4B-R-05-40 - 12/1/2005 RESOLUTION NO. 05-40
RESOLUTION ADOPTING THE 2005-2006
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 2005-2006 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 2005-2006 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 1st day of December, 2005 .
ROUND ROCK TRANSPO' AT .--S STEM
DEVELO O' t : ON
By:
ATTES : ► .' E MAXWELL, President
J r
7“A--
4, /� " ec-S - r¢- , Secretary
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•
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2005 - September 30, 2006
Estimated
Actual Actual Proposed
Budget Summary FY 03-04 FY 04-05 FY 05-06
10/01 Beginning Fund Balance $ 40,967,407 $ 43,723,980 $ 41,914,297
Less Reserve for Working Capital (1) (1,000,000) (1,000,000) (1,000,000)
Estimated Operating Revenue-
Sales Tax 12,160,742 14,513,128 14,743,000
Interest and Other 509,334 1,597,062 1,063,000
Loan Proceeds • - - -
Transfers In 738,573 - -
Total Funds Available 53,376,056 58,834,169 56,720,297
Budgeted Expenditures-
Administration &Project Management (184,000) (184,000) (190,000)
Debt Service (4,760,456) (4,758,855) (5,392,000)
Construction and Maintenance(2) (5,707,621) (12,977,017) (38,274,915)
Transfers Out - - -
Total Expenditures (10,652,077) (17,919,872) (43,856,915)
09/30 Estimated Unreserved Fund Balance $ 42,723,979 $ 40,914,297 $ 12,863,382
(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.
Expenditures shown include estimated FY 2005-2006 project costs.
City of Round Rock
Round Rock Transportation System
Operating,Construction and Debt Service Budget
October 1,2005-September 30,2006 Estimated
Actual Actual Proposed
Budget Detail FY 03-04 FY 04-05 FY 05-06
Revenue and Other Sources
Sales Tax Proceeds $12,160,742 $14,513,128 $14,743,000
Interest Income&Other 509,334 1,597,062 1,063,000
Loan/Bond Proceeds - - -
Transfers In-Outside 738,573 - -
Proceeds-Sale of Assets - - -
Total Revenue $13,408,649 $16,110,189 $15,806,000
Operations Expenditures
Administration Costs
Contractual Services $11,955 $12,000 $17,026
Insurance 500 500 547
Supplies,Training,Transportation,Misc. - 0 927
Total Administration Costs 12,455 12,500 18,500
Legal Services
Contractual Services 16,921 16,925 14,748
Legal Notices 40 0 2,177
Total Legal Services 16,961 16,925 16,925
Financial Services
Contractual Services34,703 34,700 31,828
Audit Fees - 0 2,872
Total Financial Services 34,703 34,700 34,700
Engineering Services
Contractual Services 119,881 119,875 119,875
Total Engineering Services 119,881 119,875 119,875
Total Operations Expenditures 184,000 184,000 190,000
Debt Service
Principal Retirement 2,289,108 2,386,817 2,842,000
Interest Expense 2,470,738 2,371,429 2,548,000
Financing Fees 610 610 2,000
Total Debt Service 4,760,456 4,758,855 5,392,000
Transportation Capital Projects Expenditures
Traffic Light Signal Coordination - 33,276 29,672
South Mays St.Extension 207,761 14,683 174,530
U.S.Highway 79 Improvements 440,167 0 90,000
A.W.Grimes/Arterial B 786,398 1,078,175 6,418,151
Arterial A 728,644 116 44,244
I1-135 Turnarounds 528,293 0 -
U.S.Highway 79 from 1460 to CR 195 1,784,658 3,692,231 2,005,511 •
SH 45 11,317 3,020,060 2,750,879
FM 1460 - - 87,616
Forest Creek 20,119 2,412,641 925,574
Double Creek 402,633 426,611 422,494
CR 113/Kiphen Road 33,655 258,068 7,081,526 -
Traffic Signals 308,759 75,474 839,135
Road Consulting 30,064 10,467 205,948
Hester's Crossing Bridge Replacement 38,195 333,401 733,608
1-35 Mod cations 139,975 1,275,266 6,772,181
Palm Valley(Feasibility Study) 8,159 79,241 -
CR122 Phase 1 and 2 - - 596,706
County Road 122(Red Bud)Phase 3 238,824 267,308 3,147,140
RM 620 - - 2,500,000
Oakmont Drive - - 2,200,000
Teravista - - 1,250,000
Total Capital Projects Expenditures 5,707,621 12,977,017 38,274,915
Total Expenditures $10,652,076 $17,919,872 $43,856,915
excel/411)(1s
DATE: November 23, 2005
SUBJECT: Transportation System Development Corporation - December 1, 2005
ITEM: 6.A. Consider a resolution approving the Operating Budget for the Round
Rock Transportation System Development Corporation for FY 2005-
2006.
Cindy Demers, Finance Director will make the staff presentation for the FY 2005-2006
Operating Budget for the Transportation System Development Corporation.
This budget will provide funding for debt service and administrative, financial, legal and
engineering services to the Transportation System Development 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 further
approval of the City Council.