 189