R-03-11-13-11D2 - 11/13/2003RESOLUTION NO. R -03-11-13-11D2
WHEREAS, the Round Rock Transportation System Development
Corporation has submitted a proposed operating budget for fiscal
year 2003-2004, 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 2003-
2004, 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.
ATT
RESOLVED this 13th day of November 00
i���i�
NY AW Mayo
City of Round Rock, Texas
CHRISTINE R. MARTINEZ, City Secreta
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City of Round Rock
Round Rock Transportation System
Proposed Operating and Construction Budget
October 1, 2003 - September 30, 2004
Budget Summary
10/01 Beginning Fund Balance
Less Reserve for Working Capital (1)
Estimated Operating Revenue -
Sales Tax
Interest and Other
Loan Proceeds
Transfers In
Total Funds Available
Budgeted Expenditures -
Administration & Project Management
Debt Service
Construction and Maintenance (2)
Transfers Out
Total Expenditures
09/30 Estimated Unreserved Fund Balance
(1) Working Capital established at $1,000,000
Estimated
Actual Actual
FY 2001-02 FY 2002-03
$ 34,908,975 $
(1,000,000)
10,012,966
754,753
15,000,000
0
59,676,694
(165,384)
(3,485,075)
(12,347,766)
44,678,469 $
(1,000,000)
11,251,670
606,154
0
784,341
56,320,634
(170,405)
(4,760,655)
(18,376,125)
0 0
Projected
FY 2003-04
34,013,449
(1,000,000)
11,016,667
232,000
0
0
44,262,116
(184,000)
(4,761,870)
(29,407,983)
0
(15,998,225) (23,307,185) (34,353,853)
$ 43,678,469 $ 33,013,449 $ 9,908,263
(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.
However, because of the current nature of funding for these projects and the cash flow
implications, the project expenditures have been estimated over multiple fiscal years.
EXHIBIT "A"
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2003 - September 30, 2004 Estimated
Actual Actual Proposed
Budget Detail FY01-02 FY02-03 FY03-04
Revenue and Other Sources
Sales Tax Proceeds $10,012,966 $11,251,670 $11,016,667
Interest Income 754,753 569,263 232,000
Loan/Bond Proceeds 15,000,000 -
Transfers In - Outside - 784,341
Proceeds - Sale of Assets 36,891
Total Revenue $25,767,719 $12,642,166 $11,248,667
Operations Expenditures
Administration Costs
Contractual Services $9,650 $10,132 $11,026
Insurance 900 900 544
Supplies, Training, Transportation, Misc. 775 850 925
Total Administration Costs 11,325 11,882 12,495
Legal Services
Contractual Services 15,104 13,550 14,745
Legal Notices 75 2,000 2,176
Total Legal Services 15,179 15,550 16,921
Financial Services
Contractual Services
Audit Fees
Total Financial Services
Engineering Services
Contractual Services
Total Engineering Services
Total Operations Expenditures
31,032 29,250
2,640
31,032 31,890
107,848 111,083
107,848 111,083
31,830
2,873
34,703
119,881
119,881
165,384 170,405 184,000
Debt Service
Principal and Interest -Revenue Bonds 1,344,229 2,194,135 2,289,120
Principal and Interest-S.I.B. Loan 2,140,237 2,565,910 2,470,750
Financing Fees 610 610 2,000
Total Debt Service 3,485,075 4,760,655 4,761,870
Transportation Capital Projects Expenditures
Greenlawn Extension 177,579 196,812
IH35 Turnarounds 5,000 316,731
Traffic Signal Coordination 77,758 -
South Mays St. Extension 1,120,818 446,471 411,752
U.S. Highway 79 from 1460 to CR 195 926,272 57,788 4,008,180
Arterial A 190,872 87,773 336,805
A.W. Grimes/Arterial B 7,148,010 2,539,657 5,892,562
U.S. Highway 79 Improvements 5,013 327,816 -
Greenlawn Interchange - - -
FM 1460 512,153 16,012 71,835
Arterial C 320,000
Prime Consulting 500 48,173 -
SH 45 680,335 12,604,335 -
Forest Creek/Double Creek 838,084 499,577 3,948,837
CR 113/Kiphen Road 204,181 805,921 2,381,012
Traffic Signals 52,926 94,871 611,077
SH130 Traffic Model - 0 -
Transportation Consulting 16,822
Regional Mobility Study 50,000 25,000 -
Road Consulting - 113,537 43,816
Hestees Crossing Bridge Replacement - 36,225 6,463,775
1-35 Modifications 36,751 81,668 4,918,332
Hagler Bailly Study 0 -
Project Cost Retainage Payable 333,850 -
Bond Issuance Costs 48,600
Total Capital Projects Expenditures
12,347,766 18,376,125 29,407,983
Transfers (Reimburse City for IH35 Turnarounds) -
Total Expenditures
exceUtrans_budget 04.xls
$15,998,225 $23,307,185 $34,353,853
EXHIBIT "A"
DATE: November 7, 2003
SUBJECT: City Council Meeting - November 13, 2003
ITEM: 11.D.2. Consider a resolution approving and adopting the Operating
Budget for the Round Rock Transportation System Development
Corporation for Fiscal Year 2003-2004.
Resource: David Kautz, Assistant City Manager/Chief Financial Officer
Cindy Demers, Finance Director
History:
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
of providing transportation improvements. The Corporation
oversees those improvements with the further approval of the City
Council.
Funding:
Cost: Outlined in the attached budget
Source of Funds: 1/2% Sales Tax for Transportation Improvements
Outside Resources: N/A
Impact/Benefit: Transportation Improvements
Public Comment: The Round Rock Transportation System Development Corporation
will hold a meeting on this date regarding the proposed Operating
Budget for the Round Rock Transportation System Development
Corporation for FY 2003-04.
Sponsor: Finance Department