G-08-11-13-11A1 - 11/13/2008ORDINANCE NO.
- -tl-13-fiAl
AN ORDINANCE ADOPTING A BUDGET FOR THE PARKS
IMPROVEMENT AND ACQUISITION ACCOUNT FOR THE
2008-2009 FISCAL YEAR.
WHEREAS, in §1.1711 of the Round
the City Council
Acquisition Account
Rock Code of Ordinances,
established the Parks Improvement and
in which to deposit donations earmarked for
park improvements, in addition to payment of cash
land from developers and subdivisions, and
WHEREAS, expenditures from the Parks Improvement and
in lieu of
Acquisition Account are to be used exclusively for
of existing and future parks and for the acquisition
future parks, and
WHEREAS, the Parks and Recreation Department has submitted
a proposed budget for the Parks Improvement and Acquisition
Account for fiscal year 2008-2009, and
WHEREAS, the City Council wishes to approve said proposal,
Now Therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND
ROCK, TEXAS:
That the budget for the Parks Improvement and Acquisition
Account submitted by the Parks and Recreation Department for
fiscal year 2008-2009, 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
improvement
of land for
which this
meeting was
Ordinance was adopted was posted and that such
open to the public as required by law at all times
0:\WDOX\ORDINANC\081023A3.DOC/rmc
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.
READ and APPROVED on first reading this the C.15 day of
, 2008.
READ, APPROVED and ADOPTED on second reading this the
day of Nror, 2008.
ATTEST:
SARA L. WHITE, City Secretary
ALAN MCGRAW, Mayor
City of Round Rock, Texas
2
City of Round Rock
Parks Improvement & Acquisition Fund #520
2008-2009 Proposed Budget
Description of Item
07-08
Approved
Budget
07-08
Estimated
Actual
08-09
Proposed
Budget
Estimated Fund Balance 10/1/08
Less: Ball field Reserves
REVENUES:
Sports League Fees
Interest Income
Donations/Contributions - Developers
Total Revenues
$99,269
(9,927)
89,342
7,500
20,000
293,050
320,550
$99,269
(9,927)
$134,449
(13,445)
89,342 121,004
6,820
28,360
35,072
7,000
27,000
406,132
70,252 440,132
Total Funds Available 409,892 159,594 561,136
EXPENDITURES:
Parkland Development
Parkland Development
Total Expenditures
Estimated Unreserved Fund Balance 9/30/09
293,050 35,072 406,132
293,050 35,072 406,132
$116,842 $124,522 $155,004
DATE: November 6, 2008
SUBJECT: City Council Meeting — November 13, 2008
ITEM: *11A1. Consider an ordinance adopting the Parks Improvement and Acquisition
Fund Budget for FY 2008 — 2009. (Second Reading)
Department: Finance
Staff Person: Cheryl Delaney, Assistant Finance Director
Rick Atkins, Parks and Recreation Director
Justification:
This fund accounts for specific revenues generated from parks and recreation related activities.
Funding:
Cost: N/A
Source of funds: N/A
Outside Resources: N/A
Background Information:
This fund accounts for the collection and expenditure of fees from two specific parks and
recreation related sources: sports league teams fees used for the improvement of facilities;
and, park development fees collected from developers of subdivisions who choose to provide
cash in lieu of designating parkland. These funds are restricted based on guidelines provided in
the subdivision ordinance. This fund also accounts for any specific donations the City may
receive related to Parks improvements.
Public Comment: N/A