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Lake Minnetonka Communicationa Commission <br />Year 2005 Budget <br />The Lake Minnetonka Conununications Conunission budget format includes <br />three separate funds: Franchise Adnunistration, Studio/Arr,..ss Production, <br />and Capital Improvements Fund. <br />The Lake Minnetonka Communications Commission is not funded by tax <br />dollars and its operating budg^ is derived from cable franchise fees and PEG <br />fees to cable sub^ribers. <br />The Lake Miimetonka Conununications Conunission maintains a fund balance <br />as a reserve to maintain operation if unforeseeable funding losses should <br />occur. These could include lowered franchise revenue, legislation resulting in <br />reduced funding, or other revenue losses. The LMCC has some financial <br />obligations, such as a building rental contract, that would have to be paid even <br />if the legislature eliminated franchise funding. <br />The LMCC studio and offices are still located at 4071 Sunset Drive in Spring <br />Park. <br />The following is a summary of the categories of the budget: <br />Franchise Administration Fund <br />This fund is supported entirely by franchise fees and interest on investments. <br />Activities accounted for in this fund are related to the oversight responsibility <br />of the Commission representing the member cities' interest in the cable <br />operators compliance with the franchise agreement. The LMCC also <br />represents its member cities by monitoring and participating in the legislative <br />activities at the state and federal levels. <br />Studio/Access Production Fund <br />This fund is to account for all public access activities. Expenses cover staff <br />time and all operating costs of assisting residents and inshtuhons in producing <br />video presentatiorv» to be played back over the local public access channels 8, <br />12, 19, 20 and 21. Revenues for this fund are derived from interest on <br />investments, PEG fees from our cable subscribers, a portion of the franchise <br />fees, and additional charges to entities outside of our franchise area (Mound) <br />who have a need to access the public access channels. The Wayzata Schools <br />are providing the programming function for Channel 19 and have included all <br />the school districts in the LMCC service area in their progranruning.