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G-11-10-06-10C2 - 10/6/2011ORDINANCE NO. 44E- E 0-06,- AN O-OG' AN ORDINANCE ADOPTING A BUDGET FOR THE LIBRARY FUND FOR THE 2011-2012 FISCAL YEAR. WHEREAS, the Library Fund was created to purchase various library materials with donations from library patrons; and WHEREAS, the City Council wishes to adopt a budget for fiscal year 2011-2012, Now Therefore BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: That a budget for fiscal year 2011-2012 for the Library Fund is hereby approved and adopted in accordance with 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 2l day of S READ, APPROVED and ADOPTED on second reading this the 641" day of O , 2011. 2011. ALAN MCGRAW, Mayor City of Round Rock, Texas SARA L. WHITE, City Secretary O:\wdo x\SCC lnts\0112\ 1104\MUNICI PAL\002 32662 DOC/rmc City of Round Rock Library Fund #800 2011-2012 Proposed Budget DESCRIPTION OF ITEM 10-11 10-11 11-12 Approved Estimated Proposed Budget Actual Budget Estimated Fund Balance 10/1/11 Less: Departmental Reserves REVENUES: Interest Income Library Donations Total Revenues Total Funds Available $11,175 (1,175) $11,176 (1,118) $11,238 (1,124) 10,000 10,058 10,114 50 3 0 350 60 500 400 63 500 10,400 10,121 10,614 EXPENDITURES: Fiction collection 0 0 4,500 Non-fiction collection 0 0 1,500 Total Expenditures 0 0 6,000 Estimated Unreserved Fund Balance 9/30/12 $10,400 $10,121 $4,614 City Council Agenda Summary Sheet Agenda Item No. *10C2. Agenda Caption: Consider an ordinance adopting the FY 2011-2012 Library 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 donations by patrons of the library for various books and videos to be purchased and housed in the Library. Funds allocated for this budget will be used to purchase to ebooks for the library. This will be the second year for the ebook program and these purchases will enable the growth of the program. This budget includes funding to purchase approximately 300-400 ebooks. Patrons are able to download these items to their electronic readers. The titles are available to the patron for a period of two weeks. Cost: Source of Funds: Date of Public Hearing (if required): N/A Recommended Action: Approval