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Lake MiBBClooka Cooiinuoicalioos Commission <br />Year 2002 Bodeet <br />The Lake Minnetonka Communications CoromissioQ budget formal includes three <br />sepiiaie funds: Franchise Administration, StudiofAcoess Production, and Capital <br />Improvements Fund. <br />The Lake Minnetonka Commumcadons Comnusion maintains a fund balance as a <br />reserve to maintain operation if unforeseeable funding losses should occur. Hiese <br />could include lovvered franchise revenue, legislation resulting in reduced funding, or <br />the like. Tbe LMCC has some fitumcial obligations, such as a building rental <br />contract, that would have to be paid even if the legislature eliminated franchise <br />funding. The LMCC has decided to dedua operating revenue from the fund balance <br />this year with a transfer to the Studio Production Fund. The LMCC is also <br />including in the budget an audit of Mediaoom Financials lismd as a one time line <br />item at a cost of $17,000. <br />The LMCC studio and offices are still located at 4071 Sunset Drive in Spring Park. <br />The following is a summary of the categories of the budget: <br />Franchise Administration l*uod <br />This fund is supported entirely by franchise fees and interest on investments. <br />Activities aooounied for in this fund are relaied to the oversight responstbility of the <br />Commission representing the member ctiies' interest in the cable operators <br />oomplianoe with the franchise agreement. The LMCC also repfesems its member <br />cities by mooiionog and panidpaung in the legislative activities at the state and <br />federal levels. <br />Studio/Access Production Fund <br />This fund is to aoooum for all ptiblic access activities. Rapmses cover staff time and <br />all operating costs of as s isrin g resideou and ina imrios is in producing video <br />proseatations lo be played back over the locd ptMic aooem chasmrit 8. 19. 20 smd <br />21. Reivemies for this hmd ate dcfived from imerest ou investments, PEG fees from <br />our od>le sulMctiben, a podioo of the franefane fees, and addftioml charges to <br />entiti es outside of our ftaochiae area (Mound) who have a need to access the ptiblic <br />access chananis. The Wayiata Schools are providiag the prognmining function for <br />Chanafil 19 and have indnded all the school dittkls in the LMCC service area in <br />their progtammmg. <br />J