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HomeMy WebLinkAboutCOUNCIL - AGENDA ITEM - 09/01/2015 - FIRST READING OF ORDINANCE NO. 106, 2015, APPROPRIAgenda Item 14 Item # 14 Page 1 AGENDA ITEM SUMMARY September 1, 2015 City Council STAFF Wendy Bricher, Financial Coordinator Carson Hamlin, Cable Television Manager SUBJECT First Reading of Ordinance No. 106, 2015, Appropriating Prior Year Reserves in the General Fund for the Purpose of Completing the Construction of a Public Television Studio for Fort Collins Public Access Network. EXECUTIVE SUMMARY The purpose of this item is to appropriate funds from PEG reserves to be spent on additional improvements for FC-PAN’s television studio in the City’s Carnegie Building. STAFF RECOMMENDATION Staff recommends adoption of the Ordinance on First Reading. BACKGROUND / DISCUSSION Under its cable television franchise with the City, Comcast collects a monthly fee from all subscribers to be used, by federal law, solely for capital costs related to public, educational and government access (PEG) programming. The City in turn contracts with Fort Collins Public Access Network (FC-PAN), a non-profit organization, to serve as the City’s designated public access television provider. The City designates a portion of the PEG funds received from Comcast for public access television needs. These funds are to be spent on capital improvements, such as studio facilities and equipment used to produce programming content, when requested by FC-PAN. Such assets are purchased and owned by the City. Any funds not used in a given year go back into the PEG reserves and are available for future purchases. The City and FC-PAN are in the finishing stages of constructing a new public television studio located in the basement of the Carnegie Building. FC-PAN has requested that $49,535 in existing PEG reserve funds be appropriated and spent on completing the new facilities. CITY FINANCIAL IMPACTS This request will appropriate funds from PEG Reserves (federally restricted) to be spent on the FC-PAN television studio. - 1 - ORDINANCE NO. 106, 2015 OF THE COUNCIL OF THE CITY OF FORT COLLINS APPROPRIATING PRIOR YEAR RESERVES IN THE GENERAL FUND FOR THE PURPOSE OF COMPLETING THE CONSTRUCTION OF A PUBLIC TELEVISION STUDIO FOR FORT COLLINS PUBLIC ACCESS NETWORK WHEREAS, pursuant to the cable television franchise agreement between Comcast and the City of Fort Collins, Comcast collects a monthly fee from subscribers that, under federal law, must be spent for capital equipment and infrastructure used to provide public, educational and governmental (PEG) television programming; and WHEREAS, the City receives the PEG funds from Comcast and designates a portion of the funds to be used for providing public access television; and WHEREAS, through a services agreement, the City has designated Fort Collins Public Access Network, a 501(c)3 corporation (FC-PAN), as the City’s public access television provider; and WHEREAS, the City works with FC-PAN to identify capital needs and spends the PEG funds on appropriate equipment and facilities to be owned by the City and used by FC-PAN to provide public access television programming; and WHEREAS, any funds not spent go back into the City’s PEG reserve account and are available for future expenditures; and WHEREAS, the City and FC-PAN are in the finishing stages of constructing a public television studio located in the basement of the Carnegie Building at 200 Mathews Street, Fort Collins; and WHEREAS, funds are needed to complete the studio facilities; and WHEREAS, restricted PEG reserves are available in the General Fund to pay for completion of the project; and WHEREAS, City staff recommends appropriating from prior year reserves in the General Fund $49,535 to be used for completion of the public television studio; and WHEREAS, Article V, Section 9 of the City Charter permits the City Council to appropriate by ordinance at any time during the fiscal year such funds for expenditure as may be available from reserves accumulated in prior years, notwithstanding that such reserves were not previously appropriated. NOW, THEREFORE, BE IT ORDAINED BY THE COUNCIL OF THE CITY OF FORT COLLINS that there is hereby appropriated for expenditure from prior year reserves in the General Fund the sum of FORTY NINE THOUSAND FIVE HUNDRED THIRTY FIVE DOLLARS ($49,535) to be used for completion of the public television studio. Introduced, considered favorably on first reading, and ordered published this 1st day of - 2 - September, A.D. 2015, and to be presented for final passage on the 15th day of September, A.D. 2015. __________________________________ Mayor ATTEST: _______________________________ City Clerk Passed and adopted on final reading on the 15th day of September, A.D. 2015. __________________________________ Mayor ATTEST: _______________________________ City Clerk