09-110 - OISPOW N N
ER.
ORDINANCE NO. 09 -110
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS ADOPTING A BUDGET AND
APPROPRIATING RESOURCES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2009
AND ENDING SEPTEMBER 30, 2010, IN ACCORDANCE WITH EXISTING STATUTORY
REQUIREMENTS; 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, pursuant to the laws of the State of Texas, the Town Manager of the Town of
Prosper has submitted to the Mayor and Town Council a proposed budget of the revenues and
appropriations for conducting the affairs of Prosper and providing a complete financial plan for Fiscal
Year 2009 -2010: and has filed the same with the Town Secretary (the "budget "): and
WHEREAS, following public notice duly posted and published as required by the law, two public
hearings — the first on August 25, 2009 and the second on September 3, 2009 -were held by the Town
Council at which time said budget was fully considered, and interested taxpayers were given the
opportunity to be heard by the Town Council; and
WHEREAS, the Town Council has studied the budget and listened to the comments of the
taxpayers at the public hearing and has investigated and determined that adoption of the budget is in the
best interest of the Town; and
WHEREAS, the Town Council finds that all legal notices, hearings, procedures and publishing
requirements for the adoption of the budget have been performed or completed in the manner and form
set forth by law.
NOW THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, COLLIN COUNTY, TEXAS:
SECTION 1: Findin sg_ 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, ratify, and adopt for fiscal year beginning October 1, 2009 and ending September 30,
2010 the Budget as filed and submitted by the Town Manager and adjusted by Town Council, containing
estimates of resources and revenues for the year from various sources, and the projects, operations,
activities, and purchases proposed along with the costs thereof, and estimated amounts of all other
proposed expenditures, is hereby approved and adopted.
Page 1 of 2
SECTION 3: Appropriation of Funds. The sums below are hereby appropriated from the
respective funds for the payment of expenditures on behalf of Prosper as established in the approved
budget:
General Fund
$ 6,397,346
Water & Sewer Fund
$
5,544,752
Interest & Sinking Fund
$
2,081,335
Internal Service Fund
$
50,000
Storm Drainage Utility Fund
$
60,000
Parks and Recreation Fund
$
611,000
Impact Fees Fund
$
250,000
Special Revenue - Donation Fund
$
60,000
Capital Projects Fund
$
96,885
Economic Development Corporation
$
324,790
SECTION 4: Authority of Town Manager. 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; and, to transfer appropriations from designated appropriations to
any individual department or activity.
SECTION 5: 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 6: 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 7: 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 8`h DAY OF SEPTEMBER, 2009 AT A MEETING WHICH WAS HELD
IN STRICT ACCORDANCE WITH THE TEXAS OPEN MEETING ACT. %
LlfH S ffiJyhNGER, Mayor
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OF PR�i�
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ATTHEW D. DENTON, TRMC
Town Secretary
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Date ofPubhcation F�3 ,r �
11/11111 %0
Page 2 of 2
TOWN OF
PER
Prosper is a place where everyone matters.
TOWN OF PROSPER
ADOPTED BUDGET
0
FISCAL YEAR 2009 -2010
October l, aooy to September 30,20-10
4
"Building community
..."
r a
FISCAL YEAR 2009-2oio ADOPTED BUDGET
IU W ri d F
SPEN.
Prosper is a place where everyone matters.
F 1sCAL YEAR 2009 -2010
11' 1 i 1
Prepared By:
Mike Land, Town Manager
Matthew Garrett, Finance Director
Ron Butler, Comptroller
•
Reviewed and Adopted by Town Council on September 8, aoog.
Charles Niswanger, Mayor
Ray Smith, Mayor Pro -Tern
Kenneth Dugger, Deputy Mayor Pro -Tem
Dave Turley, Council Member
David Vestal, Council Member
Meigs Miller, Council Member
Danny Wilson, Council Member
JA
Marked by many infrastructure construction projects and
concentrated efforts to increase resident involvement within
Town and general citizenship, the theme of this year's budget
document is appropriately summed up in the expression
"Building community ..."
t
FiSCAL YEAR 2009-2oio ADOPTED BUDGET
y.
TABLE OF CONTENTS ► - iii
BUDGET MESSAGE
LETTER FROM THE TOWN MANAGER 3
THE BUDGET PROCESS 11
BUDGET CALENDAR 12
TOWN PROFILE
TOWN COUNCIL
15
VISION AND STRATEGIC WORKPLAN
16
ORGANIZATIONAL CHART
22
SCHEDULE OF AUTHORIZED POSITIONS
23
LOCATION AND MAP
24
TOWN HISTORY
25
POPULATION
26
AVERAGE RESIDENTIAL PROPERTY TAX BILL
27
FUND SUMMARIES
CONSOLIDATED TOWN FUND SUMMARIES
INDIVIDUAL FUND SUMMARIES
GENERAL FUND
WATER & SEWER FUND
DEBT SERVICE FUND (INTEREST & SINKING)
CAPITAL PROJECTS FUND
PARKS FUND
IMPACT FEES FUND
INTERNAL SERVICE FUND
SPECIAL REVENUE
STORM DRAINAGE FUND
ECONOMIC DEVELOPMENT CORPORATION (EDC) FUND
Fiscal Year 2009 -2010 i
31
32
Adopted Budget
REVENUE PROJECTIONS
GENERAL FUND REVENUE SOURCES
45
PROPERTY VALUATIONS AND AD VALOREM TAXES
46
PROPERTY TAX RATE DISTRIBUTION
47
SALES TAXES
48
WATER AND SEWER FUND REVENUE OUTLOOK
49
REVENUES IN OTHER TOWN FUNDS
SO
DEBT SERVICE (I&S) FUND
50
CAPITAL PROJECTS FUND
50 I
PARKS FUND
50
IMPACT FEES FUND
50
INTERNAL SERVICE FUND
50
SPECIAL REVENUE
50
STORM DRAINAGE FUND
50
EDC FUND REVENUE SOURCES
50
APPROPRIATIONS
GENERAL FUND TOTAL APPROPRIATIONS BY CATEGORY
GENERAL FUND TOTAL APPROPRIATIONS BY DEPARTMENT
GENERAL FUND DEPARTMENT SUMMARIES
53
54
ADMINISTRATION
POLICE
55
56
DISPATCH
57
FIRE
58
FIRE MARSHALL
59
STREETS
60
LIBRARY
61
PARKS
62
MUNICIPAL COURT
INSPECTIONS
CODE ENFORCEMENT
PLANNING
63
64
65
66
ENGINEERING
67
Fiscal Year 2009 -2010
Adopted Budget
APPROPRIATIONS 1CONT'D
WATER He SEWER FUND TOTAL APPROPRIATIONS BY CATEGORY 68
WATER & SEWER FUND TOTAL APPROPRIATIONS BY DEPARTMENT 69
WATER & SEWER FUND DEPARTMENT SUMMARIES
WATER 70
WASTEWATER 71
UTILITY BILLING 72
EDC FUND /DEPARTMENT SUMMARY 73
APPENDIX
CHARTER ARTICLE VII — FINANCIAL PROCEDURES
OUTSTANDING DEBT SCHEDULE
PROPERTY TAX RATES — EFFECTIVE RATE NOTICE
BUDGET ORDINANCE
PROPERTY TAX ORDINANCE
WATER AND SEWER RATES
GLOSSARY
APPRECIATION
THANKS TO THE FY 2009-2010 BUDGET TEAM
77
82
83
85
87
89
94
INSIDE BACK COVER)
I
Fiscal Year 2009 -2010 iii Adopted Budget
PIOWN SPOEI
Prosper is a place where everyone matters.
AN
a
BUDGET MESSAGE
0
Letter from the Town Manager
The Budget Process
Budget Calendar
t
t
"Building community..."
r
FISCAL YEAR ___9____ ADOPTED BUDGET
|
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Octol)rr 1, 2009
Honorable Mayor and Town Council
Citizens of Prosper
Mayor, Town Council, Citizens,
For your consideration, I am pleased to present the following Adopted 2009 -2010 Town of Prosper Annual
Operations and Maintenance Budget. This document details the comprehensive strategicplan by whichthe
Town of Prosper strives to enhance the community's quality of life. The Prosper Town Council's adopted
Strategic Vision and Work Plan served as the guiding principles for developing this Adopted budget. The
most important element of the Town Council's Vision is the following Purpose Statement:
TOWN OF PROSPER
PURPOSE STA'T'EMENT
"Prosper is a place where everyone matters,"
BUDGET OVERVIEW
The Town of Prosper 2009 -2010 Adopted Budget represents a continuation of most Town services at
the same or similar levels, with added focus on improving public safety and community services.
Understanding that the Town's growth and revenues are directly related to uncertain economic
conditions in various markets, the budget is being adopted after prudent examination and with
conservative forecasts.
The Town of Prosper currently employs sixty (60) regularly scheduled team members, fifty -nine (59)
full time and one (1) part time. Within the adopted budget there is a funding to hire a Parks Supervisor
in the Parks and Recreation Division of Development Services, and to add five Dispatch Operators in
the Dispatch Division of the Police Department. In order to accommodate the addition of these
positions, two vacant positions in the Inspections Division of the Development Services Department
and one vacant executive assistant position in the Police Department will no longer be funded. Al]
other departments' personnel will be funded at their current staffing levels.
Fiscal Year 2009 -2010
Adopted Budget
In evaluating the 2009 -2010 Adopted Budget it is important to consider several historical
organizational initiatives, current environmental factors and the unpact each has on planning for
additional appropriations. Those �k ith the greatest impact are listed below.
The Adopted 2009 -2010 Budget Appropriations total $13.3 million (M) for all funds not including debt
service or capital projects. Of that amount, approximately $6.4A4 is for General Fund operations and
maintenance, and $5.5M for the Town's Enterprise Funds including Solid Waste, Waterand Sewerutilities.
For the 2009 -2010 Fiscal Year a special revenue fund for the Stormwater Drainage utility is created. Debt
Service appropriations for the coming fiscal year are $2.1 M.
Property Values
Certified property valuations increased by $39M (4 17c) for FY 2009 -10. Property values increased from
$984.6M to $1,023-9M. While the growth in certified property valuations continues to increase, the
economic downturn did have a negative impact on existing property values, with a decrease of nearly 20.7M
(2.1 %). This decrease along with the warnings that Fiscal Year 2010 -2011 existing home and commercial
values in all probability will continue their decline in value counter the positive growth; this is compounded
with the continuing decline in building and construction permit fee collections.
There is much uncertainty regarding upcoming property valuations. Commercial property values are
expected to experience a larger decline than residential valuations; Prosper hopes to avoid the heaviest
declines since its values are primarily residential properties. Two high quality multi - family projects
have added 620 units and will increase the Town's population by approximately 1900 residents before
Fiscal Year 2009 -2010 ( "FYIO ") ends. These two properties are projected to enhance the Town's
commercial valuations.
Values in the Denton County portion of Prosper continue to increase. For the 2009 -2010 Fiscal Year, freeze
adjusted property values in this area increased 51.9% to $173M.
Property Tax Rate
The adopted Ad Valorem Property Tax Rate in the coming fiscal year is equal to last year's rate and is set at
$0.52 per one hundred dollars taxable valuation. The portion of the tax applied to debt service is $0.205916.
The rate was discussed at the advertised rate of $0.55 throughout the budget process, but Town Staff
was able to make the reductions necessary to hold the rate at $0.52. Town Council recognized that a
tax increase may be necessary in future years, but voted to adopt a rate of $0.52.
Sales Taxes
Due to recent commercial operations opening in Prosper, even with the economic slowdown, sales tax
collections have stabilized and are projected to remain in line with current collections.
Fiscal Year 2009 -2010
Adopted Budget
Utility Rates
The Tov, it of Prosper Town Council this past winter engaged the services of J. Stowe and Company to
produce rate recommendations that support the Town Council's adopted Water and Wastewater Utility
Comprehensive Business Plan. The Plan as adopted contains recommendations to enhance revenues, to
establish a60 day operations and maintenance reserve and to fund an annual contribution of 2% to a capital
replacement program. In order to meet these goals, a rate increase of approximately 3% is necessary and is
budgeted to be effective in April 2010.
Solid Waste rates will be increasing this coming fiscal year reflecting IESI's annual increase equal to 75% of
the Consumer Price Index and biannual fuel surcharge recalculations as called for in the current contract.
Stormwater Drainage Utility rates will be implemented in the coming fiscal year. A minimum rate of $2.75
depending on lot size has been established. During Fiscal Year 2010 an engineering study will be performed
that further defines Iot size and Iot coverage rates for residential and non - residential customers throughout
Prosper.
GENERAL FUND
The 2009 -2010 Budget as presented is based on the Adopted Tax Rate of $0.52. The effective tax
rate, that is the rate that would generate the same amount of property tax revenues in 2009 -2010 that
were generated in the previous fiscal year, is $0.523544 and the rollback rate, which equates to 108%
of the previous year's effective operating rate, is 50.551272. Each additional penny of the tax rate
generates approximately $96,000 in property tax revenue. Additionally, for property tax revenue
projections the Collin County Tax Assessor- Collector states that it again expects to collect 100 %r, of the
current property taxes due based on their past history of doing so.
Fiscal Year 2009 -2010 Revenues are expected to exceed Appropriations resulting in net change to the
Town's Fund balance of $14,568. The Audited Fund Balance at the end of 2007 — 2008 was
54,007,077. Revised Fund balance prior to the final audit for 2008 — 2009 is expected to increase
$187,918. Should the current projections hold true, the total projected fund balance as of
September 30, 2010 could be $4,209,563.
In the 2009 -2010 Budget, the target reserve level is set at 25% (or 90 days) of total appropriations. In
addition to this reserve, staff has earmarked an amount of the fund balance equal to 10% of the total
general fund appropriations to conform to the Town Charter provision regarding contingent funds.
At the end of the 2009 -2010 Fiscal Year, the projected total fund balance not otherwise restricted or held in
contingency should total $1,991,040 which equates to an additional 113 days of operations depending on
final audited numbers, bringing the total number of operating days of reserves to 239 days.
REVENUES
Overall, revenues are projected to decrease 0.9�'o compared to budgeted 2008 -2009. This continues to
reflect the overall decrease in building and other construction related permit fee collections. Property
Tax Revenues for Operations and Maintenance are projected to increase by approximately 11.9`.0
Fiscal Year 2009 -2010
Adopted Budget
compared to budgeted 2008 -2009 revenues. Franchise and other related Taxes are projected to
increase 10.21.c primarily as the result of the Town's continued growth.
Projected Sales Tax revenues in FYI0 were held equal to the $1.1 million budgeted in FY09. This
represents a decline of approximately 14.3�� in sales tax receipts over the last 3 years. The Town's
sales tax collection has seen a continued decline beginning in 2006 when it was at its height compared
to the current year. The FY09 actual was only $26.000 less than budgeted, and the Town has seen the
opening of several retail and other commercial spaces in 2009. Staff continues to be conservative
when projecting sales tax because of the dow ntum in construction related projects.
As a result of the continued economic slowdown specifically in the residential construction area,
revenues front build ing and construction permit fees are projected to decline approximately $440,000
when compared to the FY09 Budget. This decline recognizes less new home or multi- family
construction and minimal non - residential construction in the coming year.
Municipal Court Fines and Licenses are projected to increase slightly over the currentyear's projected
revenues. Fees and Other Revenues are projected to decrease by 20.5% over the prior budget,
including interest rates that are especially Iow for most investments opportunities.
The FYI0 Budget includes an increase in ambulance service charges. The change increases the fee
from $400 per incident to $600 per incident. This rate increase is part of a recommended two phase
increase, eventually setting the rate in the FYI I Budget to $800 per transport. The mileage rate per
loaded mile will increase to $10 per loaded mile in FYI0 and $12 per loaded mile in FYI 1.
The SAFER Grant, which helps to offset the cost of the additional Firefighters hired in FY08 will
reduce by $37,980 in the coming year_
Street rental and payment in lieu of taxes from the Town's Enterprise Funds are projected to increase
in accordance with the Town's adopted Water and Wastewater Utility Comprehensive Business Plan
and subsequently adopted rate study.
APPROPRIATIONS
Total Appropriations for the 2009 -2010 Budget are $6.4M. This is an increase of approximately 1.2%
compared to the 2008 -2009 Budget. Personnel costs constitute 67.5% of the General Fund Budget.
Within the adopted budget there is a funding to hire a Parks. Supervisor and.to add five Dispatch
Operators; three vacant positions were eliminated in this budget. Program Enhancement and Capital
Expenditures included in the adopted appropriations and planned for the 2009 -2010 Fiscal Year by
Division are as follows:
Fiscal Year 2009 -2010 6 Adopted Budget
CON'I INUATION
AND PROGRAM
DIVISION F.NF3ANCENIl,;N T DESCRIPTION
Atli ninisualion $94,000 Community Library
Police $350,000 5 new dispatch operators, 2 new leased
vehicles and additional cruisers, weapons
and vehicle equipment
Pat ks and $74,350 Park Supervisor, increased contract
Recreation services for parks maintenance including
Pecan Creek Park in La Cima and the new
Community Park
Administration
The Administration adopted budget includes new funding for the Community Library and brings
together into one account organization -wide training appropriations. This appropriation represents
planned organizational development and customer care training. Additionally, for the first time and in
response to the organizational development plan, an appropriation is made for an employee incentive
pay for research and development recommendations leading to significant improvements in Town
operations, revenue enhancements, or reductions in expenditures.
Police
The 2009 -2010 Fiscal Year will see the full implementation of the Town's Dispatch and
Communications Operations Center. This new division continues the Town Council's commitment to
providing excellent Public Safety Emergency Services to the citizens of Prosper. The new Dispatch
and Communications Center is located at the south end of Town Hall and is expected to be fully
operational by November 30, 2009. Five new dispatch operators will join the Communications
Supervisor in serving the citizens of Prosper on a 24/7 schedule.
The budget as presented does include funding for the purchase of required tactical equipment including
vests, personal and vehicle radios, and the continued acquisition of police vehicles.
EMS/Fire
The 2009 -2010 Adopted Budget reflects the continued commitment by the Town to fully staff the Fire
Department as the result of the Town's receipt of a SAFER Grant award in 2008. The SAFER grant
Fiscal Year 2009 -2010 7 Adopted Budget
reimbursement, which is an annually declining grant, will cover 81 % of the six (6) firefighters salaries
in the coming fiscal year compared to 9410 in the current fiscal year.
Public Works — Streets
There are no significant changes or additions to the Street Budget adopted in 2009 -2010 over the
current fiscal year.
Development Services - Inspections. Planning. Engineering, Code Enforcement. Parks and Recreation
There are no significant changes adopted for any of the divisions of Development Services with the
exception of Parks and Recreation. The Inspections Division will continue to utilize a private
contractor to perform all health/food establishment/hotel inspections. Additional costs reflected in the
Code Enforcement Department budget include contractual costs with Collin County for Animal
Control.
Planning will continue to contract with Frisco's GIS department for mapping services. This budget
also includes the hosting service fee for the TRAKiT software program, which will support all of
Development Services and Public Works.
In Parks and Recreation there are several program changes adopted. The first change in Contracted
Services represents increases resulting from additional park land coming online this coming fiscal year,
including maintenance of Pecan Creek Park located in the La Cima subdivision and the new
Community Park expected to open in the summer of 2010. The second cost increase in this division
reflects the hiring of a new Parks Supervisor.
ENTERPRISE AND SPECIAL REVENUE YUNDS
GENERAL OBLIGATION I &S FUND
This fund represents the debt portion of the tax rate. Debt payments from I &S for 2009 -2010 will total
$2,084,935, an increase of $24,976 from the current year's budget. The major change in this fund is in
the transfer of water and sewer related debt to the Utility Enterprise Fund. Replacing the water and
sewer debt is debt issued in 2008 for First St., Coit Rd., Prosper Trail widening and the construction of
the fast phase of the Community Park.
WATER, SEWER SOLID WASTE UTILITY FUND
Revenues for the Water, Sewer and Solid Waste Fund are expected to increase to $5.6M with a
planned rate increase to occur in April 2010. The adopted business plan for the Water and Sewer
Utility Fund identifies the need to for revenue enhancements to cover existing and future operations
and maintenance costs as well as debt service and contracted sewer costs with the Upper Trinity
Regional Water District. Regarding Solid Waste, IESI rates are contractually subject to increase in the
coming year_
Appropriations for the fund total $5,537,562 resulting in a net "gain" of $23,370 for the fiscal year,
Fiscal Year 2009 -2010
Adopted Budget
which will increase the net asset balance of these funds. The Operating Revenues with the April rate
increase will balance the fund and will be within the parameters of the adopted business plan for these
utilities. The additional revenues over expenses are to be designated for reserves, capital investment
reserves and debt service reserves.
STORRIWATER UTILITY FUND
The 2009 -2010 Budget as adopted includes a special fund created for the Stormwater Utility, The
Town of Prosper established its Drainage Utility System in August 2008 and adopted the ordinance
enabling the collection of a Drainage Utility System Fee in July 2009. The revenues projected for the
fund wil l cover the cost of the engineering study necessary to finalize the appropriate rate structure for
the fund. The initial deficit will be taken into account for reimbursement once the fees collected in the
fund support the engineering expenses incurred.
