Resolution 95-28
RESOLUTION CIS -d3
A RESOLUTION OF THE WYLIE CITY COUNCIL OF THE CITY OF WYLIE, TEXAS,
APPROVING THE FY 1996 COMMUNITY SERVICES FACILITIES CAPITAL
IMPROVEMENTS PLAN AND THE FY 1996 MULTI-YEAR PLAN UTILIZING THE 4B
SALES TAX.
WHEREAS, the City Council, Advisory Boards, and Citizens have identified critical project and
program needs relating to the Parks, Recreation and Library Systems; and
WHEREAS, the City of Wylie collects the 4B Sales Tax, and those funds are to used for Parks,
Recreation and Library related projects; and
WHEREAS, Article IV of the Wylie Park and Recreation Facilities Development Corporation
establishes that the City Council will approve a "Community Services Facilities Capital Improvement
Plan" and a "Multi-Year Financial Plan" for submittal to the Wylie Park and Recreation Facilities
Development Corporation for funding authorization.
NOW, THEREFORE BE IT RESOLVED by the City council of the City of Wylie, that the
attached FY 1996 Community Services Facilities Capital Improvement Plan (Figure 1) and the FY
Multi- Year Financial Plan (Figure 2) are approved.
DULY PASSED AND APPROVED by the City Council of the City of Wylie, Texas on this 12th day
of September 1995.
fames D. Swartz, Mayor
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"48" PARK & RECREATION FUND
FY 1996-1998 COMMUNITY SERVICES FACILITIES CAPITAL IMPROVEMENTS PLAN
Prepared September 14, 1995
CAPITAL EXPENDITURES DETAIL
Future Athletic Field - Central Park
Land Acquisition (FY95)
Land Acquisition (FY96)
Concept & Final Design
Road
Construction
Community Center
Building Purchase
Concept & Final Design
Construction
Library
Concept & Final Design
Construction
Existing Facilities Improvements
Parks
Library
$1,923,090
63,090
315,000
120,000
45,000
1,380,000
$216,000
96,000
20,000
100,000
$175,000
25,000
150,000
o *
o *
* Spend on a Pay-As-You-Go Basis.
In FY95 the amount of money spent on the
immediate needs project list was $292,480.
"4B" PARKS AND RECREATION FUND
MULTI-YEAR FINANCIAL PLAN FOR FISCAL YEARS 1994/95 -1997/98
SUPPLEMENTARY SCHEDULE (CASH FLOW BASIS)
PROPOSED PROJECTED PROJECTED
BUDGET ESTIMATED BUDGET BUDGET BUDGET
1994-95 1994-95 1995-96 1996-97 1997-98
BEGINNING CASH BALANCE $39,980 $39,984 $6,710 $1,025,630 $111,390
REVENUES:
Sales Tax 260,000 262,500 270,500 270,500 270,500
Interest Income 2,000 1,110 40,000 30,000 5,000
library Grant 0 0 0 50,000 0
Tx. Parks & Wildlife Park Grant 0 0 0 500,000 0
Bond Proceeds 0 0 1,600,000 0 0
TOTAL REVENUES 262,000 263,610 1,910,500 850,500 275,500
TOTAL AVAILABLE RESOURCES $301,980 $303,594 $1,917,210 $1,876,130 $386,890
EXPENDITURES:
Community Center 0 0 126,000 90,000 0
Library 0 0 25,000 150,000 0
Central Park 94,600 102,860 480,000 1,380,000 0
Improvements to Existing: 0
Parks 0 0 0 0 0
library 10,000 8,930 0 0 0
Community Park 183,000 180,690 0 0 0
Debt Service 0 0 58,340 138,750 141 ,1 00
Fund Debt Service Reserve 0 0 142,500 0 0
Bond Issuance Costs 0 0 53,500 0 0
Interest on Loans from General Fund 0 4,400 6,240 5,990 0
TOTAL EXPENDITURES 287,600 296,880 891,580 1,764,740 141,100
ENDING CASH BALANCE $14,380 $6,714 $1,025,630 $111,390 $245,790
4BBDFP96
"48" PARKS AND RECREATION FUND
STATEMENT OF REVENUES AND EXPENDITURES
PROPOSED PROJECTED PROJECTED
BUDGET ESTIMATED BUDGET BUDGET BUDGET
1994-95 1994-95 1995-96 1996-97 1997-98
BEGINNING FUND BALANCE $39,980 $39,984 ($74,290) $1,025,630 $111,390
REVENUES:
Sales Tax 260,000 262,500 270,500 270,500 270,500
Interest Income 2,000 1,110 40,000 30,000 5,000
Library Grant 0 0 0 50,000 0
Tx. Parks & Wildlife Park Grant 0 0 0 500,000 0
Bond Proceeds 0 0 1,600,000 0 0
TOTAL REVENUES 262,000 263,610 1,910,500 850,500 275,500
TOTAL AVAILABLE RESOURCES $301,980 $303,594 $1,836,210 $1,876,130 $386,890
EXPENDITURES:
Community Center 0 81,000 45,000 90,000 0
Library 0 0 25,000 150,000 0
Central Park 94,600 102,860 480,000 1,380,000 0
Improvements to Existing: 0
Parks 0 0 0 0 0
Library 10,000 8,930 0 0 0
Community Park 183,000 180,690 0 0 0
Debt Service 0 0 58,340 138,750 141,1 00
Fund Debt Service Reserve 0 0 142,500 0 0
Bond Issuance Costs 0 0 53,500 0 0
Interest on Loans from General Fund 0 4,400 6,240 5,990 0
TOTAL EXPENDITURES 287,600 377 ,880 810,580 1,764,740 141 ,1 00
TOTAL FUND BALANCE $14,380 ($74,286) $1,025,630 $111,390 $245,790
4BBDGT96