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TO: HONORABLE MAYOR AND CITY COUNCIL FROM: CABLE TELEVISION AD HOC COMMITTEE DATE: MARCH 18, 2003 SUBJECT: EDUCATIONAL ACCESS CHANNEL RECOMMENDATION Adopt Resolution No. 2003- Amending Resolution No. 2002-45, the budget appropriation for fiscal year 2002-2003, for budget adjustments to the city's general fund, equipment replacement fund, and building replacement fund. BACKGROUND At the City Council meeting of February 18, 2003 the City Council decided to place on hold any expenditures related to creation of a City owned and operated Cable TV studio until the budget process was completed. The Council, however, did reaffirm that the establishment of the educational access channel should proceed with or without the studio. The City Council reconsidered the funding of a Cable Television studio at their March 4, 2003 meeting and approved the following expenditures:
3. Authorize the inclusion of $10,000 in studio operating funds in the FY 2003-04 City budget. DISCUSSION The attached resolution will appropriate the required funds to move forward with the Cable Studio renovations and purchase of equipment. FISCAL IMPACT The Cable Franchise Agreement requires Cox Communications to provide the City with a dedicated educational access channel at no cost to the City. However, although Cox is required to provide space in its channel line-up, the Franchise Agreement does not obligate the cable operator to provide any of the equipment, staffing or other financial support that may be required to develop, produce and edit the programming that will be shown on the channel. The FY2002-2003 estimated General fund revenues in excess of adopted expenditures are only $827. Therefore, the additional appropriation for this project cannot be funded within this year’s anticipated revenues and will have to be drawn from the General fund reserve. The calculation of the projected General fund reserve available for appropriation, which is below the reserve policy level, is summarized below.
TO:HONORABLE MAYOR AND CITY COUNCIL FROM:CABLE TELEVISION AD HOC COMMITTEE DATE:MARCH 18, 2003 SUBJECT:EDUCATIONAL ACCESS CHANNEL RECOMMENDATION Adopt Resolution No. 2003-Amending Resolution No. 2002-45, the budget appropriation for fiscal year 2002-2003, for budget adjustments to the city's general fund, equipment replacement fund, and building replacement fund. BACKGROUND At the City Council meeting of February 18, 2003 the City Council decided to place on hold any expenditures related to creation of a City owned and operated Cable TV studio until the budget process was completed. The Council, however, did reaffirm that the establishment of the educational access channel should proceed with or without the studio. The City Council reconsidered the funding of a Cable Television studio at their March 4, 2003 meeting and approved the following expenditures:
3. Authorize the inclusion of $10,000 in studio operating funds in the FY 2003-04 City budget.
DISCUSSION The attached resolution will appropriate the required funds to move forward with the Cable Studio renovations and purchase of equipment.
FISCAL IMPACT The Cable Franchise Agreement requires Cox Communications to provide the City with a dedicated educational access channel at no cost to the City. However, although Cox is required to provide space in its channel line-up, the Franchise Agreement does not obligate the cable operator to provide any of the equipment, staffing or other financial support that may be required to develop, produce and edit the programming that will be shown on the channel. The FY2002-2003 estimated General fund revenues in excess of adopted expenditures are only $827. Therefore, the additional appropriation for this project cannot be funded within this year’s anticipated revenues and will have to be drawn from the General fund reserve. The calculation of the projected General fund reserve available for appropriation, which is below the reserve policy level, is summarized below.
The cost of re-furbishing the Cable TV studio ($25,000) will be borne by the Building Replacement Fund that currently has a balance of about $1.45 million. The City share of equipment costs ($10,000) will be taken from the General Fund Reserve. Respectfully: Les Evans City Manager Attachment: Resolution No. 2003 – RESOLUTION NO. 2003- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES, AMENDING RESOLUTION 2002-45, THE BUDGET APPROPRIATION FOR FISCAL YEAR 2002-2003, FOR BUDGET ADJUSTMENTS TO THE CITY'S GENERAL FUND, EQUIPMENT REPLACEMENT FUND, AND BUILDING REPLACEMENT FUND WHEREAS, Section 3.32 of the Rancho Palos Verdes Municipal Code provides that all expenditures in excess of budgeted allocations must be by supplemental appropriation of the City Council; and WHEREAS, on June 12, 2002, the City Council of the City of Rancho Palos Verdes adopted Resolution 2002-45, approving a spending plan and authorizing a budget appropriation for the 2002-2003 fiscal year; and WHEREAS, the City Council desires to develop, equip, and produce an Education Access Channel; and WHEREAS, Education Access Channel expenditures are expected to exceed fiscal year 2002-2003 fiscal year appropriations, as described below; and WHEREAS, the City Council desires that fiscal year 2002-2003 budget appropriations for certain expenditures and transfers be increased. BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES: The following adjustments be made to the fiscal year 2002-2003 budget: Increase the General fund budget as follows: Educ Access Chan #001-106-76 Internal Svc Chgs for New Equip $ 10,000 Increase the Equipment Replacement fund budget as follows: Computer Equip #781-382-86 Electronic/Computer Equip $ 10,000 Equip Replacement #781-359-10 Charges for New Equip $ (10,000) Increase the Building Replacement fund budget as follows: Studio Bldg Refurb #786-386-82 Improv other than Bldgs $ 25,000 PASSED, APPROVED, AND ADOPTED THE 18TH DAY OF MARCH 2003. ___________________________ MAYOR ATTEST: ______________________ CITY CLERK State of California ) County of Los Angeles )ss City of Rancho Palos Verdes ) I, JO PURCELL, City Clerk of The City of Rancho Palos Verdes, hereby certify that the above Resolution No. 2003- was duly and regularly passed and adopted by the said City Council at regular meeting thereof held on March 18, 2003. _____________________________ CITY CLERK CITY OF RANCHO PALOS VERDES | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