GENERAL DISCUSSION ITEMS
The following items have been incorporated into the Adopted 2009 -2010 Budget:
Appropriations Budget Highlights
• A onetime lump sum incentive pay distribution was approved in the FY10 Budget in lieu of an
across the board base pay increase for employees. The intent of this strategy was to
differentiate the reward based on performance and also to prevent the additional pay from
carrying over into the FY11 Budget.
• The Town has elected to pay 10 % contributions to the Texas Municipal Retirement System
while the Annual Required Contribution is only 9.23 %. This additional 0.77% is included in
the budget to pay down a fraction of the Town's Unfunded Actuarial Accrued Liability
( "UAAL ') which was at $905,124 as of December 2008. This will increase the Town's assets
held by TMRS, draw a better return than the Town can currently expect and reduce or mitigate
the increase of the December 2010 UAAL calculation.
• The Town of Prosper created its own 911 Dispatch Center which began operations on
December 14, 2009. Additional funding will be required to support the five new staff
members, constant dispatch operations and added IT vendor support agreements. Additional
public safety services including a Dispatch Center Operation introduced in the FY10 Budget
are expected to place significant pressure on the property tax rate in future years.
• Park services and related costs will increase resulting from additional park land coming online
this coming fiscal year, including maintenance of Pecan Creek Park located in the La Cima
subdivision and the new Community Park expected to open in the summer of 2010. To help
manage this growth, the Town added a new Parks Supervisor position.
• The Town is taking over the operations of the Community Library from Prosper ISD and
included its costs of $94,000 in the FY10 Budget. The Town also funded the continued
Fiscal Year 2009 -2010 9 Adopted Budget
operation of Prosper ISD's Multi Purpose Facility Iocated at Reynolds Middle School site for
seasonal use. 'This facility would have otherwise been unavailable and the Town's costs to
keep this facility open will be $22,000.
• The major change in the Interest and Sinking Fund ( "I &S Fund') is in the transfer of water and
sewer related debt to the Utility Enterprise Fund. Payments from the 1 &S Fund totaling
S1,28y,208 for debt issued in 2008 for First St., Coit Rd., Prosper Trail widening and the
constriction of the first phase of the Community Park will begin in FY10. This is
approx imately the same as the amount of debt the Utility reabsorbed. Each of the four major
infrastructure projects funded with 2008 debt issued will be started during FY10.
In summary, the adopted budget meets the objectives provided by Council, keeping personnel cost
minimized compared to overall Appropriations. The momentum of the Town's growth going into FY
2010 has been Mowed by the do%vntum in the market. With the opening of the DNT frontage road
north through Prosper this past year; the addition of a couple of high quality multi - family projects and
additional commercial space, the Town will continue to experience solid growth in population and
property values. The Town expects a very rapid demand for services in the next few years as the
tension in today's economy subsides. Much energy and resources have been and will continue to be
devoted to business planning and building efficiencies into each department as the Town sets strategies
for the next five years and beyond. The Adopted Budget facilitates only needed improvements and
expansions to this end.
Sincerely,
Mile La d
Town Nfanager
Fiscal Year 2009 -2010
10
Adopted Budget
PURPOSE OF AN ANNUAL BUDGET
The basic purpose of the Town of Prosper Budget is to serve as a communication tool to residents, businesses, and employees
regarding the Town's financial plan. The budget is designed to provide clear and accurate information to Town stakeholders with
respect to how their local government is organized and how it operates.
BUDGET DETAILS
The Town's fiscal year is from October 1st to September 30th. Beginning October 1st, the approved budgets are appropriatied to the
various funds and departments. Amendments may be made to the budget during the fiscal year in accordance with Town Charter
provisions. These amendments shall be by ordinance, and shall become an attachment to the original budget. Expenditures may not
exceed appropriations at the department level without Town Manager approval. The Town budgets for revenues and expenditures
on a yearly basis. The final adoption of the Annual Budget takes place in September and the new fiscal year begins October 1. Final
adoption of the budget by the Town Council shall constitute the official appropriations as proposed by expenditures for the current
year and shall constitute the basis of official levy of the property tax as the amount of tax to be assessed and collected for the
corresponding tax year.
PREPARATION OF THE ANNUAL BUDGET DOCUMENT
Budget preparation requires careful consideration and usually begins with Kickoff Meetings when the Finance Director meets with
Department Heads to review the budget preparation calendar and to establish the basis for budget submissions.
By May, the Budget Preparation Manual is distributed to departments for review. The FY 2010 Budget Process will be the second
year for electronic transmission of the materials in Budget Preparation Manual and for direct entry into Budget Revision Levels in the
Town's financial software, STW. Submissions include funding requests for improvements to public services, capital outlays and capital
improvement projects.
Once received from departments, the Finance Department carefully reviews and evaluates each department's budget submissions for
completion and line item consistency. The overall picture of estimated revenues and proposed expenditures is studied. Focusing on
the Town Manager's vision for Prosper as well as providing the most efficient and effective services to the Prosper citizens are the
major considerations throughout the budget review process.
From June through September, budget workshop sessions are held between the Town Manager and Department Heads. The Town
Manager submits the proposed budget to Town Council and it is made public for review. The proposed operating budget includes
proposed expenditures and the means of financing them. This eventually culminates into Town Council public hearings in August and
possibly September. At this time, the Town Council may further revise the proposed budget as it deems necessary. The final
adoption of the Annual Budget takes place in September when the budget is legally enacted through the passage of an ordinance.
BUDGET ADMINISTRATION
The Fiscal Year begins and the approved budgets are then under the management of the responsible Department Head and
ultimately the Town Manager. Department Heads are given much discretion to assign funds within their departmental budgets as
needed and consult with the Town Manager on any significant variances from a given line item budget.
The Town Manager is authorized to transfer budgeted amounts between departments within any fund; however, any revision that
alters total expenditures of any fund must be approved by the Town Council.
Expenditures for goods or purchased services are documented by receipts, invoices, purchase orders or contracts
The Town Manager submits monthly financial reports as required by Town Charter and actively manages any shortfalls in revenues or
overeages in expenditures. Unless known to be immediately necessary, budget amendments will be done towards the close of the
fiscal year taking into account other possible savings within the fund.
Encumbered amounts lapse at year end, meaning any encumbrances are canceled or reappropriated as part of the following year
budget.
Fiscal Year 2009 -2010 i l
Adopted Budget
FY 2009 - 2010 BUDGET CALENDER
Strict adherence to the budget schedule is essential for an efficient and successful budget process.
This assists in the processing of the overall budget. Important budget deadlines are detailed below:
Date
i ion
ResRonsible 1
Parties
i May 4, 2009
J 2009-2010 budget process initiated.
i Finance Director
May 5 --8
Verify Access to STW Budget Module and Training for Budget Entry.
i Finance Director
i2
with DH's and Staff with role in budget.
Finance Director
May 1S
Town staff completes revenue and expenditure projections through
the end of the current fiscal year. _(LEVEL I on STW Budget Module)
Department Heads
J
May 22
Continuation (Level 2 on ST\AI) budget requests completed and
Department Heads
submitted" on STW Budget Module,
Program Enhancement (Excel Form Only) budget requests and
May 29
related forms submitted by email to the Finance Director.
--------------- ------ ---- .- ------- - --- - ---- -,
! Department Heads
June 9 —
Town Manager Meets with Department Heads to discuss budget
Town Manager and
July 7
yeqyests/rqyisian-s.
Department Heads
....... ...
July 27
Receive certified tax roll from Appraisal Districts.
Chief Appraiser i
Jul
lly 30
eliminary Budget Workshop - Recommended budget reviewed by
Town Manager a nd
August 6
I Town Council
Publish effective and rollback tax rates.
----- -
i Town Council
J Di-rec.tor
Council receives Town Managers Proposed Budget. Town Manager's
.-Finance
1 files Proposed Budget with Town Secretary
(at least 30 days prior to tax levy)
Town Manager,
August 11
Meeting of governing body to discuss tax rate; if proposed tax rate
Town Council,
will exceed the rollback rate or the effective tax rate (whichever is
Finance Director and
i
lower)-, take record vote and schedule public hearings.
Town Secretary
Publication of public hearing notices on the proposed budget and
August 13
I increase of tax rate -- if the tax rate exceeds the effective rate (not
30th loth
earlier than the 3 day or later than the day prior to the
I
I Finance Director
hearing)
4
72 Hour Notice - Publication of public hearing notice on the
Finance Director and
August 22
proposed budget and increase of tax rate -- if the tax rate exceeds
Town Secretary
the effective rate
August 25
First public hearing on the proposed budget (at least 15 days after
the budget is filed, but before the tax levy) increase
t
Town Manager and
and of tax rate
Town Council
if the tax rate exceeds the effective rate
August 27
..... ..... .
I Notice of Vote on Tax Rate Published newspaper and Web site
Finance Director and
1 (at least 7 days before meeting
Town Secretary
2 Hour Notice - Publication of second public hearing notice on the
Finance Director and
August 28
proposed budget and increase of tax rate if the tax rate exceeds
Town Secreta
Secretary
the effective rate
September 3
Second public hearing on the proposed budget and increase of tax
L
i Town Manager and
rate if the proposed tax rate exceeds the effective rate.
Town Council
September 8
Town Council Meeting to pass Ordinance adopting the 2009-ml
Town Manager and
Budget and 2009 Tax Rate to be considered b y the Town Council.
Town Council
September 15
.... ......
Final approved budget to be filed with Town Secretary.
-Town
Finance Director and 1
Town Secretary
Copies of fii n al d 9 et distributed to Council and Department
September 30
Heads AND Tax Assessor/Col lector and Appraisal District notified of
Finance Director
current year tax rate.
October 1
Taxes are billed by the Tax Assessor/Col lector.
Tax Assessor
Fiscal Year 2009-2010 12 Adopted Budget
ITO WN Of' S P
Prosper is a place where everyone matters.
a *t
y
I P-11M
TOWN PROFILE
0
Town Council
Vision and Strategic Workplan
Organizational Chart
Schedule of Authorized Positions
Location and Map
Town History
Population
Average Residential Property Tax Bill
"Building community ..."
FISCAL YEAR 2009-2oio ADOPTED BUDGET
oe # I k 1�1
Council Member Place 1
Dave Turley
Term: May 2010
Council Member Place 3
David Vestal
Term: May 2011
Danny Wilson
Term: May 2011
Fiscal Year 2009-2010
Mayor
Charles Niswanger
Term: May 2010
The Mayor and each of the six (5) Council
Member places are elected at large
according to the Town Charter.
15
Council Member Place 2
Deputy Mayor Pro-Tem
Kenneth Dugger
Term: May 2012
Ib,
Council Member Place 4
Meigs Miller
Term: May 2010
Council Member Place 6
Mayor Pro-Tem
Ray Smith
Term: May 2012
Adopted Budget
TOWN OF PROSPER
2009
WORKMAN
PURPOSE
Prosper is a place where ever} one matters.
BEST In THE WORLD
Prosper will be the best in the N%orld at providing systematic opportunities that inspire our
citizens to actually make a difference in our To \N n.
VALUES
Community
Leadership
Creativity
Economic Securiu_
Security
Helping Others
Fiscal Year 2009 -2010 16
Adopted Budget
GOAL 41 SECt RE THE TONVN'S FINANCIAL FUTURE
a. Be sound ste\\ ards of the To\N n's resources and assets.
i. Implement a performance excellence management s\ stem
ii. Adopt business plans for all departments and overall for the To\vn
iii- Ensure that set-\ ice providers receive timely and relevant training
iv. Develop a Volunteer in Prosper (VIP) program
b. Establish Financial Sustainability Policies.
i. Create benchmarks for budget and personnel
ii. Adopt policies SUPP01-ting, budget goals and objectives. asset investment.
personnel. purchasing. return on investment strategies. and debt
management strategies
iii. Develop and implement Irtancial incentives for public private partnerships
that benefit the cornmunitv with sustainable infrastructure as well as
deVeloptment.
GOAL 42 ACTIVELY ENGAGE CITIZENS
a. Develop a holistic communication systern that is personal and transparent-
use
IN
Expand the definition of'community to include an) one \v ho conies in
contact n ith the services and or en ironment of the Tom n of Prosper.
Establish partnerships with any and all v ho provide any informat'
residents and businesses ol'Prosper.
Utilize as many communication tools available recognizing the di
and flexibility these tools offer.
Establish relationships bct\Neen the Town's organization and the
communit} that involves consistent and regular personal contact I
residents. neighborhoods businesses and the people providing ser
the Tomrn of'Prosper.
Mobilize even one in the connnunit} in marketing Prosper
Fiscal Year 2009 -2010 17
Adopted Budget
Fiscal Year 2009 -2010
b. Provide a myriad of'opportunities for residents to interact Niith each other and the
oroanizatlons that serve the communrty.
i. Create a \irtual To-,�n Hall including a full compliment of online ser\•ices
ii. Build physical environments that promote gatherings places for the
community to come together.
iii. Partner with the Prosper Independent School District on as many mutually
beneficial projects possible.
iN. Create a Citizens 2010 Bond Committee.
N. Designate a Community Liaison staff member \\ithin each Town
Department responsible lox community outreach.
vi. Promote the ServeProsper campaign and programs creating opportunities
fix aiding local residents in -, arious stages of need.
vii. The Town will host timely community meetings. World C'af6's. to discuss
community issues and opportunities.
GOAL #3 MAKE PROSPER A JEWEL
a. Create a sense of place Rbr each resident and business to identify with.
i. update the ToNNn "s Comprehensive Plan. Zoning Regulations_ Subdivision
Regulations and Development Standards to reflect Prosper's Purpose
ii. Create an image blueprint for the Town's major thoroughfares
and all runicipal construction projects that prox ide a visual "tie
that binds" the community together.
iii. Reinforce the Tovn's usual imagery with all of the Town's
communication tools including= online set-vices and print materials.
iv. Foster and create traditions for Town residents and businesses throu__h the
use of'<-athering places. parks and open spaces.
b. Create a community that is looking forward. encourages and embraces change.
i. Aggressively pursue and secure economic development opportunities that
will capture the market
ii. Invest in municipal infrastructure. architecture and deN elopnent that
reflect excellence -,without compromise and supports Prosper's purpose.
18
Adopted Budget
GOAL #4 ENHANCE PUBLIC SAFETY
a. Position the Fire and Police Departments to be proactixe.
i. finalize a plan for dispatch operations
ii. Implement necessatti improvements to support the Fire Department's goal
to successfully reach an ISO Rating of 3 or better.
iii. Expand Public Salcty to include support for customer centered code
enforcement.
iv. Continue ad\ ancement of CERT
�. Conduct Emergency Managcment Training
vi. ' here feasible consider establishing, partnerships w ith neighboring
conulnutities for joint dispatch, tire. and first responder and ambulance
services.
vii. Finalize plans for the construction of a second fire station serving the
western portion of Prosper.
b. Utilize technologn to pro%ide more opportunitN for personal service.
i. Construct the necessar} conununications infrastructure for adequate
coverage fir the entire community.
ii. Train all departments and C I:RT in NIMS
iii. Implement E -Watch programs for residents and businesses.
Fiscal Year 2009 -2010 19
Adopted Budget
2015 Town Council Goals*
SOUND FISCAL MANAGEMENT
1. Pass Towns First General Obligation Bond (Goal 1, 2, 3 and 4)
2. Increase Towns Credit Rating to "A" (Goal 4)
3. Synchronize Tax Rate with expanded services (Goal 4)
4. Offer full slate of online services (Goal 1 and 2)
5. Adopt Budget Policies (Goal 4)
PUBLIC SAFETY AND SECURITY
1. Build Dispatch Center (Goal 3 and 4)
2. Lower ISO Rating (Goal 3 and 4)
3. Purchase Ladder Truck (Goal 3 and 4)
4. Start building second fire station (Goal 3 and 4)
5. Meet Community Police staffing standards (Goal 3 and 4)
ECONOMIC SECURITY
1. Zone property for a Medical Center (Goal 2)
2. Create partnership to spur economic opportunity (Goal 1)
3. Select 200 acre site for college (Goal 2)
SUBSTANTIAL CITIZEN INVOLVEMENT IN COMMUNITY
1. Start Involvement Committees (Goal 1)
2. Create a virtual Town Hall (Goal 1 and 2)
3. Hire staff and technical Support (Goal 1 and 4)
GATHERING OPPORTUNITIES
1. Integrate gathering places in retail projects (Goal 1 and 2)
2. Plan a Community Center (Goal 1 and 2)
3. Begin installation of Wi /Fi fiber (Goal 1, 2, 3 and 4)
4. Build a community garden (Goal 1 and 2)
S. Build a PISD /Town Community Park and Stadium (Goal 1, 2 and 4)
SUBSTANTIAL RETAIL MULTIPLE TYPES
1. Issue permits for the "Gates of Prosper" (Goal 2 and 4)
2. Open Farmers Market downtown (Goal 1 and 2)
3. Open big box type of projects including Best Buy, Kohl's, Costco, Lowes, Grocery Store (Goal 2 and 4)
Fiscal Year 2009 -2010 20 Adopted Budget
INFRASTRUCTURE IN KEY LOCATIONS
1. Build west service roads to DNT (Goal 2, 3 and 4)
2. Purchase parkland (Goal 1, 2 and 4)
3. Create Partnerships with public and private sectors to develop projects (Goal 1, 2, and 4)
4. Build water and sewer infrastructure, NTMWD west expansion, connect to Upper Trinity Sewer (Goal
2 and 4)
5. Build transportation infrastructure including west Prosper streets, east Prosper widening, 289
expansion (Goal 2, 3 and 4)
*Town Council goals as established October 2007.
Fiscal Year 2009 -2010 21
Adopted Budget
Fiscal Year 2009 -2010 22 Adopted Budget
Fund Department Position Type
FY 06/07
Revised
FY 07/08
Revised
FY 08/09
Adopted
FY 08/09
Revised
FY 09/10
Adopted
GENERAL FUND
FY 06/07
FY 07/08
FY 08/09
FY 08/09
E'
Administration
5
5
5
5
5
Police
9
11
11
11
10
Dispatch
47
56
1
1
6
Fire
10
13
19
19
19
On -call temporary pool
10
10
12
12
12
Fire Marshal
1
1
1
1
1
Streets
2
2
2
2
2 h
Library
2
Parks
1
2
2
2
4 ;.
Court
1
1
1
1
1
Inspections
6
8
8
8
6
Code Enforcement
1
1
1
1
1
Planning
2
3
3
3
I
2;
Engineering
1
1
1
1
1 I,
Subtotal Full -Time
37
46
53
52
55 i
Subtotal Part-Time
2
2
2
1
3
Subtotal Temporary
10
10
12
14
14
Total General Fund
49
58
67
67
72
;WATER/SEWER FUND
1
Water
5
5
5
5
k
5
Wastewater
2
2
2
2
2 i
Utility Billing
1
2
2
2
2
Subtotal Full -Time
8
9
9
9
9
Subtotal Part-Time
I
Total Water /Sewer Fund
8
9
9
9
9
ECONOMIC DEVELOPMENT CORPORATION
Administration
2
2
2
2
2
Subtotal Full -Time
2
1
1
1
1
Subtotal Part-Time
1
1
1
1
Total Economic Development Corp.
2
2
2
2
2
CAPITAL PROJECTS FUND
CIP Project Manager (i emp r i)
1
1
1
Position Type
FY 06/07
FY 07/08
FY 08/09
FY 08/09
FY 09/10
Revised
Revised
Adopted
Revised
Adopted
ALL FUNDS
Total Full -Time
47
56
63
62
65
Total Part-Time
2
3
3
2
4
Total Temporary
10
10
13
15
15
Total All Funds
59
69
79
79
84
Fiscal Year 2009 -2010
23
Adopted Budget
f- r
3�
i : PASD
I
f
i F
I.
YY
z
The Town of Prosper, TX is located in North
Central Texas, and covers approximately 27
square miles of the Dallas /Forth Worth
Metroplex ( "DFW "). Prosper includes
incorporated areas in both Collin and Denton
Counties, with most of the Town's population
residing in Collin County. The Town is
positioned at the crossroads of Preston Road
and US Highway 380, and is just five minutes
north of the bustling Dallas North Tollway
cities of Frisco and Plano.
Fiscal Year 2009 -2010
24
�.. F.
' 47
I t,Rl WORTH F-
,� DALLAS
,,ra macl o
AUSTIN
' HOII,TON
SAN AtRONID • .
CORPUS
rI1RIS11
IAREDO
1'In�µ.N:�VILU
Its peaceful setting beckons families to
experience its wide open spaces, small town
charm, city convenience and close knit
community. The Town is bursting with pride for
its first rate education and state championship
sports teams, picturesque ranches and other
amenities. Access to the DFW area coupled
with a commitment to maintain a high standard
of living have created substantial growth for
the Prosper community and this growth is
expected to turn up sharply in the next few
years.
Adopted Budget
Fiscal Year 2009-20 10
76
Odv\A
F�' �o
+o JIM
Adopted Budget
PmspebeganwiththeOcstsettleoanivingin this area inl046.
