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CATV - CABLE TELEVISION (23)
, I Vision Cable Communications, Inc. 270 Sylvan Avenue Englewood Cliffs, N.J. 07632 201 894-5555 April 14, 1988 Mr. Bill McCall Communications Director City of Clearwater P.O. Box 4748 Clearwater, FL 33518-4748 Dear Mr. McCall: Attached please find the financial information you have requested for the City of Clearwater. You will note that we are no longer reporting the Balance Sheet based on the receipts for the City as in the past. Instead, we have given you the Balance Sheet for the entire system since it is impossible to accurately isolate those items which may be directly attributed to the City. As always, should you have any further questions, please feel free to contact us at any time. Sincerely, k-~__ Ronald G. Sumrow Vice President RGS/ls Attachment ,-. ;aE C 1': I 'l~. . 18 1988 /~t"'fT'\.. .T \.-A 1 1 c CITY OF CLEARWATER INCOME STATEMENT (uNAUDITED) 1981 1982 1983 1984 1985 1986 1987 TOTAL OPERATING REVENUE $635,430 $2,952,797 $3,835,766 $4,575,092 $5,219,053 $6,312,178 $6,815,845 $30,346,161 OPERATING EXPENSES: SALARIES 631,279 1,198,221 1,611,561 1,186,606 1,097,690 1,116,516 1,126,378, 7,968,251 PROGRAMMING COSTS 330,561 939,131 1,176,251 1,508,837 1,660,458 1,72I,bb8 I ,b77 ,91b 9,014,822 SYSTEM "AINTENANCE (843,843) 381,210 321,470 53b,7b8 427,587 473,3bb 607,421 1,903,978 TAXES 99,893 SOb, 122 b45,275 42b,414 370,119 398,373 358,157 2,804,3S~ OFFICE EQUIP"ENT 32,009 84,852 100,885 89,Obb 101,573 103,839 112,71b 624,940 HEAT, LIGHT, POIlER 29,857 41,514 99,12b 77,102 b7,300 71 ,0bO b3,099 449,057 POLE .. SITE RENTAL 119,804 154,78b 145,bbl 70,518 57,755 58,58b 82, b 73 689,784 PROFESSIONAL SERVICES 59,591 Ib2,9b8 57,015 b2,019 b7,2b3 b5,bll bb,920 541,387 DATA PROCESSING 28,934 bl,5lb 93,702 80,809 105,743 83,13b 8b,958 540,798 POSTAGE Ie FREIGHT 28,920 51,549 bO,I71 60,786 67,058 67,953 74,843 411 ,280 TELEPHONE 18,273 47,978 59, 187 51,219 47,998 41,815 36,967 303,437 BAD DEBTS II ,388 77 ,391 247 ,075 93,479 72,624 110,998 112,lb8, 725,024 EI1PlOYEE IIElFARE 21,872 33,148 62,850 53,510 52,696 44,175 89,530 357,780 CONFERENCE Ie TRAVEL 40,240 62,724 69,424 33,623 18,637 18,029 21,000 263,b77 INSURANCE 55,709 79,535 35,738 21,163 32,350 37,736 39,696 301,927 DUES .. SUBSCRIPTIONS 1,318 5,256 5,236 6,663 9,612 10,416 11,080 49,580 COPYRIBHT FEES 5,745 12,424 3,047 251 0 15 29 21,511 ADVERTISING Ie PROMOTI ON 159,621 140,946 118,773) 66 37,124 52,820 76,430 448,234 OTHER IINCO"E)/EXPENSE 50,655 197,855 78,409 135,977) (99,694) (92,801 ) (164,009) 165,562) CONTRIBUTIONS 444 3,507 5,857 2,372 1,875 1,400 7bO 16,21b ---------------------------------------------------------------------------------------------------------------------------- TOTAL OPERATING EXPENSE 882,270 4,242,634 4,859,165 4,325,292 4,195,769 4,384,611 4,480,732 27,370,473 OPERATING INCO"E (LOSS) (246,839 ) (1,289,837> (1,023,400) 249,800 1,023,284 1,927,5b7 2,335,113 2,975,689 - OTHER INCOME !. EXPENSES: DEPRECIATION !. A"ORTlZATION 1,234,730 1,830,826 3,726,505 3,293,226 3,227,117 3,426,502 2,796,092.... 19.534,997 MANAGEMENT FEES 57,200 264,64'1 130,757 175,118 167,098 197,348 196,493. 1,188.653 INTEREST (INCOME)!EXPENSE 1.581,737 14.268 IO,5Ob 5,037 3,805 (12,286 ) (14.771 ) 1.588,296 INCOME TAXES 0 (1,430,144) (2~245~67(li (1,479,300~ (1,092,177) (796~230i (:'71' F~\ (7.314,!S6~ ..... ........l.J1 ----------------------------------------------------------------------------------------------------------------------------- TOTAL OTHER 2.873,666 679,590 1.622.097 1.994,080 2,305,842 2,815,334 2,706~579 14,997.191 H~NET INCOME! (LOSS) H~ ($3,120,506; ($1,969,427> ($2,645,497> ($t,744,280) ($1,282,559) ($887,7671 ($371,466) ($12,021,502) ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ ------------ lIS I ON CADLE OF PINELLAS. INC. BALANCE SHEET IUNAUD ITED) 19BI 19B2 1983 1984 1985 1986 1987 CURRENT ASSETS: -------------- Cash H.857 S126.633 S81,004 (S24.532) (S15,639) S152.737 S132,371 AccDunts Receivable 75.251 3,902.222 4.653,158 5,478.783 5,000,309 3,559,362 1,266.772 - Prepaid Expenses 91.392 39.702 39.987 121,922 103,096 178,750 