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G-11-10-06-10C5 - 10/6/2011ORDINANCE NO. 4 -u -- ID AN ORDINANCE ADOPTING THE BUDGET FOR THE TREE FUND FOR THE 2011-2012 FISCAL YEAR. WHEREAS, in § 14-33 of the Round Rock Code of Ordinances (2010 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 2011-2012; 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 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. READ and APPROVED on first reading this the 22' day of cOe..vtd...e.-- , 2011. READ, APPROVED and ADOPTED on second reading this the io day of 001-6e/Y- ,2011. O:\wdox\SCCInts\0112\ 1104\MUNICIPAL\00232666.DOC/rmc City of Round Rock Tree Replacement Fund #610 2011-2012 Proposed Budget DESCRIPTION OF ITEM 10-11 10-11 11-12 Approved Estimated Proposed Budget Actuals Budget Fund Balance 10/1/11 Less: Departmental Reserves REVENUES: Tree replacement fees Donations/Contributions Interest Income Total Revenues $571,704 $571,705 $542,586 (51,252) (57,171) (54,259) 520,452 514,534 488,327 50,000 90,345 50,000 500 1,935 500 750 340 340 51,250 Total Funds Available 571,702 EXPENDITURES: 92,620 50,840 607,154 539,167 Tree Planting 410,000 121,739 486,700 Sub Total 410,000 121,739 486,700 Total Expenditures 410,000 121,739 486,700 Estimated Unreserved Fund Balance 9/30/12 $161,702 $485,415 $52,467 EXHIBIT „A„ AN MCGRAW, Mayor City of Round Rock, Texas ATTEST: SARA L. WHITE, City Secretary City Council Agenda Summary Sheet Agenda Item No. *1005. Agenda Caption: Consider an ordinance adopting the FY 2011-2012 Tree Fund Budget. (Second Reading) Meeting Date: October 6, 2011 Department: Finance Staff Person making presentation: Cheryl Delaney Finance Director Item Summary: 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. Funding will be used to plant approximately 560 trees on public properties throughout the City. Cost: Source of Funds: N/A N/A Date of Public Hearing (if required): N/A Recommended Action: Approval