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G-07-11-08-9C1 - 11/8/2007 ORDINANCE NO. AN ORDINANCE ADOPTING AMENDMENT NO. 1 TO THE OPERATING BUDGET OF THE CITY OF ROUND ROCK, TEXAS FOR FISCAL YEAR 2006-2007. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: That the operating budget for the City of Round Rock, Texas for Fiscal Year 2006-2007 is hereby revised for municipal purposes pursuant to §102 . 010, Local Government Code and in accordance with the proposal submitted to the Council by the City Manager, which proposal is attached hereto as Exhibit "A" and is incorporated into this ordinance by reference for all purposes . The City Secretary is directed to file a certified copy of this ordinance along with a true copy of the attached revised budget with the County Clerk of Williamson County, Texas . The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Ordinance was adopted was posted and that such meeting was open to the public as required by law at all times during which this Ordinance 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. C�1r( READ and APPROVED on first reading this the J �� day of ��G��G°�. '1�" 2007 . READ, APPROVED and ADOPTED on second reading this the day o f ��(,'i rl � %tib 2007 . 0:\wdox\ORDINANC\071IOP(,I.WPD/rmc fF. LE WEL , Mayor City of Round Rock, Texas AT/T�ST: CHRISTINE R. MARTINEZ, City Secreta, y 2 City of Round Rock, Texas Budget Revision #1 Fiscal Year 2006-2007 2006-2007 2006-2007 Original Revised GENERAL FUND Budget Budget#1 Variance Revenues $ 78,864,000 $ 86,164,000 $ 7,300,000 Expenditures (78,858,648) (86,158,648) (7,300,000) Total Change in Fund Balance $ 5,352 $ 5,352 $ - UTILITY FUND Revenues $ 28,636,433 $ 28,636,433 $ - Operating Expenditures (28,635,765) (28,635,765) - Change in Operations 668 668 - Transfer to Self Financed Construction $ - - - Change in Working Capital $ 668 $ 668 $ - :EX:IBT 10/19/2007 1 City of Round Rock, Texas Budget Revision #1 Fiscal Year 2006-2007 2006-2007 2006-2007 Original Revised GENERAL FUND Budget Budget#1 Variance Revenues $ 78,864,000 $ 86,164,000 $ 7,300,000 DEPARTMENT Administration - 12 $ (1,925,920) $ (1,744,820) $ (181,100) Legal Services - 13 (1,105,725) (885,725) (220,000) Planning - 14 (1,731,164) (1,708,164) (23,000) Information Technology - 15 (1,336,194) (1,241,694) (94,500) Building Inspections - 16 (809,770) (766,770) (43,000) Finance - 17 (1,374,052) (1,305,052) (69,000) Purchasing - 18 (485,526) (488,026) 2,500 General Services - 19 (15,760,800) (14,760,800) (1,000,000) Library - 20 (2,291,831) (2,263,831) (28,000) Police -21 (18,146,511) (17,996,511) (150,000) Fire -22 (10,926,609) (10,632,109) (294,500) Parks & Recreation -23 (8,425,972) (7,921,972) (504,000) Human Resources -24 (914,568) (864,368) (50,200) Engineering & Dev. Svcs. -25 (3,146,438) (2,789,438) (357,000) Street-26 (7,720,755) (7,634,255) (86,500) Transportation -27 (1,010,341) (887,641) (122,700) City Shop - 28 (1,087,570) (1,046,570) (41,000) Municipal Court-29 (658,902) (634,402) (24,500) General Government-Transfer - (10,586,500) 10,586,500 Total Expenditures $ (78,858,648) $ (86,158,648) $ 7,300,000 10/19/2007 2 City of Round Rock, Texas Budget Revision #1 Fiscal Year 2006-2007 2006-2007 2006-2007 Original Revised UTILITY FUND Budget Budget#1 Variance Revenues $ 28,636,433 $ 28,636,433 $ - DEPARTMENT Utility Administration -40 $ (1,123,479) $ (1,123,479) $ - Water Treatment Plant-41 (6,686,795) (6,686,795) - Water Systems Support-42 (3,086,879) (3,086,879) - Water Line Maintenance -43 (2,058,901) (2,058,901) - Wastewater Treatment Plant-61 (7,155,654) (7,155,654) - Wastewater