R-12-06 t
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RESOLUTION NO. 12-06
RESOLUTION ADOPTING THE 2012-2013
OPERATING BUDGET FOR THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION
WHEREAS, the Board of Directors of the Round Rock Transportation and Economic
Development Corporation wishes to adopt an operating budget for fiscal year 2012-2013 in accordance #
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with the attached proposal, Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK F
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION,
That the operating budget for fiscal year 2012-2013 be adopted as set forth in Exhibit "A"
attached hereto and incorporated herein for all purposes.
The Board of Directors 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, E'
Chapter 551, Texas Government Code, as amended.
RESOLVED this 23rd day of August, 2012.
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By: BIZ
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Round Rock Transportation and Economic
Development Corporation vl °l
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ATTEST•
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5 , Secretary
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City of Round Rock »
Round Rock Transportation & Economic Development Corporation
Operating, Construction and Debt Service Budget
October 1, 2012 -September 30, 2013
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Actual Estimated Proposed
Budget Summary FY 10-11 FY 11-12 FY 12-13
10/01 Beginning Fund Balance $ 53,135,809 $ 56,362,275 $ 45,065,579
Less Reserve for Working Capital(') (1,000,000) (1,000,000) (1,000,000) a
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Estimated Operating Revenue-
Sales Tax 15,653,338 14,366,750 15,000,000
Interest and Other 3,109,508 3,299,224 78,000
Federal Reimbursement 0 0 0
Loan Proceeds 16,368,248 0 0
Transfers In 582,999 126,672 0
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Total Funds Available $ 87,849,902 $ 73,154,921 $ 59,143,579
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Budgeted Expenditures-
Administration&Project Management $ (190,000) $ (190,000) $ (232,000) r
Capital Expenditures 0 0 (500,000)
Economic Development 0 (225,000) (516,000)
Debt Service (23,185,717) (6,739,971) (6,581,122)
Construction-TCIP(Z) (9,111,910) (21,934,371) (37,635,560)
Total Expenditures $ (32,487,627) $ (29,089,342) $ (45,464,682)
09/30 Estimated Unreserved Fund Balance $ 55,362,275 $ 44,065,579 $ 13,678,897
(1) Working Capital established at$1,000,000
(2) The Transportation Capital Improvement Projects (TCIP)are project-oriented rather than
period-oriented and for this reason are not intended to be bound by annual budget control.
Expenditures shown include estimated FY 2012-2013 project costs.
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City of Round Rock
Round Rock Transportation&Economic Development Corporation
Operating,Construction and Debt Service Budget
October 1,2012-September 30,2013
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Actual Estimated Proposed
Budget Detail FY 10-11 FY 11-12 FY 12-13
Revenue and Other Sources
Sales Tax Proceeds $ 15,653,338 $ 14,366,750 $ 15,000,000
Interest Income&Other 3,109,508 3,299,224 78,000 k
Loan/Bond Proceeds 16,368,248 0 0
Transfers In-Outside 582,999 126,672 0
Total Revenue $ 35,714,093 $ 17,792,646 $ 15,078,000
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Operations Expenditures
Administration Costs
Contractual Services $ 17,800 $ 17,800 $ 28,700
Insurance 500 500 500
Supplies,Training,Transportation,Misc. 1,000 1,000 1,000
Total Administration Costs 19,300 19,300 30,200
Legal Services
Contractual Services 14,200 14,200 14,200
Total Legal Services 14,200 14,200 14,200
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Financial Services
Contractual Services 34,500 34,500 34,000
Total Financial Services 34,500 34,500 34,000 e
Engineering Services
Contractual Services 122,000 122,000 153,600 '
Total Engineering Services 122,000 122,000 153,600 '
Total Operations Expenditures $ 190,000 $ 190,000 $ 232,000
Capital Expenditures
Traffic Signals $ 0 $ 0 $ 500,000
Total Capital Expenditures $ 0 $ 0 $ 500,000
Economic Development
Chamber of Commerce $ 0 $ 225,000 $ 516,000
Total Economic Development $ 0 $ 225,000 $ 516,000
Debt Service
Principal Retirement $ 4,714,878 $ 4,872,184 $ 5,171,347
Interest Expense 2,134,440 1,866,787 1,408,775
Paying Agent Fees 300 1,000 1,000
Refunding Escrow and Related 16,336,099 0 0
Total Debt Service $ 23,185,717 $ 6,739,971 $ 6,581,122
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City of Round Rock
Round Rock Transportation&Economic Development Corporation
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Operating,Construction and Debt Service Budget(cont)
October 1,2012-September 30,2013 f
Actual Estimated Proposed
Budget Detail FY 10-11 FY 11-12 FY 12-13
Transportation Capital Projects Expenditures
Arterial A-Kenny Fort Blvd. $ 1,910,920 $ 10,881,292 $ 9,055,884
Arterial C 149 0 0
FM 1460-AW Grimes North 23,245 181,190 0
CR 113/Kiphen Road/Old Settlers Blvd. 5,550 300,581 0
Traffic Signals 478,228 717,152 1,538,279 a
Road Consulting 24,024 232,856 0 t
Wyoming Springs Drive 482,633 186,418 0
Arterial M-North Mays Extension 2,230,191 22,769 0
Red Bud Lane Phase 4
339,851 16 0
South Mays at Gattis School Road 137,813 248,441 750,000
FM 3406
45,845 198,679 1,363,255
RM620 at Union Pacific Railroad 208,682 230,096 1,883,938
SW Downtown Main St.Project#2,3&7 3,029,744 1,928,344 0
SW Downtown-Round Rock Ave 97,455 0 0 4
SW Downtown-Main Street 3,655 0 0 p
Chisholm Trail Phase 3 0 662,276 2,637,724
2011 Major Maintenance Program 1,600 1,298,547 178,181
2012-2017 Major Maintenance Program 0 176,442 1,849,244
Arterial Improvement Program 40,779 355,633 1,703,588
Doublecreek Drive 21,760 392,001 0
Railroad Quiet Zones 13,567 0 0
IH35 Ramp Reversal and Frontage Roads 0 382,100 617,900
Creekbend Blvd. 0 0 250,000
Chisholm Trail Road 0 0 5,100,000
0 460,990 824,506
Mays Street
SW Downtown Phase 4 0 1,101,689 4,741,677
La Frontera Streets 0 1,710,192 1,656,551
FM1460 from Georgetown to University 0 250,000 106,500
Traffic Management Center 0 16,667 333,333
Arterial Sidewalks 0 0 300,000
0 0 500,000
Major Bridge Maintenance
Median on University from IH35 to Sunrise 0 0 550,000
US79 from IH35 to Grimes-Engineering and ROW 0 0 200,000
Seton Parkway 0 0 695,000
Cypress Blvd.Realignment 0 0 800,000
Retainage Adjustment 16,219 0 0
Total Capital Projects Expenditures $ 9,111,910 $ 21,934,371 $ 37,635,560
Total Expenditures $ 32,487,627 $ 29,089,342 $ 45,464,682