R-98-12-22-10B1 - 12/22/1998WHEREAS, CCA Silband /Golfcorp /Round Rock, Inc. ( "Operator ")
has submitted a proposed capital budget for the Forest Creek Golf
Course for 1999, and
WHEREAS, the City Council wishes to approve said capital
budget, Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the capital budget for the Forest Creek Golf Course
submitted by Operator for 1999, 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.
RESOLVED this 22nd day of December, 1998.
ATTEST:
NE LAND, City Secretary
K: \WP DOGS \RESOLUTI \R81222B1.WPD /scg
RESOLUTION NO. R- 98- 12- 22 -1OB1
CHARLES CULPEFP R, Mayor
City of Round Rock, Texas
golfc99
City of Ro3ind Rock
Forest Creek Golf Club Capital Budget
1998 -1999 Budget Amendment #1
Fund #16
Estimated Fund Balance 10/1/98
Less Reserves ( *1)
Estimated Revenue
Total Funds Available
Proposed Expenditures
Estimated Unreserved Fund Balance 9/30/99
*1 - Reserves at 17% of beginning balance
$35,678
(6,065)
128,312
157,925
(157,900)
$25
City of Round Ro&
Forest Creek Golf Club Capital Budget
1998 -1999 Budget Amendment #1
Fund #16
N.L_)
*1 - Reserves at 17% of beginning balance
*2 - Planned future use to be developed
golfc99
Beginning Unreserved Fund Balance 10/1/98
REVENUES:
Green Fees transfer (4 %)
Transfer In From Golf Course Operator
Total Revenues
$ 35,678 $ 35,678
36,612 36,612
91,700
36,612 128,312
EXPENDITURES•
Structural Improvements 35,000
Kitchen Equipment 5,000
Golf Course Improvements 25,900
Golf Course Maintenance Equipment 51,000
Fairway Mowing Unit 26,000 26,000
Contingency 15,000 15,000
Total Expenditures 41,000 157,900
Change In Operations (4,388) (29,588)
Operating Reserves *1 6,065 6,065
Estimated Unreserved Fund Balance 9/30/99 *2 $ 25,225 $ 25
STRUCTURAL
Cart Barn Renovation
Painting - Interior & Exterior of Clubhouse, Cart Bam
Gazebo Type Information Center
Window Tinting in Snack Bar
Add Store Room on East Side of Building
KITCHEN EQUIPMENT
Refrigerator / Freezer
Outdoor Grill
FOREST CREEK GOLF CLUB
PROPOSED CAPITAL BUDGET
FOR 1999
GOLF COURSE IMPROVEMENTS
Drainage #4 Fairway
Resurface, paint, and light Parking Lot
Ball washers & Trash cans with new tee signs
Engineer Evaluation of Water Hazard
GOLF COURSE MAINTENANCE EQUIPMENT
Two (2) Triplex Mowers
One (1) Fairway Unit
One (1) Trim Unit
One (1) Beverage Cart
TOTAL PROPOSED CAPITAL BUDGET $142,900
99 Twin Ridge Parkway * Round Rock, Texas 78664
(512) 388 - 2874 /fax (512) 388 -4471
www.forestcreek.com
$ 22,500
$ 4,000
$ 1,500
$ 1,500 is
$ 5.500 3 ? as7
$ 3,500
$ 1,500 csrl
$ 4,000
$ 14,000
$ 5,900
$ 2,000 .c - C 10
$ 30,000
$ 26,000
$ 16,000
$ 5,000
DATE: December 16, 1998
SUBJECT: City Council Meeting, December 22, 1998
ITEM: 10. B. 1. Consider a resolution amending the Forest Creek Golf Course
Capital Budget.
The golf course operator provides a capital budget to the Council
annually which is funded by 4% of green fees each year. The budget
provides funding for capital equipment and capital improvements to the
golf course facilities. Staff Resource Person: David Kautz, Finance
Director
An itemized copy of the requested items is attached along with the proposed amended budget.
Green fees are the typical funding source for capital items. Because of the larger proposed
expenditure this year, the balance of funding is to be provided from the golf course operating cash
flow and will be repaid through green fees.