R-09-11-12-10F1 - 11/12/2009RESOLUTION NO. R -09-11-12-10F1
WHEREAS, the Round Rock Transportation System Development
Corporation has submitted a proposed operating budget for fiscal
year 2009-2010, 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 2009-
2010, 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 12th day of November, 2009.
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
9/04A. ()Lem
SARA L. WHITE, City Secretary
0:\wdox\SCC1nts\0112\0905\MUNICIPAL\R91112F1.DOC/zmc
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2009 - September 30, 2010
Budget Summary
Actual Actual Proposed
FY 07-08 FY 08-09 FY 09-10
10/01 Beginning Fund Balance $ 45,373,176 $ 52,442,253 $ 48,512,559
Less Reserve for Working Capital (1)
(1,000,000)
(1,000,000) (1,000,000)
Estimated Operating Revenue -
Sales Tax 17,054,170 15,254,876 14,000,000
Interest and Other 2,562,874 1,174,723 690,000
Federal Reimbursement 0 0 0
Loan Proceeds 16,798,622 0 0
Transfers In 0 0 0
Total Funds Available 80,788,842
Budgeted Expenditures -
Administration & Project Management
Debt Service
Construction - TCIP (2)
Total Expenditures
(190, 500)
(5,282,560)
(23, 873, 529)
67,871,852 62,202,559
(190, 000)
(6,824,987)
(13,344,306)
(190, 000)
(6,827,000)
(46,097,666)
(29,346,589) (20,359,293) (53,114,666)
09/30 Estimated Unreserved Fund Balance $ 51,442,253 $ 47,512,559 $ 9,087,893
(1) Working Capital established at $1,000,000
(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
"An
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2009 - September 30, 2010
Actual Actual Proposed
Budget Detail FY 07-08 FY 08-09 FY 09-10
Revenue and Other Sources
Sales Tax Proceeds $ 17,054,170 $ 15,254,876 $ 14,000,000
Interest Income & Other 2,562,874 1,174,723 690,000
Loan/Bond Proceeds 16,798,622 0 0
Total Revenue
Operations Expenditures
36,415,666 16,429,599 14,690,000
Administration Costs
Contractual Services 17,800 17,800 17,800
Insurance 500 500 500
Supplies, Training, Transportation, Misc. 1,000 1,000 1,000
Total Administration Costs
19,300
19,300 19,300
Legal Services
Contractual Services 14,700 12,000 12,000
Legal Notices 0 2,200 2,200
Total Legal Services 14,700 14,200 14,200
Financial Services
Contractual Services
Total Financial Services
Engineering Services
Contractual Services
Total Engineering Services
Total Operations Expenditures
34,500
34,500
122,000
122,000
34,500 34,500
34,500 34,500
122,000 122,000
122,000 122,000
190,500 190,000 190,000
Debt Service
Principal Retirement 3,280,091 4,266,020 4,448,000
Interest Expense 2,001,560 2,558,058
Paying Agent Fees 2,378,000
909 909 1,000
Total Debt Service 5,282,560 6,824,987 6,827,000
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2009 - September 30, 2010
Actual Actual Proposed
Budget Detail FY 07-08 FY 08-09 FY 09-10
Transportation Capital Projects Expenditures
Traffic Light Signal Coordination 23,905 p
A.W. Grimes/Arterial B 0
423,193 397,221 0
Arterial A 39,493 1,262,499
U.S. Highway 79 from 1460 to CR 195 12,0,067
118,974 1,007,293 1,008,0678
FM 1460/A.W. Grimes North 47,145 5,514,235
CR 113/Kiphen Road 5,792,120
4,341,301 2,824,703 835,769
Arterial C 0 36,124
Traffic Signals 449,876
372,552 748,003 2,565,142
Road Consulting 37,064 13,936
Nesters Crossing Bridge Replacement 614,737
13,642,338 (239,399) 1,708,705
1-35 Modifications 835,436 282,594
County Road 122 (Red Bud) Phase 3 690,300
187, 387 0 0
Wyoming Springs Drive 208,232 856,296
Arterial M -North Mays Extension 5,335,472
Oakmont Drive 222,876 526,789 2,140,160
Teravista
ont 1,637,701 0 0
1,249,500 0 0
Arterial T -Seton Parkway 571,915 0
Red Bud Lane Phase 40
US 79 at North Mays 0 63,157 1,429,963
Arterial M-5 0 88,857 31,143
Arterial M-4 0 0 476
Cypress Cove Exptension 0 0 1,434,950
South Mays at Gattis School Road 0 0 499,68
1
Arterial L-2 0 63,460 243 168
Arterial M-3 0 0 243,000
FM 3406 0 0 375,000
A.W. Grimes Blvd. South 0 295 909,705
SW Downtown Main St. Project #1 0 0 350,000
0 0
SW Downtown Main St. Project #2, 3, & 7 0 46,0104,363,990
SW Downtown Main St. Project #4 & 5,627,392
Retainage Adjustment 0 336,608 4 627,392
(85,483) (484,375)
Total Capital Projects Expenditures 23,873,529 13,344,306 46,097,666
Total Expenditures $ 29,346,589 $ 20,359,293 $ 53,114,666
DATE: November 5, 2009
SUBJECT: City Council Meeting — November 12, 2009
ITEM: 10F1. Consider a resolution approving the Operating Budget for the Round Rock
Transportation System Development Corporation for FY 2009-2010.
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. The budget is funded from a 1/296 sales
tax established for the purposes of providing transportation improvements. The Corporation oversees
those improvements with the further approval of the City Council. 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 2009-2010.
Strategic Plan Relevance:
The FY 2009-2010 Operating Budget for the Round Rock Transportation System Development
Corporation aligns with the goals of the Mobility and Connectivity Strategic Initiative by developing
funding source mechanisms for mobility and connectivity construction and maintenance.
Funding:
Cost: N/A
Source of funds: 1/2 % Sales Tax for Transportation
Outside Resources (if applicable):
Public Comment (if applicable):