TB-2024-006 - 7/25/2024 RESOLUTION NO.TB-2024-006
RESOLUTION ADOPTING THE 2024-2025
OPERATING BUDGET FOR THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION
WHEREAS, the Board of Directors of the Round Rock Transportation and Economic
Development Corporation wishes to adopt an operating budget for fiscal year 2024-2025 in accordance
with the attached proposal,Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION,
That the operating budget for fiscal year 2024-2025 be adopted as set forth in Exhibit "A"
attached hereto and incorporated herein for all purposes.
The Board of Directors 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 25th day of July, 2024.
RENB FLORES, Preside
Round Rock Transportation and Economic
Development Corporation
ATTEST:
RICK VILLARRE L, Secretary
0112.20242;4867-2711-6496
EXHIBIT
Round Rock Transportation and Economic Development Corporation
5-Year Funds Allocation Plan 2025 - 2029
Beginning Balance - Funds Available 10/1/2024 153,722,800
5-Year Revenue Forecast
Sales Tax 164,154,700
Transportation CO Bonds 112,000,000
Contributions/Other 58,180,600
Total 5-Year Revenue Forecast 334,335,300
Fund Reserve (1,000,000)
Total 5-Year Funds Available 487,058,100
5-Year Transportation Projects
TCIP Programmed (includes pending TCIP amendment) 242,731,400
Other:Traffic Signals Maintenance, Admin, etc. 12,648,100
Debt Payments 22,712,000
5-Year Fund Programmed 278,091,500
Transportation Planned Projects 149,293,300
Total 5-Year Transportation Need 427,384,800
5-Year Economic Development Projects
Chamber Contract 4,781,800
Downtown Improvements & Marketing 10,101,000
Committed Economic Incentive (EIP) Payments 26,628,300
5-Year Fund Programmed 41,511,100
Economic Development Planned Projects 17,500,000
Total 5-Year Economic Development Need 59,011,100
Total 5-Year Expenditure Forecast 486,395,900
Net available to be allocated at end of 5-years 662,200
This allocation plan will be updated at least annually.