R-2014-1803 - 9/25/2014 RESOLUTION NO. R-2014-1803
A RESOLUTION ADOPTING A BUDGET FOR THE DRAINAGE
UTILITY FUND FOR THE 2014-2015 FISCAL YEAR.
WHEREAS, the Finance Department has submitted a proposed budget for the Drainage
Utility Fund for fiscal year 2014-2015; and
WHEREAS, the City Council wishes to approve said proposed budget,Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the budget for the Drainage Utility Fund submitted by the Finance Department for
fiscal year 2014-2015, 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 25th day of September, 2014.
M //- --4
AL MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
CIA/L- •11P1#
SARA L. WHITE, City Clerk
0112.1404;00311255
EXHIBIT City of Round Rock
2014-15 Operating Budget
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Fund Summaries
Drainage
Fund
Estimated Fund Balance/
Working Capital 10/1/14 $ 1,574,636
Less Reserves (1) (976,084)
Estimated Revenue 3,126,000
Interfund Transfers (638,000)
Total Funds Available 3,086,552
Proposed Expenditures (2,319,829)
Estimated Unreserved Fund Balance/
Working Capital 9/30/15 $ 766,723
(1)Reserves are established in accordance with operating reserve policies.
(2)Funds are designated for Capital Improvements to the Utility System.
Summary of Receipts and Expenditures
Operating Funds
October 1, 2014 through September 30, 2015
2013-2014 2013-2014 2014-2015 2015-2016
Approved Revised Operating Projected
Budget Budget Budget Budget
Drainage Fund
Total Revenues $ 2,188,088 $ 2,238,088 $ 3,126,000 $ 3,126,000
Total Expenditures (2,180,344) (2,234,446) (2,957,829) (2,605,511)
Change in Working Capital $ 7,744 3,642 $ 168,171 $ 520,489