R-12-09-27-G7 - 9/27/2012 E
x
RESOLUTION NO. R-12-09-27-G7
A RESOLUTION ADOPTING A BUDGET FOR THE FOREST CREEK
GOLF COURSE FOR FISCAL YEAR 2012-2013.
WHEREAS, CCA Silband/Golfcorp/Round Rock, Inc. ("Operator") has submitted a 4
proposed capital budget for the Forest Creek Golf Course for Fiscal Year 2012-2013; and
WHEREAS, the City Council wishes to approve said capital budget, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
f
TEXAS,
s
f
That the capital budget for the Forest Creek Golf Course submitted by Operator for Fiscal
s
Year 2012-2013, attached hereto as Exhibit"A", is hereby approved.
1
The City Council hereby finds and declares that written notice of the date, hour, place
s
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
t
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.
Y
t
c
ALAN MCGRAW, Mayor
City of Round Rock, Texas {
{
ATTEST:
{
SARA L. WHITE, City Clerk
O:\wdox\SCC I nts\0112\1204\MUNICIP AL\00258405.DOC/rmc
{
R
EXHIBIT
City of Round Rock x`A"
Forest Creek Golf Course
2012-2013 Proposed Budget
11-12 11-12 12-13l
4
i
i
ApprovedProposed
E
DESCRIPTION OFITENI Budgel Actuals Budget
Estimated Fund Balance 10/01/12 $ 67,559 $ 69,094 $ 119,194
Less: Departmental Reserves (6,756) (6,909) (11,919)
Unreserved Fund Balance $ 60,803 $ 62,185 $ 107,275
i
REVENUES:
Gross Receipts(@ 3%) $ 50,000 $ 50,000 $ 54,000
Interest 75 100 75
Total Revenues $ 50,075 $ 50,100 $ 54,075
Total Funds Available $ 110,878 $ 112,285 $ 161,350
EXPENDITURES:
Golf Course Equipment&Machinery $ 75,000 $ 0 $ 79,000
Total Expenditures $ 75,000 $ 0 $ 79,000
G
F
Estimated Unreserved Find Balance 9/30/13 $ 35,878 $ 112,285 $ 82,350
k
4
E
F
L
t
Y
4
k
S
E
t
3
Forest Creek Golf Club
FY 2012-2013 Capital Outlay Request
i
i
Expected
PriorityDate of Replacement or
Number Item Description Justification Amount Purchase New Item
1 Cart Barn Facia Replacement Badly Needed Repair $ 2,500 Winter 12 Replacement
2 Fairway Mower Replace Old Unit 32,000 Spring 13 Replacement
3 Greensmower Replace Old Unit 24,000 Spring 13 Replacement
4 Irrigation Head Replacement Replace Aging Heads 7,500 Winter 12 Replacement
5 Cart Path Replacement Replace Broken Areas 3,500 Winter 12 Replacement K
6 Front Entrance Enhancements Install New Signage 3,500 Winter 12 Improvement
7 Utility Vehicle Replace Old Unit 6,000 Spring 13 Replacement
Sub Total $ 79,000
Contingency -
Capital Outlay Request Total $ 79,000
f
{pp
l-
f
E
2
f
}
t
{
k
B
7
S
z
k
'f ROUND ROCK,TEXAS City Council Agenda Summary Sheet
ROUND 7ROCK,TEXAS
PURPOSE PASSION.PROSPERITY.
i
Agenda Item No. G7.
Agenda Caption: Consider a resolution adopting the FY 2012-2013 Forest Creek Golf Course Budget.
Meeting Date: September 27, 2012
Department: Finance
Staff Person making presentation: Cheryl Delaney
z
Finance Director
s
Item Summary:
k
The City owns Forest Creek Golf Course and has contracted with CCA Silband/GolfCorp/Round Rock Inc. (On-Course
Strategies)to manage and operate the course. The current contract term is from May 2010 to April 2014. As part of #
the agreement, the operator prepares a capital budget for capital improvements and equipment. The budget is
funded by 3% of gross fees generated by the course and submitted to the City on a monthly basis. The course has
always been self-supporting and no tax money or general revenues have been required to operate the course or to x
pay debt service.
The items included in this budget are to maintain and improve the Forest Creek Golf Course, preserve the asset, and
keep it competitive with other courses. The expenses in this budget include capital improvements and replacement
of capital equipment for the golf course.
I
i=
Cost: Budget adoption only
r
Recommended Action: Approval
i