R-2014-1773 - 9/11/2014 RESOLUTION NO. R-2014-1773
A RESOLUTION ADOPTING A BUDGET FOR THE SPORTS VENUE FUND
FOR THE 2014-2015 FISCAL YEAR.
WHEREAS, Pursuant to the authority granted by Chapter 334, the City Council adopted
Resolution No. R-11-05-26-11B4 designating the proposed Sports Complex as a Venue Project and the
method of financing to be used to fund the project; and
WHEREAS, in a Special Election held in November 2011 the voters approved the use of
additional taxes to reimburse or pay the costs of planning, acquiring, establishing, developing,
constructing, renovating, operating, or maintaining the project, or paying the principle and interest on,
or other costs relating to bonds or obligations to finance the project; and
WHEREAS, the Finance Department has submitted a proposed budget for the Sports Venue
Fund for fiscal year 2014-2015; and
WHEREAS, the City Council wishes to approve said proposed budget,Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK, TEXAS,
That the budget for the Sports Venue Fund submitted by the Finance Department 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.
0112.1404;00310209
RESOLVED this 11th day of September, 2014.
0111/2 /1—
ALAN MCGRAW, Mayor
City of Round Rock, Texas
ATTEST:
GrWIL , lifriff
SARA L. WHITE, City Clerk
2
City of Round Rock EXHIBIT
Sports Center (Hotel Occupancy Tax Fund #715) "A"
2014-15 Proposed Budget
2012-13 2013-14 2014-15
Actual Revised Proposed
DESCRIPTION OF ITEM Budget Budget
Revenues
Hotel-Motel Occupancy Tax(2%) $ 919,720 $ 867,000 $ 925,000
Concessions 0 210,000 173,000
Other Income 216 52,500 52,000
Facility Rentals 4,500 446,000 542,180
Transfer received 0 590,000 400,000
Total Revenues 924,436 2,165,500 2,092,180
Expenditures
Sports Venue Operations
Personnel 97,708 761,708 797,388
Contractual Services 2,773 676,506 468,875
Materials &Supplies 1,158 213,816 242,900
Other Services& Charges 511 81,327 91,327
Capital Outlay 31,489 57,088 50,000
Total Sports Venue Operations 133,638 1,790,445 1,650,490
Debt Service
Transfer to Debt Svc. Fund at Trustee Bank 592,000 365,500 363,500
Total Debt Service 592,000 365,500 363,500
Total Expenditures $ 725,638 $ 2,155,945 $ 2,013,990
FY 12 was the first year for this fund.