Budget - FY 2004-2005
Town of Prosper
FY 2004-2005
Town of Prosper Budget
August 31, 2004
Town of Prosper
113 W. Broadway Street
Prosper, Texas 75078
(972) 346-2640
www.prospertx.gov
Town of Prosper FY 2004-2005 Budget
Page 1 of 8
FY 2004-2005
Annual Budget
General Information on the Town of Prosper
The Town of Prosper is located on the northern edge of the Dallas Metroplex and is bordered by
U.S. 380 and the City of Frisco to the south, F.M. 1461 and the City of Celina to the north, F.M.
2478 (Custer Road) and the City of McKinney to the east, and F.M. 1385 and unincorporated
areas of Denton County to the west. Two major Dallas area north-south thoroughfares, S.H. 289
(Preston Road) and the future extension of the Dallas North Tollway, bisect the Town. Evidenced
by the neighboring cities of Frisco and McKinney, two of the fastest growing cities in the United
States, the Town of Prosper is on the verge of dramatic physical changes.
In 1975, the population of the Town of Prosper was 501. In January 2004, the North Central
Texas Council of Governments estimated the Town’s population to be 3,103. With an inventory
of over 600 lots within recently developed single-family subdivisions and additional single-family
subdivisions under construction, the Town’s population is expected to rapidly increase.
At present, the Town of Prosper's water supply consists of six water wells that pump up to 1,160
gallons of water per minute or 1,670,400 gallons per day. Due to the increasing population of the
Town, the Town has negotiated contracts to provide for the increasing demand for water.
Through the execution of the contracts, the North Texas Municipal Water District (NTMWD) will
transport surface water to the Town to supplement its existing water supply. The primary water
source of the NTMWD is Lake Lavon, located approximately 30 miles southeast of the Town.
Since the construction of the transmission line to provide this water is not projected to be
complete until the summer of 2005, the Town executed an additional contract with the NTMWD
and the City of Frisco to provide an interim source of surface water. The water line to provide the
interim source of water will extend along Preston Road from Panther Creek Parkway to U.S. 380.
It is estimated that the construction of the water line will be complete by the end of August 2004.
The Town of Prosper owns and operates a wastewater (sewer) treatment plant. While the
capacity of the plant is adequate for the Town and some additional population growth, the Town
has taken measures to plan for the additional capacity needed to serve the future population of
the Town. Through a recent permit approval from the Texas Commission on Environmental
Quality, the Town will maintain the ability to expand the capacity of its wastewater treatment
plant. In addition, the Town executed contracts with the North Texas Municipal Water District
(NTMWD) to provide wastewater services to the Town. In accordance with the contracts, the
NTMWD will construct a wastewater interceptor pipeline as their next phase of the Upper East
Fork Interceptor System. The line will extend from the Wilson Creek Wastewater Treatment Plant
south of U.S. 380 in McKinney to the Town. The pipeline will provide wastewater service to the
eastern one-third of the Town by allowing the Town to discharge wastewater into the Wilson
Creek plant. The annual cost to the Town over the next ten years will range from $270,000 to
$583,000 or an approximate average of $429,500 per year. However, since the Town will not
begin to incur these costs until the construction of the sewer line is complete, the costs will not
begin to directly impact the Town’s budget until FY 2005-2006.
The Town Council and Staff
The Town of Prosper is a general law municipality and operates under an Aldermanic (or Mayor-
Council) form of government. The mayor and five aldermen (Council members) of the Town are:
Town Of Prosper
Town of Prosper FY 2004-2005 Budget
Page 2 of 8
Charles Niswanger Mayor
Ane Casady Town Council – Place 1
Lisa Dritschler Town Council – Place 2 and Mayor Pro Tem
Kevin Drown Town Council – Place 3
Mike Wadsworth Town Council – Place 4
David Bristol Town Council – Place 5
The Mayor is the chief executive officer and budget officer of the Town, and is responsible for
ensuring that the laws and ordinances of the Town are properly enforced. The Town employs a
Town Administrator to assist the Mayor with his/her duties and to implement the policies
established by the Town Council. The Town currently maintains a staff of 24 full-time employees.
Due to the increase in the Town’s population and the associated demand for and expectation of
services offered in other Dallas area municipalities, the Town’s FY 2004-2005 proposed budget
includes four new full-time positions and one new part-time position. The Town’s current staff
and the new positions are categorized in the following six departments. The new positions are
listed in italics.
Administration (4)
Town Administrator
Town Secretary
Business Manager
Administrative Assistant (part time)
Planning (2)
Director of Planning
Administrative Assistant
Public Works (7)
Director of Public Works
Water/Sewer Operator
Streets Superintendent
Maintenance Worker (Streets)
Maintenance Worker (Water/Sewer)
Utility Billing Clerk
Water/Sewer Operator
Building Inspections (2)
Building Official
Building Inspector
Police (8)
Police Chief
Captain
Four (4) Police Officers
Municipal Court Clerk
Police Officer/School Resources Officer
Fire (7)
Fire Chief
Six (6) Firefighters / EMTs
The Budget Process and Schedule
Town staff began the process of preparing the FY 2004-2005 budget in April. Near the end of
May, a schedule and instructions for the FY 2004-2005 budget were distributed to the Town’s
Department Heads. During the first part of June, the Department Heads prepared budgets for
their departments. Following a review of the proposed budgets by the Town Administrator, the
Town of Prosper FY 2004-2005 Budget
Page 3 of 8
Town Administrator discussed modifications necessary to balance the budget with the
Department Heads.
The Town Council conducted their first budget workshop on July 6th. At this workshop, each
Department Head provided a general overview of their budget to the Council. Prior to the
Council’s second budget workshop on July 20th, Council members contacted the Town’s
Department Heads to discuss budget comments and questions. At the Council’s second budget
workshop, specific budget modifications were discussed. From this workshop, the Town
Administrator derived information to prepare the final draft of the budget. A concerted effort was
made to hold expenses to a minimum while striving to provide the additional services demanded
by a growing community.
In accordance with State law, the Mayor has filed the final draft of the budget with the Town
Secretary to allow the public the ability to review the budget prior to the required public hearings
on the budget and tax rate. The Town Council will take final action on the budget and tax rate in
September.
The FY 2004-2005 Proposed Budget
The Town’s budget is organized into funds. The following is information regarding the revenues
and expenditures of each fund.
Interest and Sinking Fund
The Interest and Sinking (I & S or Debt Service) Fund is financed by property taxes and is used to
pay the principal, interest, and related costs on the Town’s long-term liabilities. Debt currently
financed by property tax collections includes:
Debt Type
Original Debt
Amount
Purpose
Series 1996
Certificates of Obligation
$805,000 Elevated storage tank and water line
Series 1998
Certificates of Obligation
$800,000 Sewer plant improvements and
construction and replacement of sewer
lines
Series 2001
Certificates of Obligation*
$2,510,000 Water and sewer improvements and new
Central Fire Station
Series 2002
Tax Notes
$217,260 Ambulance
Series 2003
Tax Notes
$325,000 Fire truck
Series 2004
Certificates of Obligation
$10,500,000 Water and sewer improvements, Town
facilities, and associated land acquisition
*A portion of the Series 2001 Certificates of Obligation is financed by the Water and Sewer Fund
With the exception of the Series 2004 Certificates of Obligation, all proceeds from the tax notes
and certificates of obligations issued by the Town have been expended. A proposed expenditure
plan was prepared in conjunction with the issuance of the Series 2004 Certificates of Obligation.
The plan lists the following projects and estimated costs:
• Fire Station $ 400,000
• Gentle Creek Lift Station and Force Main to WWTP $ 995,000
Town of Prosper FY 2004-2005 Budget
Page 4 of 8
• CR 80 Lift Station and Force Main to CR 122 $ 285,000
• Danville/Prosper Water Improvements $ 84,000
• Water for West Prosper $ 805,000
• Sewer for West Prosper $ 1,878,000
• Water Storage Tanks and Pump Station
to Receive Water from the NTMWD $ 1,500,000
• Elevated Water Storage Tank $ 950,000
• Town Facilities (Town Hall and Police/Courts) $ 2,000,000
• Associated Land Acquisition $ 1,603,000
The new Central Fire Station, located on C.R. 78 (East First Street) east of S.H. 289 (Preston
Road), opened in mid-July. A contract has been executed for the construction of a sewer force
main extending from the Gentle Creek subdivision to the Town’s existing wastewater treatment
plant located west of downtown Prosper. In conjunction with the same project, a sewer line will
be extended from the Steeplechase subdivision to C.R. 80 (Coit Road) and from C.R. 80 (Coit
Road) north to C.R. 122 (Prosper Trail) and east along the southern boundary of the Whispering
Farms subdivision. The construction of these lines is estimated to be complete by March 2005. It
is anticipated that all other projects will begin in FY 2004-2005. Updates on all projects and
expenses associated with the Series 2004 Certificates of Obligation can be found on the Town’s
website at www.prospertx.gov by clicking on the icon labeled as “$ Prosper Bond 2004 $”.
To support the Town’s debt, the I & S portion of the Town’s tax rate is proposed to be 29.126
cents per $100 of assessed value of taxable property. The Town’s FY 2003-2004 tax rate
included 10.566 cents per $100 of assessed value of taxable property to support the Town’s debt.
The major reason for the increase in the Town’s I & S rate results from the debt service required
to support the Series 2004 Certificates of Obligations issued earlier this year in the amount of
$10,500,000. The Town’s financial consultant estimated that the I & S rate would increase by
approximately 14 cents as a result of issuing the Certificates of Obligation. The additional
increase of four and one-half cents in the I & S rate results from the manner in which the Town
services its existing debt. In the past, the Town has made payments towards its Series 2002 and
2003 tax notes from the General Fund. However, all debt service supported by property taxes
should be financed by the Town’s I & S tax rate. By shifting the payments from the General Fund
to the Interest and Sinking Fund, the I & S tax rate must be adjusted by the additional four and
one-half cents.
General Fund
The General Fund is the operating fund of the City. All general tax revenues and other receipts
that are not restricted by law or contractual agreement to some other fund are accounted for in
this fund. Departments operating in the General Fund include Administration/Communications,
Building Inspections, Fire, Parks and Recreation, Planning, Police, and Streets.
Revenues
The following revenue sources of the General Fund should be noted:
• Property Tax – The Town’s maintenance and operations (M & O) portion of the tax rate was
.21844 last year. Due to the overall increase in the total value of taxable property within the
Town, the Town is able to decrease its M & O tax rate to .18844 per $100 of assessed value
of taxable property.
• Sales Tax – Although it is anticipated that new retail and commercial development will
contribute to a modest increase in the Town’s sales tax revenues, revenue from sales tax is
being projected for FY 2004-2005 at a rate almost equal to the monthly average for FY 2003-
2004. Since a sizeable percentage of the Town’s tax base in derived from the batch plants,
this conservative projection is made to protect the Town from an unfortunate scenario in
Town of Prosper FY 2004-2005 Budget
Page 5 of 8
which concrete sales were to drastically decrease. The total sales tax projections were
raised slightly to reflect current averages for FY 2003-2004.
• Permit Fees – Revenues projected from permit fees are based on an increase of eight
percent over the permit totals for the last year.
