R-14-02-27-I4 - 2/27/2014RESOLUTION NO. R -14-02-27-I4
WHEREAS, the City Council has previously adopted the 2013-2014 Round Rock
Transportation and Economic Development Corporation Operating Budget, and
WHEREAS, the City Council wishes to amend said budget in accordance with the
attached proposal, Now Therefore
BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the 2013-2014 Round Rock Transportation and Economic Development
Corporation Operating Budget is amended as set forth 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 27th day of February, 2014.
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
SARA L. WHITE, City Clerk
0112.1404; 00293011
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2013 - September 30, 2014
Budget Summary
10/01 Beginning Fund Balance, as restated
Less Reserve ")
Estimated Operating Revenue -
Sales Tax
Interest and Other
Rental Income
EXHIBIT
I,A»
Actual Original Budget Revised Budget #1
FY 12-13 FY 13-14 FY 13-14
48,076,731 $ 26,247,744 $ 30,295,403
(1,000, 000) (2,800,000) (2,800,000)
16,554,112 15,300,000 15,300,000
56,587 1,080,000 1,080,000
413,025 271,000 271,000
Total Funds Available $ 64,100,455 $ 40,098,744 $ 44,146,403
Budgeted Expenditures -
Administration & Project Management $ (234,345) $ (266,000) $ (374,000)
Capital Expenditures (192,289) 0 (200,000)
Economic Development (711,750) (575,000) (575,000)
Property Expenditures (108,186) (170,000) (170,000)
Landlord Expenditures (27,360) (25,100) (25,100)
Debt Service (6,581,122) (6,593,435) (6,593,435)
Construction - TCIP (2) (26, 950,000) (27,669, 711) (27,669, 711)
Transfers Out 0 0 0
Total Expenditures $ (34,805,052) $ (35,299,246) $ (35,607,246)
Prior Period Adjustment $ $ (566,000) $
09/30 Estimated Unreserved Fund Balance (3) $ 29 295.403 $ 4.233.498 $ 8 539 157
(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.
(3) Funds are designated for capital improvement programs.
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2013 - September 30, 2014
Original Budget Revised Budget #1 Revision #1
Budget Detail FY 13-14 FY 13-14 Variance
Revenue and Other Sources
Sales Tax Proceeds $ 15,300,000 $ 15,300,000 $ 0
Interest Income & Other 1,080,000 1,080,000 0
Rental Income 271,000 271,000 0
Total Revenue $ 16,651,000 $ 32,026,000 $ 0
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
Engineering Services
Contractual Services
Total Engineering Services
30,500 $ 30,500 $ 0
500 500 0
1,000 1,000 0
32,000 32,000 0
16,000 16,000
16,000 16,000
44,000 44,000
44,000 44,000
174,000 174,000
174,000 174,000
Street Sweeping Services
Contractual Services 0 108,000
Total Street Sweeping Services 0 108,000
Total Operations Expenditures $ 266,000 $ 374,000 $
Capital Expenditures
Traffic Signals
Total Capital Expenditures
0 $ 200,000 $
0 $ 200,000 $
0
0
0
0
0
0
108,000
108,000
108,000
200,000
200,000
Economic Development
Chamber of Commerce $ 500,000 $ 500,000 $ 0
Eco Dev Agreement 75,000 75,000 0
Total Economic Development $ 575,000 $ 575,000 $ 0
Commons Property
Property Expenditures $ 170,000 $ 170,000 $ 0
Landlord Expenditures 25,100 25,100 0
Total Commons Property $ 195,100 $ 195,100 $ 0
Debt Service
Principal Retirement $ 5,313,257 $ 5,313,257 $ 0
Interest Expense 1,279,178 1,279,178 0
Paying Agent Fees 1,000 1,000 0
Refunding Escrow and Related 0 0 0
Total Debt Service $ 6,593,435 $ 6,593,435 $ 0
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget (cont)
October 1, 2013 - September 30, 2014
Original Budget Revised Budget #1 Revision #1
Budget Detail FY 13-14 FY 13-14 Variance
Transportation Capital Projects Expenditures
Arterial A- Kenny Fort Blvd. $ 0 $ 0 $ 0
Traffic Signals 564,307 564,307 0
Road Consulting 0 0 0
South Mays at Gattis School Road 0 0 0
Gattis School Road Widening 300,000 300,000 0
FM 3406 127,843 127,843 0
RM620 at Union Pacific Railroad 5,310,631 5,310,631 0
Southwest Downtown 2, 3, 7 0 0 0
Chisholm Trail Phase 3 1,641,589 1,641,589 0
2011 Major Maintenance Program 0 0 0
2012-2017 Major Maintenance Program 2,852,800 2,852,800 0
Arterial Improvement Program 455,610 455,610 0
IH35 Ramp Reversal and Frontage Roads 1,540,000 0 0
Creekbend Blvd. 3,800,000 3,800,000 0
Chisholm Trail Road 676,082 676,082 0
Mays Street 594,116 594,116 0
SW Downtown Phase 4 6,736,633 6,736,633 0
La Frontera Streets 0 0 0
FM1460 from Georgetown to University 0 0 0
Traffic Management Center 0 0 0
Arterial Sidewalks 157,177 157,177 0
Major Bridge Maintenance 0 0 0
Median on University from IH35 to Sunrise 240,923 240,923 0
Seton Parkway 1,822,000 1,822,000 0
Cypress Blvd. Realignment 850,000 850,000
Total Capital Projects Expenditures $ 27,669,711 $ 27,669,711 $ 0
Prior Period Adjustment $ 566,000 $ $ (566,000)
Total Expenditures $ 35,865,246 $ 35,607,246 $ (258,000)