G-11-07-14-10B2 - 7/14/2011ORDINANCE NO. 4.1.--.0-4--t4.-- wia
AN ORDINANCE AMENDING THE 2010-2011 PARKS IMPROVEMENT
AND ACQUISITION FUND BUDGET.
WHEREAS, the City Council has previously adopted a 2010-2011 Parks
Improvement and Acquisition Fund Budget, and
WHEREAS, the City Council wishes to amend said budget in accordance with
the attached proposal, Now Therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
That the 2010-2011 Parks Improvement and Acquisition Fund Budget is
amended as set forth in Exhibit "A" attached hereto and incorporated herein.
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 114day of
17i4vie. , 2011.
READ, APPROVED and ADOPTED on second reading this the
-::-1414) , 2011.
PI /1.-'s
ALATN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
L4tL. LLrZtf
SARA L. WHITE, City Secretary
O:\wdo x\S CC1nts\0112\1104\MUNICIPAL\0022485 5 . DOC
day of
City of Round Rock, Texas
Parks Improvement and Acquisition Fund Budget Revision #1
Fiscal Year 2010-2011
2010-2011 2010-2011
Original Revised
Revision #1
PARKS IMPROVEMENT AND
ACQUISITION FUND Budget Budget #1 Variance
Revenues $ 435,650 $ 575,110 $ 139,460
Expenditures (427,150) (566,610) (139,460)
Total Change in Fund Balance $ 8,500 $ 8,500 $
Parks Improvement and Acquisition Fund - Effect of the revision on fund balance:
Fund Balance 10/01/10 $ 189,180
Less Reserves (*1) (18,918)
Estimated Revenue (FY 2010-2011) 575,110
Interfund Transfers -
Total Funds Available 745,372
Budgeted Expenditures (566,610)
Estimated Unreserved Fund Balance 9/30/11 $ 178,762
* 1 Reserve requirements established in accordance with operating reserve policies.
EXHIBIT
«A„
City of Round Rock
Parks Improvement and Acquisition Fund #520
2010-2011 Revised Budget
DESCRIPTION OF ITEM
Estimated Beginning Fund Balance 9/30/10
Less Reserves
Beginning Unreserved Fund Balance
REVENUES:
Sports League Fees
Interest Income
Donations/Contributions - Developers
Total Revenues
Total Funds Available
EXPENDITURES:
Parkland Development
Parkland Development
Total Parkland Development
Total Expenditures
Estimated Unreserved Fund Balance 9/30/11
FY 10-11
Approved Budget
$ 189,180
(18, 918)
170,262
7,000
1,500
427,150
435,650
605,912
427,150
427,150
427,150
$ $178,762 $
FY 10-11
Revised Budget
$ 189,180
(18, 918)
170,262
7,000
1,500
566,610
575,110
745,372
566,610
566,610
566,610
178,762
City of Round Rock
Parks Improvement & Acquisition Fund Budget Revision Detail for Fiscal 2010-2011
Account Title
Explanation Amount
Parks Improvement and Acquisition Fund
Parkland Development
PARD Improvements
Funding Source for Rabb Park:
Preserve at Dyer Creek, Phase One $ 34,759
Assured Self Storage 4,187
Palm Creek Center 3,080
Palm Valley Market Center, Sec. 4 70,800
Preserve at Dyer Creek, Phase Two 17,475
A.W. Grimes Stoney Point Church 9,159
Total Change - Parks Improvement and Acquisition Fund $ 139,460
Parks Improvement and Acquisition Fund Revenue
Donations/Contributions - Developers 139,460
$ 139,460
ROUND ROCK, TEXAS
PURPOSE. PASSION. PROSPERITY.
Agenda Item No. *1062.
City Council Agenda Summary Sheet
Consider an ordinance amending the 2010-2011 Parks Improvement and Acquisition Fund
Agenda Caption: Budget. (Second Reading)
Meeting Date: July 14, 2011
Department: Finance
Staff Person making presentation: Cheryl Delaney
Finance Director
Item Summary:
This is a special revenue fund for 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 designated park land. The subdivision fees are restricted to a neighborhood park within the
boundaries of the addition or subdivision that generated the funds, or the applicable Park Zone, as designated by
the subdivision ordinance. This fund also accounts for any specific donations the City may receive related to parks
improvements.
The Approved 2010-11 Parks Improvement and Acquisition fund budget provided for $427,150 in expenditures.
Among the projects funded are the installation of park amenities and a hike & bike trail within Meadow Lake Park,
replacing the existing trail at Rock Hollow, improving the safety of Somerset Park and Settlement Park by replacing
the existing playground with one that meets current national playground safety standards, and adding/replacing site
amenities.
This amendment will be used to make improvements to Rabb Park in the amount of $139,460 and includes a new
park entry sign, automated security gate, new perimeter fence, site furnishings, and new electric service for the
proposed restroom building and Rabb House.
Strategic Plan Relevance:
8.0 Maintain and enhance public confidence, satisfaction and trust in City government
Cost: N/A
Source of Funds: Parks Improvement and Acquisition Fund
Date of Public Hearing (if required): N/A
Recommended Action: Approval