R-11-01 - 3/10/2011 RESOLUTION NO. 11-01
RESOLUTION ADOPTING THE 2010-2011
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 2010-2011 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 2010-2011 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 March,2011.
ROUND ROCK TRANSPORTATION SYSTEM
DEVELOPMENT CORPORATION
By: Ce
/ J
ALAN MCGRAW, President
ATTEST: N.
I
,•� .14 ;Secretary
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City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2010 - September 30, 2011
Actual Actual Proposed
Budget Summary FY 08-09 FY 09-10 FY 10-11
10/01 Beginning Fund Balance $ 51,879,164 $ 50,249,470 $ 53,135,809
Less Reserve for Working Capital(1) (1,000,000) (1,000,000) (1,000,000)
Estimated Operating Revenue-
Sales Tax 15,254,876 15,406,285 13,500,000
Interest and Other 3,474,723 1,009,221 110,000
Total Funds Available 69,608,763 65,664,976 65,745,809
Budgeted Expenditures-
Administration & Project Management (190,000) (190,000) (190,000)
Debt Service (6,824,987) (6,825,000) (6,821,377)
Construction-TCIP(2) (13,344,306) (6,514,168) (20,777,761)
Total Expenditures (20,359,293) (13,529,168) (27,789,138)
09/30 Estimated Unreserved Fund Balance $ 49,249,470 $ 52,135,809 $ 37,956,670
(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 2010-2011 project costs.
EXHIBIT
i,A„
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget
October 1, 2010 -September 30,2011
Actual Actual Proposed
Budget Detail FY 08-09 FY 09-10 FY 10-11
Revenue and Other Sources
Sales Tax Proceeds $ 15,254,876 $ 15,406,285 $ 13,500,000
Interest Income&Other 3,474,723 1,009,221 110,000
Total Revenue 18,729,599 16,415,506 13,610,000
Operations Expenditures
Administration Costs
Insurance 500 500 500
Supplies,Training,Transportation, Misc. 3,200 1,000 1,000
Total Administration Costs 3,700 1,500 1,500
Legal Services
Contractual Services 12,000 14,200 14,200
Total Legal Services 12,000 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 139,800 139,800 139,800
Total Engineering Services 139,800 139,800 139,800
Total Operations Expenditures 190,000 190,000 190,000
Debt Service
Principal Retirement 4,266,020 4,251,116 4,638,703
Interest Expense 2,558,058 2,572,974 2,181,674
Paying Agent Fees 909 910 1,000
Total Debt Service 6,824,987 6,825,000 6,821,377
City of Round Rock
Round Rock Transportation System
Operating, Construction and Debt Service Budget(cont)
October 1,2010-September 30,2011
Actual Actual Proposed
Budget Detail FY 08-09 FY 09-10 FY 10-11
Transportation Capital Projects Expenditures
A.W.Grimes/Arterial B 397,221 12,360 0
Arterial A 1,262,499 221,490 4,278,197
U.S. Highway 79 from 1460 to CR 195 1,007,293 0 0
FM 1460-AW Grimes North 5,514,235 (409,594) 2,791,312
CR 113/Kiphen Road/Old Settlers Blvd. 2,824,703 529,639 306,131
Arterial C 36,124 340,476 109,400
Traffic Signals 748,003 981,481 1,583,659
Road Consulting 13,936 167,799 446,938
Hester's Crossing Bridge Replacement (239,399) 0 0
1-35 Modifications 282,594 0 0
Wyoming Springs Drive 856,296 2,260,986 668,833
Arterial M-North Mays Extension 526,789 501,993 2,298,342
Red Bud Lane Phase 4 63,157 853,202 310,116
US 79 at North Mays 88,857 0 31,143
Arterial M-4 0 2,500 0
South Mays at Gattis School Road 63,460 145,258 353,910
Arterial M-3 0 9,706 0
FM 3406 295 169,197 740,508
AW Grimes Blvd.South 0 0 350,000
RM620 at Union Pacific Railroad 0 128 499,872
SW Downtown Main St. Project#1 0 107,825 1,092,175
SW Downtown Main St. Project#2,3&7 46,010 231,548 4,132,441
SW Downtown Main St. Project#4&5 336,608 234,608 392,784
Doublecreek 0 0 392,000
Retainage Adjustment (484,375) 153,566 0
Total Capital Projects Expenditures 13,344,306 6,514,168 20,777,761
Total Expenditures $ 20,359,293 $ 13,529,168 $ 27,789,138
Agenda Item No. 7A.
Consider a resolution approving the Operating Budget for the Round Rock Transportation
Agenda Caption: System Develoment Corporation for FY 2010-2011.
Meeting Date: March 10,2011
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 Y2%sales tax established for the
purposes of providing transportation improvements.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 2010-2011.The Corporation oversees those improvements
with the further approval of the City.Council.