R-13-09-26-H5 - 9/26/2013RESOLUTION NO. R -13-09-26-H5
WHEREAS, CCA Silband/Golfcorp/Round Rock, Inc. ("Operator") has submitted a
proposed capital budget for the Forest Creek Golf Course for Fiscal Year 2013-2014; 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,
TEXAS,
That the capital budget for the Forest Creek Golf Course submitted by Operator 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 26th day of September, 2013.
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
SARA L. WHITE, City Clerk
0112.1304;00282487
City of Round Rock
Forest Creek Golf Course
2013-2014 Budget
EXHIBIT
"A'
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DESCRIPTION OF ITEM
12-13 12-13 13-14
Approved Estimated Proposed
Budget Actuals Budget
Estimated Fund Balance 10/01/13
Less: Departmental Reserves
Unreserved Fund Balance
$ 119,194 $ 117,550 $ 167,750
(11,919) (11,755) (16,775)
107,275 105,795 150,975
REVENUES:
Gross Receipts (@ 3%) 54,000 50,000 55,000
Interest 75 200 75
Total Revenues
Total Funds Available
54,075
161,350
50,200 55,075
155,995 206,050
EXPENDITURES:
Golf Course Equipment & Machinery 79,000 0 80,000
Total Expenditures 79,000 0 80,000
Estimated Unreserved Fund Balance 9/30/14 $ 82,350 $ 155,995 $ 126,050
Forest Creek Golf Club
FY 2013-2014 Capital Outlay Request
Priority
Number
Item Description
Justification
Expected
Amount Date of
Purchase
Replacement
or New Item
1 Cart Barn Garage Door
Replacement
2 Trim Mower
3 Greens mower
4 Irrigation Head Replacement
5 Cart Path Replacement
6 Front Entrance Signage
7 Utility Vehicle
Sub Total
Contingency
Capital Outlay Request Total
Badly Needed Repair
Replace Old Unit
Replace Old Unit
Replace Aging Heads
Replace Broken Areas
Install New Signage
Replace Old Unit
$ 4,500
24,000
24,000
7,500
3,500
3,500
9,000
$ 76,000
4,000
$ 80,000
Winter 13
Spring 14
Spring 14
Winter 13
Winter 13
Winter 13
Spring 14
Replacement
Replacement
Replacement
Replacement
Replacement
Improvement
Replacement
ROUND Roar. TEXAS
PURPOSE P1SIO0. POOSPnun
City of Round Rock
Agenda Item Summary
Agenda Number: H.5
Title: Consider a resolution approving the FY 2013-2014 Forest Creek Golf
Course Budget.
Type: Resolution
Governing Body: City Council
Agenda Date: 9/26/2013
Dept Director: Cheryl Delaney, Finance Director
Cost: $0.00
Indexes:
Attachments: Resolution, Exhibit A
Text of Legislative File 13-742
Item Summary:
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 2015. 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 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.
Cost: N/A
Source of Funds: N/A
Staff recommends approval.
City of Round Rock Page 1 Printed on 9/23/2013