18-71 - OTOWN OF PROSPER, TEXAS
ORDINANCE NO. 18-71
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, ADOPTING THE FISCAL YEAR 2018-2019 ANNUAL BUDGET FOR
THE FISCAL YEAR BEGINNING OCTOBER 1, 2018, AND ENDING
SEPTEMBER 30, 2019; FOR THE TOWN OF PROSPER, TEXAS; PROVIDING
A SEVERABILITY CLAUSE; PROVIDING FOR A REPEALING CLAUSE; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the Annual Budget for the Town of Prosper, Texas, was prepared by the
Town Manager and presented to the Town Council on August 14, 2018, in accordance with the
Town Charter of the Town of Prosper, Texas; and
WHEREAS, the proposed annual budget document was posted on the Town's Internet
website and also made available for public review; and
WHEREAS, a Notice of a Public Hearing concerning the proposed Annual Town Budget
was published as required by state law and said Public Hearing thereon were held by the Town
Council on August 28, 2018; and
WHEREAS, following the Public Hearing, and upon careful review of the proposed Fiscal
Year 2018-2019 Annual Budget, it is deemed to be in the best financial interests of the citizens of
the Town of Prosper, Texas, that the Town Council approve said budget as presented by the
Town Manager.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
The above findings are hereby found to be true and correct and are incorporated herein
in their entirety.
SECTION 2
The official budget for the Town of Prosper, Texas, for the fiscal year beginning October
1, 2018, and ending September 30, 2019, is hereby adopted by the Town Council of the Town of
Prosper, Texas, and the Town Secretary is directed to keep and maintain a copy of such official
budget on file in the office of the Town Secretary and, upon request, make same available to the
citizens and the general public.
SECTION 3
The sums specified in Exhibit A are hereby appropriated from the respective funds for the
payment of expenditures on behalf of the Town government as established in the approved
budget document.
SECTION 4
Should any part, portion, section, or part of a section of this Ordinance be declared invalid,
or inoperative, or void for any reason by a court of competent jurisdiction, such decision, opinion,
or judgment shall in no way affect the remaining provisions, parts, sections, or parts of sections
of this Ordinance, which provisions shall be, remain, and continue to be in full force and effect.
SECTION 5
All ordinances and appropriations for which provisions have heretofore been made are
hereby expressly repealed if in conflict with the provisions of this Ordinance.
SECTION 6
In accordance with state law and the Town's Code of Ordinances, proper Notice of Public
Hearing was provided for said Ordinance to be considered and passed, and this Ordinance shall
take effect and be in full force and effect from and after its final passage.
SECTION 7
Specific authority is hereby given to the Town Manager to transfer appropriations
budgeted from one account classification or activity to another within any individual department
or activity.
DULY PASSED AP�0'.OVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, TO 0 ON THIS THE 11TH DAY OF SEPTEMBER,
2018. �� 00r�
APPROVED:
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IleOnoO°=Oe.aOP06�O4 Ray S ith, Mayor
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Robyn Batq'e, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
Ordinance No. 18-71, Page 2
EXHIBIT "A"
DEBT SERVICE(I&S)
TI RZ # 1
TI RZ # 2
CRIME CONTROL AND PREVENTION SPECIAL PURPOSE DISTRICT
FIRE CONTROL, PREVENTION, AND EMERGENCY MEDICAL SERVICES SPECIAL PURPOSE DISTRICT
PARKS IMPROVEMENTAND DEDICATION FEES
IMPACT FEES
SPECIAL REVENUE
STORM DRAINAGE
VERF
HEALTH INSURANCE TRUST
Other Funds Total
GRAND TOTAL
Unspent project funds for Capital Projects, Park Improvement and Dedication Fees, and Impact Fees
as of September 30, 2018, will automatically be re -apportioned to their respective projects for FY 2018-2019.
Funds encumbered for the VERF will also be re -apportioned for FY 1018-2019.
$ 4,702,258 $
6,198,439 $
- $
PROPOSED BUDGET 2018-2019
1,245,915
1,247,610
AMENDED BUDGET
ASORIGINALLY
206,978
346,161
346,161
2017-2018
TRANSMITTED
CHANGES FINAL PROPOSED
GENERAL FUND Administration
$
5,656,869
$ 6,122,012
$ - $
6,122,012
Police Services
4,986,440
4,825,276
(83,000)
4,742,276
Fire Services
81,717
6,278,631
7,617,750
57,628
7,675,378
Public Works
-
4,795,478
3,223,019
475,000
3,698,019
Community Services
2,181,410
4,198,262
3,890,808
61,000
3,951,808
Development Services
800,799 $
2,710,744
3,028,668
-
3,028,688
Engineering
1,092,619
1,236,308
-
1,236,306
General Fund Total
$
29,719,043
$ 29,943,861
$ 510,628 $
30,454,489
WATER/SEWER FUND
Administration
$
3,997,633
$ 2,170,793
$ (49,272) $
2,121,521
Debt Service
2,973,872
3,493,726
-
3,493,726
Water Purchases
4,201,075
5,601,672
(252,162)
5,349,510
Public Works
7,388,058
8,946,280
640,325
9,586,605
Water/Sewer Total
$
18,560,638
$ 20,212,471
$ 338,891 $
20,551,362
DEBT SERVICE(I&S)
TI RZ # 1
TI RZ # 2
CRIME CONTROL AND PREVENTION SPECIAL PURPOSE DISTRICT
FIRE CONTROL, PREVENTION, AND EMERGENCY MEDICAL SERVICES SPECIAL PURPOSE DISTRICT
PARKS IMPROVEMENTAND DEDICATION FEES
IMPACT FEES
SPECIAL REVENUE
STORM DRAINAGE
VERF
HEALTH INSURANCE TRUST
Other Funds Total
GRAND TOTAL
Unspent project funds for Capital Projects, Park Improvement and Dedication Fees, and Impact Fees
as of September 30, 2018, will automatically be re -apportioned to their respective projects for FY 2018-2019.
Funds encumbered for the VERF will also be re -apportioned for FY 1018-2019.
$ 4,702,258 $
6,198,439 $
- $
6,198,439
1,245,915
1,247,610
470,703
1,718,313
206,978
346,161
346,161
1,155,956
76,548
1,232,504
-
1,155,956
76,548
1,232,504
2,974,642
480,000
480,000
14,709,205
18,164,397
200,000
18,364,397
81,717
60,000
-
60,000
598,572
256,800
-
256,800
523,069
918,545
(23,000)
895,545
2,181,410
2,716,921
2,716,921
$ 27,223,766 $
32,700,785 $
800,799 $
33,501,584
$ 75,503,447 $
82,857,117 $
1,650,318 $
84,507,435
Ordinance Na 18-71, Page 3