Title
Consider an ordinance adopting Amendment No. 2 to the FY 2019-2020 Operating Budget. (Second Reading)
Body
Sports Center Fund
The Sports Center had limited usage for two months due to COVID-19 and experienced revenue and expense budget reductions. Even with tournaments being canceled, the Sports Center has been able to host several local events. Revenues for FY 2020 came in $600,000 higher than the adjusted budget, near the original budget for facility revenues. The expenses came in slightly higher than the reduced budget due to the higher than anticipated use of the Sports Center. This amendment recognizes an additional $10,000 of revenues and increases the expense budget for the fund by $10,000 to keep the fund compliant with the adopted budget.
Golf Fund
COVID-19 brought near record usage at the course with little negative operational impact on The Forest Creek Golf Club. The Forest Creek Golf Club remained open but with limited dining and gathering space due to the guidelines established by the Governor, but these were offset by additional play at the course. The Golf Fund exceeded budgeted revenues by $510,000. This amendment appropriates an additional $275,000 expense budget for the Golf Fund to be funded with the additional revenue.
General Fund - CARES Funding from Williamson County
COVID-19 had an operational impact on Fiscal Support in the General Fund. Total FY2020 expenses directly resulting from response to COVID-19 and prevention of future spread that have been submitted to Williamson County for reimbursement from CARES Funding are $557,000, of which $350,000 has been received to date. These expenses include purchases, use of City equipment, and overtime and benefits directly attributed to COVID-19.
CDBG Fund - CARES Funding from HUD
COVID-19 had an impact on the CDBG Fund. Expenses and revenues came in $376,000 higher than budgeted. This is a result of CARES funding awarded to the City of Round Rock CDBG program by HUD totali...
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