Expenditures
Major expenditures new to the budget that are proposed to be financed by the General Fund are
summarized as follows:
• Emergency Warning Sirens – Town staff receives frequent inquiries from citizens about the
Town’s plans to install emergency warning sirens. In response to those inquiries, the Town
Council has included funds in the FY 2004-2005 budget to equip the Town with the sirens.
The estimated cost of $110,000 is a tax rate equivalency factor of over 3.5 cents per $100 of
assessed value of taxable property.
• Business Manager – The Business Manager (Director of Finance) will attend to purchasing,
bidding, budget administration, accounting, tax collections, utility billing, internal performance
audits, and risk management responsibilities.
• Police Officer / School Resources Officer – A School Resources Officer will primarily focus on
school events and activities and will maintain a visible presence at Prosper schools.
• Administrative Assistant (Administration - part time only) – The Administrative Assistant will
provide much needed help in the Town’s Administrative office. Besides being cross trained
to assist with utility billing functions, the assistant will help organize the Town files, prepare
information for Council meetings, and provide general clerical assistance to the Town
Administrator, Town Secretary, and Business Manager.
• Administrative Assistant (Planning/Building Inspections) – An Administrative Assistant shared
by Building Inspections, Planning, and Parks will assist Building Inspections with the
processing of permit applications and contractor registrations and will assist Planning with the
processing of zoning and development applications. In addition, the new position will provide
assistance to Parks with the scheduling of activities at the Town’s parks and athletic fields.
• TMRS – The proposed budget includes an increase in the Town’s matching rate for the
Texas Municipal Retirement System. The matching rate will increase from 1:1 to 2:1, as is
common with most municipalities.
• Reserve Fund - With the approval of the FY 2003-2004 budget, the Town Council established
a goal of maintaining sixty days of operating expenses. The reserve funds included in the
proposed budget exceed the amount appropriated by the Council for the FY 2003-2004
budget and bring the Town closer to its goal of 16.67% of the overall expenditures. In
addition, the Council has expressed a desire to increase the reserve fund with any non-
specified revenues received by the Town in FY 2004-2005 prior to utilizing the funds for other
items. The reserve fund will finance any reimbursements to an employee for accrued sick,
personal, or vacation leave. Also, if the Town Council were to accept the results of a salary
study and provide market adjustments to salaries, the amount would be absorbed by reserve
funds.
Capital Project Fund
The Capital Project Fund is used to account for the acquisition or construction of capital facilities
being financed from General Obligation or Certificate of Obligation Bond proceeds or transfers
from other funds. The Capital Project Fund finances improvements to Town facilities, streets,
water, sewer, and parks improvements through the Series 2004 Bond Fund. Pending capital
improvement projects include:
• Gentle Creek, Steeplechase, and Whispering Farms Sewer Improvements
• Ground Water Storage Tank, Pump Station, and Water Line (to receive NTMWD water)
• Elevated Water Storage Tank
Town of Prosper FY 2004-2005 Budget
Page 6 of 8
• Improvements to the soon to be acquired Danville Water System
• West Prosper Water and Sewer Improvements
Water and Sewer Fund
The Water and Sewer Fund is used to finance water and sewer system operations and the
collection and disposal of solid waste. These services to the general public are funded on a user-
charge basis.
Revenues
• Water and Sewer Initiation Fees
• Water, Sewer, and Solid Waste Fees
Expenditures
• Water System Operator – The hiring of a Water System Operator will allow the Town to
assign the responsibility for maintaining and monitoring the wastewater treatment plant to one
individual and to assign the responsibility of maintaining and monitoring the Town’s water
system to another individual. This position will also assist with installation of water meters
and taps, meter reading, and repair of water and sewer lines.
• NTMWD / City of Frisco Water Fees – As described above, in the near future, the Town will
begin to supplement its well water with surface water from the NTMWD. Once construction is
complete, a water line will provide surface water from the NTMWD to the Town via a City of
Frisco water line. The Town’s contract with NTMWD establishes a minimum amount of water
that the Town must purchase from the NTMWD. When these costs are combined with the
City of Frisco’s transportation costs, the cost to the Town for FY 2004-2005 is estimated to be
$484,000.
• Sewer Management Fees – The Town currently contracts for the daily hauling of raw sewage
from the Gentle Creek subdivision to the Town’s wastewater treatment plant. In addition, the
Town contracts to have sludge transported to the Stewart Creek wastewater treatment plant
in Frisco. These costs will continue to increase as the population grows. However, the
hauling of raw sewage will cease after a force main is constructed from Gentle Creek to the
Town’s wastewater treatment plant.
• Professional Services – The proposed expenditures within the Professional Services account
in the Water and Sewer Fund include engineering fees and funding for an impact fee update
and utility rate analysis. Engineering costs are expected to increase, because the Town will
be commencing with a number of water and sewer projects. Revenue from the Water and
Sewer Fund will be used to fund the design of some of these projects. The impact fee update
is necessary so that impact fees reflect changes made to the Town’s Thoroughfare Plan.
The utility rate analysis will allow the Town to evaluate its fee structure to determine if utility
rates are sufficient to support the construction of additional infrastructure and the costs of
acquiring water from and transporting sewer to the NTMWD.
• Legal Fees – Legal costs in the Water and Sewer Fund can be attributed to the Town’s
efforts in acquiring water and sewer Certificates of Convenience and Necessity (CCN) for the
Denton County portion of the Town, completing the transfer of a CCN from the Danville Water
Supply District to the Town, and for drafting and reviewing development agreements for the
Town.
• Reserve Fund - With the approval of the FY 2003-2004 budget, the Town Council established
a goal of maintaining sixty days of operating expenses. The reserve funds included in the
proposed budget equals the Town goal of 16.67% of the overall expenditures. The reserve
fund will finance any reimbursements to an employee for accrued sick, personal, or vacation
leave. In addition, if the Town Council were to accept the results of a salary study and
provide market adjustments to salaries, the amount would be absorbed by reserve funds.
Town of Prosper FY 2004-2005 Budget
Page 7 of 8
Special Revenues (Impact Fees, Park Fees, and State Fines) Fund
The Special Revenues Fund includes water, sewer, and thoroughfare impact fee accounts; park
improvement and dedication fee accounts; and a state fine account. Based on local and State
legislation, the Town is restricted on how revenue in these accounts may be utilized. The water,
sewer, and thoroughfare impact fees and park improvement and dedication fees are to be used
for the specific improvement that the fees were collected and are not to be used for any other
use. Revenue from state fines may be transferred to other funds, but only after the fiscal year in
which it was collected.
Economic Development Corporation Fund
The Economic Development Corporation Fund is financed by a ½ cent State sales tax. The use
of these funds is restricted by State law to specific economic development purposes.
Revenues
As mentioned above, the Economic Development Corporation Fund is financed solely by a ½
cent State sales tax. Revenue from sales tax is being projected for FY 2004-2005 at a rate
almost equal to the monthly average for FY 2003-2004.
Expenditures
• Executive Director of the EDC – Currently, by contract, the Town Administrator also serves
as the Executive Director of the EDC. However, the responsibilities of the Executive Director
of the EDC demand more attention than can be provided by the Town Administrator.
Therefore, the EDC is proposing to hire a full-time Executive Director. Associated
expenditures include benefits, cell phone, computer, and mileage reimbursement for the
Executive Director.
• Postage, Publications, and Printing – Expenditures in the postage, publications, and printing
categories have been increased to allow for an increased marketing effort.
• Special Events and Promotions – The EDC will research the possibility of holding a golf
tournament to promote the Town and its economic development efforts.
• Professional Services – The EDC has and will continue to promote the Town through
maintenance of a website for the Town and EDC.
Property Tax Rate and Comparison to Other Collin County Cities
When the proposed I & S tax rate of 29.126 cents is combined with the proposed M & O rate of
18.844 cents, the proposed tax rate for FY 2004-2005 totals 47.97 cents per $100 of assessed
value of taxable property. As stated above, the increase from 32.41 cents to 47.97 cents is due
primarily to the debt associated with the Series 2004 Certificates of Obligation issued to fund
water and sewer improvements, the construction of Town facilities, and associated land
acquisition.
The following chart provides a comparison of Collin County cities and their FY 2003-2004 tax
rates. One should note that larger cities such as Frisco, Plano, Allen, and Richardson with
established retail and commercial tax bases have tax rates much higher than Prosper’s current
tax rate and very close to that of the tax rate projected for the Town for FY 2004-2005. The
average tax rate for Collin County cities for FY 2003-2004 was 43.63 cents per $100 of valuation.
Town of Prosper FY 2004-2005 Budget
Page 8 of 8
Collin County Tax Rates FY 2003-2004
Tax
Jurisdiction
Total Tax Rate
M & O Rate
I & S Rate
CELINA 0.76000 0.58238 0.17762
WYLIE 0.70500 0.53404 0.17096
PRINCETON 0.70130 0.39221 0.30909
MCKINNEY 0.59800 0.42145 0.17655
BLUE RIDGE 0.58424 0.58424 0.00000
FARMERSVILLE 0.57773 0.46833 0.10940
ALLEN 0.56100 0.35924 0.20176
SACHSE 0.56006 0.46651 0.09354
ANNA 0.49970 0.49970 0.00000
ST. PAUL 0.48584 0.48584 0.00000
PROSPER (FY 2004-2005) 0.47970 0.18844 0.29126
RICHARDSON 0.47785 0.30377 0.17408
PLANO 0.45350 0.29080 0.16270
MELISSA 0.43797 0.43797 0.00000
JOSEPHINE 0.43600 0.43600 0.00000
FRISCO 0.43200 0.22595 0.20605
MURPHY 0.43040 0.14590 0.28450
LAVON 0.41450 0.41450 0.00000
LUCAS 0.37251 0.24554 0.12696
PROSPER (FY 2003-2004) 0.32410 0.21844 0.10566
FAIRVIEW 0.29000 0.15098 0.13902
PARKER 0.27000 0.20217 0.06783
WESTMINSTER 0.23739 0.23739 0.00000
LOWRY CROSSING 0.22000 0.22000 0.00000
NEW HOPE 0.21000 0.21000 0.00000
WESTON 0.16096 0.16096 0.00000
NEVADA 0.14352 0.14352 0.00000
According to the Collin County Central Appraisal District, the price of the average single family
home in Prosper is $242,304. A tax rate of .4797 will equate to taxes of $1,162.33 for the
average priced single family home in FY 2004-2005, compared to a tax rate of .3241 and taxes of
$785.30 in FY 2003-2004. The increase of $377.03 equates to an amount of $1.03 per day.
Summary
As a rapidly growing community, Prosper has been placed in a position in which it must extend its
infrastructure of water, sewer, and streets and employ a staff that can continue to provide existing
services while striving to meet the demand for new and enhanced services. As described above,
Prosper is transitioning from a town with a limited supply of well water to a town that has
contracted with the NTMWD to provide a source of surface water, and from a town with a small
sewer treatment plant to a town that contracts with the NTMWD to provide regional wastewater
treatment. This process is expensive, but necessary. Past Town Councils have been faced with
the challenges of a growing community and future Councils will be forced to address similar
issues.
Questions regarding the FY 2004-2005 budget may be directed to Town Hall at (972) 346-2640.
