G-08-06-12-9A1 - 6/12/2008ORDINANCE NO. -Qom i 2- .
AN ORDINANCE ADOPTING A BUDGET FOR THE FOREST
CREEK GOLF COURSE FOR FISCAL YEAR 2007-2008.
WHEREAS, CCA Silband/Golfcorp/Round Rock, Inc.
("Operator") has submitted a proposed capital budget for the
Forest Creek Golf Course for Fiscal Year 2007-2008, and
WHEREAS, the City Council wishes to approve said capital
budget, Now Therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND
ROCK, TEXAS:
That the capital budget for the Forest Creek Golf Course
submitted by Operator for Fiscal Year 2007-2008, 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 Ordinance was adopted was posted and that ,such
meeting was open to the public as required by law at all times
during which this Ordinance 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. JJ
READ and APPROVED on first reading this the V7 .day of
NALatj , 2008.
READ, APPROVED and ADOPTED on second
1 day of (i(Vai , 20
ATTEST:
SARA L. WHITE, City Secretary
0:\WDOX\ORDINANC\080522A1.DOC/rmc
reading this the
ALAN MCGRAW, Mayor
City of Round Rock, Texas
City of Round Rock
Forest Creek Golf Club
2007-2008 Proposed Capital Budget
DESCRIPTION OF ITEM
06-07 06-07 07-08
Approved Actual Proposed
Budget Budget
Estimated Fund Balance 10/01/07
Less: Departmental Reserves
Unreserved Fund Balance
REVENUES:
Gross Receipts (@ 3%)
Interest
Total Revenues
Total Funds Available
$28,366 $28,366
(5,000) (5,000)
$54,224
(5,000)
23,366 23,366 49,224
46,000 48,675 50,000
1,800 9,070 4,500
47,800 57,745 54,500
60,492 81,111 103,724
EXPENDITURES:
Golf Course Equipment & Machinery 45,000 31,887 46,000
Vehicles 15,000 0 0
Total Expenditures 60,000 31,887 46,000
Estimated Unreserved Fund Balance 9/30/08
$11,166 $49,224 $57,724
EXHIBIT
nAn
Forest Creek Golf Club
FY 2007-2008 Capital Outlay Request
Priority
Number
Item Description
Justification
Expected
Date of
Amount Purchase
Replacement
or New Item
1 Speed Pass Topdresser
2 Triplex Mower
3 Tractor 35 HP PTO
Capital Outlay Request Total
Improve greens maintenance $ 11,000 May 08
Replacement of old equipment 20,000 July 08
Improve attachment efficiency 15,000 July 08
EXHIBIT
$ 46,000
Replacement
Replacement
New
DATE: June 4, 2008
SUBJECT: City Council Meeting—June 12, 2008
ITEM: *9A1. Consider an ordinance approving and adopting the Forest Creek Golf
Course Capital Budget for FY 2007-2008. (Second Reading)
Department:
Staff Person:
Justification:
Finance
Cindy Demers, Finance Director
To maintain and improve the Forest Creek Golf Course, preserve the asset and keep it
competitive with other courses.
Funding:
Cost: N/A
Source of funds: N/A
Outside Resources: N/A
Background Information:
The City owns Forest Creek Golf course and has contracted with CCA Silband/ GolfCorp/Round
Rock Inc. (On -Course Strategies) to manage and operate the course. As part of the agreement,
the operator prepares a capital budget for capital improvements and equipment. The budget is
funded by 3% of gross fees generated by the course and submitted to the City on a monthly
basis. The course has always been self-supporting and no tax money or general revenues have
been required to operate the course or to pay debt service.
Public Comment: N/A