R-2014-1872 - 10/9/2014 RESOLUTION NO. R-2014-1872
WHEREAS, in §26-25 of the Round Rock Code of Ordinances (2010 Edition), the City
Council established the Parks Improvement and Acquisition Account in which to deposit
donations earmarked for park improvements, in addition to payment of cash in lieu of land from
developers and subdivisions; and
WHEREAS, expenditures from the Parks Improvement and Acquisition Account are to
be used exclusively for improvement of existing and future parks and for the acquisition of land
for future parks; and
WHEREAS, the Parks and Recreation Department has submitted a proposed budget for
the Parks Improvement and Acquisition Account for fiscal year 2014-2015; 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 budget for the Parks Improvement and Acquisition Account submitted by the
Parks and Recreation Department for fiscal year 2014-2015, 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, Chapter 551, Texas Government Code, as amended.
0112.1404;00312246
RESOLVED this 9th day of October, 2014.
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
01 • I/ f !,
'
SARA L. WHITE, City Clerk
2
EXHIBIT
City of Round Rock uAn
Parks Improvement& Acquisition Fund #520
2014-2015 Budget
11-12 13-14 14-15
Approved Estimated Proposed
Description of Item Budget Actual Budget
Estimated Fund Balance 10/1/14 $ 219,060 $ 289,197 $ 301,372
Less: Ball field Reserves (21,906) (28,920) (30,137)
197,154 260,277 271,235
REVENUES:
Sports League Fees 7,000 5,400 6,000
Interest Income 645 75 100
Donations/Contributions - Developers 597,696 0 90,467
Field Enhancements - McNeil Park 0 6,700 8,000
Total Revenues 605,341 12,175 104,567
Total Funds Available 802,495 272,452 375,802
EXPENDITURES:
Parkland Development
Parkland Development 597,696 0 90,467
Total Expenditures 597,696 0 90,467
Estimated Unreserved Fund Balance 9/30/15 $ 204,799 $ 272,452 $ 285,335
Note No No oudget was adopted for FY 14