Estimated Beginning BalancePlus Estimated RevenueSubtotalLess Estimated ExpendituresEstimated Ending BalanceNet General Fund750,018$ 2,415,621$ 3,165,639$ 3,145,163$ 20,476$ Net Capital Projects Fund10,147,175$ 140,000$ 10,287,175$ 6,594,300$ 3,692,875$ Net Water and Sewer Fund911,481$ 1,640,053$ 2,551,534$ 2,533,244$ 18,290$ Net Interest and Sinking Fund60,836$ 1,059,179$ 1,120,015$ 1,116,898$ 3,117$ Net EDC Fund325,000$ 276,331$ 601,331$ 231,854$ 369,477$ Net Special Revenues Fund Park Improvement Fee Acct5,000$ 363,000$ 368,000$ 55,000$ 313,000$ Park Dedication Fee Acct16,473$ 232,043$ 248,516$ -$ 248,516$ Water Impact Fee Acct189,957$ 132,160$ 322,117$ 10,000$ 312,117$ Wastewater Impact Fee Acct150,666$ 114,080$ 264,746$ 181,314$ 83,432$ Thoroughfare Impact Fee Acct25,000$ 134,240$ 159,240$ 10,000$ 149,240$ State Fines Acct-$ 105,150$ 105,150$ 84,500$ 20,650$ Totals 12,581,606$ 6,611,857$ 19,193,463$ 13,962,273$ 5,231,190$ Combined Budget Summary - Estimated Fund BalancesTown of ProsperFY 2004-2005 Town Budget
FY 2003-2004FY 2004-2005 ProposedFY 2004-2005 RecommendedFY 2004-2005 Approved569,454.00$ 750,018.00$ 750,018.00$ 750,018.00$ 1,669,376.00$ 1,720,217.76$ 1,720,217.76$ 1,720,217.76$ 111,163.00$ 118,235.00$ 118,235.00$ 118,235.00$ 197,706.00$ 258,972.84$ 258,972.84$ 258,972.84$ none none none nonenone none none nonenone none none none251,500.00$ 252,145.00$ 252,145.00$ 252,145.00$ none 66,050.00$ 66,050.00$ 66,050.00$ 2,799,199.00$ 3,165,638.60$ 3,165,638.60$ 3,165,638.60$ 1,154,199.00$ 911,481.01$ 911,481.01$ 911,481.01$ 1,493,605.81$ 1,640,053.44$ 1,640,053.44$ 1,640,053.44$ 2,647,804.81$ 2,551,534.45$ 2,551,534.45$ 2,551,534.45$ 53,000.00$ 60,835.56$ 60,835.56$ 60,835.56$ 331,312.56$ 1,059,179.26$ 1,059,179.26$ 1,059,179.26$ 384,312.56$ 1,120,014.82$ 1,120,014.82$ 1,120,014.82$ Administration Police Fire Streets Parks/Rec CommunicationsWater and Sewer Fund Town of Prosper - FY 2004-2005 Budget - RevenuesInterest and Sinking FundAccount #General Fund Beginning Balance Beginning BalanceWater and Sewer Fund Totals Water and Sewer Fund Inspections Planning General Fund Totals Interest and Sinking FundInterest and Sinking Fund Totals Beginning Balance
FY 2003-2004FY 2004-2005 ProposedFY 2004-2005 RecommendedFY 2004-2005 Approved Town of Prosper - FY 2004-2005 Budget - RevenuesAccount #226,000.00$ 5,000.00$ 5,000.00$ 5,000.00$ 189,520.00$ 363,000.00$ 363,000.00$ 363,000.00$ none 16,473.00$ 16,473.00$ 16,473.00$ 48,595.00$ 232,043.00$ 232,043.00$ 232,043.00$ none 189,957.00$ 189,957.00$ 189,957.00$ 234,108.00$ 132,160.00$ 132,160.00$ 132,160.00$ none 150,666.00$ 150,666.00$ 150,666.00$ 162,564.00$ 114,080.00$ 114,080.00$ 114,080.00$ none 25,000.00$ 25,000.00$ 25,000.00$ 255,000.00$ 134,240.00$ 134,240.00$ 134,240.00$ none none none none102,436.00$ 55,150.00$ 105,150.00$ 105,150.00$ 1,218,223.00$ 1,417,769.00$ 1,467,769.00$ 1,467,769.00$ 514,426.00$ none none none1,286,145.20$ none none none10,500,000.00$ 10,147,175.00$ 10,147,175.00$ 10,147,175.00$ 57,175.00$ 140,000.00$ 140,000.00$ 140,000.00$ 12,357,746.20$ 10,287,175.00$ 10,287,175.00$ 10,287,175.00$ 266,000.00$ 325,000.00$ 325,000.00$ 325,000.00$ 259,426.00$ 276,331.00$ 276,331.00$ 276,331.00$ 525,426.00$ 601,331.00$ 601,331.00$ 601,331.00$ 19,932,711.57$ 19,143,462.87$ 19,193,462.87$ 19,193,462.87$ Capital Projects Fund TotalsEDC Fund Beginning Balance EDC Fund EDC Fund Series 2004 BondEDC Fund TotalsSpecial Revenues Fund Totals Thoroughfare Impact Fees Beginning Balance State Fines State Fines Beginning Balance Series 2004 BondCapital Projects Fund Beginning Balance Park Improvement Fees Beginning Balance Thoroughfare Impact Fees Beginning Balance Water Impact Fees Water Impact Fees Park Improvement Fees Beginning Balance Wastewater Impact Fees Wastewater Impact Fees Beginning Balance Park Dedication Fees Park Dedication FeesTotals Series 2001 Bond Beginning Balance Series 2001 BondSpecial Revenues Fund
FY 2003-2004FY 2004-2005 RequestedFY 2004-2005 RecommendedFY 2004-2005 Approved648,664.94$ 739,554.17$ 583,113.20$ 583,113.20$ 564,587.55$ 770,544.34$ 738,257.62$ 738,257.62$ 716,912.88$ 1,338,709.67$ 790,838.75$ 790,838.75$ 191,664.40$ 277,738.70$ 260,951.58$ 260,951.58$ 57,755.00$ 77,155.00$ 21,855.00$ 21,855.00$ 4,400.00$ 42,051.95$ 13,336.95$ 13,336.95$ 72,198.95$ 189,023.53$ 189,023.53$ 189,023.53$ 91,587.66$ 196,282.17$ 137,786.34$ 137,786.34$ 2,347,771.38$ 3,631,059.53$ 2,735,162.97$ 2,735,162.97$ 331,277.00$ 605,297.62$ 410,000.00$ 410,000.00$ 2,679,048.38$ 4,236,357.15$ 3,145,162.97$ 3,145,162.97$ 1,764,014.49$ 2,171,289.77$ 2,171,289.77$ 2,171,289.77$ 286,225.00$ 361,954.00$ 361,954.00$ 361,954.00$ 2,050,239.49$ 2,533,243.77$ 2,533,243.77$ 2,533,243.77$ 323,476.50$ 1,116,897.96$ 1,116,897.96$ 1,116,897.96$ 389,646.00$ 55,000.00$ 55,000.00$ 55,000.00$ none none none nonenone 10,000.00$ 10,000.00$ 10,000.00$ none 181,313.75$ 181,313.75$ 181,313.75$ 230,000.00$ 10,000.00$ 10,000.00$ 10,000.00$ 44,150.00$ 84,500.00$ 84,500.00$ 84,500.00$ 663,796.00$ 340,813.75$ 340,813.75$ 340,813.75$ 1,267,274.95$ none none none410,000.00$ 6,594,300.00$ 6,594,300.00$ 6,594,300.00$ 1,677,274.95$ 6,594,300.00$ 6,594,300.00$ 6,594,300.00$ 199,987.00$ 231,853.51$ 231,853.51$ 231,853.51$ 7,593,822.32$ 15,053,466.15$ 13,962,271.96$ 13,962,271.96$ Account # Series 2004 Bond Series 2001 Bond60 Day Reserves Special Revenues Fund Wastewater Impact Fees Park Improvement Fees Town of Prosper - FY 2004-2005 Budget - Summary of ExpendituresInterest and Sinking Fund Park Dedication Fees Water Impact Fees Inspections Planning General Fund TotalsSubtotalGeneral FundSubtotals Parks/RecCapital Projects Fund Thoroughfare Impact Fees Communications State FinesSpecial Revenues Fund TotalsWater and Sewer Fund 60 Day ReservesWater and Sewer Fund Totals Administration Police Fire StreetsTotalsCapital Projects Fund TotalsEDC Fund
Town of ProsperFY 2004-2005 Budget% of Total Expenditures (by Fund)General Fund23%Capital Projects47%Water and Sewer18%Interest and Sinking8%EDC2%Special Revenues2%General FundCapital ProjectsWater and SewerInterest and SinkingEDCSpecial Revenues
Town of ProsperFY 2004-2005 Budget % of Total Exenditures (by Type of Expenditure)Salaries10%Employee Benefits3%Debt Service8%Capital Expenditures3%Capital Projects48%Reserve Funds6%All Other Expenditures22%SalariesEmployee BenefitsDebt ServiceCapital ExpendituresCapital ProjectsReserve FundsAll Other Expenditures
FY 2004-2005
Annual Budget
Interest and Sinking
(I & S) Fund
Town Of Prosper
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
Beginning Balance 53,000.00$ -$ 60,835.56$ 60,835.56$ 60,835.56$
4105 Property Taxes - Delinquent 9,313.00$ 4,500.00$ 6,000.00$ 6,000.00$ 6,000.00$
4110 Property Taxes - Current 270,699.56$ 265,000.00$ 910,479.26$ 910,479.26$ 910,479.26$
4610 Interest Income 2,500.00$ 1,000.00$ 2,700.00$ 2,700.00$ 2,700.00$
Transfer from 2004 Bond -$ -$ 140,000.00$ 140,000.00$ 140,000.00$
Totals 335,512.56$ 270,500.00$ 1,120,014.82$ 1,120,014.82$ 1,120,014.82$
Interest and Sinking (I & S) Fund
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5270 Bank Charges 160.00$ 160.00$ -$ -$ -$
6175 1999 Bond Payment -$ -$ -$ -$ -$
6180 2001 Bond Payment 135,074.00$ 135,074.00$ 135,185.00$ 135,185.00$ 135,185.00$
6185 1996 Bond Payment 68,737.50$ 68,737.50$ 71,900.00$ 71,900.00$ 71,900.00$
6190 1998 Bond Payment 64,505.00$ 64,505.00$ 63,210.00$ 63,210.00$ 63,210.00$
