4B-0-R-00-08 - 10/12/2000 •
RESOLUTION NO. 00-08
RESOLUTION ADOPTING THE 2000-2001
OPERATING BUDGET FOR THE ROUND ROCK
TRANSPORTATION SYSTEM DEVELOPMENT CORPORATION
WHEREAS, the Board of Directors of the Round Rock Transportation
System Development Corporation wishes to adopt an operating budget for
fiscal year 2000-2001 in accordance with the attached proposal, Now
Therefore
BE IT RESOLVED BY THE BOARD OF DIRECTORS OF THE ROUND ROCK
TRANSPORTATION SYSTEM DEVELOPMENT CORPORATION,
That the operating budget for fiscal year 2000-2001 be adopted as
set forth in Exhibit "A" attached hereto and incorporated herein for
all purposes .
The Board of Directors 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 12th day of October, 2000 .
ROUND ROCK TRANSPORTATION SYSTEM
DEV _: : ► CORPORA *ON
BY: j. / ft / 7 s1.
ROB ' A . STLU A , JR. , esident
ATTEST:
GAY MANBECK, Secretary
K:\WPDOCS\RESOLUTI\RRTSDC\0008.WPD/sc
,17''y of Round Rock
,und Rock Transportation System
Proposed Operating and Construction Budget
October 1, 2000 -"September 30, 2001
Estimated
Actual Actual Proposed
Budget Summary FY 1998-99 FY 1999-00 FY 2000-01
10/01 Beginning Fund Balance (*1) $2,220,339 $4,245,915 $16,597,558
Less Reserve for Working Capital (*2) (550,000) 0 0
Operating Revenue
Sales Tax 6,722,247 8,380,752 9,332,806..
Interest 274,457 300,000 275,000
Transfers In 0 3,100,000 0
Loan Proceeds 0 16,000,000 0
Total.Funds Available 8,667,043 32,026,667 26,205,364
Budgeted. Expenditures:
Administration & Project Management (128,973) (137,300) (158,850)
Debt Service 0 (75,000) (1,565,081)
Construction and Maintenance (*3) (4,292,155) (15,216,809) (28,094,062)
Transfers Out 0 0 (3,100,000)
09/30 Estimated Unreserved Fund Balance 4,245,915 16,597,558 . (6,712,629)
*1 Cash balance in FY 1999-00 excludes funds from County for CR113 and SH45
*2 Working Capital established at$650,000(cumulative total)
*3 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 multiple fiscal years:
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City of Round Rock
Round Rock Transportation System
Proposed Operating and Construction Budget
October 1,2000-September 30,2001
Actual Revised Proposed
Budget Detail FY98-99 FY99-00 FY00-01
Revenue and Other Sources
Sales Tax Proceeds $6,722,247 $6,913,333 $9,332,806
Interest Income 274,457 300,000 275,000
Transfer In from 1997 Certificates of Obligation - 3,100,000 0
Total Revenue $6,996,704 $10,313,333 $9,607,806
Operations Expenditures
Administration Costs
Contractual Services $8,400 $8,836 $9,278
Insurance - 770 847
Supplies,Training,Transportation,Misc. - 894 835
Total Administration Costs 8,400 10,500 10,960
Legal Services
Contractual Services 13,185 12,000 12,600
Legal Notices 1,500 1,800 1,890
Total Legal Services 14,685 13,800 14,490
Financial Services
Contractual Services 24,300 26,000 27,300
Audit Fees - 2,000 2,400
Total Financial Services 24,300 28,000 29,700
Engineering Services
Contractual Services 81,588 85,000 103,700
Total Engineering Services 81,588 85,000 103,700
Debt Service
Principal and Interest - - 1,500,081
Financing Fees - 75,000 65,000
Total Debt Service 0 75,000 1,565,081
Total Operations Expenditures 128,973 212,300 1,723,931
Transportation Capital Projects Expenditures
Greenlawn Extension 1,479,334 1,684,674 -
11-135 Tumarounds 177,462 2,764,008 270,880
Traffic Signal Coordination - 13,250 86,750
South Mays St.Extension 949,989 457,450 2,052,561
U.S.Highway 79 Improvements 1,596,432 566,684 386,884
Arterial A 11,363 2,633 636,004
Arterial B 77,575 258,596 5,237,287
R.R.Ave/Union Pacific Railroad(FM 620) - - 1,250,000
FM 1460-Old Settlers to CR195 - 42,514 4,357,486
Greenlawn Interchange - - -
FM 1460 - - 360,000
Arterial C - - 800,000
Prime Consulting - 67,000 33,000
SH 45 - 9,000,000 8,000,000
Hagler-Bailly Study - 350,000 -
Forest Creek/Double Creek - 10,000 2,244,958
CR 113 - - 2,050,000
Traffic Signals - - 300,000
SH130 Traffic Model - - 28,252
Total Capital Projects Expenditures 4,292,155 15,216,809 28,094,062
Transfers Out(reimburse City for Transfer from 97 COs) - - 3,100,000
Total Expenditures 4,421,128 • 15,429,109 32,917,993
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