Page 505 - 2022-23 Blue Book Vol 2

TELECOMMUNICATIONS AND PUBLIC, EDUCATIONAL,
AND GOVERNMENT DEVELOPMENT

BASIS FOR THE PROPOSED BUDGET

The 2022-23 Proposed Budget for the Telecommunications and Public, Educational, and Government Development
relates to current year funding as follows:

Amount % Change

2021-22 Adopted Budget $ 7,664,323

2022-23 Proposed Budget $ 8,428,399

Change from 2021-22 Budget $ 764,076 10%

Sections 5.97 and 5.98 of the Los Angeles Administrative Code Section establish the Telecommunications
Development and the Public, Educational, and Government (PEG) Development funds. These funds receive revenue
from public, educational, and governmental (PEG) access capital franchise fees, which represent one percent of
cable companies’ gross receipts. Funds deposited to the Telecommunications Development Fund must be used for
capital costs related to providing PEG access programming. Pursuant to Council File 16-0022, funds deposited to
the PEG Development Fund are eligible to be used for PEG operational and capital costs. Funds from the PEG
access capital franchise fees that are not appropriated for specific purposes are held in a reserve account. During
2021-22, Ordinance No. 187363 was approved which changed the name of the former Telecommunications,
Liquidated Damages and Lost Franchise Fees Fund, Telecommunications Development Account, to the
Telecommunications Development and the PEG Development funds as described herein.

2021-22 2022-23
REVENUE Adopted Proposed
Cash Balance, July 1 $ 34,292,102 $ 34,684,007
Less:
Prior Years’ Unexpended Appropriations 32,700,779 32,355,608
Balance Available, July 1 $ 1,591,323 $ 2,328,399

Receipts:
PEG Access Capital Franchise Fees 6,073,000 6,100,000
Total Revenue $ 6,073,000 $ 6,100,000

Telecommunications and PEG Development Available Funds $ 7,664,323 $ 8,428,399

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