6195 2002 Tax Note Payment -$ -$ 50,656.15$ 50,656.15$ 50,656.15$
6196 2003 Tax Note Payment -$ -$ 75,066.81$ 75,066.81$ 75,066.81$
6197 2004 Bond Payment -$ -$ 675,880.00$ 675,880.00$ 675,880.00$
6200 Bond Administrative Fees 2,000.00$ 2,000.00$ -$ -$ -$
60 Day Reserve Fund 53,000.00$ 53,000.00$ 45,000.00$ 45,000.00$ 45,000.00$
Totals 323,476.50$ 323,476.50$ 1,116,897.96$ 1,116,897.96$ 1,116,897.96$
Interest and Sinking (I & S) Fund
FY 2004-2005 Town Budget
Town of Prosper
Summary of Expenditures
FY 2004-2005
Annual Budget
General Fund
Town Of Prosper
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
Beginning Balance - GF 443,000.00$ 569,454.00$ 750,018.00$ 750,018.00$ 750,018.00$
4035 3% Construction Insp Fee 120,000.00$ 120,000.00$ 110,000.00$ 110,000.00$ 110,000.00$
4100 Atty Fees - Taxes -$ -$ -$ -$ -$
4105 Property Taxes - Delinquent 6,000.00$ 4,500.00$ 5,000.00$ 5,000.00$ 5,000.00$
4110 Property Taxes - Current 559,640.00$ 559,640.00$ 589,063.76$ 589,063.76$ 589,063.76$
4115 Taxes - Penalties 14,000.00$ -$ -$ -$ -$
4120 Sales Tax 612,636.00$ 778,278.00$ 829,004.00$ 829,004.00$ 829,004.00$
4140 Franchies Fee - Electric 85,000.00$ 85,000.00$ 94,000.00$ 94,000.00$ 94,000.00$
4150 Franchies Fee - Telephone 10,000.00$ 12,200.00$ 14,800.00$ 14,800.00$ 14,800.00$
4160 Franchise Fee - Gas 6,200.00$ 17,447.00$ 18,000.00$ 18,000.00$ 18,000.00$
4180 Franchise Fee - Other 4,700.00$ 18,000.00$ 38,100.00$ 38,100.00$ 38,100.00$
4215 Annexation Fees 2,250.00$ 18,000.00$ 1,250.00$ 1,250.00$ 1,250.00$
4610 Interest Income 5,777.00$ 4,200.00$ 5,000.00$ 5,000.00$ 5,000.00$
4910 Other Revenue 17,196.00$ 16,000.00$ 16,000.00$ 16,000.00$ 16,000.00$
Subtotal 1,443,399.00$ 1,633,265.00$ 1,720,217.76$ 1,720,217.76$ 1,720,217.76$
Totals 1,886,399.00$ 2,202,719.00$ 2,470,235.76$ 2,470,235.76$ 2,470,235.76$
General Fund (Administration)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5110 Salaries & Wages 168,680.00$ 116,000.00$ 177,192.25$ 177,192.25$ 177,192.25$
5115 Salaries - Overtime 2,000.00$ 550.00$ 400.00$ 400.00$ 400.00$
5125 Salaries - Accrued Leave 2,000.00$ -$ -$ -$ -$
5140 Salaries - Longevity Pay 1,700.00$ 600.00$ 925.00$ 925.00$ 925.00$
5145 Social Security Expense 8,629.16$ 7,400.00$ 10,985.92$ 10,985.92$ 10,985.92$
5150 Medicare Expense 2,018.11$ 1,750.00$ 2,569.29$ 2,569.29$ 2,569.29$
5155 SUTA Expense 189.00$ 222.52$ 828.00$ 828.00$ 828.00$
5160 Health/Dental Expense 13,500.00$ 10,900.00$ 12,345.48$ 12,345.48$ 12,345.48$
5175 Liability (TML) 35,458.00$ 39,592.00$ 43,134.50$ 43,134.50$ 43,134.50$
5180 TMRS Expense 3,500.39$ 3,553.00$ 9,077.68$ 9,077.68$ 9,077.68$
5185 Short/Long Term Disability 1,311.00$ 1,410.69$ 2,237.68$ 2,237.68$ 2,237.68$
5190 Contract Labor 3,780.00$ 3,500.00$ 3,640.00$ 3,640.00$ 3,640.00$
5210 Supplies 11,400.00$ 11,000.00$ 11,471.50$ 11,471.50$ 11,471.50$
5230 Dues Schools Subscriptions 21,838.00$ 14,000.00$ 9,144.00$ 9,144.00$ 9,144.00$
5240 Postage and Delivery 3,000.00$ 2,500.00$ 1,800.00$ 1,800.00$ 1,800.00$
5250 Publications 7,000.00$ 7,500.00$ 7,200.00$ 7,200.00$ 7,200.00$
5270 Bank Charges 500.00$ 400.00$ -$ -$ -$
5280 Printing and Reproduction 4,700.00$ 3,000.00$ 2,900.00$ 2,900.00$ 2,900.00$
5290 Miscellaneous Expense 4,359.28$ 4,500.00$ 6,145.00$ 6,145.00$ 6,145.00$
5310 Rental Expense 14,304.00$ 18,169.00$ 18,425.00$ 18,425.00$ 18,425.00$
5320 Repairs & Mantenance 2,500.00$ 1,000.00$ 1,000.00$ 1,000.00$ 1,000.00$
5350 Vehice Expense -$ 1,664.62$ -$ -$ -$
5410 Professional Services 100,000.00$ 75,000.00$ 67,800.00$ 67,800.00$ 67,800.00$
5430 Legal Fees 140,000.00$ 100,000.00$ 80,000.00$ 80,000.00$ 80,000.00$
5460 Election Expense 1,354.00$ 1,327.00$ 10,000.00$ 10,000.00$ 10,000.00$
5480 Contracted Services 25,974.00$ 22,000.00$ 67,674.50$ 67,674.50$ 67,674.50$
5520 Telephone & Utilities 38,000.00$ 108,000.00$ 18,539.40$ 18,539.40$ 18,539.40$
5530 Travel 4,500.00$ 4,500.00$ 8,928.00$ 8,928.00$ 8,928.00$
6110 Capital Expenditure -$ -$ -$ -$ -$
6140 Capital Expenditure - Equip 26,470.00$ 15,000.00$ 8,750.00$ 8,750.00$ 8,750.00$
6160 Capital Expenditure - Vehicle -$ -$ -$ -$ -$
Totals 648,664.94$ 575,038.83$ 583,113.20$ 583,113.20$ 583,113.20$
General Fund (Administration)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
4000 Water/Sewer Initiation Fee -$ -$ -$ -$ -$
4005 Water/Sewer/Sanitation -$ -$ -$ -$ -$
4010 Tap/Meter Fees -$ -$ -$ -$ -$
4015 Impact Fees - Water -$ -$ -$ -$ -$
4020 Impact Fees - Sewer -$ -$ -$ -$ -$
4030 Miscellaneous -$ -$ -$ -$ -$
4035 3% Construction Insp Fee -$ -$ -$ -$ -$
4040 Impact Fees - Thoroughfares -$ -$ -$ -$ -$
4045 Park Fees - Dedication -$ -$ -$ -$ -$
4055 Transfer In - Park Fees -$ -$ -$ -$ -$
4100 Atty Fees - Taxes -$ -$ -$ -$ -$
4105 Property Taxes - Delinquent -$ -$ -$ -$ -$
4110 Property Taxes - Current -$ -$ -$ -$ -$
4115 Taxes - Penalties -$ -$ -$ -$ -$
4120 Sales Tax -$ -$ -$ -$ -$
4140 Franchies Fee - Electric -$ -$ -$ -$ -$
4150 Franchies Fee - Telephone -$ -$ -$ -$ -$
4160 Franchise Fee - Gas -$ -$ -$ -$ -$
4180 Franchise Fee - Other -$ -$ -$ -$ -$
4210 Building Permits -$ -$ -$ -$ -$
4215 Annexation Fees -$ -$ -$ -$ -$
4220 Zoning Fees -$ -$ -$ -$ -$
4225 Plat Fees -$ -$ -$ -$ -$
4230 Other Permits 4,075.00$ 4,075.00$ 4,075.00$ 4,075.00$ 4,075.00$
4310 Charges for Services -$ -$ -$ -$ -$
4425 Collin County Fire Assoc -$ -$ -$ -$ -$
4440 Accident Reports 88.00$ 32.00$ 40.00$ 40.00$ 40.00$
4510 Grants 100,000.00$ 100,000.00$ 100,000.00$ 100,000.00$ 100,000.00$
4530 Contributions 17,196.00$ 14,000.00$ 14,000.00$ 14,000.00$ 14,000.00$
4610 Interest Income 136.00$ 120.00$ 120.00$ 120.00$ 120.00$
4910 Other Revenue -$ -$ -$ -$ -$
4915 Escrow -$ -$ -$ -$ -$
Totals 121,495.00$ 118,227.00$ 118,235.00$ 118,235.00$ 118,235.00$
General Fund (Police)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5110 Salaries & Wages 284,134.00$ 284,134.00$ 349,992.31$ 329,043.70$ 329,043.70$
5115 Salaries - Overtime 10,000.00$ 10,000.00$ 28,000.00$ 28,000.00$ 28,000.00$
5125 Salaries - Accrued Leave -$ -$ 10,819.97$ -$ -$
5140 Salaries - Longevity Pay 2,700.00$ 2,700.00$ 5,100.00$ 5,000.00$ 5,000.00$
5145 Social Security Expense 17,616.00$ 17,616.00$ 22,402.22$ 22,136.70$ 22,136.70$
5150 Medicare Expense 4,121.00$ 4,121.00$ 5,239.23$ 5,177.13$ 5,177.13$
5155 SUTA Expense 1,449.00$ 1,449.00$ 1,656.00$ 1,656.00$ 1,656.00$
5160 Health/Dental Expense 31,500.00$ 31,500.00$ 32,921.28$ 32,921.28$ 32,921.28$
5170 Supplemental Life 6,914.00$ 6,914.00$ 9,000.00$ 9,000.00$ 9,000.00$
5180 TMRS Expense 7,146.00$ 7,146.00$ 19,665.18$ 19,432.10$ 19,432.10$
5185 Short/Long Term Disability 3,811.94$ 3,811.94$ 4,847.54$ 4,790.10$ 4,790.10$
5190 Contract Labor -$ -$ -$ -$ -$
5205 Contribution Expenses 12,500.00$ 12,500.00$ 12,500.00$ 12,500.00$ 12,500.00$
5210 Supplies 37,500.00$ 37,500.00$ 39,315.00$ 39,315.00$ 39,315.00$
5230 Dues Schools Subscriptions 9,500.00$ 9,500.00$ 10,080.00$ 10,080.00$ 10,080.00$
5240 Postage and Delivery 2,000.00$ 1,100.00$ 2,000.00$ 2,000.00$ 2,000.00$
5250 Publications 600.00$ 600.00$ 600.00$ 600.00$ 600.00$
5270 Bank Charges -$ -$ -$ -$ -$
5280 Printing and Reproduction 500.00$ -$ 1,000.00$ 1,000.00$ 1,000.00$
5290 Miscellaneous Expense -$ -$ 1,500.00$ 1,250.00$ 1,250.00$
5310 Rental Expense -$ -$ 2,000.00$ 2,000.00$ 2,000.00$
5320 Repairs & Mantenance 15,275.00$ 8,500.00$ 9,500.00$ 9,500.00$ 9,500.00$
5350 Vehice Expense 20,500.00$ 23,000.00$ 50,015.00$ 50,015.00$ 50,015.00$
5410 Professional Services 6,700.00$ 5,000.00$ 10,750.00$ 10,750.00$ 10,750.00$
