R-11-09-22-11B1 - 9/22/2011 RESOLUTION NO. R-11-09-22-11B1
WHEREAS, the Round Rock Transportation System Development Corporation has submitted
a proposed operating budget for fiscal year 2011-2012, and
WHEREAS, the City Council wishes to approve said proposal,Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the operating budget submitted by and for the Round Rock Transportation System
Development Corporation 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 5 51, Texas Government Code, as amended.
RESOLVED this 22nd day of September, 2011.
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
46M
SARA L. WHITE, City Secretary
O:\wdox\SCC1nts\0112\1 104MUNICIPAU00232670DOC/rmc
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2011 - September 30, 2012
Actual Estimated Proposed
r r r r
Budget summary FY 09-10 FY 10-11 FY 11-12
10/01 Beginning Fund Balance $ 5012491471 $ 5311351809 $ 5716861139
Less Reserve for Working Capital( ) (11000,000) (11000,000) (17000,000)
Estimated Operating Revenue-
Sales Tax 15,406,285 13,500,000 14,366,750
Interest and Other 170097221 31573,278 1067000
Loan Proceeds 0 517187248 0
Total Funds Available 65,664,977 7419271334 711158,889
Budgeted Expenditures-
Administration & Project Management (190,000) (1907000) (190,000)
Debt Service (61825,000) (61817,470) (61739,971)
Construction -TCIP(2) 61514,168) (11,233,725) (33,715,686)
Total Expenditures (13,529,168) (18,241,195) (40,645,657)
09/30 Estimated Unreserved Fund Balance $ 521135,809 $ 5676861139 $ 307513,233
Working Capital ital established at $1,000,000
(2) The Transportation Capital Improvement ProJects JCIP) areproject-oriented rather than
period-oriented and for this reason are not intended to be bound by annual budget control.
Expenditures shown include estimated FY 2011-2012 project costs.
EXHIBIT
"A"
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2011 -September 30, 2012
Actual Estimated Proposed
Budget Detail FY 09-10 FY 10-11 FY 11-12
Revenue and Other Sources %, I
Sales Tax Proceeds 15,406,285 131500,000 $ 14,366,750
Interest Income&Other 11009,221 3,573,278 106,000
Loan/Bond Proceeds 0 5,718,248 0
Total Revenue 16,415,506 22,791,526 14,472,750
Operations Expenditures
Administration Costs
Insurance 500 500 .500
Supplies,Training,Transportation, Misc. 1,000 1,000 1,000
Total Administration Costs 1,500 1,500 1,500
Legal Services
Contractual Services 14,200 14,200 14,200
Total Legal Services 14,200 14,200 14,200
Financial Services
Contractual Services 34,500 34,500 34,500
Total Financial Services 34,500 34,500 34,500
Engineering Services
Contractual Services 139,800 139,800 139,800
Total Engineering Services 139,800 139,800 139,800
Total Operations Expenditures 190,000 190,000 190,000
Debt Service
Principal Retirement 4,251,116 4,714,878 4,872,184
Interest Expense 2,572,974 210871297 1,866,787
Paying Agent Fees 910 300 1,000
Refunding Escrow and Related 0 14,995 0
Total Debt Service 6,825,000 6,817,470 6,739,971
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget(cont)
October 1, 2011 -September 30, 2012
Actual Actual Proposed
Budget Detail FY 09-10 FY 10-11 FY 11-12
Transportation Capital Projects Expenditures P
1.
Arterial B-AW Grimes Blvd. 121360 0 0
Arterial A-Kenny Fort Blvd. 2211490 1,802,731 2013271033
Arterial C 3401476 0 0
FM 1460-AW Grimes North (409,594) 21,815 0
CR 113/Kiphen Road/Old Settlers Blvd. 5291639 306,131 0
Traffic Signals 9811481 6647586 9441741
Road Consulting 1671799 1361867 310,071
Wyoming Springs Drive 212601986 669,051 0
Arterial M-North Mays Extension 501,993 2,320,015 0
Arterial M-3 97706 0 0
Arterial M-4 21500 0 0
Red Bud Lane Phase 4 8531202 510,641 0
South Mays at Gattis School Road 1451258 1341276 379,634
FM 3406 169,197 288,277 7521231
RM620 at Union Pacific Railroad 128 105,015 0
SW Downtown Main St. Project#1 107,825 3,655 110881520
SW Downtown Main St. Project#2,3&7 2311548 3,470,713 1,4111729
SW Downtown Main St. Project#4&5 234,608 3921784 0
Chisholm Trail Phase 3 0 0 500,000
2011 Major Maintenance Program 0 1,600 111011727
Arterial Improvement Program 0 0 5001000
Railroad Quiet Zones 0 13,567 0
Doublecreek 0 392,001 0
0 0 0
IH35 Ramp Reversal and Frontage Roads 0 0 1,000,000
Creekbend Blvd. 0 0 0
Signal Coordination 0 0 200,000
Right Turn Pockets 0 0 600,000
Chisholm Trail Road 0 0 3,440,000
Mays Street 0 0 0
SW Downtown 0 0 360,000
La Frontera Streets 0 0 200,000
Pavement Management-Seal Coat 0 0 500,000
Retainage Adjustment 1531566 0 0
Total Capital Projects Expenditures 6,514,168 11,233,725 332715,686
Total Expenditures $ 13,529,168 $ 18,2419195 $ 4096459657
RWNDRQC.K,TE � City Council Agenda Summary Sheet
PURPOSE.PASSION.PR(}SPERITI'
Agenda Item No. 1161.
Consider a resolution approving the Operating Budget for the Round Rock Transportation
Agenda Caption: System Development Corporation for FY 2011-2012.
Meeting Date: September 22,2011
Department: Finance
Staff Person making presentation: Cheryl Delaney
Finance Director
Item Summary:
The Round Rock Transportation System Development Corporation budget is funded from a 1/2% sales tax
established for the purposes of providing transportation improvements. In August of 1997, voters authorized the
adoption of an additional sales and use tax within the City at the rate of one-half of one percent, with the proceeds
thereof to be used for streets, roads, drainage and other related transportation system improvements, including the
payment of maintenance and operating expenses associated with such authorized projects. The additional sales and
use tax became effective January 1, 1998.
This budget will provide funding for debt service and administrative, financial, legal and engineering services to the
Transportation System Development Corporation.The Round Rock Transportation System Development Corporation
will hold a meeting on this date regarding the proposed Operating Budget for the Round Rock Transportation
System Development Corporation for FY 2011-2012. The Corporation oversees those improvements with the
further approval of the City Council.
Cost: N/A
Source of Funds: 2011-2012 Round Rock Transportation System Development Corportaion
Date of Public Hearing(if required): N/A
Recommended Action: Approval