R-02-10-10-13C2 - 10/10/2002RESOLUTION NO. R- 02- 10- 10 -13C2
WHEREAS, the Round Rock Transportation System Development
Corporation has submitted a proposed operating budget for fiscal
year 2002 -2003, 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 2002-
2003, 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 10th day of October, 2002.
AT EST:
CHRISTINE R. MARTINEZ, City Secreta
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NY - City of Round Rock, Texas
ELL, Mayor
City of Round Rock
Round Rock Transportation System
Proposed Operating and Construction Budget
October 1, 2002 - September 30, 2003
Budget Summary
Estimated
Actual Actual Projected
FY 2000 -01 FY 2001 -02 FY 2002 -03
10/01 Beginning Fund Balance $ 23,634,655 $ 33,908,977 $ 27,219,114
Less Reserve for Working Capital (1) (1,000,000)
Estimated Operating Revenue -
Sales Tax 10,456,600 10,011,974 10,000,000
Interest 1,238,064 681,266 340,000
Loan Proceeds 25,890,000 15,000,000 0
Transfers In 217,703 0 0
Total Funds Available
Budgeted Expenditures -
Administration & Project Management (158,360) (162,200) (170,405)
Debt Service (1,500,081) (3,485,075) (4,762,046)
Construction and Maintenance (2) (23,040,215) (28,735,828) (16,308,133)
Transfers Out (1,829,389) 0 0
Total Expenditures (26,528,045) (32,383,103) (21,240,584)
09/30 Estimated Unreserved Fund Balance $ 33,908,977 $ 27,219,114 $ 16,318,530
60,437,022 59,602,217 37,559,114
(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 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.
EXHIBIT
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2002 - September 30, 2003 Estimated
Actual Actual Proposed
Budget Detail FY00 -01 FY01 -02 FY02 -03
Revenue and Other Sources
Sales Tax Proceeds 510,456,600 510,011,974 910,000,000
Interest Income 1,238,064 681.266 340,000
Loan/Bond Proceeds 25,890.000 15,000,000 0
Transfers In 217,703 0 0
Total Revenue $37,802,367 525,693,240 510,340,000
Operations Expenditures
Administration Costs
Contractual Services 09.278 59.650 510,132
Insurance 818 500 900
Supplies, Training. Transportation. Misc. 864 29 850
Total Administration Costs 10,960 10,179 11,802
Legal Services
Contractual Services 14,000 13,104 13,550
Legal Notices 0 37 2,000
Total Legal Services 14,000 13,141 15.550
Financial Services
Contractual Services
Audk Fees
Total Financial Services
Engineering Services
Contractual Services
Total Engineering Services
Total Operations Expenditures
Transfers (Reimburse City for 1H35 Turnarounds)
29.700
29,700
28,392 29.200
2,640 2,640
31,032 31.890
103.700 107 .848 111.083
103,700 107.848 111.083
158,360 162,200 170.405
petit Service
Principal Retirement 764,081 1,344,229 2.194,135
Interest Expense 736,000 2,140,237 2,506,911
Financing Fees 0 609 2.000
Total Debt Service 1,500,081 3,485,075 4,762,046
Transportation Capital Prolects Expenditures
Greenlawn Expansion 424,89 374,391 0
IH35 Turnarounds 270,88 321,732 0
Traffic Signal Coordination 8.99 44.258 33,500
South Mays SL Realignment 1,576.64 1,579,041 0
U.S. Highway 79 54,054 232.829 100,000
Arterial A Engineering 11,58 391,342 224.108
AW Grimes Boulevard 4,409,22 7,855,429 7,289.016
R.R. Ave 7 Union Pacific RaOroad (FM 620) 0 0
U.S. 79 from FM 1460 to CR195 200,81 950,134 2,962,106
Greenlawn Interchange 0 0
FM 1460 R.O.W. 600,000 0
Arterial C 0 200,000
Prime Consulting - Toll Road Study 6,37 12,418 35,755
SH 45 14,328,61 11,907.759 0
Hagler -Badly Study 69,11 16,707 0
Forest Creek/Double Creek 523,92 3.032,931 3,351,208
CR 113 633,150 979,708 1,433,288
Traffic Signals 41,12 234,722 524,152
511130 Traffic Model 28,252 0
Regional Mobility Study 75,000 0
IH 35 Modifications 0 - 100,000
Issuance Costs 455,00 0 0
Road Consulting 25,825 09,175 75.000
Total Capital Projects Expenditures 23,040,215 28,735,828 16,308,133
1.029,389 0 0
Total Expenditures $26,528,045 532,383,103 521,240,584
DATE: October 4, 2002
SUBJECT: City Council Meeting— October 10, 2002
ITEM: 13.C.2. Consider a resolution approving the 2002 -2003 Operating
Budget for the Round Rock Transportation System Development
Corporation.
Resource Person: David Kautz, Chief Financial Officer
Bill White, Finance Director
History: 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.
Funding:
Cost: Outlined in the attached budget
Source: '/z% Sales Tax for Transportation Improvements
Outside Resources: N/A
Benefit: Transportation Improvements
Public Comment: The Round Rock Transportation System Development Corporation will hold
a meeting on this date regarding the proposed Operating Budget for the
Round Rock Transportation System Development Corporation for FY 2002-
2003.
Sponsor: Finance Department