Budget - FY 2026-2027FISCAL YEAR
2026 - 2027
ADOPTED
TOWN OF PROSPER, TX
ANNUAL BUDGET
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Town of Prosper, TX
ADOPTED BUDGET
For Fiscal Year Ended 2026-2027
This budget will raise more revenue from property taxes than
last year’s budget by an amount of $2,741,789, which is a 5.11
percent increase from last year’s budget. The property tax
revenue to be raised from new property added to the tax roll
this year is $3,066,568.
The members of the governing body voted on the budget as follows:
FOR: David F. Bristol, Mayor; Amy Bartley, Mayor Pro-Tem; Chirs Kern, Deputy Mayor Pro-Tem;
Marcus E. Ray, Councilmember; Craig Andres, Councilmember; Doug Charles, Councilmember;
Cameron Reeves, Councilmember
AGAINST:
PRESENT and not voting:
ABSENT:
Property Tax Rate Comparison 2026-2027 2025-2026
Property Tax Rate:$0.505000/100 $0.505000/100
No-New-Revenue Tax Rate:$0.500622/100 $0.482348/100
No-New-Revenue Maintenance & Operations Tax Rate:$0.324576/100 $0.311164/100
Voter-Approval Tax Rate:$0.509936/100 $0.505000/100
Debt Rate:$0.174000/100 $0.182946/100
Total debt obligation for Town of Prosper secured by property taxes: $228,826,920.
HB 1495: Lobby Reporting/Budgeting
The 86th Legislature passed HB 1495 to increase the transparency of local government lobbying. In
accordance with Section 104.0045 of the Texas Local Government Code as amended by HB 1495 –
Itemization of Certain Expenditures Required in Certain Political Subdivision Budgets - expense line items
for public notices and lobbying efforts are provided below:
Adopted
FY2025-2026
Amended
FY2025-2026
Estimated
FY2025-2026
Adopted
FY2026-2027
Lobbying Services $ 48,000 $ 48,000 $ 48,000 $ 48,000
Legal Public Notices $ 23,050 $ 23,050 $ 10,642 $ 21,050
FISCAL YEAR 2026 – 2027
Adopted Version
October 1, 2026 – September 30, 2027
Prepared By:
Chris Landrum, Finance Director
Colin Ashby, Budget Officer & Grants Administrator
Larenz Taylor, Management Analyst
Adopted by the Town Council on September 8, 2026
David F. Bristol, Mayor
Amy Bartley, Mayor Pro-Tem
Chris Kern, Deputy Mayor Pro-Tem
Marcus E. Ray, Council Member
Craig Andres, Council Member
Doug Charles, Council Member
Cameron Reeves, Council Member
“Prosper is a place where everyone matters.”
6 Town of Prosper, TX | Adopted Budget | 2026-2027
Town CouncilTown Council
Mayor
David F. Bristol
Term: May 2028
Council Member Place 3
Mayor Pro-Tem
Amy Bartley
Term: May 2029
Council Member Place 1
Marcus E. Ray
Term: May 2028
Council Member Place 5
Doug Charles
Term: May 2029
Council Member Place 4
Deputy Mayor Pro-Tem
Chris Kern
Term: May 2028
Council Member Place 2
Craig Andres
Term: May 2027
Council Member Place 6
Cameron Reeves
Term: May 2027
The Mayor and each of the six (6) Council
Member places are elected at large according
to the Town Charter.
Town of Pros-per, TX | 2026-2027
TABLE OF CONTENTS
INTRODUCTION
Budget Message 11
Reporting Entity Profile 21
Demographics 22
Prosper on the map 23
Budget Process 24
Summary of Financial Policies 26
Budget Calendar 29
Basis of Accounting/Budgeting 30
Fund Structure Overview 32
Consolidated Fund Summaries 33
Strategic Planning Process 36
Organization Chart 37
Authorized Positions 38
Combined Graphs 39
Property Tax Distribution 40
Property Valuation & AV Taxes 41
Tax Levy Analysis 42
Analysis of Assessed Valuation 43
Taxable Values by Type 44
Sales Tax 45
Impact Fee Revenues 46
Water and Wastewater Revenues 47
GENERAL FUND
Fund Description 51
Fund Balance 52
Fund Revenues 53
Fund Appropriations 54
Fund Summary Table 55
Fund Overview Chart 56
UTILITY FUNDS
Funds Description 109
Funds Revenue 110
Fund Appropriations 111
Water & Wastewater Net Assets 112
Water & Wastewater Summary 113
Water & Wastewater Overview Chart 114
DEBT SERVICE FUND
Fund Description 132
Fund Summary Table 133
Debt Margin Projections 134
Debt Issuance Details 135
Outstanding Principal on Debt 139
Principal and Interest Debt Schedule 140
OTHER FUNDS
Other Funds Revenue 143
TIRZ #1 144
TIRZ #2 146
TIRZ #2 148
Crime Control and Prevention District Fund 149
Fire Control, Prevention, and Emergency
Medical Services Fund 151
Parks Fund 153
Impact Fee Fund Description 155
Water Impact Fee Fund 156
Wastewater Impact Fee Fund 157
East Thoroughfare Impact Fee Fund 158
West Thoroughfare Impact Fee Fund 159
Hotel Occupancy Tax Fund 160
Special Revenue Fund 162
Vehicle and Equipment Replacement Fund
(VERF) Description 164
VERF Replacements 165
Health Insurance Trust Fund Description 167
Health Insurance Fund Summary 168
CAPITAL PROJECT FUNDS
Funds Description 171
Governmental Capital Projects 172
Enterprise Capital Projects 174
Town of Pros-per, TX | 2026-2027
TABLE OF CONTENTS
MULTI-YEAR CAPITAL PLAN
Five-Year Capital Improvement Program (CIP) 179
APPENDIX
Supplemental Descriptions 193
Package Summaries 194
Financial Policies 197
Charter Article VII 198
Financial Management Policy 203
Debt Management Policy 211
Post Debt Issuance Policy 219
Town Staff and Consultants 222
Tax Rate Calculation Sheet 223
Glossary 235
2026-2027
Introduction
TOWN OF PROSPER, TX
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10 Town of Prosper, TX | Adopted Budget | 2026-2027
11Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONA Place Where Everyone Matters
September 8, 2026
To The Honorable Mayor and Town Council
Re: The FY 2026-2027 Adopted Budget
In accordance with the Town Charter and the State of Texas statutes governing home rule municipalities,
please accept this letter as my budget transmittal and executive summary of the Adopted Annual Budget
for the operating, capital and debt service funds of the Town. The Town’s Adopted Budget is developed
through an extensive process of reviewing requests received by various Town departments and then
prioritizing those requests in a manner that utilizes resources effectively, within fiscal constraints, while
working to achieve the Town Council’s strategic vision. As prepared and submitted, the Adopted Budget
is intended to:
●Serve as an operating and fiscal plan for the new fiscal year,
●Provide a basis of accountability to the taxpayers for the investment of their tax dollars,
●Serve as a basis for measuring the performance for those individuals charged with the management
of the Town’s operations; and
●Demonstrate compliance with financial related policies passed by the Town Council.
The annual operating, capital and debt service funds budgets combined with the multi-year capital plan
contained herein represent the single most important management tool of the governing body and the staff.
Budget Overview
This budget was prepared based on the Town Council Strategic Vision adopted in May 2025
1. Provide Excellent Municipal Services.
2. Accelerate Infrastructure Delivery.
3. Develop Downtown as a Destination.
4. Ensure the Town’s Commercial Corridors are Ready for Development.
5. Grow and Diversify the Tax Base.
Excellence in municipal services begins with public safety. Construction on a fourth fire station was
completed with the goal of reducing response times. Benchmarking of public safety staffing levels
compared to our surrounding cities show ample staffing levels. While quality of life starts with public
safety, it cannot stop there, and the current budget includes the operating costs to service Raymond
Community Park, due to be fully open this Fall. The Town is also completing a Public Works and Parks
Operations Service Center to consolidate all personnel in a single location with the goal of improving the
efficiency and effectiveness of operations.
12 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONConstructing sufficient infrastructure to support the Town’s rapid growth is a top priority. In the first six years
of the original ten-year $210 million November 2020 bond program 94% of the authorized bonds will have
been issued with $12.2 million of authorized but unissued bonds remaining. A 2025 bond election which
included propositions for infrastructure, a library, various park improvements, and other critical facilities
was held in November 2025. Propositions for Streets and Downtown Improvements were approved by
the voters for a total of $95.1 million in additional authorized bond funding.
Regarding the development of Downtown Prosper as a destination, the Downtown Advisory Committee
has been actively programming Town funding for improved aesthetics and walkability. A new Downtown
Plaza was completed in late 2025, and the first phase of the Downtown Monumentation project will be
completed this summer. A new surface parking lot and additional street parking will create 47 new parking
spaces in Downtown, and plans are underway to conduct a Small Area Plan for Downtown to establish a
vision for the next phase of development. Downtown events continue to draw people to the area, including
events related to Prosper’s America 250 Celebration, and the annual Christmas Festival. Additional plans
to activate the Downtown Plaza are underway to continue to establish Downtown Prosper as a destination.
For readying commercial corridors, the Town has been in the process of creating a Unified Development
Code to guide development over the next several years. A consultant was hired to fully realize the vision
along the Dallas North Tollway Corridor. Both of these Plans have been adopted by Council in FY 2025-2026
to guide Infrastructure, including roads, water lines, and wastewater lines. Supporting this corridor and
others continue to be a major emphasis.
Regarding a diversified tax base, this element of the vision is supported by the other four and the Town
is quickly transitioning from simply a bedroom community by adding a growing commercial base that
includes two hospitals, a significant and growing retail base that includes the most prominent national
chains, car dealerships and one hotel opened in 2026 with 4 more planned.
Despite the Town’s current and future growth potential and general optimism, this budget has been
prepared with conservative revenue assumptions in mind and budget challenges related to the Town’s
rapid growth continue.
Budget in Brief
Total FY 2026-2027 Adopted Budget Operating Appropriations $139,179,150 including:
●$72,292,656 for General Fund operations and maintenance,
●$3,775,144 for the Crime Control and Prevention Special Purpose District,
●$3,745,070 for the Fire Control, and Emergency Medical Services Special Purpose District,
●$59,366,280 for the Town’s Enterprise Funds including Solid Waste, Water, and Sewer utilities as well
as the Storm Drainage Utility Fund.
General Debt Service Appropriations for the coming fiscal year are $21,373,297.
Governmental Capital Projects added for the year total $74.7 million.
Value of Taxable Property and Growth
The growth in taxable value of real property corresponds to a significant increase in residential growth
and population over the past year. According to the most recent population estimates published by the
North Central Texas Council of Governments (NCTCOG), the Town of Prosper’s new population as of
January 1, 2026, was 49,355.
13Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONThe Town has 8 active residential subdivision phases with an additional 1,193 lots that are either shovel
ready, under construction, or have plans under review. The Town experienced an overall 4.8% increase in
assessed values for the 2026 tax roll with the majority of the increase (4.2%) new construction and the
remaining (0.6%) from increases in existing valuations. The Town is also seeing an 13.01% increase in
homestead property values that qualify for the over 65 and disabled persons exemption and freeze and
is expecting this trend to continue.
Property Values
Certified property valuations increased by $689,062,215 (6.4%) for FY 2026-2027. Property values increased
from $10,806,491,907 to $11,495,554,122. These totals exclude value of properties subject to the tax freeze.
Of the increase, $607,241,178, or 5.6%, resulted from new construction, compared with $758,780,238
last year. New value added to the tax roll will continue to be primarily from residential growth, however,
commercial growth continues to expand at a strong rate.
Property Tax Rate
The Adopted FY 2026-2027 Budget adopts a property tax rate of $0.505 per $100 of taxable assessed
valuation. The total tax rate is divided between Maintenance and Operations (M & O) and the Debt Service
Fund. Of the total tax rate, the $0.331000 cents maintenance and operations levy is split between $0.236213
for the General Fund, and $0.094787 for the Capital Dedicated Fund with a $0.174000 levy for general
obligation debt service. Even with carving out 9.48 cents of the M & O levy for Capital Dedicated purposes,
property taxes are 40.4% of the revenue in the General Fund. The portion of the tax rate dedicated to debt
service is approximately 35% of the overall Town tax rate which is well within policy guidelines of no more
than 40% specified by the debt management policy.
Sales Taxes
The Town of Prosper levies a 1.50% tax on all taxable items sold within its borders comprised of the Town’s
1.00% tax and the Economic Development Corporation’s 0.50% tax. In May 2023, the citizens renewed the
Crime Control and Prevention District and the Fire Control, Prevention, and Emergency Medical Services
District through 2043 with each collecting 0.25% of dedicated sales and use tax. Each district is reported
as a special revenue fund and sales and use tax is 99% of revenue in these funds. As sales tax revenues
have become a prominent funding source, this will help dedicate more resources to the public safety needs
of the Town. This budget reflects the seventh year since the districts were created. Overall, the Adopted
Budget includes $13,677,166 in sales tax revenues, compared to $13,199,055 in the FY 2025-2026 original
budget. This is largely attributable to the continuing retail and commercial development growth in Prosper.
The one percent sales and use tax reported to the General Fund comprises 18.9% of total revenue in the
Adopted Budget. See the table below labeled Commercial Taxable Property and Growth which reflects
major retail developments coming online during the next budget cycle. The Adopted budget reflects a
sales tax estimate of 3.6% growth from the FY 2025-2026 original budget.
14 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONCommercial Taxable Property and Growth Expected FY 2026-2027
Name Square Feet
Westfork Crossing (Retail) 153,700
Lifetime Fitness 100,164
One United Volleyball 73,645
Eagle Crossing Phase 2 (retail/warehouse/office) 72,700
Home 2 Suites Inn 68,911
Ground Control Trampoline Park 40,738
Gates of Prosper Phase 3B (Restaurant Cluster) 38,056
Other & 25,000 sqft. or less 162,901
Employee Pay and Benefits
Sworn Fire and Police personnel are on a step plan and civilian pay is based on a performance merit
system. The Town employees can receive up to a 3% merit increase based on their annual performance.
Employees will continue to see their steps or annual merit adjustments based on performance. The FY
2026-2027 Adopted Budget includes salary changes according to a comprehensive market study. This
market study adjusts sworn personnel by a market rate averaging over 4.5%. For identified non-sworn
personnel adjustments include a market rate averaging 2.5%. The total impact included in the budget is
$1,100,000.
The Town has historically provided a competitive and innovative benefits package to employees, offering a
selection which best suits employees’ individual and family needs. Providing these options has benefitted
not only recruitment efforts, but also retention of employees. The Town’s estimated contribution for
employee healthcare benefits is $6,597,555 for fiscal year 2026-2027. With insurance premiums rising,
the town has increased their contributions by 18%, with the employee picking up a 5 or 10% increase
depending on their plan. The Town currently offers high deductible and PPO medical plans.
Program and Staffing Levels
The Town of Prosper currently has 438.21 authorized full-time equivalent (FTE) staff members allocated
among the various operating departments, excluding EDC. The Adopted budget includes an increase of 4
full-time equivalent positions. Details of all requested positions can be found in the Authorized Positions
page of this document. The Adopted budget adds the following positions by department and changes
will be implemented shortly after the beginning of October 2026:
Fund Department FTE
Water & Wastewater Public Works 3.0
Stormwater Drainage Public Works 1.0
Total FTE 4.0
Utility Rates
Water and Wastewater. During this time of rapid growth for both the Town and its regional suppliers, the
Town has committed to annual rate studies conducted by an outside rate consultant with a great deal of
familiarity with the region and is also obtaining frequent updates of its water and wastewater masterplan.
Charges from its regional suppliers represent approximately 50% of the operating costs of the utility fund
and are expected to rise significantly in future years due to expansion of both potable water and wastewater
treatment capacity. The financial goal for the utility is to operate on a breakeven basis over time while
complying with all adopted financial standards, maintaining its water and wastewater infrastructure
in good condition and meeting or exceeding required debt coverage ratios. In fiscal year 2025-2026 a
15Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONblended 8.8% increase was approved. Now however, the most recent rate study recommends a blended
15.4% increase comprised of water (13.95%) and wastewater (17.96%) rate increase for the current year.
Given projections of our regional suppliers and planned debt issuance to fund the Town’s share of the
Doe Branch wastewater plant expansion future annual increases are expected and the actual size of the
increases will be evaluated annually.
Solid Waste. With the transition to a new provider complete, the Solid Waste Fund is now self-sufficient and
building towards its Fund Balance target of $250,000. The new contract for all commercial and residential
solid waste services is for an initial seven-year period ending January 31, 2031. Rates are adjusted each
February 1st based on CPI, fuel, and disposal rate adjustments. The goals for the new contract were:
●Greater contract monitoring and contract remedies to improve quality of service.
●Owning the residential collection carts improving flexibility in changing providers and promoting the
Town’s brand.
●Creating a self-supporting solid waste operation with all costs offset by user fees.
These goals are consistent with the Strategic Vision to “Provide Excellent Municipal Services” with early
feedback from citizens being overwhelmingly positive.
Stormwater Drainage. Storm Drainage rates increased by $1 across all rate categories in FY 2025-2026,
resulting in an estimated revenue increase of $558,305. This is the first rate adjustment since FY 2017–2018.
Under the approved rates, residential Tier 1 customers will pay $4.00 per month, and Tier 2 customers
will pay $6.15. Commercial customers will be charged $2.00 per 1,000 square feet of impervious surface.
With these additional funds, the Town will be conducting a Stormwater Drainage Master Plan for Public
Works, adding additional street sweeping service, and building fund balance to fund Capital Projects.
General Fund
The FY 2026-2027 Adopted Budget, as presented, is based on using a tax rate of 23.6213 cents per $100
of assessed value. Each additional penny of the tax rate generates approximately $1,149,555 in property
tax revenue.
The target reserve level (Fund Balance) is set at 21% (approximately 75 days) of total appropriations.
Target Fund Balance is based on a Town Charter requirement of 20% and a Town Council policy of an
additional 1%. Budget estimates project fund balance to be at 21% at the end of FY 2026-2027.
At the end of FY 2026-2027, the projected total Fund Balance decreases $106,044 to $12,761,100. The
Town continues to focus on utilizing recurring revenues to fund enhancements with a one-time cost,
rather than funding items with a recurring cost. This practice allows the Town to gain these dollars back
in future years to be utilized in a similar manner.
