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FiberNet Advisory Board Agenda Packet 05-10-2016AGENDA FIBERNET MONTICELLO ADVISORY BOARD MEETING Tuesday, May 10, 2016 — 6:30 p.m. Boom Island Room, Monticello Community Center Members: Brian Stumpf, Charlotte Gabler, Jon Morphew, Dennis Sullivan, Jacob Kramer Others: Jeff O'Neill, Rachel Leonard, Bryan Rabe 1. Call to Order 2. Additions to Agenda 3. Approval of March 2016 Meeting Minutes 4. Network Update 5. Business Office Update 6. Financial Update 7. Management Update 8. IRET Update 9. Volunteer Appreciation Picnic- June 2016 10. Next Meeting — Tuesday, June 14, 2016 11. Adjourn MINUTES REGULAR MEETING — FIBERNET MONTICELLO ADVISORY BOARD Tuesday, March 15th, 2016 Boom Island Room, Monticello Community Center Present: Brian Stumpf, Charlotte Gabler, Jon Morphew, Jacob Kramer, Dennis Sullivan Others: Jeff O'Neill, Rachel Leonard, Bryan Rabe, Wayne Oberg, Tim Hennagir 1. Call to Order Brian Stumpf called the meeting to order at 6:30 PM. 2. Additions to Agenda Update on the IRET apartment building project. 3. Approval of December 2015 Meeting Minutes JON MORPHEW MOVED TO APPROVE THE FEBRUARY 9TH, 2015 REGULAR MEETING MINUTES. CHARLOTTE GABLER SECONDED THE MOTION. MOTION CARRIED 5-0. 4. Network Update • Bryan Rabe reported he worked with Calix to find a solution to the bug experienced by some TV subscribers after the power outage. They think it's fixed, but they won't know for sure until there is another power outage. • Brian Stumpf asked about the FNM techs helping the Water Department. Wayne Oberg and Bryan Rabe responded they are working with Matt Theisen to have a technician help install the radio readers on the water meters. • Charlotte Gabler asked about the time since the last major outage. Bryan Rabe reported it has been more than 6 months. He reiterated FiberNet does not guarantee up -time, but the system has been stable. 5. Business Office Update • Rachel Leonard provided the latest subscriber data and requested to speak about two topics associated with the latest numbers. • Leonard noted a decrease in the number of business customers related to the recently added charges for long distance telephone service. She offered the idea of a promo to business subscribers only. BRIAN STUMPF MADE A MOTION TO PROVIDE 30 MINUTES OF FREE LONG DISTANCE FOR BUSINESSES EACH MONTH. JON MORPHEW SECONDED THE MOTION. MOTION PASSED 5-0. Rachel Leonard noted funds in the budget allocated for marketing expenses. She reviewed the use of the funds in 2015 and put forth an alternative plan for 2016. DENNIS SULLIVAN MADE A MOTION FOR THE NEW DISUTRIBUTION OF MARKETING FUNDS. JACOB KRAMER SECONDED THE MOTION. MOTION PASSED 5-0. • Charlotte Gabler asked about the number of potential customers turned away during the winter because temp drops are not possible. Rachel Leonard reported it's a small number FiberNet Advisory Board Minutes: 03/15/16 of homes that cannot get service in the winter; the office keeps a list of residents and calls them in the spring. Most sign-up then. • Dennis Sullivan asked about the number of people who turn down service because of the new equipment cost. Rachel Leonard reported there are some who do, but others don't have a problem with it. It is difficult to judge during this slower period of the year. Staff will track this spring and revisit the issue of the fee with the board as needed. 