Those who settled here were drawn to North Texas' black prairie
soil rich, fertile land that nurtured m thriving cotton crop inatime
when cotton was "0ng" Between 185O and 19O2,two
settlements coexisted. One community, two miles south ufthe
present town, was called Rock Hill. The second community, one
mile north, was called Richland. The development nf these small
.
communities was expedited in187G when County Courts ordered »� TT
small tracts of land to be established for quick sale, These trocts
^
each approximately 16Q acres in size, were sold for $l5O per acre.
Dr, A.T. Bryant of McKinney purchased one nf the tracts, which ' �
later became the geographic nucleus for the Town ufProsper. ----'
The establishment of the St. Louis & San Francisco Railroad in March of 1902 created the change that forced the communities
of Rock Hill and Richland to merge forming the Town of Prosper. For years, Prosper was the central stop for the railroad
between Dallas and Sherman. When community officials applied for a Post Office with the name "Richland", they were
informed that city name was already taken. Postmaster B.J. Naugle asked for an alternative name and J.C. Slaughter suggested
the name Prosper. A new name was adopted for the hybrid community - one that spoke of the prosperous living conditions
and the prosperous crops harvested that year. And so it was that the town of Prosper was born.
The Town of Prosper was incorporated (n1914 with a commission form of
government and a population of5DO.U.N. Clary was Mayor and served in
that position for the next 49 years. it served for decades asamarket center
for area farmers and their abundant cotton and corn oops.Fmm the mule
drawn wagon the automobile
the evo|udonof people mm�ngin and out of the rural community.
-- '—~''--_^_.
Surviving the war and the depression, the mechanization offarming
provided the next big impact onProsper'spopulation. |n19DO'the
introduction of light industry, combined with the growth of the Metroplex,
led toa comeback for Prosper.
To this day, Prosper has managed to retain its 19th century country charm, carefully controlling its growth to that end. Unlike
the bustling cities of Dallas, Plano and Frisco that lie just a few miles south, Prosper b characterized by estate-size home sites,
pristine rolling hills and vast expanses of open land. Here, you'll discover an alluring lifestyle in beautiful homes that populate
quiet neighborhoods. Today, Prosper is the home to more than 100 businesses and hundreds of new families.
The Town oy Prosper is"A Place Where Everyone K4atters."
Fiscal Year 2009-2010 25 Adopted Budget
35,000
30,000
25,000
20,000
15,000
10,000
5,000
0 +r Trr" TAB =----f"'" T" T -*- TO T" T T� T� T T� - 'f I -r TR- T - 1
�O oN 0'L 0'3 0� oh o� 01 0� o°� ,�O ti� y1
ti� do ti� ,yo ,yo ,yo ,�o ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo
Source: Population estimates to date are from North Central Texas Council of Governments;
Future estimates are from Town of Prosper Staff (as in business plans)
The 2010 Census will better define the demographic profile of the Town, which has
changed dramatically since the last Census in 2000. New Residential Neighborhood
Developments along with two new luxury multifamily complexes and several annexations
have substantially increased the population. The 2009/2010 Annexation Plan Map below
shows much of the newly annexed area (2009 in Blue and 2010 in Red) to be low density
residential or agricultural uses, but will later spur into more heavily developed properties.
i
Fiscal Year 2009 -2010
26
Adopted Budget
The average property tax bill for a Prosper resident in Collin County is calculated below assuming
the 2009 average home taxable value of $343,317 at the adopted rate for Prosper of $0.52 per $100
taxable valuation with no exemptions.
Rate per
Town of
Prosper,
$0.520000,
20.89%
Collin College,
$0.086300,
3.47%
$0.242500
9.74%
The tax rates of entities are from the Collin County Tax Assessor or DentonCAD websites.
Below is a quick comparison of the Town of Prosper's Property Tax Rate to other cities.
2009 Tax Rate
$1 00 Rounded to 4 digits
$100 Valuation
Tax Levy
Town of Prosper
$
0.520000
$
19785.25
Prosper ISD
$
1.640000
$
5,630.40
Collin County
$
0.242500
$
832.54
Collin College
$
0.086300
$
296.28
0.6450
$0.60
— — - —
—
—
Prosper ISD,
0.4650
$1.640000,
— —
— —
65.90%
Town of
Prosper,
$0.520000,
20.89%
Collin College,
$0.086300,
3.47%
$0.242500
9.74%
The tax rates of entities are from the Collin County Tax Assessor or DentonCAD websites.
Below is a quick comparison of the Town of Prosper's Property Tax Rate to other cities.
2009 Tax Rate
$1 00 Rounded to 4 digits
$0.80
0.7284 –
0.5809 0.5855 0.5861 0.6100 0.6227 0.6227
0.6345 0.6400
0.6450
$0.60
— — - —
—
—
0.4650
— —
— —
— — — –
$0.40
03742 0.3771
— — — —
— — —" — —
—
—
— —
— —
— — — –
$0.20
—
— — —
— — — — —
—
—
— —
— —
— — — –
$0.00
T
T T T
T T T T T-
-T-
C-1
Q
� QQ- �
P Jk. �� ��. tS•
�.
�
L LO
c�P �`
�P
Fiscal Year 2009 - 2010
27
Adopted Budget
P
f,11" 0,VY 7 INT 0 F
NJ
This page was intentionally left blank.
Fiscal Year 2009 -2010 28 Adopted Budget
P11N OF
OW
SPER
Prosper is a place where everyone matters.
FUND SUMMARIES
0
Consolidated Town Fund Summaries
Individual Fund Summaries
"Building community
H
_ S
FISCAL YEAR 2009 -2olo ADOPTED BUDGET
r �
P
t
_ S
FISCAL YEAR 2009 -2olo ADOPTED BUDGET
ANNUAL SUMMARY
FUND
GENERAL
REVENUES
EXPENDITURES
NET REVENUES OVER (UNDER) EXPENDITURES
WATER / SEWER REVENUES
EXPENDITURES
NET REVENUES OVER (UNDER) EXPENDITURES 573,081 647 132,065 23,370
DEBT SERVICE (I &S) REVENUES
2,120,867
2,116,409
ADOPTED
ACTUAL
BUDGETED
1
PROJECTED
1
BUDGET
2007 -2008
2008 -2009
2008 -2009
2009 -2010
56,450
163,813
128,600
CAPITAL PROJECTS REVENUES
7,636,252
6,471,362
6,027,649
6,411,914
6,722,376
6,322,297
5,829,730
6,397,346
913,876
149,065
197,918
14,568
4,648,829
3,895,993
4,538,300
5,560,932
4,075,748
3,895,346
4,406,235
5,537,562
183,100
611,000
NET REVENUES OVER (UNDER) EXPENDITURES 573,081 647 132,065 23,370
DEBT SERVICE (I &S) REVENUES
2,120,867
2,116,409
2,231,350
2,209,934
EXPENDITURES
2,080,369
2,059,959
2,067,537
2,081,334
NET REVENUES OVER (UNDER) EXPENDITURES
40,498
56,450
163,813
128,600
CAPITAL PROJECTS REVENUES
688,526
220,000
13,691,830
297,000 a
EXPENDITURES
1,615,896
802,075
2,234,425
96,885
NET REVENUES OVER (UNDER) EXPENDITURES
(927,370)
(582,075)
11,457,405
200,115 a
PARKS REVENUES
457,004
537,000
288,110
228,000
EXPENDITURES
183,100
611,000
NET REVENUES OVER (UNDER) EXPENDITURES
457,004
537,000
105,010
(383,000) #
IMPACT FEES REVENUES
1,653,973
856,000
529,600
675,000 '
EXPENDITURES
228,437
195,049
422,750
250,000
NET REVENUES OVER (UNDER) EXPENDITURES
1,425,536
660,951
106,850
425,000
INTERNAL SERVICE REVENUES
8,100
33,480
70,400
71,510
EXPENDITURES
4,050
33,480
42,000
50,000
NET REVENUES OVER (UNDER) EXPENDITURES
4,050
0
28,400
21,510
SPECIAL REVENUE REVENUES
812,003
48,500
365,700
61,200
EXPENDITURES
52,703
26,000
68,410
60,000
NET REVENUES OVER (UNDER) EXPENDITURES
759,300
22,500
297,290
1,200
STORM DRAINAGE REVENUES
75,500
EXPENDITURES
60,000
NET REVENUES OVER (UNDER) EXPENDITURES
15,500
Fiscal Year 2009 -2010 31 Adopted Budget
FUND BALANCE AND RESERVE POSITIONING
ACTUAL FUND 1ACCOUNT'IYPE 007 -2008 I BUDGETED 82009 PROJECTED 2 08- 009
I ADOPTED
200 20 0
REVENUES Property Tax
Sales Tax
Franchise Tax
Licenses, Fees, and Permits
Charges for Services
Grants
Investment income
Fines, Warrants and Seizures
Contributions
Miscellaneous
EXPENDITURES
2,319,049
1,287,511
340,714
1,193,843
160,948
130,000
117,298
234,746
TOTAL REVENUES $ 5,848,471 $
General Government
Police Department
Dispatch
Court
Fire Department
Fire Marshall
Streets
Parks and Recreation
Engineering
Inspections
Code Enforcement
Planning
Communications
TOTAL EXPENDITURES $
Period Excess I (Deficit) $
OTHER FINANCING Capital Leases Proceeds
Transfers (out) for Debt Service
Transfers In Capital Assets
Transfer for Operations
TOTAL OTHER FINANCING SOURCES (USES) $
NET CHANGE IN FUND BALANCE $
BEGINNING FUND BALANCE $
ENDING FUND BALANCE $
BALANCE OF UNRESTRICTED FUNDS $
Less: 25% Reserve (90 Days)
10% Contingency per Charter (36 Days)
AMOUNT OVER (UNDER) MINIMUM RESERVE TARGET
AMOUNT OVER (UNDER) IN DAYS OPERATING COST
Fiscal Year 2009 -2010
32
$
903,491
937,327
183,982
1,243,116
351,841
96,779
142,297
401,317
316,843
11,198
2,107,777
6,695,968 $
(847,497) $
14,005
(18,308)
1,773,776
(8,100)
1,761,373 $
913,876 $
3,093,165 $
4,007,041 $
4,007,041 $
1,673,992
669,597
1,663,452 $
89
2,884,060
1,103,045
299,494
1,055,785
159,700
358,051
100,200
205,375
106,150
6,271,860 $
895,438
1,225,044
206,716
2,023,059
298,482
260,483
175,926
613,774
385,540
209,620
6,294,082 $
3,021,750
1,053,500
327,000
512,237
156,610
358,052
87,075
205,600
91,755
5,813,579 $
925,271
1,088,404
211,645
1,895,685
273,995
230,940
142,362
467,167
381,231
184,815
5,801,515 $
(22,222) $ 12,064 $
14,568
199,502 199,502
3,227,903
1,103,500
330,100
565,050
185,050
320,070
56,000
222,500
6,054,223
1,136,893
976,465
366,135
228,510
1,790,024
109,450
276,530
423,732
133,440
384,897
131,610
295,380
114,040
6,367,106
(312,883)
14,568
343,123
171,287
$
185,855
$
327,451
149,065
$
197,918
$
14,568
4,007,041
$
4,007,041
$
4,204,959
4,156,106
$
4,204,959
$
4,219,527
4,156,106
$
4,204,959
$
4,219,527
1,573,521
1,450,379
1,591,777
629,408
580,152
636,711
1,953,177
$
2,174,429
$
1,991,040
112
135
113
Adapted Budget
NET ASSETS AND RESERVE POSITIONING
FUND
ACCOUNT TYPE
ACTUAL
1 2007 -2008
BUDGETED
1 2008 -2009
PROJECTED
1 2008 -2009
ADOPTED
BUDGET
1 2009 -2010
REVENUES- Operating
Water and Sewer Charges
3,706,396
3,091,500
3,750,000
4,728,682
Sanitation Charges
410,003
424,900
485,000
571,000
Water and Sewer Connections
354,016
200,000
135,000
135,000
Service Initiation Fees
36,335
14,000
27,000
18,000
Miscellaneous
33,454
72,593
76,800
46,100
Total Operating
$ 4,540,204
$
3,802,993
$ 4,473,800
$ 5,498,782
Non - Operating
Interest Income
108,625
93,000
64,500
62,150
Total Non- Operating
$ 108,625
$
93,000
$ 64,500
$ 62,150
Trasfers In
Operating Transfers
-
-
Transfers in from Other Funds
-
-
-
-
Total Transfers In
$ -
$
-
$ -
$ -
TOTAL REVENUES
$ 4,648,829
$
3,895,993
$ 4,538,300
$ 5,560,932
EXPENSES- Operating
Personnel Services
464,553
545,729
546,583
581,320
Materials and Supplies
548,064
659,285
570,793
509,788
Contractual Services
2,075,536
2,418,445
2,494,316
2,728,710
Amortization
16,547
-
17,000
-
Depreciation
383,381
-
505,656
-
Total Operating
$ 3,488,081
$
3,623,459
$ 4,134,348
$ 3,819,818
Non- Operating
Interest Expense & Fiscal Charges
587,667
67,660
67,660
1,369,896
Total Non - Operating
$ 587,667
$
67,660
$ 67,660
$ 1,369,896
TOTAL EXPENSES Before Operating Transfers $ 4,075,745 $ 3,691,119 $ 4,202,006 $ 5,159,714
Net Income (Loss) Before Operating Transfers $ 573,081 $ 204,874 $ 336,292 $ 371,218
TRANSFERS Transfers in (out) for Debt Service 1,008,612 1,148,222 1,148,222 -
Transfers Out for Internal Service 4,725 4,725 4,725
Transfers Out for General Fund 199,502 199,502 343,123
Transfers in (out) for Capital Asset,, 228,437 - - -
Total Transfers $ 1,237,049 $ 943,995 $ 943,995 $ (347,848)
CHANGE IN NET ASSETS
BEGINNING NET ASSETS
ENDING NET ASSETS
16% Minimum Target Reserve (60 Days)
2% Capital Replacement Reserve
Fiscal Year 2009 -2010
$ 1,810,130 $ 1,148,869 $ 1,280,287 $ 23,370
$ 7,890,530 $ 9,700,660 $ 9,700,660 $ 10,980,947
$ 9,700,660 $ 10,849,529 $ 10,980,947 $ 11,004,317
652,120 623,255 704,998 886,010
231,902 231,902
33 Adopted Budget
FUND BALANCE
Fiscal Year 2009 -2010 34
Adopted Budget
ADOPTED
1
ACTUAL
BUDGETED
1
PROJECTED
1
BUDGET
FUND
ACCOUNT TYPE
2007 -2008
2008 -2009
2008 -2009
2009 -2010
REVENUES Property Tax
2,086,522
2,087,409
2,136,350
2,129,934
Investment Income
34,345
29,000
95,000
80,000
TOTAL REVENUES
$ 2,120,867
$ 2,116,409
$ 2,231,350
$
2,209,934 ,
EXPENDITURES Principal
399,263
445,800
445,800
480,750
Interest
481,394
461,937
461,937
1,600,584
TOTAL EXPENDITURES
$ 880,657
$ 907,737
$ 907,737
$
2,081,334
Period Excess /(Deficit)
$ 1,240,210
$ 1,208,672
$ 1,323,613
$
128,600 ,
OTHER FINANCING Administrative Fees
-
(4,000)
(11,578)
-'
Transfers Out for Debt Service
(1,199,712)
(1,148,222)
(1,148,222)
-;
TOTAL OTHER FINANCING SOURCES (USES)
$ (1,199,712)
$ (1,152,222)
$ (1,159,800)
$
-'
NET CHANGE IN FUND BALANCE
$ 40,498
$ 56,450
$ 163,813
$
128,600
BEGINNING FUND BALANCE
$ 581,371
$ 621,869
$ 621,869
$
785,682
ENDING FUND BALANCE
$ 621,869
$ 678,319
$ 785,682
$
914,282
Fiscal Year 2009 -2010 34
Adopted Budget
" l :'_ =
FUND
ACCOUNT TYPE
ACTUAL
2007 -2008
BUDGETED
2008 -2009
PROJECTED
2008 -2009
ADOPTED
BUDGET
1 2009 -2010
3
1 REVENUES
Proceeds From Bond Issuance
-
13,497,830
-
Miscellaneous
Bond Issuance Cost
-
{
Grants
321,967
Due From Water & Sewer Fund
-
235,000
Investment Income
315,031
220,000
194,000
62,000
TOTAL REVENUES
$ 636,998
$ 220,000
$ 13,691,830
$ 297,000
EXPENDITURES
General Government
-
-
43,625
96,885
TOTAL OTHER FINANCING SOURCES (USES)
Capital Outlay
$
802,075
2,190,800
-
- `
TOTAL EXPENDITURES
$ -
$ 802,075
$ 2,234,425
$ 96,885
Period Excess /(Deficit)
$ 636,998
$
(582,075)
$ 11,457,405
$
200,115
OTHER FINANCING Bonds Issue
-
-
M;
Bond Issuance Cost
Due From Water & Sewer Fund
-
Transfers In
51,528
Transfers Out
(1,615,896)
1
TOTAL OTHER FINANCING SOURCES (USES)
$ (1,564,368)
$
-
$ -
$
- `
NET CHANGE IN FUND BALANCE
$ (927,370)
$
(582,075)
$ 11,457,405
$
200,115
BEGINNING FUND BALANCE
$ 3,160,183
$
2,232,813
$ 2,232,813
$
13,690,218
ENDING FUND BALANCE
$ 2,232,813
$
1,650,738
$ 13,690,218
$
13,890,333 -`
I
Fiscal Year 2009 -2010 35 Adopted Budget
FUND BALANCE
Fiscal Year 2009 -2010 36
Adopted Budget
ADOPTED
1
ACTUAL
1
BUDGETED
PROJECTED
1
1
BUDGET
FUND
ACCOUNT TYPE
2007 -2008
2008 -2009
2008 -2009
2009 -2010
REVENUES Park Improvement Fees
208,897
400,000
114,000
100,000
Park Dedication Fees
209,210
100,000
160,000
120,000
Park Improvement- Interest
20,202
19,000
5,810
3,000
Park Dedication- Interest
18,695
18,000
8,300
5,000
TOTAL REVENUES
$ 457,004
$
537,000
$
288,110
$
228,000
EXPENDITURES General - Parks Dedication
-
-
164,100
611,000
General - Parks Improvement
-
-
19,000
-
TOTAL EXPENDITURES
$ -
$
-
$
183,100
$
611,000
Period Excess /(Deficit)
$ 457,004
$
537,000
$
105,010
$
(383,000)
NET CHANGE IN FUND BALANCE
$ 457,004
$
537,000
$
105,010
$
(383,000)
BEGINNING FUND BALANCE
$ 1,081,077
$
1,538,081
$
1,538,081
$
1,643,091
ENDING FUND BALANCE
$ 1,538,081
$
2,075,081
$
1,643,091
$
1,260,091
Fiscal Year 2009 -2010 36
Adopted Budget
FUND BALANCE
FUND
ACCOUNT TYPE
ACTUAL
2007 -2008
BUDGETED
1 2008 -2009
PROJECTED
1 2008 -2009
ADOPTED
BUDGET
1 2009 -2010
I
REVENUES
Impact Fees - Water
619,130
225,000
183,000
200,000
Transfers Out
Impact Fees - Sewer
459,092
175,000
106,500
150,000
TOTAL OTHER FINANCING SOURCES (USES)
Impact Fees - Thoroughfare
485,183
375,000
207,000
300,000
NET CHANGE IN FUND BALANCE
Investment Income
90,569
81,000
33,100
25,000
BEGINNING FUND BALANCE
TOTAL REVENUES
$ 1,653,973
$ 856,000
$ 529,600
$ 675,000
EXPENDITURES
General - Water
-
-
-
150,000
General - Sewer
195,049
-
100,000
General - Thoroughfare
-
42,650
- i
Capital Outlay- Water
340,100
Capital Outlay - Sewer
-
Capital Outlay - Thoroughfare
-
-
40,000
TOTAL EXPENDITURES
$ -
$ 195,049
$ 422,750
$ 250,000
F
Period Excess /(Deficit)
$ 1,653,973
$
660,951 $
106,850 $
425,000
s
OTHER FINANCING Transfers In
_
Transfers Out
(228,437)
TOTAL OTHER FINANCING SOURCES (USES)
$ (228,437)
$
- $
$
-
NET CHANGE IN FUND BALANCE
$ 1,425,536
$
660,951 $
106,850 $
425,000
BEGINNING FUND BALANCE
$ 2,537,119
$
3,962,656 $
3,962,656 $
t
4,069,506 r
ENDING FUND BALANCE $ 3,962,656 $ 4,623,607 $ 4,069,506 $ 184,815 {
w
Fiscal Year 2009 -2010 37 Adopted Budget
FUND BALANCE
FUND
ACCOUNT TYPE
ACTUAL
2007-2008
I B 008-2 09D
I PROJECTED 08- 009
ADOPTED
BUDGET
1 2009-2010
REVENUES Transfers In
8,100
33,480
70,000
71,010
Investment Income
-
-
400
500
TOTAL REVENUES
$ 8,100
$ 33,480
$ 70,400
$ 71,510
EXPENDITURES Operating Expenses
4,050
33,480
42,000
50,000
Transfers Out
-
-
-
-
TOTAL EXPENDITURES
$ 4,050
$ 33,480
$ 42,000
$ 50,000
Period Excess /(Deficit)
$ 4,050
$ -
$ 28,400
$ 21,510
NET CHANGE IN FUND BALANCE
$ 4,050
$ -
$ 28,400
$ 21,510
BEGINNING FUND BALANCE
$ -
$ 4,050
$ 4,050
$ 32,450
ENDING FUND BALANCE
$ 4,050
$ 4,050
$ 32,450
$ 53,960
Fiscal Year 2009 -2010 38 Adopted Budget
RJND BALANCE
Period Excess / (Deficit) $ 759,301 $ 22,500 $ 313,599 $ 1,200
NET CHANGE IN FUND BALANCE
$
759,301
$ 22,500
$
313,599
ADOPTED
IFUND
BEGINNING FUND BALANCE
$
ACTUAL
BUDGETED
PROJECTED
BUDGET
$
1,744,921
ACCOUNT TYPE
2007-2008
2098-2009
2008-2009
2009-2010
1,744,921
$
1,746,121
i
IREVENUES
Police Donations
14,071
12,000
15,396
15,000
Fire Donations
14,446
12,000
14,036
12,000
Health & Safety Fair Donations
6,823
4,000
-
2,000
Child Safety Donations
3,458
2,500
3,523
3,000
Court Security Revenue
3,518
2,500
3,585
2,900
Court Technology Revenue
4,462
3,000
4,734
3,800
Escrow Income
749,862
-
321,217
-
Country Christmas Revenues
12,250
10,000
29,549
20,000
Cash Seizures
1,114
500
-
500
Grants
2,000
2,000
2,000
2,000
TOTAL REVENUES
$ 812,003
$ 48,500
$ 394,041
$ 61,200
EXPENDITURES
General Government
52,703
26,000
80,442
60,000
TOTAL EXPENDITURES
$ 52,703
$ 26,000
$ 80,442
$ 60,000
Period Excess / (Deficit) $ 759,301 $ 22,500 $ 313,599 $ 1,200
NET CHANGE IN FUND BALANCE
$
759,301
$ 22,500
$
313,599
$
1,200
BEGINNING FUND BALANCE
$
672,021
$ 1,431,322
$
1,431,322
$
1,744,921
ENDING FUND BALANCE
$
1,431,322
$ 1,453,822
$
1,744,921
$
1,746,121
Fiscal Year 2009-2010 39 Adopted Budget
FUND BALANCE
FUND
ACCOUNT TYPE
ACTUAL
1 2007 -2008
BUDGETED
1 2008 -2009
PROJECTED
1 2008 -2009
ADOPTED
BUDGET
1 2009 -2010
REVENUES Transfers In
75,000
Investment Income
-
-
-
500
TOTAL REVENUES
$ -
$ -
$ -
$ 75,500
EXPENDITURES Operating Expenses
0
0
0
60,000
Transfers Out
-
-
-
-
TOTAL EXPENDITURES
$ -
$ -
$ -
$ 60,000
Period Excess / (Deficit)
$ -
$ -
$ -
$ 15,500
NET CHANGE IN FUND BALANCE
$ -
$ -
$ -
$ 15,500
BEGINNING FUND BALANCE
$ -
$ -
$ -
$ -
ENDING FUND BALANCE
$ -
$ -
$ -
$ 15,500
Fiscal Year 2009 -2010 40 Adopted Budget
FUND BALANCE
EXPENDITURES
General
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
TOTAL REVENUES
$
470,548
$ 396,667
$ 360,384
$
ADOPTED
penses
709,103
ACTUAL
1
BUDGETED
1
PROJECTED
1
BUDGET f
FUNI)
ACCOUNT TYPE
709,103
2007 -2008
2008 -2009
2008 -2009
2009 -2010
Period Excess/ (Deficit)
$
(238,555)
$ 59,852
$ 197,842
$
45,210
REVENUES Sales Tax
427,849
366,667
348,334
346,000
Investment Income
42,699
30,000
12,000
24,000
Other Income
0
0
50
0
EXPENDITURES
General
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
TOTAL REVENUES
$
470,548
$ 396,667
$ 360,384
$
370,000
penses
709,103
336,815
162,542
324,790
TOTAL EXPENDITURES
$
709,103
$ 336,815
$ 162,542
$
324,790
Period Excess/ (Deficit)
$
(238,555)
$ 59,852
$ 197,842
$
45,210
$
(238,555)
$ 59,852
$ 197,842
$
45,210
$
1,408,116
$ 1,169,561
$ 1,169,561
$
1,367,403
$
1,169,561
$ 1,229,413
$ 1,367,403
$
1,412,613
Fiscal Year 2009 -2010 41 Adopted Budget
Fiscal Year 2009 -2010 42 Adopted Budget
P11OWN OF
SPE
Prosper is a place where everyone matters.
