Page 277 - CityofKellerFY25Budget

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 2024-25
FY 2022-23 FY 2023-24 FY 2023-24 Adopted Budget
REVENUES Actual Budget YE Proj. Budget Variance ($)
Franchise Fees-Verizon $ 35,638 $ 36,503 $ 31,548 $ 31,548 $ (4,955)
Franchise Fees-Tv Cable 38,259 39,785 32,744 32,744 (7,041)

Franchise Fees-Sbc/At&T 9,567 4,208 3,291 3,291 (917)

Franchise Fee-One Source Comm 2,064 622 1,237 900 278

Franchise Fees-Other Misc – – – – –

Interest Revenue-Investments 18,205 7,558 22,574 22,574 15,016

TOTAL $ 103,733 $ 88,676 $ 91,394 $ 91,057 $ 2,381

EXPENDITURE SUMMARY

FY 2024-25
FY 2022-23 FY 2023-24 FY 2023-24 Adopted Budget
EXPENDITURES BY CATEGORY: Actual Budget YE Proj. Budget Variance ($)
Personnel services $ – $ – $ – $ – $ –
Operations & maintenance 23,233 40,000 30,000 50,000 10,000
Services & other 55,372 95,000 70,000 105,000 10,000
Capital outlay – – – – –

TOTAL $ 78,605 $ 135,000 $ 100,000 $ 155,000 $ 20,000

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