R-13-08-08-G11 - 8/8/2013RESOLUTION NO. R -13-08-08-G11
WHEREAS, on December 20, 2012 the City Council approved the General Self -Financed
Construction 2013 Capital Spending Plan ("Plan"), and
WHEREAS, the City Council desires to revise said Plan, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the Plan is hereby revised as shown in Exhibit "A", attached hereto and incorporated
herein.
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.
ATTEST:
c 1/161
SARA L. WHITE, City Clerk
0112.1304;00279345
ty,
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ROUND ROCK TEXAS
PURPOSE FIISSIOft PROSPERRY.
City of Round Rock
General Self -Financed Construction
2013 Capital Spending Plan- Revision #2
EXHIBIT
„A„
1
FY 2013 Unallocated General Self- Financed Construction Total $ 1,462,118
Funding Sources
FY2012 Rabb House
Total Funding Sources
Bond funding utilized
$ 1,500,000
$ 1,500,000
Total Unallocated General Self -Financed Construction Available $ 2,962,118
Uses
Projects Recommended For Funding
State Audit
NIR Investments Economic Development Agreement
Total Projects Recommended for Funding
Total Unallocated Self -Financed Construction
$ 500,000
2,350,000
$ 2,850,000
112,118
City of Round Rock
Agenda Item Summary
Agenda Number: G.11
Title: Consider a resolution approving Amendment No. 2 to the FY2013 General
Self -Financed Construction Budget.
Type: Resolution
Governing Body: City Council
Agenda Date: 8/8/2013
Dept Director: Cheryl Delaney, Finance Director
Cost:
Indexes: General Self -Financed Construction
Attachments: Resolution, Exhibit A
Text of Legislative File 13-581
The General Self Financed Construction fund was created in 1999 and has funded over
$70M in projects. The City's financial strategy of cash funding for projects which the City
would normally issue debt has saved the taxpayers of Round Rock at least 12 cents on the
property tax rate by avoiding the issuance of debt. This strategy has reduced the need to
borrow funds while allowing the City to continue to keep up with the growing demand.
This General Self -Financed Construction spending plan revision will allocate approximately
$2.85 million in funding for the following: $500,000 payment to State Comptroller for sales
and use tax audit payment due in September and $2.35 million for the NIR investments
economic development agreement.
Staff recommends approval
City of Round Rock Page 1 Printed on 8/5/2013