HomeMy Public PortalAbout1986-069RESOLUTION NO. 7 - 6 f
City of MEDINA
County of HENNEPIN
STATE OF MINNESOTA
RESOLUTION APPROVING THE 1987 BUDGET FOR THE LAKE MINNETONKA CABLE
COMMUNICATIONS COMMISSION
WHEREAS, the Lake Minnetonka Cable Communications Commission (Hereinafter
"Commission") has granted a cable communications franchise ordinance to Dow -Sat
of Minnesota, a Minnesota corporation:
WHEREAS, the Commission was issued a Regular Certificate of Confirmation
by the Minnesota Cable Commission Board relative to the Cable Communications
Franchise:
WHEREAS, the City of
member of the Commission:
MEDINA
("City") is an existing
WHEREAS, said joint and cooperative effort is authorized by Minnesota
Statutes Section 238.08, Subd. 5;
WHEREAS, the existing joint powers agreement provides that the member cities
of Commission shall review and approve the Commission budget;
WHEREAS, the City has reviewed the 1987 budget of the Commission and believes
it to be proper;
NOW, THEREFORE, be it resolved, that the City Council of the City of
approves the 1987 budget of the Lake Minnetonka
MEDINA
Cable Communications Commission.
The above listed resolution was moved by Council Member-��t-rn s
and duly seconded by Council Member Af f„1 o //
The following Council Members voted in the affirmative:
d c r 5 o ra � /e e / 6 MI 72''11
The following Council Members vosted in the negative:
The above resolution was duly adopted
ATTEST:
j4.1,/Z 42-4/-
`77, % s)
1986.
LAKE MINNETONKA
CABLE COMMUNICATIONS COMMISSION
BUDGET 1987
Approved August 19, 1986
1986 1987
INCOME BUDGET FORECAST BUDGET
Dow -Sat $46,000 $44,941 $50,000
Miscellaneous 700 1,000 700
TOTAL $45,70C
e" :1 r 1 n 1�,y l $50,700
EXPENSE
Cable Acministrator 11,000 19,000 23,000
Legal Fees 6,500 2,500 4,000
Conferences/Schools 8,000 3,000 4,000
Financial Audit Fees 1,000 1,000 1,000
Technical Audit Fees 2,000 2,000 2,000
Insurance/Bonds 2,500 3,500 3,500
Office Equipment/Supplies 1,000 750 750
Secretarial Service 1,000 750 1,000
Assn. Dues/Bank Charges 1,100 750 750
Telephone/Repro/Postage 900 1,500 1,200
Miscellaneous 500 1,500 500
Access/L.O. - - 5,000
Revolving Equipment Fund - - 4,000
NET
TOTAL
$35,500
$11,200
$36,250
$ 9,6911
$50,700
CUMULATIVE $ 1,856
'Offset by 1985 legal fee payable of $7835, leaving projected surplus
to be carried over for 1987 of $1856.
2Financial and Technical Audits not incurred costs in 1986, but are
carried over in anticipation of those functions being performed in 1987.
31987 Income estimated at 5% of $1,000,000 Dow -Sat billings, reflected
as $50,000 1987 income.