R-99-11-09-10C2 - 11/9/1999RESOLUTION NO. R- 99- 11- 09 -10C2
WHEREAS, the Round Rock Transportation System Development
Corporation has submitted a proposed operating budget for fiscal
year 1999 -2000, 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 1999-
2000, 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.
ATT ..ST :
RESOLVED this 9th day of Nov
E
K:\ WPDOCS \RESOLITTI \R91109C2.wPD /scg
LAND, City Secretary
A. STLUKA, 9 R., Mayor
City of Round Rock, Texas
City of Round Rock
Round Rock Transportation System
Proposed Operating and Construction Budget
October 1, 1999 - September 30, 2000
Actual Actual Proposed Projected
Budget Detail FY97 -98 FY98 -99 FY99 -00 FY00 -01
Revenue and Other Sources
Sales Tax Proceeds $2,990,320 $6,722,247 $6,913,333 $7,157,079
Interest Income 43,815 274,457 300,000 0
Transfer In from 1997 Certificates of Obligation 0 0 3,100,000 0
Total Revenue $3,034,135 $6,996,704 $10,313,333 $7,157,079
Operations Expenditures
Administration Costs
Contractual Services $8,380 $8,736 $8,836 $8,836
Insurance 0 $761 770 770
Supplies, Training, Transportation, Misc. 0 884 894 894
Total Administration Costs 8,380 10,381 10,500 10,500
Legal Services
Contractual Services 11,500 10,000 12,000 12,000
Legal Notices 0 1,500 1,800 1,800
Total Legal Services 11,500 11,500 13,800 13,800
Financial Services
Contractual Services 24,200 25,168 26,000 26,000
Audit Fees 0 2,000 2,000 2,000
Total Financial Services 24,200 27,168 28,000 28,000
Engineering Services
Contractual Services
Total Engineering Services
47,650 79,924 85,000 85,000
47,650 79,924 85,000 85,000
Debt Service
Principal and Interest 0 0 0
Financing Fees 0 75,000 0
Total Debt Service 0 0 75,000 0
Total Operations Expenditures 91,730 128,973 212,300 137,300
Transportation Capital Projects Expenditures
Greenlawn Extension 356,147 1,459,179 1,684,674 0
11-135 Turnarounds 115,919 177,462 2,881,619 0
Traffic Signal Coordination 0 0 100,000 0
South Mays St. Extension 0 951,989 2,325,011 30,000
U.S. Highway 79 Improvements 0 1,586,335 963,665 4,400,000
Arterial A 0 11,363 423,637 0
Arterial B 0 77,575 2,762,425 4,616,800
Hagler- Bailly 0 0 350,000 0
Greenlawn Interchange 0 0 0 1,250,000
RM 620 0 0 0 2,500,000
FM 1460 0 0 360,000 0
Arterial C 0 0 0 800,000
Prime Consulting 0 0 100,000 0
Contingency 0 0 100,000 100,000
Total Capital Projects Expenditures 472,066 4,263,902 12,051,032 13,696,800
Transfers Out (reimburse City for Transfer from 97 Cos) 0 0 3,100,000
Total Expenditures 563,796 4,392,875 12,263,332 16,934,100
City of Round Rock
Round Rock Transportation System
Proposed Operating and Construction Budget
October 1, 1999 - September 30, 2000
Actual Actual Proposed Projected
Budget Summary FY 1997 -98 FY 1998 -99 FY 1999 -00 FY 2000 -01
10/01/97 Beginning Fund Balance $ 0 $ 2,220,339 4,724,168 2,474,170
Less Reserve for Working Capital (1) (250,000) (100,000) (300,000) 0
Estimated Operating Revenue
Sales Tax 2,990,320 6,722,247 6,913,333 7,157,079
Interest 43,815 274,457 300,000 0
Transfers In (1997 Certificates of Obligation) 0 0 3,100,000 0
Total Funds Available
2,784,135 9,117,043 14,737,501 9,631,249
Budgeted Expenditures -
Administration & Project Management (91,730) (128,973) (137,300) (137,300)
Debt Service 0 0 (75,000) 0
Construction and Maintenance (2) (472,066) (4,263,902) (12,051,032) (13,696,800)
Transfers Out 0 0 0 (3,100,000)
09/30 Estimated Unreserved Fund Balance $ 2,220,339 $ 4,724,168 2,474,170 (7,302,851)
(1) Working Capital established at $650,000.
(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 two fiscal years.
DATE: November 5, 1999
SUBJECT: City Council Meeting — November 9, 1999
ITEM: 10.C.2. Consider a resolution adopting the 1999 -2000 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 %z% sales tax
established for the purpose of providing transportation
improvements. The Round Rock Transportation System
Development Corporation oversees those improvements with the
further approval of the City Council. Staff Resource Person:
David Kautz, Finance Director.