G-11-10-06-10C1 - 10/6/2011ORDINANCE N04dt 'I)—( '- IIXI
AN ORDINANCE ADOPTING A BUDGET FOR THE PARKS
IMPROVEMENT AND ACQUISITION ACCOUNT FOR THE
2011-2012 FISCAL YEAR.
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 2011-2012; 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 2011-2012, 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.
O:\wdox\SCClnts\0112\1 104\MUNICIPAL\00232660.DOC/rmc
READ and APPROVED on first reading this the 21day of
SetkAA41.-— , 2011.
READ, APPROVED and ADOPTED on second reading this the 64/1 day of
, 2011.
ATTEST:
SARA L. WHITE, City Secretary
ALAN MCGRAW, Mayor
City of Round Rock, Texas
2
City of Round Rock
Parks Improvement & Acquisition Fund #520
2011-2012 Proposed Budget
Description of item
10-11
Approved
Budget
10-11
Revised
Budget
10-11
st mated
Actual
11-12
Proposed
Budget
Estimated Fund Balance 10/1/11
' Less: Ball field Reserves
REVENUES:
Sports League Fees
Interest Income
Donations/Contributions - Developers
Field Enhancements
Total Revenues
Total Funds Available
EXPENDITURES:
Parkland Development
Parkland Development
Total Expenditures
Estimated Unreserved Fund Balance 9/30/12
$189,180
(16,186)
172,994
7,000
1,500
427,150
0
435,650
608,644
$189,180 $189,180 $219,060
(18,918) "(18,918) (21,906) "
170,262 170,262197,154
7,000
1,500
566,610
0
5,357
645
4,150
24,685
7,000
645
597,696
0
575,110 34,837 605,341
745,372 205,099802,495
427,150 566,610 16,633 597,696
427,150 566,610 16,633 597,696
$181,494 $178,762 $188,466 $204,799
EXHIBIT
„A„
City Council Agenda Summary Sheet
Agenda Item No. *10C1.
Consider an ordinance adopting the FY 2011-2012 Parks Improvement and Acquisition
Agenda Caption: Fund Budget. (Second Reading)
Meeting Date: October 6, 2011
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.
Included in this budget is funding for improvements to Buck Egger Park, Sommerset Park, Settlement Park, Rock
Hollow Park, and Rabb Park.
Cost: N/A
Source of Funds: N/A
Date of Public Hearing (if required): N/A
Recommended Action: Approval