G-03-05-08-14A1 - 5/8/2003ORDINANCE NO. v - 03- 05-08- »-i1 /
AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR
THE PARKS IMPROVEMENT AND ACQUISITION FUND FOR THE
2002-2003 FISCAL YEAR.
WHEREAS, the Parks and Recreation Department has submitted a
proposed budget for the Parks Improvement and Acquisition Fund for
fiscal year 2002-2003, 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
2002-2003, 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
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.
reading this the(90A)
READ and. APPROVED on first
day of
0:,wdox\OPDINANC\03042451.WPDj.c
, 2003.
READ, APPROVED and ADOPTED on second reading this the
Q
O _ day of Tin
ATTEST:
, 2003.
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: AA.
NY -r- - _ yor
City of Round Rock, Texas
CHRISTINE R. MARTINEZ, City Secretar
2
City of Round Rock
Parks Improvement & Acquisition Fund #520
2002-2003 Proposed Budget
DESCRIPTION OF ITEM
Beginning Unreserved Fund Balance
Less: Departmental Reserves
Unreserved Fund Balance
01-02 01-02 02-03
Revised Estimated Proposed
Budget Actual Budget
$55,308
0
55,308
$55,308 $39,915
0 (8,351)
55,308 31,564
REVENUES:
Sports League Fees 8,000 9,760 8,000
Interest Income 1,521 1,937 350
Donations/Contributions 0 800 0
Total Revenues 9,521 12,497 8,350
Total Funds Available
EXPENDITURES:
McNeil Park
Contingency
Ball field Improvements
Sub -Total
64,829 67,805 39,914
0
8,020
8,020
0 9,440
0 0
0 9,440
Unspecified
Trees 2,500 0 0
Playground Equipment 0 0 4,500
Contingency (Improvements to CMRC and
Memorial Park) 54,309 27,890 25,974
Sub -Total 56,809 27,890 30,474
Total Expenditures
64,829 27,890 39,914
Estimated Unreserved Fund Balance 9/30/03 $0 $39,915 $0
EXHIBIT
nAn
DATE: May 2, 2003
SUBJECT: City Council Meeting — May 8, 2003
ITEM: * 14.A.1. Consider an ordinance adopting the Parks Improvement and
Acquisition Fund Budget for FY 2002-2003. (Second Reading)
Resource: Sharon Prete, Parks and Recreation Director
David Kautz, Assistant City Manager
History:
This fund was established to serve as a depository for donations of fees,
which are earmarked for specific projects. This fund is funded 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:
Sponsor:
N/A
N/A