Title
Resolution authorizing the emergency appropriation of all accumulated Public, Educational, and Governmental (PEG) Access Channel Fees revenue for the purpose of funding needed upgrades to Lake County Television (LCTV) equipment and studios in the amount of $958,042.
Staff Summary
• Lake County receives a per subscriber, per month amount as a PEG fee through negotiated agreements with cable providers.
• This revenue is highly restricted by federal statute in its use to capital costs associated with equipment and studio space. In January, the County Board approved a contract with AVI Systems in the amount of $545,970 for audio visual infrastructure and equipment as well as an associated $205,000 estimated for mechanical, electrical and fiber optics lines work, for a total project cost of approximately $756,970.
• The available PEG capital reserves are $958,042. The full amount will be appropriated for these expenses because there were no funds budgeted in the FY 2023 Annual Budget. Any unspent funds will be carried over for future PEG capital restricted use.
Body
RESOLUTION
WHEREAS, Lake County has identified the need for upgrades and improvements to the Lake County Television equipment and studios; and
WHEREAS, PEG Access Channel Fees have been negotiated into County franchise agreements with cable providers and are received as revenue; and
WHEREAS, the funds were not budgeted in FY 2023 and must be appropriated for use on an approved contract and other related costs.
NOW, THEREFORE, BE IT RESOLVED, that the full amount of the PEG reserves in the amount of $958,042 is hereby appropriated for use during Fiscal Year 2023 in account 101-1102050-84035-000-000-000-11011 (PEG Expense).
DATED at Waukegan, Illinois on February 21, 2023.