6. Financial Update • Wayne Oberg provided the financial reports ending 2/29/16. Oberg noted he's still working with the format to provide the information as clearly as possible. Dennis Sullivan asked if the bond payments are included in these financials; Oberg explained those payments are not in the FiberNet budget. They are part of the city's levy. 7. Management Update Jeff O'Neill informed the board staff continues to answer questions and provide data to CTC and Arvig. Meetings to review the proposals of each company are scheduled for the end of March. Tim Hennagir asked if those meetings will be open to the public. O'Neill answered that at this time it's anticipated they will be closed. However, both proposals will be presented to City Council for a selection at an open meeting. 8. IRET Update Jeff O'Neill updated the board in the continued work with IRET for FiberNet to provide service to the new apartments in Monticello. O'Neill noted CTC continues to assist with the project and city staff is waiting on a final agreement from IRET. Tim Hennagir asked about the use of CTC since they are up for the management services contract. O'Neill explained the advisory board authorized their assistance with this project before third party management was an option. He also noted Arvig has been informed and updated on the details of the project to prevent an unfair advantage. Wayne Oberg requested estimates on the cost of the equipment for the project and Charlotte Gabler asked about the potential danger for unexpected costs. Jeff O'Neill reiterated the city has not committed to anything yet. 9. Next Meeting The next meeting of the FiberNet Advisory Board is scheduled for April 12, 2016 at 6:30pm in the Boom Island Room at the Monticello Community Center. 10. Adiournment DENNIS SULLIVAN MOVED TO ADJOURN THE MEETING. JACOB KRAMER SECONDED THE MOTION. MOTION CARRIED 5-0 AND MEETING ADJOURNED AT 7:26PM. Recorder: Rachel Leonard Approved: Attest: Jeff O'Neill, City Administrator Residential & Business Subscribers (Customer Counts) Service Dec15 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD I CHG % Phone Only 31 32 31 31 31 27 --- --- --- --- --- --- --- -4 -12.9% Internet Only 646 664 678 693 700 704 --- --- --- --- --- --- --- 58 9.0% Television Only 77 74 72 72 70 71 --- --- --- --- --- --- --- -6 -7.8% Phone & Internet 169 164 163 161 158 162 --- --- --- --- --- --- --- -7 -4.1% Phone & Television 45 44 43 43 43 42 --- --- --- --- --- --- --- -3 -6.7% Internet & Television 323 318 309 298 292 287 --- --- --- --- --- --- --- -36 -11.1% Triple Play 278 278 277 271 268 265 --- --- --- --- --- --- --- -13 -4.7% Total Subscribers 1569 1574 1573 1569 1562 1558 0 0 0 0 0 0 0 -11 -0.7% Total Phone 523 518 514 506 500 496 --- --- --- --- --- --- --- -27 -5.2% Total Internet 1416 1424 1427 1423 1418 1418 --- --- --- --- --- --- --- 2 0.1% Total Television 723 714 701 684 673 665 --- --- --- --- --- --- --- -58 -8.0% Total Services 2662 2656 2642 2613 2591 2579 -83 -3.1% Residential & Business Subscribers (Percentage of Customers) Service Dec15 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Phone Only 2.0% 2.0% 2.0% 2.0% 2.0% 1.7% --- --- --- --- --- --- --- Internet Only 41.2% 42.2% 43.1% 44.2% 44.8% 45.2% --- --- --- --- --- --- --- Television Only 4.9% 4.7% 4.6% 4.6% 4.5% 4.6% --- --- --- --- --- --- --- Phone & Internet 10.8% 10.4% 10.4% 10.3% 10.1% 10.4% --- --- --- --- --- --- --- Phone & Television 2.9% 2.8% 2.7% 2.7% 2.8% 2.7% --- --- --- --- --- --- --- Internet & Television 20.6% 20.2% 19.6% 19.0% 18.7% 18.4% --- --- --- --- --- --- --- Triple Play 17.7% 17.7% 17.6% 17.3% 17.2% 17.0% --- --- --- --- --- --- --- Total Subscribers 1100.0% 1100.0% 1100.0% 1100.0% 1100.0% 1100.0% I 0.0% I 0.0% I 0.0% I 0.0% I 0.0% I 0.0% I 0.0% Total Phone 19.6% 19.5% 19.5% 19.4% 19.3% 19.2% --- --- --- --- --- --- --- Total Internet 53.2% 53.6% 54.0% 54.5% 54.7% 55.0% --- --- --- --- --- --- --- Total Television 27.2% 26.9% 26.5% 26.2% 26.0% 25.8% --- --- --- --- --- --- --- Total Services 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% -- Residential and Business Service Participation (Percentage of Customers) Service I Dec15 j Jan I Feb I Mar I Apr I May I Jun I Jul I Aug I Sep I Oct I Nov I Dec I YTD I CHG % Phone 33% 33% 33% 32% 32% 32% -1% -4% TV 46% 45% 45% 44% 43% 43% -3% -7% Internet 90% 90% 91% 91% 91% 91% 1% 1% Residential Subscribers (Customer Counts) Service Dec15 Jan 16 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Phone Only 21 22 21 21 21 19 Internet Only 612 627 640 654 659 673 Television Only 76 73 71 71 69 70 Phone & Internet 97 94 93 95 94 94 Phone & Television 44 43 42 41 41 41 Internet & Television 317 315 306 295 289 283 Triple Play 264 263 263 257 254 250 Total Subscribers 1431 1437 1436 1434 1427 1430 0 0 0 0 0 0 0 Total Phone 426 422 419 414 410 404 0 0 0 0 0 0 0 Total Internet 1290 1299 1302 1301 1296 1300 0 0 0 0 0 0 0 Total Television 701 694 682 664 653 644 0 0 0 0 0 0 0 Total Services 2417 2415 2403 2379 2359 2348 0 0 0 0 0 0 0 Residential (Percentage of Customers) Service Dec15 Jan 16 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Phone Only 1.5% 1.5% 1.5% 1.5% 1.5% 1.3% --- --- --- --- --- --- --- Internet Only 42.8% 43.6% 44.6% 45.6% 46.2% 47.1% --- --- --- --- --- --- --- Television Only 5.3% 5.1% 4.9% 5.0% 4.8% 4.9% --- --- --- --- --- --- --- Phone & Internet 6.8% 6.5% 6.5% 6.6% 6.6% 6.6% --- --- --- --- --- --- --- Phone & Television 3.1% 3.0% 2.9% 2.9% 2.9% 2.9% --- --- --- --- --- --- --- Internet & Television 22.2% 21.9% 21.3% 20.6% 20.3% 19.8% --- --- --- --- --- --- --- Triple Play 18.4% 18.3% 18.3% 17.9% 17.8% 17.5% --- --- --- --- --- --- --- Total Subscribers 100.0% 100.0% 100.0% 100.0% 100.0°/% 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Total Phone 17.6% 17.5% 17.4% 17.4% 17.4% 17.2% --- --- --- --- --- --- --- Total Internet 53.4% 53.8°/% 54.2% 54.7% 54.9% 55.4% --- --- --- --- --- --- --- Total Television 29.0% 28.7% 28.4% 27.9% 27.7% 27.4% --- --- --- --- --- --- --- Total Services 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% --- --- --- --- --- --- --- Residential Service Participation (Percentage of Customers) YTD I CHG % -2 -9.5% 61 10.0% -6 -7.9% -3 -3.1% -3 -6.8% -34 -10.7% -14 -5.3% -1 -0.1% -22 -5.2% 10 0.8% -57 -8.1% -69 -2.9% Service I Dec15 j Jan I Feb I Mar I Apr I May I Jun I Jul I Aug I Sep I Oct I Nov I Dec I YTD I CHG % I Phone 30% 29% 29% 29% 29% 28% -2% -5% TV 49% 48% 47% 46% 46% 45% -4% -8% Internet 90% 90% 91% 91% 91% 91% 1% 1% Business Subcribers (Customer Counts) Service Dec15 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD I CHG% Phone Only 10 10 10 10 10 8 -2 -20.0% Internet Only 34 37 38 39 41 31 I -3 -8.8% Television Only 1 1 1 1 1 1 I 0 0.0% Phone & Internet 72 70 70 66 64 68 I -4 -5.6% Phone & Television 1 1 1 2 2 1 I 0 