17-61 O - Amending FY 2016-2017 Budget to provide funding for the Acacia Parkway and First Street ProjectsTOWN OF PROSPER, TEXAS
ORDINANCE NO. 17-61
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, AMENDING
ORDINANCE NO. 16-55 (FY 2016-2017 BUDGET) AND ALLOCATING FUNDS
TO FUND AN INCREASED EXPENDITURE OF $1,158,782 IN THE GENERAL
FUND BUDGET; PROVIDING FOR REPEALING, SAVINGS AND
SEVERABILITY CLAUSES; AND PROVIDING FOR AN EFFECTIVE DATE OF
THIS ORDINANCE.
WHEREAS, the Town Council of the Town of Prosper, Texas ("Town Council'), has
investigated and determined that it will be beneficial and advantageous to the residents of the
Town of Prosper, Texas ("Prosper"), to amend Ordinance No. 16-55 (FY 2016-2017 Budget) for
the purposes listed in Exhibit "A" and Exhibit "B," attached hereto and incorporated by reference;
and
WHEREAS, the changes will result in budgeted funds being reallocated within the General
Fund and an overall net increase in the budget for funding from fund balance.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS. THAT:
SECTION 1
Findinas Incorporated. The findings set forth above are incorporated into the body of this
Ordinance as if fully set forth herein.
SECTION 2
Ordinance No. 16-55 (FY 2016-2017 Budget) is hereby amended to allow for increases to
appropriations as shown in Exhibit "A" and Exhibit "B," attached hereto and incorporated by
reference.
SECTION 3
Savings/Reoealinq Clause. All provisions of any ordinance in conflict with this Ordinance
are hereby repealed, but such repeal shall not abate any pending prosecution for violation of the
repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any
violation if occurring prior to the repeal of the Ordinance. Any remaining portions of conflicting
ordinances shall remain in full force and effect.
SECTION 4
Severabilitv. Should any section, subsection, sentence, clause, or phrase of this
Ordinance be declared unconstitutional or invalid by a court of competent jurisdiction, it is
expressly provided that any and all remaining portions of this Ordinance shall remain in full force
and effect. Prosper hereby declares that it would have passed this Ordinance, and each section,
subsection, sentence, clause, or phrase thereof irrespective of the fact that any one or more
sections, subsections, sentences, clauses, or phrases be declared unconstitutional or invalid.
SECTION 5
Effective Date. This Ordinance shall become effective immediately upon its passage.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXA THIS 8T" DAY OF AUGUST, 2017.
��*' �►�► .,;gG►-,*it, TOWN OF PROSPER, TEXAS
r
Ray Smith Mayor
AL • *�•r+ b
Kittle, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
Ordinance No. 17-61, Page 2
GENERALFUND
EXPENDITURES:
Engineering - Professional Services
Engineering - Transfers Out to CIP
Public Works - Streets Transfers Out
Total Expenditures
Net Effect All Funds
EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2016-2017
August 8, 2017
Original Current Amended Increase
Budget Budget Budget (Decrease)
$ 35,000 $ 35,000 $ 108,450 $ 73,450
$ - $ - $ 62,550 $ 62,550
1,265,000 2,240,000 3,262,782 1,022,782
Total $ 1,300,000 $ 2,275,000 $ 3,433,782 $ 1,158,782
Ordinance No. 17-61, Page 3
1,158,782
$ 1,158,782
EXHIBIT "B"
Summary of Capital Improvement Amendment - 08/08/17
General Fund Projects
01
Description Codes - Other Sources
A Impact Fees
B Grant and Interlocal Funds
C Developer Agreements
D General Fund
E Water / Wastewater Fund
F Stormwater Drainage Fund
G Park Development Fund
H TIRZ #1
J TIRZ #2
K Escrows
X Non -Cash Contributions
Z Other Sources (See Detail)
Ordinance No. 17-61, Page 4
Funding Sources
°-
M
Park Projects
Total
Other Issued Debt Unissued Debt Unissued Debt Reimbursement
k
Prior Years 2015.2016 2016-2017 2017.2018 2018-2019 2019-2020 1 2020.2025
Cost
Sources Authorized Authorized Unauthorized Resolution
2016-2017 2017.2018 2018-2019 2019.2020 1 2020.2025
01
1512 -ST First Street (DNT - Coleman)
590,000 350,000
7,650,000
8,590,000
940,000 A
7,650,000
7,650,000
01
1512 -ST First Street (DNT - Coleman)
1
590,000 350,000
136,000
7,650,000
8,726,000
1,076,000 A,D
7,650,000
7,650,000
02
Acacia Parkway (Gee Road - Windsong Parkway)
1,022,782
1,022,782
1,022,782 D
Description Codes - Other Sources
A Impact Fees
B Grant and Interlocal Funds
C Developer Agreements
D General Fund
E Water / Wastewater Fund
F Stormwater Drainage Fund
G Park Development Fund
H TIRZ #1
J TIRZ #2
K Escrows
X Non -Cash Contributions
Z Other Sources (See Detail)
Ordinance No. 17-61, Page 4