G-06-09-28-13A6 - 9/28/2006ORDINANCE NO. rAD-09-A-13A
AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR
THE FOREST CREEK GOLF COURSE FOR FISCAL YEAR 2006-2007.
WHEREAS, CCA Silband/Golfcorp/Round Rock, Inc. ("Operator")
has submitted a proposed capital budget for the Forest Creek Golf
Course for Fiscal Year 2006-2007, and
WHEREAS, the City Council wishes to approve said capital
budget, Now Therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND
ROCK, TEXAS:
That the capital budget for the Forest Creek Golf Course
submitted by Operator for Fiscal Year 2006-2007, 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. 11�
READ and APPROVED on first reading this the 1
day of
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, 2006.
READ, APPROVED and ADOPTED on second reading this the
AS day of &DWYLI)&L) , 2006.
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ST:
R.n
-A40,
LE WEL , Mayor
City of Round Rock, Texas
CHRISTINE R. MARTINEZ, City Secre$jary
2
City of Round Rock
Forest Creek Golf Club
2006-2007 Proposed Capital Budget
DESCRIPTION OF ITEM
05-06 05-06 06-07
Approved Estimated Proposed
Budget Actual Budget
Estimated Fund Balance 10/01/06
Less: Departmental Reserves
REVENUES:
Gross Receipts (@ 3%)
Interest
Total Revenues
$15,028 $19,633 $19,331
(5,000) (5,000) (5,000)
10,028 14,633 14,331
50,000 46,000 46,000
464 1,800 1,800
50,464 47,800 47,800
Total Funds Available 60,492 62,433 62,131
EXPENDITURES:
Golf Course Equipment & Machinery 33,850 48,102 45,000
Vehicles 0 15,000
Contingency 16,663 0 0
Total Expenditures 50,513 48,102 60,000
Estimated Unreserved Fund Balance 9/30/07 $9,979 $14,331 $2,131
EXHIBIT
nAn
Forest Creek Golf Club
FY 2006-2007 Capital Outlay Request
Priority
Number Item Description Justification
1 Fairway Mower - Jacobsen 3400 Replacement
2 1,000 LB Payload Utility Truck Replacement
3 Speed Pass Topdresser Improve Process
Capital Outlay Request Total
Expected
Date of
Amount Purchase
$ 34,000 Mar 07
15,000 Mar 07
11,000 Jun 07
$ 60,000
Replacement
or New Item
Replace
Replace
New
DATE: September 21, 2006
SUBJECT: City Council Meeting - September 28, 2006
ITEM: *13.A.6. Consider an ordinance adopting the Forest Creek Golf Course
Capital Budget for FY 2006-2007. (Second Reading)
Department:
Staff Person:
Finance
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