REVENUE PROJECTIONS
•
General Fund Projected Revenue Sources
Property Valuations & Ad Valorem Taxes
Property Tax Rate .Distribution
Sales Tax
Water & Sewer Fund Revenue Outlook
Other Town Funds Estimated Revenues
"Building community ..."
FISCAL YEAR 2009 -2010 ADOPTED BUDGET
Revenue Category
Property Tax
'Sales Tax
License, Fees & Permits
Franchise Fees
Transfers In
Grants
Fines & Warrants
.Charges for Services
Investment Income
:Miscellaneous
Revenue Total
FY 2010 Adopted
% of Total
$3,227,903
50.5%
$1,103,500
17.2%
$565,050
8.8%
$330,100
5.2%
$343,123
5.4%
$320,070
5.0%
$222,500
3.5%
$185,050
2.9%
$56,000
0.9%
$44,050
0.7%
$6,397,346
100.0%
Transfers In, $343,123 Other Sources,
,5% $507,600, 8%
Franchise Fees, Grants, $320,070, 5%
$330,100, 5%
License, Fees &
Permits, $565,050,
9% ales Tax, 1 $1,103,500,
17%
Fiscal Year 2009-2010
Property Tax,
$3,227,903, 51%
45 Adopted Budget
$1,200,000 $400,000
Certified Net Assessed Taxable Increased 3.77%
fExisting Property Values Decreased 2.11 % Overall
I New Construction Totaled $ 59.8 Million
rFreeze Adjusted Valuations increased 1.5% from Collin CAD and 51.9% from Denton CAD
i
Ad Valorem Taxes
a
ry
Total Freeze Adjusted Taxable Value $961,135,664 a
G
F
Times Tax Rate (Per $100) 0.52
Times Anticipated Tax Collections 100%
Plus Actual Tax on Freeze $255,940.00
TOTAL TAX LEVY $5,253,845
One Penny on the Tax Rate $96,113
Fiscal Year 2009 -2010 46 Adopted Budget
$342,977 5344'4 8
$350,000
$1,000,000
-
$315,308
$300,000
► $800,000
279 468
.�;m.- .' 55,321 $2
$250,000 !:
$242,304
9
�. 0 $600,000
$226,500
t'
$200,000 `
$98,986 $1 Q15,915
$150,000
$400,000
—
$90,120 —
Rk $69,039
i
$100,000 i
$200,000
— $ 6,296 —
$ 219,864 $ 56,199 $412,600
$50,000 I
f.
I
i
2002 2003 2004 2005 2006
2007 2008 2009
f
k
Certified Net Assessed Taxable Valuations
Avg Home Taxable Value
4•
Source: Collin
County Certified Tax Rolls 2002 -2009
Certified Net Assessed Taxable Increased 3.77%
fExisting Property Values Decreased 2.11 % Overall
I New Construction Totaled $ 59.8 Million
rFreeze Adjusted Valuations increased 1.5% from Collin CAD and 51.9% from Denton CAD
i
Ad Valorem Taxes
a
ry
Total Freeze Adjusted Taxable Value $961,135,664 a
G
F
Times Tax Rate (Per $100) 0.52
Times Anticipated Tax Collections 100%
Plus Actual Tax on Freeze $255,940.00
TOTAL TAX LEVY $5,253,845
One Penny on the Tax Rate $96,113
Fiscal Year 2009 -2010 46 Adopted Budget
Fiscal Year
2002-03
2003-04
2004-05
2005-06
2006-07
2007-08
2008-09
2009-10
General Fund
0.244698
0.218440
0.188440
0.184549
0.184549
0.275075
0.305011
0.314084
I & S Fund
40%
I & S Fund
0.115302
0.105660
0.291260
0.220836
0.314268
0.244925
0.214989
0.205916
Total
0.360000
0.324100
0.479700
0.405385
0.498817
0.520000
0.520000
0.520000
0.0 0.1
Tax Rate Distribution
FY 2009-2010
General Fund t -- I & S Fund
FY 2008-2009
I & S
Fund
41%
General
Fund
59%
FY 2007-2008
I&S
Fund
47%
OrAO
(General
Fund
53%
eral Fund
60%
FY 2006-2007
0.6
I&S
Fund
63%
General
Fund
37%
Fiscal Year 2009-2010 47 Adopted Budget
$2,500
$2,000
$502
$469
$1,500 . —. __: —
E ' - $428
$402
N
$358 $346
$323
f
In $1,000 — — —
— — — -
EDC
►�- $228 $1,507
$1, 406
Sales
$178 $187
$1,20 $1;284
Tax
$500 $158 _ 7 _
— �- $9,0 -
$1,03 $1 104
$55 4713 $535 $683 $562
?Town
es
$16 $166
$51 $65 -,-
-,
Tax
T-
0 0 y03e 0.
C0h�����CP 0 oO
ti y
tiIZ y
<k �J Q,
0J'
Source: The Texas State Comptrollers Website
Notes: The Town Sales Tax Includes $0.005 for Property Tax Relief
Prosper received a significant one -time, multi -year audit payment from the State
skewing the FY 2008 total. If removed receipts would have totaled $1.056 Million
for the Town and $352 Thousand for the EDC.
Sales taxes contribute approximately 17.2% of General Fund revenues and are the second
largest source of revenue for the General Fund Budget. The Town examines the market
conditions in Prosper and the Metroplex in budgeting sales tax conservatively year to year.
Town Sales tax revenues are primarily generated within four areas of business. The
business types are categorized according to the North American Industry Classification
System ( "NAICS "). The Town receives some revenues, even though many are small
denominations, from over three hundred NAICS codes or business types. The top four
contributing NAICS classifications in Prosper (in no particular order) are Landscaping
Services, Home Centers, Ready -Mix Concrete Manufacturing and Electric Power Distribution.
Sales in these top four account for over 50% of the Town's Sales Tax Receipts. Two of the
four are directly and another one is indirectly tied to the construction industry. This will be
closely monitored in FY 2010 since the construction industry often lags the market.
Fiscal Year 2009 -2010
48
Adopted Budget
Revenue Category
Water Charges
Sewer Charges
Solid Waste Charges
Investment Income
Tap & Construction
Penalties
License, Fees & Permits
Miscellaneous
Revenue Total
Investment Income,
$135,000, 3%
Solid Waste Charges,
' l I
$571,000 , 10�
FY 2010 Adopted
$3,339,102
$1,389,580
$571,000
$135,000
$62,150
$30,000
$19,100
$15,000
$5,560,932
Other Sources,
$126,250, 2%
Yo of Total
60.0%
25.0%
10.3%
2.4%
1.1%
0.5%
0.3%
0.3%
100.0%
Water Charges,
$3,339,102, 60%
Sewer Charges,
$1,389,580, 25%
Fiscal Year 2009 -2010 49 Adopted Budget
Revenue Category
Debt
Service
Capital
Projects
Parks
Impact Fees
Internal
Service
Special
Revenue
Storm
Drainage
EDC
Property Tax
2,129,934
-
-
-
-
-
-
Fees &
Sales Tax
-
-
-
-
-
-
-
346,000
Investement Income
80,000
62,000
8,000
25,000
500
-
500
24,000
License, Fees & Permits
-
-
220,000
-
-
6,700
75,000
Impact Fees
-
-
-
650,000
-
-
-
-
Contributions
-
-
-
-
-
52,500
-
Escrow Income
-
-
-
-
-
-
Grants/ Reimbursements 1
-1
235,000
-
-
2,000
-
-
Transfers In
-1
-
-
71,010
-
-
-
Fund Total Revenues
2,209,934
297,000
2281000
675,000
71,510
61,200
75,500
370,000
Debt Service
Investement
Income
I4%
Property Tax
96%
Parks
Investement
Income
License,
Fees &
Permits
96%
License,
Fees & Special Revenue
Permits
11 %-1
Grants/
Reimb. Contribution
3% 66%
Capital Projects
Impact Fees
Investement
Income
4%
1
Impact Fees
-� 1 96%
Storm Drainage
Investement
Income
1%
License,
Fees &
Permits
99%
Internal Service
Investement EDC
Income
I6%
Sales Tax
94%
Fiscal Year 2009 -2010 50 Adopted Budget
PISPOEI;R
O W N
Prosper is a place where everyone matters.
In
� 1tt.1t � •
General Fund Total Appropriations
General Fund Departmental Appropriations
Water & Sewer Fund Appropriations
Water & Sewer Fund Departmental Appropriations
EDC Fund Departmental Appropriations
"Building community..."
FISCAL YEAR zooy -aolo ADOPTED BUDGET
b
APPROPRIATIONS
FY 2009 FY 2009 FY 2009 FY 2010
FY 2007 FY 2008 ADOPTED AMENDED PROJECTED ADOPTED
:CATEGORY ACTUAL ACTUAL BUDGET BUDGET ACTUAL BUDGET
€Personnel 2,304,472 3,058,720 4,119,605 4,119,605 3,837,313 4,321,324 i
d
Materials & Supplies 252,373 193,104 338,809 338,809 288,558 311,480
?Town Services &Maintenance 227,794 270,382 415,352 415,352 299,193 405,005
Contractual /Professional Services 718,849 1,153,726 1,210,696 1,210,696 1,114,441 1,214,257 }
Capital 139,447 334,001 209,620 209,620 215,301 115,040 Y,
Interfund Transfers 8,100 28,215 28,215 28,215 30,240 }'
TOTAL $ 3,642,935 $ 5,018,033 $ 6,322,297 $ 6,322,297 $ 5,783,021 $ 6,397,346;
i.
I
Interfund Transfers $7,000 w
Capital $6,000
,
$5,000] ¢
Contractual/Professional r I S
Services $4,000 (,
Town Services & $3,000 ' ' r
Maintenance
Materials & Supplies $2,000 - $.,: - "' fir:
Personnel $1,000
l $0
Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010
ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED...
I
,
,
I
INCREASE (DECREASE) IN EACH CATEGORY OVER TIME
Fiscal Year 2009 -2010 53 Adopted Budget
— -
-
- 248%
250% 1
l
c
200%
W_
150%
4)
100%
°
.0
60/
v
50%
33% — 49%
25%
-- — 35% — --
—
ai
u
iy 13% 8%
19% 11 9%
io
°
7/° 15% 11%
-0y.
a
0%
- - - -- r T— - t
�—
— '23'Y —
— -- -- -
36
-50%
Personnel Materials &
Town Serv. & Contract. /Pro.
Capital Interfund Total Change
Supp.
Maint. Services
Transfers
FY07 Actual to FY08 Actual
FY08 Actual to FY09 Projection
FY09 Projection to FY10 Budget
Fiscal Year 2009 -2010 53 Adopted Budget
'Department
FY 2010 Adopted
% of Total
,Administration
$1,075,13-3
16.81%
Code Enforcement
$131,610
2.1%
Dispatch
$366,135
5.7%
'Engineering
$133,440
2.1%
Fire
$1,832,874
28.7%
Fire Marshall
$109,450
1.7%
Inspections
$384,897
6.0%
Library
$94,000
1.5%
Municipal Court
$228,510
3.6%
Parks
$426,732
6.7%
Planning
$295,380
4.6%
Police
$1,042,655
16.3%
Streets
$276,530
4.3%
Revenue Total
$6,397,346
100.0%
Inspection
6.0%
Parks
6.7%
Fiscal Year 2009-2010
Engineering
2.1%
Municipal Court Code Enforcement
3.6% 2.1%
Planning Streets re Marshall
Dispatch 4.6% 4.3% 1.7%
5.7% Library
1.5%
Fire
28.7%
Police
16.3%
54
Administration
16.8%
Adopted Budget
APPROPRIATIONS
FY 2009 FY 2009 FY 2009 FY 2010
FY 2007 FY 2008 ADOPTED AMENDED PROJECTED ADOPTED
CATEGORY ACTUAL ACTUAL BUDGFT BUDGET ACTUAL BUDGET
Personnel 449,829 546,041 511,150 511,150 521,108 606,618
Materials & Supplies 18,601 13,722 23,295 23,295 19,068 20,370
Town Services & Maintenance 25,095 34,801 55,800 55,800 56,444 96,185;
z.
Contractual/Professional Services 224,302 309,071 305,193 305,193 342,679 319,720
Capital 1,268 2,112 5,000 5,000 5,861 2,000
Interfund Transfers 8,100 28,215 28,215 28,215 30,240
TOTAL $ 719,095 $ 913,847 $ 928,653 $ 928,653 $ 973,375 $ 1,075,133 �±
r'
Interfund Transfers $1,200
� f
Capital
$1,000 1 ;
:
p
MW
Contractual/Professional $800
Services
Town Services & $600 ; 1
Maintenance = 55
$400
Materials & Supplies
$200
Personnel
$0 t
Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010
ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED.. G.
PERSONNEL
FULL TIME POSITIONS (FIE)
Assistant to the Town Manager
Comptroller
Finance Director
Receptionist/Utility Billing Clerk
Town Manager
Town Secretary
FY 2008
ADOPTED
1
1
1
0.25
1
1
ADDED OR I DEPARTMENT
FY 2009 REMOVED IN REQUEST TO
DOPTED I FY 2009 ADD/REMOVE
FY 2010
1
1
1
1
1
1
1
1
1
0.25
0.25
0.25
1
1
1
1
1
1
TOTAL 5.25 5.25 0.00 0.00
* Position serves both Administration and Utility Billing functions in Town Hall Front Office - Funded 75% in Utilities
5.25 5.25
Fiscal Year 2009 -2010 55 Adopted Budget
CATEGORY
FY 2007
ACTUAL
FY 2008
ACTUAL
I FY 2009
ADOPTED
BUDGET
FY 2009
AMENDED
BUDGET
1 FY 2009
PROJECTED
ACTUAL
FY 2010
ADOPTED
BUDGET
Personnel
543,293
641,884
862,073
862,073
757,185
787,275
Materials & Supplies
35,238
24,969
54,123
54,123
38,230
35,200
Town Services & Maintenance
72,104
88,213
113,000
113,000
73,145
88,800
Contractual/Professional Services
169,117
187,714
195,848
195,848
188,533
65,190
Capital
93,377
55,596
160,512
160,512
167,218
66,190
TOTAL
$ 913.129
998.376
$ 1.385.556
$ 1-385.556
1.224.311
S 1-042-6194;
Capital $1,400 J' ------
$1,200
Contractual/Professional r NOR
Services $1,000 i
mod;
Town Services& $800
Maintenance
$600
Materials & Supplies
$400
Personnel $200
$0
Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010
ACTUAL ACTUAL ADOPTED... AMENDED.- PROJECTED ACTUAL ADOPTED...
PERSONNEL
Fy 2009 1 2009 N M POSITION TITLE ADOPTED I ADOPTED FY ADD/REMOVE PROPOSED I ADOPTED
FULL TIME POSITIONS (FIE)
Captain 1 1 1 1
Chief I I I I
Dispatch Supervisor
Executive Assistant
Police Officer 7 7 -1 6 6
Sergeant 1 1 1 2 2
TOTAL 11 12 0 -2 10
Position added to facilitate transition into dispatch operations and transferred to Dispatch Dept (25) once created
Position left vacant anticipating additional staffing required with Dispatch and the position is not funded for FY10
Position reclassified from Police Of
,flcer to Sergeant
Fiscal Year 2009-2010
10
56 Adopted Budget
APPROPRIATIONS
CATEGORY
Personnel
Materials & Supplies
Town Services & Maintenance
Contractual/Professional Services
Capital
TOTAL
FY 2009 FY 2009 FY 2009 FY 2010
FY 2007 FY 2008 ADOPTED AMENDED PROJECTED ADOPTED
ACTUAL ACTUAL BUDGET BUDGET ACTUAL BUDGET
301,185
11,950
9,000
44,000
Capital
$400 ' f
$350
Contractual/Professional
$300
Services
FY 2008
I
$250
Town Services & Maintenance J,1
$200
Materials & Supplies
$150 J
FY 2010
$100 ^ J
Personnel
$50 ' 1
FY 2009
$0 i
PROPOSED
Thousands
ERSONNEL
t
FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010
ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED...
i
Fiscal Year 2009 -2010 57 Adopted Budget
ADDED OR
DEPARTMENT
FY 2008
I
FY 2009
REMOVED IN
I
REQUEST TO
I
FY 2010
POSITION TITLE
ADOPTED
ADOPTED
FY 2009
ADD /REMOVE
PROPOSED
ADOPTED
FULL TIME POSITIONS (FIE)
I Dispatch Supervisor *
1
1
1
Dispatcher
5
5
5
TOTAL 0
0 0
6
6
6
i * Position transferred from Police Dept (20) when Dispatch Department Created
Fiscal Year 2009 -2010 57 Adopted Budget
APPROPRIATIONS
Personnel
Materials & Supplies
Town Services & Maintenance
Contractual/Professional Services
Capital
FY 2007
ACTUAL
735,435
101,208
104,507
55,899
17,537
FY 2008
ACTUAL
987,214
85,955
107,163
68,015
FY 2009
FY 2009
FY 2009
FY 2010
ADOPTED
AMENDED
PROJECTED
ADOPTED
BUDGET
BUDGET
ACTUAL
BUDGET
1,653,812
1,653, 812
1,616,562
1,476,179
121,161
121,161
95,304
109,700
164,136
164,136
124,874
139,345
83,950
83,950
59,600
64,800
15,400
15,400
8,323
42,850
2 038 459
$ 2 038 459
$ 1,904,663
$ 1,832,874
TOTAL $ 1,014,586 $ 1,454,809 $ ,
* This department previously included Fire Marshal, which has been budgeted separately for FY 2010.
i
Capital
$2,500 -
r'
ADDED OR
DEPARTMENT
—
FY 2008
FY 2009
REMOVED IN
$2,000
FY 2010
ADOPTED
ADOPTED
ADD/REMOVE
Contractual/Professional
ADOPTED
3
Services
3
3
9
15
15
$1,500
1
-1
1
1
c- Town Services &
1
1
Maintenance
K'
A
$1,000 -
t
Materials & Supplies
j
$500
Personnel
Thousands
FY 2007
FY 2008
FY 2008
FY 2009
FY 2009
FY 2010
ACTUAL
ACTUAL
ADOPTED...
