HomeMy WebLinkAboutPRFD 2006-08-28 Agendas
THE BOARD OF DIRECTORS OF THE
NORTH RICHLAND HILLS PARKS AND RECREATION
FACILITIES DEVELOPMENT CORPORATION AGENDA
AUGUST 28,2006 - 6:15 P.M.
For the Meeting conducted at the North Richland Hills City Hall Council Chambers,
7301 Northeast Loop 820, at 6:15 p.m. The below listed items are placed on the
Agenda for discussion and/or action.
Persons with disabilities who plan to attend this meeting and who may need assistance
should contact the City Secretary's office at 817-427-6060 two working days prior to the
meetin so that a ro riate arran ements can be made.
NUMBER ITEM ACTION TAKEN
1. Call to Order
2. FDC 2006-003 Public Hearing on the Park &
Recreation Facilities Development
Corporation Proposed Operating
Budget and Authorize Adoption
3. FDC 2006-004 Public Hearing on the Park &
Recreation Facilities Development
Corporation Proposed Capital Projects
Budget and Authorize Adoption
4. Adjournment
Certification
I do hereby certify that the above notice of meeting of the Board of Directors of the
North Richland Hills Park and Recreation Facilities Development Corporation was
posted at City Hall, City of North Richland Hills, Texas in compliance with Chapter 551,
Texas Government Code on August 2.5..... 20~,?' ~
. (1(1 A ofuo
\\~. Secr ry of Corp oration
NORTH RICHLAND HILLS PARK AND RECREATION
FACILITIES DEVELOPMENT CORPORATION
Date: 8/28/06
Subject: Public Hearinq on the Park and Recreation
Facilities Development Corporation Proposed
Annual Operating Budget and Authorize Adoption
Control Number: FDC 2006-03
The State laws regarding the Park and Recreation Facilities Development Sales Tax
require the Corporation Board to hold a public hearing prior to the adoption of the budget.
The notice of this public hearing was published in the Star Telegram newspaper in
accordance with State law. The public hearing for the 2006-2007 Park and Recreation
Facilities Development Corporation budget was advertised for 6:15 p.m., August 28,2006.
The proposed 2006-2007 Park and Recreation Facilities Development Corporation Annual
Operating Budget was reviewed by the City Council August 4, 2006 at the City's annual
budget work session. The proposed budget for 2006-2007 is $4,309,648. And the revised
budget for 2005-2006 is $4,317,856. A summary report is attached for your review.
The Park and Recreation Facilities Development Corporation Board met on August 24,
2006 to discuss the proposed 2006-2007 Park and Recreation Facilities Development
Operating Budget. The Board consensus was to support the proposed budget and submit
it for the public hearing, August 28, 2006. The operating budget will be presented during
the public hearing.
In order to obtain maximum input of the citizens on the proposed budget, it is suggested
that the public hearing be opened and public comment permitted.
Recommendation:
To conduct a public hearing and to take action to approve the revised 2005-2006 and the
proposed 2006-2007 Annual Operating Budget and recommend Council approval.
Source of Funds:
Bonds
Operating Budget
-~f
o ect of Parks and Recreation
Account Number
It ~ ~b~~ T~,"'e'
, d~f:itp¥ENT
I FDC ACTION ITEM I
Page 1 of 1
FISCAL YEAR 2006-2007
SCHEDULE 6 - SUMMARY OF REVENUES AND EXPENDITURES
PARK AND RECREATION FACILITIES DEVELOPMENT FUND
ADOPTED REVISED PROPOSED
ACTUAL ACTUAL BUDGET BUDGET BUDGET
FY 2003/04 FY 2004/05 FY 2005/06 FY 2005/06 FY 2006/07
REVENUES
Sales Tax $4,107,934 $3,855,727 $3,861,112 $3,861,112 $3,899,723
Interest Income 71,415 91,236 86,000 86,000 78,375
Youth Assn. Maintenance Fees 28.798 23,805 28,500 29,000 29,000
Tennis Center Revenue 289,375 280,505 310,750 294,750 302,550
Other Income 132,296 215,107 0 0 0
Appropriation - PY Encumbrances 0 0 0 46,994 0
TOTAL REVENUES $4,629,818 $4,466,380 $4,286,362 $4,317,856 $4,309,648
EXPENDITURES
Operatina
Park Facilities Development Admin. $413,202 $271,649 $494,435 $451,188 $452,322
Parks & Public Grounds 897,424 1,138,096 1,310,632 1,313,065 1,503,978
Tennis Center Operations 435,514 434,607 491,085 478,042 517.731
Sub-Total $1,746,140 $1,844,352 $2,296,152 $2,242,295 $2,474,031
Other & Reserves
Debt Service - Revenue Bonds $1,151,008 $1,143,171 $1,002,823 $1,002,823 $1,138,083
Debt Service - CO's 218,744 212,196 205,425 205,425 191,919
Indirect Costs 241,582 253,659 261,269 261,269 274,332
Market Adjustment 0 0 0 0 22,116
Non-Departmental 0 12,859 13,450 13,450 14,181
Reserve for Economic Development 0 250,000 193,056 193,056 194,986
Reserve for Capital Projects 1,272,344 750,143 314,187 352,544 0
Sub-Total $2,883,678 $2,622,028 $1,990,210 $2,028,567 $1,835,617
Previous Year Encumbrances 46,994
TOTAL EXPENDITURES $4,629,818 $4,466,380 $4,286,362 $4,317,856 $4,309,648
BALANCE $0 $0 $0 $0 $0
10
NORTH RICHLAND HILLS PARK AND RECREATION
FACILITIES DEVELOPMENT CORPORATION
Date: 8/28/06
Subject: Public Hearinq on the Park and Recreation
Facilities Development Corporation Proposed
Capital Projects Budget and Authorize Adoption
Control Number: FDC 2006-04
The State laws regarding the Park and Recreation Facilities Development Sales Tax
require the Corporation Board to hold a public hearing prior to the adoption of the budget.
