R-95-12-14-13G - 12/14/1995certain improvements to the park system in the City of Round Rock,
and
WHEREAS, the Ron Sproull Memorial Fund was created to provide
WHEREAS, the City Council wishes to adopt a budget for 1995-
96 for the expenditure of said fund, Now Therefore
TEXAS,
That a budget for 1995 -96 for the expenditure of the Ron
Sproull Memorial Fund is hereby approved and adopted in accordance
with Exhibit "A ", attached hereto and incorporated herein.
RESOLVED this 14th day of December, 1995.
ATTEST:
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
E
C:\ WPDOCS \RESOLOTI \RS51214G.WPD /kg
LAND, City Secretary
RESOLUTION NO. R- 95- 12- 14 -13G
CHARLES CiJLP +PPER, Mayor
City of Round Rock, Texas
RON SPROULL MEMORIAL FUND
BUDGET
FISCAL 95 - 96
Revenue
Beginning Balance
Interest Income
Veterans Park
Lighting
EXHIBIT "A"
$21,464.00
$5,000.00
TOTAL $26,464.00
Expenses
Drive /Trail $10,000.00
Playground Repairs $6,000.00
Lighting Repairs $1,000.00
Contracted Service $6,000.00
Contingency $1,464.00
SUB TOTAL $24,464.00
$2,000.00
TOTAL $26,464.00
DATE: December 12, 1995
SUBJECT: CITY COUNCIL MEETING, DECEMBER 14, 1995
ITEM: 13.G. Consider a resolution adopting a budget for the Ron
Sproull Memorial Fund (81) for fiscal year 1995 - 96.
STAFF RESOURCE PERSON: Sharon Prete
STAFF RECOMMENDATION: APPROVAL
The Ron Sproul) Memorial Fund will fund Memorial
Park Projects such as playground upgrades and
drive improvements (see attached budget).
ECONOMIC IMPACT:
This funding source is derived from interest income
generated by the principle ($100,000).