5430 Legal Fees 4,500.00$ -$ 4,500.00$ 2,500.00$ 2,500.00$
5440 EMS Expense -$ -$ -$ -$ -$
5450 Dispatch Expense 38,260.00$ 25,000.00$ 52,200.00$ 52,200.00$ 52,200.00$
5460 Election Expense -$ -$ -$ -$ -$
5470 Trash Collection -$ -$ -$ -$ -$
5480 Contracted Services -$ -$ -$ -$ -$
5520 Telephone & Utilities 8,220.00$ 3,750.00$ 12,000.00$ 12,000.00$ 12,000.00$
5530 Travel -$ -$ 4,000.00$ 4,000.00$ 4,000.00$
5540 Water Testing -$ -$ -$ -$ -$
5550 Water Purchases -$ -$ -$ -$ -$
5560 Sewer Management Fees -$ -$ -$ -$ -$
6110 Capital Expenditure 8,500.00$ 7,500.00$ 16,300.00$ 18,750.00$ 18,750.00$
6140 Capital Expenditure - Equip 5,200.00$ 5,200.00$ 11,700.00$ 11,700.00$ 11,700.00$
6160 Capital Expenditure - Vehicle 25,440.61$ 25,440.61$ 40,940.61$ 40,940.61$ 40,940.61$
6175 1999 Bond Payment -$ -$ -$ -$ -$
6180 2001 Bond Payment -$ -$ -$ -$ -$
6185 1996 Bond Payment -$ -$ -$ -$ -$
6190 1998 Bond Payment -$ -$ -$ -$ -$
6200 Bond Administrtaive Fees -$ -$ -$ -$ -$
Totals 564,587.55$ 533,982.55$ 770,544.34$ 738,257.62$ 738,257.62$
General Fund (Police)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
4000 Water/Sewer Initiation Fee -$ -$ -$ -$ -$
4005 Water/Sewer/Sanitation -$ -$ -$ -$ -$
4010 Tap/Meter Fees -$ -$ -$ -$ -$
4015 Impact Fees - Water -$ -$ -$ -$ -$
4020 Impact Fees - Sewer -$ -$ -$ -$ -$
4030 Miscellaneous -$ -$ -$ -$ -$
4035 3% Construction Insp Fee -$ -$ -$ -$ -$
4040 Impact Fees - Thoroughfares -$ -$ -$ -$ -$
4045 Park Fees - Dedication -$ -$ -$ -$ -$
4055 Transfer In - Park Fees -$ -$ -$ -$ -$
4100 Atty Fees - Taxes -$ -$ -$ -$ -$
4105 Property Taxes - Delinquent -$ -$ -$ -$ -$
4110 Property Taxes - Current -$ -$ -$ -$ -$
4115 Taxes - Penalties -$ -$ -$ -$ -$
4120 Sales Tax -$ -$ -$ -$ -$
4140 Franchies Fee - Electric -$ -$ -$ -$ -$
4150 Franchies Fee - Telephone -$ -$ -$ -$ -$
4160 Franchise Fee - Gas -$ -$ -$ -$ -$
4180 Franchise Fee - Other -$ -$ -$ -$ -$
4210 Building Permits -$ -$ -$ -$ -$
4215 Annexation Fees -$ -$ -$ -$ -$
4220 Zoning Fees -$ -$ -$ -$ -$
4225 Plat Fees -$ -$ -$ -$ -$
4230 Other Permits -$ -$ -$ -$ -$
4310 Charges for Services 173,706.00$ 180,000.00$ 236,612.84$ 236,612.84$ 236,612.84$
4315 Fire Inspections 7,560.00$ 7,560.00$ 7,560.00$
4410 Fines -$ -$ -$ -$ -$
4425 Collin County Fire Assoc 11,500.00$ 4,500.00$ 4,000.00$ 4,000.00$ 4,000.00$
4440 Accident Reports -$ -$ -$ -$ -$
4510 Grants -$ -$ -$ -$ -$
4530 Contributions 12,500.00$ 12,500.00$ 10,800.00$ 10,800.00$ 10,800.00$
4610 Interest Income -$ -$ -$ -$ -$
4910 Other Revenue -$ -$ -$ -$ -$
4915 Escrow -$ -$ -$ -$ -$
Totals 197,706.00$ 197,000.00$ 258,972.84$ 258,972.84$ 258,972.84$
General Fund (Fire)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5110 Salaries & Wages 268,810.88$ 268,810.88$ 489,642.00$ 272,627.98$ 272,627.98$
5115 Salaries - Overtime 60,000.00$ 60,000.00$ 75,272.00$ 75,272.00$ 75,272.00$
5125 Salaries - Accrued Leave -$ -$ 7,631.91$ -$ -$
5140 Salaries - Longevity Pay 2,700.00$ 2,700.00$ 8,450.00$ 5,625.00$ 5,625.00$
5145 Social Security Expense 16,914.00$ 16,914.00$ 18,305.00$ 21,569.79$ 21,569.79$
5150 Medicare Expense 3,956.00$ 3,956.00$ 7,099.81$ 5,044.56$ 5,044.56$
5155 SUTA Expense 378.00$ 378.00$ 2,691.00$ 1,449.00$ 1,449.00$
5160 Health/Dental Expense 27,000.00$ 27,000.00$ 53,496.12$ 24,690.96$ 24,690.96$
5170 Life Insurance 7,566.00$ 7,566.00$ 7,566.00$ 7,566.00$ 7,566.00$
5180 TMRS Expense 6,902.00$ 6,902.00$ 26,648.77$ 17,063.03$ 17,063.03$
5185 Short/Long Term Disability 2,600.00$ 2,600.00$ 6,569.06$ 4,667.43$ 4,667.43$
5190 Contract Labor 18,000.00$ 18,000.00$ 19,000.00$ 20,300.00$ 20,300.00$
5205 Contribution Expenses 12,500.00$ 12,500.00$ 6,514.00$ 6,514.00$ 6,514.00$
5210 Supplies 40,200.00$ 38,200.00$ 50,825.00$ 38,500.00$ 38,500.00$
5230 Dues Schools Subscriptions 11,860.00$ 11,860.00$ 16,883.00$ 16,883.00$ 16,883.00$
5240 Postage and Delivery 500.00$ 500.00$ 500.00$ 500.00$ 500.00$
5250 Publications -$ -$ -$ -$ -$
5270 Bank Charges -$ -$ -$ -$ -$
5280 Printing and Reproduction -$ -$ -$ -$ -$
5290 Miscellaneous Expense 13,500.00$ 4,500.00$ 32,360.00$ 32,360.00$ 32,360.00$
5310 Rental Expense -$ -$ -$ -$ -$
5320 Repairs & Mantenance 14,200.00$ 8,000.00$ 13,700.00$ 13,700.00$ 13,700.00$
5350 Vehice Expense 10,500.00$ 10,500.00$ 10,500.00$ 10,500.00$ 10,500.00$
5410 Professional Services 270.00$ 270.00$ 16,872.00$ 13,512.00$ 13,512.00$
5420 Municipal Court/Judge Fees -$ -$ -$ -$ -$
5425 State Fines Expense -$ -$ -$ -$ -$
5430 Legal Fees -$ -$ -$ -$ -$
5440 EMS Expense 45,500.00$ 45,500.00$ 63,008.00$ 63,008.00$ 63,008.00$
5450 Dispatch Expense 3,600.00$ 3,600.00$ 5,736.00$ 5,736.00$ 5,736.00$
5460 Election Expense -$ -$ -$ -$ -$
5470 Trash Collection -$ -$ -$ -$ -$
5480 Contracted Services -$ -$ -$ -$ -$
5520 Telephone & Utilities 10,000.00$ 10,000.00$ 18,400.00$ 18,400.00$ 18,400.00$
5530 Travel -$ -$ -$ -$ -$
5540 Water Testing -$ -$ -$ -$ -$
5550 Water Purchases -$ -$ -$ -$ -$
5560 Sewer Management Fees -$ -$ -$ -$ -$
6110 Capital Expenditure -$ -$ -$ -$ -$
6140 Capital Expenditure - Equip 14,500.00$ 14,500.00$ 156,040.00$ 110,000.00$ 110,000.00$
6160 Capital Expenditure - Vehicle 124,956.00$ 124,956.00$ 225,000.00$ -$ -$
6175 1999 Bond Payment -$ -$ -$ -$ -$
6180 2001 Bond Payment -$ -$ -$ -$ -$
6185 1996 Bond Payment -$ -$ -$ -$ -$
6190 1998 Bond Payment -$ -$ -$ -$ -$
6200 Bond Administrtaive Fees -$ -$ -$ -$ -$
4315 Fire Inspections -$ -$ -$ 5,350.00$ 5,350.00$
Totals 716,912.88$ 699,712.88$ 1,338,709.67$ 790,838.75$ 790,838.75$
General Fund (Fire)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5110 Salaries & Wages 48,682.40$ 46,345.95$ 53,595.36$ 52,574.29$ 52,574.29$
5115 Salaries - Overtime 4,000.00$ 4,769.55$ 5,797.58$ 5,742.34$ 5,742.34$
5125 Salaries - Accrued Leave 578.00$ 1,123.20$ 2,061.36$
5140 Salaries - Longevity Pay 1,100.00$ 900.00$ 2,900.00$ 1,525.00$ 1,525.00$
5145 Social Security Expense 3,208.00$ 3,336.43$ 3,682.36$ 3,615.63$ 3,615.63$
5150 Medicare Expense 750.00$ 780.33$ 861.19$ 845.59$ 845.59$
5155 SUTA Expense 126.00$ 376.88$ 547.34$ 414.00$ 414.00$
5160 Health/Dental Expense 9,000.00$ 3,304.32$ 8,230.32$ 8,230.32$ 8,230.32$
5175 Liability (TML) -$ -$ -$ -$ -$
5180 TMRS Expense 1,301.00$ 1,231.56$ 3,232.46$ 3,173.88$ 3,173.88$
5185 Short/Long Term Disability 610.00$ 319.91$ 796.82$ 782.38$ 782.38$
5190 Contract Labor -$ -$ -$ -$ -$
5205 Contribution Expenses -$ -$ -$ -$ -$
5210 Supplies 7,116.00$ 7,116.00$ 6,450.52$ 6,450.52$ 6,450.52$
5230 Dues Schools Subscriptions -$ -$ -$ -$ -$
5240 Postage and Delivery -$ -$ -$ -$ -$
5250 Publications -$ -$ -$ -$ -$
5270 Bank Charges -$ -$ -$ -$ -$
5280 Printing and Reproduction -$ -$ -$ -$ -$
5290 Miscellaneous Expense -$ -$ -$ -$ -$
5310 Rental Expense -$ -$ -$ -$ -$
5320 Repairs & Mantenance 109,593.00$ 109,593.00$ 126,500.00$ 126,500.00$ 126,500.00$
5350 Vehice Expense 5,000.00$ 5,000.00$ 7,416.33$ 7,416.33$ 7,416.33$
5410 Professional Services -$ -$ -$ -$ -$
5420 Municipal Court/Judge Fees -$ -$ -$ -$ -$
5425 State Fines Expense -$ -$ -$ -$ -$
5430 Legal Fees -$ -$ -$ -$ -$
5440 EMS Expense -$ -$ -$ -$ -$
5450 Dispatch Expense -$ -$ -$ -$ -$
5460 Election Expense -$ -$ -$ -$ -$
5470 Trash Collection -$ -$ -$ -$ -$
5480 Contracted Services -$ -$ -$ -$ -$
5520 Telephone & Utilities 600.00$ 1,948.71$ 3,178.69$ 24,778.69$ 24,778.69$
5530 Travel -$ -$ -$ -$ -$
5540 Water Testing -$ -$ -$ -$ -$
5550 Water Purchases -$ -$ -$ -$ -$
5560 Sewer Management Fees -$ -$ -$ -$ -$
