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G-06-10-12-10B1 - 10/12/2006ORDINANCE NO. v " D " )C- /(2,` )61,63/ AN ORDINANCE PROVIDING FOR AMENDMENT NO. 1 TO THE OPERATING BUDGET OF THE CITY OF ROUND ROCK, TEXAS FOR FISCAL YEAR 2005-2006. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: That the operating budget for the City of Round Rock, Texas for Fiscal Year 2005-2006 is hereby revised for municipal purposes pursuant to §102.010, Local Government Code and in accordance with the proposal submitted to the Council by the City Manager, which proposal is attached hereto as Exhibit "A" and is incorporated into this ordinance by reference for all purposes. The City Secretary is directed to file a certified copy of this ordinance along with a true copy of the attached revised budget with the County Clerk of Williamson County, Texas. 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 a]1 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 day of .fie Y1i , 2006. the 0O4 -v READ, APPROVED and ADOPTED on second reading this the /02411day of 60-1911 @PFDesktop\::ODMA/WORLDOX/0:/wdox/ORDINANC/060928A3.WPD/rmc , 2006. e. naAt ,;/1 CHRISTINE R. MARTINEZ, City Secr4ary 2 L, Mayor ty of •ound Rock, Texas City of Round Rock Budget Revision #1 Fiscal Year 2005-2006 Summary of Significant Adjustments General Fund FY 2006 Revenue Adjustments: Sales Tax FEMA Reimbursement (Hurricane Rita) Other Revenue Sources Total Revenue Adjustments - General Fund Expenditure Adjustments: Net Department Savings 2007 Capital Spending Plan Transfer - Police Building, PARD Improvements, Financial Information System Upgrade Total Expenditure Adjustments - General Fund Utility Fund $ 4,371,000 102,000 2,249,000 $ 6,722,000 $ (1,178,000) 7,900,000 $ 6,722,000 Revenue Adjustments: Water Revenues $ 24,200 Total Revenue Adjustments - Utility Fund $ 24,200 Expenditure Adjustments: Net Department Savings $ (300,800) Water/Wastewater Transfer to Self Financed Construction 5,000,000 Total Expenditure Adjustments - Utility Fund $ 4,699,200 Budget Revision #1 Fiscal Year 2005-2006 GENERAL FUND City of Round Rock, Texas 2005-2006 2005-2006 Original Revised Budget Budget #1 Variance Revenues $ 70,598,000 $ 77,320,000 $ 6,722,000 Expenditures (70,595,268) (77,317,268) (6,722,000) Total Change in Fund Balance $ 2,732 $ 2,732 $ - UTILITY FUND Revenues $ 27,056,500 $ 27,080,700 $ 24,200 Operating Expenditures (27,050,439) (26,749,639) 300,800 Change in Operations 6,061 331,061 325,000 Transfer to Self Financed Construction $ (5,000,000) (5,000,000) Change in Working Capital $ 6,061 $ (4,668,939) $ (4,675,000) 9/22/2006 1 Budget Revision #1 Fiscal Year 2005-2006 GENERAL FUND Revenues DEPARTMENT City of Round Rock, Texas 2005-2006 2005-2006 Original Revised Budget Budget #1 Variance $ 70,598,000 $ 77,320,000 $ 6,722,000 Administration - 12 $ (1,915,433) $ (1,673,433) $ (242,000) Legal Services - 13 (1,026,108) (946,108) (80,000) Planning - 14 (1,815,079) (1,723,079) (92,000) Information Technology - 15 (1,170,210) (1,120,210) (50,000) Building Inspection - 16 (861,791) (782,291) (79,500) Finance - 17 (1,317,711) (1,265,711) (52,000) Purchasing - 18 (485,330) (466,330) (19,000) General Services - 19 (12,832,500) (13,750,500) 918,000 Library - 20 (2,209,114) (2,127,114) (82,000) Police - 21 (16,498,532) (16,498,532) 0 Fire - 22 (9,902,229) (9,574,729) (327,500) Parks & Recreation - 23 (8,185,500) (7,608,500) (577,000) Human Resources - 24 (805,963) (784,963) (21,000) Engineering & Dev. Svcs. - 25 (3,027,622) (2,840,622) (187,000) Street - 26 (6,137,321) (6,067,321) (70,000) Transportation - 27 (752,347) (647,347) (105,000) City Shop - 28 (1,018,460) (925,460) (93,000) Municipal Court - 29 (634,018) (615,018) (19,000) General Government - Transfer (7,900,000) 7,900,000 Total Expenditures $ (70,595,268) $ (77,317,268) $ 6,722,000 9/22/2006 2 Budget Revision #1 Fiscal Year 2005-2006 UTILITY FUND Revenues DEPARTMENT City of Round Rock, Texas 2005-2006 2005-2006 Original Revised Budget Budget #1 Variance $ 27,056,500 $ 27,080,700 $ 24,200 Utility Administration - 40 $ (1,113,397) $ (1,093,397) $ (20,000) Water Treatment Plant - 41 (5,583,578) (5,493,578) (90,000) Water Systems Support - 42 (2,830,829) (2,760,829) (70,000) Water Line Maintenance - 43 (2,099,973) (2,029,973) (70,000) Wastewater Treatment Plant - 61 (6,973,663) (6,997,863) 24,200 Wastewater Systems Support - 62 (943,116) (940,116) (3,000) Wastewater Line Maintenance - 63 (1,715,231) (1,695,231) (20,000) Environmental Services - 64 (419,067) (409,067) (10,000) Utility Billing & Collection - 81 (1,093,585) (1,051,585) (42,000) Transfers - 95 (4,278,000) (4,278,000) General Government - Other (5,000,000) 5,000,000 Total Expenditures $ (27,050,439) $ (31,749,639) $ 4,699,200 *Scheduled Transfer of Available Working Capital 9/22/2006 3 Budget Revision #1 Fiscal Year 2005-2006 City of Round Rock, Texas General Fund - Effect of the revision on fund balance: Fund Balance 10/01/05 $ 28,705,017 Less Reserves ( *1) (27,164,698) Estimated Revenue (FY 2005-2006) 75,630,000 Interfund Transfers 1,690,000 Total Funds Available 78,860,319 Budgeted Expenditures (77,317,268) Estimated Unreserved Fund Balance 9/30/06 $ 1,543,051 *1 Reserve requirements established in accordance with operating reserve policies. Utility Fund - Effect of the revision on working capital: Estimated Working Capital 10/01/05 $ 15,650,482 Less Reserves ( *2) (9,629,870) Estimated Revenue (FY 2005-2006) 27,080,700 Interfund Transfers (*4) (6,916,000) Total Funds Available 26,185,312 Budgeted Expenditures (24,833,639) Estimated Working Capital 9/30/06 $ 1,351,673 (*3) *2 Reserves are established in accordance with operating reserve policies. *3 Funds are designated for Capital Improvements to the Utility System. *4 Includes a $5,000,000 transfer to fund Utility System Improvements. 9/22/2006 4 DATE: October 5, 2006 SUBJECT: City Council Meeting, October 12, 2006 ITEM: *10.6.1. Consider an ordinance approving the Amendment No. 1 to the FY 2005-2006 Operating Budget. (Second Reading) Department: Finance Staff Person: Cindy Demers, Finance Director Justification: Designates additional funds collected in FY 2006. Funding: Cost: N/A Source of funds: General Fund/Water/Wastewater Utility Fund Outside Resources: N/A Background Information: This budget amendment allocates available cash from fiscal year 2005-2006 to specified capital purchases and capital projects. The available funds are provided primarily due to the collection of additional sales tax revenues, other revenues and departmental budget savings. The amendment also reflects the planned allocation of available funds from the utility operating fund to the utility capital construction program. Public Comment: N/A