AMENDED...
PROJECTED ACTUAL
ADOPTED..
PERSONNEL
POSITION TITLE
FULL TIME POSITIONS (FIE)
Captain
Firefighter/Paramedic
Fire Marshal *
PART TIME POSITIONS
Chief
TOTAL 14 20
* Position transferred to nelwy created Fire Marshal Dept (35)
Fiscal Year 2009 -2010
0 1
Adopted Budget
ADDED OR
DEPARTMENT
FY 2008
FY 2009
REMOVED IN
REQUEST TO
FY 2010
ADOPTED
ADOPTED
FY 2009
ADD/REMOVE
PROPOSED
ADOPTED
3
3
3
3
9
15
15
15
1
1
-1
1
1
1
1
TOTAL 14 20
* Position transferred to nelwy created Fire Marshal Dept (35)
Fiscal Year 2009 -2010
0 1
Adopted Budget
FY 2009 FY 2009 Y 2009 FY 20"
FY 2007 FY 2008 ADOPTED AMENDED PROJECTED ADOPTED
CATEGORY ACTUAL ACTUAL BUDGET BUDGET ACTUAL
Personnel 96,740
Materials & Supplies 3,460
Town Services & Maintenance 6,950
,.Contractual/Professional Services 2,300
t.
Capital
TOTAL $ - $ . $ - $ - $
This department along with its budget and expenditures were included in the Fire Department prior to FY 2010.
Capital
$110
$108
ContractuaL(Professional
Services
$106
$104
Town Services & Maintenance $102
$100
Materials & Supplies
$98
$96
Personnel
$94
$92
$go 4
Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010
ACTUAL ACTUAL ADOPTED.. AMENDED... PROJECTED ACTUAL ADOPTED, .
PERSONNEL
"Dr' 1 OR I DEPARTMENT
'D
FY 2008 FY 2009 1 REMOVED IN I REQUEST TO FY 2010
POSITION TITLE A ADOPTED FY 2009 ADDIREMOVF PROPOSED ADOPTED
FULL TIME POSITIONS (FIE)
Fire Marshal *
TOTAL 0 0 0
Position transferred from Fire Dept (30) when Fire Marshal Department Created
Fiscal Year 2009-2010 59 Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2007
ACTUAL
FY 2008
ACTUAL
FY 2009
ADOPTED
BUDGET
FY 2009
AMENDED
I BUDGET
FY 2009
PROJECTED
ACTUAL
FY 2010
ADOPTED
BUDGET
Personnel
82,071
96,210
102,170
102,170
98,940
107,650
Materials & Supplies
27,505
35,839
77,430
77,430
69,405
71,480
Town Services & Maintenance
2,934
7,514
18,632
18,632
6,105
10,240
Contractual/Professional Services
64,517
212,278
100,250
100,250
100,617
87,160
Capital
48,268
11,200
11,200
8,106
TOTAL $
177,027
$ 400,109
$ 309,682
$ 309,682
$ 283,173
$ 276,530
Capital
I
$450
f ?Y. s1
ADDED OR
REMOVED IN
FY 2009
$400 rf
PROPOSED I
FY 2010
ADOPTED
ContractuaMofessional
r
$350
4,
Services
$300
FY 2009
L Town Services & Maintenance
$250
PROJECTED ACTUAL ADOPTED...
$200 = `_
1
Materials & Supplies
$150 ?
1
$100 J 1_
1
Personnel
$50
°
0
$0 {
_- 2_
Thousands FY 2007
FY 2008 FY 2009
ACTUAL
ACTUAL ADOPTED...
PERSONNEL
POSITION TITLE
s
f ?Y. s1
ADDED OR
REMOVED IN
FY 2009
DEPARTMENT
REQUEST TO
ADD/REMOVE
PROPOSED I
FY 2010
ADOPTED
FULL TIME POSITIONS (FTE)
4,
FY 2009
FY 2009 FY 2010,
AMENDED...
PROJECTED ACTUAL ADOPTED...
POSITION TITLE
FY 2008
ADOPTED
FY 2009
I ADOPTED
ADDED OR
REMOVED IN
FY 2009
DEPARTMENT
REQUEST TO
ADD/REMOVE
PROPOSED I
FY 2010
ADOPTED
FULL TIME POSITIONS (FTE)
Maintenance Worker
1
1
1
1
Street Superintendent
1
1
1
1
TOTAL
2
2
0
0 2 _
_- 2_
L.,... .s.. _- -...... e...... a. a., a... m..... s.....,-_ �.. .»�._..,-- ...�...__.,.......... _...... .._.....- ...._..«.._ W.-.._._.._.. e......_... .,.,..._E.....J.....,_...�_.... _...._ . _.. e __.._._.... �.•,-..« �...:.... �,._..:.....,.. ��sd�. o.- .._......+.,..........m.e.�...
Fiscal Year 2009 -2010 60 Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2007
ACTUAL
FY 2008
I ACTUAL
FY 2009
ADOPTED
I BUDGET
FY 2009
I AMENDED
BUDGET
FY 2009
PROJECTED
I ACTUAL
FY 2010
ADOPTED
BUDGET t
Personnel
10,797
Materials & Supplies
24,483
Town Services & Maintenance
7,000
Contractual/Professional Services
50,720
f
1,000
Capital
f
PERSONNEL
TOTAL $ - $ - $ -
a yv,vvu l
* This is the first year to fund the Library as a standalone function and appropriate a departmental budget
{
$100 -f
ADDED OR
d Capital
k
FY 2008
FY 2009
REMOVED IN
$80
Contractual/Professional
POSITION TITLE
ADOPTED
Services
$70
ADDIREMOVE
PROPOSED
$60
Town Services & Maintenance
$50
Materials & Supplies
$40
$30
Library Assistant
Personnel
$20
1
$10
TOTAL 0
$0
f
2
Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009
FY 2010
ACTUAL ACTUAL ADOPTED... AMENDED.. PROJECTED ACTUAL
ADOPTED.. i
PERSONNEL
ADDED OR
DEPARTMENT
k
FY 2008
FY 2009
REMOVED IN
REQUEST TO
FY 2010
POSITION TITLE
ADOPTED
ADOPTED
FY 2009
ADDIREMOVE
PROPOSED
ADOPTED
PART TIME POSITIONS
I
Library Assistant
2
2
TOTAL 0
0 0
0 2
2
Fiscal Year 2009 -2010 61 Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2007
ACTUAL
FY 2008
ACTUAL
FY 2009
ADOPTED
I BUDGET
FY 2009
AMENDED
BUDGET
FY 2009
PROJECTED
ACTUAL
FY 2010
ADOPTED
BUDGET
Personnel
25,961
54,412
90,501
90,501
77,325
217,285
Materials & Supplies
10,447
7,034
22,550
22,550
16,717
6,150
Town Services & Maintenance
2,756
8,730
10,632
10,632
6,703
8,025
Contractual/Professional Services
20,536
26,426
136,800
136,800
58,223
192,272
Capital
556
19,023
17,000
17,000
22,451
3,000
TOTAL
$ 60,256
$ 115,625
$ 277,483
$ 277,483
$ 181,419
$ 426,732
PERSONNEL
POSITION TITLE
FY 2008
ADOPTED
FY 2009
I ADOPTED
ADDED OR
REMOVED IN
FY 2009
I DEPARTMENT
REQUEST TO
ADD /REMOVE
r- Capital $450
FY 2010
ADOPTED
FULL TIME POSITIONS (FTE)
$400 J
Maintenance Worker
2
Contractual/Professional $350
2
2
Parks Supervisor
Services
1
1
1
$300
--
�
J,t'
Town Services & Maintenance $250
TOTAL
2
2 0
1
`
4
* Position transferred from Planning Dept (90) once assigned to oversee Parks
- WZ
$200
� a
Materials & Supplies 150
-
$100:
Personnel $50
1
$0
Thousands
FY 2007
FY 2008 FY 2009 FY 2009
FY 2009
FY 2010
ACTUAL
ACTUAL ADOPTED... AMENDED...
PROJECTED ACTUAL
ADOPTED...
PERSONNEL
POSITION TITLE
FY 2008
ADOPTED
FY 2009
I ADOPTED
ADDED OR
REMOVED IN
FY 2009
I DEPARTMENT
REQUEST TO
ADD /REMOVE
PROPOSED
FY 2010
ADOPTED
FULL TIME POSITIONS (FTE)
Maintenance Worker
2
2
2
2
Parks Supervisor
1
1
1
Senior Planner *
1
1
TOTAL
2
2 0
1
4
4
* Position transferred from Planning Dept (90) once assigned to oversee Parks
Fiscal Year 2009 -2010 62 Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2007
ACTUAL
FY 2008
ACTUAL
FY 2009
ADOPTED
BUDGET
FY 2009
AMENDED
BUDGET
FY 2009
PROJECTED
ACTUAL
FY 2010
ADOPTED
BUDGET
Personnel
58,501
61,539
65,961
65,961
64,847
66,530
Materials & Supplies
2,896
3,584
7,000
7,000
4,072
5,835
Town Services & Maintenance
527
150
2,895
2,895
2,783
2,410
Contractual/Professional Services
62,896
118,709
130,860
130,860
142,104
153,735
Capital
TOTAL
$ 124,820
$ 183,982
$ 206,716
$ 206,716
$ 213,806
$ 228,510
Capital
$250 —
1
Contractual/Professional
$200 -
Services
$1 50 -
Town Services & Maintenance
$100 '
Materials & Supplies
i
$50
Personnel
$0
Thousands FY 2007
ACTUAL
PERSONNEL
e
r
FY 2008 FY 2009
ACTUAL ADOPTED...
4
r I'
FY 2009 FY 2009 FY 2010 t
AMENDED... PROJECTED ACTUAL ADOPTED.. pp
C'
t'
t'
t
ADDED OR I DEPARTMENT
FY 2008 FY 2009 REMOVED IN I REQUEST TO I FY 2010
POSITION TITLE ADOPTED I ADOPTED FY 2009 1 ADD/REMOVE I PROPOSED I ADOPTED
FULL TIME POSITIONS (FIE)
Court Clerk 1
Municipal Court Administrator * 1
TOTAL 1 1 0
* This position was reclassified from a Clerk to an Administrator in FY 2008 -2009
Fiscal Year 2009 -2010 63
0 1 1
..,,.�... ,,.o.._ ��..._,.____�.�_.__ -• - Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2007
ACTUAL
FY 2008
ACTUAL
FY 2009
ADOPTED
BUDGET
FY 2009
AMENDED
BUDGET
FY 2009
PROJECTED
ACTUAL
FY 2010
ADOPTED
BUDGET
Personnel
FY 2009
332,878
403,116
511,659
511,659
372,731
332,065
Materials & Supplies
FY 2009
26,529
16,586
23,300
23,300
36,704
10,482
Town Services & Maintenance
16,008
18,305
30,395
30,395
19,849
14,850
Contractual/Professional Services
42,839
51,598
48,420
48,420
41,281
27,500
Capital
Building Inspector **
25,499
2,032
-1
1
2,834
3
1
TOTAL $ 443,753
$ 491,637
$ 613,774
$ 613,774
$ 473,399
$ 384,897 f
1
1
1
Administrative Assistant
1
1
1
1
This department previously included Code Enforcement, which has been budgeted separately for FY 2010.
;-
El
Capital
$700
i
Assistant to the Building Official
1
1
1
1
TOTAL
9
9 0
-3
6
6
* Position left vacant anticipating additional staffing required with Dispatch and
$600
** Position left vacant anticipating additional staffing required with Dispatch and
the position is not funded for FY10
* ** Position transferred to nelwv created Code Enforcement Dept (85)
� ��
���- ~- ...a_.......
Contractual/Professional
Services
$500
'iscal Year 2009 -2010
64
- -
Adopted Budget
Town Services &Maintenance $400
i f
-
$300
Materials &Supplies
$200
?
sloo
Personnel
$0 l
Thousands
FY 2007
FY 2008
FY 2009
FY 2009
FY 2009
FY 2010
ACTUAL
ACTUAL
ADOPTED...
AMENDED... PROJECTED ACTUAL
ADOPTED... .
PERSONNEL
ADDED OR
DEPARTMENT
s
FY 2008
FY 2009
REMOVED IN
REQUEST TO
FY 2010
POSITION TITLE
ADOPTED
ADOPTED
FY 2009
ADD /REMOVE
PROPOSED
ADOPTED
FULL TIME POSITIONS (FTE)
Plumbing Inspector *
2
2
-1
1
1
Building Official
1
1
1
1
Building Inspector **
2
2
-1
1
1
Code Enforcement Officer * **
1
1
1
Senior Building Inspector
1
1
1
1
Administrative Assistant
1
1
1
1
TEMPORARY POSITIONS
Assistant to the Building Official
1
1
1
1
TOTAL
9
9 0
-3
6
6
* Position left vacant anticipating additional staffing required with Dispatch and
the position is not funded for FY10
** Position left vacant anticipating additional staffing required with Dispatch and
the position is not funded for FY10
* ** Position transferred to nelwv created Code Enforcement Dept (85)
� ��
���- ~- ...a_.......
'iscal Year 2009 -2010
64
Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2007
ACTUAL
FY 2005
I ACTUAL
FY 2009
ADOPTED
BUDGET
FY 2009
AMENDED
BUDGET
FY 2009
PROJECTED
ACTUAL
FY 2010
ADOPTED
BUDGET
Personnel
58,550
Materials & Supplies
4,100
Town Services & Maintenance
9,900 -'
vContractual/Professional Services
59,060 j;
Capital
TOTAL $ - $ - $ - $ - $ $ 131,6101
* This department along with its budget and expenditures were included in the Inspections Department prior to FY 2010.
I Capital - -- —
$140 = �
Contractual/Professional $120
Services - -
$100 '
r Town Services & Maintenance l(
$80 ' r
Materials &Supplies
$60 -'
$40
Personnel $20
+/
$o
Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010
ACTUAL ACTUAL ADOPTED... AMENDED, , PROJECTED ACTUAL ADOPTED..
i; PERSONNEL
ADDED OR I DEPARTMENT
FY 2008 FY 2009 REMOVED IN REQUEST TO I FY 2010
POSITION TITLE ADOPTED I ADOPTED FY 2009 ADIVREMOVE PROPOSED ADOPTED
FULL TIME POSITIONS (FIE)
iCode Enforcement Officer 1 1 1
TOTAL 0 0 0 1 1 1
Position transferred from Inspections Dept (80) when Code Enforcement Department Created
Fiscal Year 2009 -2010 65 Adopted Budget
Cva V X191
CATEGORY
FY 2007
ACTUAL
FY 2008
I ACTUAL
I FY 2009
ADOPTED
BUDGET
FY 2009
AMENDED
BUDGET
FY 2009
PROJECTED
ACTUAL
FY 2010
ADOPTED
BUDGET
Personnel
76,504
154,510
202,648
202,648
209,684
138,800
Materials & Supplies
29,949
4,926
7,100
7,100
8,120
6,820
Town Services & Maintenance
3,863
4,503
13,932
13,932
7,340
7,750
Contractual/Professional Services
78,743
152,904
161,860
161,860
165,483
142,010
Capital
1,210
508
508
508
508
TOTAL
$ 190,269
$ 317,351
386,048
$ 386,048
$ 391,135
$ 295,380
i PERSONNEL
POSITION TITLE
FY 2008
ADOPTED
FY 2009
I ADOPTED
I ADDED OR
REMOVED IN
FY 2009
I DEPARTMENT
REQUEST TO
ADD/REMOVE
I PROPOSED
Capital
$400
Planning Tech I
$350
Aw.
Senior Planner 2
Contractual/Professional
$300
TOTAL 3
3 0
Services
$250
2
Position transferred to Parks Dept (60) to oversee
Park Operations
i Town Services & Maintenance
$200
$150
Materials & Suppli es
0
$100
Personnel
$50
$0
Thousands
FY 2007
FY 2008 FY 2009
FY 2009
FY 2009 FY 2010
ACTUAL
ACTUAL ADOPTED...
AMENDED...
PROJECTED ACTUAL ADOPTED_
i PERSONNEL
POSITION TITLE
FY 2008
ADOPTED
FY 2009
I ADOPTED
I ADDED OR
REMOVED IN
FY 2009
I DEPARTMENT
REQUEST TO
ADD/REMOVE
I PROPOSED
FY 2010
I ADOPTED
FULL TIME POSITIONS (FTE)
Planning Tech I
I
Senior Planner 2
2
TOTAL 3
3 0
.1
-2
2
Position transferred to Parks Dept (60) to oversee
Park Operations
Fiscal Year 2009-2010
66
Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2007
ACTUAL
FY 2008
ACTUAL
FY 2009
ADOPTED
BUDGET
FY 2009
AMENDED
BUDGET
FY 2009
PROJECTED
ACTUAL
FY 2010
ADOPTED
BUDGET
$120
I Town Services & Maintenance
$100
$80 '
r.
Materials & Supplies
Personnel
113,794
119,631
119,631
118,931
121,650
Materials & Supplies
489
2,850
2,850
938
1,450
Town Services & Maintenance
1,003
5,930
5,930
1,950
4,550;
a Contractual/Professional Services
27,011
47,515
47,515
15,921
5,790
4:
Capital
f
TOTAL
$ - $ 142,297 $ 175,926 $ 175,926 $ 137,740 $ 133,440
i
Capital
$180
$160 r;
Contractual/Professional
$140 Ji
Services
$120
I Town Services & Maintenance
$100
$80 '
r.
Materials & Supplies
$60 t'
$40 J
Personnel
$20
$0 4
Thousands FY 2007
ACTUAL
PERSONNEL
ADDED OR DEPARTMENT
FY 2008 FY 2009 REMOVED IN REQUEST TO FY 2010
POSITION TITLE ADOPTED ADOPTED FY 2009 ADD/REMOVE PROPOSED ADOPTED
FULL TIME POSITIONS (FTE)
Development Services Director 1 1 1 1
TEMPORARY POSITIONS
h:
CIP Project Manager * 1 1 1
TOTAL 1 2 0 0 2 2
* This position was added to assist with major capital projects and reports to the Development Services Director.
It is funded 100% in the Capital Projects Fund and is reported here only to illustrate the reporting relationship.
Fiscal Year 2009 -2010 67 Adopted Budget
-
a !
ti
FY 2008
FY 2009
FY 2009
FY 2009 FY 2010
ACTUAL
ADOPTED...
AMENDED...
PROJECTED ACTUAL ADOPTED...
t,
ADDED OR DEPARTMENT
FY 2008 FY 2009 REMOVED IN REQUEST TO FY 2010
POSITION TITLE ADOPTED ADOPTED FY 2009 ADD/REMOVE PROPOSED ADOPTED
FULL TIME POSITIONS (FTE)
Development Services Director 1 1 1 1
TEMPORARY POSITIONS
h:
CIP Project Manager * 1 1 1
TOTAL 1 2 0 0 2 2
* This position was added to assist with major capital projects and reports to the Development Services Director.
It is funded 100% in the Capital Projects Fund and is reported here only to illustrate the reporting relationship.
Fiscal Year 2009 -2010 67 Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2007
ACTUAL
FY 2008
ACTUAL
FY 2009
ADOPTED
BUDGET
FY 2009
AMENDED
BUDGET
FY 2009
PROJECTED
ACTUAL
FY 2010
ADOPTED
BUDGET
Personnel
481,841
451,837
545,729
545,729
557,927
581,320
Materials & Supplies
498,384
806,031
1,074,425
1,074,425
797,229
931,330
Town Services & Maintenance
575,331
457,855
583,775
583,775
401,660
536,768
Contractual/Professional
Services
437,166
1,140,906
1,355,530
1,355,530
1,559,504
1,759,900
70%^
m
_
23% 17/0
_
13%
17-/.'0%
,Capital
6
343,443
403,016
64,000
64,000
524,213
10,500
Bonds
V
0%
67,660
67,660
67,660
1,369,896
r Interfund Transfers
- -20% 12 %-
204,227
204,227
204,227
347,848
i
3
TOTAL
$ 2,336,165
$ 3,259,645
$ 3,895,346
$ 3,895,346
$ 4,112,420
$ 5,537,562
I
t
Interfund Transfers
$6,000
1
-
Bonds
$5,000 (
-98
-
Personnel Materials & Town Serv. &
Capital
Capital
Bonds Interfund
Total Change
Supp. Maint.
