4B-R-13-02 - 5/23/2013 RESOLUTION NO. 13-02
WHEREAS, the Round Rock Transportation and Economic Development Corporation has
previously adopted the 2012-2013 Operating Budget, and
WHEREAS, the Round Rock Transportation and Economic Development Corporation wishes
to amend said Budget,Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION,
That the amended 2012-13 Round Rock Transportation and Economic Development
Corporation Operating Budget, attached hereto as Exhibit "A", is hereby approved.
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 23rd day of May, 2013.
B
Y: 0�
4 ...../.-----
ALAN MCGRAW, President
Round Rock Transportation and Economic
Development Corporation
ATTEESSjT:
4/4,t .
\A j 1Z V , Secretary
O:\wdox\SCClnts\01 12\1304\MUNIC IPAL\00274527DOC/rmc
City of Round Rock EXHIBIT
Round Rock Transportation System
Operating,Construction and Debt Service Budget II All
October 1,2012-September 30,2013 [
Budget Revision#2
Original Budget Revised Budget#1 Revised Budget#2 Revision#2
Budget Summary FY 12-13 FY 12-13 FY 12-13 Variance
10/01 Beginning Fund Balance $ 45,065,579 $ 45,065,579 $ 45,065,579 $ 0
Less Reserve for Working Capital(1) (1,000,000) (1,000,000) (1,000,000) 0
Estimated Operating Revenue-
Sales Tax 15,000,000 15,000,000 15,000,000 0
Interest and Other 78,000 78,000 78,000 0
Rental Income 0 0 396,200 396,200
Total Funds Available $ 59,143,579 $ 59,143,579 $ 59,539,779 $ 396,200
Budgeted Expenditures-
Administration&Project Management $ (232,000) $ (232,000) $ (232,000) $ 0
Capital Expenditures (500,000) (500,000) (500,000) 0
Economic Development (516,000) (711,750) (711,750) 0
Property Expenditures 0 0 (142,100) (142,100)
Landlord Expenditures 0 0 (11,700) (11,700)
Debt Service (6,581,122) (6,581,122) (6,581,122) 0
Construction-TCIP(2) (37,635,560) (37,635,560) (37,635,560) 0
Total Expenditures $ (45,464,682) $ (45,660,432) $ (45,814,232) $ (153,800)
09/30 Estimated Unreserved Fund Balance $ 13,678,897 $ 13,483,147 $ 13,725,547 $ 242,400
(1)Working Capital established at$1,000,000 ,
(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.
Expenditures shown include estimated FY 2012-2013 project costs.