HomeMy WebLinkAboutResolution 2043 `!
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�;Yx ` RESOLUTlON OF THE CITY COUNCIL
�4 � s 2043
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' COUNTY OF HENNEPIN
STATE OF MINNESOTA
RESOLIITION APPROVING THE 1987 BUDGET FOR TFIE
LARE MINNETONRA CABLE COMMUNICATIONS COM@iISSION
WHEREAS, the Lake Minnetonka Cable Communications
Commission (hereinafter "Commission") has granted a cable
communications franchise ordinance to Dow-Sat of Minnesota, a
Minnesota corporation:
WH�RSAS, the Commission was issued a Regular Certificate
of Confirmation by the Minnesota Cable Commission Board relative
to the Cable Communications Franchise:
WHERSAS , the City of Orono ("City") is an existing
member of the Commission:
�' WH�RI3AS, said joint and cooperative effort is authorized
by Minnesota Statutes Section 238. 018, Subd. 5;
, WHEREAS, the existing joint powers agreement provides
that the member cities of Commission shall review and approve the
Commission budget; .
WH�REAS, the City has reviewed the 1987 budget of the
Commission and believes it to be proper;
NOW, TH$REFORE, be it resolved, that the City Council of
the City of Orono approves the 1987 budget of the Lake Minnetonka
Cable Communications Commission.
The above listed resolution was moved by Council Member
Frahm and duly seconded by Council
Member Grabek •
' The following Council Members voted in the affirmative:
Mayor Butler and Council Member Callahan
The following Council Members voted in the negative:
None
• The above resolution was duly adopted the 8th day of
Sept ber, 1986.
ATTE . �
' ary ��Butler, Mayo
�
� othy M. allin, City Clerk .
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LAKE MINNETONKA
• CABLE CON�IUNICATIONS COMMISSION
BUDGET 1987
� Approved August 19, 1986 ,
� 1986� � � 1987
� INCOME BUDGET FOREC T U G T
Dow-Sat $46,000 $44,941 � $50,000 '
Miscellaneous � 700 1,000 700
. TOTAL $46,700 $45,941 $50,700
• EXPENSE
Cable Acministrator 11,000 19,000 23,000
Legal Fees 6,500 2,500 4,000
Conferences/Schools . 8,000 3,000 4,000
Financial Audit Fees 1,000 1,000 1,000
Technical Audit Fees 2,000 2,000 2,000
� Insuranc�e/Bonds 2,500 3,500 3,500
Office Equipment/Supplies 1,000 � � 750 750
• Secretarial Service 1,000 750 1,000
Assn. Dues/Bank Charges 1,100 750 750
Telephone/Repro/Postage 900 1,500 1,200
Miscellaneous 500 1,500 500
Access/L.O. - - - 5,000
Revolving Equipment Fund - - 4,000
TOTAL $35,500 $36,250 $50,700
� NET $11,200 $ 9,6911 -
CUMULATIVE $ 1,856
lOffset by 1985 legal fee payable of $7835, leaving projected surplus
to be carried over for 1987 of $1856.
2Financial and Technical Audits not incurred costs in 1986, but are
carried over in anticipation of those functions being performed in 1987.
� 31987 Income estimated at 5% of $1,000,000 Dow-Sat billings, reflected
as $50,000 1987 income. �
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