4B-R-02-24 - 10/10/2002 RESOLUTION NO. 02-24
RESOLUTION ADOPTING THE 2002-2003
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 2002-2003 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 2002-2003 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 10th day of October, 2002 .
ROUND ROCK TRANSPORTA •N SYSTEM
DEVELOP,. NI Ct 'PO; ON
By: �
ATTE,T: • n WELL, President
AvaL
. ,►y gAlItt=VN ,, Secretary
0:\wdox\RESOLUTI\0024.WPD/rmc
City of Round Rock
Round Rock Transportation System
'roposed Operating and Construction Budget
October 1, 2002 - September 30, 2003
Estimated
Actual Actual Projected
Budget Summary FY 2000-01 FY 2001-02 FY 2002-03
10/01 Beginning Fund Balance $ 23,634,655 $ 33,908,977 $ 27,219,114
Less Reserve for Working Capital(1) (1,000,000)
•
Estimated Operating Revenue-
Sales Tax 10,456,600 10,011,974 10,000,000
Interest 1,238,064 681,266 340,000
Loan Proceeds 25,890,000 15,000,000 0
Transfers In 217,703 0 0
Total Funds Available 60,437,022 59,602,217 37,559,114
Budgeted Expenditures-
Administration & Project Management (158,360) (162,200) (170,405)
Debt Service (1,500,081) (3,485,075) (4,762,046)
Construction and Maintenance(2) (23,040,215) (28,735,828) (16,308,133)
Transfers Out (1,829,389) 0 0
Total Expenditures (26,528,045) (32,383,103) (21,240,584)
09/30 Estimated Unreserved Fund Balance $ 33,908,977 $ 27,219,114 $ 16,318,530
(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.
EXHIBIT
IIAII
City of Round Rock •
Round Rock Transportation System
operating,Construction and Debt Service Budget
Tctober 1,2002-September 30,2003 Estimated _
_ Actual Actual Proposed
Budget Detail FY00-01 FY01-02 FY02-03
Revenue and Other Sources
Sales Tax Proceeds $10,456,600 $10,011,974 $10,000,000
Interest Income 1,238,064 681,266 340,000
Loan/Bond Proceeds 25,890,000 15,000,000 0
Transfers In 217,703 0 0 .
Total Revenue $37,802,367 $25,693,240 $10,340,000
Operations Expenditures
Administration Costs
Contractual Services $9,278 $9,650 $10,132
Insurance 818 500 900
Supplies,Training,Transportation,Misc. 864 29 850
Total Administration Costs 10,960 10,179 11,882
Legal Services
Contractual Services 14,000 13,104 13,550
Legal Notices 0 37 2,000
Total Legal Services 14,000 13,141 15,550
Financial Services
Contractual Services 29,700 28,392 29,250
Audit Fees 0 2,640 . 2,640
Total Financial Services 29,700 31,032 31,890
Engineering Services
Contractual Services 103,700 107,848 _ 111,083
Total Engineering Services 103,700 107,848 111,083
Total Operations Expenditures 158,360 162,200 170,405
Debt Service
Principal Retirement 764,081 1,344,229 2,194,135
Interest Expense 736,000 2,140,237 2,565,911
- Financing Fees 0 609 2,000
Total Debt Service 1,500,081 3,485,075 4,762,046
Transportation Capital Projects Expenditures
Greenlawn Expansion 424,898 374,391 0
IH35 Turnarounds 270,880 321,732 0
Traffic Signal Coordination 8,992 44,258 33,500
South Mays St.Realignment 1,576,644 1,579,041 0
U.S.Highway 79 54,054 232,829 100,000
Arterial A Engineering 11,589 391,342 224,108
AW Grimes Boulevard4,409,227 7;855,429 7,269,016 •
R.R.Ave/Union Pacific Railroad_(FM 620) 0 0 0
U.S.79 from FM 1460 to CR195 200;815 950,134 2,962,106 •
Greenlawn Interchange 0 0 0
FM 1460 R.O.W. 0 600,000, 0
Arterial C 0 0 200,000
Prime Consulting-Toll Road Study 6,371 12,418 35,755
SH 45 14,328,610 11,907,759 0
Hagler-Bailly Study 69,113 16,707 0
Forest Creek/Double Creek 523,921 3,032,931 3,351,208
CR 113 633,150 979,708 1,433,288
Traffic Signals 41,126 234,722 524,152
SH130 Traffic Model 0 28,252 0
Regional Mobility Study 0 75,000 0
IH 35 Modifications 0 0 100,000
Issuance Costs 455,000 0 0
Road Consulting 25,825 99,175 75,000
Total Capital Projects Expenditures 23,040,215 28,735,828 16,308,133
Transfers(Reimburse City for IH35 Turnarounds) 1,829,389 0 0
Total Expenditures $26,528,045 $32,383,103 $21,240,584
exceUtrans budget03.xls
DATE: October 4, 2002
SUBJECT: Transportation System Development Corporation—October 10, 2002
ITEM: S.A. Consider a resolution approving the 2002-2003 Operating Budget for
the Round Rock Transportation System Development Corporation.
Resource Person: David Kautz, Chief Financial Officer
History: The budget provides funding for debt service and 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 Corporation oversees those improvements with the further approval of the
City Council.