R-04-10-26-15E1 - 10/26/2004 RESOLUTION NO. R-04-10-26-15E1
WHEREAS, the Round Rock Transportation System Development
Corporation has submitted a proposed operating budget for fiscal
year 2004-2005, and
WHEREAS, the City Council wishes to approve said proposal,
Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the operating budget submitted by and for the Round Rock
Transportation System Development Corporation for fiscal year 2004-
2005, attached hereto as Exhibit "A" , is hereby approved.
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 26th day of October, 04 .
WE ayor
City of Round Rock, Texas
CHRISTINE R. MARTINEZ, City SecretFy
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City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2004 - September 30, 2005
Estimated
Actual Actual Proposed
Budget Summary FY 02-03 FY 03-04 FY 04-05
10/01 Beginning Fund Balance $ 44,678,469 $ 40,967,407 $ 43,621,831
Less Reserve for Working Capital (1) (1,000,000) (1,000,000) (1,000,000)
Estimated Operating Revenue-
Sales Tax 11,255,916 12,160,742 12,220,000
Interest and Other 648,781 503,394 458,500
Loan Proceeds - - _
Transfers In 784,341 738,573 -
Total Funds Available 56,367,507 53,370,116 55,300,331
Budgeted Expenditures-
Administration & Project Management (170,404) (184,000) (184,000)
Debt Service (4,760,656) (4,760,995) (4,761,000)
Construction and Maintenance(2) (11,469,040) (5,803,290) (32,201,179)
Transfers Out
Total Expenditures (16,400,100) (10,748,285) (37,146,179)
09/30 Estimated Unreserved Fund Balance $ 39,967,407 $ 42,621,831 $ 18,154,152
Working Capital established at $1,000,000
(2) The Transportation Capital Improvement Projects (TCIP) are project-oriented rather than
period-oriented and for this reason are not intended to be bound by formal budget control.
Expenditures shown include estimated FY 2004-2005 project costs.
EXHIBIT "A"
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1,2004-September 30,2005 Estimated
Actual Actual Proposed
Budget Detail FY02-03 FY03-04 FY04-05
Revenue and Other Sources
Sales Tax Proceeds $11,255,916 $12,160,742 $12,220,000
Interest Income 611,890 503,394 458,500
Loan/Bond Proceeds
Transfers In-Outside 784,341 738,573
Proceeds-Sale of Assets 36,891 -
Total Revenue $12,689,038 $13,402,709 $12,678,500
Operations Expenditures
Administration Costs
Contractual Services $11,340 $11,026 $11,026
Insurance 500 544 547
Supplies,Training,Transportation,Misc. _ 925 927
Total Administration Costs 11,840 12,495 12,500
Legal Services
Contractual Services 15,550 14,745 14,748
Legal Notices 41 2,176 2,177
Total Legal Services 15,591 16,921 16,925
Financial Services
Contractual Services 31,890 31,830 31,828
Audit Fees - 2,873 2,872
Total Financial Services 31,890 34,703 34,700
Engineering Services
Contractual Services 111,083 119,881 119,875
Total Engineering Services 111,083 119,881 119,875
Total Operations Expenditures 170,404 184,000 184,000
Debt Service
Principal Retirement 2,194,136 2,289,108 2,387,000
Interest Expense 2,565,910 2,470,738 2,372,000
Financing Fees 610 1,149 2,000
Total Debt Service 4,760,656 4,760,995 49761,000
Transportation Capital Projects Expenditures
Traffic Light Signal Coordination 14,810 - 62,948
South Mays St.Extension 361,250 207,760 289,213
U.S.Highway 79 Improvements 55,148 440,167 264,108
A.W.Grimes/Arterial B 1,870,466 786,398 4,661,397
Arterial A 151,576 728,644 44,359
IH35 Turnarounds - 528,293 -
U.S.Highway 79 from 1460 to CR 195 80,430 1,894,083 4,864,200
SH 45 6,822,078 11,317 5,770,939
FM 1460 231 87,616
Forest Creek 65,876 20,119 3,338,216
Double Creek 1,112,750 398,775 852,964
CR 113/Kiphen Road 677,981 33,655 722,470
Traffic Signals 82,580 300,166 923,203
Road Consulting 52,834 30,065 216,415
Hester's Crossing Bridge Replacement 51,113 38,195 1,489,014
1-35 Modifications 44,917 139,975 5,778,357
Palm Valley(Feasibility Study) - 8,159 79,241
CR 122 Phase 1 and 2 - 596,706
County Road 122(Red Bud)Phase 3 237,520 2,159,813
Regional Mobility Study 25,000 - -
Total Capital Projects Expenditures 11,469,040 5,803,290 32,201,179
Total Expenditures $16,400,100 $10,748,285 $37,146,179
excel/REVISED 4B.xls
DATE: October 21, 2004
SUBJECT: City Council Meeting - October 26, 2004
ITEM: 15.E.1. Consider a resolution approving and adopting the Operating
Budget for the Round Rock Transportation System Development
Corporation for Fiscal Year 2004-2005.
Department: Finance Department
Staff Person: Cindy Demers, Finance Director
Justification:
This budget will provide funding for debt service and administrative, financial, legal and
engineering services to the Transportation System Development Corporation.
Funding•
Cost:
Source of funds: 1/2% Sales Tax for Transportation Improvements
Outside Resources: N/A
Background Information:
The budget provides funding for debt service and administrative, financial, legal and
engineering services to the Corporation. The budget is funded from a 1/2% sales tax
established for the purposes for the purposes of providing transportation improvements.
The Corporation oversees those improvements with the further approval of the City Council.
Public Comment:
A meeting held on this date regarding the proposed Operating Budget for the Round Rock
Transportation System Development Corporation for FY 2004-2005.