G-06-09-28-13A7 - 9/28/2006ORDINANCE NO. &L -?/3k1
AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR
THE PARKS IMPROVEMENT AND ACQUISITION ACCOUNT FOR
THE 2006-2007 FISCAL YEAR.
WHEREAS, in §1.1711 of the Round Rock Code of Ordinances, the
City Council established the Parks Improvement and Acquisition
Account in which to deposit donations earmarked for park
improvements, in addition to payment of cash in lieu of land from
developers and subdivisions, and
WHEREAS, expenditures from the Parks Improvement and
Acquisition Account are to be used exclusively for improvement of
existing and future parks and for the acquisition of land for
future parks, and
WHEREAS, the Parks and Recreation Department has submitted a
proposed budget for the Parks Improvement and Acquisition Account
for fiscal year 2006-2007, and
WHEREAS, the City Council wishes to approve said proposal,
Now Therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND
ROCK, TEXAS:
That the budget for the Parks Improvement and Acquisition
Account submitted by the Parks and Recreation Department 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
@PFDe_skto0::ODMA/WORLDOX/0:/wtlox/ORDINANC/060919A6.WPD/rmc
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
, 2006.
READ, APPROVED and ADOPTED on second reading this the
day of
ATTEST:
.1-2.rYl.{1Qlt_,
CkrLo R.7Y1
, 2006.
, Ma
City of Round Rock, Texas
CHRISTINE R. MARTINEZ City Secr�tary
2
City of Round Rock
Parks Improvement & Acquisition Fund #520
2006-2007 Proposed Budget
DESCRIPTION OF ITEM
05-06
Approved
Budget
05-06 06-07
Estimated Proposed
Actual Budget
Estimated Fund Balance 10/1/06
Add: Deferred Revenue - Parkland Fees
Less: Parkland Fees Reserves
Less: Ball field Reserves
REVENUES:
Sports League Fees
Interest Income
Donations/Contributions
Donations/Contributions Developers
Total Revenues
Total Funds Available
EXPENDITURES:
McNeil Park
Ball field Improvements
Unspecified
Playground Equipment
Parkland Development
Parkland Development
Total Expenditures
Estimated Unreserved Fund Balance 9/30/07
$35,916
20,753
(20,753)
(30, 751)
5,165
8,000
525
0
0
8,525
13,690
0
$38,846
310,075
(310,075)
(30, 751)
8,095
8,200
13,000
5,000
0
26,200
34,295
0
0 0
0 0
0 0
$13,690
1
EXHIBIT
"An
$65,046
260,075
(260,075)
(30, 751)
34,295
8,000
13,000
0
50,000
71,000
105,295
0
0
50,000
50,000
$34,295 $55,295
DATE: September 21, 2006
SUBJECT: City Council Meeting - September 28, 2006
ITEM: *13.A.7. Consider an ordinance adopting the Parks Improvement and
Acquisition Fund Budget for FY 2006-2007. (Second Reading)
Department:
Staff Person:
Justification:
Finance
Cindy Demers, Finance Director
Rick Atkins, Parks and Recreation Director
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