Systems Support- 62 (1,205,406) (1,205,406) - Wastewater Line Maintenance - 63 (1,639,055) (1,639,055) - Environmental Services - 64 (439,345) (439,345) - Utility Billings & Collections - 81 (1,114,251) (1,114,251) - Transfers -95 (4,126,000) (4,126,000) - General Government- Other Total Expenditures $ (28,635,765) $ (28,635,765) $ 0 *Scheduled Transfer of Available Working Capital 10/19/2007 3 City of Round Rock, Texas Budget Revision #1 Fiscal Year 2006-2007 General Fund - Effect of the revision on fund balance: Fund Balance 10/01/06 $ 32,472,684 Less Reserves ( *1) (30,082,354) Estimated Revenue (FY 2006-2007) 84,474,000 Interfund Transfers 1,690,000 Total Funds Available 88,554,330 Budgeted Expenditures (86,158,648) Estimated Unreserved Fund Balance 9/30/07 $ 2,395,682 *1 Reserve requirements established in accordance with operating reserve policies. Utility Fund - Effect of the revision on working capital: Estimated Working Capital 10/01/06 $ 15,725,236 Less Reserves ( *1) (10,308,875) Estimated Revenue (FY 2006-2007) 28,636,433 Interfund Transfers (1,926,000) Total Funds Available 32,126,794 Budgeted Expenditures (26,709,765) Estimated Working Capital 9/30/07 $ 5,417,029 (*2) *1 Reserves are established in accordance with operating reserve policies. *2 Funds are designated for Capital Improvements to the Utility System. 10/19/2007 4 City of Round Rock Budget Revision#1 Fiscal Year 2006-2007 Summary of Significant Adjustments General Fund FY 2007 Explanation Revenue Adjustments: Primarily due to larger amounts than usual Property Tax $ 300,000 under protest last year Sales Tax 2,000,000 Dell, Premium Outlets, IKEA Additional providers, more growth in Franchise Fees 580,000 customers Came in well above projections- Police Department Fines 450,000 enforcement projection based on estimated amount available to invest, previous performance Interest Income 2,600,000 and market changes Fire Protection Fees 250,000 ESD#9 contract TXU Lawsuit Settlement 300,000 Lawsuit settlement Building Permits 100,000 construction activity above estimates FTA Reimbursement 253,000 FTA Reimbursement for CARTS &Transit Additional fees for services, grants, Miscellaneous 467,000 reimbursements Total Revenue Adjustments-General Fund $ 7,300,000 Expenditure Adjustments: Primarily due to turnover& health Net Department Savings $ (2,286,500) insurance savings; 97% of budget spent Dell Program Payment $ (1,000,000) Dell Program Payment not earned Allocate fund for strategic projects through 2008 Capital Spending Plan Transfer 10,586,500 2008 Capital Spending Plan Total Expenditure Adjustments-General Fund $ 7,300,000 DATE: November 1, 2007 SUBJECT: City Council Meeting - November 8, 2007 ITEM: 9C1. Consider an ordinance adopting Amendment No. 1 to the FY 2006- 2007 Operating Budget. (Second Reading) Department: Finance Staff Person: Cindy Demers, Finance Director Justification: Designates additional funding collected in 2007. Funding: Cost: Enter amount or N/A Source of funds: General Fund/Water/Wastewater Utility Fund Outside Resources: N/A Background Information• This budget amendment allocates available cash from fiscal year 2006-2007 to specified capital purchases and capital projects. These available funds are provided primarily due to the collection of additional sales tax revenues, other revenues and departmental budget savings. Public Comment: N/A EXECUTED DOCUMENT FOLLOWS s L IIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIIillllllllllllllllllllllllll ORD 2007098723 9 PGS THE STATE OF TEXAS COUNTY OF WILLIAMSON CITY OF ROUND ROCK I, CHRISTINE R. MARTINEZ, City Secretary