HomeMy WebLinkAboutItem 3 - RWSCC Audit report letterRAMSEY.WASHINGTON SUBURBAN CABLE COMMISSION
2460 East County Road F
White Bear Lake, Minnesota 55110
Birchwood Village
Dellwood
Grant
Lake Elmo
Mahtomedi
Maplewood
Telephone: 651-7 4l -3800
Fax: 651-747-3849
April30, 2014
North St. Paul
Oakdale
Vadnais Heights
White Bear ktke
White Bear Township
Willernie
To: Dean Zuleger, Ciff of Lake Elmo
From: Tim Finnerty, Executive Director, Ramsey/Washington Cable Commission
Subject: Redistribution Payment; Annual Report of Audit & Activity; Annual Franchise Fee
Annual Franchise Fee Distribution
Piease find enclosed our check number 16447 in the amount of $39,323.71
representing the City of Lake Elmo's redistribution payment from Ramsey/Washington Cable
Commission.
The Joint and Cooperative Agreement of the Ramsey/Washington Cable Commission
specifies that franchise fees collected in excess of the amount needed for the Cable
Commission's annual budget shall be redistributed to the member municipalities in good
standing according to a formula using a proportionate share of the total revenues subject to
franchise fees derived from each member municipality.
With the help of an outside auditing firm, CliftonlarsonAllen, the Commission
reviewed its 2013 financial records at the March 13,2OI4, meeting of the Commission and
determined a total of $720,584.00 to be redistributed.
The following table shows the calculation of the City of Lake Elmo's share, $39,323.71.
2013 revenues subject to franchise fees as reported by
Comcast-collected from all Ramsey/Washington subscribers.
$33,275,598.55
2013 revenues subject to franchise fees as reported by
Comcast-collected from subscribers in the City of Lake Elmo.
$1,81s,908.62
Percentage of 2013 revenues subject to franchise fees as reported by
Comcast--derived from subscribers in the CiW of Lake Elmo.
5.4572o/o
Minus 2013 webstreaming costs, if participating.0.00
Calculation of payment amount: $720,584.00 x 5.4572% - $0.00.$39,323.71
Dean Zuleger
April3O, 2014
Page Two
The table above shows that in 2013 Comcast collected $33,275,598.55 in revenues
subject to franchise fees from cable system subscribers. Of this total, $ 1,815,908.62 was
collected from subscribers residing within the City of Lake Elmo. That means 5.4572o/o of such
revenues collected came from cable subscribers in the City of Lake Elmo.
Therefore, the City of Lake Elmo receives a payment of $39,32S.2t. This paSrment is
enclosed.
Annual Audit Report
Attached please find the report of CliftonlarsonAllen regarding that firm's audit of the
governmental activities and each major fund of Ramsey/Washington Counties Suburban
Cable Communications Commission II for the year ended December 31, 2013.
Annual Activitv Report
Please also find attached an annual activity report covering the 2013 Cable
Commission activities, as well as current and future business on the Commission's agenda.
Please feel free to contact me if vou should have anv questions about this at 651-747-
3802. Thankyou.