16-50 - O TOWN OF PROSPER, TEXAS ORDINANCE NO. 16-50
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, AMENDING
ORDINANCE NO. 15-58 (FY 2015-2016 BUDGET) AND ALLOCATING FUNDS
TO FUND INCREASED EXPENDITURES OF $250,000 IN THE WATER AND
SEWER FUND BUDGET, INCREASED EXPENDITURES OF $1,050,000 IN
THE GENERAL FUND BUDGET, AND INCREASED TRANSERS OF
$1,300,000 INTO THE CIP FUND BUDGET AND INCREASED
EXPENDITURES OF $1,300,000 IN THE CIP 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. 15-58 (FY 2015-2016 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 expenditures for
water lines on the Church Street (First — PISD) project, sewer lines on the Church / Parvin
Wastewater Reconstruction project, and the Downtown Enhancements (Broadway) project.
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. 15-58 (FY 2015-2016 Budget). Ordinance No. 15-58 (FY
2015-2016 Budget) is hereby amended to allow for increases to revenues and appropriations as
shown in Exhibit "A," attached hereto and incorporated herein.
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are hereby repealed, but such repeal shall not abate any pending prosecution for violation of the
repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any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 PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, ON THIS 9TH DAY OF AUGUST, 2016.
TOWN OF PROSPER, TEXAS
Ray Smith, Mayor
ATTE T i:
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APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
Ordinance No.16-50, Page 2
EXHIBIT"A"
BUDGET AMENDMENT
FISCAL YEAR 2015-2016
August 9,2016
Water and Sewer Fund Original Current Amended Increase
Budget Budget Budget (Decrease)
Expenditures:
Non-Departmental $ 4,251,134 $ 4,251,134 $ 4,501,134 $ 250,000
Total $ 4,251,134 $ 4,251,134 $ 4,501,134 $ 250,000
General Fund Original Current Amended Increase
Budget Budget Budget (Decrease)
Expenditures:
Streets $ 2,014,984 $ 2,142,874 $ 3,192,874 $ 1,050,000
Total $ 2,014,984 $ 2,142,874 $ 3,192,874 $ 1,050,000
CIP Fund Original Current Amended Increase
Budget Budget Budget (Decrease)
Revenues:
Transfer from Water and Sewer Fund- Non 250,000 250,000
Departmental
Transfer from General Fund-Streets 1,024,000 1,490,863 2,540,863 1,050,000
Total $ 1,024,000 $ 1,490,863 $ 2,790,863 $ 1,300,000
Expenditures:
Church Street(First- PISD) - - 150,000 150,000
Church/Parvin Sewer Reconstruction - - 100,000 100,000
Broadway Street Reconstruction - - 1,050,000 1,050,000
Total $ - $ - $ 1,300,000 $ 1,300,000
Total Revenue $ 1,300,000
Total Expenditures 2,600,000
Net Effect All Funds $ (1,300,000)
Church Street-Water and Wastewater lines 250,000
Broadway Street Reconstruction 1,050,000
Increased Expenditures this Budget Amendment-All Funds $ 1,300,000
Ordinance No. 16-50, Page 3