ADMINISTRATION - Joe Huss, Finance Director
Title
ADOPT 2018 COMMUNICATIONS BUDGET
Background
Staff presented a proposed 2018 Communications Fund (formerly the Cable Television Fund) Budget for discussion at the September 21, 2017 Council Workshop. Council reviewed the proposed budget and indicated their conceptual approval to the budget presented. A summary of the budget is as follows:
• Total fund revenue is expected to increase by $30,000 with nearly all of that increase coming from net Cable TV franchise tax revenue.
• Net CATV franchise revenue is expected to increase to $218,700
• Investment earnings are expected to remain flat for 2018
• Budgeted operating expenditures are $187,440, and include a $67,000 appropriation for the production and distribution of eight issues of the City’s newsletter. Prior to 2017 the newsletter was funded out of the General Fund
• Capital expenditures of $60,000 are planned for 2018 for improvements to the Sanctuary meeting room and the third floor of City Hall
Recommendation
By motion, adopt the attached resolution
Body
WHEREAS, the proposed Communications Fund Budget for the fiscal year commencing January 1, 2018 has been prepared by the City Manager; and
WHEREAS, the City Council has examined, studied and reviewed said proposed Communications Fund Budget; and
WHEREAS, the City Council has, after due consideration and deliberation, made such amendments and adjustments in the proposed Communications Fund Budget as they consider necessary, desirable or expedient;
NOW, THEREFORE, BE IT RESOLVED, that the Blaine City Council of the City of Blaine as follows:
1. That the proposed Budget for the Communications Fund attached hereto is approved.
2. That the 2018 appropriations attached hereto are approved.
3. That the 2018 funding sources identified and attached hereto are approved.
That the City Manager is authorized and directed to implement and to administer, within the budgetary funding limits and within adopted City policy and relevant State and City laws and regulations, said approved Communications Fund Budget.