R-01-11-08-14F17 - 11/8/2001RESOLUTION NO. R- O1- 11- 08 -14F17
WHEREAS, the Round Rock Transportation System Development
Corporation has submitted a proposed operating budget for fiscal
year 2001 -2002, 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 2001-
2002, 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 8th day of Novei 001.
TEST:
R.Nouttortaii,
CHRISTINE R. MARTINEZ, City S retary
00MA\ W \O: \WDOX \RESOLUTI \ &11100F.17 /ec
RT A. STLUKA, . , Mayor
City of Round Rock, Texas
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2001 - September 30, 2002 Estimated
Actual Actual Proposed
Budget Detail FY99 -00 FY00.01 FY01 -02
Revenue and Other Sources
Sales Tax Proceeds $8.380,745 510,456.600 $10,559,026
Interest Income 617,373 1,238,064 275,000
Loan/ Bond Proceeds 15.929,331 25,890,000 0
Transfers In 8,929,389 217.703
Total Revenue $33,856,838 537,802,367 $10,834,026
Operations Expenditures
Administration Costs
Contractual Services 58,836 $9.278 59,650
Insurance 771 847 900
Supplies, Training. Transportation, Misc. 894 835 850
Total Administration Costs 10,500 10,960 11.400
Legal Services
Contractual Services 12,000 12,600 13,104
Legal Notices 1,800 1.890 2,000
Total Legal Services 13,800 14,490 15,104
Financial Services
Contractual Services 28000 27,300 28,392
Audit Fees 0 2,400 2.640
Total Financial Services 28.000 29.700 31,032
Engineering Services
Contractual Services
Total Engineering Services
Total Operations Expenditures
85.000 103,700 107,848
85,000 103,700 107,848
137,300 158,850 165,384
Debt Service
Principal and Interest - Revenue Bonds 0 2,105,778
Principal and Interest - S.I.B. Loan 1,500,081 1.500,081
Financing Fees 0 15,000
Total Debt Service 0 1.500,081 3,620,859
Transportation Capital Proiecls Expenditures
Greenlawn Extension 1.190,22
IH35 Turnarounds 2,729,38
Traffic Signal Coordination 13,251
South Mays S1. Extension 474,32
U.S. Highway 79 Improvements 566,68
Arterial A 11.59
Arterial B 385,32
R.R. Ave / Union Pacific Railroad (FM 620)
FM 1460 -OId Settlers to CR195 46
Greenlawn Interchange
FM 1460
Arterial C
Prime Consulting 45,45
SN 45 9,536,66
H6gler48ailly Study 264.18
Forest Creek/Double Creek
CR 113 2,28
Traffic Signals
SH130 Traffic Model 46,74
Transportation Consulting
Issuance Costs
Total Capital Projects Expenditures
excemr 5 oueae
424,89
270,88
8,99
1,576,64
54,05
11.58
4,409,22
200,81
6.37
14,334,90
69,11
523,92
633,15
41,12
25,82
455,00
0
321,731
38,500
1,314,015
25,537
439,364
8,828,244
a
2,249,519
0
600,000
400,000
0
1,000,000
0
4,111,660
565,536
538,662
28,252
174,175
0
15,313,077 23,046,513 20,635,195
Transfers (Reimburse City for IH35 Turnarounds) 0 1,829.389 0
Total Expenditures 515,450,377 526,534,833 $24,421,438
EXHIBIT
uAn
City of Round Rock
Round Rock Transportation System
Proposed Operating and Construction Budget
October 1, 2001 - September 30, 2002
Budget Summary
Less Reserve for Working Capital (1)
Total Funds Available 38,201,785
Estimated
Actual Actual Projected
FY 1999 -00 F'? 2000 -01 FY 2001 -02
10/01 Beginning Fund Balance $ 5,344,947 $ 22,751,408 $ 34,018,942
(1,000,000)
Estimated Operating Revenue -
Sales Tax 8,380,745 10,456,600 10,559,026
Interest 617,373 1,238,064 275,000
Loan Proceeds 15,929,331 25,890,000 0
Transfers In 8,929,389 217,703 0
60,553,775 44,852,968
Budgeted Expenditures -
Administration & Project Management (137,300) (158,850) (165,384)
Debt Service 0 (1,500,081) (3,620,859)
Construction and Maintenance (2) (15,313,077) (23,046,513) (20,635,195)
Transfers Out 0 (1,829,389) 0
Total Expenditures
09/30 Estimated Unreserved Fund Balance $ 22,751,408 $ 34,018,942 $ 20,431,530
(1) Working Capital established at $1,000,000
(15,450,377) (26,534,833) (24,421,438)
(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 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.
DATE: November 2, 2001
SUBJECT: City Council Meeting — November 8, 2001
ITEM: 14.F.17. Consider a resolution approving the 2001 -2002 Operating Budget
for the Round Rock Transportation System Development
Corporation.
Resource: David Kautz, Finance Director
History:
Funding:
Cost:
The budget provides funding for debt service and administrative,
financial, legal and engineering services to the Corporation. The
budget is funded from a ' /z % sales tax established for the purpose of
providing transportation improvements. The Corporation oversees
those improvements with the further approval of the City Council
Outlined in the attached budget
Source of Funds: ' /z% Sales Tax for Transportation Improvements
Outside Resources: N/A
Impact/Benefit: Transportation Improvements
Public Comment: N/A
Sponsor: N/A