0.0% Internet & Television 6 3 3 3 3 4 I -2 -33.3% Triple Play 14 15 14 14 14 15 1 7.1% Total Subscribers 138 137 137 135 135 128 0 0 0 0 0 0 0 10 -7.2% Total Phone 97 96 95 92 90 92 0 0 0 0 0 0 0 -5 -5.2% Total Internet 126 125 125 122 122 118 0 0 0 0 0 0 0 I -8 -6.3% Total Television 22 20 19 20 20 21 0 0 0 0 0 0 0 -1 -4.5% Total Services 245 241 239 234 232 231 0 0 0 0 0 0 0 14 -5.7% Business Subscribers (Percentage of Customers) Service Dec15 Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Phone Only 7.2% 7.3% 7.3% 7.4% 7.4% 6.3% --- --- --- --- --- --- --- Internet Only 24.6% 27.0% 27.7% 28.9% 30.4% 24.2% --- --- --- --- --- --- --- Television Only 0.7% 0.7% 0.7% 0.7% 0.7% 0.8% --- --- --- --- --- --- --- Phone & Internet 52.2% 51.1% 51.1% 48.9% 47.4% 53.1% --- --- --- --- --- --- --- Phone & Television 0.7% 0.7% 0.7% 1.5% 1.5% 0.8% --- --- --- --- --- --- --- Internet & Television 4.3% 2.2% 2.2% 2.2% 2.2% 3.1% --- --- --- --- --- --- --- Triple Play 10.1% 10.9% 10.2% 10.4% 10.4% 11.7% --- --- --- --- --- --- --- Total Subscribers 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% 0.0% Total Phone 39.6% 39.8% 39.7% 39.3% 38.8% 39.8% --- --- --- --- --- --- --- Total Internet 51.4% 51.9% 52.3% 52.1% 52.6°/% 51.1% --- --- --- --- --- --- --- Total Television 9.0% 8.3% 7.9% 8.5% 8.6% 9.1% --- --- --- --- --- --- --- Total Services 100.0% 100.0% 100.0% 100.0% 100.0% 100.0% --- --- --- --- --- --- --- Business Service Participation (Percentage of Customers) Service Dec15 I Jan I Feb I Mar I Apr I May I Jun I Jul I Aug I Sep I Oct I Nov I Dec I YTD I CHG Phone 70% 70% 69% 68% 67% 72% 2% 2% TV 16% 15% 14% 15% 15% 16% 0% 3% Internet 91% 91% 91% 90% 90% 92% 1% 1% Fiber Net 2016 Schedule of Revenue and Expenses (Modified Accrual Basis - No Depreciation) 4/30/2016 Feb Mar Original Amended Ytd% Comments Account Number Description $ 558 $ $ $ $ $ $ $ $ $ 2,277 Jan 663 634 Budget Budget 31.8% REVENUE 1,321 1,321 5,284 33.5% 656-00000-341180 PEG Access Fee $ 7,435 $ 7,435 $ 592 656-00000-341190 USF Fee 8,083 8,083 672 656-00000-362920 Services - Misc 15,776 15,776 1,321 656-00000-362990 Other Miscellaneous Revenue 2,001 2,001 15 656-00000-380510 Television Services 619,082 619,082 45,996 656-00000-380520 Internet Services 659,011 659,011 55,770 656-00000-380522 Equipment Rental/Purchase 128,502 128,502 12,421 656-00000-380530 Phone Services 267,617 267,617 24,424 656-00000-380531 Long Distance - - 30.7% 656-00000-380540 CABS Revenue 6,000 6,000 - 656-00000-380542 Late Fees 16,260 16,260 1,390 656-00000-380545 Discounts Offered -Taxable (26,213) (26,213) (2,113) 656-00000-380546 Discounts Offered -Non Taxable (42,107) (42,107) (3,252) 656-00000-380557 Miscellaneous Charges 27,520 27,520 1,709 656-00000-380558 Misc Charges -Non Taxable 1,483 1,483 (3) 1,316 OPERATING REVENUE Totals: 1,690,450 1,690,450 138,942 EXPENSE 894 828 3,300 21.7% Dept 49870 General & Administration 802 3,210 20.7% 656-49870-410100 Salaries Full -Time Reg 184,238 184,238 11,622 656-49870-410200 Salaries Full -Time OT 600 600 36 656-49870-410300 Salaries Part -Time Reg 18,000 18,000 1,238 656-49870-410310 Salaries Part -Time. OT - - - 656-49870-410400 Salaries Temporary -Reg - - - 656-49870-412100 Pera Contributions 15,213 15,213 727 656-49870-412200 Fica Contributions 15,517 15,517 710 656-49870-413100 Health Insurance Contributions 56,421 56,421 3,663 656-49870-413300 Life Insurance Contributions 