General Fund Revenues
For FY 2026-2027, General Fund revenues are expected to total $72,186,612 which is an increase of 5.8%
over the previous year’s original budget. This additional revenue is from increased property and sales tax,
and franchise fees. The growth of this fund is largely the result of continuing residential and commercial
development and population growth in Prosper. It is the Town’s preference to take a conservative approach
in budgeting these major revenue sources.
Sales Tax revenues continue to increase. Historically, the Town has conservatively forecasted the sales
tax revenues. The Adopted Budget reflects 3.6% growth from FY 2025-2026 original budget. The General
Fund is projecting sales tax revenue of $13,677,166 for FY 2026-2027. This proposal also contains a plan
to transfer the sales tax revenue received in the Special Purpose Districts transferred to the General Fund
to pay for police and fire salaries that would normally be paid within the Special Purpose Districts.
16 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONLicense, Fees and Permits Revenues are projected at $6,572,909 for FY 2026-2027, an increase from the
FY 2025-2026 year-end projections. The Budget still reflects steady new residential and non-residential
construction, albeit at a slower pace. It is assumed the Town will issue approximately 600 new residential
permits in the coming year.
Licenses and Franchise Fees are projected to rise with population. Municipal Court Fines are projected
to increase in FY 2026-2027. General Fund Revenues by Source:
Revenue Category FY 2026-2027 % of Total
Property Tax $ 29,142,460 40.4%Sales Tax 13,677,166 18.9%Franchise Fees 5,350,739 7.4%License, Fees & Permits 6,572,909 9.1%Transfer In from SPD 7,518,125 10.4%Transfer In from CIP 1,739,138 2.4%One-Time Revenue 1,359,594 1.9%Charges for Service 2,671,975 3.7%Transfers In 2,127,225 2.9%Other 2,027,281 2.9%Revenue Total $ 72,186,612 100.0%
General Fund Appropriations
Total General Fund Appropriations for the FY 2026-2027 Adopted Budget are $72,292,656. Personnel
costs make up approximately 70% of the General Fund budget.
The major Program Enhancement and Capital Expenditures planned for FY 2026-2027 by department
are as follows:
Administration:
Enhancements Amount
Comprehensive Compensation and Benefits Study and Funding $ 1,100,000
Developer Reimbursements $ 260,000
Police:
Enhancements
MVCPA Task Force Grant Program $ 533,500
MVCPA Catalytic Converter Grant Program $ 377,200
Parks and Recreation:
Enhancements
Raymond Park Maintenance Costs $ 206,130
Engineering:
Enhancements
Traffic Light Software $ 53,000
A complete summary listing of the Adopted enhancements with a detailed explanation can be found in
the Appendix section of this document.
17Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONDebt Service (Interest & Sinking [I&S]) Fund
With the planned August 2026 issuance, the Town of Prosper will hold just under $229 million in outstanding
tax supported debt. $31.3 million of new money will be issued for roads and parks projects, and $16.6
million in new money is planned to be issued for water infrastructure projects and is paid from water
and sewer revenues. In the past; to obtain a more favorable interest rate, the debt also had a tax pledge.
Two years ago, the Town issued Revenue Bonds whose sole repayment source is water and wastewater
revenues. These bonds have a rating of AA- (stable) from Standard & Poor and AA (stable) from Fitch
Ratings. The Town’s tax supported debt, issued for roads, public safety and parks has a debt rating of
AA+ (stable) from S&P and AAA (stable) rating from Fitch Ratings marking a culmination of hard work to
improve the Town’s credit rating for future debt issuances.
Appropriations for FY 2026-2027 in the Debt Service Fund will total $21,373,297 . This represents a 1.5%
increase from the prior year’s budget. This increase is a result of a planned issuance of $31.3 million from
the $210 million approved bond package which will be 2026 General Obligation Bonds in FY 2026-2027.
Water and Sewer Fund
The Water and Sewer Fund’s principal source of revenues are charges to customers for water use,
wastewater treatment, and fees related to providing consumers with new water and wastewater services.
Total fund revenues for FY 2026-2027 are estimated to increase to $54,669,457 an increase of 15.5% over
the previous year’s adopted budget. The increase is due to the number of accounts along with customer
rate increases to keep pace with the passthrough charges from the regional water providers and funding
the Town’s share of wastewater treatment expansion. The adopted business plan for the Water and Sewer
Utility Fund identifies the need for revenue growth to cover existing and future operations and maintenance
costs as well as debt service and contracted water and sewer costs with the Upper Trinity Regional Water
District and North Texas Municipal Water District.
Water & Sewer Fund Revenues by Source:
Revenue Category
FY 2026
Adopted % of Total
Water Charges $ 32,053,861 58.6%
Wastewater Charges 20,821,396 38.1%
License, Fees & Permits 223,000 0.4%
Penalties 239,000 0.4%
Investment Income 350,000 0.6%
Miscellaneous 982,200 1.9%
Revenue Total $ 54,669,457 100.0%
The Town of Prosper along with other surrounding municipalities’ purchases treated surface water from the
North Texas Municipal Water District (NTMWD). The Adopted budget reflects increased water consumption
due to growth in customers and demand. Rates from NTMWD will increase 8.6% from $4.19 to $4.55 per
1,000 gallons of water purchased. The Adopted budget recommends an increase of 3 additional staff
members for the Water and Sewer Fund. The major Program Enhancement and Capital item expenses
budgeted in the Water/Sewer Utility Fund by department include:
18 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONWater & Wastewater
Enhancements Amount
Billing Software Upgrades $ 73,268
Increased Smoke Testing $ 90,000
50P Mini Excavator $ 140,065
Water Valve Maintenance Trailer $ 98,740
Hydra-stop Insertion Valve Equipment $ 210,560
Currently, the Water and Sewer Fund holds just over $109.9 million in outstanding debt. The Town recognizes
that in this time of fast growth significant additional debt is required and has developed a strong set of
financial policies that it believes will serve the Town well into the future. With the growth and maturing
of the Water and Sewer Fund, Revenue Bond ratings were sought and obtained as a conformation of the
long-term strategy.
In addition to the financial policy requirement to maintain debt service coverage ratios of 1.25 times
maximum annual debt service, the Town’s debt covenants for Revenue-backed debt also specify a coverage
ratio of 1.20 times annual debt service in addition to a required minimum reserve.
Drainage Utility Fund
Currently, the Drainage Utility Fund holds $2 million in outstanding debt. Last Year, the Town implemented
the first fee increase since FY 2017-2018. Under the new rates, residential Tier 1 customers pay $4.00
per month, and Tier 2 customers will $6.15. Commercial customers are charged $2.00 per 1,000 square
feet of impervious surface.
Capital Project Funds
The Town continues to strengthen management of its capital program. Multi-year capital budgets are
adopted in the Capital Project Funds. The Capital Improvement Sub-Committee of the Town Council
prioritizes projects for the current year and future years, The Capital Project Funds account for financial
resources to be used for the acquisition or construction of major capital facilities. The budget for these
projects is independent of the operating budget and are typically funded with bonds, grants, fund balance,
special restricted revenue, or other sources of capital from developers or other private investment.
Appropriations are adopted on a “Project” basis and continue until the project is completed which typically
spans fiscal years. The table below summarizes the capital projects added for FY 2026-2027.
19Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONStreet Projects
Teel Pkwy (First - Freeman) 11,000,000
DNT NB Frontage Road Repairs 8,500,000
Coit Rd (First to Frontier) 6,881,407
Coleman (Gorgeous - Talon) 6,298,292
Frontier Pkwy (Legacy - DNT) 2,500,000
Gorgeous (McKinley - Coleman) 2,500,000
Prosper Trail (Legacy - DNT) 2,000,000
Prosper Trail (Teel - Legacy) 2,000,000
Legacy Drive (Star Trail - Legacy MS) 1,300,000
Coleman (First - Gorgeous) 1,000,000
Roundabout (La Cima/First Street) 500,000
Roundabout (Richardson/Lakewood) 500,000
Whitley Place / First Street - Open Space 100,000
Streets Projects Awaiting Allocation 15,074,490
Parks Projects
Parks Board Priority Projects 1,000,000
Frontier Park Improvements 1,000,000
Prairie Median Landscaping 1,000,000
Parks Projects Awaiting Allocation 5,934,093
Facility Projects
Parks & Public Works Facility, Phase 1 1,700,000
Public Safety Portable Buildings 200,000
Public Safety Projects Awaiting Allocation 2,518,093
Water/Sewer Projects
Ground Storage 6 MG Tank 7,099,150
Water Projects Awaiting Allocation 4,510,385
Sewer Projects Awaiting Allocation 2,264,756
Drainage Projects
Old Town Regional Detention Pond #2 205,720
Regional Partnerships
Continued partnerships with other entities have produced multiple saving opportunities for shared
services or improving our customer service to residents and visitors alike.
●The Town has an Interlocal Agreement with PISD to access their fueling facility for emergency
purposes and to use specified PISD facilities for recreation and other programs.
●The Town renews its agreements along with several area cities to contract with Collin County for
Animal Control and Sheltering Service.
●The Town has Interlocal agreements with Frisco for the Police and Fire Departments to access
their radio system.
●The Town has Interlocal Agreements for landscape services with the City of McKinney and City of
Frisco.
20 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONGeneral Discussion Items/Council Policy Guidance
The five elements of the council strategic vision all complement each other, and all contribute to the ultimate
quality of life and a thriving community at build-out. This does not mean, however, that the elements do
not compete against each other for funding, with the greatest competition existing between Acceleration
of Infrastructure and Excellent Municipal Services. Four years ago, (FY 2022-2023), the Council created
a Capital Dedicated portion of property tax that is budgeted for 9.43 cents of rate and $10.9 million of
funding. This capital dedicated levy would otherwise be used to provide General Fund services and is
creating pressure to keep the General Fund budget lean.
On the expenditure side multiple discretionary budget requests have been reduced or eliminated. In
addition, non-recurring requests that exceeded a $250,000 threshold and were clearly capital in nature
were removed and will be considered for Capital Dedicated or other capital project funding.
Conclusion
While budgets are always a challenge, we have worked diligently to prepare a budget that accomplishes
Council goals to expand services and competitively compensate staff while holding the line on the tax
rate. We have also presented a future five-year financial plan to help manage the decisions made for the
next fiscal year and the impact it has on future fiscal responsibilities. The Town’s Adopted budget attempts
to address the current and future growth and infrastructure expansion demands while recognizing the
current service needs of its residents.
I would also like to compliment and thank the entire Town staff for their dedication, diligence, and fiscal
accountability in providing their respective services to the Town Council and the residents of Prosper.
Sincerely,
Mario Canizares
Town Manager
21Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONEntity Profile
The Town is a political subdivision and a home rule municipality under the law of the state. A Home Rule
Charter was approved by the voters of the Town at an election held November 7, 2006, and revised on
May 14, 2011, and May 6, 2017. The Town operates as a Council-Manager form of government with the
Town Council comprised of the Mayor and six Council Members. The term of office is three years. The
Town Manager is chief executive officer of the Town.
Services the Town provides include public safety (police, fire protection, and dispatch), and municipal
court, public streets, water/wastewater, solid waste and storm drainage utilities, parks and recreation,
library, public improvements, engineering, planning and zoning, building inspections and code compliance,
economic development and general administrative services. Some services, such as legal and solid waste/
recycling, are outsourced in full or in part to the private sector.
The Town is located in North Central Texas and covers approximately twenty-seven square miles of the
Dallas/Fort Worth Metroplex (“DFW”). Prosper includes areas in Collin and Denton Counties, with most of
the Town’s population residing in Collin County. The Town is located 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.
Prosper is home to nationally recognized educational opportunities. The Fire and Police Departments have
received excellent marks for exemplary service and response times. The community has over 634 acres of
open space and parks and is providing connectivity to all of them. Most neighborhoods boast larger lots
and have active Homeowners Associations which protect quality and aesthetics. The Dallas-Fort Worth
airport is within 45 minutes of the community with easy access to interstate and tollway systems. Prosper
was chosen as the North Campuses for Children’s Hospital and Cook Children’s Hospital. In 2019, Prosper
was recognized in two publications as one of the top 25 “greatest small towns to live in the U.S.” With
a median income of $198,600, the community is one of affluence, with access to numerous amenities,
excellent health care, and opportunities for business growth.
The 2010 Census population for the Town was 9,423, the 2020 Census population was 30,174, and the
2026 population is estimated at 49,355.
Town of Prosper Population Estimates
9,4239,4239,423
12,19012,19012,190
14,71014,71014,710
17,79017,79017,790
22,65022,65022,650
28,39028,39028,390
31,10031,10031,100
35,43035,43035,430
38,54038,54038,540
42,59842,59842,598
46,08746,08746,087
49,35549,35549,355
2010 2012 2014 2016 2018 2020 2021 2022 2023 2024 2025 2026
Estimated
0
10,000
20,000
30,000
40,000
50,000
60,000
22 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONDemographics and Economic Statistics
2026 Estimated Population: 49,355**
2026 Tax Year Assessed Valuation: $11,495,554,122***
Median Age: 37.79*
Median Household Income: $198,632**
Number of Households (includes renter-occupied apartments): 14,191**
Square Miles: 27
Unemployment Rate: 4.9%*
Major Employers:
Prosper ISD Public Education 3,850
HEB Grocery Store 570
Cook Children’s Campus Medical 510
Kroger Grocery Store 500
Town of Prosper Municipality 411
Walmart Grocery/Retail Store 270
Chick-Fil-A Restaurant 240
Home Depot Home Improvement Store 185
Target Retail 160
Lowe’s Home Improvement Store 150
Texas Health Resources Medical 120
Dick’s/Field & Stream Sporting Goods Retail 95
Major Taxpayers:
Percentage of Total
Taxable Value Assessed Value
380 & 289 LP $109,133,567 0.93%
GOP #2 LLC $92,174,624 0.78%
DD Brookhollow LLC $76,584,500 0.65%
GOP #3 LLC $74,274,690 0.63%
GOP Multifamily LLC $68,726,779 0.58%
Windsong TIC 1 LLC & Windsong TIC $68,360,322 0.58%
Orion Prosper Lakes LLC $64,834,971 0.55%
Prosper Residences LLC $63,297,663 0.54%
Jen Texas 40 LLC $53,856,343 0.46%
Crossland Texas Industrial LLC $53,225,643 0.45%
* Data retrieved from Placer.AI
** Data retrieved from Prosper Economic Development Corporation
*** Data retrieved from Denton County CAD and Collin County CAD
23Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTION
24 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONThe Budget Process
Purpose of an Annual Budget
The Town of Prosper Budget serves multiple purposes. It is:
●The legally adopted and binding financial and spending plan of the Town.
●A communication tool to residents, businesses, and employees regarding the Town’s priorities and
initiatives.
●A demonstration of financial stewardship including compliance with all applicable laws and regulations.
Budget Overview
The Town’s fiscal year is from October 1st to September 30th. The Budget is regulated by both Town Charter,
Town financial policies and by State statute. Each fund within the Town has its own budget. Budgetary
control is defined by the Town charter and is at the fund level meaning that each fund’s appropriations
cannot be exceeded or increase without formal action of the Town Council. Budget changes if made are
by ordinance and shall become an attachment to the original budget. Final adoption of the budget by the
Town Council shall constitute the official appropriations as proposed for expenditures in 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 begins with the strategic vision and priorities of the Town Council. In the spring, staff
will present to the Council a multi-year budget forecast to provide a preview of the upcoming budget year
and to identify any items or programs that the Council would like additional information.
Internally, Department heads are provided worksheets and forms for submission. In March, the Budget
Preparation Manual is distributed to departments for instructions on the process for the year. Submissions
include funding requests for personnel, improvements to public services, capital outlays and enhancement
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 Council’s vision for Prosper and
providing the most efficient and effective services to the Prosper citizens, these budget requests are
reviewed by the Town Manager and his or her Executive Team.
The last week in July, certified property tax rolls are received from the two county appraisal districts
serving the Town providing management a clearer picture of the revenue available to fund programs.
Final adjustments are made, and the Preliminary Budget is presented to the Town Council the first Council
meeting in August. The Preliminary Budget is a staff document that following changes and approval by
Town Council becomes the Proposed Budget, which starts the required due process procedures including
legal notice and posting and the scheduling of a public hearing. This eventually culminates into Town
Council public hearing in 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.
As required by charter, the Town Manager also submits a five-year capital plan as an attachment to the
annual budget. This plan is prepared in conjunction with the Capital Project Fund budget. Each year new
capital projects are added to the fund and the appropriations for these projects carry over from year to
year until the project is completed.
25Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONBudget Administration
The Fiscal Year begins, and the approved budgets are then under the management of the responsible
Department Head and ultimately the Town Manager.
The Town Manager submits monthly financial reports as required by Town Charter and actively manages
any shortfalls in revenues or overages in expenditures. Unless known to be immediately necessary or
significant in value, budget amendments will be done towards the close of the fiscal year, taking into
account other possible savings within the fund.
Encumbered amounts are charged to the budget year in which the appropriation was created provided
that the invoice for the good or service is received within two months of year end. At the beginning of
November, all open purchase orders related to operations lapse. Purchase orders related to multi-year
capital projects are recorded in the capital projects fund and do not lapse.
26 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONSummary of Financial Policies
The Town’s Administrative Regulations includes 22 chapters with six chapters having the greatest impact
on day-to-day financial management and resulting financial position of the Town. These are: Chapter
12-Vehicle Equipment and Replacement Fund, Chapter 13-Fund Balance, Chapter 15-Debt Management
Policy, Chapter 16-Debt Post Issuance Policy, Chapter 17-Financial Management Policy, and Chapter
21-Capital Project Management Policy.
Brief summaries of each policy are included below with the complete policy included as an appendix to this
book. To facilitate a logical topic flow, policies will not necessarily be discussed in chapter number order.
Chapter 17 - Financial Management Policy
The rapid growth of the Town has required rapid expansion of personnel, infrastructure, facilities and
finances. To address these issues the following policies are designed to promote strong financial
management.
Annual Audit and External Financial Reporting. Requires annual issuance of a Annual Comprehensive
Financial Report (ACFR) and audit. Establishes criteria to ensure that the external auditor hired will be
sufficiently experienced in state and local government audits to provide a quality audit. Requires all auditor
findings regarding internal controls to be addressed.
Operating Budgets. Sets the timing for the budget process and level of budgetary control. Requires
a structurally balanced budget in which recurring expenditures may not exceed recurring revenues.
Non-recurring expenditures may be funded from recurring revenues, non-recurring revenues and fund
balance in excess of policy reserves. Budgets that draw reserves below policy requirements are deficit
budgets and a plan must be established to replenish policy reserves.
