11-068 - OI SPER
ORDINANCE NO. 11 -68
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS ADOPTING THE PROSPER
ECONOMIC DEVELOPMENT CORPORATION BUDGET AND APPROPRIATING
RESOURCES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2011 AND ENDING
SEPTEMBER 30, 2012 FOR THE PROSPER ECONOMIC DEVELOPMENT CORPORATION;
PROVIDING FOR REPEALING, SAVINGS AND SEVERABILITY CLAUSES; PROVIDING
FOR AN EFFECTIVE DATE OF THIS ORDINANCE; AND PROVIDING FOR THE
PUBLICATION OF THE CAPTION HEREOF.
WHEREAS, the Town Council adopted the Fiscal Year 2011 -2012 Budget for all funds other
than the Economic Development Corporation during its September 13, 2011 Town Council meeting; and
WHEREAS, the Prosper Economic Development Corporation Board has subsequently studied its
proposed budget and approved it during its September 21, 2011 Board Meeting.
WHEREAS, the Town Council finds the EDC approved budget to meet Town purposes
consistent with the function of the Economic Development Corporation within reasonably anticipated
revenues.
NOW THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, COLLIN COUNTY, TEXAS:
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: Adoption of Budget. We the Mayor and Town Council for the Town of Prosper
do hereby approve and adopt the Prosper Economic Development Corporation Budget for the fiscal year
beginning October 1, 2011 and ending September 30, 2012.
SECTION 3: Appropriation of Funds. The sum below is hereby appropriated from the
Economic Development Corporation Fund for the payment of expenditures on behalf of Prosper as
established in the approved budget:
Economic Development Corporation 1 $ 160,225
SECTION 4: Savin sg / 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Ordinance are hereby repealed; but such repeal shall not abate any pending prosecution for violation of
the repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any violation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 5: Severability. Should any section, subsection, sentence, clause or phrase of this
Page 1 of 2
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 6: Effective Date. This Ordinance shall become effective from and after its adoption
and publication as required by law.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS ON THIS 27`h DAY OF SEPTEMBER, 2011 AT A MEETING WHICH WAS
HELD IN STRICT ACCORDANCE WITH THE TEXAS OPEN MEETING A T.
RAY SMIT , Mayor
ATTEST TO:
AMY PIUKAAAIT C
Town Secretary
Date of Publication ! J Prosper Press
Page 2 of 2
tr
g1base_bw16 mgarrett Town of Prosper
15:23 09/22/11 FY12 Budget with Mike Draft
Fund: 80 Economic Development Corporati Department: 65 Economic Development Program:
Period Ending: 9/2011
Account Description
Mike Over /under Adjusted Original: YTD Yr End Actuals
Draft 11 Adj.Budge Budget Adopted Budget As of Report Date Projection
Page 58
80- 4120 -65 -00 Sales Taxes -,EDC
376,667.00.-
10,000.00-
:S 366,667.00 -
366,6672.00 -'
- 378,129.46-
376,667:00-
434,581:36-
80- 4610 -65 -00 Interest Income
20,000.00-
20,000.00-
20,000.00-
18,501.00 -
20,000.00-
32,327.62-
80- 49.10 -65 -00 ;'Other Revenue
<58,041.02 -
Subtotal:
396,667.00-
10,000.00-
386,667.00-
386,667.00-
396,630.46-
396,667.00-
524,950.00 -
Program number:
396,667.00. -
10;000.00-
;: 386,667700-
386,667.00-
:396,630..46-
3.96,667,00.-
524 <,95000. -.
Department number: Economic Development
396,.667.00-
10,000.00-
":386,667..00-
''' 386,667..,00-
396,630.46-
396,667.00.-
524 ,950.00-
Revenue Subtotal - - - - --
396,667.00-
10,000.00-
386,667.00-
386,667.00-
396,630.46-
396,667.00-
524,950.00-
911ase_bw16 mgarrett Torn of Prosper
„ 15:23 09/22/11 TY12 Budget with Mike Draft
Fund: 80 Economic Development Corporati Department: 65 Economic Development
Period Ending: 9/2011
Program:
Account Descrpt oa
Mike. Over /under Adjusted : Original,'. YTD r. Yr End:: Aetuals
Draft 11 Adj.:Budge Budgets Adopted Budget As of Report Date ''Projection
Page 59
80- 5110 -65 -00
': Salaries & wages.
.26,320.00
1,820.00
24,500.00
24,500.00
'a 26,132.56
26,500.00
120,490.40
80- 5115 -65 -00
Salaries - Overtime
48.27
80- 5140 -65 -00
. Salaries - Longevity Pay,:',
265.00
80- 5141 -65 -00
Salary- Incentive
5,500.00
51500.00
80- 5145 -65 -00
Social Security Expense
1,700.00
200.00
11500.00
1,500.00
1,651.21
1,650.00
7,403.70
80- 5150 -65 -00
Medicare Expense
400.00
50.00
350.00
350.00
458.67
470.00
1,731.50
80- 5155 -65 -00
SDTA Expense
270.00
225.00
45.00
45.00
72.00
75.00
235.58
80- 5160 -65 -00
Health Insurance
457,22
450.00
52,348.03
80- 5165 -65 -00
' Dental insurance
-
193.44
80- 5170 -65 -00
Life Insurance /AD6D
66.08
80- 5175 -65 -00
Liability (TML) workers' Comp
65.00
5.00
60.00
60.00
125.00
125.00
329.94
80- 5176 -65 -00
TML Prop. & Liab Insurance
750.00
750.00
750.00
810.50
825.00
905.36
80- 5180 -65 -00
TMRS - :Expense '.
