4B-R-03-27 - 11/13/2003 RESOLUTION NO. 03-27
RESOLUTION ADOPTING THE 2003-2004
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 2003-2004 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 2003-2004 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 13th day of November, 2003 .
ROUND ROCK TRANSPORTATION S
DEVELOPME CO'PO' : IO►
By: •
ATTEST: IAVPA WELL, Pre
'
R /CE/� , Secretary y
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City of Round Rock
Round Rock Transportation System
Proposed Operating and Construction Budget
October 1, 2003 - September 30, 2004
Estimated
Actual Actual Projected
Budget Summary FY 2001-02 FY 2002-03 FY 2003-04
10/01 Beginning Fund Balance $ 34,908,975 $ 44,678,469 $ 34,013,449
Less Reserve for Working Capital(1) (1,000,000) (1,000,000) (1,000,000)
Estimated Operating Revenue-
Sales Tax 10,012,966 11,251,670 11,016,667
Interest and Other 754,753 606,154 232,000
Loan Proceeds 15,000,000 0 0
Transfers In 0 784,341 0
Total Funds Available 59,676,694 56,320,634 44,262,116
Budgeted Expenditures-
Administration&Project Management (165,384) (170,405) (184,000)
Debt Service (3,485,075) (4,760,655) (4,761,870)
Construction and Maintenance(2) (12,347,766) (18,376,125) (29,407,983)
Transfers Out 0 0 0
Total Expenditures (15,998,225) (23,307,185) (34,353,853)
09/30 Estimated Unreserved Fund Balance $ 43,678,469 $ 33,013,449 $ 9,908,263
(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 "A"
City of Round Rock
Round Rock Transportation System
Operating,Construction and Debt Service Budget
October 1,2003-September 30,2004 Estimated
Actual Actual Proposed
Budget Detail FY01-02 FY02-03 FY03-04
Revenue and Other Sources
Sales Tax Proceeds $10,012,966 $11,251,670 $11,016,667
Interest Income 754,753 569,263 232,000
Loan/Bond Proceeds 15,000,000 - -
Transfers In-Outside - 784,341 -
Proceeds-Sale of Assets - 36,891
-
Total Revenue $25,767,719 $12,642,166 $11,248,667
Operations Expenditures
Administration Costs
Contractual Services $9,650 $10,132 $11,026
Insurance 900 900 544
Supplies,Training,Transportation,Misc. 775. 850 925
Total Administration Costs 11,325 11,882 12,495
Legal Services
Contractual Services 15,104 13,550 14,745
Legal Notices 75 2,000 2.176
Total Legal Services 15,179 15,550 16,921
Financial Services
Contractual Services 31,032 29,250 31,830
Audit Fees - 2,640 2,873
Total Financial Services 31,032 31,890 34,703
Engineering Services
Contractual Services 107,848 111,083 119,881
Total Engineering Services 107,848 111,083 119,881
Total Operations Expenditures 165,384 170,405 184,000
Debt Service
Principal and Interest-Revenue Bonds 1,344,229 2,194,135 2,289,120
Principal and Interest-S.I.B.Loan 2,140,237 2,565,910 2,470,750
Financing Fees 610 610 2,000
Total Debt Service 3,485,075 4,760,655 4,761,870
Transportation Capital Projects Expenditures
Greenlawn Extension 177,579 196,812 -
IH35 Turnarounds 5,000 316,731 -
Traffic Signal Coordination - 77,758 -
South Mays St.Extension 1,120,818 446,471 411,752
U.S.Highway 79 from 1460 to CR 195 926,272 57,788 4,008,180
Arterial A 190,872 87,773 336,805
A.W.Grimes/Arterial B 7,148,010 2,539,657 5,892,562
U.S.Highway 79 Improvements 5,013 327,816 -
Greenlawn Interchange - - -
FM 1460 512,153 16,012 71,835
Arterial C - - 320,000
Prime Consulting 500 48,173 -
SH 45 680,335 12,604,335 -
Forest Creek/Double Creek 838,084 499,577 3,948,837
CR 113/Kiphen Road 204,181 805,921 2,381,012
Traffic Signals 52,926 94,871 611,077
SH130 Traffic Model - 0 -
Transportation Consulting 16,822 - -
Regional Mobility Study 50,000 25,000 -
Road Consulting - 113,537 43,816
Hester's Crossing Bridge Replacement - 36,225 6,463,775
1.35 Modifications 36,751 81,668 4,918,332
Hagler Bailly Study - 0 -
Project Cost Retainage Payable 333,850 - -
Bond Issuance Costs 48,600 - -
Total Capital Projects Expenditures 12,347,766 18,376,125 29,407,983
Transfers(Reimburse City for IH35 Turnarounds) - - -
Total Expenditures $15,998,225 $23,307,185 $34,353,853
exceUtrans_budget 04.xls
DATE: November 7, 2003
SUBJECT: Transportation System Development Corporation - November 13, 2003
ITEM: 7. Consider a resolution adopting the Operating Budget for the Round Rock
Transportation System Development Corporation for Fiscal Year 2003-2004.
This 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 purposes of providing transportation improvements. The Corporation
oversees those improvements with the further approval of the City Council.