G-02-10-24-10C3 - 10/24/2002ORDINANCE NO. l7 -Os -/D eQ -1oc3
AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR
THE RON SPROULL MEMORIAL FUND FOR THE 2002-2003 FISCAL
YEAR.
WHEREAS, the Ron Sproull Memorial Fund was created to provide
certain improvements to the park system in the City of Round Rock,
and
WHEREAS, the City Council wishes to adopt a budget for 2002-
2003 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 2002-2003 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.
0:\wdox\ORDINANC\021010C3.WPD/rmc
City of Round Rock
Ron Sproul/ Memorial Fund #810
2002-2003 Proposed Budget
DESCRIPTION OF ITEM
01-02 01-02 02-03
Approved Estimated Proposed
Budget Actual Budget
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
Irrigation Repairs
Mowing Services
Landscaping
Electrical System Repairs
Lighting Repairs
Sub Total
Total Expenditures
$106,955 $103,969 $105,773
(100,000) (100,000) (100,000)
0 0 (2,000)
6,955
2,750
3,969
1,804
3,773
1,500
2,750
1,804
1,500
9,705
5,773
5,273
1,000
5,657
2,000
500
548
9,705
0
0
0
0
0
0
0
5,273
0
0
0
5,273
9,705
0
5,273
Estimated Unreserved Fund Balance 9/30/03 $0 $5,773 $0
EXHIBIT
2
a HA ti
READ and APPROVED on first reading this the 1Ot—``)
day of 06,643,u), 2002.
READ, APPROVED and ADOPTED on second reading this the
- day of L)
AT EST:
City of Round Rock, Texas
CHRISTINE R. MARTINEZ, City Secretary
2
DATE: October 18, 2002
SUBJECT: City Council Meeting — October 24, 2002
ITEM: * 10.C.3. Consider an ordinance approving and adopting a budget for the Ron
Sproull Memorial Fund for Fiscal Year 2002-2003. (Second
Reading)
Resource:
History:
Sharon Prete, Parks and Recreation Director
David Kautz, Chief Financial Officer
Bill White, Finance Director
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
Finance Department