R-13-08-08-G9 - 8/8/2013RESOLUTION NO. R -13-08-08-G9
WHEREAS, the Round Rock Transportation and Economic Development Corporation has
submitted a proposed operating budget for fiscal year 2013-2014, 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 and Economic
Development Corporation for fiscal year 2013-2014, 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 8th day of August, 2013.
ALAN MCGRAW,1V1-ayor
City of Round Rock, Texas
ATTEST:
SARA L. WHITE, City Clerk
0112.1304;00279190
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2013 - September 30, 2014
Budget Summary
EXHIBIT
Actual Revised Proposed
FY 11-12 FY 12-13 FY 13-14
10/01 Beginning Fund Balance $ 56,362,273 $ 54,209,243 $ 26,247,744
Less Reserve (1) (1,000,000)
Estimated Operating Revenue -
Sales Tax
Interest and Other
Rental Income
Federal Reimbursement
Transfers In
15,826,479
5,330,022
600,000
126,672
(1,000,000) (2,800,000)
16,100,000 15,300,000
3,255,681 1,080,000
396,200 271,000
0 0
0 0
Total Funds Available $ 77,245,446 $ 72,961,124 $ 40,098,744
Budgeted Expenditures -
Administration & Project Management $ (190,000) $ (232,000) $ (266,000)
Capital Expenditures 0 (500,000) 0
Economic Development (225,000) (711,750) (575,000)
Property Expenditures 0 (142,100) (170,000).
Landlord Expenditures 0 (11,700) (25,100)
Debt Service (6,564,184) (6,581,122) (6,593,435)
Construction - TCIP (2) (17,057,019) (38,968,708) (27,669,711)
Transfers Out
Total Expenditures $
Prior Period Adjustment $
09/30 Estimated Unreserved Fund Balance (3)
0
(24,036,203) $
0 0
(47,147,380) $ (35,299,246)
0 $ (566,000) $ (566,000)
53.209.243 $
(1) Reserve established for Working Capital and Debt Service.
(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.
(3) Funds are designated for capital improvement programs.
25.247.744 $ 4.233.4,94
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2013 - September 30, 2014
Budget Detail
Revenue and Other Sources
Sales Tax Proceeds
Interest Income 8 Other
Rental Income
Total Revenue
Operations Expenditures
Administration Costs
Contractual Services
Insurance
Supplies, Training, Transportation, Misc.
Total Administration Costs
Legal Services
Contractual Services
Total Legal Services
Financial Services
Contractual Services
Total Financial Services
$
Actual Revised Proposed
FY 11-12 FY 12-13 FY 13-14
15,826,479 $ 16,100,000 $ 15,300,000
5,330,022 3,255,681 1,080,000
0 396,200 271,000
21,756,501 $ 19,751,881 $ 16,651,000
17,800 $ 28,700 $ 30,500
500 500 500
1,000 1,000 1,000
19,300 30,200 32,000
14,200 14,200
14,200 14,200
34,500 34,000
34,500 34,000
16,000
16,000
44,000
44,000
Engineering Services
Contractual Services 122,000 153,600 174,000
Total Engineering Services 122,000 153,600 174,000
Total Operations Expenditures $ 190,000 $ 232,000 $ 266,000
Capital Expenditures
Traffic Signals $ 0 $ 500,000 $ 0
Total Capital Expenditures $ 0 $ 500,000 $ 0
Economic Development
Chamber of Commerce $ 225,000 $ 516,000 $ 500,000
Eco DevAgreement 0 195,750 75,000
Total Economic Development $ 225,000 $ 711,750 $ 575,000
Commons Property
Property Expenditures $ 0 $ 142,100 $ 170,000
Landlord Expenditures 0 11,700 25,100
Total Commons Property $ 0 $ 153,800 $ 195,100
Debt Service
Principal Retirement $ 5,076,698 $ 5,171,347 $ 5,313,257
Interest Expense 1,509,232 1,408,775 1,279,178
Paying Agent Fees 800 1,000 1,000
Refunding Escrow and Related (22,546) 0 0
Total Debt Service $ 6,564,184 $ 6,581,122 $ 6,593,435
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget (cont)
October 1, 2013 - September 30, 2014
Actual Revised Proposed
Budget Detail FY 11-12 FY 12-13 FY 13-14
Transportation Capital Proiects Expenditures
Arterial A- Kenny Fort Blvd. $ 8,360,890 $ 10,076,287 $ 0
Traffic Signals 591,132 1,199, 992 564,307
Road Consulting 87,971 224,885 0
South Mays at Gattis School Road 73,231 750,000 0
Gattis School Road Widening 0 200,000 300,000
FM 3406 181,320 385,500 127,843
RM620 at Union Pacific Railroad 234,270 4,996,289 5,310,631
Southwest Downtown 2, 3, 7 1,601,897 3,099 0
Chisholm Trail Phase 3 573,377 2,385,034 1,641,589
2011 Major Maintenance Program 912,774 583,603 0
2012-2017 Major Maintenance Program 238,451 4,419,683 2,852,800
Arterial Improvement Program 391,426 1,387,395 455,610
IH35 Ramp Reversal and Frontage Roads 550,514 524,703 1,540,000
Creekbend Blvd. 0 400,000 3,800,000
Chisholm Trail Road 0 4,423,918 676,082
Mays Street 419,234 1,096,650 594,116
SW Downtown Phase 4 883,467 2,482,305 6,736,633
La Frontera Streets 1,929,819 1,770,210 0
FM1460 from Georgetown to University 17,646 338,854 0
Traffic Management Center 9,600 340,400 0
Arterial Sidewalks 0 142,824 157,177
Major Bridge Maintenance 0 200,000 0
Median on University from IH35 to Sunrise 0 309,077 240,923
Seton Parkway 0 178,000 1,822,000
Cypress Blvd. Realignment 0 150,000 850,000
Total Capital Projects Expenditures $ 17,057,019 $ 38,968,708 $ 27,669,711
Prior Period Adjustment
$ 0 $ 566,000 $ 566,000
Total Expenditures $ 24,036,203 $ 47,713,380 $ 35,865,246
ROUND ROCK, TEXAS
PURPOSE. FAZIO?' RROSman
City of Round Rock
Agenda Item Summary
Agenda Number: G.9
Title: Consider a resolution approving the Operating Budget for the Round Rock
Transportation and Economic Development Corporation for FY2013-2014.
Type: Resolution
Governing Body: City Council
Agenda Date: 8/8/2013
Dept Director: Cheryl Delaney, Finance Director
Cost:
Indexes:
Attachments: Resolution, Exhibit A
Text of Legislative File 13-578
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. In November,
2011, voters authorized the Type B sales tax to be used for other economic development
purposes as allowed by state law. This budget includes funding for economic development
activities through the Chamber of Commerce. 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
2013-2014. The Corporation oversees those improvements with the further approval of the
City Council.
Staff recommends approval
City of Round Rock Page 1 Printed on 8/5/2013