R-08-01-24-10A1 - 1/24/2008 RESOLUTION NO. R-08-01-24-10A 1
WHEREAS, the City Staff and the City Council have studied and
assessed the needs of the City for certain capital projects, and
WHEREAS, the City Council desires to prioritize and fund these
needed capital projects from the Self-Financed Construction Fund, Now
Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the list of capital projects along with their estimated costs
as shown in Exhibit "A" , attached hereto and incorporated herein, are
approved for funding from the General Self-Financed Construction Fund.
The City Council hereby finds and declares that written notice of
the date, hour, place and subject of the meeting at which this
Resolution was adopted was posted and that such meeting was open to the
public as required by law at all times during which this Resolution and
the subject matter hereof were discussed, considered and formally acted
upon, all as required by the Open Meetings Act, Chapter 551, Texas
Government Code, as amended.
RESOLVED this 24th day of January, 8 .
N LL, Rck
Mayor
oo , Texas
ATTEST: of Rund
(at r, '
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SARA L. WHITE, City Secretary
0:\wdox\RESOLUTI\RB0124A1.WPD/rmc
City of Round Rock
General Self-Financed Construction
2008 Capital Spending Plan
Funding Sources
2007 Capital Spending Plan Unallocated $507,000
FY 2007 Budgeted Transfer - Radios 345,000
FY 2007 Budgeted Transfer - OSP 656000
FY 2007 Budgeted Financial Mgmt. Policy Transfer 1 ,200,000
FY 2007 Proposed End of Year Transfer 10 586,500
Total FundingSources
$13,294,500
Uses
Projects Previously Funded
Digital Radio Project $345,000
2007 PARD Ballfield Improvements (OSP) 1 ,156,000
Fire Truck Replacements (2) 1 ,000,000
Downtown Public Facilities (City Hall, Parking Garage, Library) 2,500,000
Southwest Downtown Improvements - Phase 1 500,000
Projects Recommended For Funding
2007 PARD Ballfield Improvements (OSP) Additional Funding 4,000,000
Downtown Plan 500,000
City Gateway Entrance (North) 250,000
Street Improvements 1 ,000,000
Southwest Downtown Improvements Additional Funding 1 ,000,000
Westside Recreation Center Additional Funding 1 ,043,500
Total Funding Uses $ 13,294,500
EEXHIBIT
City of Round Rock
End of Year Capital Transfer History&Capital Spending Plans
Funding Sources-Operating Budget Transfers
FY 1999 End of Year Capital Transfer 1,845,000
FY 2000 End of Year Capital Transfer 3,170,000
FY 2001 End of Year Capital Transfer 3,350,000
FY 2002 End of Year Capital Transfer 1,800,000
FY 2003 End of Year Capital Transfer 2,280,000
FY 2004 End of Year Capital Transfer 5,000,000
FY 2005 End of Year Capital Transfer 6,756,800
FY 2006 End of Year Capital Transfer 7,900,000
FY 2006 Financial Mgmt.Policy Transfer 807,000
FY 2007 Financial Mgmt.Policy Budget 1,200,000
FY 2007 Budgeted Capital Transfer 1,001,000
FY 2007 End of Year Capital Transfer 10,586,500
Total Funding Sources $ 45,696,300
Self-Financed
Uses Project Budget
2004&Prior Proiecfs
Parkland Acquisition&Improvements 4,647,000
Sidewalk Program 1,800,000
Corridor Enhancements 100,000
Red Bud Lane Improvements 1,600,000
Facilities Improvements 1,484,000
Police Mobile Data Terminal Project 600,000
ReUse at Old Settlers Park 764,000
City Software and Network Upgrades 290,000
Downtown/Correa Property Purchase 1,160,000
Total 2004&Prior Projects $ 12,445,000
2005 Capita/Spending Plan
Fire Station#7 and Rescue Program 2,000,000
Golf Course Loan 1,000,000
Old Settler's Park Improvements 750,000
Round Rock West Streets 500,000
Gattis School Road Corridor Enhancement 250,000
Police Building Construction 500,000
Total 2005 Capital Spending Plan $ 5,000,000
2006 Capital Spendina Plan
Police Building Construction 6,556,800
Pool&Skate Park 200,000
Total 2006 Capital Spending Plan $ 6,756,800
2007 Capital Spending Plan
Police Building Construction 6,500,000
Financial Information Software 500,000
PARD Improvements OSPV Design 1,200,000
Unallocated($507,000 included in 2008 Capital Spending Plan) -
Total 2007 Capital Spending Plan $ 8,200,000
2008 Projected Capital Spendina Plan
Digital Radio Project 345,000
2007 PARD Ballfield Improvements(OSP) 5,156,000
Downtown Public Facilities(City Hall,Library) 2,500,000
Southwest Downtown Improvements 1,500,000
Fire Truck Replacements(2) 1,000,000
City Gateway Entrance(North) 250,000
Street Improvements 1,000,000
Downtown Plan 500,000
West Side Recreation Center 1,043,500
Total 2008 Projected Capital Spending Plan $ 13,294,500
Total Self-Financed Construction Projects 45,696,300
DATE: January 17, 2008
SUBJECT: City Council Meeting - January 24, 2008
ITEM: 10A1. Consider a resolution approving the funding of certain capital projects
from the General Self-Financed Construction Fund.
Department: Finance Department
Staff Person: Cindy Demers, Finance Director
justification:
This resolution approves a list of additional priority projects for the City's Self-financed
Construction Fund - 2008 Capital Spending Plan.
The funding sources for this plan are the FY 2007 budgeted and year end transfers from the
General Fund included in the FY 2007 operating budget. As in previous years, this process
continues the City's financial strategy of allocating cash funding for projects the City would
normally issue debt for. This strategy has reduced the need to borrow funds while allowing
the City to continue to keep up with the significant growth demand. Even though this
strategy has been in place for over 10 years, since 1999 it has saved the taxpayers of
Round Rock at least 10 cents on the property tax rate by avoiding the issuance of debt.
Also included is a list of existing projects currently in progress and previously approved
through prior year capital spending plans. Since 1999 the City has funded over $45.6
million in projects.
Funding projects in this manner continues with the City's financial policies of strategically
funding priority projects with available cash while minimizing the need to issue additional
debt.
Funding:
Cost: N/A
Source of funds: General Fund Operating Budget - Transfers to Self-financed
construction fund.
Outside Resources: N/A
Background Information:
On November 8, the City Council approved funding some priority projects for the 2008
Capital Spending Plan. This resolution allocates the.remaining available funds for additional
priority projects.
Public Comment: N/A