System of Internal Controls. Town Management and the Finance Director are responsible for Town-wide
written guidelines for accounting, reporting and compliance. All Department Directors are responsible for
ensuring these policies are followed in their respective departments.
Tax Rate Management. Establishes a capital dedicated portion of the M & O levy that can be used fund
pay as you go projects and reduce debt issuance in the short-term and then as capital facilities are built
but revenue growth has slowed, can be rediverted to fund operations required for the new facilities.
Revenue Management. Does not permit dedication of general revenues for specific purposes. User based
fees should be cost based and may be classified as “full” “partial” or “minimal” cost recovery. Impact fees
for water, wastewater and roadways will be reassessed every five years. Utility rates will be self-supporting.
Expenditure Control. All expenditures must be appropriated by budget. Operating appropriations that are
not expended or encumbered at year end lapse.
Financial Condition and Reserves. Reinforces the requirement for no operating deficits. Establishes
General Fund Reserve of 20% charter requirement plus 1% for a total of 21% (2 ½ months of budgeted
expenditures). Establishes $25,000 cash reserve for both Fire and Crime Control Special Purpose Districts.
Requires enterprise funds to be self-sufficient.
Capital Improvement Program. Requires annual updates of the five-year capital improvement program
including projected operating costs of new facilities and improvements.
27Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONChapter 13 - Fund Balance Policy
Establishes the basis and need for maintaining minimum fund balance reserves, defines categories of
fund balance for financial reporting and references GFOA Best Practices for determining adequate fund
balance. Fund Balance is set at a total of 21% (21/2 months expenditures) for the General Fund, 3-5% for
Debt Service Fund, 25% (3 months expenses) for the Water and Sewer Fund, $250,000 for the Solid Waste
Fund and 17% (2 months expenses) for the Stormwater Utility Fund.
Chapter 21 - Capital Projects Management Policy
The rapid growth of the Town has created oversized capital budgets relative to operating budgets including
long-term agreements with developers for construction of infrastructure that may not be completed for
many years following the agreement. From a materiality standpoint infrastructure is often the largest
single item in a government’s financial statement and must be properly accounted for. The policy requires
departments to furnish to finance all developer related agreements and contracts. Upon receipt, finance
will analyze the contract for proper accounting treatment including the specific “triggers” that must occur
before the transaction is recognized. Annual closing procedures include review of all open agreements
and their status.
Chapter 12 - Vehicle Equipment and Replacement Fund (VERF)
Creates an internal service fund of the Town for the purpose of smoothing the budget impact of
large vehicle and equipment purchases. This approach has the advantage of avoiding debt financing
allowing the Town to avoid deferring maintenance during times of economic downturn and tight
budgets.
Key provisions include:
1. All equipment and vehicle are owned by the VERF.
2. Using departments are charged a monthly fee that is accumulated towards replacement.
3. All items replaced are surrendered by the department with disposal proceeds retained by VERF.
4. New items due to new programs or positions must be included as part of the annual budget
process and then are donated to VERF.
5. VERF cash balances should approximately equal (defined as +/- 10%) accumulated depreciation
in the fund.
Chapter 15 - Debt Management
Describes the type of debt issuance available to the Town and the circumstances in which each type of
debt may be used. Preference is given to alternate financing means such as PAYGO programs or capital
grants. When debt issuance is necessary, preference is given to voter-approved governmental debt vs.
non-voter approved debt. For capital assets for enterprise activities, the intent is to pay all debt service
from the revenues of the enterprise operation.
Debt issuance should be limited to the acquisition or construction of long-lived capital assets and never
be issued to fund current operations. The maximum final maturity for governmental fund and enterprise
fund debt is 20 years, the Town may choose a longer term for revenue bonds for projects with lives greater
than 20 years.
For general obligation governmental debt, the debt service tax levy should never exceed 40% of the total
tax levy. Total tax supported debt should also not exceed 4% of taxable assessed valuation.
28 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONIt is the Town’s intent that enterprise fund debt service be paid from the revenues generated from the
enterprise activities. If Revenue Bonds are issued, the Town will maintain a coverage ratio of at least 1.25%
of net operating revenue available for debt service to maximum annual debt service.
Chapter 16 - Debt Post Issuance Policy
Details the process following debt issuance including tax certificates, Attorney General filing, SEC Continuing
Disclosure (15C2-12), recordkeeping, use of proceeds and Arbitrage Rebate and Yield calculations.
Compliance
Staff has made every effort to comply with these policies in their entirety and it is our belief that the budget
meets or exceeds all legal and policy requirements now including the Solid Waste Fund. The reserve
requirement of $250,000 will comply by the end of fiscal year 2026-2027. This fund was created in the
fiscal year 2022-2023 and requires a few years to accumulate the reserve required by policy.
29Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONTown of Prosper Annual Budget Calendar
Budget Calendar Actions
PlanningJanuary - March Department’s BudgetApril - May May 1 Town staff completes revenue and expenditure projections through the end of the current fiscal year;
prepares discretionary and non-discretionary budget requests and related forms.May 11 Begin compilation and discussions with Department Heads. Town Manager’s BudgetJune - JulyJuly 25 Chief Appraiser certifies appraisal rolls for taxing units.July 25 Certification of anticipated collection rate by collector Town Council’s BudgetAugust - September August 5 Calculation of no-new-revenue and voter-approval tax rates. 3 business days notice for meeting (Open
Meetings Notice).August 11 Town Council meeting to discuss tax rate; if proposed tax rate will exceed the no-new-revenue tax rate
or the voter-approval tax rate (whichever is lower), take record vote and schedule Public Hearings.
Town Manager presents preliminary budget for FY 2026-2027. Preliminary budget must be posted on
website from this date until adopted.August 21 Finance Committee reviews Proposed Budget.August 31 3 Business days notice for Budget Town Hall (Open Meetings Notice).September 1 Notice of FY 2026-2027 Budget Public Hearing notice in newspaper and on Town website published at
least seven days before the Public Hearing.September 2 3 Business days notice for Public Hearing at which governing body will adopt tax rate (Open Meetings
Notice).September 3 Budget Town HallSeptember 8 Town Council meeting to consider passing ordinances adopting the FY 2026-2027 budget and tax
rate. Public Hearing for Tax Rate. Budget must be adopted before the tax rate, and both must be
record votes. Taxing unit must adopt tax rate before September 30 or 60 days after receiving certified
appraisal roll, whichever is later.September 9 Final approved budget to be filed with Town Secretary. Submit ordinances to Collin and Denton County
Tax Offices. Tax Assessor/Collector and Appraisal District notified of current year tax rates.October 1 New fiscal year begins and taxes are billed by the Assessor/Collector.
30 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONBasis of Accounting/Budgeting
The budgetary and accounting policies contained in the budget document conform to generally accepted
accounting principles (GAAP) as established by the Governmental Accounting Standards Board (GASB).
The accounts of the Town are organized on the basis of funds and account groups, each of which is
considered a separate budgetary and accounting entity. Within the budget, the Town’s various funds are
grouped into the following categories of fund types:
Governmental Fund Types ‐ Include the General Fund, Debt Service Fund, Capital Project Funds,
and Special Revenue Funds. The budget is organized and operated on a modified accrual basis of
accounting. A financial measurement focus is utilized here as well. Under the modified accrual basis
of accounting, revenues are recorded when susceptible to accrual (i.e., both measurable and available).
Available revenues collected within the current period or soon thereafter are used to pay liabilities
of the current period. Expenditures represent a decrease in net financial resources, and other than
interest on general long‐term debt, are recorded when the fund liability is incurred, if measurable.
Interest on general long‐term debt is recorded when due.
Proprietary Fund Types – Include the Enterprise Funds and Internal Service Funds. These are accounted
and budgeted for on a cost of services or “capital maintenance” measurement focus, using the accrual
basis of accounting. Under the accrual basis of accounting, revenues are recognized when earned and
expenses are recognized when incurred. For purposes of this budget presentation, depreciation is not
displayed and capital expenditures and bond principal payments are shown as utilized by each fund.
Governmental Fund Types
Government Fund types are those through which most governmental functions of the Town are financed.
The acquisition, use, and balances of the Town’s expendable financial resources and the related liabilities
(except those accounted for in the Proprietary and Fiduciary Fund types) are accounted for through the
Governmental Fund Types.
General Fund – The General Fund is the general operating fund of the Town. It is used to account for all
revenues and expenditures except for those required to be accounted for in other funds. Major functions
financed by the General Fund include: Administration, Public Safety, Community Services, Financial Services,
HR, IT, Library, Building and Planning, and Parks and Recreation.
Special Revenue Funds – Special Revenue Funds are used to account for the proceeds of specific revenue
sources other than expendable trusts or major capital projects. The Special Revenue Funds include, but
are not limited to, TIRZ #1; TIRZ #2; Crime Control and Prevention Special Purpose District; Fire Control,
Prevention and Emergency Medical Services Special Purpose District; Park Dedication/Improvement Fund;
Impact Fee Funds; and Special Revenue Fund.
Debt Service Fund – The Debt Service Fund is used to account for the accumulation of resources for, and
the payment of, general long‐term debt principal, interest, and related costs.
Capital Projects Funds – The Capital Projects Funds are used to account for financial resources to be
used for the acquisition or construction of major capital items or facilities.
31Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONProprietary Fund Types
Enterprise Funds are used to account for operations that are either financed or operated in a manner similar
to private business enterprises, or where the governing body has decided that periodic determination of
revenues earned, expenses incurred, and/or net income is appropriate for capital maintenance, public
policy, management, control, accountability, or other purposes.
Utility Fund – This fund accounts for water and wastewater services for the residents of the Town. All
activities necessary to provide such services are accounted for in the fund, including administration,
operation, maintenance, financing and related debt service, and billing and collection.
Solid Waste Fund – This fund accounts for solid waste collection services for the residents of the Town.
All activities necessary to provide such services are accounted for in the fund, including administration,
operation, maintenance, and billing and collection.
Stormwater Utility Fund –This fund accounts for the costs associated with the implementation and ongoing
administration of stormwater and drainage management needs of the Town. All activities necessary to
provide such services are accounted for in the fund, including administration, operation maintenance,
financing and related debt service, and billing and collection.
Internal Service Funds – The Internal Service Funds include the Health Insurance Trust Fund that accounts
for the Town’s self‐insurance activities, and the Town’s Vehicle and Equipment Replacement Fund which
accounts for vehicle and equipment replacements.
32 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONFund Overview
Town of
Prosper Funds
Governmental
Funds
Proprietary
Funds
General Fund Impact Fee
Funds
Debt Service
Fund
Capital
Projects
Fund
Special
Revenue
Funds
Enterprise
Funds
Internal
Service
Funds
Court
Technology Fund
Court Security
Fund
Escrow Fund
Park Dedication
Fund
Park
Improvement
Fund
Contributions
Fund
TIRZ #1 Fund
TIRZ #2 Fund
Crime Control and Prevention Special Purpose
District Fund
Fire Control, Prevention, and Emergency Medical
Services Special Purpose District Fund
Non - Major Funds
Major Funds
Water/Sewer
Fund
Storm
Drainage
Fund
Solid Waste
Fund
Vehicle and
Equipment
Replacement
Fund
Health
Insurance
Trust Fund
Director of Public Works
Senior
Administrative
Assistant
Sr. Backflow
Inspector
Hotel Occupancy
Tax Fund
33Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONConsolidated Fund Summary by Year
Estimated Resources
Actual
2024-2025
Adopted
Amended
2025-2026
Adopted
Budget
2026-2027
Revenue
Taxes 63,598,592 71,668,837 76,583,291
Charges for Services 49,270,433 62,378,252 71,961,917
Licenses, Fees, & Permits 12,487,541 13,919,076 15,096,648
Fines & Warrants 546,601 581,364 612,351
Investment Income 2,944,101 2,515,450 2,523,950
Miscellaneous 2,633,388 1,730,237 1,856,153
Impact Fees 10,745,654 11,631,547 20,570,736
Transfers In 4,544,299 11,521,626 12,384,488
Intergovernmental - - 12,000
Total Revenue $ 146,770,610 $ 175,946,389 $ 201,601,534
Expenditures
General Government 24,928,409 23,151,466 24,382,491
Public Safety 28,130,504 31,499,738 35,153,534
Streets & Highways 11,578,563 14,461,680 16,225,990
Community Services 9,132,368 10,575,500 14,174,143
Development Services 3,803,780 4,038,219 4,672,782
Engineering 2,475,809 2,577,954 2,894,678
Utility Services 24,256,656 27,472,439 30,980,109
Debt Service 25,887,248 30,427,264 32,198,425
Economic Infrastructure Development 10,388,963 10,766,754 13,159,195
Impact Fee Infrastructure Development 607,879 1,991,163 2,385,423
Transfers Out 17,960,726 24,724,738 35,252,104
Total Expenditures $ 159,150,904 $ 181,686,914 $ 211,478,874
Net Recurring Funds $ (12,380,294)$ (5,740,526)$ (9,877,340)
NON-RECURRING “ONE-TIME” REVENUES
Grants 560,928 2,025,555 1,359,594
Total NON-RECURRING “ONE-TIME” REVENUES $ 560,928 $ 2,025,555 $ 1,359,594
NON-RECURRING “ONE-TIME” EXPENDITURES
One-Time Expenditures* 1,353,977 3,346,024 2,272,316
Total NON-RECURRING “ONE-TIME” EXPENDITURES $ 1,353,977 $ 3,346,024 $ 2,272,316
NET NON-RECURRING “ONE-TIME” FUNDS $ (793,049)$ (1,320,469)$ (912,722)
Excess (Deficiency) and Net Non-Recurring $ (13,173,343)$ (7,060,994)$ (10,790,062)
Beginning Fund Balance $ 63,900,093 $ 50,726,750 $ 43,665,755
Ending Fund Balance $ 50,726,750 $ 43,665,755 $ 32,875,693
34 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONConsolidated Fund Summary
Fiscal Year 2026-2027
Governmental Funds
Estimated Resources General Fund Debt Service Fund Impact Fee Funds
Special
Revenue Funds
Revenue
Taxes 42,819,626 21,025,866 - 12,737,799
Charges for Services 2,671,975 - - -
Licenses, Fees, & Permits 11,923,648 - 300,000 2,650,000
Fines & Warrants 612,351 - - -
Investment Income 1,000,000 145,000 600,000 144,950
Miscellaneous 414,930 - - 87,523
Impact Fees - - 19,770,736 800,000
Transfers In 11,384,488 1,000,000 - -
Intergovernmental - - - 12,000
Total Revenue $ 70,827,018 $ 22,170,866 $ 20,670,736 $ 16,432,272
Expenditures
General Government 12,311,910 - - 445,633
Public Safety 35,153,534 - - -
Streets & Highways 5,827,386 - - -
Community Services 9,160,050 - - 5,014,093
Development Services 4,672,782 - - -
Engineering 2,894,678 - - -
Utility Services - - - -
Debt Service - 21,373,297 - -
Economic Infrastructure Development - - 6,886,000 6,273,195
Impact Fee Infrastructure Development - - - -
Transfers Out - - 25,407,065 7,517,814
Total Expenditures $ 70,020,340 $ 21,373,297 $ 32,293,065 $ 19,250,735
Net Recurring Funds $ 806,678 $ 797,569 $ (11,622,329)$ (2,818,463)
NON-RECURRING “ONE-TIME” REVENUES $ 1,359,594 $ -$ -$ -
NON-RECURRING “ONE-TIME” EXPENDITURES $ 2,272,316 $ -$ -$ -
NET NON-RECURRING “ONE-TIME” FUNDS $ (912,722)$ -$ -$ -
Excess (Deficiency) and Net Non-Recurring $ (106,044)$ 797,569 $ (11,622,329)$ (2,818,463)
Beginning Fund Balance $ 12,867,144 $ 481,621 $ 11,622,330 $ 4,350,765
Ending Fund Balance $ 12,761,100 $ 1,279,190 $ 1 $ 1,532,302
35Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONConsolidated Fund Summary
Fiscal Year 2026-2027
Proprietary Funds
TotalEstimated Resources Enterprise Fund Internal Service Funds
Revenue
Taxes - - 76,583,291
Charges for Services 59,100,368 10,189,574 71,961,917
Licenses, Fees, & Permits 223,000 - 15,096,648
Fines & Warrants - - 612,351
Investment Income 364,000 270,000 2,523,950
Miscellaneous 1,053,700 300,000 1,856,153
Impact Fees - - 20,570,736
Transfers In - - 12,384,488
Intergovernmental - - 12,000
Total Revenue $ 60,741,068 $ 10,759,574 $ 201,601,534
Expenditures
General Government 2,449,791 9,175,157 24,382,491
Public Safety - - 35,153,534
Streets & Highways 10,398,604 - 16,225,990
Community Services - - 14,174,143
Development Services - - 4,672,782
Engineering - - 2,894,678
Utility Services 30,980,109 - 30,980,109
Debt Service 10,825,128 - 32,198,425
Economic Infrastructure Development - - 13,159,195
Impact Fee Infrastructure Development 2,385,423 - 2,385,423
Transfers Out 2,327,225 - 35,252,104
Total Expenditures $ 59,366,280 $ 9,175,157 $ 211,478,874
Net Recurring Funds $ 1,374,788 $ 1,584,417 $ (9,877,340)
NON-RECURRING “ONE-TIME” REVENUES $ -$ -$ 1,359,594
NON-RECURRING “ONE-TIME” EXPENDITURES $ -$ -$ 2,272,316
NET NON-RECURRING “ONE-TIME” FUNDS $ -$ -$ (912,722)
Excess (Deficiency) and Net Non-Recurring $ 1,374,788 $ 1,584,417 $ (10,790,062)
Beginning Fund Balance $ 10,637,999 $ 3,705,898 $ 43,665,755
Ending Fund Balance $ 12,012,787 $ 5,290,315 $ 32,875,693
36 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONStrategic Visioning Process
The Town Council conducted a Strategic Visioning exercise in Winter of 2025 to identify a set of long-term
strategic objectives that could be accomplished in a five to ten-year planning horizon, as the Town
approaches build-out. The exercise yielded five Strategic Visioning Priorities. These five priorities form
the basis of the Town’s operations, budget priorities, and work plan.
D E V E L O P D O W N T O W N P R O S P E R A S A
D E S T I N A T I O N
E N S U R E T H E T O W N ’S C O M M E R C I A L C O R R I D O R S
A R E R E A D Y F O R D E V E L O P M E N T
Prioritize infrastructure investment to meet demand, using incentives whenappropriate.
