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LAKE MINNETONKA CABLE COMMUNICATIONS COMMISSION <br />ANNUAL BUDGEET REEPORT <br />AS OF 12/31/86 <br />INCOME <br />Dow -Sat Franchise Fee $44,941 <br />Interest Income 1,238 <br />TOTAL INCOME $46,179 <br />EXPENSE2 <br />BUDGET <br />ACTUAL <br />VARIANCE <br />Cable Administrator3 <br />$17.500 <br />S19.139 <br />$11.639) <br />Legal Fees4 <br />3.500 <br />1,819 <br />1.681 <br />Conferences Schools <br />3.500 <br />3.075 <br />425 <br />Financial Audit5 <br />1,000 <br />0 <br />1,000 <br />Technical Audits <br />2,000 <br />0 <br />2,000 <br />Insurance/Bonds <br />3,500 <br />3,473 <br />27 <br />Office Equipment/Supplies <br />1,000 <br />650 <br />350 <br />Secretarial Services <br />750 <br />500 <br />250 <br />Assoc. Dues/Bank Charges <br />700 <br />633 <br />67 <br />Tel/Repro/Postage <br />1,400 <br />1.565 <br />( 165) <br />Miscellaneous <br />500 <br />76 <br />424 <br />L.O./Promotion <br />0 <br />711 <br />( 711) <br />Employment Taxes <br />0 <br />2,297 <br />(2,297) <br />TOTAL EXPENSE <br />$35,350 <br />$33,938 <br />$ 1,412 <br />NOTES: <br />I Intone does not Include $4,000 paid to Commission by Do. -Sat for Transfer <br />of Ownership expenses. <br />2 Expenses do not Include legal and financial expenses paid in 1986 of $3,084 <br />incurred as a result of Transfer of Ownership. <br />3 Cable Administrator authorized to work 40 hours/week beginning 10/1/86. <br />4 Does not include $7,835 legal fees Incurred 2/85 - 12/85 and paid In 1986. <br />5 These amounts being carried over to 1987 budget. <br />