G-03-06-26-10C1 - 6/26/2003ORDINANCE NO. (4_(A -06 -0W.0 -/OC,/
AN ORDINANCE AMENDING THE 2002-2003 HOTEL OCCUPANCY
TAX BUDGET.
WHEREAS, the City Council has previously adopted a 2002-2003
Hotel Occupancy Tax Budget, and
WHEREAS, the City Council wishes to amend said budget in
accordance with the attached proposal, Now Therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS, THAT:
That the 2002-2003 Hotel Occupancy Tax Budget is amended as
set forth in 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
of , 2003.
READ, APPROVED and ADOPTED on second reading this the
cwP day of
a!L') day
ST:
, 2003.
N
L, Mayor
City of Round Rock, Texas
CHRISTINE R. MARTINEZ, City Secretary
@PFDesktopA;:CDMA/WORLDOX/O:/WDOX/ORDINANC/0306'2L1.WPD/sc
City of Round Rock
Hotel Occupancy Tax Fund # 710
Fund Balance Analysis
Estimated Fund Balance 10/01/02
Less Operating Reserves (*1)
Less Reserve for Debt Service Transfer
Estimated Revenue (FY 2002-2003)
Total Funds Available
Requested Expenditures
$
2,161,076
(1,000,000)
(341,186)
1,450,000
2,269,890
(1,845,000)
Estimated Unreserved Fund Balance 9/30/03 $ 424,890
* 1 - Operating Reserves are established in accordance with operating reserve policies.
City of Round Rock
Hotel Occupancy Tax Fund #710
2002-2003 Budget Revision 1
DESCRIPTION OF ITEM
01-02 02-03 02-03 Proposed
Original Approved Revised Change
Budget Budget Budget
EXPENDITURES:
Festivals & Events
Central Texas Bluegrass Festival $6,000
Central Texas Antique Fair 0 10,000 $4,000 $0
10,000 10,000 0
Cowboy Christmas Ball 8,000
8,000 8,000 0
Daffodil Days 1,500
Fiesta Amistad 1,500 1,500 0
8,000 8,000 8,000 0
Frontier Days 10,000
8,000 8,000 0
Old Settlers Reunion 2,500
Pony National Girls Softball Tourney 10,000 2,500 2,500 0
6,500 6,500 0
Quilt Round Up 0 10,000
RR Folk (Quilt and Cloth Doll) Art Show 10,000 0
3,000 0 0 0
Sunrise Kiwanis Holiday Basketball Classic 3,800
3,800 3,800 0
Contingency 25,000
PARD Convention Marketing 0 0 0
0
Total Festivals & Events 77,800 7 72,300 10,000 72,300 0
72,300 0
Arts Support
Ballet Folklorico 5,300
7,990 7,990 0
Round Rock Community Choir 10,000
10,000 10,000 0
Sam Bass Theatre 8,300
Contingency 9,500 9,500 0
4,000 0 0 0
Total Arts Support 27,600 27,490 27,490
0
Tourism Support
Chamber of Commerce
Tourism Marketing Programs
Tourism Study
Unallocated
Total Tourism Support
Museum Support
Palm House Museum
Total Museum Support
85,000 86,900 86,900 0
48,500 65,000 65,000 0
0 0 50,000 50,000
11,100 310 310 0
144,600 152,210
10,000
10,000
202,210 50,000
8,000 8,000 0
8,000 8,000 0
Subtotal -Festivals, Tourism, Arts, Museum 260,000 260,000 310,000 50,000
Unallocated
Contingency 10,000
Total Unallocated 0 0 0
10,000 0 0 0
Convention Center Complex Project
Transfer to Reserve Fund at Trustee Bank 69,850
Transfer to Debt Svc. Fund at Trustee Bank 75,000 75,000 0
519,240 527,990 527,990 0
Transfer to Stadium Expansion Fund 0
0 800,000 800,000
Property Insurance 26,500
30,000 30,000 0
Contingency and Trustee Fees 25,000
25,000 25,000 0
Capital Repair at Trustee Bank 50,000
Total Convention Center Project 690,590 77,01077,0100
735,000 1,535,000 800,000
Total Expenditures
Budget summary, page 1
$960,590 $995,000 $1,845,000 $850,000
Date:
Subject:
Item:
Resource:
June 20, 2003
City Council Meeting - June 26, 2003
*10.C.1. Consider an ordinance amending the 2002-2003 Hotel
Occupancy Tax Budget. (Second Reading)
David Kautz, Assistant City Manager
Cindy Demers, Finance Director
History: This budget amendment provides funding for two projects: (1) the
expansion of the Dell Diamond/United Heritage Center Complex; and
(2) consulting services associated with the development of a
comprehensive tourism plan for the City
Funding:
Cost:
Source of funds:
Outside Resources:
Impact/Benefit:
Public Comment:
Sponsor:
N/A
Hotel Occupancy Tax Fund
N/A
The expenditure of funds for the stadium expansion is
in compliance with hotel occupancy tax statues and
will be governed by agreements developed between
the City and Round Rock Express Baseball, Inc. The
City's portion of the stadium expansion is not to
exceed 50% of the total project costs with a maximum
city expense of $800,000. The comprehensive tourism
plan will provide the City, Chamber and community
with a plan to further develop tourism initiatives in
Round Rock.
N/A
Finance Department