18-112 - OTOWN OF PROSPER, TEXAS
ORDINANCE NO. 18-112
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, AMENDING
ORDINANCE NO. 17-65 (FY 2017-2018 BUDGET) AND ALLOCATING FUNDS
TO FUND EXPENDITURES OF $600,838 IN THE TIRZ #1 FUND BUDGET;
INCREASED EXPENDITURES OF $21,242 IN THE DEBT SERVICE FUND
BUDGET; INCREASED EXPENDITURES OF $38,900 IN THE WASTEWATER
IMPACT FEE FUND; INCREASED EXPENDITURES IN THE EAST
THOROROUGHFARE IMPACT FEE FUND OF $433,821; INCREASED
EXPENDITURES OF $66,345 IN THE SPECIAL REVENUE FUND BUDGET;
INCREASED EXPENDITURES OF $788,804 IN THE WATER -SEWER FUND
BUDGET; PROVIDING FOR REPEALING, SAVINGS AND SEVERABILITY
CLAUSES; AND PROVIDING FOR AN EFFECTIVE DATE OF THIS
ORDINANCE.
WHEREAS, the Town Council of the Town of Prosper, Texas ("Town Council"), has
investigated and determined that it will be beneficial and advantageous to the residents of the
Town of Prosper, Texas ("Prosper"), to amend Ordinance No. 17-65 (FY 2017-2018 Budget) for
the purposes listed in Exhibit "A," attached hereto and incorporated herein by reference; and
WHEREAS, the changes will result in budgeted funds being reallocated among different
funds and departments and an overall net increase in the budget for funding from fund balance
in the East Thoroughfare Impact Fee fund and Special Revenue fund.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
Findinqs Incorporated. The findings set forth above are incorporated into the body of this
Ordinance as if fully set forth herein.
SECTION 2
Amendment to Ordinance No. 17-65 (FY 2017-2018 Budaet]. Ordinance No. 17-65 (FY
2017-2018 Budget) is hereby amended to allow for increases to revenues and appropriations as
shown in Exhibit "A," attached hereto and incorporated herein by reference.
SECTION 3
Savinas/Reoealina Clause. All provisions of any ordinance in conflict with this Ordinance
are hereby repealed, but such repeal shall not abate any pending prosecution for violation of the
repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any
violation if occurring prior to the repeal of the Ordinance. Any remaining portions of conflicting
ordinances shall remain in full force and effect.
SECTION 4
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. Prosper hereby declares that it would have passed this Ordinance, and each section,
subsection, sentence, clause, or phrase thereof irrespective of the fact that any one or more
sections, subsections, sentences, clauses, or phrases be declared unconstitutional or invalid.
SECTION 5
Effective Date. This Ordinance shall become effective immediately upon its passage.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, ON THIS 11TH DAY OF DECEMBER, 2018.
OF•.PRO s�,TOWN OF PROSPER, TEXAS
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Ray Smith, Mayo
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Robyn Bq�fib, Town Secreta
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
Ordinance No. 18-112, Page 2
EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2017-2018
December 11, 2018
TIRZ #1
Original
Current
Amended
Increase
Budget
Budget
Budget
(Decrease)
Total Revenues
$
1.251,956
$
1.251,956
$
1.852,794
$ 600.838
Total
$
1,261,956
$
1,251,966
$
1,852,794
$ 600,838
Total Expenditures
$
1,245,915
$
1,245,915
$
1,846,753
$ 600,838
Total
$
1,245,915
$
1,245,915
$
1.846,753
$ 600,838
Debt Service Fund
Original
Current
Amended
Increase
Budget
Budget
Budget
(Decrease)
Total Revenues
$
5,023,025
$
5.023.025
$
5,121,000
$ 97,975
Total
$
6,023,025
$
5,023,025
$
5,121,000
$ 97,975
Total Expenditures
$
4,718,308
$
4,718,308
$
4,739,550
$ 21,242
Total
$
4,718,308
$
4,718,308
$
4,739,550
$ 21,242
Wastewater Impact Fee Fund
Original
Current
Amended
Increase
Budget
Budget
Budget
(Decrease)
Total Revenues
$
610.000
$
610,000
$
982,145
$ 372,145
Total
5
610,000
$
6102000
$
982,145
$ 372,145
Total Expenditures
$
519,555
$
705.825
$
744.725
$ 38.900
Total
$
5192555
$
705,825
$
744,725
5 38,900
East Thoroughfare Impact Fee Fund
Original
Current
Amended
Increase
Budget
Budget
Budget
(Decrease)
Total Revenues
$
2,820,000
$
2.820.000
$
2,210,620
$ (609,380)
Total
$
2,820,000
$
2,820,000
$
2,2102620
$ (609,380)
Total Expenditures
$
6,910.000
$
7.676,738
$
8,110,559
$ 433.821
Total
$
6,910,000
$
7,676,738
$
8,11%559
$ 433,821
Ordinance, Nog18-112, Page 3
EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2017-2018
December 11, 2018
Special Revenue Funds
Original
Current
Amended
Increase
Budget
Budget
Budget
(Decrease)
Total Revenues
$ 57,860
$ 57,860
$ 81,104
$ 23,244
Total $ 57,860
$ 57,860
$ 81,104
$ 23,244
Total Expenditures
$ 45,099
$ 71,618
$ 137,963
$ 66.345
Total $ 45,099
$ 71,618
$ 137,963
$ 66,345
Water -Sewer Fund
Original
Current
Amended
Increase
Budget
Budget
Budget
(Decrease)
Totai Revenues
16.768,903
16.816,392
19.576.700
2.760.308
Total $ 16,768,903
$ 16,816,392
$19,576,700
$ 2,760,308
Expenditures:
Administration
$ 3,993,280
$ 3,997,633
$ 3,997,633
$ -
Debt Service
2,973,872
2,973,872
3,117,146
143.274
Water Purchases
4,153,586
4,201,075
4,846,605
645,530
Public Works
6,895.211
7,388.058
7,388,058
-
Total $ 18,015,949
$ 18,560,638
$ 19.349,442
$ 788,804
Total Revenue
$ 3,245,130
Total Expenditures
1,949,950
Net Effect All Funds
$ 1,296,180
Ordinance, N0218-112, Page 4