300 300 17 656-49870-413400 Disability Ins Contributions 600 600 24 656-49870-415100 Workers Comp 644 644 - 656-49870-421990 Gen Operating Supplies 17,088 17,088 27.0% 656-49870-430400 Legal Fees 9,600 9,600 41.6% 656-49870-430700 Management Services (GM) - - - 656-49870-431800 Professional Services -Billings 26,400 26,400 2,059 656-49870-431970 Regulatory Professional Svcs 9,600 9,600 - 656-49870-431990 Miscellaneous Prof Services 24,000 24,000 296 656-49870-432100 Telephone/Internet 1,800 1,800 - 656-49870-432150 Internal IT Services 26,929 26,929 2,244 656-49870-432200 Mail & Delivery Services 8,400 8,400 567 656-49870-432500 Cable/Network Services 8,600 8,600 - 656-49870-433200 Training/Conferences 1,200 1,200 23.0% 656-49870-434600 Marketing 1,800 1,800 - 656-49870-436100 LPV Insurance 9,165 9,165 5,346 656-49870-440100 Repair and Maint-Buildings 2,400 2,400 - 656-49870-441200 Building/Room Rental 16,980 16,980 1,415 656-49870-443200 Write Offs 21,600 21,600 1,291 656-49870-443300 Dues Membership and Subscrip 1,300 1,300 - 656-49870-443700 Licenses And Permits 1,625 1,625 80 656-49870-443980 Bank Charges 12,000 12,000 803 656-49870-443990 Miscellaneous Other Exp 6,000 6,000 5 656-49870 EXPENSE Totals: 498,020 498,020 32,145 Dept 49870 Field Operations 656-49877-410100 Salaries Full -Time Reg 226,313 226,313 22,903 656-49877-410200 Salaries Full -Time OT 12,000 12,000 852 656-49877-410300 Salaries Part -Time Reg - - - 656-49877-410310 Salaries Part -Time OT 656-49877-410400 Salaries Other -Reg - - - 656-49877-412100 Pera Contributions 17,873 17,873 1,176 Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD Ytd% Comments 569 $ 558 $ 558 $ $ $ $ $ $ $ $ $ 2,277 30.6% 663 634 599 2,567 31.8% 1,321 1,321 1,321 5,284 33.5% 1,535 5 4 1,558 77.9% 48,729 47,450 47,591 189,766 30.7% 55,639 55,691 55,685 222,785 33.8% 13,115 12,181 12,169 49,886 38.8% 24,177 23,491 22,465 94,558 35.3% 2,934 2,930 2,339 8,203 --- - 1,418 - 1,418 23.6% 1,505 1,265 1,230 5,390 33.1% (2,027) (1,949) (1,956) (8,046) 30.7% (3,164) (3,059) (3,057) (12,532) 29.8% 1,349 1,174 1,814 6,046 22.0% 138 21 220 376 25.4% 146,482 143,130 140,982 569,536 33.7% 10,022 10,461 9,829 41,934 22.8% 18 26 8 89 14.8% 1,316 1,430 1,200 5,185 28.8% 852 894 828 3,300 21.7% 828 869 802 3,210 20.7% 3,663 3,788 3,801 14,916 26.4% 25 25 25 93 31.0% 35 35 35 130 21.7% - - - - 0.0% 3,836 - 642 4,478 26.2% 371 375 1,500 2,246 23.4% 2,000 2,000 2,000 8,060 30.5% - 442 1,605 2,047 21.3% 6,608 3,577 1,547 12,028 50.1% - 8 8 17 0.9% 2,244 2,244 2,244 8,976 33.3% 575 560 570 2,272 27.0% - 1,835 1,746 3,581 41.6% - - - 0.0% - 0.0% - 5,346 58.3% 190 - - 190 7.9% 1,415 1,415 1,415 5,660 33.3% (186) 1,985 3,445 6,535 30.3% 100 - - 100 7.7% - 102 - 182 11.2% 959 39 959 2,760 23.0% (3) 34 125 160 2.7% 34,869 32,146 34,335 133,495 26.8% 18,057 18,066 18,161 77,187 34.1% 1,810 1,466 1,044 5,171 43.1% 1,490 1,465 1,440 5,571 31.2% Dept 49879 Cost of Goods Sold Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec Original Amended Account Number Description 1,442 1,417 5,493 30.1% 5,440 5,440 Budget Budget 656-49877-412200 33.2% 23 Fica Contributions 18,231 18,231 656-49877-412300 22.5% 36 Medicare Contributions - - 656-49877-413100 17.3% 4,384 Health Insurance Contributions 66,539 66,539 656-49877-413300 74.4% - Life Insurance Contributions 600 600 656-49877-413400 0.0% 25 Disability Ins Contributions 1,200 1,200 656-49877-414200 