17-88 O - FY 16-17 Budget AmendmentTOWN OF PROSPER, TEXAS
ORDINANCE NO. 17-88
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, AMENDING
ORDINANCE NO. 16-55 (FY 2016-2017 BUDGET) AND ALLOCATING FUNDS
TO FUND INCREASED REVENUES OF $1,176,007 AND INCREASED
EXPENDITURES OF $1,176,007 IN THE TIRZ #1 FUND BUDGET; INCREASED
REVENUES OF $153,629 AND INCREASED EXPENDITURES OF $153,629 IN
THE TIRZ #2 FUND BUDGET; INCREASED REVENUES OF $1,056,660 AND
$466,194 IN THE SPECIAL REVENUE AND WATER -SEWER CAPITAL
PROJECT FUND BUDGETS AND INCREASED EXPENDITURES OF
$1,522,854 IN THE SPECIAL REVENUE FUND BUDGET; INCREASED
REVENUES OF $186,020 AND EXPENDITURES OF $186,020 IN THE WATER -
SEWER FUND BUDGET; INCREASED REVENUE OF $3,467 AND
EXPENDITURES OF $3,467 IN THE VERF BUDGET; INCREASED REVENUE
OF $7,598 AND EXPENDITURES OF $30,180 IN THE STORM DRAINAGE
FUND BUDGET; INCREASED REVENUE OF $262,500 AND INCREASE
EXPENDITURES OF $262,500 IN THE PARK IMPROVEMENT FUND BUDGET;
INCREASED REVENUE OF $1,917,987 AND INCREASED EXPENDITURES OF
$1,917,987 IN THE WEST THOROUGHFARE IMPACT FEE 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," attached hereto and incorporated herein by reference; and
WHEREAS, the changes will result in budgeted funds being reallocated among different
funds and departments and an overall net increase in the budget for funding from fund balance
in the Court Security fund.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
Findings Incorporated. The findings set forth above are incorporated into the body of this
Ordinance as if fully set forth herein.
SECTION 2
Amendment to Ordinance No. 16-55 (FY 2016-2017 Budget). Ordinance No. 16-55 (FY
2016-2017 Budget) is hereby amended to allow for increases to revenues and appropriations as
shown in Exhibit "A," attached hereto and incorporated herein by reference.
SECTION 3
Savings/Repealing 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are hereby repealed, but such repeal shall not abate any pending prosecution for violation of the
repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any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
Severability. 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 PASS PROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXA I Y OF DECEMBER, 2017.
�* TOWN OF PROSPER, TEXAS
. • d f� f ` f
0 1 �
Ray Sm #h, Mayor
♦ «
own
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
Ordinance No. 17-88, Page 2
EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2016-2017
December 12, 2017
TIRZ #1
Original
Current
Amended
Increase
Amended
Budget
Budget
Budget
(Decrease)
Revenues:
Budget
Budget
(Decrease)
Revenues:
Water Impact Fees
$
- $
- $ 88,668
$ 88,668
Wastewater Impact Fees
Total $
-
- 69,460
$ 69,460
East Thoroughfare Impact Fees
$ 1,056,660
-
790,121
$ 790,121
Property Taxes
$
-
227,758
_$ 227,758
Expenditures:
Total $
$
- $ 1,176,007
$ 1,176,007
Expenditures:
Transfer Out - Escrow
$
Thoro Impact Fee Rebate
$
$
$ 648,902
$ 648,902
Water Impact Fee Rebate
-
81,027
$ 81,027
Wastewater Impact Fee Rebate
Total
62,985
$ 62,985
Town Ad Valorem Tax Rebate
$ 1,567,951
$ 1,522,854
- 353,764
$ 353,764
County Ad Valorem Tax Rebate
29,329
29,329
Water -Sewer Fund
Total $
$
$ 1,176,007
S 1,176,007
TIRZ #2