of the City of Round Rock, Texas, do hereby certify that I am the custodian of the public records maintained by the City and that the above and foregoing is a true and correct copy of Ordinance No. G-07-11- 08-9C1, which adopts Amendment No. 1 to the operating budget of the City of Round Rock for Fiscal Year 2006 - 2007. This ordinance was approved by the City Council on the 25th day of October 2007 and adopted on the 8th day of November 2007. This ordinance is recorded in the official City Council Minute Book No. 56. CERTIFIED by my hand and seal of the City of Round Rock, Texas on this 9th day of November 2007. xCHRISTINE R. MARTINEZ, City Secretary F t, S s 1`- ORDINANCE NO. AN ORDINANCE ADOPTING AMENDMENT NO. 1 TO THE OPERATING BUDGET OF THE CITY OF ROUND ROCK, TEXAS FOR FISCAL YEAR 2006-2007. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND ROCK, TEXAS: That the operating budget for the City of Round Rock, Texas for Fiscal Year 2006-2007 is hereby revised for municipal purposes pursuant to §10/2 . 010, Local Government Code and in accordance with the proposal submitted to the Council by the City Manager, which proposal is attached hereto as Exhibit "A" and is incorporated into this ordinance by reference for all purposes . The City Secretary is directed to file a certified copy of this ordinance along with a true copy of the attached revised budget with the County Clerk of Williamson County, Texas . The City Council hereby finds and declares that written notice of the date, hour, place and subject of the meeting at which this Ordinance was adopted was posted and that such meeting was open to the public as :required by law at all times during which this Ordinance 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. READ and APPROVED on first reading this the "rf day of 0(.710(ae-ly- , 2007 . READ, APPROVED and ADOPTED on second reading this the day of 2007 . 0:\wdox\ORDINANC\071108C1.WPD/rmc LE WEL ayor City of Round Rock, Texas AT ST: CHRISTINE R. MARTINEZ, City Secreta 2 City of Round Rock, Texas Budget Revision #1 Fiscal Year 2006-2007 2006-2007 2006-2007 Original Revised GENERAL FUND Budget Budget#1 Variance Revenues $ 78,864,000 $ 86,164,000 $ 7,300,000 Expenditures (78,858,648) (86,158,648) (7,300,000) Total Change in Fund Balance $ 5,352 $ 5,352 $ _ UTILITY FUND Revenues $ 28,636,433 $ 28,636,433 $ Operating Expenditures (28,635,765) (28,635,765) _ Change in Operations 668 668 _ Transfer to Self Financed Construction $ - _ Change in Working Capital $ 668 $ 668 $ _ EXHIBIT "All 10/19/2007 1 City of Round Rock, Texas Budget Revision #1 Fiscal Year 2006-2007 2006-2007 2006-2007 Original Revised GENERAL FUND Budget Budget#1 Variance Revenues $ 78,864,000 $ 86,164,000 $ 7,300,000 DEPARTMENT Administration - 12 $ (1,925,920) $ (1,744,820) $ (181,100) Legal Services - 13 (1,105,725) (885,725) (220,000) Planning - 14 (1,731,164) (1,708,164) (23,000) Information Technology- 15 (1,336,194) (1,241,694) (94,500) Building Inspections- 16 (809,770) (766,770) (43,000) Finance - 17 (1,374,052) (1,305,052) (69,000) Purchasing - 18 (485,526) (488,026) 2,500 General Services - 19 (15,760,800) (14,760,800) (1,000,000) Library- 20 (2,291,831) (2,263,831) (28,000) Police-21 (18,146,511) (17,996,511) (150,000) Fire-22 (10,926,609) (10,632,109) (294,500) Parks & Recreation -23 (8,425,972) (7,921,972) (504,000) Human Resources-24 (914,568) (864,368) (50,200) Engineering & Dev. Svcs. -25 (3,146,438) (2,789,438) (357,000) Street-26 (7,720,755) (7,634,255) (86,500) Transportation -27 (1,010,341) (887,641) (122,700) City Shop-28 (1,087,570) (1,046,570) (41,000) Municipal