O-2024-01 Amending Ordinance 2022-54 (FY 2022-2023 Annual Budget)TOWN OF PROSPER, TEXAS
ORDINANCE NO.2024-01
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, AMENDING
ORDINANCE NO. 2022-54 (FY 2022-2023 BUDGET) TO FUND INCREASED
EXPENDITURES OF $65,000 IN THE CRIME CONTROL AND PREVENTION
DISTRICT FUND BUDGET; INCREASED EXPENDITURES OF $69,000 IN THE
FIRE CONTROL, PREVENTION, AND EMERGENCY MEDICAL SERVICES
DISTRICT FUND BUDGET; INCREASED EXPENDITURES OF $318,000 IN
THE TIRZ #1 FUND BUDGET; INCREASED EXPENDITURES OF $350 IN THE
TIRZ #2 FUND BUDGET; INCREASED REVENUES OF $845,120 AND
INCREASED EXPENDITURES OF $845,120 IN THE SPECIAL REVENUE
FUND; INCREASED EXPENDITURES OF $9,450 IN THE HEALTH FUND;
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. 2022-54 (FY 2022-2023 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 allocated.
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. 2022-54 FY 2022-2023 Budget). Ordinance No. 2022-54
(FY 2022-2023 Budget) is hereby amended to allow for increases to appropriations as shown in
Exhibit 'A" attached hereto and incorporated herein by reference.
SECTION 3
Savin s/Re ea ling 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are hereby repealed, but such repeal shall not abate any pending prosecution for violation of the
repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any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
Seve rability. 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 JANUARY, 2024.
ATTEST TO:
Michelle Lewis Sirianni, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
TOWN OF PROSPER, TEXAS
David F. Bristol, Mayor
TEXX
Ordinance No. 2024-01, Page 2
FUND CATEGORY
General Fund
EXPENDITURES
Public Works
Development Services
Crime Control and Prevention Special Purpose District
EXPENDITURES
Personnel
EXHBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2022-2023
January 9, 2024
DESCRIPTION
Street and Facility Projects
Cover Street and Facility Projects
AMENDMENT
$ 506,000.00
$ (506,000.00)
Net Budget Amendment $
Personnel adjustment to balance to $25,000 cash $ 65,000.00
Net Budget Amendment $ 65,000.00
Fire Control, Prevention and Emergency Medical Services Special Purpose District
EXPENDITURES
Personnel Personnel adjustment to balance to $25,000 cash $ 69,000.00
Net Budget Amendment $ 69,000.00
TIRZ #1
TIRZ #2
EXPENDITURES
Developer Reimbursement
EXPENDITURES
Developer Reimbursement
Special Revenue Fund
REVENUES
Escrow Income
EXPENDITURES
Other -Escrow Funds
Health Fund
EXPENSE
Operating Expense
Higher Impact Fee Revenues than expected $ 318,000.00
Net Budget Amendment $ 318,000.00
Higher Sales Tax Revenues than expected $ 350.00
Net Budget Amendment $ 350.00
Escrow Funds Revenue Earned $ 845,120.00
Net Estimate Adjustment $ 845,120.00
Escrow Funds transferred to CIP $ 845,120.00
Net Budget Amendment $ 845,120.00
OPEB Valuation for Three Potential Retiree Health Plan $ 9,450.00
Net Budget Amendment $ 9,450.00
Ordinance 2024-01, Page 3