G-07-11-08-9C7 - 11/8/2007 ORDINANCE NO.
AN ORDINANCE ADOPTING A BUDGET FOR THE PARKS
IMPROVEMENT AND ACQUISITION ACCOUNT FOR THE 2007-2008
FISCAL YEAR.
WHEREAS, in §1 . 1711 of the Round Rock Code of Ordinances, the
City Council established the Parks Improvement and Acquisition
Account in which to deposit donations earmarked for park
improvements, in addition to payment of cash in lieu of land from
developers and subdivisions, and
WHEREAS, expenditures from the Parks Improvement and
Acquisition Account are to be used exclusively for improvement of
existing and future parks and for the acquisition of land for
future parks, and
WHEREAS, the Parks and Recreation Department has submitted a
proposed budget for the Parks Improvement and Acquisition Account
for fiscal year 2007-2008, and
WHEREAS, the City Council wishes to approve said proposal,
Now Therefore
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF ROUND
ROCK, TEXAS:
That the budget for the Parks Improvement and Acquisition
Account submitted by the Parks and Recreation Department for fiscal
year 2007-2008, attached hereto as Exhibit "A" , is hereby approved.
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
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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
day of r P .;X` f s , 2007 .
READ,APPROVED and ADOPTED on second reading this the
day of : '� ,�: 2007 .
NY WEL ayor
it of Round Rock, Texas
ATTEST:
LCCHRISTINE R. MARTINEZ, City Secret: y
2
City of Round Rock
Parks Improvement &Acquisition Fund #520
2007-2008 Proposed Budget
6- 06-07 0:
Approved Estimated Proposed
Description of Item Budget Actual Budget
Estimated Fund Balance 10/1/07 $66,988 $66,988 $100,588
Less: Ball field Reserves (30,751) (30,751) (10,059)
36,237 36,237 90,529
REVENUES:
Sports League Fees 8,000 7,400 7,500
Interest Income 13,000 26,200 20,000
Donations/Contributions 0 0 0
Donations/Contributions - Developers 50,000 0 293,050
Total Revenues 71,000 33,600 320,550
Total Funds Available 107,237 69,837 411,079
EXPENDITURES:
Parkland Development
Parkland Development 50,000 0 293,050
Total Expenditures 50,000 0 293,050
Estimated Unreserved Fund Balance 9/30/08 $57,237 $69,837 $118,029
EEXHIBIT
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"All
DATE: November 1, 2007
SUBJECT: City Council Meeting - November 8, 2007
ITEM: *9C7. Consider an ordinance adopting the Parks Improvement and
Acquisition Account Budget for FY 2007-2008. (Second Reading)
Department: Finance
Staff Person: Cheryl Delaney, Assistant Finance Director
Rick Atkins, Parks and Recreation Director
Justification:
This fund accounts for specific revenues generated from parks and recreation related
activities.
Funding:
Cost: N/A
Source of funds: N/A
Outside Resources: N/A
Background Information:
This fund accounts for the collection and expenditure of fees from two specific parks and
recreation related sources: sports league teams fees used for the improvement of facilities;
and, park development fees collected from developers of subdivisions who choose to
provide cash in lieu of designating parkland. These funds are restricted based on guidelines
provided in the subdivision ordinance. This fund also accounts for any specific donations the
City may receive related to Parks improvements.
Public Comment: N/A