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R-12-09-27-G10 - 9/27/2012 RESOLUTION NO. R-12-09-27-G10 A RESOLUTION ADOPTING THE BUDGET FOR THE TREE FUND FOR THE 2012-2013 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 2012-2013; and WHEREAS, the City Council wishes to approve said budget,Now Therefore BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS, That the Tree Fund budget submitted by the Parks and Recreation Department for fiscal year 2012-2013, 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 27th day of September, 2012. L7 rv, f' ALAN MCGRAW, Mayor City of Round Rock, Texas ATTEST: SARA L. WHITE, City Clerk 0.4dox\SCCInts\0I 12\1204\MUNICIPAL\00255419.DOC/rmc EXHIBIT City of Round Rock uA» Tree Replacement Fund#610 3 2012-2013 Proposed Budget 11-12 11-12 12-13s Approved . .. DESCRIPTIONOF Fund Balance 10/1/12 $542,586 $542,779 $259,434 { Less: Departmental Reserves _ (54,259) (54,278) (25,943) _ 488,327 488,501 233,491 REVENUES: r Tree replacement fees 50,000 0 25,000 Donations/Contributions 500 6,080 500 Interest Income 340 375 340 Total Revenues 50,840 6,455 25,840 Total Funds Available 539,167 494,956 259,331 EXPENDITURES: u Tree Planting 486,700 289,800 227,000 Sub Total 486,700 289,800 227,000 Total Expenditures 486,700 289,800 227,000 Estimated Unreserved Fund Balance 9/30/13 $52,467 $205,156 $32,331 I l Y t r {t } k 8 r g a ROUNDROCK,TEXAS City Council Agenda Summary Sheet PURPOSE.PASSION.PROSPERITY. d' Agenda Item No. G10. Agenda Caption: Consider a resolution adopting the FY 2012-2013 Tree Fund Budget. Meeting Date: September 27, 2012 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 t' 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 430 trees on public properties throughout the City. k 2 g r: Cost: Budget adoption only Recommended Action: Approval a i F