G-01-03-22-11B1 - 3/22/2001ORDINANCE NO. - 01- 03 d / / / ` /
AN ORDINANCE APPROVING AND ADOPTING A BUDGET FOR
THE FOREST CREEK GOLF COURSE FOR THE YEAR 2001.
WHEREAS, CCA Silband/Golfcorp/Round Rock, Inc. ("Operator")
has submitted a proposed capital budget for the Forest Creek Golf
Course for 2001, and
WHEREAS, the City Council wishes to approve said capital
budget, Now Therefore
BE IT ORDAINED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS, THAT:
That the capital budget for the Forest Creek Golf Course
submitted by Operator for 2001, 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, and the Act.
READ and APPROVED on first reading this the
of 'iTuAcki
K:\WPDOCS\ORDINANC\010308B1.WPD/sc
, 2001.
E
day
READ, APPROVED and ADOPTED on second reading this the
a1;21 day of U (w t1c
AT EST:
1)13tun-e,)az/r1.0.4k,
CitySecretar
_M I:57iti) £ m/I& r i) • z, / 5S- y
2
, 2001.
ROB i' A. STLUKA, JR J, Mayor
City of Round Rock, Texas
2001
Forest Creek Golf Club / City of Round Rock Capital Budget
Jacobsen V -Cut Fairway Reels .$ 8,000
> Toro Workman Utility Vehicle $ 12,000
r Toro Groundsmaster 3100 Triplex (x2) ..$ 31,000
Toro Groundsmaster 72" (x2) ..$ 30,000
Total $ 81,000
Budgeted Green Fees .$1,346,768
6% of $1,346,768 $ 80,806
City of Round Rock
Forest Creek Golf Club
2000-2001 Proposed Capital Budget
99-00 00-01
Amended 99-00 Proposed
DESCRIPTION OF ITEM Budget Actual Budget
36,739 $ 37,173 $ 16,719
REVENUES:
Green Fees transfer (4% 99-00, 6% 00-01) 46,940 52,240 80,806
Transfer In From Golf Course Operator 37,467 0
Interest 3,589 4,848
Total Revenues 84,407 55,829 85,654
EXPENDITURES:
Improvements 46,700 29,297 0
Golf Course Equipment & Machinery 53,200 46,986 81,000
Contingency 15,000 0 18,531
Total Expenditures 114,900 76,283 99,531
Change In Operations (30,493) (20,454) (13,877)
Operating Reserves *1 6,246 0 2,842
Estimated Unreserved Fund Balance 9/30/00 0 $ 16,719 $ 0
golfa00
DATE: March 16, 2001
SUBJECT: City Council Meeting — March 22, 2001
ITEM: 11.B.1. Consider an ordinance adopting the Forest Creek Golf Course Capital
Budget. (Second Reading) The Capital Budget is funded by six percent
of golf greens fees. The first reading was approved on March 8, 2001.
Resource: David Kautz, Finance Director
History: The City owns Forest Creek Golf Course and has contracted with Golf Corp to
operate the course. As part of operating the course, Golf Corp prepares a capital
budget for major improvements and equipment. The budget is funded by 6% of
green fees. The course has always been self-supporting and no tax money or
general revenues have been required to operate the course or to pay debt service.
Funding:
Cost: Please see attached budget
Source of funds: 6% of Green Fees
Outside Resources: Golf Corp (the golf course operator)
Impact: To maintain and improve the Forest Creek Golf Course and no financial impact
on City operations.
Benefit: This budget helps maintain the Forest Creek Golf Course, a City asset, and helps
retain competitiveness with other golf courses.
Public Comment: N/A
Sponsor: City Finance Department and Parks and Recreation Department