Pro. Services
Contractual/Profession
$4,000
_
FY07 Actual to FY08 Actual FY08
Actual to FY09 Projection
FY09 Projection to FY10 Budget
al Services
Town Services &
$3,000
Adopted Budget
a
Maintenance
$2,000
Materials & Supplies
r
j
$1,000
Personnel
i
f[
Thousands
FY 2007
FY 2008
FY 2009
FY 2009
FY 2009
FY 2010
ACTUAL
ACTUAL
ADOPTED...
AMENDED... PROJECTED ACTUAL
ADOPTED... f
INCREASE (DECREASE) IN EACH CATEGORY OVER TMIE
- - - - - - -
--
- --
- 1925% -
- -
2S0%
i
200% ='
161%
d
m
150%
100 %
62%
70%^
m
_
23% 17/0
_
13%
17-/.'0%
6
L
V
0%
- -20% 12 %-
-50% x
-100% i
-
-98
Personnel Materials & Town Serv. &
Contract./
Capital
Bonds Interfund
Total Change
Supp. Maint.
Pro. Services
Transfers
FY07 Actual to FY08 Actual FY08
Actual to FY09 Projection
FY09 Projection to FY10 Budget
scal Year 2009 -2010
68
Adopted Budget
Department
Mater
.Sewer
Utility Billing
,Revenue Total
Utility Billing
12.6%
FY 2010 Adopted
$
3,395,123
$
1,443,729
$
698,710
$
5,537,562
% of Total_
61.3%
26.1%
12.6%
100.0%
Sewer
26.1%
Water
61.3%
Fiscal Year 2009-2010 69 Adopted Budget
CATEGORY
FY 2007
ACTUAL
FY 2008
ACTUAL
FY 2009
ADOPTED
BUDGET
FY 2009
AMENDED
BUDGET
FY 2009
PROJECTED
ACTUAL
FY 2010
ADOPTED
BUDGET
Personnel
481,841
290,362
354,561
354,561
373,392
385,210
Materials & Supplies
498,384
790,117
1,015,925
1,015,925
781,728
870,800
Town Services & Maintenance
575,331
343,713
389,136
389,136
293,165
368,089
Contractual/Professional Services
437,166
425,524
133,200
133,200
82,302
176,560
Capital
343,443
403,016
12,000
12,000
518,078
1
Bonds
5
5_
67,660
67,660
67,660
1,369,896
Interfund Transfers
141,105
141,105
141,105
224,568
TOTAL
$ 2,336,165
$ 2,252,732
$ 2,113,587
$ 2.113.587
$ 2.257.430
3.395.123
Interfund Transfers -
$3,500
( .d
Bonds
$3,000
Capital $2,500 j
Contractual/Professional
$2,000
Services r
$1,500 /
Town Services &
Maintenance $1,000 aj Y-
Materials & Supplies !
$500
Personnel $0
Thousands FY 2007 FY 2000 FY 2009 FY 2009 FY 2009 FY 2010
ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED...
PERSONNEL
POSITION TITLE
FY PTE
ADOPTED
FY PTE
ADOPTED
I �FY 09 N
REQUEST TO
IDEPARTMENT1 D/REMOVE
PROPOSED
FY 2010
I ADOPTED
FULL TIME POSITIONS (FIE)
Public Works Director
1
1
1
1
Utility Crew Leader
1
1
1
1
Utility Worker
2
2
2
2
Water & Sewer Superintendent
1
1
1
1
TOTAL
5
5_
0
0
5
5
.___- - s
Fiscal Year 2009 -2010 70 Adopted Budget
APPROPRIATIONS
PERSONNEL
FULL TIME POSITIONS (FTE)
Utility Crew Leader
Utility Worker
TOTAL
ADDED OR
DEPARTMENT
FY 2008
FY 2009
FY 2009
FY 2009
FY 2009
FY 2010!
FY 2009
ADD/RF,MOVE
FY 2007
FY 2008
ADOPTED
AMENDED
1
PROJECTED
1
ADOPTED
CATEGORY
1
ACTUAL*
2
ACTUAL
BUDGET
BUDGET
ACTUAL
BUDGET i;
Personnel
90,844
109,318
109,318
107,000
114,585 1
{
p.
;Materials & Supplies
11,190
51,750
51,750
8,211
40,430'
i
:Town Services &Maintenance
112,071
186,562
186,562
106,790
163,254 gg:
'Contractual/Professional
Services
706,495
838,930
838,930
997,206
h
1,025,930
Capital
52,000
52,000
6,135
10,500
Bonds
[nterfund Transfers
38,412
38,412
38,412
89,030
TOTAL $
$
920,600
$ 1,276,972
$ 1,276,972
$ 1,263,754
$ 1,443,729
i'
This
department along with
its budget and expenditures were included in the Water Department until
FY 2008
6'
t
Interfund Transfers
-
- --
�i
- -- E
$1,600 i
Bonds
$1,400
Capital
$1,200
i
$1,000
-
1,
ContractuaMofes sio nal
$800
Services
Town Services &
Maintenance
$600 -
$400 1r
Materials & Supplies
would
$200
_ .
11
Personnel
$0
--
r
Thousands
FY 2007
FY 2008
FY 2009
FY 2009
FY 2009
FY 2010
ACTUAL'
ACTUAL
ADOPTED...
AMENDED... PROJECTED ACTUAL
ADOPTED
PERSONNEL
FULL TIME POSITIONS (FTE)
Utility Crew Leader
Utility Worker
TOTAL
FY 2010
1 1
1 1
2
Fiscal Year 2009 -2010 71 Adopted Budget
ADDED OR
DEPARTMENT
FY 2008
FY 2009
REMOVED IN
REQUEST TO
I
ADOPTED
ADOPTED
FY 2009
ADD/RF,MOVE
1
1
1
1
2
2
0
0
FY 2010
1 1
1 1
2
Fiscal Year 2009 -2010 71 Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2007
ACTUAL*
FY 2008
ACTUAL
FY 2009
ADOPTED
BUDGET
FY 2009
AMENDED
BUDGET
FY 2009
PROJECTED
ACTUAL
FY 2010
ADOPTED
BUDGET
Personnel
70,631
81,850
81,850
77,535
81,525
Materials & Supplies
4,724
6,750
6,750
7,290
20,100
Town Services & Maintenance
2,071
8,077
8,077
r'
-.
tti,
('
$700
1,705
5,425
Contractual/Professional Services
8,887
383,400
383,400
479,996
F
557,410
Capital
Contractual/Professional
$400
Bonds
Services
$300
k
lnterfund Transfers
24,710
24,710 24,710
34,250 j
I,
TOTAL $
- $ 86,313 $ 504,787
$ 504,787 $ 591,236
$ 698,710
* This department along with its budget and expenditures were included in the Water Department until FY 2008.
Interfund Transfers
-
- -- - -_
r'
-.
$700
Bonds
$600
r_Capital
$500 1
Contractual/Professional
$400
Services
$300
Town Services &
Maintenance
$200 = ;
Materials &Supplies
$100
-
5
v
Personnel
$0
�, #
Thousands FY 2007
FY 2008 FY 2009
FY 2009 FY 2009
FY 2010
ACTUAL'
ACTUAL ADOPTED...
AMENDED... PROJECTED ACTUAL
ADOPTED...
PERSONNEL
FY 2010
POSITION TITLE I A OPTED I ADOPTED I FY REMOVED 009 N I ADD/REMU E I PROPOSED I ADOPTED
FULL TIME POSITIONS (FTE)
Receptionist/Utilty Clerk * 0.75 0.75 0.75
Utility Billing Clerk 1 1 1
TOTAL 1.75 1.75 0.00 0.00 1.75
* Position serves both Administration and Utility Billing functions in Town Hall Front Office - Funded 25% in General Fund Administration
Fiscal Year 2009 -2010
0.75
1
1.75
Adopted Budget
APPROPRIATIONS
TOTAL $ 1
15
i
laterfund Transfers
! I-
FY 2009
ADOPTED
FY 2009
FY 2009
FY 2009
'y 2010
FULL TIME POSITIONS (FIE)
FY 2007
FY 2008
ADOPTED
AMENDED
I
PROJECTED I
At OPTED
D
1 CATEGORY
ACTUAL
ACTUAL
BUDGET
BUDGET
ACTUAL
BUDGET
$600
EDC Executive Assistant
I
Personnel
104,207
132,438
141,875
141,875
145,774
153,450
Materials & Supplies
1,653
8,691
8,700
8,700
3,438
7,400
Town Services & Maintenance
51,370
82,477
63,600
63,600
29,290
50,100
ContractuaVProfessional Services
16,413
47,412
72,100
72,100
52,122
63,300
Capital
$300
$200
435,816
50,000
50,000
50,000
i Bonds
Interfund Transfers
$100
540
540
540
540
TOTAL $ 1
15
i
laterfund Transfers
! I-
FY 2009
ADOPTED
1 ADDED
REMOVED IN
FY 2009
DEPARTMENT
REQUEST TO
ADD/REMOVE
1 PROPOSED
FY 2010
ADOPTED
FULL TIME POSITIONS (FIE)
$800
EDC Executive Director
Bonds
$700
PART TIME POSITIONS
$600
EDC Executive Assistant
I
Capital
TOTAL
2
2
0
0 2
$500
ContractuaVProfessional
$400
Services
Town Services &
Maintenance
$300
$200
Masi
WNW
Materials & Supplies
$100
Personnel
$0
Thousands
FY 2007
FY 2008
FY 2009
FY 2009
FY 2009 FY 2010
ACTUAL
ACTUAL
ADOPTED.
AMENDED—
PROJECTED ACTUAL ADOPTED
NWW��
POSITION TITLE
FY 2008
ADOPTED
FY 2009
ADOPTED
1 ADDED
REMOVED IN
FY 2009
DEPARTMENT
REQUEST TO
ADD/REMOVE
1 PROPOSED
FY 2010
ADOPTED
FULL TIME POSITIONS (FIE)
EDC Executive Director
I
PART TIME POSITIONS
EDC Executive Assistant
I
TOTAL
2
2
0
0 2
2
Fiscal Year 2009-2010 73 Adopted Budget
Cf. R 42
This page was intentionally left blank.
Fiscal Year 2009 -2010 74
Adopted Budget
P;LFOWN OF
-F (
SPER
Prosper is a place where everyone matters.
L
L
Charter Provisions on Financial Administration
Outstanding Debt Schedule
Notice of Effective Tax Rate
jj
Ordinance Approving Budget
Ordinance Approving Tax Rate
Ordinance Revising Water and Sewer Rates
Glossary
"Building community
FISCAL YEAR 2009-2oiio ADOPTED BUDGET
ARTICLE VII
Financial Procedures
SECTION 7.01 Fiscal Year
The fiscal year of the Town shall begin on the first day of October and end on the last dap of
September on the next succeeding }ear. Such fiscal year shall also constitute the budget and
accounting) car.
SECTION 7.02 Submission of Budget and Budget Message
On or before the fifteenth (15`1') day of August of the fiscal year. the Town it9anager shall submit to
the Toxvn Council a budget tin• the ensuing fiscal year and an accompam ing budget nnessage.
SECTION 7.03 Budget Message
The Town Manager's message shall explain the budget both in fiscal terns and in teens of the work-
programs. It shall outline the proposed financial policies of the To-,,,7n for the ensuing fiscal year.
describe the important features of the budget. indicate any major changes from the current year in
financial policies. expenditures. and revenues together with the reasons for such changes_
summarize the ToNA ni s debt position and include such other material as the Town Mana;,er deems
desirable.
SECTION 7.04 Budget a Public Record
The budget and all supporting schedules shall be filed \kith the person performing the duties of
Town Secretary ),then submitted to the Town Council and shall be open to public inspection bp'
anyone interested.
SECTION 7.0i Public Hearing on Budget
At the Town Council meeting When the budget is submitted_ the T'o\\n Council shall name the date
and place of a public hearing and shall have published in the official ne\Nspaper of the Town- at
least mice. the time and place. v hick will be not less than ten (10) days nor more than thirty (30)
days after the date of notice. At this hearing. interested citizens may express their opinions
concerning items of expenditures. giving their reasons for wishing to increase or decrease any
items of'expense.
SECTION 7.06 Proceeding on Adoption of Budget
After public hearing. the Town Council shall analyze the budget. making any additions or deleti
which they feel appropriate. and shall. at least ten (10) days prior to the beginning of the next fi
year, adopt the budget by the affirmative `ote of a majority of the full membership of the T(
Council. Should the ToNNii Council take no final action on or prior to such day.. the current bu(
shall be in force on a month -to -month basis until a new budget is adopted.
SECTION 7.07 Budget, Appropriation and Amount to be Raised by Taxation
On final adoption the budget shall be in efTect for the budget year. Final adoption of the budge
the Town Council shall constitute the official appropriations as proposed by expenditures for
current pear and shall constitute the basis ol'official levy of the property tax as the amount of to
be assessed and collected for the corresponding tax year. Estimated expenditures will in no (
Fiscal Year 2009 -2010 77
Adopted Budget
exceed proposed revenue plus the undesignated fluid balance from the previous fiscal year. Unused
appropriations may be transferred to an3 item required for the same general purpose.
SECTION 7.08 Contingent Appropriation
Provision shall be made in the annual budget and in the appropriation ordinance for a contingent
appropriation in an amount not less than ten percent (10 %) of the total general fund expenditures,
to he used in case of unforeseen items of expenditures. This contingent appropriation shall apply to
current operating expenses and shall not include anN amount of reserves maintained by the Town.
Such contingent appropriation shall be tinder the control of the Torn tManager and distributed by
him or her only after prior appro\al by the ToN \n Council. The proceeds of the contingent
appropriation shall be disbursed only by tntnsier to other departmental appropriation, the spending
of \vhich shall be charged to the departments or activities for which the appropriations are made.
SECTION 7.09 Amending the Budget
Under conditions which ntay arise and which could not reasonably have been foreseen in the
normal process of planning the budget. the Town Council may, by the affirmative vote of a
majority of the full membership of the Town Council. attend or change the budget to provide for
any additional expense in which the general \Nelfare of the citizenry is involved. These amendments
shall be by ordinance. and shall become an attachment to the original budget.
SECTION 7.10 Certification; Copies Made Available
A copy of the budget. as finally adopted. shall be filed with the person performing the duties of'
Town Secretary and such other places required by state law or as the ToN,\m Council shall designate.
The final budget shall be printed or other-v3ise reproduced and sufficient copies shall be made
available for the use of' all offices. agencies. and for the use of interested persons and civic
organisations.
SECTION 7.11 Capital Program
The Torn Manager shall submit a five -year (5 -year) capital prognam as in attachment to the annual
budget. The program as submitted shall include:
(1) A clear general suniniany of its contents:
(2) A list of all capital improvements \Nhich are proposed to be undertaken during the
five (5) fiscal Nears succeeding the budget year. Aith appropriate supporting
information as to the necessity for such improvements:
(3) Cost estimates_ method of financing. and recommended time schedules for each
improvement: and
(4) The estimated annual cost of operating and maintaining the facilities to be
constructed or acquired.
The above information may be revised and extended each year with regard to capital improvements
still pending or in process of construction or acquisition.
SECTION 7.12 Defect Shall Not Invalidate the Tax Levy
hr ors or defects in the form or preparation of the budget or the failure to perform any procedural
requirements shall not nullify the tax levy or the tax rate.
Fiscal Year 2009 -2010
78
Adopted Budget
SECTION 7.13 Lapse of Appropriations
EverN appropriation. except an appropriation for a capital expenditure. shall lapse at the close of the
fiscal year to the extent that it has not been expended or encumbered. An appropriation for a capital
expenditure shall continue in force until the purpose for which it Nvas made had been accomplished
or abandoned. The purpose of any such appropriation shall be deemed abandoned if -three (3) years
pass without any disbursement from or encumbrance of the appropriation. Any funds not expended.
disbursed or encumbered shall be deemed excess funds.
SECTION 7.14 Borrovvinl;
The Town shall have the power to borrow mone} on the credit of the To\N71 and to issue or incur
bonds and other evidences of indebtedness to finance public improvements or for any other public
purpose not prohibited by the Constitution and the laws of the State of Texas and to issue refunding
bonds to refund outstanding bonds and other evidences of indebtedness of the Town previously
issued.
All such bonds and other evidences of indebtedness shall be issued in conformity N�ith the laws of
the State of Texas and may be secured by or paid. in \\hole or in part. from ad valorem tax
revenues. revenues derived from other taxing powers of the Town. revenues derived by the Town
from any fee or service chary =e. including revenues derived from the operations of any public
utilities. utility systems. recreational facilities or any other municipal function to the extent not
prohibited by the Constitution and laws of the State of Texas- Such bonds or evidences of
indebtedness may be a charge upon and payable from the properties. or interest therein pledged, or
the income therefrom. or both to the extent not prohibited by the Constitution or laws of the State
of Texas. The proceeds of bonds or other evidences of indebtedness issued or incurred by the Town
shall he used only for the purpose for which the bonds or other indebtedness was issued or
incurred.
SECTION 7.15 Purchasing
(1) The Town Council may by ordinance_ give the Town Manager general authority to
contact for expenditure without further approval of the Town Council Jbi. Lill
bud;Teted items not exceeding limits set by the Town Council within the ordinance.
(2) All contracts for expenditures or purchases involving more than dte limits must be
expressly approved in advance by the Town Council. All contracts or purchases
invoking more than the limits set by the Town Council shall be awarded by the
Town Council in accordance with state law.
(3) Emergency contracts as authorized by lacy and this Charter may be negotiated by the
Town Council or Town Manager if given authority by the Town Council. without
competitive bidding. and in accordance with state la\ . Such eniergenc\ may be
declared by the To\\ n Manager and approved by the Town Council or declared by
the ToNAn Council.
SECTION 7.16 Administration of Budget
(1) No payment shall be made or obligation incurred against any allotment or
appropriafion except in accordance with appropriations duly made. unless the Town
Manager. or the Town Manager's designee. first certifies that there is a sufficient
unencumbered balance in such allotment or appropriation and that sufficient funds
Fiscal Year 2009 -2010 79 Adopted Budget
thereliocn are or will be available to cover the claim or meet the obligation when it
becomes due and payable.
(2) Any authorization of payment or incurring of' obligation in violation of the
provisions of this Charter shall be void and any payment so made illegal. Such
action shall be cause for remoN al of any oil icer who knowingly authorized or made
such payment or incurred such payment or obligation. and the officer shall also be
liable to the Town for an \• amount so paid.
(3) This prohibition shall not be construed to prevent the making or authorizing of
payments. or making of contracts for capital improvements to be financed wholly or
partly by the pledge of taxes. the issuance of bonds. time warrants. certificates of
indebtedness. or certificates of oblioation. or to prevent the making of any contract
or lease providing for payments beyond the end of the fiscal year. providing that
such action is made or approved by ordinance.
(4) The Tow it Manager shall submit to the Town Council each month a report co,, Bring
the revenues and expenditures of the Town in such lbrm as requested b\ the Town
Council.
SECTION 7.17 Depository
All monies received by any person. department or agency of the Town for or in connection with the
affairs of the Town shall be deposited promptly in the Town depository or depositories. The Town
depositories shall be designated by the Town Council in accordance with such re- =ulations and
subject to the requirements as to security for deposits and interest thereon as may be established by
ordinance and law. Procedures for withdrawal of money or the disbursement of funds 1 om the
Town depositories shall be prescribed by ordinance.
SECTION 7.18 Independent Audit
At the close of each fiscal year. ail(] at such other times as may be deemed necessary. the Town
Council shall call fbi- an independent audit to be male of all accounts of the Town by a certified
public accountant. No more than five (5) consecutive annual audits shall be completed by the same
line. The certified public accountant selected shall have no personal interest, directly or indirectly.
in the financial affairs of the Town or any of' its officers. The report of audit_ with the auditor's
recommendations will be made to the Town Council. Upon completion of the audit. the summar\
shall be published immediately in the official newspaper of the Town and copies of the audit placed
on file in the office of the person perfomling the duties of Town Secretary, as a public record.
SECTION 7.19 Power to Tax
(1) The Town shall have the power to levy, assess and collect taxes of every character
and type for any municipal
al purpose not prohibited by the Constitution and laws o
the State of Texas as now written or hereafter amended.
(2) The Town shall have the power to grant tax exemptions in accordance w ith the laws
of the State of Texas.
SECTION 7.20 Office of Tax Collector
There shall be an ollice of taxation to collect taxes. the head of which shall
Collector. The Tow n Council may contract for such services.
i
i
k
s
6
t
[r
i.
