G-03-11-25-11C5 - 11/25/2003ORDINANCE NO. 0 03-11-5- / le., .51
AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR
THE PARKS IMPROVEMENT AND ACQUISITION FUND FOR THE
2003-2004 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 Fund for
fiscal year 2003-2004, and
WHEREAS, the City Council wishes to approve said proposal,
Now Therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS:
That the budget for the Parks Improvement and Acquisition Fund
submitted by the Parks and Recreation Department for fiscal year
2003-2004, 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
@PFDesktop\::ODMA/WORLDOX/O:/WDOX/ORDINANC/031113A5.WPD/sc
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 ill])
A) , 2003.
/3th
READ, APPROVED and ADOPTED on second reading this the
day of
ATTEST:
, 2003.
a5m
WELL, Mayor
City of Round Rock, Texas
CHRISTINE R. MARTINEZ, City Secret
2
y
City of Round Rock
Parks Improvement & Acquisition Fund #520
2003-2004 Proposed Budget
DESCRIPTION OF ITEM
02-03 02-03 03-04
Approved Estimated Proposed
Budget Actual Budget
Beginning Unreserved Fund Balance
Less: Departmental Reserves
Unreserved Fund Balance
REVENUES:
Sports League Fees
Interest Income
Total Revenues
$39,915
(8,351)
31,564
$37,323
(8,351)
$24,958
(5,321)
28,972 19,637
8,000 9,430 9,100
350 351 263
8,350 9,781 9,363
Total Funds Available 39,914
EXPENDITURES:
McNeil Park
Ballfield Improvements
Sub -Total
9,440
9,440
38,753 29,000
0 19,000
0 19,000
Unspecified
Playground Equipment 4,500 0 10,000
Contingency (Improvements to CMRC and
Memorial Park) 25,974 22,146 0
Sub -Total 30,474 22,146 10,000
Total Expenditures 39,914
22,146 29,000
Estimated Unreserved Fund Balance 9/30/04 $0 $16,607 $0
DATE: November 20, 2003
SUBJECT: City Council Meeting - November 25, 2003
ITEM: 11.C.5. Consider an ordinance approving and adopting a budget
for the Parks Improvement and Acquisition Fund for Fiscal
Year 2003-2004. (Second Reading)
Resource: Sharon Prete, Parks and Recreation Director
David Kautz, Assistant City Manager/Chief Financial Officer
Cindy Demers, Finance Director
History:
This fund was established to serve as a depository for donations
of fees, which are earmarked for specific projects. Funds are
obtained through donations, developer contributions, sport facility
capital improvement fees and Interest Income. This fund will
allow the Parks and Recreation staff to make capital
improvements with funds other than tax dollars or bond monies.
Funding:
Cost: Outlined in the attached budget
Source of Funds: Donations, developer contributions, sport facility capital
improvement fees, and interest income
Outside Resources: N/A
Impact/Benefit: To allow for capital improvements to the parks with funds
other than tax dollars or bond monies.
Public Comment: N/A
Sponsor: Parks and Recreation Department and Finance
Department