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APR 2 3 1980 43 F**UZSS <br />COMMISSIONER WODTKE STATED THAT HE WOULD SECOND THE <br />MOTION WITH THE FOLLOWING QUALIFICATIONS: THAT WE HAVE A BREAKDOWN <br />OF THE FIGURES ON PAGE 16 OF THE AGENDA INFORMATION, AND BE INFORMED <br />HOW THOSE FIGURES WERE CALCULATED. <br />COMMISSIONER LYONS NOTED THAT HE WOULD LIKE TO BE SURE <br />WHAT THE BASIS IS FOR ARRIVING AT THOSE FIGURES, AND BE SURE IT <br />FOLLOWS SOME STANDARD ACCOUNTING PROCEDURE FOR SETTING RATES. <br />IVCOMMISSIONER.WODTKE REITERATED THAT THE BOARD IS NOT ASKING <br />FOR AN EXTENSIVE RATE STUDY, JUST A BREAKDOWN OF THE FIGURES ON <br />PAGE 16; POSSIBLY -A PROFIT AND LOSS STATEMENT AND AN ANNUAL STATEMENT <br />FROM COLUMBIA CABLEVISION, INC. CAN BE INCLUDED. <br />MR. CROSBY THOUGHT HE COULD GATHER THIS INFORMATION IN <br />ABOUT TWO WEEKS. <br />MOTION WAS MADE BY COMMISSIONER LYONS, SECONDED BY COMMIS- <br />SIONER WODTKE, FOR THE BOARD TO CONTINUE THIS DISCUSSION UNTIL 9:30 A.M. <br />ON MAY 21, 1980, AND IN THE MEANTIME, THE BOARD SHOULD BE GIVEN <br />ADDITIONAL INFORMATION ON THE RETURN OF INVESTMENT, AND HAVE A BREAK- <br />DOWN OF THE FIGURES ON PAGE 16 OF THE AGENDA INFORMATION, AND OF <br />HOW THOSE FIGURES WERE CALCULATED, AS MENTIONED ABOVE. <br />CHAIRMAN SIEBERT SAID HE WOULD VOTE AGAINST THE MOTION <br />BECAUSE COMMISSIONER LYONS IS HANDLING THIS AS A UTILITY - TELEVISION <br />IS ENTERTAINMENT, AND HE WAS NOT SURE THE BOARD SHOULD BE INVOLVED <br />IN THIS. <br />THE CHAIRMAN CALLED FOR THE QUESTION. IT WAS VOTED ON AND <br />PASSED, WITH CHAIRMAN SIEBERT VOTING IN OPPOSITION. <br />MR. CROSBY REQUESTED THAT A LETTER BE SENT TO HIM INDICATING <br />WHAT THE BOARD WOULD REQUIRE IN THE ADDITIONAL INFORMATION HE IS <br />TO FURNISH. <br />CHAIRMAN SIEBERT NEXT PRESENTED THE FOLLOWING PROCLAMATION <br />TO ELMER TURNER, PRESIDENT OF THE AMERICAN ASSOCIATION OF RETIRED <br />PERSONS: <br />34 <br />