6110 Capital Expenditure -$ 4,233.53$ 52,488.37$ 18,902.61$ 18,902.61$
6140 Capital Expenditure - Equip -$ -$ -$ -$ -$
6160 Capital Expenditure - Vehicle -$ -$ -$ -$ -$
6175 1999 Bond Payment -$ -$ -$ -$ -$
6180 2001 Bond Payment -$ -$ -$ -$ -$
6185 1996 Bond Payment -$ -$ -$ -$ -$
6190 1998 Bond Payment -$ -$ -$ -$ -$
6200 Bond Administrtaive Fees -$ -$ -$ -$ -$
Totals 191,664.40$ 190,379.37$ 277,738.70$ 260,951.58$ 260,951.58$
General Fund (Streets)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5110 Salaries & Wages -$ -$ -$ -$ -$
5115 Salaries - Overtime -$ -$ -$ -$ -$
5125 Salaries - Sick -$ -$ -$ -$ -$
5140 Salaries - Longevity Pay -$ -$ -$ -$ -$
5145 Social Security Expense -$ -$ -$ -$ -$
5150 Medicare Expense -$ -$ -$ -$ -$
5155 SUTA Expense -$ -$ -$ -$ -$
5160 Health/Dental Expense -$ -$ -$ -$ -$
5175 Liability (TML) -$ -$ -$ -$ -$
5180 TMRS Expense -$ -$ -$ -$ -$
5185 Short/Long Term Disability -$ -$ -$ -$ -$
5190 Contract Labor -$ -$ -$ -$ -$
5205 Contribution Expenses -$ -$ -$ -$ -$
5210 Supplies 150.00$ 150.00$ 450.00$ 150.00$ 150.00$
5230 Dues Schools Subscriptions -$ -$ -$ -$ -$
5240 Postage and Delivery 500.00$ 100.00$ 100.00$ 100.00$ 100.00$
5250 Publications -$ -$ -$ -$ -$
5270 Bank Charges -$ -$ -$ -$ -$
5280 Printing and Reproduction 75.00$ 75.00$ 75.00$ 75.00$ 75.00$
5290 Miscellaneous Expense 500.00$ 500.00$ 2,000.00$ 2,000.00$ 2,000.00$
5310 Rental Expense -$ -$ -$ -$ -$
5320 Repairs & Maintenance 4,000.00$ -$ 4,000.00$ 4,000.00$ 4,000.00$
5350 Vehicle Expense -$ -$ -$ -$ -$
5410 Professional Services 37,000.00$ -$ 55,000.00$ -$ -$
5420 Municipal Court/Judge Fees -$ -$ -$ -$ -$
5425 State Fines Expense -$ -$ -$ -$ -$
5430 Legal Fees -$ -$ -$ -$ -$
5440 EMS Expense -$ -$ -$ -$ -$
5450 Dispatch Expense -$ -$ -$ -$ -$
5460 Election Expense -$ -$ -$ -$ -$
5470 Trash Collection -$ -$ -$ -$ -$
5480 Contracted Services 15,530.00$ 6,000.00$ 15,530.00$ 15,530.00$ 15,530.00$
5520 Telephone & Utilities -$ -$ -$ -$ -$
5530 Travel -$ -$ -$ -$ -$
5540 Water Testing -$ -$ -$ -$ -$
5550 Water Purchases -$ -$ -$ -$ -$
5560 Sewer Management Fees -$ -$ -$ -$ -$
6110 Capital Expenditure -$ -$ -$ -$ -$
6140 Capital Expenditure - Equip -$ -$ -$ -$ -$
6160 Capital Expenditure - Vehicle -$ -$ -$ -$ -$
6175 1999 Bond Payment -$ -$ -$ -$ -$
6180 2001 Bond Payment -$ -$ -$ -$ -$
6185 1996 Bond Payment -$ -$ -$ -$ -$
6190 1998 Bond Payment -$ -$ -$ -$ -$
6200 Bond Administrative Fees -$ -$ -$ -$ -$
Totals 57,755.00$ 6,825.00$ 77,155.00$ 21,855.00$ 21,855.00$
General Fund (Parks)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5110 Salaries & Wages
5115 Salaries - Overtime
5125 Salaries - Accrued Leave
5140 Salaries - Longevity Pay
5145 Social Security Expense
5150 Medicare Expense
5155 SUTA Expense
5160 Health/Dental Expense
5175 Liability (TML)
5180 TMRS Expense
5185 Short/Long Term Disability
5190 Contract Labor 21,240.00$
5210 Supplies 1,500.00$ 675.00$ 3,250.00$ 2,250.00$ 2,250.00$
5230 Dues Schools Subscriptions 965.00$ 965.00$ 965.00$
5240 Postage and Delivery 3,000.00$ 2,500.00$ 2,500.00$
5250 Publications 501.95$ 501.95$ 501.95$
5270 Bank Charges
5280 Printing and Reproduction 2,400.00$ 1,400.00$ 4,850.00$ 4,175.00$ 4,175.00$
5290 Miscellaneous Expense
5310 Rental Expense
5320 Repairs & Mantenance
5350 Vehice Expense
5410 Professional Services 500.00$ 120.00$ 6,700.00$ 1,400.00$ 1,400.00$
5430 Legal Fees
5460 Election Expense
5480 Contracted Services
5520 Telephone & Utilities
5530 Travel 1,005.00$ 1,005.00$ 1,005.00$
6110 Capital Expenditure
6140 Capital Expenditure - Equip 540.00$ 540.00$ 540.00$
6160 Capital Expenditure - Vehicle
Totals 4,400.00$ 2,195.00$ 42,051.95$ 13,336.95$ 13,336.95$
Summary of Expenditures
General Fund (Communications)
Town of Prosper
FY 2004-2005 Town Budget
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
4000 Water/Sewer Initiation Fee -$ -$ -$ -$ -$
4005 Water/Sewer/Sanitation -$ -$ -$ -$ -$
4010 Tap/Meter Fees -$ -$ -$ -$ -$
4015 Impact Fees - Water -$ -$ -$ -$ -$
4020 Impact Fees - Sewer -$ -$ -$ -$ -$
4030 Miscellaneous -$ -$ -$ -$ -$
4035 3% Construction Insp Fee -$ -$ -$ -$ -$
4040 Impact Fees - Thoroughfares -$ -$ -$ -$ -$
4045 Park Fees - Dedication -$ -$ -$ -$ -$
4055 Transfer In - Park Fees -$ -$ -$ -$ -$
4100 Atty Fees - Taxes -$ -$ -$ -$ -$
4105 Property Taxes - Delinquent -$ -$ -$ -$ -$
4110 Property Taxes - Current -$ -$ -$ -$ -$
4115 Taxes - Penalties -$ -$ -$ -$ -$
4120 Sales Tax -$ -$ -$ -$ -$
4140 Franchies Fee - Electric -$ -$ -$ -$ -$
4150 Franchies Fee - Telephone -$ -$ -$ -$ -$
4160 Franchise Fee - Gas -$ -$ -$ -$ -$
4180 Franchise Fee - Other -$ -$ -$ -$ -$
4210 Building Permits 326,328.00$ 228,838.65$ 247,145.00$ 247,145.00$ 247,145.00$
4215 Annexation Fees -$ -$ -$ -$ -$
4220 Zoning Fees -$ -$ -$ -$ -$
4225 Plat Fees -$ -$ -$ -$ -$
4230 Other Permits 1,500.00$ 266.66$ 5,000.00$ 5,000.00$ 5,000.00$
4310 Charges for Services -$ -$ -$ -$ -$
4410 Fines -$ -$ -$ -$ -$
4425 Collin County Fire Assoc -$ -$ -$ -$ -$
4440 Accident Reports -$ -$ -$ -$ -$
4510 Grants -$ -$ -$ -$ -$
4530 Contributions -$ -$ -$ -$ -$
4610 Interest Income -$ -$ -$ -$ -$
4910 Other Revenue -$ -$ -$ -$ -$
4915 Escrow -$ -$ -$ -$ -$
Totals 327,828.00$ 229,105.31$ 252,145.00$ 252,145.00$ 252,145.00$
General Fund (Building Inspections)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5110 Salaries & Wages 39,000.00$ 40,665.31$ 102,533.81$ 102,533.81$ 102,533.81$
5115 Salaries - Overtime 2,500.00$ -$ 2,743.07$ 2,743.07$ 2,743.07$
5125 Salaries - Accrued Leave -$ -$ -$ -$ -$
5140 Salaries - Longevity Pay 300.00$ 550.00$ 375.00$ 375.00$ 375.00$
5145 Social Security Expense 2,220.00$ 2,239.92$ 6,527.16$ 6,527.16$ 6,527.16$
5150 Medicare Expense 519.00$ 456.30$ 1,526.51$ 1,526.51$ 1,526.51$
5155 SUTA Expense 63.00$ 359.30$ 517.50$ 517.50$ 517.50$
5160 Health/Dental Expense 4,500.00$ 3,168.75$ 10,289.00$ 10,289.00$ 10,289.00$
5180 TMRS Expense 900.00$ 874.83$ 5,729.69$ 5,729.69$ 5,729.69$
5185 Short/Long Term Disability 457.00$ 348.62$ 1,412.40$ 1,412.40$ 1,412.40$
5190 Contract Labor -$ -$ 2,000.00$ 2,000.00$ 2,000.00$
5205 Contribution Expenses -$ -$ -$ -$ -$
5210 Supplies 4,450.00$ 3,292.60$ 5,151.00$ 5,151.00$ 5,151.00$
5230 Dues Schools Subscriptions 5,000.00$ 1,500.00$ 5,017.45$ 5,017.45$ 5,017.45$
5240 Postage and Delivery 500.00$ 500.00$ 500.00$ 500.00$ 500.00$
5250 Publications -$ 343.99$ 100.00$ 100.00$ 100.00$
5270 Bank Charges -$ -$ -$ -$ -$
5280 Printing and Reproduction 500.00$ -$ 3,259.61$ 3,259.61$ 3,259.61$
5290 Miscellaneous Expense 500.00$ 500.00$ 1,022.00$ 1,022.00$ 1,022.00$
5310 Rental Expense -$ -$ -$ -$ -$
5320 Repairs & Mantenance 1,500.00$ 500.00$ 1,500.00$ 1,500.00$ 1,500.00$
5350 Vehice Expense 1,500.00$ 753.88$ 6,359.92$ 6,359.92$ 6,359.92$
5410 Professional Services 35.00$ -$ 1,500.00$ 1,500.00$ 1,500.00$
5420 Municipal Court/Judge Fees -$ -$ -$ -$ -$
5425 State Fines Expense -$ -$ -$ -$ -$
5430 Legal Fees 4,750.00$ 426.36$ 3,500.00$ 3,500.00$ 3,500.00$
5440 EMS Expense -$ -$ -$ -$ -$
5450 Dispatch Expense -$ -$ -$ -$ -$
5460 Election Expense -$ -$ -$ -$ -$
5470 Trash Collection -$ -$ -$ -$ -$
5480 Contracted Services -$ -$ -$ -$ -$
5520 Telephone & Utilities 2,500.00$ 2,820.92$ 4,620.92$ 4,620.92$ 4,620.92$
5530 Travel -$ -$ 1,522.28$ 1,522.28$ 1,522.28$
5540 Water Testing -$ -$ -$ -$ -$
5550 Water Purchases -$ -$ -$ -$ -$
5560 Sewer Management Fees -$ -$ -$ -$ -$
6110 Capital Expenditure -$ -$ 1,925.00$ 1,925.00$ 1,925.00$
6140 Capital Expenditure - Equip 504.95$ -$ 3,941.21$ 3,941.21$ 3,941.21$