Implement a corridor overlay for the Dallas North Tollway.
Partner with Prosper EDC to develop and communicate a branding strategy to market the Dallas North Tollway corridor.
Work with the Capital Improvement Subcommittee to identify gaps in theTown’s infrastructure and increase the number of shovel ready projects.
Identify and address infrastructure gaps that limit development.
Expedite the completion of projects focusing on concurrent activity whenpossible.
P R O V I D E E X C E L L E N T M U N I C I P A L S E R V I C E S
A C C E L E R A T E I N F R A S T R U C T U R E D E L I V E R Y
G R O W A N D D I V E R S I F Y T H E T A X B A S E
Strive to be a high-performing organization focused on continuousimprovement, best practices, and benchmarking.
Develop a culture of excellence and efficiently provide resources necessary to support these goals.
Provide a professional environment for residents, visitors, and Townemployees.
T O W N C O U N C I L
S T R A T E G I C V I S I O N I N G P R I O R I T I E S
A P P R O V E D B Y T H E T O W N C O U N C I L O N M A R C H 1 0 , 2 0 2 6
Collaborate with the Downtown Business Alliance, Community EngagementCommittee, Downtown Advisory Committee, and direct the Prosper EDC toimplement the Downtown Master Plan.
Pursue a mix of public and private developments as catalysts for office, retail,restaurants, entertainment, housing, and outdoor events.
Position Prosper as a center of excellence for healthcare, specifically as itrelates to manufacturing, research and development.
Proactively recruit businesses to the Town through the Prosper EDC that willbroaden the commercial tax base and support long-term economic stability.
37Town of Prosper, TX | Adopted Budget | 2026-2027INTRODUCTION
Organizational Chart
Mayor and
Town Council
Boards and
CommissionsTown Manager Town AttorneyMunicipal
Court Judge
Deputy
Town
Manager
Executive
Director
Assistant
Town
Manager
Health & Code
Compliance
Police
OperationsFire Marshal
Criminal
Investigations
Fire
Operations
Citizens
Building
Inspections
Data & GIS
Planning
Police
Chief
Fire
Chief
Streets
Water
Wastewater
Traffic
Development
ServicesPublic Works
Emergency
Management
Support
Services
911 Dispatch /
Communication
Engineering
Division
Stormwater
Construction
Inspections
Engineering
Services
Park
Administration
Park
Operations
Recreation
Parks &
Recreation
Records
Management
Town
Secretary
Downtown
Communications
Special Events
Community
Engagement &
Experiences
Solid Waste
Utility
Customer
Service
Library
Accounting
Budget &
Strategic
Initiatives
Purchasing
Finance
Municipal
Court
Risk
Management
Human
Resources
Information
Technology Facilities
38 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONAuthorized Positions
General Fund Actual 2024-2025 Adopted 2025-2026 Revised 2025-2026 Changes 2026-2027 Adopted 2026-2027
Town Manager 5.00 5.00 4.00 - 4.00
Town Secretary 3.00 3.00 3.00 - 3.00
Finance 12.50 12.00 13.00 - 13.00
Human Resources 4.75 4.75 4.75 - 4.75
Information Technology 11.50 12.00 9.00 - 9.00
Communications & Community Engagement 5.00 5.00 6.00 - 6.00
Special Events - 2.00 2.00 - 2.00
Municipal Court 4.50 4.50 4.50 - 4.50
Police Operations 46.00 82.00 82.96 - 82.96
9-1-1 Communications 17.00 17.00 17.00 - 17.00
Fire Operations 44.00 85.00 85.00 - 85.00
Fire Marshal 5.00 5.00 5.00 - 5.00
Inspections 20.00 20.00 20.00 (1.00) 19.00
Code Compliance 5.00 5.00 5.00 1.00 6.00
Geographic Information Systems - - 3.00 - 3.00
Planning 7.00 7.00 7.00 - 7.00
Streets 13.00 15.00 15.00 - 15.00
Facilities 5.00 5.00 5.00 - 5.00
Parks 42.00 41.00 41.50 - 41.50
Library 12.00 13.00 13.00 - 13.00
Engineering 16.50 16.50 16.50 - 16.50
Total General Fund 278.75 359.75 362.21 0.0 362.21
Crime Control 30.00 - - - -
Fire Control 32.00 - - - -
Water & Wastewater 67.00 69.00 69.00 3.00 72.00
Solid Waste 1.00 1.00 1.00 - 1.00
Stormwater Drainage 5.00 6.00 6.00 1.00 7.00
Total Town of Prosper Employees, All Funds 413.75 435.75 438.21 4.00 442.21
All positions are shown as full-time equivalents. (FTE)
Revised 2025-2026
Transfer (1) Management Analyst position from Town Manager to Finance
Transfer (3) GIS positions from Information Technology to GIS
Reclass (3) Police Officer positions to (3) Community Service Officers and add (2) Part-time Drone Pilots (0.38 FTEs total)
Transfer (1) Marketing Coordinator from Parks to Community Engagement & Experiences
Remove (2) Special Events Positions from Parks to Special Events
Reclass (0.5) Parks Planner from Part-time to Full-time
Adopted 2026-2027
Transfer (1) Building Inspector position from Inspections to Code Compliance and Reclass to (1) Environmental Health Specialist
position
Add (1) Utility Maintenance Supervisor - Meters position to Water & Wastewater
Add (1) Crew Leader - Meters position to Water & Wastewater
Add (1) SCADA Operator position to Water & Wastewater
Add (1) Heavy Equipment Operator - Street Sweeper position to Stormwater Drainage
39Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONCombined Graphs
All Funds Revenues by Type
Investment Income
1.3%
Investment Income
1.3%
Miscellaneous
1.0%
Miscellaneous
1.0%
Impact Fees
10.8%
Impact Fees
10.8%
Taxes
40.2%
Taxes
40.2%
Inter-governmental
0.0%
Inter-governmental
0.0%
License, Fees & Permits
7.9%
License, Fees & Permits
7.9%
Charges for Services
37.8%
Charges for Services
37.8%
All Funds Expenditures by Type
Engineering
1.6%
Engineering
1.6%Debt Service
18.0%
Debt Service
18.0%
Economic Infrastructure Development
7.4%
Economic Infrastructure Development
7.4%
Impact Fee Infrastructure Development
1.3%
Impact Fee Infrastructure Development
1.3%
General Government
13.7%
General Government
13.7%
Public Safety
19.7%
Public Safety
19.7%
Community Services
7.9%
Community Services
7.9%
Streets & Highways
9.1%
Streets & Highways
9.1%
Development Services
2.6%
Development Services
2.6%
Utility Services
17.4%
Utility Services
17.4%
One - Time Expenditure
1.3%
One - Time Expenditure
1.3%
40 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONProperty Tax Rate Distribution
M & O and I & S Funds
Fiscal Year M&O Funds I&S Fund Total M&O Percentage I&S Percentage
2021-22 0.328000 0.182000 0.510000 64%36%
2022-23 0.329830 0.180170 0.510000 65%35%
2023-24 0.332742 0.177258 0.510000 65%35%
2024-25 0.324608 0.180392 0.505000 64%36%
2025-26 0.322054 0.182946 0.505000 64%36%
2026-27 0.331000 0.174000 0.505000 65%35%
Tax Rate Distribution
Fiscal YearTax Rate
M&O Funds I&S Fund
2021-22
2022-23
2023-24
2024-25
2025-26
2026-27
0.0 0.1 0.2 0.3 0.4 0.5 0.6
41Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONProperty Valuations & Ad Valorem Taxes
General and I & S Funds
Tax YearThousandsCertified Assessed Valuation
$3,114,007$3,114,007
$3,666,923$3,666,923
$4,209,067$4,209,067 $4,601,196$4,601,196
$5,437,211$5,437,211
$6,616,008$6,616,008
$8,335,297$8,335,297
$9,622,102$9,622,102
$10,806,492$10,806,492
$11,495,554$11,495,554
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026
$0
$2,500,000
$5,000,000
$7,500,000
$10,000,000
$12,500,000
$15,000,000
Source: Collin CAD and Denton CAD Certified Totals Tax Years 2017-2026
Certified Taxable Value (excluding freeze values) Increased 6.38%
New Construction Totaled $607,241,178
Ad Valorem Taxes
Total Freeze Adjusted Taxable Value $ 11,495,554,122
Times Adopted Tax Rate (Per $100) 0.505
Times Anticipated Tax Collections 100%
Plus Actual Tax on Freeze $ 4,523,224
Total Tax Levy $ 62,575,772
One Penny on the Tax Rate $ 1,149,555
42 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONTax Levy Analysis
Market value: Real property: Land $ 6,019,102,747Improvements 10,468,752,483Business personal property 465,708,296 16,953,563,526Less property exemptions: Type: Homestead Exemption (1,597,434,076)Over 65 (19,154,100)Disabled (228,000)Disabled veterans (283,010,685)Totally exempt (1,821,211,406)Productivity Loss (1,131,149,168)Business Personal Property Exemption (74,213,886)Freeport (9,758,022)Leased vehicles (65,495,435)HS capped value (145,769,993)Non-HS capped value (49,436,826)Other exemptions (1,637,436) (5,198,499,033) Certified Assesed Valuation 11,755,064,493 Property Under Protest 928,804,701 Freeze Market Value (1,188,315,072) Net Taxable Value 11,495,554,122 Total Estimated Taxable Value 11,495,554,122 Rate per $100.00 0.505000 Total Tax Levy 58,052,548 Estimated Percent Collection 100% Estimated Current Tax Collection 58,052,548 Estimated Freeze Tax Collection 4,523,224 Estimated Total Tax Collection 62,575,772
Fund Percent Rate Amount
Debt Service 33.34% 0.168347 19,352,369
General Fund 44.65% 0.225458 25,917,733
TIRZ 3.25% 0.016408 1,886,190
Capital Dedicated 18.77% 0.094787 10,896,257
TOTAL 100% 0.505000 58,052,549
Debt Service Freeze 1,558,497
General Fund Freeze 2,964,727
TOTAL FREEZE 4,523,224
43Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONAnalysis of Assessed Valuation
Fiscal Year
Certified Assessed
Value
Est. Value Protested
Property
Freeze Market
Value Total
% Change in
Value Tax Rate Tax Reduction
2017 2,647,375,470 95,133,943 (196,365,692) 2,546,143,721 19.58%$ 0.520 $ -
2018 3,310,573,869 37,521,811 (234,088,457) 3,114,007,223 22.30%$ 0.520 $ -
2019 3,875,459,512 67,288,252 (275,824,991) 3,666,922,773 17.76%$ 0.520 $ -
2020 4,345,431,730 198,730,513 (335,094,744) 4,209,067,499 14.78%$ 0.520 $ -
2021 4,631,235,138 272,443,697 (302,482,534) 4,601,196,301 9.32%$ 0.520 $ -
2022 5,829,301,102 97,937,130 (490,027,668) 5,437,210,564 18.17%$ 0.510 $ (0.01)
2023 6,966,662,893 227,376,068 (578,031,097) 6,616,007,864 21.68%$ 0.510 $ -
2024 8,762,965,980 266,856,267 (694,525,568) 8,335,296,679 25.99%$ 0.510 $ -
2025 10,207,870,571 256,534,035 (842,303,011) 9,622,101,595 15.44%$ 0.505 $ (0.005)
2026 11,221,074,586 637,303,877 (1,051,886,556) 10,806,491,907 12.31%$ 0.505 $ -
2027 11,755,064,493 928,804,701 (1,188,315,072) 11,495,554,122 6.38%$ 0.505 $ -
Est. Value Protested Property Certified Assessed Value
2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027
$0
$2,500,000,000
$5,000,000,000
$7,500,000,000
$10,000,000,000
$12,500,000,000
$15,000,000,000
44 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONTaxable Values by Type
Generally, the higher the percentage of commercial and business personal property (BPP) in a government’s
tax base, the lower the property tax rate. This is due to residents requiring a higher level of service than
their property tax typically provides. Tracking changes in tax values by type over time also shows shifts
in tax burdens between categories of taxpayers.
FY2017 FY2026 FY2027 FY 26 to FY 27 %
Total % of Total Total % of Total Total % of Total Change Change
Real: Residential Single Family, Mobile Homes $ 1,997,440,684 78.45%$ 8,092,309,436 74.88%$ 8,474,986,363 73.72%$ 382,676,927 4.73%
Real: Commercial, Industrial and Other $ 477,379,691 18.75%$ 2,435,719,539 22.54%$ 2,805,838,499 24.41%$ 370,118,960 15.20%
BPP: Commercial and Industrial $ 71,323,346 2.80%$ 278,462,932 2.58%$ 214,729,250 1.87%$ (63,733,682) -22.89%
Grand Totals $ 2,546,143,721 100.00%$ 10,806,491,907 100.00%$ 11,495,554,112 100.00%$ 689,062,205 6.38%
Tax Rate $ 0.520000 $ 0.505000 $ 0.505000 $ - 0.00%
Average Homestead Market Value $ 445,813 $ 916,840 $ 892,268 $ (24,572) -2.68%
Average Homestead Taxable Value $ 403,971 $ 696,676 $ 719,390 $ 22,714 3.26%
Average Homestead Tax Bill $ 2,101 $ 3,518 $ 3,633 $ 115 3.27%
Tax Bill Per $100,000 Market Value of Homestead $ 520 $ 417 $ 417 $ - 0.00%
45Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONSales Taxes
ThousandsGeneral, Special Purpose Districts, and EDC Funds
$2,283$2,283 $2,687$2,687
$3,309$3,309
$4,451$4,451
$5,171$5,171 $5,538$5,538 $5,829$5,829 $6,049$6,049
$7,516$7,516 $7,579$7,579
$2,606$2,606
$3,229$3,229
$4,376$4,376
$5,094$5,094 $5,494$5,494 $5,829$5,829 $6,440$6,440
$7,021$7,021 $7,397$7,397
$6,849$6,849 $5,374$5,374 $6,618$6,618 $8,902$8,902 $10,343$10,343 $11,077$11,077 $11,658$11,658 $12,099$12,099 $14,209$14,209 $15,159$15,159
EDC Sales Tax SPDs Sales Tax Town Sales Tax & TIRZ
FY
2017/18
FY
2018/19
FY
2019/20
FY
2020/21
FY
2021/22
FY
2022/23
FY
2023/24
FY
2024/25
Amended
FY
2025/26
Adopted
FY
2026/27
$0
$6,000
$12,000
$18,000
$24,000
$30,000
$36,000
Source: The Texas State Comptrollers Website
Notes: The Town held an election May, 2018 to create two Special Purpose Districts for Crime and Fire
that are supported by a quarter of a percent of sales tax collected in the Town. The initial approval was
for five years. In May of 2023, voters approved a twenty year extention on the Special Purpose Districts.
Sales taxes contribute approximately 18.9% 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.
The Town’s three major categories (Retail trade, General Services, and Food) make up approximately 79%
of the Town’s sales tax collections.
46 Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONImpact Fee Revenues
Impact Fee Funds
$10,745,654$10,745,654
$11,631,547$11,631,547
$20,570,736$20,570,736
2024-2025
Actual
2025-2026
Amended
2026-2027
Adopted
$0
$4,000,000
$8,000,000
$12,000,000
$16,000,000
$20,000,000
$24,000,000
Town of Prosper’s Code of Ordinances, Section 10.02.001 purpose of impact fees is to assure the provision
of adequate public facilities to serve new development in the Town by requiring each such development
to pay its share of the costs of such improvements by and attributable to such new development. The
budget reflects a conservative revenue forecast for impact fees based on growth that is taking place, but
not at the rate reflected in previous years.
Texas Local Government Code Chapter 395 requires an impact fee analysis before impact fees are set.
Chapter 395 requires that land use assumptions and capital improvement plans be updated at least every
five years, and the Town of Prosper last completed an impact fee analysis in 2017. In 2023, the Town began
an updated Impact Fee Study and the analysis was completed in 2025. During FY 2024-2025, Council
adopted land use assumptions and a capital improvements plan establishing impact fees for water,
wastewater, and roadways by amending Article, 10.02 “Capital Improvements and Impact Fees.” These
Impact Fees were effective for Impact Fees assessed the following Fiscal Year in FY 2025-2026 and later.
47Town of Prosper, TX | Adopted Budget | 2026-2027
INTRODUCTIONWater and Wastewater Revenues
Water & Sewer Fund
$27,371,398$27,371,398
$32,053,861$32,053,861
$36,342,585$36,342,585
$17,899,593$17,899,593
$20,821,396$20,821,396
$23,853,160$23,853,160
Water Wastewater
2025-2026
Amended
2026-2027
Adopted Budget
2027-2028
Planning Year
$0
$8,000,000
$16,000,000
$24,000,000
$32,000,000
$40,000,000
$48,000,000
The Council has been requested to approve increases in water and wastewater rates starting in Fiscal
Year 2026-2027. Water rates for Fiscal Year 2026-2027 are projected to go up by 13.95%, even as water
costs have surged by 13.1%. Wastewater rates are expected to increase by 17.96% to address a 10.0%
rise in treatment costs and to expand wastewater treatment capacity by an additional three million gallons
per day, which is essential for supporting the Town’s projected growth. Town staff, in collaboration with
a professional rate consultant, review these rates annually. The Town is also investing in water system
technology and a meter replacement program to better manage costs and will continue monitoring rates
to maintain adequate fund balance reserves.
Ten Largest Water Customers
Customer Type of Business
Consumption
(gallons)
% of Total
Usage
PISD School District 50,125 1.50%
Orion Prosper LLC Multifamily Housing 34,927 1.10%
Town of Prosper Government 32,212 1.00%
Windsong Ranch Community Association Homeowners Association 30,940 0.90%
GOP #2, LLC Shopping Center 18,928 0.60%
Cook Children’s Hospital Medical 18,530 0.60%
Siteone Landscape Supply Landscape Materials 18,146 0.50%
GOP MultiFamily LLC Multifamily Housing 17,859 0.50%
Pogue Construction Construction 16,613 0.50%
Super Splash LLC Car Wash 13,380 0.40%
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48 Town of Prosper, TX | Adopted Budget | 2026-2027
2026-2027
General Fund
TOWN OF PROSPER, TX
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50 Town of Prosper, TX | Adopted Budget | 2026-2027
51Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDGeneral Fund Description
The General Fund is the operating fund of the Town. The General Fund receives and accounts for all general
tax revenues and other receipts that are not restricted by law or contractual agreement to some other
designated fund. The General Fund includes a greater variety and amount of revenues, and finances a
wider range of governmental activities than any other fund. The primary revenue sources for the General
Fund are property taxes, sales taxes, franchise fees, license and permit fees, fines and warrants, and
miscellaneous general revenues.