2,720.00.
' 170.00
2,550.00
2,550..00
< 3,163..25
3,150.00
: 11,664..18
80 -. .5185- 65 -00
Long Term /Short Term Disabilit
296'..20
80- 5189 -65 -00
: Administrative Fees
14,.400.00
14,400.00
14,400.00
14,400.00
': 14,400.00
8,000.00
80- 5190 -65 -00
Contract Labor
1,800.00
11800.00
11800.00
2,159.61
2,010.00
2,025.00
80- 5210 -65 -00
Office Supplies
2,000.00
2,000.00
2,000.00
1,177.51
11500.00
1,346.92
80- 5212 -65 -00
Building Supplies
500.00
500.00
500.00
281.45
500.00
103.60
80-5220-65-00
Office Equipment
11000.00
11000.00
11000.00
282.99
650.00
80- 5230- 65 -.00,.
Dues,Feea,& Subscriptions
2,500.00
2,500.00
2,500.100
2,491..9.0
2,500.00
.2,229.75
80- 5240 -65 -00
Postage and Delivery
50.0.00
50.0;00
500.00
135.48
300;00
88.26
80- 5265 -65 -00
Promotional Expense
20,000.00
20,000.00
20,000.00
7,434.29
20,000.00
15,528.79
80- 5310 -65 -00
Rental Expense
27,500.00
27,500.00
27,500.00
27,073.38
27,500.00
27,461.90
80- 5330 -65 -00
Copier Expense
1,000.00
11000.00
11000.00
884.92
11000.00
729.95
80- 5340 -65 -00
Building: Repairs.
5.00.00
SIQ0,00
500..00
'875.27
950500
x 4SO.00
80- 5410 -65 -00
Professional Services
25,000.00
25,000.00
. 25,000.00
500.00
525,000.00
.2,313.26
80- 5412 -65 -00 :
Audit Fees
1.1500.00
11500.100
: 11500,00
11500.00
a 11500;00
11500.00
80- 5418 -65 -00
IT Fees
4,000.00
4,000.00
4,000.00
1,638.24
4,000.00
3,563.49
80- 5430 -65 -00
Legal Fees
10,000.00
10,000.00
10,000.00
1,340.90
10,000.00
10,665.10
80- 5520 -65 -00
Telephones
4,800.00
4,800.00
4,800.00
4,630.08
4,800.00
4,991.63
80- 5521- 65 -00 >,
Cell Phone Expense
884.82
80- 5524 -65 -00
gas- Building
500.00
500.00
500.00
291.74
500.00
474;03
80. 5525 -65 -00
Electricity
2,000.00
2,000.00
2,000..00
1,978.17
2,200.00
':1,966.88
80- 5530 -65 -00
Travel /Lodging /Meals Expense
4,000.00
4,000.00
4,000.00
386.47
4,000.00
4,397.83
80- 5533 -65 -00
Mileage Expense
2,000.00
21000.00
2,000.00
714.94
2,000.00
746.65
80- 5536 -65 -00
Training /Seminars
2,500.00
2,500.00
2,500.00
2,130.00
2,500.00
3,295.00
80- 6015 -65 -00
;.Leverage. Fund Principal :
: 57,419.42
80- 7143 -65 -00
Transfer to internal Serv. Fd
540.00
Subtotal:
160,225.00
2,470.00
157,755.00
157,755.00
110,677.75
166,555.00
296,699.96
Program number: 160,225.00 2,470.00 157,755.00 157,755.00 110,677.75 166,555.00 296,699.96
glbase_bwl6 mgarrett Town of Prosper
M 15:23 09/22/11 PY12 Budget with Mike Draft
Fund: 80 Economic Development Corporati Department: 65 Economic Development
Period Endina: 9/2011
Program:
Account Description ' "12 77 12 try 11 Ily 11 Ty 11 )PY 11 rylo
Mike Over /Under Adjusted Original YTD Yr End : ACtuals
Draft 11 Adj.Budge Budget: Adopted Budget As of Report Date Projection
Page 60
Department number:
Economic Development
160,225.00
2,470.00
157 „755.00
157,755.00
x.110,677,75
166,555,00,>
296,699.96 S'
Expense
'. Subtotal - - - - --
160,225,00
2,470.00
157,755.500
:'157,755.00
>210,677.75
166,555.00
2961699.96
Fund number: 80 Economic Development Corporat
236,442.00-
7,530.00-
228,912.00-
228,912.00-
285,952.71-
230,112.00-
228,250.04-
•••�••• End of Report rar•wwata