G-04-10-26-14D2 - 10/26/2004ORDINANCE NO. G-
AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR
THE RON SPROULL MEMORIAL FUND FOR THE 2004-2005 FISCAL
YEAR.
WHEREAS, the Ron Sproull Memorial 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 2004-
2005 for the expenditure of the interest income from said fund, Now
Therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
That a budget for 2004-2005 for the expenditure of interest
income from the Ron Sproull Memorial Fund is hereby approved and
adopted in accordance with Exhibit "A", 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 00— 2004.
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READ, APPROVED and ADOPTED on second reading this the
ctQ day of
, 2004.
, Ma•.—r
Ci of Round Rock, Texas
CHRISTINE R. MARTINEZ, City Secret
2
City of Round Rock
Ron Sproul) Memorial Fund #810
2004-2005 Proposed Budget
DESCRIPTION OF ITEM
Beginning Estimated Fund Balance
Less: Restricted Reserves
Less: Departmental Reserves
Available Balance
REVENUES:
Interest Income
Total Revenues
03-04 03-04 04-05
Approved Estimated Proposed
Budget Actual Budget
$107,346
(100,000)
(2,000)
5,346
$107,436
(100,000)
(2,000)
5,436
$108,238
(100,000)
(2,000)
6,238
937 962 950
937 962950
Total Funds Available
6,283 6,398 7,188
EXPENDITURES:
Round Rock Memorial Park
Playground Repairs
Landscaping 0 0 7,188
Sub Total 3,000 0 0
3,000 0 7,188
Total Expenditures
3,000
0 7,188
Estimated Unreserved Fund Balance 9/30/05
$3,283 $6,398 ($0
EXHIBIT
I "A"
DATE: October 21, 2004
SUBJECT: City Council Meeting - October 26, 2004
ITEM: *14.D.2. Consider an ordinance approving and adopting a budget for the
Ron Sproull Memorial Fund for the 2004-2005 fiscal year.
(Second Reading)
Department: Finance Department
Staff Person: Cindy Demers, Finance Director
Sharon Prete, Parks and Recreation Director
Justification:
Funding will be used to repair damaged playground equipment.
Funding:
Cost: N/A
Funding Source: N/A
Outside Resources: N/A
Background Information:
Harriet Sproull donated $100,000.00 to be used for the development/maintenance of Round
Rock Memorial Park with the stipulation that the principal never be spent. This was done in
memory of her husband, Ron Sproull. This resources has helped provide additional
maintenance services during high periods.
Public Comment: N/A