Page 99 - Bedford-FY24-25 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
Public Bedford and opted into statewide franchising in accordance with the adoption of SB
Educational 1087 in the 2011 legislature. SB 1087 allowed each local incumbent cable franchisee to
terminate all of its local franchises in cities of less than 215,000, if done so by
Governmental December 31, 2011. This is also in compliance with the SB 5 from the 2005 legislature
(PEG) Fund which transferred 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 $93.65K of revenue in FY2025, which represents a 6.4% increase over the prior year.
Budgeted expenditures are projected to decrease by 74.8% or $239.88K to $80.74K in FY2025.

$600K

$500K

$ 400K

$300K
Ac tual Revenue Source
$200K Budgeted Revenue Source
Ac tual Expenditures
Budgeted Expenditures
$100K

$0
FY2018 FY2019 FY2020 FY2021 FY2022 FY2023 FY2024 FY2025

Public Educational Governmental (PEG) Fund Comprehensive Summary

Name FY2022 FY2023 FY2024 Amended FY2024 FY2025
Ac tual Ac tual Budget Projec ted Budgeted
Beginning Fund Balance: $970,982 $575,152 $547,595 $547,595 $572 ,592
Revenues
Franchise Fees $90,831 $60,495 $75,000 $70,503 $70,000
Miscellaneous Income $3,196 $21,218 $13,000 $29,558 $23,646

Total Revenues: $94 ,026 $81,7 13 $88 ,000 $100,061 $93,646

Expenditures

City of Bedford, TX | Adopted Budget FY 2024-2025 Page 99