G-05-10-27-12B4 - 10/27/2005ORDINANCE NO. 6- 05-- 1D- " 1,264
AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR
THE PARK DEVELOPMENT FUND FOR THE 2005-2006 FISCAL
YEAR.
WHEREAS, the Parks and Recreation Department has submitted a
proposed budget for the Park Development Fund for fiscal year 2005-
2006, and
WHEREAS, the City Council wishes to approve said proposal,
Now Therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
That the budget for the Park Development Fund submitted by the
Parks and Recreation Department 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
day of �C
READ, APPROVED
('l day of 0 / 2005.
, 2005.
and ADOPTED on second reading this the
@PFDesktop\::ODMA/WORLDOX/O:/WDOX/ORDINANC/051013B4.WPDJsc
LE MAXWELL, Mayor
City of Round Rock, Texas
ATTEST:
CHRISTINE R. MARTINEZ, City Secretary
2
City of Round Rock
Parks Improvement & Acquisition Fund #520
2005-2006 Proposed Budget
DESCRIPTION OF ITEM
04-05
Approved
Budget
04-05
Estimated
Actual
05-06
Proposed
Budget
Estimated Fund Balance 10/1/05
Add: Deferred Revenue - Parkland Fees
Less: Ball field Reserves
REVENUES:
Sports League Fees
Interest Income
Total Revenues
Total Funds Available
EXPENDITURES:
McNeil Park
Ball field Improvements
Unspecified
Playground Equipment
Parkland Development
Parkland Development
Total Expenditures
$35,851
0
(30,751)
5,100
9,600
300
9,900
15,000
5,000
10,000
0
15,000
$38,216
20,753
(30,751)
28,218
8,000
700
8,700
36,918
1,000
10,000
0
11,000
$35,916
20,753
(30,751)
25,918
8,000
525
8,525
34,443
0
0
0
0
Estimated Unreserved Fund Balance 9/30/06 $0 $25,918 $34,443
2
a
EXHIBIT
"A"
DATE: October 20, 2005
SUBJECT: City Council Meeting - October 27, 2005
ITEM: *12.B.4. Consider an ordinance adopting the Park Development Budget
for FY 2005-2006. (Second Reading)
Department: Finance
Staff Presentation Made Bv: Cindy Demers, Finance Director
Staff Resource: Rick Atkins, Parks and Recreation Director
Justification: This fund accounts for specific revenues generated from parks and
recreation related activities.
Funding:
Cost: N/A
Source of funds: N/A
Outside Resources: N/A
Background Information:
This fund accounts for the collection and expenditure of fees from two specific parks and
recreation related sources: sports league teams fees used for the improvement of facilities;
and, park development fees collected from developers of subdivisions who choose to
provide cash in lieu of designating parkland. These funds are restricted based on guidelines
provided in the subdivision ordinance. This fund also accounts for any specific donations the
City may receive related to Parks improvements.
Public Comment: N/A