R-98-05-14-10C1 - 5/14/1998RESOLUTION NO. R -98-05-14-10C1
WHEREAS, the Round Rock Transportation System Development
Corporation has submitted a proposed operating budget for fiscal
year 1997-98, and
WHEREAS, the City Council wishes to approve said proposal,
Now Therefore
BE IT RESOLVED BY THE COUNCIL OF THE CITY OF ROUND ROCK,
TEXAS,
That the operating budget submitted by and for the Round Rock
Transportation System Development Corporation for fiscal year 1997-
98, 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
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, and the Act.
RESOLVED this 14th day of May, 19
ATTEST:
ANNE LAND, City Secretary
K:\WPDOCS\RESOLUTI\R80514C1.WPD/scg
HARLES CU '''! ER, Mayor
City of Round Rock, Texas
City of Round Rock
Round Rock Transportation System
Proposed Operating and Construction Budget
October 1, 1997 - September 30, 1998
Budget Summa
(proposed) (memo only)
FY 1997-98 FY 1998-99
10/01 Beginning Fund Balance $ 0 $ 63,122
Less Reserve for Working Capital (*1) $ (250,000) $ (100,000)
Estimated Operating Revenue $ 2,552,146 $ 4,758,541
Transfers In $ 3,100,000 $ 0
Total Funds Available $ 5,402,146 $ 4,721,663
Budgeted Expenditures:
Administration & Project Management $ (124,025) $ (126,973)
Construction and Maintenance (*2) $ (5,215,000) $ (1,425,000)
Transfers Out $ 0 $ (3,100,000)
09/30 Estimated Unreserved Fund Balance $ 63,122 $ 69,690
*1 Working Capital established at $350,000 (minimum) over 2 years
*2 The Transportation Capital Improvement Projects (TCIP) are project -oriented rather
than period -oriented and for this reason are not intended to be bound by formal budget
control. However, because of the current nature of funding for these projects and the
cash flow implications, the project expenditures have been estimated over two fiscal
years.
ecodv98b, page 1
City of Round Rock - Round Rock Transportation System
Proposed Operating and Construction Budget
October 1, 1997 - September 30, 1998
Budget Detail
Revenue
Sales Tax Proceeds
Interest Income
Transfer In from 1997 Certificates of Obligation
Total Revenue
Operations Expenditures
Administration Costs
Contractual Services
Insurance
Supplies, Training, Transportation, Misc.
Total Administration Costs
Legal Services
Contractual Services
Legal Notices
Total Legal Services
Financial Services
Contractual Services
Audit Fees
Total Financial Services
Engineering Services
Contractual Services
Total Engineering Services
Total Operations Expenditures
Transportation Capital Projects Expenditures
Greenlawn Extension
IH35 Turnarounds
Traffic Signal Coordination
Reimburse City for transfer from 1997 Certificates of Obligation
Total Capital Projects Expenditures
Total Expenditures
ecodv98b, page 2
Proposed
FY1997-98
$2,536,578
15,568
3,100,000
$5,652,146
Proposed
FY97-98
(memo only)
FY1998-99
$4,735,781
22,760
0
$4,7911,541_
(memo only)
FY98-99
$8,400 $8,736
725 761
850 884
9,975 10,381
10,000 8,000
1.,500 1,500
11,500 9,500
24,200 25,168
1,500 2,000
25,700 27,168
76,850 79,924
76,850 79,924
1.24025 126 9_73
2,075,000
3,100,000
40,000
0
5,215,000
$5,339,025
1,425,000
0
0
3,100,000
4,525,000
$4,651,973
DATE: May 8, 1998
SUBJECT: City Council Meeting, May 14, 1998
ITEM: 10. C. 1. Consider a resolution adopting the 1997-1998 Operating
Budget for the Round Rock Transportation System
Development Corporation.
The budget provides funding for administrative, financial, legal and
engineering services to the Corporation. The budget is funded from a
1/2% sales tax established for the purpose of providing transportation
improvements. The Round Rock Transportation System Development
Corporation oversees those improvements with the further approval of the
City Council. Staff Resource Person: David Kautz, Finance Director