Fiscal Year 2009 -2010 80 Adopted Budget
SECTION 7.21 Taxes; When Due and Payable
(1) All taxes due in the Town shall be payable at the office of the To« n Tax Collector.
or at such location or locations as may be designated by the Town Council_ and may
be paid at any time aller the tax rolls for the year have been completed and
approved. Taxes for each year shall be paid before February I of the nest
succeeding vear. and all such taxes not paid prior to that date shall be deemed
delinquent, and shall be subject to penalty and interest as the Town Council shall
provide by ordinance. The To\\n Council may provide discounts for the payment of`
taxes prior to January I in amount not to exceed those authorized by the law =s of the
State of Texas.
(21 Failure to levv and assess taxes tln-ou-h omission in preparing the appraisal rolls
shall not relieve the person, firm or corporation so omitted from obligation to pay
such current or past due taxes as shown to be pay able by recheck of the rolls and
receipts for the years in question, omitting penalty and interest.
SECTION 7.22 Tax Liens, Liabilities and Suits
(I) All taxable property located in the Town on .January I of each Near shall stand
charged from that date with a special lien in favor of the Town for the taxes due. All
persons purchasing any such property on or after .January I in any year shall take the
property subject to the liens provided above. In addition to the liens herein provided.
on .January 1 of' any year, the owner of property subject to taxation by the Town
shall be personally liable for the taxes due for that year.
(2) The Town shall have the power to sue for and recover personal judgment for taxes
without foreclosure. or to foreclose its lien or liens. or to recover both personal
Judgment and foreclosure. In any such suit \\•here it appears that the description of
any properly in the Town appraisal rolls is insufficient to identily such property. the
Town shall have the right to plead a good description of'the property to be assessed.
to prove the same. and to have its judgment foreclosing the tax lien or tier personal
judgment against the owners for such taxes.
Fiscal Year 2009 -2010 81 Adopted Budget
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Town of Prosper, Texas
Summary of Outstanding Debt
Current % debt position
Total Tax
Supported
Debt Sery
Total Tax
Supported
W!S
Supported
Year
1005:
0'.:
100:1
0�
Total
Ending
Series 1996
Series 1998
Series 2001
Series 2004
Series 2006
Series 2008
Debt Service
Debt Sery
Debt Sery
9130
Total
Total
Total
Total
Total
Total
Total
K,,,
60'
1997
$ 67,103.DC
40%
60%
40%
60%
40%
S "07,103.00
S 67,103.00':
60%
1998
67.185.00
40%
61%
I
61%
39%
87.185.00
67,185.00
62%
1999
71.085 00
S 32 197 36
62%
38%
62%
38%
103,282 36
103,282 36 1
-
2000
69.816.00
38.03250
9D%
10%
90%
10%
123,8 t 1.61
107,8 »0.50 (
S 15.963.31
2001
66,510.00
62,865.00
148.769.52,
131,375.00:
17,414.52
2002
72.037.50
61,830.00
S 104.639.79
255.921_61
203.976.16
51,945.65
2003
70.402.50
65,765.00
174,152.50
327,73452
252,849.68
74,881.85
2004
88.737.50
64.505.00
201.1)02 50
�
I
477.225.63
393.282.29 1
83,(-U3,35
2005
71,900.00
63.21UG
202,77750
$ 675,880.00
1,156.9D4.22,
1.072.57313
84,331.10
2006
69.88250
i 61.897.50
203.740.00
439.200.00
!
917.735.08
833.213.15
8»,52193
2007
72,692.50
j 65.550.00
20s. »90.00
593.200.00
i 5 705,285.00
;
1,767.939.57
1,700,457.37 !
67.481.70
2008
70 312 50
i 63.990 00
205 027 50
838,000 00
682.210.000
;
1,934.606 60'
1,866,947 53
67 659.08
2009
72.740 00)
611,410 01)
200,352 50
I 871.800.00
i 914,772.50
!
2,122.075.00 j
2,055.958 681
66.116 33
2011)
74.8 17 �r
65 -D^ "T
r ; ",0 __ 5^
,rl0�
047 ..
S 28„ `nc
i ?,•.. _28 I
2,:91 3341»
36? cq4 1,9
2011
71,705.00
63,922.50
200,905.00
869.600.00
947,372.50
1,197,450.00
3,350,955.00
1,997,498.15
1,353,466.85
2012
73,410.00
67.010.00
200,925.00
870,000.00
946,760.00
1,199,612.50
3,357,717.50
1,999,315.80
1,358,401.70
2013
74,772.50
64,835.00
205,612.50
869,600.00
945,297.50
1,194,906.25
3,355,023.75
1.997,366.80
1.357,656.95
2014
75,787.50
62,635.00
204,740.00
868,400.00
947,965.00
1,198,125.00
3,357,672.50
2,000,513.10
1,357,159.40
2015
71,611.25
65,410.00
203,440.00
866,400.00
944,610,00
1,198.943.75
3,350,415.00
1,997,998.98
1.352,416.03
2016
72,257.50
62,935.00
206,770.00
868,600.00
945,385.00
1,197,237.50
3,353,185.00
1,999,902.45
1,353,282.55
2017
65,460.00
209,485.00
869,056.26
945,097.50
1,198,487.50
3,287,586.26
2,002,881.88
1,284,704.38
2018
62,730.00
206,565.00
867,706.26
945,297.50
1.198,237.50
3.280,536.26
2,000,283.48
1,280,252.78
2019
208,320.00
865,293.76
948,691.26
1,195,675.00
3,217,980.02
1,999,865.33
1,218,114.69
2020
209,500.00
866,818.76
945,341.26
1,199,637.50
3,221,297.52
2,003,193.68
1,218,103.84
2021
210,000,00
867,068.76
945,591.26
1,195,725.00
3,218,385.02
2,000,222.43
1,218,162.59
2022
871,043.76
944,201.26
1,198,650.00
3,013,895.02
1,862,998.23
1.150.896.79
2023
872,575.00
945,951.26
1,198,081.25
3,016,607.51
1,863,908.23
1,152,699.28
2024
872,578.00
946.170.00
1.194,925.00
3,013,670.00
1,861,172.60
1.152,497.40
2025
944,650.00
1,197,750.00
2,142,400.00
1,531,407.00
610,993.00
2026
945,725.00
1,196,200.00
2,141,925.00
1,530,528.00
611,397.00
2027
1,196,200.00
1,196,200.00
1,076,580.00
119,620.00
2028
1,197,450.00
1,197, 450.00
1,077,705.00
119.745.00
2029
1,194,800.00
1,194,800.00
1,075,320.00
119,480.00
Totals
$ 1,426,770
$ 1,222,980
$ 3,963,722
$ 16,457,418
$ 18,383,829
$ 24,037,302
5 66,189,244
$ 44816048
$ 21,373,196
Remain
$ 514 361
$ 580,728
$ 2,466,940
$ 13,038,338
$ 16,081,261
$ 24,037,302
$ 56,718,929
$ 35:959:99611$
20,758,934
Current % debt position
Total Tax
Supported
Debt Sery
W1S
Supported
Debt Sery
1005:
0'.:
100:1
0�
875=
13'-,
II
38 ", I
Its, i
807,
II
ZO` -J II
77?;
23 °G Ij
93`
96,2
97',.
31,.:
970m
K,,,
60'
400•
60%
40%
60%
40%
60%
40%
60%
40%
60%
40%
60%
40%
61%
39%
61%
39%
62%
38%
62%
38%
62%
38%
62%
38%
62%
38%
62%
38%
71%
29%
71%
29%
9D%
10%
90%
10%
90%
10%
68%
32%
63%
37%
2009 PropertN Tax Rates in Town of Prosper
Thi; uAice ccuiein� y.o.-�perr- ri. s.wc• fc•, Tc,ii of Prc-.,pT. D
1_1c' c]A zrif i n, ;'z' t;)'i rate 1: I ht a C n
r-117 rlX' 1i.;Ilz "Ia l ll'cd to Jtt':I!ajle ta !-,-t T11:- t_-:hs
ef�tc-':ve "I:' 1 it: -'raf I- you
C,-,! I Y '-'_ t l%_-III_a':k I-i:. 'we i> the
I, I r,i rite dhe 2 (:Iiir C -'&tT "ef" I I:E,:. cTS Utll M11 1 AY- '1'&
1:-I C�Cedtll es In e-1:L C', -t alc fotlIIJI b d:.• villig Ibe tom] 3111C�trIT
cif the I-t% I)--I:e (ill-
la" -:Ij- I;Ies lie _ ;vt S1000f
v
La - r vem 's tax rate:
-•47.21 o 4
J'S
f2_914,21
L-i, i del. i e
0_'8("-(A4 S: Oil
".e -,Ys rot, I rcis
T ve --
- '. 5 S T'v. _'i -e
'
ve.--j'stot'll
0 5'1�-ITIJ �'*Orl
Thi -vt-,m 's tffPc(IvE- rax raft:
0--55'272 S: 0"I
L -I
4_4`Q_074
Tljs cru's ad-i v Icd
7-11i'_ r'u- 5 efftctr e 1:1% 1:•1e
0- x'23544
Thi N-cat's rollbac k•: %il rare:
4:
lo -t :dj)
C tie
=au
-•47.21 o 4
I)-: _, ?.J's effe'ct:�'e f -,I.!
0352449
1 1.08 = this vear's Maximilm Opel arilla I are
0_'8("-(A4 S: Oil
h:
0
t-r.. '11.1j!j fintur f v'r
0 J.; 5 E ol I
1,011, "'id: to ::
0--55'272 S: 0"I
Page I of 2
Fiscal Year 2009-2010 83 Adopted Budget
5tmemeut of
1? 1015.71 cj-'Prl',4pty Jolit- a 2,000 Ix rate eq,,L-,d io the effecti-,-e
t; S 31 3 2 -64
9
-',chedule A - Unencumbered Fuijd Balance,
71t fi--,Il CL J)tblices ill be le3 in the -,mii -- poprrt.- m.-.
nccoulll- qr Ilit eIlld of 111e fi-. c'-f! —111tc't M e 110
L5:
Type of Properm• Tax Fund Balance
Schedule B - 2WIQ Debt Senic e
The nur :,hlr ic ':•i •'flit m jo,(w fbi. dtbl, rh.-If ac
-
sec-, ijed b i t es These m)- -c, -111; Albtpi. df
S."Jes tx,
$507- 771 i
Plilicip'll vi II rrrt-t t,' bc
Coutla, t pavin,ul Paid E, um Olbf:,
Ile-..lip 'i;.L IC lie F:Jd it I Propt; r- AmruLi-. Taal
A
of D 0) 9 ?zc.peyt7, T,.Yt.,, Tam,s to be Paid la5 111-ut
CO
S41 o
CO
'41
CO
.400
1,-,;1.0-, S
2' CO
5,4 lo
74J0 t,J
2: CO 2.1
,I CIO
Toll F i• iijed f, 21 19 Del Sem--e
V-3.4514- S'-, 9
h tr3 Li -ditiInI A
DiA t... be p:ii.) L, ;c5 aj 21"r-1)
n1lect ,rJ- - 1"0.1 '01 of v - 1 2005
T,Dt,.l Debi Dn-,-
Schedide C - Expected Revenue fj rom Additioual Sales Tax
11) C',J],Jjl J.JJC :I- eftC17-4 t -'jid Toll' -'.,n k ix, mret, the unil t:rimnitd 0--irtt
fecei., & S. � �7-2` LI s1ts,11111 li-e Iz-,% revemit,
This noi.,cecojir-i:ji a trad
cahuhlirn.�- Ycu ctj, coij-, cnIC tilt ficri- -1231,1)
Blci-I',n-d,,d,� F�oii. 22456. MrXinntyl Te,:-i- T7rf7l
gull? O-f F17f, "'11 pi ep-iibig t1ii; norice: Kermelli L Lmii
Date Pre-�xued, jul-, 27- :00�
Page 2 of 2
I.
Fiscal Year 2009-2010 84 Adopted Budget
;IO
WN OF
SPER
ORDINANCE NO. 09 -110
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS ADOPTING A BUDGET AND
APPROPRIATING RESOURCES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2009
AND ENDING SEPTEMBER 30, 2010, IN ACCORDANCE WITH EXISTING STATUTORY
REQUIREMENTS; 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, pursuant to the laws of the State of Texas, the Town Manager of the Town of
Prosper has submitted to the Mayor and Town Council a proposed budget of the revenues and
appropriations for conducting the affairs of Prosper and providing a complete financial plan for Fiscal
Year 2009 -2010: and has filed the same with the Town Secretary (the "budget "): and
WHEREAS, following public notice duly posted and published as required by the law, two public
hearings the first on August 25, 2009 and the second on September 3, 2009 -were held by the Town
Council at which time said budget was fully considered, and interested taxpayers were given the
opportunity to be heard by the Town Council; and
WHEREAS, the Town Council has studied the budget and listened to the comments of the
taxpayers at the public hearing and has investigated and determined that adoption of the budget is in the
best interest of the Town; and
WHEREAS, the Town Council finds that all legal notices, hearings, procedures and publishing
requirements for the adoption of the budget have been performed or completed in the manner and form
set forth by law.
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: Ad <Ttion of Budget. We the Mayor and Town Council for the Town of Prosper
do hereby approve, ratify, and adopt for fiscal year beginning October 1, 2009 and ending September 30,
2010 the Budget as filed and submitted by the Town Manager and adjusted by Town Council, containing
estimates of resources and revenues for the year from various sources, and the projects, operations,
activities, and purchases proposed along with the costs thereof, and estimated amounts of all other
proposed expenditures, is hereby approved and adopted.
Page t of 2
Fiscal Year 2009 -2010 85 Adopted Budget
SECTION 3: Appropriation of Funds. The stuns below are hereby appropriated from the
respective funds for the payment of expenditures on behalf of Prosper as established in the approved
budget:
General Fund
$ 6,397,346
Water & Sewer Fund_
Interest & Sinking Fund
$ 5,544,752
$ 2,081,335
Internal Service Fund
$
50,000
Storm Drainage Utility Fund
$
60,000
Parks and Recreation Fund
$
611,000
Impact Fees Fund
$
250,000
Special Revenue- Donation Fund
$
_
60,000
_ _
Capital Projects Fund
$
96,885
Economic Development Corporation
$
324,790
SECTTON 4: Authority ofTown Manager. 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; and, to transfer appropriations from designated appropriations to
any individual department or activity.
SECTION 5: Savings/ Repeating Clause. All provisions of any ordinance in conflict with this
Ordinance are hereby repealed; but such repeat 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 6: 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 7: Effcctive Date. This r dinance shall become effective from and after its as ."
and publication as required by law.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TONA
PROSPER, TEXAS ON THIS 8 'h DAY OF SEPTEMBER, 2009 AT A MEETING WHICH WAS
IN STRICT ACCORDANCE WITH THE TEXAS OPEN MEETING ACT.
L'C1-1AA9S NIIJVANGER, Mayor
ATT O: 0` °qq�1 or- PRO', ..,
o�po. :�3
d
m o
ATTHEW D. DENTON, �TRMC
own Secretary
Date o Pub [ icatron % '� `_ !`ts i s qtq
Page 2 of 2
Fiscal Year 2009 -2010 86
Adopted Budget
TOWN OF
)SPE
ORDINANCE NO. 09 -111
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS LEVYING TAXES FOR FISCAL
YEAR BEGINNING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010 AT THE RATE
OF $0.52 PER ONE HUNDRED DOLLARS ($100.00) ASSESSED VALUE ON ALL TAXABLE
PROPERTY WITHIN THE CORPORATE LIMITS OF THE TOWN OF PROSPER, TEXAS IN
ACCORDANCE WITH EXISTING STATUTORY REQUIREMENTS AND PROVIDING FOR
THE PUBLICATION OF THE CAPTION HEREOF ON THE TOWN'S HOME PAGE OF ITS
WEBSITE.
WHEREAS, the Town Council of the Town of Prosper, Texas (hereinafter referred to as the
"Town ") hereby finds that the tax for the fiscal year beginning October 1, 2009, and ending September
30, 2010, hereinafter levied for current expenditures of the Town and the general improvements of the
Town and its property must be levied to provide revenue requirements for the budget for the ensuing year;
and
WHEREAS, the Town Council has approved, by separate ordinance to be adopted on the 8h day
of September, 2009, the budget for the fiscal year beginning October 1, 2009 and ending September 30,
2010; and
WHEREAS, all statutory- and constitutional requirements concerning the levying and
assessing of ad valorem taxes have been complied with.
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 Tax Rate. We the Town Council of the Town of Prosper do hereby
levy or adopt the tax rate of $0.52000 per $100 valuation for the Town for tax year 2009 -2010 as follows:
$0.314084 for the purpose of maintenance and operation and
$0.205916 for payment of principal and interest on debt service.
This Tax Rate Is Less Than The Effective Tax Rate. The Total Tax Rate
Will Effectively Be Lowered By 0.68 %. Taxes For Maintenance And
Operations Will Be Effectively Lowered By 10.89 %.
SECTION 3: Place of Payment/Collection. The Tax Assessor - Collector for Collin County is
hereby authorized to assess and collect the taxes of the Town of Prosper in accordance with this
Page i of 2
Fiscal Year 2009 -2010 87 Adopted Budget
ordinance. The Town shall have all rights and remedies provided by the law for the enforcement of the
collection of taxes levied under this ordinance.
SECTION 4: 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 5: 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 6: SECTION 7: 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 8 °i DAY OF SEPTEMBER, 2009 AT A MEETING WHICH WAS HELD
IN STRICT ACCORDANCE WITH THE TEXAS OPEN MEETING ACT.
NISWANGER, .yer-
0 ®`��1411►1N►9oP°
ATT .: a® � �F ..... °eB
a m
M 7THEW D. DEN1 "ON, T o
own Secretary v
® ,
s6 ` .......... ®`a
lJate n Pub(icatian l
Page 2 of 2
Fiscal Year 2009 -2010 88 Adopted Budget
TOWN OF PROSPER, TEXAS
ORDINANCE NO. 09-051
AN ORDINANCE OF THE TOWN OF THE PROSPER, TEXAS; AMENDING
ORDINANCE NOS. 02 -33, 03 -48 AND 05-72, COMPREHENSIVE FEE
SCHEDULE, SECTION 11 (WATER AND WASTEWATER RATES), EXHIBIT
"B"; PROVIDING FOR A PENALTY FOR THE VIOLATION OF THIS
ORDINANCE; PROVIDING FOR SAVINGS, REPEALING AND
SEVERABILITY CLAUSES; PROVIDING FOR AN EFFECTIVE DATE; AND
PROVIDING FOR THE PUBLICATION OF THE CAPTION HEREOF.
WHEREAS, the Town Council of the Town of Prosper, Texas ( "Town Council ") has
investigated and determined that it would be advantageous and beneficial to the citizens of the Town of
Prosper, Texas ( "Prosper") to amend Ordinance Nos. 02 -33, 03 -48 and 05 -72, Comprehensive Fee
Schedule, Section 11 (Water and Wastewater Rates), Exhibit "B ", to amend water and wastewater rates;
and
WHEREAS, the Town Council has investigated and determined that it would be advantageous
and beneficial to the citizens of Prosper to amend water and wastewater rates as set forth below.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN
OF PROSPER, TEXAS:
SECTION 1: Findings. The findings set forth above are incorporated into the body of this
Ordinance as if fully set forth herein.
SECTION 2: Amendment to Ordinance Nos 02 -33 03-48 and 05 -72 Comprehensive Fee
Schedule, Section I I (Water and Wastewater Rates). Exhibit `B ". Ordinance Nos. 02 -33, 0348 and 05-
72 Comprehensive Fee Schedule, Section 11 (Water and Wastewater Rates), Exhibit "B" is hereby
amended and replaced with the Exhibit `B" attached hereto and incorporated herein for all purposes
which modifies the water and wastewater rates as set forth therein.
SECTION 3: Penalty Provision. Any person, firm, corporation or business entity violating this
Ordinance or Ordinance Nos. 02 -33, 03-48 and 05 -72 shall be deemed guilty of a misdemeanor, and upon
conviction thereof shall be fined a sum not exceeding Five Hundred Dollars ($500.00). Each occurrence
in violation of this Ordinance shall constitute a separate and distinct offense. The penal provisions
imposed under this Ordinance shall not preclude Prosper from filing suit to enjoin the violation nor shall
it preclude Prosper from taking such other lawful action as is necessary to prevent or remedy any
violation. Prosper retains all legal rights and remedies available to it pursuant to local, state and federal
law.
SECTION 4: Savings/Repealing Clause. Ordinance Nos. 02 -33, 03-48 and 05 -72 shall remain in
full force and effect except as amended by this or any other ordinance. All provisions of any ordinance
in conflict with this Ordinance are hereby repealed to the extent they are in conflict; but such repeal shall
not abate any pending prosecution for violation of the repealed ordinance, nor shall the repeal prevent a
prosecution from being commenced for any violation if occurring prior to the repeal of the ordinance.
Any remaining portions of said ordinances shall remain in full force and effect.
SECTION 5: Severabilitv. 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.
Fee Schedule Ordinance (Amend Nos. 02-33, 03 -48 and 05- 72— Exhibit B)
402696.1
Fiscal Year 2009 -2010 89 Adopted Budget
Prosper hereby declares that it would have passed this Ordinance, and each section, subsection, clause or
phrase thereof irrespective of the fact that any one or more sections, subsections, sentences, clauses and
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 24h DAY OF MARCH, 2009.
