G-05-10-27-12B6 - 10/27/2005ORDINANCE NO. & - 05-) U - ,� � - ) a.8 Cp
AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR
THE FOREST CREEK GOLF COURSE FOR FISCAL YEAR 2005-2006.
WHEREAS, CCA Silband/Golfcorp/Round Rock, Inc. ("Operator")
has submitted a proposed capital budget for the Forest Creek Golf
Course for Fiscal Year 2005-2006, and
WHEREAS, the City Council wishes to approve said capital
budget, Now Therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
That the capital budget for the Forest Creek Golf Course
submitted by Operator for Fiscal Year 2005-2006, 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
Ordinance was adopted was posted and that such meeting was open to
the public as required by law at all times during which this
Ordinance 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.
READ and APPROVED on first reading this the 13
day of L 2005.
rR�EAD, APPROVED and ADOPTED on second reading this the
day of C br���, 2005.
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YLE MAXWELL, Mayor
City of Round Rock, Texas
A T:
�•
CHRISTINE R. MARTINEZ, City Secreta
City of Round Rock
Forest Creek Golf Club
2005-2006 Proposed Capital Budget
Estimated Fund Balance 10101105 $0 $5,798 $15,028
Less: Departmental Reserves 0 n r5 nnnl
REVENUES:
Gross Receipts (@ 3%
Interest
Total Revenues
Total Funds Available
EXPENDITURES:
Golf Course Equipment & Machinery
Contingency
Total Expenditures
Estimated Unreserved Fund Balance 9/30/06
0
5,798
10,028
0
41,421
50,000
0
619
464
0
42,040
50,464
0
47,838
60,492
0
0
33,850
0
32,810
16,663
EXHIBIT
a "All
$0 $15,028 $9,979
DATE: October 20, 2005
SUBJECT: City Council Meeting - October 27, 2005
ITEM: *12.B.6. Consider an ordinance adopting the Forest Creek Golf Course
Capital Budget for FY 2005-2006. (Second Reading)
Department: Finance
Staff Person: Cindy Demers, Finance Director
Justification: To maintain and improve the Forest Creek Golf Course, preserve the
asset and keep it competitive with other courses.
Funding:
Cost: N/A
Source of funds: N/A
Outside Resources: N/A
Background Information:
The City owns Forest Creek Golf course and has contracted with CCA Silband/
GolfCorp/Round Rock Inc. (On -Course Strategies) to manage and operate the course. As
part of the agreement, the operator prepares a capital budget for capital improvements and
equipment. The budget is funded by 3% of gross fees generated by the course and
submitted to the City on a monthly basis. The course has always been self-supporting and
no tax money or general revenues have been required to operate the course or to pay debt
service.
Public Comment: N/A