The General Fund accounts for general purpose expenditures for most government functions. Operations
in the General Fund provide basic services such as Administration, Police Services, Fire Services, Public
Works, Community Services, Development Services, and Engineering. Included for each operational
area is an organizational chart, program description, goals and objectives, personnel summary, and an
expenditure summary.
52 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDGeneral Fund
Fund Balance
Unrestricted Contingency per Charter 1% Reserve Over Minimum Reserve
2022-2023
Actual
2023-2024
Actual
2024-2025
Actual
2025-2026
Budget
2025-2026
Amended
2026-2027
Adopted
$0
$1,500,000
$3,000,000
$4,500,000
$6,000,000
$7,500,000
$9,000,000
$10,500,000
$12,000,000
$13,500,000
$15,000,000
Fiscal Year Days Over Minimum Reserve Value of Each Day
2022-2023 38 $ 139,678
2023-2024 2 $ 134,933
2024-2025 -$ 179,606
2025-2026 9 $ 174,605
2026-2027 -$ 194,501
The Town Charter contains a legal restriction on a Contingent Reserve of the General Fund in the amount
of twenty percent (20%). It is the goal of the Town to achieve and maintain an unassigned fund balance
in the General Fund equal to five percent (1%) of budgeted expenditures for unanticipated expenditures,
unforeseen revenue fluctuations, or other adverse circumstances. This amount is in addition to the twenty
percent (20%) restricted fund balance amount required by the Town Charter.
53Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDGeneral Fund Revenues
By Source
Revenue Category
FY 2027
Adopted % of Total
Property Tax 29,142,460 40.4%
Sales Tax 13,677,166 18.9%
Franchise Fees 5,350,739 7.4%
License, Fees & Permits 6,572,909 9.1%
Charges for Services 1,912,934 2.6%
Fines & Warrants 612,351 0.8%
Investment Income 1,000,000 1.4%
Transfers In 2,127,225 2.9%
Miscellaneous 414,930 0.6%
Park Fees 759,041 1.1%
Transfer In from SPD 7,518,125 10.4%
Transfer In from CIP 1,739,138 2.4%
One-Time Revenues 1,359,594 2.0%
Revenue Total $ 72,186,612 100.0%
Property Tax
40.4%
Property Tax
40.4%
Sales Tax
18.9%
Sales Tax
18.9%Franchise Fees
7.4%
Franchise Fees
7.4%
License, Fees & Permits
9.1%
License, Fees & Permits
9.1%
Charges for Services
2.6%
Charges for Services
2.6%
Fines & Warrants
0.8%
Fines & Warrants
0.8%
Investment Income
1.4%
Investment Income
1.4%
Transfers In
2.9%
Transfers In
2.9%
Miscellaneous
0.6%
Miscellaneous
0.6%
Park Fees
1.1%
Park Fees
1.1%
Transfer In from SPD
10.4%
Transfer In from SPD
10.4%
Transfer In from CIP
2.4%
Transfer In from CIP
2.4%
One-Time Revenues
2.0%
One-Time Revenues
2.0%
54 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDGeneral Fund Appropriations
By Department
Department
FY 2027
Adopted % of Total
Administration 12,311,910 17.0%
Police Services 17,538,093 24.3%
Fire Services 17,615,441 24.4%
Public Works 5,827,386 8.1%
Community Services 9,160,050 12.7%
Development Services 4,672,782 6.5%
Engineering 2,894,678 4.0%
One-Time Expenditure 2,272,316 3.0%
Expense Total $ 72,292,656 100.0%
FY 2027 Adopted - $72,292,656
Administration
17.0%
Administration
17.0%
Police Services
24.3%
Police Services
24.3%
Fire Services
24.4%
Fire Services
24.4%
Public Works
8.1%
Public Works
8.1%
Community Services
12.7%
Community Services
12.7%
Development Services
6.5%
Development Services
6.5%
Engineering
4.0%
Engineering
4.0%
One-Time Expenditures
3.0%
One-Time Expenditures
3.0%
FY 2026 Amended - $66,203,824
Administration
16.8%
Administration
16.8%
Police Services
23.4%
Police Services
23.4%
Fire Services
24.2%
Fire Services
24.2%
Public Works
7.8%
Public Works
7.8%
Community Services
12.7%
Community Services
12.7%
Development Services
6.1%
Development Services
6.1%
Engineering
3.9%
Engineering
3.9%
One-Time Expenditures
5.1%
One-Time Expenditures
5.1%
55Town of Prosper, TX | Adopted Budget | 2026-2027GENERAL FUND
General Fund Summary
Fund/Account Type
Actual
2024-2025
Original
2025-2026
Adopted
Amended
2025-2026
Adopted
Budget
2026-2027
Planning Year
2027-2028
Planning Year
2028-2029
Planning Year
2029-2030
Planning Year
2030-2031
Revenue
Property Tax 23,102,540 26,277,088 26,323,487 29,142,460 29,330,291 29,745,298 30,536,344 31,756,882
Sales Tax 11,879,599 13,199,055 12,820,000 13,677,166 14,487,926 15,212,461 15,970,294 16,763,386
Charges for Services 2,314,317 1,652,037 1,899,891 1,912,934 2,052,934 2,242,934 2,452,934 2,662,934
Park Fees 677,886 789,041 799,630 759,041 759,041 759,041 759,041 759,041
Franchise Fees 3,722,110 4,685,174 4,753,852 5,350,739 5,624,224 5,921,417 6,244,491 6,595,845
Licenses, Fees, & Permits 5,394,146 7,759,262 5,997,224 6,572,909 6,671,126 6,772,605 6,876,489 6,982,826
Fines & Warrants 531,751 581,244 581,364 612,351 642,861 674,897 708,534 743,853
Investment Income 674,973 750,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000 1,000,000
Miscellaneous 516,813 361,071 620,044 414,930 414,930 414,930 414,930 414,930
Transfers In 1,478,696 2,025,658 2,025,658 2,127,225 4,276,246 4,340,716 4,407,121 4,475,518
Transfer In from SPD - 6,885,055 7,021,109 7,518,125 7,829,352 8,220,820 8,631,860 9,063,454
Transfer In from CIP - 1,479,216 1,750,000 1,739,138 1,791,312 1,845,052 1,900,404 1,957,416
Total Revenue $ 50,292,830 $ 66,443,901 $ 65,592,259 $ 70,827,018 $ 74,880,243 $ 77,150,171 $ 79,902,442 $ 83,176,085
Expenditures
Administration 12,261,756 12,131,498 11,129,948 12,311,910 12,775,480 12,824,831 13,176,332 13,377,762
All Other Departments New Town Positions - - - - 892,650 501,594 663,075 762,987
Police Services 10,474,217 15,622,642 15,487,754 17,538,093 18,432,189 18,753,806 19,221,650 19,699,883
New Police Positions - - - - 865,079 1,026,922 802,646 933,996
Fire Services 10,712,872 15,822,323 16,011,984 17,615,441 18,499,997 18,867,710 19,331,852 19,811,876
New Fire Positions - - - - 746,550 495,450 - 319,950
Public Works 4,257,154 5,497,866 5,186,441 5,827,386 5,962,989 6,012,132 6,081,467 6,153,261
Community Services 7,552,318 8,822,050 8,425,500 9,160,050 9,663,949 9,788,755 9,973,562 10,164,935
Development Services 3,803,780 4,072,427 4,038,219 4,672,782 4,932,307 5,052,230 5,190,706 5,333,401
Engineering 2,475,809 2,689,307 2,577,954 2,894,678 3,037,383 3,128,587 3,222,843 3,320,255
Total Expenditures $ 51,537,905 $ 64,658,113 $ 62,857,800 $ 70,020,340 $ 75,808,573 $ 76,452,017 $ 77,664,133 $ 79,878,306
Net Recurring Funds $ (1,245,075)$ 1,785,788 $ 2,734,459 $ 806,678 $ (928,330)$ 698,154 $ 2,238,309 $ 3,297,779
NON-RECURRING “ONE-TIME” REVENUES
Grants 560,928 1,796,663 2,025,555 1,359,594 150,000 150,000 150,000 150,000
Total NON-RECURRING “ONE-TIME” REVENUES $ 560,928 $ 1,796,663 $ 2,025,555 $ 1,359,594 $ 150,000 $ 150,000 $ 150,000 $ 150,000
NON-RECURRING “ONE-TIME” EXPENDITURES
One-Time Expenditures* 1,353,977 3,550,909 3,346,024 2,272,316 91,629 91,629 91,629 91,629
Total NON-RECURRING “ONE-TIME” EXPENDITURES $ 1,353,977 $ 3,550,909 $ 3,346,024 $ 2,272,316 $ 91,629 $ 91,629 $ 91,629 $ 91,629
NET NON-RECURRING “ONE-TIME” FUNDS $ (793,049)$ (1,754,246)$ (1,320,469)$ (912,722)$ 58,371 $ 58,371 $ 58,371 $ 58,371
Change in Fund Balances $ (2,038,124)$ 31,542 $ 1,413,990 $ (106,044)$ (869,959)$ 756,525 $ 2,296,680 $ 3,356,150
Beginning Fund Balance $ 13,491,278 $ 11,792,309 $ 11,453,154 $ 12,867,144 $ 12,761,100 $ 11,891,141 $ 12,647,666 $ 14,944,346
Ending Fund Balance $ 11,453,154 $ 11,823,851 $ 12,867,144 $ 12,761,100 $ 11,891,141 $ 12,647,666 $ 14,944,346 $ 18,300,496
Balance of Unrestricted Funds $ 11,453,154 $ 11,823,851 $ 12,867,144 $ 12,761,100 $ 11,891,141 $ 12,647,666 $ 14,944,346 $ 18,300,496
Less: Contingency per Charter 10,307,581 11,258,768 10,817,338 12,152,615 13,237,582 13,277,229 13,426,374 13,771,487
1% Reserve 515,379 562,938 540,867 607,631 661,879 663,861 671,319 688,574
Amount Over (Under) Minimum Reserve Target $ 630,193 $ 2,144 $ 1,508,939 $ 853 $ (2,008,320)$ (1,293,425)$ 846,653 $ 3,840,434
% Amount Over Minimum Reserve Target 1% 0% 2% 0% -3% -2% 1% 5%
Amount Over (Under) in Days Operating Cost 4 0 9 0 (10) (6) 4 18
56 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDGeneral Fund Overview
General Fund
Town Manager's
Office
Town Secretary's
Office
Finance
Human Resources
Information
Technology
Community
Engagement &
Experiences
Municipal Court
Non-Departmental
Administration
Operations
9-1-1
Communications
Operations
Marshal
Police
Services Fire Services Public Works Community
Services
Development
Services Engineering
Streets
Traffic
Facilities
Management
Park Administration
Park
Operations
Park
Recreation
Library
Building Inspections
Code Compliance
GIS
Engineering
Director of Public Works
Senior
Administrative
Assistant
Sr. Backflow
Inspector
Planning
57Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Town Manager’s Office oversees all community functions and services by providing leadership and
direction to the Town’s various departments. The Town Manager provides administrative guidance to
the Town Council and is responsible for managing all the affairs of the Town, except where otherwise
specified in the Town Charter. The Town Manager and Executive Team act as key liaisons among the
Town Council, residents, and staff to:
●Deliver excellence in municipal services to our community
●Effectively communicate and implement Town Council priorities and objectives
●Foster a strong, vibrant, and sustainable future for Prosper
Alignment to Town Council’s Visioning Priorities and Objectives
●Commit to being a high-performing organization by continuously improving service delivery. Foster
a culture of excellence that welcomes residents, visitors, and employees, and provides the tools,
resources, and support needed to achieve outstanding municipal outcomes - (SVP 1)
●Collaborate with the Capital Improvement Subcommittee to ensure that public infrastructure is
strategically planned and constructed to meet the needs of Prosper’s growing population. Leverage
all available financial tools to fund critical capital projects - (SVP 2)
●Foster the continued growth and vibrancy of Downtown Prosper by partnering with local business
owners, the Citizen Engagement Committee, and the Prosper Economic Development Corporation
(EDC) to enhance its appeal as a community gathering place and visitor destination - (SVP 3)
●Proactively position Prosper’s main commercial corridors—U.S. Highway 380 and the Dallas North
Tollway (DNT)—for high- quality development through thoughtful planning, infrastructure readiness,
and strategic engagement with stakeholders - (SVP 4)
●Explore innovative strategies to support a growing and diversified tax base, ensuring the Town’s
long-term fiscal sustainability and continued delivery of high-quality municipal services for Prosper
residents - (SVP 5)
Activity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Commercial taxable value as a percentage of total taxable value 21.5% 22.5% 24.4%
Percentage change in taxable commercial property values 18.0% 16.2% 11.3%
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Certified Tax Roll - percentage change from prior year 14.3% 12.3% 6.4%
New property value as a percentage of taxable value growth 68.3% 64.1% 88.1%
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 1,215,921 1,297,908 1,216,868
Operations 178,333 194,997 195,472
Utilities 3,172 900 1,450
Total 1,397,426 1,493,805 1,413,790
division: TOWN MANAGER’S OFFICEdepartment: ADMINISTRATION
58 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUND 2025 2026 2027
Personnel Summary Actual Revised Adopted
Assistant Town Manager 1.00 1.00 1.00
Deputy Town Manager 1.00 1.00 1.00
Executive Director 1.00 1.00 1.00
Management Analyst 1.00 - -
Town Manager 1.00 1.00 1.00
Total 5.00 4.00 4.00
Town Manager
Deputy Town
Manager
Assistant Town
Manager
Executive
Director Fire Chief Police Chief
division: TOWN MANAGER’S OFFICEdepartment: ADMINISTRATION
59Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Town Secretary is responsible for providing comprehensive administrative support to the Mayor
and the Town Council. Key duties include posting meeting notices in compliance with the Texas Open
Meetings Act, preparing agenda items and materials for Town Council, Board and Commission meetings,
coordinating and administering municipal elections, and responding to Public Information Requests in
accordance with the Texas Public Information Act. In addition, the Town Secretary serves as the Town’s
Records Management Officer, overseeing the town-wide records management program. This includes
coordinating the storage and disposition of inactive records, supporting and training Town staff on
records management procedures, and maintaining the Town’s historical records. The Town Secretary
reports directly to the Executive Director. Support staff include a Deputy Town Secretary and an Executive
Assistant, who also provides support to the Town Manager’s Office, including the Deputy Town Manager
and, occasionally, the Executive Director.
Alignment to Town Council’s Visioning Priorities and Objectives
●Provide professional, timely, and courteous administrative support to the Town Council - (SVP 1)
●Respond promptly to requests for documents, ensuring that internal and external customers
receive information in a timely manner - (SVP 1)
●Publish legal notices to satisfy state law and inform the public through print media - (SVP 1)
●Post meeting notices and other legally required public notices in accordance with the Open
Meetings Act, the Election Code, and state law - (SVP 1)
●Maintain official Town records in accordance with the Public Information Act and the Texas State
Library guidelines for records management - (SVP 1)
●Continue professional development and networking opportunities through appropriate professional
organizations - (SVP 1)
●Establish and maintain positive relationships with elected officials, Town staff, and the public -
(SVP 1)
●Provide outstanding customer service to the public and to Town of Prosper staff - (SVP 1)
●Coordinate all aspects of Town elections, including managing contracts through Collin and Denton
Counties for election services - (SVP 1)
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Board and Commission Applications Processed 57 47 35
Registered Voters 26,072 26,617 27,324
Public Information Requests (PIRs) processed 618 749 766
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Meeting notices and other public notices posted on the Town bulletin board and website in accordance with Open Meetings Act 100% 100% 100%
Voter turnout in Town of Prosper General/Special Election N/A 16% 15%
Registered voters as a percentage of population 61% 58% 55%
Responses to PIR’s within 10 business days 100% 100% 100%
division: TOWN SECRETARY’S OFFICE department: ADMINISTRATION
60 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDExpenditure Summary Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Personnel 324,827 370,109 398,414
Operations 300,843 277,810 304,110
Utilities 10 4,200 4,200
Total 625,680 652,119 706,724
2025 2026 2027
Personnel Summary Actual Revised Adopted
Town Secretary 1.00 1.00 1.00
Deputy Town Secretary - 1.00 1.00
Executive Assistant 1.00 1.00 1.00
Records Management Specialist 1.00 - -
Total 3.00 3.00 3.00
Town Secretary
Deputy Town
Secretary Executive Assistant
division: TOWN SECRETARY’S OFFICE department: ADMINISTRATION
61Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Finance Department is responsible for all financial management of the Town including: cash receipts,
cash disbursements, procurement, payroll, deposits and investments, grant management, financial projects,
budget, organization-wide internal controls and the issuance of the annual audited financial statements.
In addition, Finance must ensure compliance with Federal and State statutes, debt covenants and grant
requirements.
Alignment to Town Council’s Visioning Priorities and Objectives
●Continue to maintain our current bond credit rating, Fitch AAA and S&P AA+. – (SVP 1)
●Receive the Certificate of Achievement from GFOA for the Annual Comprehensive Financial Report.