6160 Capital Expenditure - Vehicle -$ -$ 15,450.00$ 15,450.00$ 15,450.00$
6175 1999 Bond Payment -$ -$ -$ -$ -$
6180 2001 Bond Payment -$ -$ -$ -$ -$
6185 1996 Bond Payment -$ -$ -$ -$ -$
6190 1998 Bond Payment -$ -$ -$ -$ -$
6200 Bond Administrtaive Fees -$ -$ -$ -$ -$
Totals 72,198.95$ 59,300.78$ 189,023.53$ 189,023.53$ 189,023.53$
General Fund (Building Inspections)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
4000 Water/Sewer Initiation Fee -$ -$ -$ -$ -$
4005 Water/Sewer/Sanitation -$ -$ -$ -$ -$
4010 Tap/Meter Fees -$ -$ -$ -$ -$
4015 Impact Fees - Water -$ -$ -$ -$ -$
4020 Impact Fees - Sewer -$ -$ -$ -$ -$
4030 Miscellaneous -$ -$ -$ -$ -$
4035 3% Construction Insp Fee -$ -$ -$ -$ -$
4040 Impact Fees - Thoroughfares -$ -$ -$ -$ -$
4045 Park Fees - Dedication -$ -$ -$ -$ -$
4055 Transfer In - Park Fees -$ -$ -$ -$ -$
4100 Atty Fees - Taxes -$ -$ -$ -$ -$
4105 Property Taxes - Delinquent -$ -$ -$ -$ -$
4110 Property Taxes - Current -$ -$ -$ -$ -$
4115 Taxes - Penalties -$ -$ -$ -$ -$
4120 Sales Tax -$ -$ -$ -$ -$
4140 Franchies Fee - Electric -$ -$ -$ -$ -$
4150 Franchies Fee - Telephone -$ -$ -$ -$ -$
4160 Franchise Fee - Gas -$ -$ -$ -$ -$
4180 Franchise Fee - Other -$ -$ -$ -$ -$
4210 Building Permits -$ -$ -$ -$ -$
4215 Annexation Fees -$ -$ -$ -$ -$
4220 Zoning Fees 8,760.00$ 19,736.71$ 26,700.00$ 26,700.00$ 26,700.00$
4225 Plat Fees 10,450.00$ 35,240.15$ 39,350.00$ 39,350.00$ 39,350.00$
4230 Other Permits -$ -$ -$ -$ -$
4310 Charges for Services -$ -$ -$ -$ -$
4410 Fines -$ -$ -$ -$ -$
4425 Collin County Fire Assoc -$ -$ -$ -$ -$
4440 Accident Reports -$ -$ -$ -$ -$
4510 Grants -$ -$ -$ -$ -$
4530 Contributions -$ -$ -$ -$ -$
4610 Interest Income -$ -$ -$ -$ -$
4910 Other Revenue -$ -$ -$ -$ -$
4915 Escrow -$ -$ -$ -$ -$
Totals 19,210.00$ 54,976.86$ 66,050.00$ 66,050.00$ 66,050.00$
General Fund (Planning)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5110 Salaries & Wages 61,000.00$ 61,000.00$ 115,112.00$ 79,112.00$ 79,112.00$
5115 Salaries - Overtime -$ -$ -$ -$ -$
5125 Salaries - Accrued Leave -$ -$ 4,427.39$ -$ -$
5140 Salaries - Longevity Pay 300.00$ 300.00$ 475.00$ 425.00$ 425.00$
5145 Social Security Expense 3,782.00$ 3,782.00$ 7,136.94$ 4,904.94$ 4,904.94$
5150 Medicare Expense 884.50$ 884.50$ 1,669.12$ 1,147.12$ 1,147.12$
5155 SUTA Expense 63.00$ 207.00$ 517.50$ 310.50$ 310.50$
5160 Health/Dental Expense 4,500.00$ 2,419.19$ 10,287.90$ 6,172.74$ 6,172.74$
5175 Liability (TML) -$ -$ -$ -$ -$
5180 TMRS Expense 1,534.16$ 1,534.16$ 6,264.97$ 4,305.67$ 4,305.67$
5185 Short/Long Term Disability 211.00$ 355.13$ 1,544.35$ 1,061.37$ 1,061.37$
5190 Contract Labor -$ 1,500.00$ 6,060.00$ 910.00$ 910.00$
5205 Contribution Expenses -$ -$ -$ -$ -$
5210 Supplies 3,536.00$ 3,000.00$ 1,625.00$ 1,625.00$ 1,625.00$
5230 Dues Schools Subscriptions 1,897.00$ 1,617.00$ 2,710.00$ 2,710.00$ 2,710.00$
5240 Postage and Delivery 500.00$ 74.00$ 222.00$ 222.00$ 222.00$
5250 Publications -$ -$ -$ -$ -$
5270 Bank Charges -$ -$ -$ -$ -$
5280 Printing and Reproduction 800.00$ 2,344.16$ 800.00$ 800.00$ 800.00$
5290 Miscellaneous Expense -$ -$ -$ -$ -$
5310 Rental Expense 4,500.00$ 9,858.76$ -$ -$ -$
5320 Repairs & Maintenance -$ -$ -$ -$ -$
5350 Vehicle Expense -$ -$ 3,600.00$ -$ -$
5410 Professional Services -$ -$ -$ -$ -$
5420 Municipal Court/Judge Fees -$ -$ -$ -$ -$
5425 State Fines Expense -$ -$ -$ -$ -$
5430 Legal Fees 4,750.00$ -$ 20,000.00$ 20,000.00$ 20,000.00$
5440 EMS Expense -$ -$ -$ -$ -$
5450 Dispatch Expense -$ -$ -$ -$ -$
5460 Election Expense -$ -$ -$ -$ -$
5470 Trash Collection -$ -$ -$ -$ -$
5480 Contracted Services -$ -$ -$ -$ -$
5520 Telephone & Utilities 2,000.00$ 3,890.12$ 3,860.00$ 3,860.00$ 3,860.00$
5530 Travel 1,330.00$ 1,000.00$ 1,680.00$ 1,680.00$ 1,680.00$
5540 Water Testing -$ -$ -$ -$ -$
5550 Water Purchases -$ -$ -$ -$ -$
5560 Sewer Management Fees -$ -$ -$ -$ -$
6110 Capital Expenditure -$ -$ -$ -$ -$
6140 Capital Expenditure - Equip -$ -$ 8,290.00$ 8,540.00$ 8,540.00$
6160 Capital Expenditure - Vehicle -$ -$ -$ -$ -$
6175 1999 Bond Payment -$ -$ -$ -$ -$
6180 2001 Bond Payment -$ -$ -$ -$ -$
6185 1996 Bond Payment -$ -$ -$ -$ -$
6190 1998 Bond Payment -$ -$ -$ -$ -$
6200 Bond Administrative Fees -$ -$ -$ -$ -$
Totals 91,587.66$ 93,766.02$ 196,282.17$ 137,786.34$ 137,786.34$
General Fund (Planning)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
FY 2004-2005
Annual Budget
Water and Sewer Fund
Town Of Prosper
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
Beginning Balance 965,576.89$ 1,154,199.00$ 911,481.01$ 911,481.01$ 911,481.01$
4000 Water/Sewer Initiation Fee 10,010.00$ 13,124.48$ 14,174.44$ 14,174.44$ 14,174.44$
4005 Water/Sewer/Sanitation 1,053,000.00$ 1,283,700.00$ 1,386,396.00$ 1,386,396.00$ 1,386,396.00$
4010 Tap/Meter Fees 228,200.00$ 185,789.33$ 227,808.00$ 227,808.00$ 227,808.00$
4030 Miscellaneous 500.00$ 750.00$ 500.00$ 500.00$ 500.00$
4060 NSF Fees -$ 325.00$ 375.00$ 375.00$ 375.00$
4610 Interest Income 15,000.00$ 9,917.00$ 10,800.00$ 10,800.00$ 10,800.00$
Subtotal 1,306,710.00$ 1,493,605.81$ 1,640,053.44$ 1,640,053.44$ 1,640,053.44$
Totals 2,272,286.89$ 2,647,804.81$ 2,551,534.45$ 2,551,534.45$ 2,551,534.45$
Water and Sewer Fund
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5110 Salaries & Wages 103,460.48$ 94,395.68$ 153,283.25$ 153,283.25$ 153,283.25$
5115 Salaries - Overtime 5,000.00$ 3,782.63$ 8,028.32$ 8,028.32$ 8,028.32$
5125 Salaries - Accrued Leave 829.00$ 829.00$
5140 Salaries - Longevity Pay 2,100.00$ 1,500.00$ 2,625.00$ 2,625.00$ 2,625.00$
5145 Social Security Expense 6,302.00$ 6,710.00$ 10,001.33$ 10,001.33$ 10,001.33$
5150 Medicare Expense 1,474.00$ 1,402.39$ 2,339.02$ 2,339.02$ 2,339.02$
5155 SUTA Expense 252.00$ 828.00$ 1,035.00$ 1,035.00$ 1,035.00$
5160 Health/Dental Expense 18,000.00$ 18,227.59$ 20,575.80$ 20,575.80$ 20,575.80$
5180 TMRS Expense 2,572.00$ 2,531.02$ 8,779.39$ 8,779.39$ 8,779.39$
5185 Short/Long Term Disability 1,473.00$ 985.00$ 2,164.16$ 2,164.16$ 2,164.16$
5190 Contract Labor 5,000.00$ 7,680.00$
5210 Supplies 60,000.00$ 86,702.16$ 41,832.15$ 41,832.15$ 41,832.15$
5230 Dues Schools Subscriptions 5,000.00$ 1,160.00$ 2,800.00$ 2,800.00$ 2,800.00$
5240 Postage and Delivery 3,187.00$ 3,596.75$ 4,500.00$ 4,500.00$ 4,500.00$
5270 Bank Charges 160.00$ 54.13$ -$ -$ -$
5280 Printing and Reproduction 600.00$ 43.09$ 650.00$ 650.00$ 650.00$
5290 Miscellaneous Expense 2,000.00$ 2,000.00$ 2,000.00$ 2,000.00$ 2,000.00$
5320 Repairs & Mantenance 92,088.00$ 60,400.00$ 113,859.61$ 113,859.61$ 113,859.61$
5350 Vehice Expense -$ 5,840.00$ 8,533.72$ 8,533.72$ 8,533.72$
5410 Professional Services 280,000.00$ 196,381.00$ 201,600.00$ 201,600.00$ 201,600.00$
5430 Legal Fees 169,532.00$ 102,236.16$ 130,000.00$ 130,000.00$ 130,000.00$
5470 Trash Collection 144,000.00$ 36,714.43$ 187,920.00$ 187,920.00$ 187,920.00$
5480 Contracted Services -$ 1,110.66$ 1,221.73$ 1,221.73$ 1,221.73$
5520 Telephone & Utilities 170,000.00$ 166,338.45$ 166,650.00$ 166,650.00$ 166,650.00$
5530 Travel -$ -$ 725.00$ 725.00$ 725.00$
5540 Water Testing 12,000.00$ 6,582.35$ 8,334.27$ 8,334.27$ 8,334.27$
5550 Water Purchases 467,500.00$ 116,875.00$ 484,000.00$ 484,000.00$ 484,000.00$
5560 Sewer Management Fees 80,000.00$ 137,965.00$ 310,000.00$ 310,000.00$ 310,000.00$
6110 Capital Expenditure -$ 269,901.50$ 124,125.00$ 124,125.00$ 124,125.00$
6140 Capital Expenditure - Equip 40,000.00$ 40,000.00$ 73,700.00$ 73,700.00$ 73,700.00$