Original
Current
Amended
Increase
Amended
Budget
Budget
Budget
(Decrease)
Revenues:
Budget
Budget
(Decrease)
Revenues:
W Thoro Impact Fee
$
- $
$ 153,629
$ 153,629
Total $
$
- $ 153,629
$ 153,629
Expenditures:
$ 1,056,660
$ 1,056,660
Total
W Thoro Impact Fee Rebate
$
- $
$ 153,629
$ 153,,629
Expenditures:
Total $
- $
- $ 153,629
$ 153,629
Special Revenue Funds
Original
Current
Amended
Increase
Budget
Budget
Budget
(Decrease)
Revenues:
Transfer In - Escrow
$
$ -
$ 1,056,660
$ 1,056,660
Total
$
-
$ -
$ 1,056,660
$ 1,056,660
Expenditures:
Transfer Out - Escrow
$
$ 45,097
$ 686,609
$ 641,512
Transfer Out - Special Revenue
-
881,342
881,342
Total
$
-
$ 45,097
$ 1,567,951
$ 1,522,854
Water -Sewer Fund
Original
Current
Amended
Increase
Budget
Budget
Budget
(Decrease)
Revenues:
Water Revenue
$
7,080,107
$ 7,846,619
$ 7,950,901
$ 104,282
Sewer Revenue
3,236,000
3,468,542
3,550,280
81,738
Total
$10,316,107
$11,315,161
$11,501,181
$ 186,020
Expenditures:
Water Purchases
$
2,748,305
$ 3,701,359
$ 3,755,161
$ 53,802
Sewer Management Fees
1,770,668
1,868,668
2,000,886
132,218
Total
$
4,518,973
$ 5,570.027
$ 5,75%047
S 186,020
Ordinance No. 17-88, Page 3
EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2016-2017
December 12, 2017
VERF
Original Current
Original
Current
Amended
Increase
Budget
(Decrease)
Budget
Budget
Budget
(Decrease)
Revenues:
$ $
$ 7,598
$ 7,598
$ 100,000
Total $ - $ -
Other Reimbursements - Action Proceeds
$
18,000
$ 18.000
$ 21,467
$ 3,467
Total
$
18,000
$ 18,000
$ 21,467
$ 3,467
$ 62,580
$ 30,180
2,017,987
262,500
262,500
Expenditures:
Total $ -
$ -
$ 262,500
$ 262,500
Expenditures:
Capital -Equipment (Technology) - Police
$
3,950
$ 3,950
$ 6,904
$ 2,954
Capital -Equipment (Technology) - Inspections
3,100
3,100
3,395
295
Capital -vehicles - Park Ops
Total
25,710
25,710
25,928
218
Total
$
32,760
$ 32„760
$ 36,227
$ 3,467'
Storm Drainage Fund
Original Current
Amended
Increase
Increase
Budget Budget
Budget
(Decrease)
Revenues:
(Decrease)
Revenues:
Budget
Interest - 2016 CO Proceeds
$ $
$ 7,598
$ 7,598
$ 100,000
Total $ - $ -
$ 7,598
$ 7,598
Expenditures:
Total $ 100,000
$ 100,000
$ 362,500
Transfer to Capital Project Fund
32,400
62,580
30,180
$ 100,000
Total $ $ 32,400
$ 62,580
$ 30,180
Park Improvement Fund
Original
Current
Amended
Increase
Increase
Budget
Budget
Budget
(Decrease)
Revenues:
Budget
(Decrease)
Revenues:
Park Improvement Fees
$ 100,000
$ 100,000
$ 362,500
$ 262,500
W Thoroughfare Impact Fees
Total $ 100,000
$ 100,000
$ 362,500
$ 262,500
Expenditures:
$ 1,917,987
Total
$ 100,000
$
Transfer Out
$
2,017,987
262,500
262,500
Total $ -
$ -
$ 262,500
$ 262,500
W Thoroughfare Impact Fees
Original
Current
Amended
Increase
Budget
Budget
Budget
(Decrease)
Revenues:
W Thoroughfare Impact Fees
$ 100,000
$
100,000
$
2,017,987
$ 1,917,987
Total
$ 100,000
$
100,000
$
2,017,987
$ 1,917,987
Expenditures:
TVG West Prosper Rds Impact Fee Reimb
-
1,917,987
1,917,987
Total
$
$
$
1,917,987
$ 1,917,987
Water/Sewer Capital Projects Fund
Original
Current
Amended
Increase
Budget
Budget
Budget
(Decrease)
Revenues:
Transfer In
$ -
$
-
$
466,194
$ 466,194
Total
$
$
-
$
466,194
$ 466,194
Total Revenue
Total Expenditures
Net Effect All Funds
Ordinance No. 17-88, Page 4
$ 5,230,062
5,252,644
$ (22,582)