4B-R-01-17 - 10/25/2001 RESOLUTION NO. 01-17
RESOLUTION ADOPTING THE 2001-2002
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 2001-2002 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 2001-2002 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.
RESOLVED this 25th day of October, 2001 .
ROUND 'o, TRANSPORTATION SYSTEM
DE LOPME +T C•RPO; TION
B • ,Ii/. i r.' _ �
ATTES =B: ROW A. STLUKA, JR. President
C`11/1 , Secretary
::0DMA\WORLDOX\0:\WDOX\RESOLUTI\RRTSDC\0017.WPD/sc
City of Round Rock
Round Rock Transportation System
Proposed Operating and Construction Budget
October 1, 2001 - September 30, 2002 ,
Estimated
Actual Actual Projected
Budget Summary FY 1999-00 FY 2000-01 FY 2001-02
10/01 Beginning Fund Balance $ 5,344,947 $ 22,751,408 $ 34,018,942
Less Reserve for Working Capital(1) (1,000,000)
Estimated Operating Revenue-
Sales Tax 8,380,745 10,456,600 10,559,026
Interest 617,373 1,238,064 275,000
Loan Proceeds 15,929,331 25,890,000 0
Transfers In 8,929,389 217,703 0
Total Funds Available 38,201,785 60,553,775 44,852,968
Budgeted Expenditures-
Administration & Project Management (137,300) (158,850) (165,384)
Debt Service 0 (1,500,081) (3,620,859)
Construction and Maintenance(2) (15,313,077) (23,046,513) (20,635,195)
Transfers Out 0 (1,829,389) 0
Total Expenditures (15,450,377) (26,534,833) (24,421,438)
09/30 Estimated Unreserved Fund Balance $ 22,751,408 $ 34,018,942 $ 20,431,530
(1) Working Capital established at $1,000,000
(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 multiple fiscal years.
City of Round Rock
Round Rock Transportation System
Operating,Construction and Debt Service Budget
October 1,2001 -September 30,2002 Estimated
Actual Actual Proposed
Budget Detail FY99-00 FY00-01 FY01-02
Revenue and Other Sources
Sales Tax Proceeds $8,380,745 $10,456,600 $10,559,026
Interest Income 617,373 1,238,064 275,000
Loan/Bond Proceeds 15,929,331 25,890,000 0
Transfers In 8,929,389 217,703 0
Total Revenue $33,856,838 $37,802,367 $10,834,026
Operations Expenditures
Administration Costs
Contractual Services $8,836 $9,278 $9,650
Insurance 771 847 900
Supplies,Training,Transportation,Misc. 894 835 850
Total Administration Costs 10,500 10,960 11,400
Legal Services
Contractual Services 12,000 12,600 13,104
Legal Notices 1,800 1,890 2,000
Total Legal Services 13,800 14,490 15,104
Financial Services
Contractual Services 28,000 27,300 28,392
Audit Fees 0 2,400 2,640
Total Financial Services 28,000 29,700 31,032
Engineering Services
Contractual Services 85,000 103,700 107,848
Total Engineering Services 85,000 103,700 107,848
Total Operations Expenditures 137,300 158,850 165,384
Debt Service
Principal and Interest-Revenue Bonds 0 0 2,105,778
Principal and Interest-S.I.B.Loan 0 1,500,081 1,500,081
Financing Fees 0 0 15,000
Total Debt Service 0 1,500,081 3,620,859
Transportation Capital Protects Expenditures
Greenlawn Extension 1,190,229 424,898 0
IH35 Turnarounds 2,729,389 270,880 321,731
Traffic Signal Coordination 13,250 8,992 38,500
South Mays St.Extension 474,327 1,576,644 1,314,015
U.S.Highway 79 Improvements 566,684 54,054 25,537
Arterial A 11,598 11,589 439,364
Arterial B 385,324 4,409,226 8,828,244
R.R.Ave/Union Pacific Railroad(FM 620) 0 0 0
FM 1460-Old Settlers to CR195 46,945 200,815 2,249,519
Greenlawn Interchange 0 0 0
FM 1460 0 0 600,000
Arterial C 0 0 400,000
Prime Consulting 45,456 6,372 0
SH 45 9,536,664 14,334,909 1,000,000
Hagler-Bailly Study 264,180 69,113 0
Forest Creek/Double Creek 523,921 4,111,660
CR 113 2,282 633,150 565,536
Traffic Signals 0 41,126 538,662
SH130 Traffic Model 46,748 0 28,252
Transportation Consulting 0 25,825 174,175
Issuance Costs 0 455,000 0
l' Total Capital Projects Expenditures 15,313,077 _ 23,046,513 20,635,195
Transfers(Reimburse City for IH35 Turnarounds) 0 1,829,389 0
Total Expenditures $15,450,377 $26,534,833 $24,421,438
exceUtra ns_budg et.xls