Court-29 (658,902) (634,402) (24,500) General Government-Transfer - (10,586,500) 10,586,500 Total Expenditures $ (78,858,648) $ (86,158,648) $ 7,300,000 10/19/2007 2 City of Round Rock, Texas Budget Revision #1 Fiscal Year 2006-2007 2006-2007 2006-2007 Original Revised UTILITY FUND Budget Budget#1 Variance Revenues $ 28,636,433 $ 28,636,433 $ - DEPARTMENT Utility Administration -40 $ (1,123,479) $ (1,123,479) $ - Water Treatment Plant-41 (6,686,795) (6,686,795) - Water Systems Support-4z"' (3,086,879) - Water Line Maintenance-43 (2,058,901) (2,058,901) - Wastewater Treatment Plant-61 (7,155,654) (7,155,654) - Wastewater Systems Support-62 (1,205,406) (1,205,406) - Wastewater Line Maintenance-63 (1,639,055) (1,639,055) - Environmental Services -64 (439,345) (439,345) - Utility Billings & Collections --81 (1,114,251) (1,114,251) - Transfers -95 (4,126,000) (4,126,000) - General Government- Other _ Total Expenditures $ (28,635,765) $ (28,635,765) $ 0 *Scheduled Transfer of Available Working Capital 10/19/2007 3 Y City of Round Rock, Texas Budget Revision #1 Fiscal Year 2006-2007 General Fund -Effect of the revision on fund balance: Fund Balance 10/01/06 $ 32,472,684 Less Reserves ( *1) (30,082,354) Estimated Revenue (FY 2006-2007) 84,474,000 Interfund Transfers 1,690,000 Total Funds Available 88,554,330 Budgeted Expenditures (86,158,648) Estimated Unreserved Fund Balance 9/30/07 $ 2,395,682 *1 Reserve requirements established in accordance with operating reserve policies. Utility Fund -Effect of the revision on working capital: Estimated Working Capital 10/01/06 $ 15,725,236 Less Reserves ( *1) (10,308,875) Estimated Revenue (FY 2006-2007) 28,636,433 Interfund Transfers (1,926,000) Total Funds Available 32,126,794 Budgeted Expenditures (26,709,765) Estimated Working Capital 9/30/07 $ 5,417,029 (*2) *1 Reserves are established in accordance with operating reserve policies. *2 Funds are designated for Capital Improvements to the Utility System. 10/19/2007 4 City of Round Rock Budget Revision#1 Fiscal.Year 2006-2007 Summary of Significant Adjustments General Fund FY 2007 Explanation Revenue Adiustments: Primarily due to larger amounts than usual Property Tax $ 300,000 under protest last year Sales Tax 2,000,000 Dell, Premium Outlets, IKEA Additional providers, more growth in Franchise Fees 580,000 customers Came in well above projections- Police Department Fine: 450,000 enforcement projection based on estimated amount available to invest, previous performance Interest Income 2,600,000 and market changes Fire Protection Fees 250,000 ESD#9 contract TXU Lawsuit Settlement 300,000 Lawsuit settlement Building Permits 100,000 construction activity above estimates FTA Reimbursement 253,000 FTA Reimbursement for CARTS&Transit Additional fees for services, grants, Miscellaneous 467,000 reimbursements Total Revenue Adjustments-General Fund $ 7,300,000 Expenditure Adjustments Primarily due to turnover&health Net Department Savings $ (2,286,500) insurance savings; 97%of budget spent Dell Program Payment $ (1,000,000) Dell Program Payment not earned Allocate fund for strategic projects through 2008 Capital Spending Plan Transfer 10,586,500 2008 Capital Spending Plan Total Expenditure Adjustments-General Fund $ 7,300,000 Ordinance No. G-07-11-08-90 Adopting Amendment No. l to the 2006-2007 City of Round Rock operating Budget AFTER RECORDING,PLEASE RETURN TO: CITY OF ROUND ROCK ATTN: CITY SECRETARY 221 E. MAIN STREET ROUND ROCK,TEXAS 78664 FILED AND RECORDED OFFICIAL PUBLIC RECORDS 2007098723 11/28/2007 02:22 PM SURRATT $48.00 NANCY E. RISTER, COUNTY CLERK WILLIAMSON COUNTY, TEXAS