R-2014-1717 - 9/11/2014 RESOLUTION NO. R-2014-1717
WHEREAS, the Round Rock Transportation and Economic Development Corporation has
submitted a proposed operating budget for fiscal year 2014-2015, 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 2014-2015, 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 11th day of September, 2014.
0) /V)
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
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SARA L. WHITE, City Clerk
0112.1404;00310155
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City of Round RockEXHIBIT
Round Rock Transportation System
"An
Operating, Construction and Debt Service Budget Q
October 1, 2014 - September 30, 2015
Estimated
Actual Actual Proposed
Budget Summary FY 12-13 FY 13-14 FY 14-15
10/01 Beginning Fund Balance $ 51,716,584 $ 30,409,652 $ 24,940,957
Less Reserve (1) (2,800,000) (2,800,000) (2,800,000)
Estimated Operating Revenue-
Sales Tax 16,554,112 16,700,000 16,466,666
Interest and Other 102,027 1,011,900 2,500
Rental Income 413,025 271,000 150,000
Donations/Contributions 2,461,483 0 1,000,000
Transfers In 811,860.81 0 0
Total Funds Available 69,259,091 45,592,552 39,760,123
Budgeted Expenditures-
Administration&Project Management (234,345) (374,000) (408,000)
• Capital Expenditures (1921289) (200,000) (200,000)
Economic Development (711,750) (571,000) (600,000)
Property Expenditures (125,709) (177,900) (181,100)
Landlord Expenditures (9,837) (8,500) (14,600)
Debt Service (6,581,039) (6,593,684) (6,588,672)
Construction-TCIP(2) (33,794,470) (15,526,511) (19,779,168)
Total Expenditures (41,649,439) (23,451,595) (27,771,540)
09/30 Estimated Unreserved Fund Balance (3) $ 27,609,652 $ 22,140,957 $ 11,988,583
(1) Reserve established for Working Capital and Debt Service.
(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 annual budget control.
(3) Funds are designated for capital improvement programs.
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2014 - September 30, 2015
Estimated
Actual Actual Proposed
Budget Detail FY 12-13 FY 13-14 FY 14-15
Revenue and Other Sources
Sales Tax Proceeds $ 16,554,112 $ 16,700,000 $ 16,466,666
Interest Income&Other 102,027 11,900 2,500
Rental Income 413,025 271,000 150,000
Transfers In-Outside 811,861 0 0
Donations/contributions 2,461,483 1,000,000 1,000,000
Total Revenue 20,342,507 17,982,900 17,619,166
Operations Expenditures
Administration Costs
Contractual Services 218,550 30,500 33,500
Insurance 500 500 500
Supplies, Training,Transportation, Misc. 1,000 1,000 1,000
Total Administration Costs 220,050 32,000 35,000
Legal Services
Contractual Services 14,295 16,000 18,000
Total Legal Services 14,295 16,000 18,000
• Financial Services
Contractual Services 0 44,000 50,000
Total Financial Services 0 44,000 50,000
Engineering Services
Contractual Services 0 174,000 197,000
Total Engineering Services 0 174,000 197,000
Street Sweeping Services
Contractual Services 0 108,000 108,000
Total Street Sweeping Services 0 108,000 108,000
Total Operations Expenditures 234,345 374,000 408,000
Capital Expenditures
Traffic Signals 192,289 200,000 200,000
Total Capital Expenditures 192,289 200,000 200,000
Economic Development
Chamber of Commerce 516,000 516,000 525,000
Eco Dev Agreement 195,750 55,000 75,000
Total Economic Development 711,750 571,000 600,000
Commons Property
Property Expenditures 125,709 177,900 181,100
Landlord Expenditures 9,837 8,500 14,600
Total Commons Property 135,546 186,400 _ 195,700
Debt Service
Principal Retirement 5,171,347 5,313,257 5,442,521
Interest Expense 1,408,693 1,279,178 1,145,151
Paying Agent Fees 1,000 1,250 1,000
Total Debt Service 6,581,039 6,593,684 6,588,672
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget(cont)
October 1, 2014 -September 30, 2015
Estimated
Actual Actual Proposed
Budget Detail FY 12-13 FY 13-14 FY 14-15
Transportation Capital Projects Expenditures
Arterial A-Kenny Fort Blvd. 10,006,007 959,501 0
Traffic Signals 466,446 750,187 547,666
Road Consulting 63,103 111,067 200,715
South Mays at Gattis School Road 220,360 0 0
Gattis School Road Widening 310 713,036 172,405
FM 3406 176,647 298,868 0
RM620 at Union Pacific Railroad 4,752,737 1,142,319 898,330
Southwest Downtown 2, 3,7 183,839 0 0
North Kenney Ft Blvd ROW 0 136,253 0
Chisholm Trail Phase 3 1,810,821 2,394,569 0
2011 Major Maintenance Program 610,603 0 0
2012-2017 Major Maintenance Program 4,233,793 161,393 743,269
Arterial Improvement Program 1,210,710 309,231 823,064
IH35 Ramp Reversal and Frontage Roads 0 142,567 0
Doublecreek Drive 40,000 0 1,940,594
Railroad Quiet Zones 409,609 19,046 197,310
Creekbend Blvd. 0 890,916 4,452,220
Chisholm Trail Road 4,576,634 445,792 0
Mays Street 268,298 0 0
• SW Downtown Phase 4 2,415,296 3,493,294 0 •
SW Downtown Phase 5 0 958,171 6,006,560
SE Downtown 0 62,738 187,500
La Frontera Streets 1,494,702 107,469 0
FM1460 from Georgetown to University 35,582 389,211 0
Traffic Management Center 70,714 7,130 0
Arterial Sidewalks 255,325 98,009 0
Major Bridge Maintenance 0 24,806 475,000
Median on University from IH35 to Sunrise 260,817 1,372,190 387,911
Seton Parkway 69,815 172,842 1,332,392
Cypress Blvd. Realignment 162,302 66,350 1,414,232
Arterial H 0 299,556.00 0
Total Capital Projects Expenditures 33,794,470 15,526,511 19,779,168
Total Expenditures $ 41,649,439 $ 23,451,595 $ 27,771,540