133.539 -------------------------------------------------------------------------------------------------- 171.500 4,068,557 4,774,149 5,576,173 5,087.766 3.890,849 1,532,682 . -------------------------------------------------------------------------------------------------- PROPERTY. PLANT AND EQUIP"ENT: CATV Equip.ent Duildin~s , Other Equip. Land 11,826,926 892.134 828,739 22.126.001 4.515.291 828,739 41.614,975 6.088,237 592,729 52,201,663 7,028,247 744,138 57,832,155 7,513,412 643,239 63,055,350 6.928,619 528,009 67,344,791 7,774.100 528,009 -------------------------------------------------------------------------------------------------- Accu.ulated Depreciation 13,547,799 (1,046,8801 27,470,031 (3,888,3151 48,295,941 (12,169.1151 59,974,048 (23,546,3081 65,988,806 135,398,4031 70,511,978 (47.480,9001 75,646.900 (58.186.2571 -------------------------------------------------------------------------------------------------- 12,500,919 23.581,716 36,126,826 36,427,748 30.590.403 23.03\.,078 17.460.643 -------------------------------------------------------------------------------------------------- INTANGI8LE ASSETS. NET 1.054.990 826.274 419.008 294,710 216,993 1,817,136 846.803 -------------------------------------------------------------------------------------------------- TOTAL ASSETS U3, 727 ,409 S28,476,547 HI,319.983 H2,298.631 S35.895.162 S28.739.063 U9,840,128 - ============================c===================================================================== CURRENT LIABILITIES: ACCDunts Pavable Advanced BillinQ Payable To Parent NOTES PAYABLE: TOTAL LIABILITIES STOCKHOLDERS' EDUITY: Loaaon Stock Paid In Capital AccuauIatrd Deficit TOTAL STOCKHOLDERS' EQUITY TOTAL LIABILITIES AND EQUITY LIABILITIES AND STOCKHOLDERS' EDUITY U .308, 134 6.286 15.23B,863 $2.914,137 28,BIB 29.852,169 $2.538,049 107.113 48,325,224 $2,050,950 35B.635 54,587.963 $1.984,343 B8.938 53, 6B5, 972 $2.162.370 164.034 50,094.3B9 ~ ....... $/.728.567 87.643 43.390.3B5 16.553,2B3 o -------------------------------------------------------------------------------------------------- 45,206,595 o 32,795,124 176.5B3 50.970.386 172 .641 56,997,548 168,361 55,759,253 163,802 52,420.793 o 16,553.283 -------------------------------------------------------------------------------------------------- 45.206.595 32.971.707 51.143.027 57.165,909 55.923,055 52.420.793 -------------------------------------------------------------------------------------------------- 150.780 915.292 13.991,9461 3.500 1.100,267 15,598,9271 3,300 1,085,943 llO,912,2871 3,500 1,110.837 (15,981,6151 3,500 1,110,837 121,142,2301 3,500 1.110.837 124,796,0671 ,- 3,500 1,110,837 (26,480,8041 (2,825,8741 -------------------------------------------------------------------------------------------------- 14,495,1601 19,823,0441 (14,867,2781 120,027,8931 (23,681,7301 (25,366,4671 -------------------------------------------------------------------------------------------------- $13.727,409 $28,476,547 $41,319,983 $42,298,631 $35,895,162 $28,739,063 $19,840,128 ........s..........................=...=..===a..................==a...................s..........= - CATEGORY: CONSTRUCTION/REBUILD HEAD END EQUIPMENT SUBSCRIBER DEVICES VEHICLES TEST EQUIPMENT OFFICE EQUIPMENT BUILDING/LAND IMPROVEMENT LlO EQUIPMENT OTHER TOTALS ..~. l' VISION CABLE OF PINELLAS, INC. FIXED ASSET SCHEDULE 1981 1982 1983 1984 1985 1986 1987 SlO,119,901 Sl5,180,734 $30,605,588 $35,209,225 $38,567,264 $40,523,488 $42,843,746 843,649 1,538,796 2,026,127 2,257,838 2,890,300 2,921,473 2,698,731 963,376 5,406,471 8,983,260 14,734,600 16,374,591 19,610,389 21,812,314 212,062 537,997 780,545 826,039 843,690 265,930 363,'~ 121,616 201,333 248,616 278,041 258,248 246,690 289,377 108,091 208,399 398,413 518,452 523,490 538,223 690,873 955,827 2,193,996 2,403,479 2,672,166 2,761,545 2,364,228 2,392,505 190,256 1,752,229 2,007,429 2,009,556 2,089,144 2,094,088 2,106,999 133,021 450,076 842,484 1,468,131 1,680,534 1,947,469 2,458,518 $13,547,799 $27,470,031 $48,295,941 $59,974,049 $65,999,806 $70,511,978 $75,646,900 ================================================================================================== 'wa