2016-3735 - 8/25/2016 RESOLUTION NO. 2016-3735
RESOLUTION ADOPTING THE 2016-2017
OPERATING BUDGET FOR THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION
WHEREAS, the Board of Directors of the Round Rock Transportation and Economic
Development Corporation wishes to adopt an operating budget for fiscal year 2016-2017 in accordance
with the attached proposal,Now Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK
TRANSPORTATION AND ECONOMIC DEVELOPMENT CORPORATION,
That the operating budget for fiscal year 2016-2017 be adopted as set forth in Exhibit "A"
attached hereto and incorporated herein for all purposes.
The Board of Directors hereby finds and declares that written notice of the date, hour,place and
subject of the meeting at which this Resolution was adopted was posted and that such meeting was
open to the public as required by law at all times during which this Resolution 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.
RESOLVED this 25th day of August, 2016.
By:
ALAN MCGRAW, President
Round Rock Transportation and Economic
Development Corporation
ATTES
JO SLOAN, Secretary
0112.1604;00362477
EXHIBIT
"A„
City of Round Rock Type B Funds
5 Year Estimated Available
As of: 08/11/16
Beginning Fund Balance 30,596,530 34,067,222 34,301,302 19,933,650 11,105,927 11,809,541 11,909,541
Revenue
Sales Tax and Estimated Sales Tax 16,905,212 16,633,333 16,433,333 16,467 000 16,547,610 16,671,978 16,837,284
Interest 141,395 170,439 100,000 100,000 100,000 100,000 100,000
RM620Improvement Project-Williamson Co.Participation 1,000,000 2,000,000
Grant Proceeds 500,000 500,000
Donations/contributions 123,765 653,084 615,584 37,500
Williamson Co.Participation-Kenney Ft.Blvd.2-3 1,500,000
Williamson Co.Participation-University Blvd. 1,000,000 1,500,000
Williamson Co.Participation-Roundville Ln. 1,500,000
Other 289,977
Total Revenue 17,960,349 19,303,772 20,686,417 20,182,584 16,685,110 16,771,978 16,937,284
Transportation Expenditures
TCIP Projects(including TCIP amendment#37) 6,647,731 11,087,934 28,281,536 22,206,906 4,142,402 500,000 500,000
Projects to be determined 5,000,000 9,302,670 9,438,262
Other Items:Commons,Street Sweeping,
Paving Contract&Traffic Signals 48,411 998,550 800,000 816,000 832,320 848,966 865,946
Debt Service(after refunding) 6,643,660 5,019,875 4,020,199 4,022,431 4,024,195 4,015,491 4,009,348
Due to General Fund 300,000 300,000 309,000 318,270 327,818 337,653 340,000
Total Transportation 13,639,802 17,406,359 33,410,735 27,363,607 14,326,735 15,004,780 15,153,556
Economic Dev.Expenditures
Chamber Agreement 525,000 535,000 535,000 535,000 535,000 535,000 535,000
Downtown Improvements&Marketing 50,000 90,200 80,200 80,200 80,200 80,200
Economic Devel Projects 324,855 1,078,333 1.018,1331 1,031,500 1,039,561 1,051,998 1,068,528
Total Economic Development'• 849,855 1,663,333 1,643,333 1,646,700 1,654,761 1,667,198 1,683,728
Total Expenditures 14,489,657 19,069,692 36,064,068 29,010,307 15,981,496 16,671,978 16,837,284
Net Revenues 3,470,692 234,080 (14,367,651) (8,827,723) 703,614 100,000 100,000
Fund Balance 34,067,222 34,301,302 19,933,650 11,105,927 11,809,641 11,909,541 12,009,641
Fund Reserve(r.2semesDebt swreauirernen.;)(1) (6,600,000) (6,274,844) (5,025,249) (5,028,039) (5,030,244) (5,019,364) (5,011,685)
Economic Devel Projects to be determined (5,840,666) (5,840,666) (5,840,666) (5,840,666) (5,840,666) (5,840,666) (5,840,666)
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