PEG FUND BUDGET
PEG Fund
The purpose of this fund is to account for Public, Educational and Government (PEG) cable television fees – 1% of the cable operator’s gross receipts. These funds are restricted by federal law and may be used only for capital costs related to PEG access facilities. In 2017 the City of Lake Jackson and the Brazosport Independent School District entered into an interlocal agreement. The agreement provides that the City will provide funds to the school district to buy audio visual/recording equipment. Students in the Audio/Visual Programs in the BISD will work with the City to create programming to be run on City Channel 16, which will promote the City of Lake Jackson and educate citizens on the programs and services provided by the City. An initial payment of $186,343 was made to BISD in 2017, with programming beginning during the 2017-2018 school year. The first year was successful in creating initial videos and establishing a baseline for video expectations, which generated several ideas to continue growing the program in both scope and creativity in future years. In 2021, $20,000 was amended to the PEG Fund budget for audio-visual upgrades in Council chambers. The upgrades enabled Council and Planning Commission meetings to be streamed live.
RESOURCES
ACTUAL 2019-20
BUDGET 2020-21
ESTIMATED 2020-21
ADOPTED 2021-22
Fund Balance
$
348,544
371,747
371,747
356,017
Revenues PEG fees Interest
$ $
69,004 3,699 72,703
$
70,000 2,500 72,500
$
66,000 270 66,270
$
65,000 250 65,250
Total Resources
$
421,247
$
444,247
$
438,017
$
421,267
EXPENDITURES
ACTUAL 2019-20
BUDGET 2020-21
ESTIMATED 2020-21
ADOPTED 2021-22
Operating Expenses Operating Supplies/BISD Operating Supplies/City
$ $
49,500
Total Expenditures
$
49,500
$
82,000
$
82,000
$
65,250
Ending Fund Balance
$
371,747
$
362,247
$
356,017
$
356,017
62,000 20,000
62,000 20,000
FY 2021-2022 Adopted Budget - 306
45,000 20,250
