R-09-12-03-8A1 - 12/3/2009RESOLUTION NO. R -09-12-03-8A1
WHEREAS, the City Staff and the City Council have studied and
assessed the needs of the City for certain capital projects, and
WHEREAS, the City Council desires to prioritize and fund these
needed capital projects from the Self -Financed Construction Fund,
Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the list of capital projects along with their estimated
costs as shown in Exhibit "A", attached hereto and incorporated
herein, are approved for funding from the General Self -Financed
Construction Fund.
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.
RESOLVED this 3rd day of December, 2009.
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
'71/1/1/1/L. IACAI°Jb
SARA L. WHITE, City Secretary
0:\wdox\SCC1nts\0112\0905\MUNICIPAL\R91203A1.DOC/rmc
City of Round Rock
General Self -Financed Construction
2010 Capital Spending Plan
Funding Sources
Financial Management Policy 2008
FY 2008 End of Year Transfer
Financial Management Policy 2009
FY 2009 End of Year Transfer
Total Funding Sources
Uses
$1,100,000
3,736,289
921,000
3,021,356
$8,778,645
Capital Outlay - General Fund $1,200,000
IT Infrastructure and Software 1,821,356
Fire Truck Equipment 29,745
All Abilities Park 200,000
Economic Development 300,000
Total Funding Uses $ 3,551,101
Unallocated $5,227,544
Total $ 8,778,645
EXHIBIT
DATE: November 24, 2009
SUBJECT: City Council Meeting — December 3, 2009
ITEM: 8A1. Consider a resolution approving the funding of certain capital projects from the
General Self -Financed Construction Fund.
Department:
Staff Person:
Justification:
Finance
Cheryl Delaney, Finance Director
This resolution approves a list of priority projects for the City's Self -financed Construction Fund — 2010
Capital Spending Plan. The funding sources for this plan are the FY 2009 budgeted and year-end
transfers from the General Fund included in the FY 2009 operating budget. As in previous years, this
process continues the City's financial strategy of allocating cash funding for projects for which the City
would normally issue debt. This strategy has reduced the need to borrow funds while allowing the City
to continue to keep up with the growth demand. Even though this strategy has been in place for over
10 years, since 1999, it has saved the taxpayers of Round Rock at least 10 cents on the property tax rate
by avoiding the issuance of debt.
Also included is a list of existing projects currently in progress and previously approved through prior
year capital spending plans. Since 1999, the City has funded over $49.2 million in projects.
Funding projects in this manner continues with the City's financial policies of strategically funding
priority projects with available cash while minimizing the need to issue additional debt.
Strategic Plan Relevance:
8.0 — Maintain and enhance public confidence, satisfaction and trust in City Government.
Funding:
Cost: N/A
Source of funds: General Self -Financed Construction
Outside Resources (if applicable):
N/A
Public Comment (if applicable):
N/A