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R-11-10-06-11A3 - 10/6/2011RESOLUTION NO. R -11-10-6-11A3 WHEREAS, the City of Round Rock, Texas (the "City") is a participating and founding member of the Brushy Creek Regional Utility Authority, Inc., (the "BCRUA"), and WHEREAS, the BCRUA has submitted a proposed annual operating budget for Fiscal Year 2011-2012, and WHEREAS, the City Council wishes to approve said proposed budget, Now Therefore BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the annual operating budget submitted by and for the Brushy Creek Regional Utility Authority, Inc. 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 Resolution was adopted was posted and that such meeting was open to the public as required by law at all times during which this Resolution 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. RESOLVED this 6th day of October, 2011. ATTEST: 14Cokt- SARA L. WHITE, City Secretary O:\wdox\SCClnts\0112\ 1104\MUNICIPAL\00233739.DOCtrmc /t AMCGRAW, Mayor City of Round Rock, Texas v N co EXHIBIT "A" City Council Agenda Summary Sheet Agenda Item No. 11A3. Consider a resolution approving the proposed BCRUA Operating Budget for Fiscal Year Agenda Caption: 2011-2012. Meeting Date: October 6, 2011 Department: Finance Staff Person making presentation: Cheryl Delaney Finance Director Item Summary: The Cities of Round Rock, Cedar Park, and Leander have agreed to jointly pursue a Regional Water System that will ultimately provide an additional 105.8 million gallons per day (mgd) of potable water to meet future water demands of the Cities based on projected population growth. This proposed budget provides funding for BCRUA operating expenses for the fiscal year 2011-2012, ending September 30, 2012. Projected expenses include operating costs for the water plant expected to go on-line in spring 2012. These budgeted expenses are allocated to each city based in accordance with exhibit B of the system operating agreement. This budget does not include capital costs and is not funded from bond proceeds. Therefore, each City will contribute funding from their respective utility systems. The Operations Committee has reviewed and approved this budget. All three Cities are required to approve the Budget with their respective City Councils. Cost: N/A Source of Funds: N/A Date of Public Hearing (if required): N/A Recommended Action: Approval