8.3% - UC Benefit Payments - - 656-49877-415100 20.6% 1,152 Work Comp Ins Premiums 5,896 5,896 656-49877-421110 19.1% - Clothing Supplies 1,800 1,800 656-49877-421200 0.0% 8,970 Motor Fuels 3,600 3,600 656-49877-421800 47.8% - Fiber/Video/Phone Supplies 73,000 73,000 656-49877-421990 16.5% Gen Operating Supplies 30,000 30,000 656-49877-422500 9.1% 1,866 Landscaping Materials - - 656-49877-422990 31.2% - Misc Repair and Maint Supplies - - 656-49877-424100 0.0% Small Tools ($500-$9999) 6,000 6,000 656-49877-431900 18.2% Maintenance & Support Services (1)(2) 108,000 108,000 656-49877-431990 6.2% Miscellaneous Prof Services 12,000 12,000 656-49877-432770 0.0% Gopher State Locates 1,800 1,800 656-49877-433100 0.2% Travel Expense - - 656-49877-433200 16.7% 47,990 Training/Conferences - - 656-49877-438100 31.6% Electric 24,000 24,000 656-49877-438200 Water/Sewer 900 900 656-49877-438400 Refuse/Recycling Services 1,200 1,200 656-49877-440100 R&M-Buildings/Systems 24,000 24,000 656-49877-440440 R&M -Mach & Equip 4,000 4,000 656-49877-440500 R&M -Vehicles 4,000 4,000 656-49877-443990 Miscellaneous Other Exp 6,000 6,000 656-49877-458010 Other Equipment - - 656-49877 EXPENSE Totals: 648,952 648,952 Dept 49879 Cost of Goods Sold Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov Dec YTD Ytd% 1,163 1,471 1,442 1,417 5,493 30.1% 5,440 5,440 5,590 5,590 22,060 33.2% 23 37 37 37 135 22.5% 36 57 57 57 207 17.3% 4,384 656-49879 EXPENSE Totals: 4,384 74.4% - - - 70,398 - 0.0% 25 89 80 105 300 8.3% - 7,523 - 7,519 15,042 20.6% 1,152 2,790 955 830 5,727 19.1% - - - - - 0.0% 8,970 24,400 4,230 13,980 51,580 47.8% - 658 658 658 1,975 16.5% 77 24 62 163 9.1% 1,866 1,578 2,028 2,027 7,498 31.2% - - - - 0.0% - 109 109 218 18.2% 1,481 - 1,481 6.2% - - - 0.0% 7 7 0.2% 1,000 1,000 16.7% 47,990 66,960 36,207 54,043 205,200 31.6% 656-49879-430910 Voice -Technical Services 68,280 68,280 5,512 4,994 6,030 5,463 656-49879-430920 Video -Technical Services 661,260 661,260 48,865 49,394 48,382 47,085 656-49879-430930 Data -Technical Services 159,300 159,300 17,819 17,870 17,870 17,851 656-49879-443720 Video -Licenses and Permits - - - 67 - 656-49879 EXPENSE Totals: 888,840 888,840 72,196 72,324 72,282 70,398 OPERATING EXPENSE Totals: 2,035,812 2,035,812 152,331 174,153 140,635 158,777 25,665 OPERATING (LOSS) $ (345,362) $ (345,362) $ (13,390) $ (27,671) $ 2,496 $ (17,796) $ OPERATING - average monthly (loss) Notes: (1) Lump sum (i.e. annual, semi-annual, etc.) service payments will be re -distributed by months covered as the year progresses (about remaining $20,000/8 or $2,500 monthly). (2) Unresolved CSI digital bill for $9750 STB licenses ($1.50 per settop box). Not on contract listing. 21,999 32.2% ABmedngded 29.3% 71,410 44.8% 67 SUMMARY Description BOdrget 32.3% Jan Feb Mar Apr May Jun Jul Aug Sep Oct Nov OPERATING (LOSS) $ (345,362) $ (345,362) $ (13,390) $ (27,671) $ 2,496 $ (17,796) $ $ $ $ $ $ $ $ NONOPERATING (REV)/EXP: Investment Earnings Damage Claim (25,665) Insurance Claim Reimbursement 25,665 656-00000-362400 Sale of City Property - - - - - - 656-00000-392000 Operating Transfer In 350,000 350,000 29,167 29,167 29,167 29,167 NET $ 4,638 $ 4,638 $ 15,777 $ 1,496 $ 31,663 $ 11,372 $ $ $ $ $ $ $ $ 21,999 32.2% 193,725 29.3% 71,410 44.8% 67 --- 287,201 32.3% 625,897 30.7% $ (56,361) 16.3% (14,090) --- Months Year % 4 12 33.3% Dec YTD Ytd% $ (56,361) 16.3% 116,668 33.3% $ 60,307 Comments