R-09-01-22-9B1 - 1/22/2009RESOLUTION NO. R -09-01-22-9B1
WHEREAS, the Round Rock Transportation System Development
Corporation has submitted a proposed operating budget for fiscal
year 2008-2009, 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 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 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,
RESOLVED this 22nd day of January, 2009.
ALAN MCGRAW, Mayor
City of Round Rock, Texas
SARA L. WHITE, City Secretary
0:\WDOX\RESOLOTI\rrtsdc\R90122B1.DOC/rmc
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2008 - September 30, 2009
Budget Summary
10/01 Beginning Fund Balance
Less Reserve for Working Capital (1)
Estimated Operating Revenue -
Sales Tax
Interest and Other
Federal Reimbursement
Loan Proceeds
Transfers In
Total Funds Available
Budgeted Expenditures -
Administration & Project Management
Debt Service
Construction - TCIP (2)
Total Expenditures
09/30 Estimated Unreserved Fund Balance
(1) Working Capital established at $1,000,000
Actual
FY 06-07
Actual Proposed
FY 07-08 FY 08-09
$ 44,742,861 $
(1,000,000)
17,247,023
2,818,148
1,153,320
0
318,194
65,279, 546
(184,500)
(9,211,549)
(12,766,071)
44,117,426 $ 51,164, 746
(1,000,000) (1,000,000)
17,032,415 16,341,667
2,562,873 1,863,000
0 0
16,798,622 0
0 0
79, 511, 336
(190,500)
(5,282,560)
(23,873,530)
68,369,413
(190,000)
(6,827,000)
(35,760,953)
(22,162,120) (29,346,590) (42,777,953)
$ 43,117,426 $ 50,164,746 $ 25,591,460
(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 annual budget control.
Expenditures shown include estimated FY 2008-2009 project costs.
EXHIBIT
5 if An
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2008 - September 30, 2009
Budget Detail
Revenue and Other Sources
Sales Tax Proceeds $ 17,247,023 $ 17,032,415 $ 16,341,667
Interest Income & Other 2,818,148 2,562,873 1,863,000
Loan/Bond Proceeds 0 16,798,622 0
Federal Reimbursement 1,153,320 0 0
Transfers In - Outside 318,194 0 0
Total Revenue 21,536,685 36,393,910 18,204,667
Actual Actual Proposed
FY 06-07 FY 07-08 FY 08-09
Operations Expenditures
Administration Costs
Contractual Services 17,026 17,800 17,800
Insurance 500 500 500
Supplies, Training, Transportation, Misc. 927 1,000 1,000
Total Administration Costs 18,453 19,300 19,300
Legal Services
Contractual Services 11,472 14,700 12,000
Legal Notices 0 0 2,200
Total Legal Services 11,472 14,700 14,200
Financial Services
Contractual Services
Total Financial Services
Engineering Services
Contractual Services
Total Engineering Services
Total Operations Expenditures184,500
34,700
34,700
119,875
119,875
34,500 34,500
34,500 34,500
122,000 122,000
122,000 122,000
190,500 190,000
Debt Service
Principal Retirement 7,022,246 3,280,091 4,267,000
Interest Expense 2,188,193 2,001,560 2,559,000
Paying Agent Fees 1,110 909 1,000
Total Debt Service 9,211,549 5,282,560 6,827,000
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2008 - September 30, 2009
Budget Detail
Transportation Capital Projects Expenditures
Traffic Light Signal Coordination 0 23,905 708
A.W. Grimes/Arterial B 3,235,983 423,403 774,734
Arterial A 287,608 39,493 14,764,886
U.S. Highway 79 from 1460 to CR 195 335,668 118,974 2,015,151
SH 45 (1,190,710) 0 0
FM 1460 0 47,145 2,342,855
CR 113/Kiphen Road 3,465,981 4,341,091 3,660,472
Traffic Signals 73,725 372,552 2,478,247
Road Consulting 90,301 37,064 378,673
Hester's Crossing Bridge Replacement 1,521,401 13,642,338 1,469,306
1-35 Modifications 106,873 835,436 972,894
CR 122 Phase 1 and 2 521,718 0 0
County Road 122 (Red Bud) Phase 3 3,392,346 187,387 0
Wyoming Springs Drive 0 208,232 4,999,768
Arterial M -North Mays Extension 0 222,876 1,903,259
Oakmont Drive 600 1,637,701 0
Teravista 0 1,249,500 0
Arterial T -Seton Parkway 619,477 571,915 0
Loan Issuance Costs 9,500 0 0
Retainage Adjustment 295,601 (85,482)
Total Capital Projects Expenditures 12,766,072 23,873,530 35,760,953
Actual Actual Proposed
FY 06-07 FY 07-08 FY 08-09
Total Expenditures $ 22,162,121 $ 29,346,590 $ 42,777,953
DATE: January 15, 2009
SUBJECT: City Council Meeting—January 22, 2009
ITEM: 9B1. Consider a resolution approving the Operating Budget for the Round Rock
Transportation System Development Corporation for FY 2008-2009.
Department:
Staff Person:
Justification:
Finance
Cheryl Delaney, Finance Director
This budget will provide funding for debt service and administrative, financial, legal and
engineering services to the Transportation System Development Corporation.
Funding:
Cost: N/A
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 of providing transportation improvements. The Corporation oversees those
improvements with the further approval of the City Council.
Public Comment: N/A