4B-R-06-06 - 9/28/2006 RESOLUTION NO. 06-06
RESOLUTION ADOPTING THE 2006-2007
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 2006-2007 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 2006-2007 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 actedupon, all as required by the Open Meetings Act, Chapter
551, Texas Government Code, as amended.
RESOLVED this 28th day of September, 2006 .
ROUND ROCK TRANSPO:TA.' 0
DEVELOPMEN �.' ;.•r , . �,,+
;I
By:
ATT .// II NY -. WE , President
L/QillL4p.Zat,--
W. 47/4o N , Secretary
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City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2006 - September 30, 2007
Estimated
Actual Actual Proposed
Budget Summary FY 04-05 FY 05-06 FY 06-07
10/01 Beginning Fund Balance $ 43,723,980 $ 41,213,791 $ 22,462,329
Less Reserve for Working Capital (1) (1,000,000) (1,000,000) (1,000,000)
Estimated Operating Revenue-
Sales Tax 14,513,128 16,230,000 16,600,000
Interest and Other 1,601,076 1,778,869 956,000
Loan Proceeds - - -
Transfers In - - -
Total Funds Available 58,838,183 58,222,660 39,018,329
Budgeted Expenditures-
Administration &Project Management (184,000) (190,000) (190,000)
Debt Service (4,758,856) (4,760,850) (5,319,994)
Construction and Maintenance(2) (13,681,536) (31,809,481) (25,678,755)
Transfers Out - - -
Total Expenditures (18,624,392) (36,760,331) (31,188,749)
09/30 Estimated Unreserved Fund Balance $ 40,213,791 $ 21,462,329 $ 7,829,580
(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 2006-2007 project costs.
•
City of Round Rock
Round Rock Transportation System
Operating,Construction and Debt Service Budget
October 1,2006-September 30,2007 Estimated
Actual Actual Proposed
Budget Detail FY 04-05 FY 05-06 _ FY 06-07
Revenue and Other Sources
Sales Tax Proceeds $14,513,128 $ 16,230,000 $16,600,000
Interest Income&Other 1,601,076 1,778,869 956,000
Loan/Bond Proceeds - - -
Transfers In-Outside - - -
Proceeds-Sale of Assets - - -
Total Revenue $16,114,203 $18,008,869 $17,556,000
Operations Expenditures
Administration Costs
Contractual Services $12,000 $17,026 $17,026
Insurance 500 547 547
Supplies,Training,Transportation,Misc. - 927 927
Total Administration Costs 12,500 18,500 18,500
Legal Services
Contractual Services 16,925 14,748 14,748
Legal Notices 0 2,177 _ 2,177
Total Legal Services 16,925 16,925 16,925
Financial Services
•
Contractual Services 34,700 31,828 ' • 31,828
Audit Fees - 2,872 2,872
Total Financial Services 34,700 34,700 34,700
Engineering Services
Contractual Services 119,875 119,875 _ 119,875
Total Engineering Services 119,875 119,875 119,875
Total Operations Expenditures 184,000 190,000 190,000
Debt Service
Principal Retirement 2,386,817 2,492,390 2,910,656
Interest Expense 2,371,429 2,267,860 2,408,738
Financing Fees 610 600 600
Total Debt Service 4,758,856 4,760,850 5,319,994
Transportation Capital Projects Expenditures
Traffic Light Signal Coordination 33,276 29,269 -
South Mays St.Extension 15,637 63,209 -
A.W.Grimes/Arterial B 1,194,466 7,083,323 3,467,315
Arterial A 116 263,120 281,123
U.S.Highway 79 from 1460 to CR 195 4,014,921 676,323 1,321,937
SH 45 3,020,060 2,750,879
FM 1460 - 87,616 -
Forest Creek 2,431,334 440,083 -
Double Creek 592,244 138,714 -
CR 113/Kiphen Road 294,410 7,075,619 5,074,292
Traffic Signals 78,047 609,929 1,056,633
Road Consulting 21,192 72,070 87,453
Nester's Crossing Bridge Replacement 333,401 882,308 8,474,983
1-35 Modifications 1,304,948 8,742,499 -
Palm Valley(Feasibility Study) 79,604 4,400 -
CR 122 Phase 1 and 2 - 1,147,962 -
County Road 122(Red Bud)Phase 3 267,880 1,007,428 3,164,140
Oakmont Drive - 2,235,610 -
Teravista - 1,250,000
-
Total Capital Projects Expenditures 13,681,536 31,809,481 25,678,755
Total Expenditures $18,624,391 $36,760,331 $31,188,749
excel/4B.xls
DATE: September 22, 2006
SUBJECT: Transportation System Development Corporation - September 28, 2006
ITEM: 7.B. Consider a resolution approving the Operating Budget for the Round
Rock Transportation System Development Corporation for FY 2006-
2007.
Cindy Demers, Finance Director will make the presentation for this item.
This budget provides funding for debt service and administrative, financial, legal and
engineering services to the Round Rock 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 the further approval of the City Council.