R-2015-2864 - 9/24/2015 RESOLUTION NO. R-2015-2864
WHEREAS, the Round Rock Transportation and Economic Development Corporation has
submitted a proposed operating budget for fiscal year 2015-2016, 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 and Economic
Development Corporation for fiscal year 2015-2016, 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 24th day of September, 2015.
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
SST: /A1' V \�
SARA L. WHITE, City Clerk
0112.1504;00342263
Exhibit A
RoundCity of Rock Type B Funds
:5 Year Estimated Available
As of 09/08/15
Projected Proposed
FY2015 FY2016 FY2017 FY2018 FY2019 FY2020
Beginning Fund Balance 30,502,558 26,004,447 11,419,038 10,117,393 10,145,836 10,148,411
Revenue
Sales Tax and Estimated Sales Tax 16,500,000 16,333,400 16,333,400 16,333,400 16,333,400 16,333,400
RM620 Improvement Project-Williamson Co.Participation 1,000,000 2,000,000
Williamson Co.Participation-University Blvd. 2,500,000
Other 266,500 300,000 266,500 1,500 1,500 1,500
Total Revenue 20,266,500 16,633,400 18,599,900 16,334,900 16,334,900 16,334,900
Transportation Expenditures
TCIP Projects 16,199,499 18,248,497 6,322,958 5,000,000 500,000 500,000
Projects to be determined 5,000,000 6,800,000 4,500,000 9,000,000 9,000,000
Other Items:Commons,Street Sweeping,
Paving Contract&Traffic Signals 900,112 998,550 800,000 816,000 832,320 848,966
Debt Service(after refunding) 6,590,000 5,038,422 4,036,247 4,038,847 4,038,847 4,033,366
Due to General Fund 300,000 300,000 309,000 318,270 327,818 337,653
Total Transportation 23,989,611 29,585,469 18,268,205 14,673,117 14,698,985 14,719,985
Economic Devel Expenditures(10 or gross sales tax revenue)
Chamber Agreement 525,000 535,000 535,000 535,000 535,000 535,000
Downtown Improvements&Marketing 50,000 50,000
Economic Devel Projects-to be determined 250,000 1,048,340 1,048,340 1,098,340 1,098,340 1,098,340
Total Economic Development 775,000 1,633,340 1,633,340 1,633,340 1,633,340 1,633,340
Total Expenditures 24,764,611 31,218,809 19,901,545 16,306,457 16,332,325 16,353,325
Net Revenues (4,498,111) (14,585,409) (1,301,645) 28,443 2,575 (18,425)
Fund Balance 26,004,447 11,419,038 10,117,393 10,145,836 10,148,411 10,129,986
Fund Reserve(1.25 times Debt Svc requirements)(1) (6,600,000) (6,298,028) (5,045,309) (5,048,559) (5,048,559) (5,041,708)
Economic Devel Projects to be determined (2) (5,000,000) (5,000,000) (5,000,000) (5,000,000) (5,000,000) (5,000,000)
Available Fund Balance 14,404,447 121,010 72,084 97,277 99,852 88,278
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