Cable Revenues Presentation to Webster Town Board November 21, 2024
OPPORTUNITIES FOR REVENUE i. Annual Cable TV franchise fee ii. Troy & Banks Cable TV franchise fee audit iii. Sale/auction of assets
Annual Cable tv franchise fee Historical data Revenue ($)
Received annually from Charter Communications. 5%, based on cable subscribership in Webster. Unrelated to cable access television production.
700000 600000 500000 400000 300000 200000 100000 0
1995
2000
2005
2010
2015
2020
2023
Cable TV franchise fee audit Performed by Troy & Banks 50% contingency-based audit Audit authorized in 2015 resulted in $44,000 recovery. Successful audits performed in recent years for Salina, Irondequoit, and the City of Buffalo.
Sale/auction of assets Assets not in use/that have reached the end of their useful life from: Town Board Room Spectrum Building/Cable studio Assets include video equipment, microphones, furniture, etc.
What’s next? No action needed for receipt of annual franchise fee. Town Board consideration of resolution to conduct a cable TV franchise fee audit. Assessment of assets by technology and A/V experts. Resolution by Town Board to approve sale/auction/destruction.