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Finance committee transfers Comcast and RCN cable fees to Peabody Access Television
Summary
The Peabody City Council Finance Committee approved transfers of $191,520.03 in Comcast fees and $15,304.74 in RCN fees to Peabody Access Television, recorded by roll call as 5-0.
The Peabody City Council Finance Committee voted 5-0 to transfer franchise-fee receipts from Comcast and RCN to Peabody Access Television.
Committee members approved a transfer of $191,520.03 identified as Comcast franchise-fee receipts from the city’s Receipt Reserve Cable Fund (account number listed in the motion as 27000033017) to Cable Fund Expense (account number listed as 270000053007). A second transfer moved RCN second-quarter receipts—$12,522.06 and $2,782.68, totaling $15,304.74—also from the receipts reserve to cable fund expense. Together the two transfers equal $206,824.77.
A city presenter identified in the meeting as Gingras explained the Comcast item "allows us to return funds to the Peabody Access television." For the RCN item the presenter said the fees were collected for the second quarter and were to be transferred and distributed to Peabody Access Television.
Councilor Gould made both motions. Roll-call votes for the items recorded Councilors Turco, Gould, Gamache, Manning Martin and McGinn voting yes; both motions passed 5 to 0.
The transcript shows account numbers repeated in the motions with minor inconsistencies (for example, the second motion repeats similar account numbers with slight variations). The record provided does not include additional conditions on the transfers or further detail on how Peabody Access Television will use the funds.