CHARLES NISW R, Mayor
ATTEST
T
A TH W D. DEQNTON. TRMC
Town Secretary
DATE OF PUBLICATION -?0/ Dallas Morning News — Collin
County Edition
%
Fee Schedule Ordinance (Amend Nos. 02-33,0348 and 05-72 —Exhibit B)
402696-1
Fiscal Year 2009-2010 90
Adopted Budget
Exhibit "B"
"Town of Prosper Water and Wastewater Rates
Effective May 2009
Senior citizen account holders who qualify are entitled to receive the first two thousand (2,000) gallons included as
part of the minimum bill for indoor residential accounts. To be eligible, the customer must be the listed account
holder age sixty-five (65) or older, complete an application for the discount, provide proof of age on a valid United
States or State ID and not be receiving the senior citizen discount on any other Town of Prosper account.
Late payment penalties shall be waived for any account holder, on that customer's residential utility bill, upon
request and presentation of adequate proof that the customer is either
• at least age sixty -five (65) and the recipient o €social security or other bona fide retirement benefits
OR
• is totally disabled_
Out of Town rates are the same as In Town rates for water and wastewater.
Fee Schedule Ordinance (Amend Nos. 02-33, 03-48 and 05-72 — Exhibit B)
442696 -1
Fiscal Year 2009 -2010 91 Adopted Budget
Residential Water Service Rates
Residential Wastewater Service Rates
Meter Size
Minimum Service
Charge
All Residential Accounts
Minimum Service
Charge
3/4" or Smaller
$ 10.62
Volumetric Ch ��-
$ 16.38
P,
$ 17.71
_p
Rate per 1,400 Gallons
1 %a"
$ 35.41
2" _ -
Volumetric Charges
$ 56.66
Rate er 1 400 Gallons
All $ 2.55
.._ _
Winter Avera in
0 — 15,000 Gallons
$ 3.57
Wastewater volumetric charges on residential accounts
are billed based on the Winter Average Consumption
during the months of December, January and February.
i 5,001 — 40,000 Gallons
40,001 — 80,000 Gallons
$ 5.35
$ 8.03
80.001 —Plus
$ 1104
Additional Residential Service Charges
Service Initiation $ 65.00
ransfer Fees
$ 20.00
Meter Accuracy Re- $ 15.00
Reads
Late Fees
10% of Billed Amount
Turn Offs / Reconnects
During Normal Office $ 30.00
Hours
'Turn Offs /Reconnects
After Normal Office
Hours
$ 60.00
Senior citizen account holders who qualify are entitled to receive the first two thousand (2,000) gallons included as
part of the minimum bill for indoor residential accounts. To be eligible, the customer must be the listed account
holder age sixty-five (65) or older, complete an application for the discount, provide proof of age on a valid United
States or State ID and not be receiving the senior citizen discount on any other Town of Prosper account.
Late payment penalties shall be waived for any account holder, on that customer's residential utility bill, upon
request and presentation of adequate proof that the customer is either
• at least age sixty -five (65) and the recipient o €social security or other bona fide retirement benefits
OR
• is totally disabled_
Out of Town rates are the same as In Town rates for water and wastewater.
Fee Schedule Ordinance (Amend Nos. 02-33, 03-48 and 05-72 — Exhibit B)
442696 -1
Fiscal Year 2009 -2010 91 Adopted Budget
Additional Commercial Service Charges
Service Initiation
$ 75.00
Transfer Fees
$ 20.00
Meter Accuracy Re-
$ 15.00
Late Fees
10% of Billed Amount
Reads
Turn Offs /Reconnects
Turn Offs / Reconnects
During Normal Office
$ 30.00
After Normal Office
$ 60.00
Hours
hours
Multifamily Dwellings, Townhomes and other Multitenant Commercial Accounts served by one master meter will be
billed a minimum charge per unit equal to the 3/4" commercial base rate. The Commercial volumetric charges will
apply as normally scheduled on the master meter consumption.
Out of Town rates are the same as In Town rates for water and wastewater.
Fee Schedule Ordinance (Amend Nos. 02-33,03-48 and 05-72 -- Exhibit 8)
442646 -1
Fiscal Year 2009 -20] 0 92 Adopted Budget
Fiscal Year 2009-2010 93 Adopted Budget
Irrigation Water Service Rates
Irrigation Wastewater Service Rates
Meter Size
Minimum Service
Ch�arge
Irrigation Accounts are not billed for wastewater
services.
Irrigation Accounts are strictly for meters and water service
dedicated solely to furnish water service to lawn sprinkler or
irrigation systems, and do not directly receive wastewater
services,
3/4" or Smaller
$ 3.85
$ 6.41
'r /2"
$ 12.83
2"
$ 20.52
Volumetric Char es
R ate e r 1,000 Gallons
0 — 15,000 Gallons
15,001 — 40,000 Gallons
$ 5.39
$ 6.19
40,001 — 80,000 Gallons
$ 7.12
80,001 — Plus
$ 9.19
Additional Irrigation Service Charges
-
Service . Initiation
i 75.00
Transfer . Fee - s
koo
Meter Accuracy Re-
Reads
$ 15.00
I
Late Fees
10% of Billed Amount
Turn Offs/ Reconnects I
During Normal Office j $ 30.00
Hours
Turn Offs /Reconnects
After Normal Office
Hours __
$ 60.00
I
Fiscal Year 2009-2010 93 Adopted Budget
-A-
Accrual Accounting - A basis of accounting in which revenues are recognized |n the accounting period in which they are earned,
and expenses are recognized in the period in which they are incurred.
Ad Valorem -Lauinhor"va|vemr.nefemurthemxaymesedagaimuma|(landand buildings) and personal (equipment and
furniture) property.
Annexed Property - Land previously outside the Town limits that becomes part of the Town during a year through the legal
process ofincorporation.
Appraised Value — An estimated value for the purpose of taxation, The Collin and Denton Central Appriasal Districts establish
property values for Town of Prosper properties in their respective Counties.
Appropriation - An authorization made by the Town Council, which permits the Town to incur obligations and to make
expenditures c«resources.
Appropriation Ordinance ' The official enactment, bv Town Council, to legally authorize Town Staff to obligate and expend
resources.
Assessment Ratio ' The ratio ot which tax rate uapplied to tax base. The assessment ratio io currently set at 1u0*ohv State law.
Assets - Resources owned or held by the Town which have monetary value.
Audit - A comprehensive review of the manner in which the government's resources were actually utilized. A certified public
accountant issues an opinion over the presentation of financial statements, tests the controls over the safekeeping of assets and
makes recommendations for improvements where necessary.
'a'
Balanced Budget - A financial plan for a fiscal year that matches all planned revenues and expenditures with the services
provided tp the residents pf the Town based on established policies.
Bond 'x written promise to pay a sum of money ona specific dates)at a specific interest rate. The interest payments and the
repayment py the principal are detailed ina bond ordinance.
aondedmwhm - That portion of indebtedness represented bv outstanding bonds.
Budget - A financial plan, for a specified period, of operations that matches all planned revenues and expenditures with the
services provided tm the Town.
Budget Adjustment -x legal procedure utilized by the City Staff and City Council tw revise a budget appropriation within
guidelines established in the Town Charter.
Budget Calendar - The schedule of key dates, which the Town follows in the preparation and adoption of the budget.
Budget Control - The control or management of the organization in accordance with an approved budget for the purpose cf
keeping expenditures within the limitations of available appropriations and revenues.
Budget Document - The instrument used by the budget-making authority to present a comprehensive financial plan of
operations to the Town Council.
Budget Message ' The opening section of the budget from the Town Manager, which provides the Town Council and the public
with a general summary of the most important aspects n* the budget.
Fiscal Year 2009-2010
94
Adopted Budget
Budgetary Control - The control or management of a government or enterprise in accordance with an approved budget for the
purpose of keeping expenditures within the limitations of available
appropriations and available revenues.
-C-
CAD /RMS (Computer Aided Dispatch /Records Management System) — The main software program
used by the police department. This software dispatches and tracks all police, fire and EMS calls and provides data to the Mobile
Data Computers (MDCs) installed in every unit.
Calculated Effective Tax Rate - State law in Texas prescribes a formula for calculating the effective tax rate for cities. The net
effect of the formula is to produce a tax rate that goes down when property values rise because of inflation and vice versa. The
intent is to generate a rate that produces approximately the same revenue as the year before. The formula does make
adjustments for newly annexed property and newly constructed property for the effective tax rate calculation.
Capital Improvement Program - A plan for purchasing capital expenditures over a period of years to meet capital needs arising
from the long -term work program or otherwise. It sets forth each project or other contemplated expenditure in which the
government is to have part and specifies the full resources estimated to be available to finance the projected expenditures.
Capital Outlays - Expenditures which result in the acquisition of, or addition to, the fixed assets.
Capital Projects Fund - A fund created to account for financial resources to be used for the acquisition or the construction of
major capital facilities or equipment.
Capital Reserve - Funds that have been appropriated from operating revenues which are to be set aside for designated types of
maintenance to the existing infrastructure.
Certificates of Obligation - Tax supported bonds that are similar to general obligation bonds and can be issued after meeting
strict publication requirements and with final approval by the Town Council.
Contractual Services - The costs related to services performed for the Town by individuals, business, or utilities.
Current Taxes - Taxes levied and due within one year.
-D-
Debt Service Fund - A fund established to account for the accumulation of resources for, and the payment of, long -term debt
principal and interest.
Delinquent Taxes - Taxes that remain unpaid after the date on which a penalty for nonpayment is attached, i.e., tax statements
are mailed out in October and become delinquent if unpaid by January 31.
Department - A major administrative organizational unit of the Town, which indicates overall management responsibility for one
or more divisions.
Depreciation - Expiration in the service life of capital assets attributable to wear and tear, deterioration, action of the physical
elements, inadequacy or obsolescence. Also that portion of the cost of a capital asset which is charged as an expense during a
particular period.
Division - A major administrative organizational unit of the Town, which indicates overall management responsibility for one or
more activities.
-E-
EDC (or PEDC) — Prosper Economic Development Corporation On May 6, 1995, Town of Prosper voters approved the 4A Sales Tax
proposition which increased the sales and use tax by Y. of 1% for the promotion and development of new and expanded business
enterprises. The Corporation is Town - chartered and governed by a 5- member Board of Directors appointed by the Town Council.
Fiscal Year 2009 -2010
95
Adopted Budget
Effectiv*Taxnate - Texas|aw prescribes a formula for calculating the effective tax rate for cities. The net effect of the formula is
tp produce a tax rate that goes down when property values rise (and vice versa) to generate a rate that produces approximately
the same revenue as the year before. The formula makes adjustments for additional debt service, newly annexed property, and
newly constructed property. If the tax rate is raised over the prior year's effective tax rate, State law requires that special notices
must be posted and published. If the increase is more than u*` the increase above mmissubject tn* possible rollback election hv
the voters.
sxxS - smergencvMedicaSemice
Encumbrance - The commitment of appropriated funds to purchase an item or service. To encumber funds means um set aside or
commit funds for afuture expenditure.
Enterprise Fund (Water m Sewer Fund) 'x fund established tv account for operations of the water and sewer system. uis
operated in a manner similar to private business enterprises where the intent is cost recovery.
sOc- Emergency Operations Center
Estimated Revenue - The amount of projected revenues to be collected during the fiscal year.
Exempt ' Personnel not eligible to receive overtime pay and who are expected to put in whatever hours are necessary to
complete their job assignments.
cnpenditv,es - xuecreaseintoenrt financial resources of the Town due tp the acquisition of goods orservices.
'p-
p}nancia| Policies ' Financial policies are used to enable the Town tu achieve a sound financial position.
Fiscal Year -xz2'mont*period to which the Annual Budget applies. The Town of Prosper has specified October I to September
3oas its fiscal year.
FLsx - Fair Labor Standards Act, The PLSA establishes minimum =age, overtime pay, ,eco"dheeping, and youth employment
standards affecting employees in the private sector and in Federal, State, and local governments.
p,anchiseFee - A feepaid bx public service utilities for use n, public property inproviding their services tu the citizens o{the
community.
pund - xnaccmvnung entity with a self-balancing set of accounts that record financial transactions for specific activities or
government function.
Fund Accounting - A governmental accounting system, which is organized and operated on a fund basis.
Fund Balance ' The excess of assets over liabilities.
Fund Type - In governmental accounting, all funds are classified into eight fund types: General, Special Revenue, Debt Service,
Capital Projects, Special Assessment, Enterprise, Internal Service, and Trust & Agency.
-G'
GAAP - Generally accepted accounting principles as determined through common practice or as promulgated by the
Governmental Accounting Standards Board, Financial Accounting Standards Board, p, various other accounting standard setting
bodies.
GASS — (Governmental Accounting Standards Board) GASS was established in 1984 as the body authorized to establish
accounting standards for state and local government.
Fiscal Year 2009-2010 96 Adopted Budget
GASB 34 — The 34th Concepts Statement issued by GASB. This statement changes the way that local governments prepare and
present their annual financial statements. Under the new model, the financial report is presented on an entity wide basis rather
than fund by fund. Furthermore, the Town's infrastructure (roadways, traffic signals, drainage channels) will be listed as assets of
the Town and reported at their depreciable value.
GIS - Geographic Information System, Services currently provided under contract with Frisco GIS
General Fund - The fund used to account for all financial resources except those required to be accounted for in another fund.
General Obligation Bonds - Bonds that finance a variety of public projects, which pledge the full faith, and credit of the Town.
Goals - Broad, general statements of each division's desired social or organizational outcomes.
Governmental Funds —Applies to all funds except for the profit and loss funds (e.g., enterprise fund and internal service fund.)
Grant - A contribution by a government or other organization to support a particular function. Grants may be classified as either
categorical or block depending upon the amount of discretion allowed the grantee.
A
HOA - Home Owners' Association
ICMA - International City and County Management Association, Professional and educational association for government officials
Impact Fees - Fees assessed to developers to help defray a portion of the costs that naturally result from increased development.
By Texas law, these fees must be used for capital acquisition or debt service relating to capital projects.
Infrastructure - The underlying permanent foundation or basic framework.
Interest Earnings - The earnings from available funds invested during the year in U.S. Treasury Bonds, Government agencies, and
Certificates of Deposits or other approved investment.
Interfund Transfer - A movement of cash between funds for the purpose of return on investment or funding projects and
operations.
Intergovernmental Revenues - Revenues from other governments in the form of grants, entitlements, shared revenues or
payments in lieu of taxes.
Internal Service Funds - Funds established to finance and account for services and commodities furnished by a designated
department to other departments within a single governmental unit or to other governmental units. Amounts expended by the
fund are restored thereto, either from operating earnings or by transfers from other funds, so that the original fund capital is
kept intact.
Investments - Securities, bonds, and real property (land or buildings) held for the production of revenues in the form of interest,
dividends, rentals or lease payments. The term does not include fixed assets used in the normal course of governmental
operations.
-L-
Liabilities - Debts or other legal obligations arising out of transactions in the past, which must be liquidated, renewed or
refunded at some future date.
Line Items - Expenditure classifications established to account for approved appropriations. Line Item budgets for all
departments are available upon request at Town Hall.
Fiscal Year 2009-2010 97 Adopted Budget
Long -Term Debt - Unmatured debt of a government expected to be repaid from government funds. An average repayment
schedule is 20 years.
-M -
Maintenance - All materials or contract expenditures covering repair and upkeep of Town buildings, machinery and equipment,
systems, and land.
Materials and Supplies - Expendable materials and operating supplies necessary to conduct departmental activity.
Modified Accrual Accounting - A basis of accounting in which revenues are recognized in the accounting period when they
become available and measurable. Expenditures are recognized in the accounting period in which the fund liability is incurred.
-N-
NCTCOG or COG — North Central Texas Council of Governments, is a voluntary association of, by and for local governments,
established to assist local governments in planning for common needs, cooperating for mutual benefit, and coordinating for
sound regional development.
Note - A certificate pledging payment, issued by a government or bank.
NTMWD - North Texas Municipal Water District
-O-
Objectives - Specific statements of desired ends, which can be measured.
Operating Budget - Plans of current expenditures and the proposed means of financing them. The annual operating budget is the
primary means by which most of the financing acquisition, spending and service delivery activities of a government are
controlled. The use of an annual operating budget is usually required by law.
Operating Costs — Outlays for such current period items as expendable supplies, contractual services, and utilities.
Ordinance - A formal legislative enactment by the governing board of a municipality. If it is not in conflict with any higher form of
law, such as a State statute or constitutional provision, it has the full force and effect of law within the boundaries of the
municipality to which it applies. The difference between an ordinance and a resolution is that the latter requires less legal
formality and has a lower legal status. Revenue raising measures, such as the imposition of taxes, special assessments and
service charges, universally require ordinances. Ordinances and other legislation are not passed until the plans for and costs of
endorsements are known.
-P-
Part -Time - Part -time employees work less than 40 hours per week and may not be entitled to full -time employee benefits.
PEDC (or EDC) — Prosper Economic Development Corporation — see full definition under EDC
Per Capita Costs - The cost of service per person. Per capita costs are based on the population estimate provided by the North
Texas Council of Governments.
Performance Measures - Specific quantitative measures of work performed within an activity or program. They may also
measure results obtained through an activity or program.
Personnel Services - The costs associated with compensating employees for their labor. This includes salaries and fringe benefits.
Projected Actual - An estimate of year ending balances for all accounts used for budgeting purposes.
Fiscal Year 2009 -2010 98 Adopted Budget
Property Taxes 'Used to describe all revenues received inaperiod from current taxes, delinquent taxes, penalties, and interest
on delinquent taxes, Property taxes are levied nn both real and personal pn, ertvacco,d/nmtothepropert/sva|uationandtax
rate.
Proprietary funds — Such as the Town's Enterprise and Internal Service funds are used to account for services provided by one
department or agency of a government to other departments, other governmental units, or the general public on a user charge
basis.
Public Hearing ' The portions of open meetings held to present evidence and provide information on both sides ofamissue.
'cl'
Reimbursement - Repayment to a specific fund for expenditures incurred or services performed bv that fund u,o, for the benefit
of another fund.
Reserve '4n account vseuuzinaicatetxa a portion u,a fund balance is restricted for m specific purpose.
Retained Earnings ' The excess of assets less liabilities in the proprietary funds.
Revenue ' Funds that the government receives asincome.
Revenue Bonds 'Bonds whose principal and interest are payable exclusively from orevenue source pledged as the payment
source before issuance.
} nFP' Request for Proposals
anQ' Request for Quotes
Risk Management 'un organized attempt to protect a government's assets against accidental loss in the most economic method.
i
ROW — Right cfWay
-S-
SAFER - Staffin for Adequate Fire and Emergency Response, Federal Grant
Specia|nevenuerumd - Afuvdvsedmmaconurt for the proceeds of specific revenue sources (other than special assessments,
expendable trusts or for major capital projects) that are legally restricted to expenditures for specified purposes.
STEP ' State Traffic Enforcement Program
Strategic Plan - Document which lists or describes major goals of an organization along with the strategies that will be employed
in attaining them.
-T-
Tax Base - The total value of all real and personal property in the Town as of January Ist of each year, as certified bythe
Appraisal Review Board. The tax base represents net value after all exemptions.
Tax Levy - The resultant product when the tax rate per one hundred dollars is multiplied by the tax base.
Tax Rate ' Total tax rate ixset by Council and is made up of two components: debt service and operations rates. The 2009'201$
tax rate for the Town of Prosper io$U.5z per $zoo.nu valuation, with debt service comprising $o.2osy16 leaving the remaining
$a.3zo0Wuof the total distributed to the General Fund.
Fiscal Year %O00-20lO VQ
Adopted Budget
Tax Increment Financing (TIF) - Tax increment Financing; a toot to use future gains in property and sales taxes to finance eligible
public infrastructure such as streets, drainage, parking garages, parks, trails, and other improvements as allowed by law, within a
reinvestment zone.
Tax Increment Reinvestment Zone (TIRZ) - Zone geospatially designated as subject to Tax Increment Financing.
TMRS - Texas Municipal Retirement System
Transfers In/Out - Amounts transferred from one fund to another to assist in financing the services or programs for the recipient
fund.
Town Charter - The document of a home rule Town similar to a constitution, which establishes the Town's government structure
and provides for the distribution of powers and duties among the various branches of government.
Town Council - The Mayor and six (6) Council Members collectively acting as the legislative and policyrnaking body of the Town.
- U -
.V-
-W—
W & S — Water & Sewer
Working Capital — Current assets minus current liabilities.
-X-
-y-
Fiscal Year 2009-2010 100
Adopted Budget
A
TOWN O '{
SP Prosper is a place where everyone matters.
I - Om
ID � =
The Town Budget truly takes teamwork and I trust many more
hands went into this effort than are recognized here.
Below I'd Iike to thank those specifically assigned to the budget.
Chris Copple, Planning
Karen Gill, Administration
Wade .harden, Parks
Frank Jaromin, Public Works
Amy Lightfoot, Municipal Court
Chief McFarlin, Police
Wayne Snell, Inspections
Dan Tolleson, EDC
Chief Tucker, Fire
Hulon Webb, Engineering
Matthew B. Garrett, Finance
FISCAL YEAR 2009 -2010 ADOPTED BUDGET