– (SVP 1)
●Maximize use of e-procurement system. – (SVP 1)
Activity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Invoices processed per Accounts Payable FTE (Monthly Avg.) 597 608 625
Journal Entries Processed 4,391 4,500 4,600
Payroll transactions processed per Payroll FTE 10,672 10,800 11,000
Managed Spend Transactions Processed 9,034 9,655 10,300
Bids/Contracts Processed 85 98 85
Capital Improvement Projects Managed 87 94 102
Grants Administered 13 12 14
Efficiency / Effectiveness Measures Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Average invoice processing time (Days since received) 12 10 10
Percentage of Vendors utilizing ACH/Wire Payments 33% 38% 45%
Cost Avoidance attributed to Bids $ 13,418,727 $ 11,345,855 $ 12,000,000
Grant Funding Awarded $ 6,673,147 $ 5,377,799 $ 21,408,299
Average General Fund Personnel Cost per FTE $ 2,912,748 $ 3,777,097 $ 4,170,729
Expenditure Summary Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Personnel 1,401,721 1,475,256 1,671,655
Operations 748,945 942,769 958,979
Utilities 2,293 2,729 2,579
Total 2,152,959 2,420,754 2,633,213
division: FINANCEdepartment: ADMINISTRATION
62 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUND 2025 2026 2027
Personnel Summary Actual Revised Adopted
Accounting Manager 1.00 1.00 1.00
Accounts Payable Specialist 1.00 1.00 1.00
Administrative Assistant 0.50 - -
Assistant Finance Director 1.00 1.00 1.00
Assistant Purchasing Manager 1.00 - -
Budget Officer & Grants Administrator 1.00 1.00 1.00
Buyer 1.00 1.00 1.00
Finance Director 1.00 1.00 1.00
Financial Services Specialist - 1.00 1.00
Fleet Coordinator 1.00 - -
Payroll Administrator 1.00 1.00 1.00
Purchasing Administrator - 1.00 1.00
Purchasing Manager 1.00 1.00 1.00
Senior Accountant 2.00 2.00 2.00
Management Analyst - 1.00 1.00
Total 12.50 13.00 13.00
Finance Director
Senior
Accountant (2)
Accounts Payable
Specialist
Payroll
Administrator
Financial Services
Specialist
Buyer
Purchasing
Administrator
Budget Officer &
Grants
Administrator
Purchasing
Manager
Assistant Finance
Director
Accounting
Manager
Management
Analyst
division: FINANCEdepartment: ADMINISTRATION
63Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Human Resources Department assists departments in hiring and managing great talent to support
the goals of the Town. Specific services offered include Risk Management, training and development,
a comprehensive benefit program, performance review and improvement, employee engagement, and
recognition
Alignment to Town Council’s Visioning Priorities and Objectives
●Maintain a quality workforce through effective recruitment and retention efforts - (SVP 1)
●Support positive Town culture through delivering HR services in a timely manner which meet the
needs of employees - (SVP 1)
●Facilitate leadership and employee development through providing educational tools, resources,
and training to support employee growth - (SVP 1)
Activity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Number of employees hired 68 110 110
Terminations 31 43 47
Applications Received 3,422 5,820 6,402
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Full-Time turnover 8.0% 11% 9%
Time to hire (days) 67 34 30
Employee participation in wellness benefits 51% (200)54% (217)60% (240)
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 607,371 623,882 614,511
Operations 255,546 256,721 328,945
Utilities 229 480 480
Total 863,146 881,083 943,936
2025 2026 2027
Personnel Summary Actual Revised Adopted
HR Director 1.00 1.00 1.00
HR Generalist 1.00 1.00 1.00
HR Manager 1.00 1.00 1.00
HR Specialist 1.00 1.00 1.00
Payroll Specialist 0.75 0.75 0.75
Total 4.75 4.75 4.75
division: HUMAN RESOURCES department: ADMINISTRATION
64 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDHuman Resources Director
Human Resources
Specialist Payroll Specialist
Human
Resources Manager
Human Resources
Generalist
division: HUMAN RESOURCES department: ADMINISTRATION
65Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Information Technology Department supports the Town’s technology systems and services, including
critical public-safety operations, enterprise applications, end-user computing, telecommunications, networks,
cybersecurity, data systems, and technology projects. The Department plans, implements, maintains,
secures, and supports the Town’s technology environment while providing Service Desk support and
technology consultation to Town departments.
Alignment to Town Council’s Visioning Priorities and Objectives
●Complete implementation of Tyler for Municipal Courts - (SVP 1)
●Continue migration of workstations to Entra-native joined - (SVP 1)
●Refine and enforce SLA thresholds for the service desk - (SVP 1)
●Begin establishing a formal GRC program - (SVP 1)
●Continue work to align with CIS Control cybersecurity framework - (SVP 1)
●Begin establishing a formal asset management program - (SVP 1)
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Average help desk tickets opened per month 309 319 350
Average support tickets opened per support FTE per month - 80 83
Devices Supported - 955 970
New employee technology onboarding - 83 85
Active technology & business projects - 30 30
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Median time to 1st response (business hours) 48.0 29.7 24.0
Median time to resolve - - 24
Average labor time per ticket (hours) - - 1
Technology & business projects completed - 29 30
Employee satisfaction with I.T. service desk - 87% 90%
Unplanned interruption hours (critical technology services) - - 40
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 1,416,510 1,464,227 1,220,078
Operations 1,375,242 1,472,755 1,573,148
Verf Chrg For Srvcs - 12,745 19,118
Utilities 142,300 194,862 199,673
Fuel 834 1,200 1,200
Capital 298,996 - 57,547
Total 3,233,882 3,145,789 3,070,764
division: INFORMATION TECHNOLOGY department: ADMINISTRATION
66 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUND 2025 2026 2027
Personnel Summary Actual Revised Adopted
Director of Information Technology 1.00 1.00 1.00
Administrative Assistant - IT 0.50 - -
Information Technology Manager 1.00 - -
Help Desk Technician I 3.00 3.00 3.00
Help Desk Technician II 1.00 1.00 1.00
Technical Project Manager/Business Systems Analyst 1.00 1.00 1.00
GIS Analyst I 1.00 - -
GIS Analyst II 1.00 - -
GIS & Data Manager 1.00 - -
Business Systems Analyst 1.00 - -
Assistant Director of IT - 1.00 1.00
IT Operations Coordinator - 1.00 1.00
Senior Business Systems Analyst - 1.00 1.00
Total 11.50 9.00 9.00
Director of
Information Technology
IT Operations
Coordinator
Technical Project
Manager /
Business Analyst
Help Desk
Technician II
Help Desk
Technician I (3)
Assistant DirectorSenior Business
Systems Analyst
division: INFORMATION TECHNOLOGY department: ADMINISTRATION
67Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Community Engagement & Experiences (CEE) Department is committed to delivering exceptional
service to residents, staff, media, and the broader community by sharing accurate and timely information
across a variety of platforms. Our mission is to promote transparency and foster public trust by keeping
the Prosper community informed about Town news, services, programs, and events.
The CEE department leads both internal and external communication efforts, overseeing media relations,
newsletters, social media, photo and video content, the Town website, printed and digital publications,
and community engagement initiatives. Through these channels, the CEE team ensures consistent and
effective messaging that reflects the values and priorities of the Town of Prosper and the Town Council.
The CEE also facilitates special events, featuring signature community gatherings including the Downtown
Block Party, Celebrate Prosper, The Prosper Christmas Festival and more.
The department operates under the leadership of the Director of Community Engagement & Experiences
and includes a Communications Supervisor, Communications Specialist - Graphic Design, Marketing
Coordinator, Community Engagement Coordinator, Events Manager, Events Specialist and Administrative
Assistant.
Alignment to Town Council’s Visioning Priorities and Objectives
Town Council Visioning Priorities: Continue to provide excellent municipal services and promoting the
acceleration of infrastructure projects and downtown as a destination.
Goals:
●External Communication: Deliver relevant, accurate, and timely information to residents and stakeholders
through a multi-channel communication approach.
●Internal Communication: Establish and enhance effective communication tools for the Town Council
and staff to ensure seamless internal operations.
●Crisis Communication: Ensure residents are informed and the Town’s organizational stability is
protected during emergencies
●Community Engagement: Foster a strong sense of connection and involvement among residents
and stakeholders by encouraging active participation in local government programs and activities.
●Legislative Advocacy: Develop and implement strategies to effectively engage with local, state, and
federal elected officials, conveying the Town’s legislative priorities and influencing the legislative
process.
●Develop Downtown Prosper as a destination through special event activation, with collaboration
with the Downtown Business Alliance, Community Engagement Committee and Downtown Advisory
Committee.
●Increase the Hotel Occupancy Tax (HOT) revenue by drawing overnight visitors who fill local rooms,
which helps fund community growth while shifting the tax burden away from permanent residents.
division: COMMUNICATIONS & COMMUNITY ENGAGEMENT department: ADMINISTRATION
68 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDActivity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Social Media posts 5,514 5,789 5,000
Communication Help Tickets Resolved 599 628 628
Videos Produced 108 113 200
Digital Publications Created 180 189 195
Resident Update Subscribers 5,098 5,352 5,550
Graphic Design Requests 200 210 250
MyProsper Mobile App Service Requests Submitted 1,062 1,115 1,300
MyProsper Mobile App Downloads (per year) 1,924 2,020 2,500
Community Engagement Opportunities:
• Citizens Academy: 11 meetings | Avg. 20 participants
• Teen Government Academy: 11 meetings | Avg. 15 participants 92 92 92
• Mayor’s Youth Advisory Council: 9 meetings | Avg. 20 participants
Efficiency / Effectiveness Measures Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Social Media Engagement Rate (Likes, Comments, Shares, Retweets) 792,006 831,606 840,000
Resident Update Enews Open Rate 68% 69% 69%
MyProsper Mobile App Requests - Average Number of Days to Close 9 9 9
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 524,416 528,258 758,981
Operations 177,291 207,185 600,960
Utilities 700 651 651
Total 702,406 736,094 1,360,592
2025 2026 2027
Personnel Summary Actual Revised Adopted
Communications Director 1.00 1.00 1.00
Communications Supervisor 1.00 1.00 1.00
Communications Specialist - Graphic Design 1.00 1.00 1.00
Marketing Coordinator - 1.00 1.00
Community Engagement Coordinator 1.00 1.00 1.00
Administrative Assistant 1.00 1.00 1.00
Total 5.00 6.00 6.00
*Marketing Coordinator is paid from Hotel Occupancy Tax Fund
Community Engagement +
Experiences Director
Administrative
Assistant
Communications
Supervisor
Community
Engagement
Coordinator
Communications
Specialist -
Graphic Design
Marketing
Coordinator
division: COMMUNICATIONS & COMMUNITY ENGAGEMENT department: ADMINISTRATION
69Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Special Events Division works within the Community Engagement & Experiences Department and
plans, coordinates, and manages community events that bring residents together. These events include
seasonal festivals, concerts, holiday celebrations, and other public gatherings. The division works to foster
community pride, support local businesses, and enhance the quality of life for Prosper residents through
inclusive, safe, and memorable experiences.
Alignment to Town Council’s Visioning Priorities and Objectives
●Increase Community Participation in events through marketing and targeted outreach.
●Develop mutually beneficial partnerships with local businesses, nonprofits, and civic organizations
to enhance event offerings.
●Pursue sponsorship opportunities to increase financial sustainability and community investment in
events.
●Reimagine traditional events by incorporating innovative elements, interactive programming, and
culturally relevant themes.
●Coordinate with downtown businesses and the Prosper Economic Development Corporation to
align event timing and offerings to maximize visibility, engagement, and economic benefit.
●Ensure all events are welcoming and accessible, with specific accommodations for families and
children with special needs.
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Attendance of annual Town events (Contract partnered events not included) 13,600 15,500 17,000
Expenditure Summary Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Personnel - - 184,125
Operations - - 385,275
CEE Total - - 569,400
Operations 4,150 385,275 -
REC Total 4,150 385,275 -
2025 2026 2027
Personnel Summary Actual Revised Adopted
Special Events Manager - 1.00 1.00
Special Events Specialist - 1.00 1.00
Total - 2.00 2.00
division: SPECIAL EVENTS department: ADMINISTRATION
70 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDCommunity Engagement &
Experiences Director
Events
Specialist
Events
Manager
division: SPECIAL EVENTS department: ADMINISTRATION
71Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Municipal Court processes criminal class C misdemeanors filed by the Prosper Police Department
and code enforcement. Civil matters such as property hearings to determine ownership of recovered
stolen property are also handled by the Court. The Court is responsible for ensuring that all persons with
matters before the judge are treated professionally, courteously, and most importantly, fairly. Court staff
is available to assist customers by providing knowledge and quality information to defendants pertaining
to court procedures, hearings and/or trials. The Court is a legal forum used to protect the legal rights of
defendants and victims by following the laws of the United States, the State of Texas, and laws implemented
by the Town of Prosper.
Alignment to Town Council’s Visioning Priorities and Objectives
●Timely file, disposition and dispose of matters pending before the court - (SVP 1)
●Responsible for accurate revenue collection and reporting - (SVP 1)
●Efficient record management and activity reporting to a number of state agencies - (SVP 1)
●Handling and processing delinquent cases for warrant and collections - (SVP 1)
Activity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Cases Filed 4,100 5,900 7,000
Warrants Issued 800 1,000 1,200
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Cases Closed (citations, citizen complaints, incident reports) 3,900 6,000 7,500
Warrants Closed/Cleared (arrests and Capias pro fine) 500 600 700
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 364,105 415,306 482,397
Operations 142,570 226,226 252,203
Fuel 165 550 550
Total 506,840 642,082 735,150
2025 2026 2027
Personnel Summary Actual Revised Adopted
Court Administrator 1.00 1.00 1.00
Court Clerk 2.00 2.00 2.00
Judicial Clerk/Youth Diversion Coordinator 1.00 1.00 1.00
Marshal (Part-Time) 0.50 0.50 0.50
Total 4.50 4.50 4.50
division: MUNICIPAL COURT department: ADMINISTRATION
72 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDFinance Director
Court
Administrator
Judicial
Clerk/Youth
Diversion Coord.
Court Clerk (2)
Marshal (PT)
Assistant Finance
Director
division: MUNICIPAL COURT department: ADMINISTRATION
73Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Non-Departmental budget supports the Town’s property insurance and estimated Chapter 380 economic
development agreements. Insurance Premiums for the General Fund are also accounted for in this division.
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 443,638 378,411 553,595
Operations 210,049 85,474 119,150
Dev Reimbursements 463,725 429,850 754,850
Transfer Out 1,961,000 1,019,859 1,209,689
Total 3,078,412 1,913,594 2,637,284
*Personnel Amount is related to Insurance Premiums town-wide
division: NON-DEPARTMENTAL department: ADMINISTRATION
74 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Prosper Police Department provides comprehensive law enforcement and community-focused
public safety services to the residents, businesses, organizations, and visitors of Prosper. Guided by
our mission to make the Town of Prosper a safe place to live, work, and visit, we remain committed
to protecting life and property, maintaining public safety, and providing exceptional service with
professionalism, integrity, and accountability. We accomplish this through the dedication of our
personnel, the strategic and responsible use of resources, strong community partnerships, and the
thoughtful application of innovative technology.
We provide 24-hour law enforcement and emergency communication services, ensuring rapid response
and high visibility in the community. Under the leadership of Chief Brent Brown, the Department
maintains its status as an accredited agency under the Texas Police Chiefs Association Foundation
(TPCAF) Best Practices Recognition Program, demonstrating our commitment to excellence in law
enforcement.
The Prosper Police Department has embraced a data-driven, evidence-based crime reduction model
known as Stratified Policing. This model underpins our operational and strategic efforts, guiding
how we prioritize and respond to crime trends using real-time information. To support this model,
we employ a suite of modern technologies including Automatic License Plate Readers (ALPRs), a
Realtime Crime Center Software platform, unmanned aerial systems (drones), and internal dashboard
systems that enhance interdepartmental communication, transparency, and situational awareness.
These technologies enable us to act proactively, reduce crime, and strengthen community trust.
Alignment to Town Council’s Visioning Priorities and Objectives
Town Council Strategic Visioning Priority: Provide excellent municipal services.
The Prosper Police Department’s top priority is to reduce crime and disorder through prevention and/or
apprehensive, intelligence-led policing, and proactive field operations. We accomplish this by leveraging
crime analysis, a structured and tiered response model, and real-time data to guide our decisions and
deployments.
Utilizing the Stratified Policing framework, our officers are equipped with actionable intelligence and
supported by advanced technology such as ALPRs, Realtime Crime Center Software, and drones,
allowing them to respond to incidents with greater precision and awareness. Internal dashboards
provide ongoing analytical insights and facilitate improved internal communications across command
and operational teams.
Our Department is committed to forging strong interagency partnerships and fostering community
collaboration. We conduct thorough post-incident investigations, ensuring swift apprehensions
and successful prosecutions. Our resource deployment is both strategic and responsive, aimed at
minimizing the impact of crime and maintaining public confidence.
Guided by the core values of Character, Competence, Compassion, Courage, and Commitment, we
continually strive to make Prosper a secure and welcoming place to live, work, and visit—delivering
public safety services that reflect both innovation and accountability.
Divisions: ADMINISTRATION, PATROL, INVESTIGATIONS, SUPPORT SERVICESdepartment: POLICE
75Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDActivity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Calls for service (Police Dept. calls only) 28,720 31,553 37,353
Citizen initiated calls 12,802 12,789 15,139
Officer initiated calls 15,925 18,761 22,209
Criminal investigations (reported/investigated) 2,125 2,215 2,622
Felony Offenses resulting in arrest 239 285 337
Misdemeanor Offenses resulting in arrest 440 875 1,033
Major & Minor crashes 1,005 872 1,126
Citations 4,416 6,794 8,042
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Response time (minutes)06:30 06:22 06:00
Total Part 1 Crimes 576 485 394
Violent crimes 164 131 98
Property crimes 412 352 292
Total Part 1 Crimes per capita 1,000 12.50 10.52 7.98
Violent crimes per capita 1,000 3.56 2.84 1.99
Property crimes per capita 1,000 8.94 7.64 5.92
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 6,708,471 11,225,290 12,589,127
Operations 1,556,011 3,346,867 3,058,776
Verf Chrg For Srvcs - 444,883 668,018
Utilities 20,293 37,220 34,500
Debt 293,284 - -
Fuel 208,018 186,428 186,428
Capital 662,054 289,354 15,000
Total 9,448,132 15,530,042 16,551,849
Divisions: ADMINISTRATION, PATROL, INVESTIGATIONS, SUPPORT SERVICESdepartment: POLICE
76 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUND 2025 2026 2027
Personnel Summary Actual Revised Adopted
SWORN
Police Chief 1.00 1.00 1.00
Assistant Police Chief 2.00 2.00 1.00
Deputy Police Chief - - 3.00
Professional Standards Sergeant - - 1.00
Support Services Lieutenant - - 1.00
Recruiting/Hiring/Training Officer - - 1.00
Public Information/Training Officer - - 1.00
Community Engagement Officer - - 1.00
Patrol Lieutenant 6.00 6.00 4.00
Patrol Sergeant 11.00 11.00 8.00
Corporal 8.00 8.00 -
Auto Theft Prevention Coordinator - 1.00 1.00
Detective 8.00 8.00 7.00
Police Officer 31.00 35.00 -
Patrol Officer - - 28.00
Canine Handler - - 2.00
Traffic Sergeant - - 1.00
Traffic Officer - - 4.00
Traffic Officer (Motor) - - 2.00
CID Lieutenant - - 1.00
CID Sergeant - - 1.00
Total 67.00 72.00 69.00
CIVILIAN
Senior Administrative Assistant - PD 1.00 2.00 2.00
Crime Analyst 1.00 2.00 2.00
Crime Victim Advocate 1.00 1.00 1.00
Records Supervisor - - 1.00
Records Clerk 2.00 2.00 1.00
Case Manager 1.00 1.00 1.00
Public Safety Officer 2.00 2.00 -
Administrative Assistant - PD 1.00 - -
(PSO) Property & Evidence - - 1.00
(PSO) Quartermaster - - 1.00
Community Services Officer (CSO) - - 3.00
Part-time Drone Pilot - 0.96 0.96
Total 9.00 10.96 13.96
Divisions: ADMINISTRATION, PATROL, INVESTIGATIONS, SUPPORT SERVICESdepartment: POLICE
77Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDChief of Police
Patrol Lieutenant (4)
Crime Victim
Advocate
Case Manager
CID Sergeant
Senior
Administrative
Assistant
Crime Analyst (2)Senior Administrative
Assistant
Police Officer (28)
Patrol Sergeant (8)
Support
Services Lieutenant
Detectives (7)
Auto Theft
Prevention
Coordinator
9-1-1 Division
Recruiting/Hiring/
Training Officer
Community
Engagement Officer
Public Information/
Training Officer
Records Supervisor
PSO Property &
Equipment
CID Lieutenant
Professional Standards
Sergeant
Assistant Chief of Police
Deputy Chief Operations Deputy Chief InvestigationsDeputy Chief Support
PSO Quartermaster
Part-Time Drone Pilot (2)
Community Service Officer
(3)Traffic Sergeant
Traffic Officer (Motor) (2)
Traffic Officer (4)
Records Clerk
Divisions: ADMINISTRATION, PATROL, INVESTIGATIONS, SUPPORT SERVICESdepartment: POLICE
78 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The 9-1-1 Communications Division contributes to the safety and well-being of Prosper with efficient
and professional communication services.