The notice of this public hearing was published in the Star Telegram newspaper in
accordance with State law. The public hearing for the 2006-2007 Park and Recreation
Facilities Development Corporation Fund was advertised for 6:15 p.m., August 28,2006.
The proposed 2006-2007 Park and Recreation Facilities Development Corporation Capital
Projects Budget was reviewed by the City Council August 5, 2006 at the City's annual
budget work session. The proposed budget for 2006-2007 is $1,964,889. A summary
report is attached for your review.
The Park and Recreation Facilities Development Corporation Board met on August 24,
2006 to discuss the proposed 2006-2007 Park and Recreation Facilities Development
Capital Budget. The Board consensus was to support the proposed capital budget and
submit it for the public hearing, August 28, 2006. The Capital Projects Budget will be
presented during the public hearing.
In order to obtain maximum input of the citizens on the proposed budget, it is suggested
that the public hearing be opened and public comment permitted.
Recommendation:
To conduct a public hearing and to take action to approve the proposed 2006-2007 Capital
Projects Budget and recommend Council approval.
Source of Funds:
Bonds
Operating Budget
~~parkS and Recreation
Account Number
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~ \uJ daljí~NT
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I FDC ACTION ITEM I
Page 1 of 1
Schedule 4
2006/2007 Park and Recreation Capital Projects
Budget Summary
Map E.g"
ID No.
Project
To Date
Proposed
2006/2007
Estimated
2007/2008
Remaining
Amount
1
2
3
4
5
6
7
8
9
10
11
$75,447 40,950 $593,786 $0
201,325 76,210 485,354 165,111
° 530,268 310,000 °
$35,000 $10,000 $0 $0
40,000 20,000 0 0
0 145,000 155,000 0
253,593 76,865 0 0
64,210 20,000 ° 0
260,139 79,319 0 0
290,464 193,708 1,442,518 473,310
356,763 115,554 0 °
70,800 29.200 ° 0
804 ° 149,196 0
422,985 330.615 ° 0
12
13 141
Total Continuing Projects
$2,071,530
$1,667,689
$3,135,854
$638,421
17
$0
0
0
200,000
0
0
°
$0
0
0
°
0
°
$25,000
30.000
37.000
89,200
25,000
61.000
30,000
$0
24,000
0
15.000
275,000
0
0
14 145
15 147
16 149
Total New Projects
$0
$297,200
$314,000
$200,000
Future Projects
18 - Cross Timbers Park Development Phase II
19 - Girl's Fast Pitch Softball Complex II
20 Little Bear Creek Community Park
21 - Northfield Park Redevelopment
22 - Stonybrooke Neiçhborhood Park
~~~
$2,500,000
2,500,000
1,550,000
2,800,000
450,000
Total Future Projects
$0
$0
Total
$710,183
928,000
840,268
$45,000
60,000
300,000
330,458
84,210
339,458
2,400,000
472,317
100,000
150,000
753,600
$7,513,494
$25,000
54,000
37,000
304,200
300,000
61,000
30,000
$811,200
$2,500,000
2,500,000
1,550,000
2,800,000
450,000
$0 $9,800,000 $9,800,000
Total Project Costs
$2,071,530
$1,964,889
$3,449,854 $10,638,421 $18,124,694
$3,4 70,520 $502,200 $309,000 $10,000,000 $14,281,720
0 0 150,000 0 150,000
529.010 601,766 1,455,925 1,106,273 3,692,974
$3,999,530 $1,103,966 $1,914,925 $11,106,273 $18,124,694
Sources of Funds
Sales Tax Reserve for CIP
TEA-21 Grant Funds
ISTEA Grant Funds
Total Sources of Funds
9