R-99-01-14-14B1 - 1/14/1999RESOLUTION NO. R- 99- 01- 14 -14B1
WHEREAS, the Round Rock Transportation System Development
Corporation has submitted a proposed operating budget for fiscal
year 1998 -99, 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 1998-
99, 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 14th day of January, 1999.
ATTEST:
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LAND, City Secretary
1L L
CHARLES CUL E ER, Mayor
City of Round Rock, Texas
City of Round Rock
Round Rock Transportation System
Proposed Operating and Construction Budget
October 1, 1998 - September 30, 1999
Estimated
Actual Proposed
Budget Summary FY 1997 -98 FY 1998 -99
10/01 Beginning Fund Balance $ 0 $ 2,220,339
Less Reserve for Working Capital ( *1) $ (250,000) $ (100,000)
Estimated Operating Revenue $ 3,034,135 $ 5,120,743
Transfers In $ 0 $ 3,100,000
Total Funds Available $ 2,784,135 $ 10,341,082
ecodv99a
Budgeted Expenditures:
Administration & Project Management $ (91,730) $ (133,973)
Construction and Maintenance ( *2) $ (472,066) $ (8,651,865)
Transfers Out $ 0 $ 0
09/30 Estimated Unreserved Fund Balance
*1 Working Capital established at $350,000 (minimum) over 2 years
$ 2,220,339 $ 1,555,244
*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 two fiscal
years.
City of Round Rock - Round Rock Transportation System
Proposed Operating and Construction Budget
October 1, 1998 - September 30, 1999 Estimated
Actual Proposed
Budget Detail FY1997 -98 FY1998 -99
Revenue
Sales Tax Proceeds $2,990,320 $5,097,983
Interest Income 43,815 22,760
Transfer In from 1997 Certificates of Obligation 0 3,100,000
Total Revenue =.034.135 $8.220.
Actual Proposed
Operations Expenditures FY1997 -98 FY1998 -99
Administration Costs
Contractual Services $8,380 $8,736
Insurance 0 761
Supplies, Training, Transportation, Misc. 0 884
Total Administration Costs 8,380 10,381
Legal Services
Contractual Services 11,500 15,000
Legal Notices 0 1,500
Total Legal Services 11,500 16,500
Financial Services
Contractual Services 24,200 25,168
Audit Fees 0 2,000
Total Financial Services 24,200 27,168
Engineering Services
Contractual Services 47,650 79,924
Total Engineering Services 47,650 79,924
Total Operations Expenditures 91 730 133 973
Tr Capital Projects Expenditures
Greenlawn Extension 356,147 3,387,584
IH35 Turnarounds 115,919 2,984,081
Traffic Signal Coordination 0 100,000
South Mays St. Extension 0 930,200
U.S. Highway 79 Improvements 0 1,250,000
Reimburse City for transfer from 1997 Certificates of Obligation 0 0
Total Capital Projects Expenditures 472,066 8,651,865
Total Expenditures $561796 $4, 838
ecodv99a
DATE: January 7, 1999
SUBJECT: City Council Meeting — January 14, 1999
ITEM: 14.B.1. Consider a resolution adopting the 1998 -1999 Operating Budget for
the Round Rock Transportation System Development Corporation.
The budget provides funding for administrative, financial, legal and
engineering services to the Corporation. The budget is funded from a
1/2% sales tax established for the purpose of providing transportation
improvements. The Round Rock Transportation System Development
Corporation adopts a Transportation Capital Improvement Plan for those
improvements with the further approval of the City Council. Staff
Resource Person: David Kautz, Finance Director.