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G-10-10-14-8B2 - 10/14/2010ORDINANCE NO. (1 -LO -10-14-- (Jrs2.. AN ORDINANCE ADOPTING THE BUDGET FOR THE TREE FUND FOR THE 2010-2011 FISCAL YEAR. WHEREAS, in §3.116 of the Round Rock Code of Ordinances (1995 Edition) the City Council established the Tree Fund to be used solely for the purpose of purchasing and installing trees on public rights-of-way, public parks land or any other city -owned property, and for administering the Tree Fund, and WHEREAS, the Parks and Recreation Department has submitted a proposed budget for the Tree Fund for fiscal year 2010-2011, and WHEREAS, the City Council wishes to approve said budget, Now Therefore BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: That the Tree Fund budget submitted by the Parks and Recreation Department for fiscal year 2010-2011, 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 Ordinance was adopted was posted and that such meeting was open to the public as required by law at all times 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 `2 J day of 2010. READ, APPROVED and ADOPTED on second reading this the I4-' day of a e we ,2010. O:\wdox\SCC1nts\0112\ 1005\MUNICIPAL\00202406.DOC/cmc ATTEST: &,144/ SARA L. WHITE, City Secretary L ALAN MCGRAW, Mayor City of Round Rock, Texas 2 City of Round Rock Tree Replacement Fund #610 2010-2011 Proposed Budget DESCRIPTION OF ITEM 09-10 09-10 10-11 Approved Estimated Proposed Budget Actuals Budget Fund Balance 10/1/10 Less: Departmental Reserves REVENUES: Tree replacement fees Donations/Contributions Interest Income Total Revenues Total Funds Available EXPENDITURES: Tree Planting Sub Total $574,093 $574,093 $512,524 (57,409) (57,409) (51,252) 516,684 516,684 461,271 50,000 72,400 50,000 500 4,900 500 20,000 740 750 70,500 78,040 51,250 587,184 594,724 512,521 315,870 315,870 82,200 410,000 82,200 410,000 Total Expenditures 315,870 82,200 410,000 Estimated Unreserved Fund Balance 9/30/11 $271,314 $512,524 $102,521 EXHIBIT „A„ ROUND ROCK, TEXAS PURPOSE. PASSION. PROSPERITY Agenda Item No. *862. City Council Agenda Summary Sheet Agenda Caption: Consider an ordinance adopting the 2010 — 2011 Tree Fund Budget. (Second Reading) Meeting Date: October 14, 2010 Department: Finance Staff Person making presentation: Cheryl Delaney Finance Director Item Summary: Funding will be used to plant approximately 600 trees on public properties throughout the City The Tree Fund was established to provide for mitigation of trees removed during the development process. Trees that cannot be replaced on site due to the limitation of planting space can be planted offsite on public land by paying into the tree fund. In addition, donations for public tree planting are also deposited in this fund. This budget allows available funds to be expended for the planting of trees in the parks and other city owned property. Strategic Plan Relevance: 8.0 — Maintain and enhance public confidence, satisfaction and trust in City Government Cost: N/A Source of Funds: N/A Date of Public Hearing (if required): N/A Recommended Action: Approval