4B-R-09-06 - 11/12/2009 RESOLUTION NO. 09-06
RESOLUTION ADOPTING THE 2009-2010
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 2009-2010 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 2009-2010 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 12th day of November, 2009.
ROUND ROCK TRANSPORTATION SYSTEM
DEVELOPMENT CORPORATION
By: 0 ✓
ALAN MCGRAW, President
ATTES :
/ 0-e4MM IW1, , Secretary
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City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2009 - September 30, 2010
Actual Actual Proposed
Budget Summary FY 07-08 FY 08-09 FY 09-10
10/01 Beginning Fund Balance $ 45,373,176 $ 52,442,253 $ 48,512,559
Less Reserve for Working Capital(1) (1,000,000) (1,000,000) (1,000,000)
Estimated Operating Revenue-
Sales Tax 17,054,170 15,254,876 14,000,000
Interest and Other 2,562,874 1,174,723 690,000
Federal Reimbursement 0 0 0
Loan Proceeds 16,798,622 0 0
Transfers In 0 0 0
Total Funds Available 80,788,842 67,871,852 62,202,559
Budgeted Expenditures-
Administration & Project Management (190,500) (190,000) (190,000)
Debt Service (5,282,560) (6,824,987) (6,827,000)
Construction -TCIP(2) (23,873,529) (13,344,306) (46,097,666)
Total Expenditures (29,346,589) (20,359,293) (53,114,666)
09/30 Estimated Unreserved Fund Balance $ 51,442,253 $ 47,512,559 $ 9,087,893
(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 annual budget control.
Expenditures shown include estimated FY 2008-2009 project costs.
EXHIBIT
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City of Round Rock
Round Rock Transportation System
Operating,Construction and Debt Service Budget
October 1,2009-September 30,2010
Actual Actual Proposed
Budget Detail FY 07-08 FY 08-09 FY 09-10
Revenue and Other Sources
Sales Tax Proceeds - $ 17,054,170 $ 15,254,876 $ 14,000,000
Interest Income&Other 2,562,874 1,174,723 690,000
Loan/Bond Proceeds 16,798,622 0 0
Total Revenue 36,415,666 16,429,599 14,690,000
Operations Expenditures
Administration Costs
Contractual Services 17,800 17,800 17,800
Insurance 500 500 500
Supplies,Training,Transportation,Misc. 1,000 1,000 1,000
Total Administration Costs 19,300 19,300 19,300
Legal Services
Contractual Services 14,700 12,000 12,000
Legal Notices 0 2,200 2,200
Total Legal Services 14,700 14,200 14,200
Financial Services
Contractual Services 34,500 34,500 34,500
Total Financial Services 34,500 34,500 34,500
Engineering Services
Contractual Services 122,000 122,000 122,000
Total Engineering Services 122,000 •122,000 122,000
Total Operations Expenditures 190,500 190,000 190,000
Debt Service
Principal Retirement 3,280,091 4,266,020 4,448,000
Interest Expense 2,001,560 2,558,058 2,378,000
Paying Agent Fees 909 909 1,000
Total Debt Service 5,282,560 6,824,987 6,827,000
Round Rock Transportation System
Operating,Construction and Debt Service Budget
October 1,2009 September 30,2010
Actual, Actual Proposed
Budget Detail FY 07-08 FY 08-09 FY 09-10
Transportation Capital Projects Expenditures
Traffic Light Signal Coordination 23,905 0 0
A.W.Grimes/Arterial B 423,193 397,221 0
, Arterial A39,493 1,262,499 12,817,007
U.S. Highway 79 from 1460 to CR 195 118,974 1,007,293 1,008,067
FM 1460/A.W.Grimes North 47,145 5,514,235 5,792,120
CR 113/Kiphen Road 4,341,301 2,824,703 835,769
Arterial C 0 36,124 449,876
Traffic Signals 372,552 748,003 2,565,142
Road Consulting 37,064 13,936 614,737
Hester's Crossing Bridge Replacement 13,642,338 (239,399) 1,708,705
1-35 Modifications 835,436 282,594 690,300
County Road 122(Red Bud)Phase 3 187,387 0 0
Wyoming Springs Drive 208,232 856,296 5,335,472
Arterial M-North Mays Extension 222,876 526,789 2,140,160
Oakmont Drive 1,637,701 0 0
Teravista 1,249,500 0 0
Arterial T-Seton Parkway 571,915 0 0
Red Bud Lane Phase 4 0 63,157 1,429,963
US 79 at North Mays 0 88,857 31,143
Arterial M-5 0 0 476,000
Arterial M-4 0 0 1,434,950
Cypress Cove Exptension 0 0 200,000
South Mays at Gattis School Road 0 63,460 499,168
Arterial L-2 0 0 243,000
Arterial M-3 0 0 375,000
FM 3406 0 295 909,705
A.W.Grimes Blvd.South 0 0 350,000
SW Downtown Main St.Project#1 0 0 1,200,000
SW Downtown Main St.Project#2,3,&7 0 46,010 4,363,990
SW Downtown Main St.Project#4&5 0 336,608 627,392
Retainage Adjustment (85,483) (484,375)
Total Capital Projects Expenditures 23,873,529 13,344,306 46,097,666
Total Expenditures $ 29,346,589 $ 20,359,293 $ 53,114,666
DATE: November 5, 2009
SUBJECT: Transportation System Development Corporation—November 12, 2009
ITEM: 6A. Consider a resolution approving the operating budget for the Round Rock
Transportation System Development Corporation for FY 2009-2010.
Department: Finance
Staff Person: Cheryl Delaney, Finance Director
Justification:
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%%sales
tax established for the purposes of providing transportation improvements.The Corporation oversees
those improvements with the further approval of the City Council.The Round Rock Transportation
System Development Corporation will hold a meeting on this date regarding the proposed Operating
Budget for the Round Rock Transportation System Development Corporation for FY 2009-2010.
Funding:
Cost: N/A
Source of funds: 1/2 %Sales Tax for Transportation
Outside Resources(if applicable):
Public Comment(if applicable):