G-06-04-13-9C2 - 4/13/2006ORDINANCE NO. -O Lo - n Li -J 3- 9 C
AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR
THE RON SPROULL MEMORIAL FUND FOR THE 2005-2006 FISCAL
YEAR AND CLOSING THE FUND.
WHEREAS, the Ron Sproull Memorial Fund ("Fund") was created
to provide funds for improvements to and maintenance of the park
system in the City of Round Rock, and
WHEREAS, the City Council wishes to adopt a budget for 2005-
2006 to close the Fund and transfer the funds to the General Self -
Financed Construction Fund for Parks projects, Now Therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
That a budget for 2005-2006 for the Ron Sproull Memorial Fund
closing the Fund and transfering the funds to the General Self -
Financed Construction Fund for Parks projects is hereby approved
and adopted in accordance with Exhibit "A" and the fund is hereby
closed, attached hereto and incorporated herein.
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 / 1WLao
, 2006.
@PFDesktop\::ODMA/WORLDOX/O:/WDOX/ORDINANC/060323131.WPD/sc
2READ, APPROVED and ADOPTED on second reading this the
2 day of
ST:.
00
ELL, Mayor
ity of Round Rock, Texas
CHRISTINE R. MARTINEZ, City Secre
2
City of Round Rock
Ron Sproull Memorial Fund #810
2005-2006 Proposed Budget
DESCRIPTION OF ITEM
04-05 04-05 05-06
Approved Estimated Proposed
Budget Actual Budget
Beginning Estimated Fund Balance
Less: Restricted Reserves
Less: Departmental Reserves
Available Balance
REVENUES:
Interest Income
Total Revenues
$108,238
(100,000)
(2,000)
6,238
950
950
Total Funds Available 7,188
EXPENDITURES:
Round Rock Memorial Park
Playground Repairs
Transfer to PARD Projects
Sub Total
$108,611
(100,000)
(2,000)
$104,262
6,611 104,262
2,745
2,745
1,777
1,777
9,356 106,039
7,188 7,094
7,188
Total Expenditures 7,188
106,039
7,094 106,039
7,094 106,039
Estimated Unreserved Fund Balance 9/30/06 $0 $2,262 $0
DATE: April 6, 2006, 2006
SUBJECT: City Council Meeting - April 13, 2006
ITEM: *9.C.2. Consider an ordinance adopting the 2005-2006 Ron Sproull Memorial
fund budget and closing the fund. (Second Reading)
Department: Parks and Recreation
Staff Person: Rick Atkins, Director
Cindy Demers, Finance Director
Justification:
This ordinance establishes a budget and dissolves the Ron Sproull Memorial Endowment fund.
Harriet McDaniel, who established the fund in honor of her husband, has approved to dissolve the
fund and allocate the remaining funds to recreational projects for the City.
Funding:
Cost: $106,039
Source of funds: Ron Sproull Memorial Endowment
Outside Resources: N/A
Background Information:
The Ron Sproull Memorial Endowment was established by Harriet McDaniels in honor of her
husband, Ron Sproull, to assist the City's Parks and Recreation Department with maintaining and
providing quality recreational amenities to the community. $100,000 was allocated to this fund;
only the interest earned could be spent annually.
Public Comment: N/A