R-13-09-12-H3 - 9/12/2013RESOLUTION NO. R -13-09-12-H3
A RESOLUTION ADOPTING A BUDGET FOR THE SPORTS VENUE FUND
FOR THE 2013-2014 FISCAL YEAR.
WHEREAS, Pursuant to the authority granted by Chapter 334, the City Council adopted
Resolution No. R -11-05-26-11B4 designating the proposed Sports Complex as a Venue Project and the
method of financing to be used to fund the project; and
WHEREAS, in a Special Election held in November 2011 the voters approved the use of
additional taxes to reimburse or pay the costs of planning, acquiring, establishing, developing,
constructing, renovating, operating, or maintaining the project, or paying the principle and interest on,
or other costs relating to bonds or obligations to finance the project; and
WHEREAS, the Finance Department has submitted a proposed budget for the Sports Venue
Fund for fiscal year 2013-2014; and
WHEREAS, the City Council wishes to approve said proposed budget, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the budget for the Sports Venue Fund submitted by the Finance Department 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 12th day of September, 2013.
0112.1304;00281692
M4-------"
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
SARA L. WHITE, City Clerk
City of Round Rock
Sports Venue (Hotel Occupancy Tax Fund #715)
2013-14 Proposed Budget
EXHIBIT
1
DESCRIPTION OF ITEM
2011-12 2012-13
Actual Revised
Budget
2013-14
Proposed
Budget
Revenues
Hotel -Motel Occupancy Tax (2%)
Interest Income
Event Revenues
Transfer received
Total Revenues
Expenditures
$ 508,046 $ 850,000 $ 867,000
107 5,000 2,500
0 0 706,000
0 0 590,000
508,153 855,000 2,165,500
Sports Venue Operations
Personnel 0 165,600 761,708
Contractual Services 0 104,400 690,605
Materials & Supplies 0 65,600 206,717
Other Services & Charges 0 7,500 81,327
Capital Outlay 0 104,800 50,088
Total Sports Venue Operations 0 447,900 1,790,445
Debt Service
Transfer to Debt Svc. Fund at Trustee Bank
Total Debt Service
Total Expenditures
FY 12 was the first year for this fund.
0
0
592,000 365,500
592,000 365,500
$ 0 $ 1,039,900 $ 2,155,945
ROUND ROCK, TEXAS
PURPOSE PUS10tt PPOSPERRY
City of Round Rock
Agenda Item Summary
Agenda Number: H.3
Title: Consider a resolution adopting the FY 2013-2014 Sports Venue Budget.
Type: Resolution
Governing Body: City Council
Agenda Date: 9/12/2013
Dept Director: Cheryl Delaney, Finance Director
Cost:
Indexes:
Attachments: Resolution, Exhibit A
Text of Legislative File 13-698
Item Summary:
In May 2011, City Council adopted a resolution designating the proposed Sports Complex
as a Venue Project. A Special Election was called in November 2011 submitting to voters
an additional 2% hotel occupancy tax to fund the project. Voters approved the additional
tax and collections began in March 2012. The Sports Complex will focus on youth events
and expand the City's "Sports Capital of Texas" tourism program.
The 2013-14 Sports Venue budget provides revenues associated with the collection of the
2% Hotel Occupancy Tax and local events. These revenues will provide funding to operate
and maintain the Round Rock Sports Center. This budget also includes funding for 5
additional FTEs and costs related to these positions. In addition, this budget includes costs
related to the startup of operations in FY14.
Cost: NA
Source of Funds: NA
Action:
Staff recommends approval.
City of Round Rock Page 1 Printed on 9/10/2013