G-10-10-14-8B3 - 10/14/2010ORDINANCE NO. 600'10 44 -2 '3
AN ORDINANCE ADOPTING A BUDGET FOR THE PARKS
IMPROVEMENT AND ACQUISITION ACCOUNT FOR THE
2010-2011 FISCAL YEAR.
WHEREAS, in §1.1711 of the Round Rock Code of Ordinances, 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 2010-2011, and
WHEREAS, the City Council wishes to approve said proposal, Now Therefore
BE IT ORDAINED BY THE CITY 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 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.
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READ and APPROVED on first reading this the Q,�7- day of
'/, N4I1,4,Y , 2010.
READ, APPROVED and ADOPTED on second reading this the 11-111 day of
ATTEST:
, 2010.
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SARA L. WHITE, City Secretary
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ALAN MCGRAW, Mayor
City of Round Rock, Texas
2
City of Round Rock
Parks Improvement & Acquisition Fund #520
2010-2011 Proposed Budget
Description of Item
09-10 09-10 10-11
Approved Estimated Proposed
Budget Actual Budget
Estimated Fund Balance 10/1/10
Less: Ball field Reserves
$156,540 $156,540 $161,864
(15,546) (15,546) (16,186)
140,994 140,994 145,677
REVENUES:
Sports League Fees 7,000 6,120 7,000
Interest Income 7,500 1,385 1,500
Donations/Contributions - Developers 336,123 20,834 427,150
Field Enhancements 0 13,365 0
Total Revenues
350,623
41,704 435,650
Total Funds Available 491,617 182,698 581,327
EXPENDITURES:
Parkland Development
Parkland Development 336,123 20,834 427,150
Total Expenditures 336,123 20,834 427,150
Estimated Unreserved Fund Balance 9/30/10 $155,494 $161,864 $154,177
EXHIBIT
„A„
ROUND ROCK, TEXAS
PURPOSE. PASSION. PROSPERITY
Agenda Item No. *8B3.
City Council Agenda Summary Sheet
Consider an ordinance adopting the 2010 — 2011 Parks Improvement and Acquisition
Agenda Caption: Fund Budget. (Second Reading)
Meeting Date: October 14, 2010
Department: Finance
Staff Person making presentation: Cheryl Delaney
Finance Director
Item Summary:
This fund accounts for specific revenues generated from parks and recreation related activities.
This fund accounts for the collection and expenditure of fees from two specific parks and recreation related sources:
sports league teams fees used for the improvement of facilities; and park development fees collected from
developers of subdivisions who choose to provide cash in lieu of designating parkland. These funds are restricted
based on guidelines provided in the subdivision ordinance. This fund also accounts for any specific donations the
City may receive related to Parks improvements.
Strategic Plan Relevance:
8.0— Maintain and enhance public confidence, satisfaction and trust in City Government
Cost:
Source of Funds:
N/A
N/A
Date of Public Hearing (if required): N/A
Recommended Action: Approval