BY PRESIDENT REINERT:
BE IT RESOLVED, that the proper city officials are hereby authorized to transfer from General Fund 100, Agency 700, Organization 1414, Object 5700-20, the sum of $9,000 to the Special Projects Fund 210, Agency 030, Organization 3145, Source 4730-10, to provide for public access equipment and replacement.
STATEMENT OF PURPOSE: Under the terms of the previous cable franchise, Charter contributed certain monies each year to the public access maintenance and replacement fund. The last year that Charter was required to contribute under the previous franchise was the year 2003 in which Charter contributed $9,250. Charter did not contribute to the fund in years 2004 and 2005, but will again begin providing money for public access equipment and replacement in late 2006.
Over the term of the previous franchise, the city contributed monies into the fund in the same amount as Charter. Although the city continued to budget money for the fund, when Charter stopped contributing to the fund, the city stopped contributing as well, and for the years 2004 and 2005, the money budgeted for this expenditure went into the general fund. Therefore, the lack of a new franchise had a detrimental impact on the public access equipment and replacement fund in terms of both Charter’s contribution as well as that of the city.
The city budgeted $9,000 in 2006 for the public access fund. The purpose of this resolution is to transfer this budgeted amount into the special projects fund to be used toward meeting unfunded needs and replacements.