Alignment to Town Council’s Visioning Priorities and Objectives
●Diligently and systematically gather information necessary to ensure a safe and effective response
for callers and first responders - (SVP 1)
Activity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Calls for service 33,078 36,871 40,558
Total Telephone Calls 9-1-1 + Non-Emergency calls 51,129 49,860 54,846
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Answering all 9-1-1 Calls within 10 seconds 98% 99% 99%
Expenditure Summary Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Personnel 1,514,587 1,761,688 1,897,944
Operations 163,813 198,132 -
Verf Chrg For Srvcs - 462 -
Utilities 19,146 3,961 -
Total 1,697,546 1,964,243 1,897,944
2025 2026 2027
Personnel Summary Actual Revised Adopted
9-1-1 Communications Manager 1.00 1.00 1.00
9-1-1 Communications CAD Administrator 1.00 1.00 1.00
9-1-1 Communications Supervisor 4.00 4.00 4.00
9-1-1 Communications Lead 4.00 4.00 4.00
9-1-1 Communications Officer 7.00 7.00 7.00
Total 17.00 17.00 17.00
division: 9-1-1 COMMUNICATIONS department: POLICE
79Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDDeputy Chief Support
9-1-1
Communications
Supervisor (4)
9-1-1
Communications
Lead (4)
9-1-1
Communications
Officer (7)
9-1-1
Communications
Manager
CAD
Administrator
division: 9-1-1 COMMUNICATIONS department: POLICE
80 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The mission of the Prosper Fire Department is to be a model of a successful fire department, focusing
on the protection of life, property, and the environment.
The Prosper Fire Department is a group of dedicated professionals working together through our commitment
to service and excellence. We dedicate ourselves to the safety of our community by providing the highest
level of service possible. We strive for constant improvement to better serve the community and each other.
Alignment to Town Council’s Visioning Priorities and Objectives
●Protection of lives and property by providing a timely response to emergency incidents – (SVP 1)
●Monitor and plan accordingly for the rapid growth while meeting the immediate needs and planning
for the future to maintain the highest level of excellence – (SVP 1)
●Continue to meet and exceed community expectation – (SVP 1)
●Achieve operational excellence by providing adequate deployment – (SVP 1)
●Enhance core competencies and skills through advanced training – (SVP 1)
●Continuing our commitment to a culture that is built on excellence, honesty, integrity, values,
respect, accountability, and family – (SVP 1)
●Ensure Fiscal Responsibility – (SVP 1)
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Calls for Service to Emergency Incidents 4,850 5,100 5,100
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Average Turnout Time 00:45 01:00 01:00
Average Response Time to Emergency Scene 06:10 04:00 04:00
EMS Chest Pain at Patient to 12-lead ECG 03:56 10:00 10:00
EMS Average Scene Time for Stroke Patients 14:00 20:00 20:00
EMS Average Scene Time for MI/STEMI Patients 14:39 20:00 20:00
Percent of Outdoor Warning Sirens Successfully Tested 100% 100% 100%
Percent of Minimum 20 Training Hours per Month per Member 100% 100% 100%
Expenditure Summary Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Personnel 8,582,853 12,787,590 14,327,301
Operations 1,253,703 1,753,455 1,540,498
Verf Chrg For Srvcs - 556,045 834,068
Utilities 31,710 28,080 28,080
Debt 66,395 - -
Fuel 80,895 101,750 101,750
Capital 19,879 91,629 91,629
Total 10,035,434 15,318,549 16,923,326
division: OPERATIONSdepartment: FIRE SERVICES
81Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUND 2025 2026 2027
Personnel Summary Actual Revised Adopted
Administrative Assistant 1.00 1.00 1.00
Assistant Fire Chief 1.00 1.00 1.00
Battalion Chief 3.00 3.00 3.00
Captain 12.00 15.00 15.00
Division Chief of EMS 1.00 1.00 1.00
Division Chief of Training 1.00 1.00 1.00
Driver/Engineer 12.00 15.00 15.00
Emergency Management Coordinator 1.00 1.00 1.00
Fire Chief 1.00 1.00 1.00
Firefighter/Paramedic 37.00 45.00 45.00
Firefighter/EMT-Basics 5.00 - -
Senior Administrative Assistant 1.00 1.00 1.00
Total 76.00 85.00 85.00
Fire Chief
Captain (15)
Driver/
Engineer (15)
Firefighter/
Paramedic (37)
Emergency
Management
Coordinator
Assistant Fire Chief
Administrative
Assistant
Senior Administrative
Assistant
Division Chief
of EMS
Division Chief
of Training Battalion Chief (3)
Firefighter EMT-B (9)
division: OPERATIONSdepartment: FIRE SERVICES
82 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Prosper Fire Marshal’s office exists to prevent and reduce the incidents of fire by increasing the
awareness and knowledge of the citizens of Prosper through fire prevention and life safety.
Alignment to Town Council’s Visioning Priorities and Objectives
●Provide fire prevention services through public education programs and regular life safety
inspections of businesses and places of assembly - (SVP 1)
●Provide fire investigative services to determine the origin and cause of fires - (SVP 1)
●Enforce fire and life safety codes through plan reviews for new construction, remodeling, and
occupancy changes in commercial buildings - (SVP 1)
●Provide public education services emphasizing fire safety - (SVP 1)
●Monitor and plan accordingly for the rapid growth while meeting the immediate needs and planning
for the future to maintain the highest level of excellence - (SVP 1)
Activity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Inspections (FM=Fire Marshal’s Office / BV=Bureau Veritas) 3,530 4,100 4,100
Fire Prevention, Total Students and Staff 11,900 14,500 14,500
Total Permits Issued 405 490 490
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Businesses Inspected Annually 85% 90% 90%
Fire Prevention, Total Students and Staff 100% 100% 100%
Total Permits Issued 100% 100% 100%
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 648,540 718,537 752,074
Operations 47,743 64,918 81,408
Verf Chrg For Srvcs - 12,540 18,810
Utilities 1,885 1,896 1,896
Fuel 8,554 6,800 9,000
Capital 82,413 - -
Total 789,135 804,691 863,188
2025 2026 2027
Personnel Summary Actual Revised Adopted
Administrative Assistant 1.00 1.00 1.00
Deputy Fire Marshal 1.00 1.00 1.00
Fire Marshall 1.00 1.00 1.00
Fire Inspector/Investigator 2.00 2.00 2.00
Total 5.00 5.00 5.00
division: MARSHALdepartment: FIRE SERVICES
83Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDFire Chief
Deputy Fire
Marshal
Fire Inspector/
Investigator (2)
Administrative
Assistant
Fire Marshal
division: MARSHALdepartment: FIRE SERVICES
84 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
Building Inspections is a Division of the Department of Development Services. The Division provides
professional services to ensure the safety and welfare of the general public by enforcing building, electrical,
plumbing and mechanical codes and ordinances within the Town. The Division’s personnel conduct plan
review prior to the issuance of permits and on-site inspections to verify code compliance throughout the
construction process.
Alignment to Town Council’s Visioning Priorities and Objectives
●Continue to complete all requested inspections on a daily basis - (SVP 1)
●Work to increase the number of first time approvals during plan review by providing contractors
with the necessary tools and information to be successful - (SVP 1)
●Strive to increase the number of ICC certified personnel on staff - (SVP 1)
Activity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Total permits issued 3,826 2,950 2,950
Single Family permits issued 641 500 500
Inspections performed 28,876 22,800 22,800
Plan reviews completed 4,071 3,700 3,700
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
% of residential reviews that are re-reviews 27% 18% 20%
Ensure that all inspections are completed on a daily basis (no roll overs) 100% 100% 100%
Have ICC certified or TSBPE licensed staff completing tasks at each step in
permitting process (inspections, plan review, and front-counter services) 54% 60% 70%
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 1,816,426 1,968,508 1,962,263
Operations 313,056 186,358 209,559
Verf Chrg For Srvcs - 24,554 36,831
Utilities 7,085 12,500 12,500
Fuel 15,664 23,000 23,000
Total 2,152,232 2,214,920 2,244,153
2025 2026 2027
Personnel Summary Actual Revised Adopted
Building Inspector 7.00 7.00 6.00
Building Official 1.00 1.00 1.00
Chief Building Inspector 1.00 1.00 1.00
Permit Technician 3.00 3.00 3.00
Permit Technician Manager 1.00 1.00 1.00
Plans Coordinator 1.00 1.00 1.00
Plans Examiner 3.00 3.00 3.00
Plans Examiner Manager 1.00 1.00 1.00
Senior Building Inspector 2.00 2.00 2.00
Total 20.00 20.00 19.00
division: BUILDING INSPECTIONS department: DEVELOPMENT SERVICES
85Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDDirector of
Development Services
Senior Building
Inspector (2)
Building Inspector (6)
Chief Building
Inspector
Permit Technician (3)
Senior Permit
Technician
Permit Technician
Manager
Building
Official
Plans Examiner (3)
Plans Examiner
Manager
division: BUILDING INSPECTIONS department: DEVELOPMENT SERVICES
86 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
Code Compliance is a division of the Department of Development Services and provides services to
maintain and promote the health, safety, welfare, and property values in Prosper. Staff strives to achieve
voluntary compliance of the various land use and nuisance codes through consistent education with all
stakeholders while applying codes fairly. The Health component of the Division works with all commercial
retail food establishments, childcare facilities, schools, temporary food vendors and operators of public/
semi-public pools, spas, and PIWF’s to ensure the safety and cleanliness of the facilities. Eliminating risk
factors that contribute to food borne illness is the goal of performing regular risk-based health inspections.
Alignment to Town Council’s Visioning Priorities and Objectives
●Strive to ensure fundamental codes are enforced that will enhance and increase appeal for residents,
visitors, and businesses -(SVP 1)
●Maintain an equitable, expeditious, and effective common-sense approach of enforcing town codes
and ordinances - (SVP 1)
●Continue to recommend modifications and enhancements to town codes and ordinances that will
improve beautification efforts -(SVP 3)
●Prioritizing main corridors and thoroughfares to promote pride, cleanliness and enhance landscaping
improvements through inspections - (SVP 4)
●Continue to provide onsite food safety training, pool operation, safety and education during various
types of Health Inspections and Follow Ups - (SVP 1)
●Create and promote the use of door hangers for High Weeds and Grass as an educational tool to
increase awareness and voluntary compliance - (SVP 1)
●Maintain customer friendly and personal Town services - (SVP 1)
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Courtesy notices sent to property owners 1,500 1,800 1,800
Citations issued 50 95 60
Heath Inspections, including new and reinspection’s 680 680 680
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Inspect all annual food establishments twice per year 90% 90% 90%
Respond to and investigate complaints within same day or within 24 hours 95% 95% 95%
Proactively notify all property owners along major and minor thoroughfares
seeking compliance of the high grass and weeds ordinance 95% 95% 95%
As part of the annual registration and inspection program, require abatement/corrections of multifamily inspection issues within 15 days 85% 90% 95%
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 431,870 476,909 579,475
Operations 300,557 393,478 396,715
Verf Chrg For Srvcs - 15,324 22,986
Utilities 4,296 3,926 3,926
Fuel 6,261 4,850 5,000
Total 742,984 894,487 1,008,102
division: HEALTH & CODE COMPLIANCE department: DEVELOPMENT SERVICES
87Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUND 2025 2026 2027
Personnel Summary Actual Revised Adopted
Health and Code Compliance Manager 1.00 1.00 1.00
Health and Code Compliance Officer 1.00 1.00 1.00
Code Compliance Officer 3.00 3.00 3.00
Environmental Health Specialist - - 1.00
Total 5.00 5.00 6.00
Director of
Development Services
Code
Compliance
Officer (3)
Environmental Health
Specialist
Health & Code
Compliance
Manager
division: HEALTH & CODE COMPLIANCE department: DEVELOPMENT SERVICES
88 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Data & GIS Division provides critical data management, geospatial analysis, and analytical support
to the Town of Prosper, ensuring staff, leadership, and the public have access to accurate and reliable
information for daily operations and strategic planning. The Division maintains enterprise systems, develops,
and maintains web-based applications, location intelligence and analytics, supports field workflows, asset
management, and leads data governance and digital service initiatives. Through its technical expertise and
collaborative approach, the Division enhances infrastructure planning, development review, operational
efficiency, and long-term community development.
Alignment to Town Council’s Visioning Priorities and Objectives
●Support CIP and future bond program planning with mapping and data modeling – (SVP1)
●Maintain authoritative datasets for utilities, roadways, drainage, and facilities – (SVP1)
●Provide dashboards and data tools that strengthen continuous improvement – (SVP1)
●Provide responsive GIS, mapping, and addressing support for staff and residents – (SVP1)
●Deliver mapping and analytics supporting Downtown Master Plan implementation – (SVP2)
●Maintain accurate parcel, zoning, and addressing data for revitalization efforts – (SVP2)
●Maintain and analyze datasets for US 380 and Dallas North Tollway – (SVP3)
●Provide mapping and analytics for land use, traffic, lighting, and infrastructure readiness – (SVP3)
●Deliver high-quality maps, dashboards, and applications that improve operations – (SVP4)
●Establish data governance program and policies – (SVP4)
●Maintain and expand the Town’s open data portal with interactive maps and dashboards – (SVP4)
●Provide responsive GIS support and training to Town staff – (SVP4)
●Supply geospatial insights and analytics supporting economic development strategies – (SVP5)
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Average help desk tickets opened per month 47 56 60
Public Web map average daily views 29 29 34
Open Data portal average daily views 40 64 74
Internal Web map average daily views 3,000 2,299 2,644
Tyler EP&L Webmap average daily hits 11,000 11,734 13,495
Cityworks Web Map average daily hits 2,000 1,356 1,556
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Average help desk tickets closed per month 47 54 60
Enterprise systems and applications availability (uptime) 99% 99% 99%
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel - - 382,452
Operations - - 57,182
Total - - 439,634
division: DATA & GISdepartment: DEVELOPMENT SERVICES
89Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUND2025
Actual
2026 2027
Personnel Summary Revised Adopted
Data & GIS Manager - 1.00 1.00
GIS Analyst II - 1.00 1.00
GIS Analyst I - 1.00 1.00
Total - 3.00 3.00
GIS & Data
Manager
GIS Analyst I GIS Analyst II
division: DATA & GISdepartment: DEVELOPMENT SERVICES
90 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
Planning is a division of the Department of Development Services and provides professional expertise in
the areas of planning, zoning, land use and strategic decision-making to elected and appointed officials,
Town management, citizens, and developers to ensure the future quality of life in the Town of Prosper.
Primary responsibilities of the Planning staff include implementing the Comprehensive Plan, the Zoning
Ordinance, and the Subdivision Ordinance to achieve the desired objectives of the Town. The division
responds to development-related requests, facilitates the development application process, and is
responsible for developing reports and recommendations to the Town Council, the Planning and Zoning
Commission, and the Board of Adjustment. These requests include applications for Zoning changes,
Subdivision Plats, Site Plans, and Variances.
Alignment to Town Council’s Visioning Priorities and Objectives
●Provide exceptional reviews on any new development - (SVP 1)
●Maintain high-quality development consistent with Town’s standards and codes - (SVP 1)
●Have a strong working partnership with Prosper ISD - (SVP 1)
●Update Town’s standards and codes to upkeep with current trends - (SVP 1)
●Continuous improvement based on best practices and benchmarking in accordance with the Matrix
recommendations - (SVP 1)
●Maintain high-quality development consistent with Town standards and codes - (SVP 1)
●Encourage revitalization and redevelopment of Downtown consistent with the Vision and Master
Plan - (SVP 3)
●Establish regulations pertaining to the development of Downtown - (SVP 3)
●Develop the Dallas North Tollway District consistent with the Vision and Master Plan - (SVP 4)
●Establish regulations pertaining to development of the Dallas North Tollway District - (SVP 4)
●Develop corridors linking major development nodes - (SVP 4)
●Ensure new development is attractive and creates or enhances Prosper’s sense of place - (SVP 5)
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Development Cases 111 110 110
Zoning Cases 14 9 10
Comprehensive Plan Amendments 1 1 1
Number of pre-apps on future development 32 28 30
Number of incomplete submittals due to completeness and quality review 111 131 120
Amendments to the zoning and subdivision ordinance, and other ordinances
and plans to stay current with trends and desired standards. 1 5 5
Planning and Landscape Reviews - 1,801 1,800
Permit reviews - 430 430
Inspections - 211 210
division: PLANNINGdepartment: DEVELOPMENT SERVICES
91Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDEfficiency / Effectiveness Measures Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Review completeness and quality applications within 48 hours of submittal. 50% 55% 85%
Return pre-application meeting notes within a week. 30% 25% 85%
Review all 1st round of submittals within 10 days. 85% 50% 85%
Return phones calls and emails within 24 hours. 85% 95% 95%
Continuing education/training for staff development to provide enhanced
services to other departments/public. 100% 100% 100%
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 800,963 842,676 881,263
Operations 101,949 75,750 88,550
Verf Chrg For Srvcs - 1,386 2,080
Utilities 5,558 6,000 6,000
Fuel 94 3,000 3,000
Total 908,564 928,812 980,893
2025 2026 2027
Personnel Summary Actual Revised Adopted
Director of Development Services 1.00 1.00 1.00
Senior Administrative Assistant 1.00 1.00 1.00
Planning Manager 1.00 1.00 1.00
Landscape Development Planner 1.00 1.00 1.00
Senior Planner 1.00 1.00 1.00
Planner 1.00 1.00 1.00
Planning Technician 1.00 1.00 1.00
Total 7.00 7.00 7.00
division: PLANNINGdepartment: DEVELOPMENT SERVICES
92 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDDirector of
Development Services
Senior Planner
Planner
Landscape
Development
Planner
Planning
Manager
Senior
Administrative
Assistant
Planning
Technician
division: PLANNINGdepartment: DEVELOPMENT SERVICES
93Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Streets Division maintains the Town’s streets, sidewalks, alleys, traffic signals, signs, and pavement
markings to provide a safe and reliable transportation system. The Division performs roadway and concrete
repairs, street sweeping, traffic infrastructure maintenance and winter weather response while supporting
the continued maintenance of the Town’s transportation network.
