R-00-10-12-10B1 - 10/12/2000RESOLUTION NO. R- 00- 10- 12 -10B1
WHEREAS, the Round Rock Transportation System Development
Corporation has submitted a proposed operating budget for fiscal
year 2000 -2001, and
WHEREAS, the City Council wishes to approve said proposal,
Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the operating budget submitted by and for the Round Rock
Transportation System Development Corporation for fiscal year 2000-
2001, 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, and the Act.
ATTEST:
RESOLVED this 12th day of 0
(Poi ALJL'
JO's E LAND, City Secretary
R:\ WPDOCS \RESOLUTI \R01012R1.WPD /sc
2000.
RO A. STLUKA, A., Mayor
City of Round Rock, Texas
City of Round Rock
Round Rock Transportation System
Proposed Operating and Construction Budget
October 1, 2000 - September 30, 2001
Budget Summary
10/01 Beginning Fund Balance ( *1)
Less Reserve for Working Capital ( *2)
123 /trans0l
Operating Revenue
Sales Tax 6,722,247 8,380,752 9,332,806
Interest 274,457 300,000 275,000
Transfers In 0 3,100,000 0
Loan Proceeds 0 16,000,000 0
Total Funds Available
09/30 Estimated Unreserved Fund Balance
*1 Cash balance in FY 1999 -00 excludes funds from County for CR113 and SH45
*2 Working Capital established at $650,000 (cumulative total)
Estimated
Actual Actual Proposed
FY 1998 -99 FY 1999 -00 FY 2000 -01
$2,220,339 $4,245,915 $16,597,558
(550,000) 0 0
8,667,043 32,026,667 26,205,364
Budgeted Expenditures:
Administration & Project Management (128,973) (137,300) (158,850)
Debt Service 0 (75,000) (1,565,081)
Construction and Maintenance ( *3) (4,292,155) (15,216,809) (28,094,062)
Transfers Out 0 0 (3,100,000)
4,245,915 16,597,558 (6,712,629)
*3 The Transportation Capital Improvement Projects (TCIP) are project - oriented rather than period - oriented
and for this reason are not intended to be bound by formal budget control. However, because of the current
nature of funding for these projects and the cash flow implications, the project expenditures have been
estimated over multiple fiscal years.
City of Round Rock
Round Rock Transportation System
Proposed Operating and Construction Budget
October 1, 2000 - September 30, 2001
Actual Revised Proposed
Budget Detail FY98-99 FY99 -00 FY00 -01
Revenue and Other Sources
Sales Tax Proceeds $6,722,247 $6,913,333 59,332,806
Interest income 274,457 300,000 275,000
Transfer In from 1997 Certificates of Obligation - 3,100,000 0
Total Revenue 56,996,704 510,313,333 59,607,806
Operations Expenditures
Administration Costs
Contractual Services
Insurance
Supplies, Training, Transportation, Misc.
Total Administration Costs
Legal Services
Contractual Services
Legal Notices
Total Legal Services
Financial Services
Contractual Services
Audit Fees
Total Financial Services
Engineering Services
Contractual Services
Total Engineering Services
Debt Service
Principal and Interest
Financing Fees
Total Debt Service
Total Operations Expenditures
erce0trans0l
58,400
8,400
13,185 12,000
1,500 1,800
14,685 13,800
24,300
24,300
81,588
81,588
0
$8,836 $9,278
770 847
894 835
10,500 10,980
12,600
1,890
14,490
26,000 27,300
2,000 2,400
28,000 29,700
85,000 103,700
85,000 103,700
1,500,081
75,000 65,000
75,000 1,565,081
128,973 212,300 1,723,931
Transportation Capital Projects Expenditures
Greenlawn Extension 1,479,334 1,684,674 -
IH35 Turnarounds 177,462 2,784,008 270,880
Traffic Signal Coordination - 13,250 86,750
South Mays SL Extension 949,989 457450 2,052,561
U.S. Highway 79 Improvements 1,596,432 566,884 386,884
Arterial A 11,363 2,633 636,004
Arterial 8 77,575 258,596 5,237,287
R.R. Ave/Union Pacific Railroad (FM 620) - - 1,250,000
FM 1480 -0Id Settlers to CR195 42,514 4,357,486
Greenlawn Interchange - -
FM 1460 - 360,000
Arterial C - 800,000
Prime Consulting 67,000 33,000
SH 45 - 9,000,000 8,000.000
Hagler -Baily Study 350,000
Forest CreekfDoubte Creek 10,000 2,244,958
CR 113 - 2,050,000
Traffic Signals 300,000
SH130 Traffic Model 28,252
Total Capital Projects Expenditures 4,292,155 15,216,809 28,094,062
Transfers Out (reimburse City for Transfer from 97 Cos) 3,100,000
Total Expenditures 4,421,128 15,429,109 32,917,993
DATE: October 4, 2000
SUBJECT: City Council Meeting — October 12, 2000
ITEM: 10.B.1. Consider a resolution approving the 2000 -2001 Operating Budget
for the Round Rock Transportation System Development
Corporation. The budget provides funding for debt service and
administrative, financial, legal and engineering services to the
Corporation. The budget is funded from a'' /x% sales tax established
for the purpose of providing transportation improvements. The
Round Rock Transportation System Development Corporation
oversees those improvements with the further approval of the City
Council. Staff Resource Person: David Kautz, Finance Director.
The cashflow presentation on the attached exhibit anticipates that a minimum of $7 million
will need to be borrowed to fund construction projects over the course of the fiscal year.
Financing alternatives, which may be considered, include borrowing funds from the State
Infrastructure Bank, issuing revenue bonds or issuing certificates of obligation. Borrowed
funds would be repaid by the sales tax collected for transportation improvements.