6160 Capital Expenditure - Vehicle 15,800.00$ 15,755.00$ 15,000.00$ 15,000.00$ 15,000.00$
6175 1999 Bond Payment 17,414.52$ 17,414.52$ 17,414.52$ 17,414.52$ 17,414.52$
6180 2001 Bond Payment 58,270.49$ 58,270.49$ 67,592.50$ 67,592.50$ 67,592.50$
Subtotals 1,764,014.49$ 1,464,212.00$ 2,171,289.77$ 2,171,289.77$ 2,171,289.77$
60 Day Reserves 286,225.95$ 286,225.00$ 361,954.00$ 361,954.00$ 361,954.00$
Totals 2,050,240.44$ 1,750,437.00$ 2,533,243.77$ 2,533,243.77$ 2,533,243.77$
Water and Sewer Fund
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
Town of Prosper
FY 2004-2005
Prosper Economic
Development Corporation
Budget
August 31, 2004
Town of Prosper
113 W. Broadway Street
Prosper, Texas 75078
(972) 346-2640
www.prospertx.gov
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
Beginning Balance 255,000.00$ 266,000.00$ 325,000.00$ 325,000.00$ 325,000.00$
4120 Sales Tax 200,000.00$ 259,426.00$ 276,331.00$ 276,331.00$ 276,331.00$
Totals 455,000.00$ 525,426.00$ 601,331.00$ 601,331.00$ 601,331.00$
SUMMARY OF REVENUES
Economic Development Corporation (EDC) Fund
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5110 Salaries & Wages 80,050.00$ -$ 87,440.00$ 87,440.00$ 87,440.00$
5115 Salaries - Overtime -$ -$ -$ -$ -$
5125 Salaries - Accrued Leave -$ -$ -$ -$ -$
5140 Salaries - Longevity Pay -$ -$ 50.00$ 50.00$ 50.00$
5145 Social Security Expense -$ -$ 4,776.48$ 4,776.48$ 4,776.48$
5150 Medicare Expense -$ -$ 1,117.08$ 1,117.08$ 1,117.08$
5155 SUTA Expense -$ -$ 414.00$ 414.00$ 414.00$
5160 Health/Dental Expense -$ -$ 4,115.16$ 4,115.16$ 4,115.16$
5180 TMRS Expense -$ -$ 2,721.25$ 2,721.25$ 2,721.25$
5185 Short/Long Term Disability -$ -$ 670.80$ 670.80$ 670.80$
5190 Contract Labor -$ -$ 910.00$ 910.00$ 910.00$
5210 Supplies 2,000.00$ -$ 2,198.74$ 2,198.74$ 2,198.74$
5230 Dues Schools Subscriptions 1,250.00$ -$ 1,200.00$ 1,200.00$ 1,200.00$
5240 Postage and Delivery 2,570.00$ -$ 2,000.00$ 2,000.00$ 2,000.00$
5250 Publications -$ -$ 4,085.00$ 4,085.00$ 4,085.00$
5280 Printing and Reproduction 1,500.00$ -$ 5,500.00$ 5,500.00$ 5,500.00$
5290 Miscellaneous Expense 13,550.00$ -$ 13,390.00$ 13,390.00$ 13,390.00$
5310 Rental Expense 6,427.00$ -$ -$ -$ -$
5320 Repairs & Mantenance 1,200.00$ -$ 1,200.00$ 1,200.00$ 1,200.00$
5410 Professional Services 63,200.00$ -$ 48,840.00$ 48,840.00$ 48,840.00$
5430 Legal Fees 10,500.00$ -$ 40,000.00$ 40,000.00$ 40,000.00$
5480 Contracted Services 10,000.00$ -$ -$ -$ -$
5520 Telephone & Utilities 6,990.00$ -$ 3,900.00$ 3,900.00$ 3,900.00$
5530 Travel 750.00$ -$ 2,075.00$ 2,075.00$ 2,075.00$
6140 Capital Expenditures - Equip -$ -$ 5,250.00$ 5,250.00$ 5,250.00$
Totals 199,987.00$ -$ 231,853.51$ 231,853.51$ 231,853.51$
Economic Development Corporation (EDC) Fund
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
FY 2004-2005
Annual Budget
Capital Projects Fund
Town Of Prosper
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
Beginning Balance 10,500,000.00$ 10,500,000.00$ 10,147,175.00$ 10,147,175.00$ 10,147,175.00$
4610 Interest Income 57,175.00$ 57,175.00$ 140,000.00$ 140,000.00$ 140,000.00$
Totals 10,557,175.00$ 10,557,175.00$ 10,287,175.00$ 10,287,175.00$ 10,287,175.00$
Capital Projects Fund
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5410 Professional Services -$ -$ 97,300.00$ 97,300.00$ 97,300.00$
6110 Capital Expenditure -$ 400,000.00$ 6,497,000.00$ 6,497,000.00$ 6,497,000.00$
Transfer of Interest Income -$ -$ 140,000.00$ 140,000.00$ 140,000.00$
Totals -$ 400,000.00$ 6,594,300.00$ 6,594,300.00$ 6,594,300.00$
Capital Projects Fund
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
FY 2004-2005
Annual Budget
Special Revenues Fund
Town Of Prosper
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
4410 Fines 102,300.00$ 98,000.00$ 55,000.00$ 105,000.00$ 105,000.00$
4610 Interest Income 136.00$ 136.00$ 150.00$ 150.00$ 150.00$
Totals 102,436.00$ 98,136.00$ 55,150.00$ 105,150.00$ 105,150.00$
Special Revenues Fund (State Fines)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5310 Rental Expense -$ -$ 9,000.00$ 9,000.00$ 9,000.00$
5420 Municipal Court/Judge Fees 6,000.00$ 6,000.00$ 9,500.00$ 9,500.00$ 9,500.00$
5425 State Fines Expense 19,760.00$ 38,150.00$ 66,000.00$ 66,000.00$ 66,000.00$
Totals 25,760.00$ 44,150.00$ 84,500.00$ 84,500.00$ 84,500.00$
Special Revenues Fund (State Fines)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
Beginning Balance -$ -$ 16,473.00$ 16,473.00$ 16,473.00$
4045 Park Fees - Dedication 48,595.00$ 16,473.00$ 232,043.00$ 232,043.00$ 232,043.00$
4610 Interest Income -$ -$ -$ -$ -$
Totals 48,595.00$ 16,473.00$ 248,516.00$ 248,516.00$ 248,516.00$
Special Revenues Fund (Park Dedication Fees)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5410 Professional Services -$ -$ 55,000.00$ 55,000.00$ 55,000.00$
6110 Capital Expenditure -$ -$ -$ -$ -$
Totals -$ -$ 55,000.00$ 55,000.00$ 55,000.00$
Special Revenues Fund (Park Dedication Fees)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
Beginning Balance $ -$ 5,000.00$ 5,000.00$ 5,000.00$
Park Fees - Improvements -$ 5,000.00$ 363,000.00$ 363,000.00$ 363,000.00$
4610 Interest Income -$ -$ -$ -$ -$
Totals -$ 5,000.00$ 368,000.00$ 368,000.00$ 368,000.00$
Special Revenues Fund (Park Improvement Fees)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5410 Professional Services -$ -$ -$ -$ -$
6110 Capital Expenditure -$ -$ -$ -$ -$
Totals -$ -$ -$ -$ -$
Special Revenues Fund (Park Improvement Fees)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
Beginning Balance -$ -$ 150,666.00$ 150,666.00$ 150,666.00$
4020 Impact Fees - Sewer 162,564.00$ 150,666.00$ 114,080.00$ 114,080.00$ 114,080.00$
4610 Interest Income -$ -$ -$ -$ -$
Totals 162,564.00$ 150,666.00$ 264,746.00$ 264,746.00$ 264,746.00$
Special Revenues Fund (Sewer Impact Fees)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5410 Professional Services -$ -$ 10,000.00$ 10,000.00$ 10,000.00$
6110 Capital Expenditure -$ -$ 171,313.75$ 171,313.75$ 171,313.75$
Totals -$ -$ 181,313.75$ 181,313.75$ 181,313.75$
Special Revenues Fund (Sewer Impact Fees)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
Beginning Balance -$ -$ 25,000.00$ 25,000.00$ 25,000.00$
4040 Impact Fees - Thoroughfares 82,390.00$ 255,000.00$ 134,240.00$ 134,240.00$ 134,240.00$
4610 Interest Income -$ -$ -$ -$ -$
Totals 82,390.00$ 255,000.00$ 159,240.00$ 159,240.00$ 159,240.00$
Special Revenues Fund (Thoroughfare Impact Fees)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5410 Professional Services -$ -$ 10,000.00$ 10,000.00$ 10,000.00$
6110 Capital Expenditure -$ -$ -$ -$ -$
Totals -$ -$ 10,000.00$ 10,000.00$ 10,000.00$
Special Revenues Fund (Thoroughfare Impact Fees)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
Beginning Balance -$ -$ 189,957.00$ 189,957.00$ 189,957.00$
4015 Impact Fees - Water 234,108.00$ 189,957.00$ 132,160.00$ 132,160.00$ 132,160.00$
4610 Interest Income -$ -$ -$ -$ -$
Totals 234,108.00$ 189,957.00$ 322,117.00$ 322,117.00$ 322,117.00$
Special Revenues Fund (Water Impact Fees)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Revenues
Account # Account Description
FY 2003-2004
Budgeted
FY 2003-2004
Projected
FY 2004-2005
Proposed
FY 2004-2005
Recommended
FY 2004-2005
Approved
5410 Professional Services -$ -$ 10,000.00$ 10,000.00$ 10,000.00$
6110 Capital Expenditure -$ -$ -$ -$ -$
Totals -$ -$ 10,000.00$ 10,000.00$ 10,000.00$
Special Revenues Fund (Water Impact Fees)
Town of Prosper
FY 2004-2005 Town Budget
Summary of Expenditures