G-03-12-04-7C3 - 12/4/2003ORDINANCE NO. 6 - 03 - /C9- 04i- 110
AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR
THE RON SPROULL MEMORIAL FUND FOR THE 2003-2004 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 2003-
2004 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 2003-2004 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.
5 --
READ and APPROVED on first reading this the
day of
, 2003.
@PFDesktop\::ODMA/WORLDOX/O:/WDOX/ORDINANC/031125C6.WPD/sc
READ, APPROVED and ADOPTED on second reading this the
U day of , 2003.
NYL
L, Ma•or
City o Round Rock, Texas
i
CHRISTINE R. MARTINEZ, City Secretary
2
City of Round Rock
Ron Sproull Memorial Fund #810
2003-2004 Proposed Budget
DESCRIPTION OF ITEM
Beginning Estimated Fund Balance
Less: Restricted Reserves
Less: Departmental Reserves
Available Balance
REVENUES:
Interest Income
Total Revenues
Total Funds Available
EXPENDITURES:
Round Rock Memorial Park
Mowing Services
Landscaping
Sub Total
:02-03:: 02-03:: ::::::::: 03-04::::::;
Approved:::::: Estimatect::::::::Proposedi:
Budget Actual Budget . .
$105,773 $106,096 $107,346
(100,000) (100,000) (100,000)
(2,000) (2,000) (2,000)
3,773 4,096 5,346
1,500 1,250 937
1,500 1,250 937
5,273 5,346 6,283
5,273
0
5,273
0 0
0 3,000
0 3,000
Total Expenditures 5,273 0 3,000
Estimated Unreserved Fund Balance 9/30/04
a
D
a
EXHIBIT
$0 $5,346 $3,283
DATE: November 25, 2003
SUBJECT: City Council Meeting - December 4, 2003
ITEM: 7.C.3. Consider an ordinance approving and adopting a budget for the Ron
Sproull Memorial Fund for Fiscal Year 2003-2004. (Second Reading)
Resource: Sharon Prete, Parks and Recreation Director
David Kautz, Chief Financial Officer
Cindy Demers, Finance Director
History: Harriet Sproull donated $100,000 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 resource has
helped provide additional maintenance services during high periods.
Funding:
Cost: Outlined in the attached budget
Source of Funds: Interest Income on the principal donation of $100,000
Outside Resources: N/A
Impact/Benefit: Development and maintenance for the Round Rock Memorial Park
Public Comment: N/A
Sponsor: Parks and Recreation Department and Finance Department