Alignment to Town Council’s Visioning Priorities and Objectives
●Coordinate maintenance and infrastructure deficiencies and prioritize maintenance and rehabili-
tation needs to extend the life of the assets. (SVP 1)
●Operate under an organizational culture that values innovation, productivity, responsibility, and
accountability that empowers managers and employees. (SVP 1)
●Provide timely response to roadway hazards, traffic infrastructure issues and winter weather
events. (SVP 1)
●Use preventative maintenance, asset management, best practices and performance measures to
continuously improve service delivery. (SVP 1)
Activity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Total number of work orders 798 1,013 1,029
Total lane miles maintained - 580 592
Lane miles maintained per FTE - 58.0 59.2
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Repair street signs & regulatory signage within four hours of initial contact 95% 95% 95%
Respond to icy road conditions within two hours 100% 100% 100%
Expenditure Summary Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Personnel 1,172,191 1,366,916 1,486,161
Operations 1,235,431 1,910,998 2,026,533
Verf Chrg For Srvcs - 68,716 103,074
Utilities 403,609 386,671 428,224
Fuel 34,890 42,000 42,000
Capital 123,180 - -
Total 2,969,301 3,775,301 4,085,992
division: STREETS & TRAFFICdepartment: PUBLIC WORKS
94 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUND 2025 2026 2027
Personnel Summary Actual Revised Adopted
Streets Superintendent 1.00 1.00 1.00
Fleet Coordinator - 1.00 1.00
Streets Supervisor 1.00 1.00 1.00
Signals/Signs Supervisor 1.00 1.00 1.00
Crew Leader - Streets 2.00 2.00 2.00
Heavy Equipment Operator 2.00 2.00 2.00
Utility Worker 4.00 4.00 4.00
Crew Leader - Traffic 1.00 1.00 1.00
Signs and Markings Technician 1.00 1.00 1.00
Traffic Signals Technician - 1.00 1.00
Total 13.00 15.00 15.00
Finance Director
Assistant
Finance
Director
Accounting
Manager
Director of
Public Works
Crew Leader -
Traffic
Signs and Markings
Technician
Traffic Signal
Technician
Fleet
Coordinator
Streets
Superintendent
Streets
Supervisor
Traffic
Supervisor
Crew Leader -
Streets (2)
Heavy
Equipment
Operator (2)
Utility Worker
(4)
Assistant Director
division: STREETS & TRAFFICdepartment: PUBLIC WORKS
95Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
Facilities Management maintains, operates, and constructs Town of Prosper facilities. The department
ensures safe and efficient operations by overseeing critical building systems including HVAC, electrical,
and plumbing as well as day-to-day janitorial, security, access control, and waste management
services. Additionally, staff optimizes office workspaces, manages trades vendors and their service
contracts. Facilities Management provides direction for municipal construction projects ranging from
ground-up construction to facility remodels.
Alignment to Town Council’s Visioning Priorities and Objectives
●Properly maintains and manages current buildings with improved environmental systems including
rooftop A/C units, electrical systems and plumbing systems. (SVP 1)
●Maintain parking lots so they are safe and clean with proper lighting. - (SVP 1)
●Providing safe, clean, and comfortable buildings for the public and staff. - (SVP 1)
●Maintain internal fire systems, elevators and generators so they are always functioning properly as
well as minimizing breakdowns. - (SVP 1)
●Ensure inspections of elevators and other life safety devices making sure they are up to date such
as fire sprinkler systems. Inspections on backflow prevention per TCEQ regulations.- (SVP 1)
●Managing security and access controls and other asset security. -(SVP 1)
●Work to improve the use and development of the Town’s facilities through planning and building
new structures to meet town needs, such as the Downtown Monuments installation and the Public
Works/Parks buildings. - (SVP 1)
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Completion of service requests to meet the Towns needs. 100% 100% 96%
Completion of maintenance workorders 100% 100% 90%
Completion of cyclical maintenance workorders - - 60%
Efficiency / Effectiveness Measures Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Completing construction projects and assignments under budget and within
timeframes. 100% 100% 100%
Six building fire suppression inspections, including fire extinguishers 100% 100% 100%
Fifty backflow preventer inspections and repairs 100% 100% 100%
Seven Generator systems maintenance and inspections 100% 100% 100%
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 395,422 452,939 522,359
Operations 698,125 726,517 842,163
Verf Chrg For Srvcs - 5,884 8,826
Utilities 313,673 224,435 361,046
Fuel 3,814 5,000 7,000
Capital 285 - -
Total 1,411,318 1,414,775 1,741,394
division: FACILITIES MANAGEMENT department: PUBLIC WORKS
96 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUND 2025 2026 2027
Personnel Summary Actual Revised Adopted
Facilities Advanced Maintenance Technician 1.00 1.00 1.00
Facilities Construction Manager 1.00 1.00 1.00
Facilities Maintenance Technician 2.00 2.00 2.00
Facilities Manager 1.00 1.00 1.00
Total 5.00 5.00 5.00
Deputy Town
Manager
Facilities Advanced
Maintenance
Technician
Facilities
Maintenance
Technician (2)
Facilities
Manager
Facilities
Construction
Manager
division: FACILITIES MANAGEMENT department: PUBLIC WORKS
97Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Park Administration Division oversees and administers all of the Parks and Recreation departmental
activities. The division is also responsible for marketing of the department, programs and activities.
They also manage the planning and construction of parks and trails. The division reviews the landscape,
irrigation and tree preservation plans to ensure compliance with Town ordinances.
Alignment to Town Council’s Visioning Priorities and Objectives
●Provide long range planning as well as implementation of the Parks and Recreation Master Plan to
meet the parks, trails, and facility needs of the Towns residents - (SVP 1)
●Provide park design and construction of parks that meets the needs of the community as well as
enhances the value of the property surrounding the park - (SVP 1)
●Continue to pursue funding assistance and grants for park CIP projects - (SVP 1)
●Work with the developing community and other organizations to develop our park system - (SVP 1)
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Total acres of park land within the Town both developed and undeveloped 655 655 665
Provide adequate park land to meet Towns existing and future needs (Master
Plan LOS 11.25-20.5 acres per 1,000 population) 18 14 13
Linear Miles of Trail 61 61 63
Active Projects 20 22 22
Efficiency / Effectiveness Measures Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Completed Projects 8 7 8
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 697,902 810,984 706,108
Operations 322,703 419,843 415,843
Verf Chrg For Srvcs - 3,555 5,333
Utilities 7,442 11,400 10,300
Fuel 504 1,500 1,500
Total 1,028,551 1,247,282 1,139,084
2025 2026 2027
Personnel Summary Actual Revised Adopted
Parks Business Coordinator - 1.00 1.00
Senior Administrative Assistant - Parks Admin. 1.00 - -
Assistant Director of Parks and Recreation 1.00 1.00 1.00
Director of Parks and Recreation 1.00 1.00 1.00
Marketing Coordinator 1.00 - -
Park Planner 0.50 1.00 1.00
Park Planning Manager 1.00 1.00 1.00
Total 5.50 5.00 5.00
division: PARK ADMINISTRATION department: COMMUNITY SERVICES
98 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDDirector of Parks
and Recreation
Assistant
Director
Park PlannerPark Business
Coordinator
Park Planning
Manager
division: PARK ADMINISTRATION department: COMMUNITY SERVICES
99Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Park Operations Division manages the maintenance of the Town’s parks, medians, trails, and open
spaces. The Division also prepares sports fields for practices, games, tournaments and assists with
special events.
Alignment to Town Council’s Visioning Priorities and Objectives
●Continuing to maintain the Town’s landscape and open space at a high level – (SVP 1)
●Continuing to support Town events – (SVP 1)
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Acres of parkland actively maintained 439 540 582
Total park acreage maintained per-FTE 15 18 19
Class A park acreage maintained (multi-week) 76 93 93
Class B park acreage maintained (1x week) 129 168 168
Class C park acreage maintained (seasonal 2x week) 234 279 321
Public Buildings Maintained 8 8 8
Playgrounds Maintained 17 18 19
Efficiency / Effectiveness Measures Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Contracted Maintenance 29% 33% 33%
Acreage of Irrigated Park Land 180 202 271
Total Participants for local sports leagues utilizing game and practice facilities 12,300 13,795 14,221
Collaboration with outside groups who perform service projects minimizing staff time and providing additional resources 3 4 2
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 2,374,457 2,626,807 2,926,132
Operations 1,594,672 1,483,525 1,981,567
Verf Chrg For Srvcs - 129,971 194,957
Utilities 723,821 1,091,731 967,757
Fuel 49,600 82,056 56,350
Capital 167,171 96,000 -
Total 4,909,721 5,510,090 6,126,763
division: PARK OPERATIONS department: COMMUNITY SERVICES
100 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUND 2025 2026 2027
Personnel Summary Actual Revised Adopted
Chemical Crew Leader 1.00 1.00 1.00
Chemical Technician 4.00 5.00 5.00
Crew Leader 3.00 3.00 3.00
Crew Leader/Shop Mechanic 1.00 1.00 1.00
Heavy Equipment Operator 5.00 5.00 5.00
Irrigation Crew Leader 1.00 1.00 1.00
Irrigation Technician - 2.00 2.00
Maintenance Worker 10.00 10.00 10.00
Parks Superintendent 1.00 1.00 1.00
Assistant Parks Superintendent 1.00 1.00 1.00
Parks Operations Supervisor 1.00 1.00 1.00
Playground Technician 1.00 1.00 1.00
Administrative Assistant - Parks Ops. 1.00 - -
Senior Administrative Assistant - Parks Ops. - 1.00 1.00
Total 30.00 33.00 33.00
Director of Parks &
Recreation
Supervisor Admin AsstAsst Supt
Park
Superintendent
Crew Leader / Shop
Mechanic
Chemical Crew
Leader
Landscape Crew
Leader Crew Leader (2)Irrigation Crew
Leader
Heavy Equip
Operator (5)
Maint Worker
Chemical
Technician (5)
Playground
Technician
Maint Worker
(2)
Maint Worker
(5)
Irrigation
Technician
Maint Worker
(2)
Assistant Director
division: PARK OPERATIONS department: COMMUNITY SERVICES
101Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Park Recreation Division provides programs, activities, and special events that meet the needs of the
residents. They also manage field and pavilion rentals and assist sports groups in scheduling.
Alignment to Town Council’s Visioning Priorities and Objectives
●Increase participation in programs and recreation opportunities – (SVP 1)
●Offer indoor programming in Town Hall and the 407 Rec Center – (SVP 1)
●Creating partnerships to offer additional programming space for growing programs – (SVP 1)
●Offer well attended community events, with new and original activities to increase participation.
Adding an active adult’s expo, P-Town Throwdown pickleball tournament, and enhancing current
events – (SVP 1)
●Enhance the health and wellness of our community with the yearlong Mayor’s Fitness Challenge and
an inner-city competition with the Town of Little Elm – (SVP 1)
●Offer new opportunities for active adult programming – (SVP 1)
●Offer Downtown community events to help increase foot traffic to the Downtown businesses – (SVP 3)
●Offer adaptive programs and events for families with children with special needs – (SVP 1)
●Working together with Downtown businesses to provide recreation programs for the community – (SVP
3)
●Working together with the local school district and youth sports associations, to ensure the community
needs are being met – (SVP 1)
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Number of classes and program offered throughout the year 142 160 203
Senior Programs 24 32 30
Annual Pavilion Rentals 116 120 110
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Dedicated Recreation Space per 1,000 Population (sq.ft) 27 26 23
Percentage of classes programs that meet attendance requirement 89% 90% 89%
Total Class and Program Attendance 3,271 5,513 5,370
Recreation revenue $ 327,456 $ 358,755 $ 335,000
Cost Recovery of contracted programs 134 132 131
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 392,745 442,365 356,532
Operations 498,554 306,801 306,801
Utilities 446 - -
Total 891,745 749,166 663,333
division: PARK RECREATION department: COMMUNITY SERVICES
102 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUND 2025 2026 2027
Personnel Summary Actual Revised Adopted
Recreation Specialist 1.00 1.00 1.00
Recreation Coordinator - Programs 1.00 1.00 1.00
Recreation Coordinator - Events 1.00 - -
Recreation Manager - Events 1.00 - -
Recreation Manager 1.00 1.00 1.00
Recreation Attendant - Seasonal 0.50 0.50 0.50
Total 5.50 3.50 3.50
Director of Parks and
Recreation
Recreation
Coordinator-
Programs
Recreation
Specialist
Recreation
Manager
Recreation
Attendant
Assistant Director
division: PARK RECREATION department: COMMUNITY SERVICES
103Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Prosper Community Library serves as a cornerstone of learning, literacy, and community connection
for all Prosper-area residents. The library provides equitable access to high-quality resources that support
education, intellectual curiosity, and lifelong learning. Visitors will find a clean, well-organized, and
welcoming environment designed for discovery and engagement. The library’s diverse collection includes
books, audiobooks, and digital materials in multiple formats. Good lighting, comfortable seating, updated
technology, and inviting spaces make exploration accessible and enjoyable. As a community hub, the
library cultivates connection through social interaction, civic engagement, and a wide range of programs
and cultural experiences for individuals and families.
Alignment to Town Council’s Visioning Priorities and Objectives
For FY27, the library priorities include maintaining core programs year-round without extended
seasonal breaks, increasing options for working families, using community feedback and service
data to guide decisions, and preparing for the next phase of hours expansion with a goal of extending
Saturday closing time from 3:00 to 6:00PM no later than the beginning of FY28. - (SVP 1)
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Library visits 78,624 85,000 92,000
Physical items circulated 137,345 148,000 160,000
E-books circulated 19,283 24,000 27,000
Program attendance 11,669 17,000 22,000
Library card holders 13,311 15,300 18,000
Collection Size (Digital Consortium) 362,773 365,000 368,000
Collection Size (Physical) 32,859 34,400 35,500
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
*Population 42,598 46,087 49,355
Library Card holders as a % of population 31.2% 33.2% 36.5%
Physical item circulation per capita 3.22 3.21 3.24
E-book circulation per capita 0.45 0.52 0.36
Library visits per capita 1.85 1.84 1.86
Holdings per capita (Digital Consortium) 8.52 7.92 7.46
Holdings per capita (Physical) 0.77 0.75 0.72
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 750,234 847,069 1,075,481
Operations 135,256 153,838 152,985
Verf Chrg For Srvcs - 788 1,182
Utilities (167) 1,222 1,222
Total 885,322 1,002,917 1,230,870
division: LIBRARYdepartment: COMMUNITY SERVICES
104 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUND 2025 2026 2027
Personnel Summary Actual Revised Adopted
Circulation Supervisor - 1.00 1.00
Library Director 1.00 1.00 1.00
Youth Services Librarian 1.50 1.50 1.50
Library Technology Coordinator 1.00 1.00 1.00
Administrative Assistant 1.00 - -
Librarian - 1.00 1.00
Library Assistant 3.00 3.00 3.00
Library Clerk 4.50 4.50 4.50
Total 12.00 13.00 13.00
Library Director
Circulation
Supervisor
Youth Services
Librarian Librarian Youth Services
Librarian - PT
Technical Services
Coordinator
Library Clerk -
PT (7)
Library
Assistant (3)
division: LIBRARYdepartment: COMMUNITY SERVICES
105Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUNDProgram Description
The Town of Prosper Engineering Services Department provides full project management services for
the planning, design, and construction of all Town-funded projects and provides review services for all
privately funded projects.
Alignment to Town Council’s Visioning Priorities and Objectives
●Review all development plans submitted within 10-day turnaround - (SVP 2)
●Meet all benchmark schedules for design, land acquisition, utility relocation and construction for
CIP projects - (SVP 2)
●Respond to contractors request for information within 3 working days - (SVP 1)
●Approve monthly pay applications within 5 days of satisfactory submittal - (SVP 1)
●Complete daily inspection reports on all Town CIP projects - (SVP 1)
Activity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Civil plan reviews for development to construction 205 235 225
Development document (i.e. SP, FP, PSP, Zoning) reviews for developments and
subdivisions 595 550 500
Active number of CIP Design Projects 30 30 31
Active number of CIP Construction Projects 30 21 20
Traffic engineering related requests (signs, markings, signal operations, safety
studies, etc.) 50 33 75
*Estimate based on 10 inspections per person x 250 days per year. Actual number of inspections will be tracked with implementation of Energov software.
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Average review time of all First civil plans submitted (15 working day goal) 15 15 12
Average review time of all subsequent civil plans submitted (10 working day goal) 12 13 10
Average review time of all development applications (10 working day goal) 12 13 10
Total Design Project Cost (millions)$ 17.7 $ 19.6 $ 20.4
Total Construction Project Cost (millions)$ 170.2 $ 176.1 $ 161.4
Percent of CIP projects that met all benchmark schedules (design, land
acquisition, utility relocation, and construction) 92% 95% 96%
Average time to respond to contractor requests for information (3 working day goal) 3 3 2.8
Average time to approve monthly pay applications after satisfactory submittal
(5 working day goal) 5 5 4.8
Average time to respond to traffic inquiries, complaints or other traffic related
incidents (24-48 hr goal) 90% 100% 100%
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 2,367,803 2,443,525 2,687,579
Operations 92,010 122,029 193,299
Utilities 10,142 6,900 8,300
Fuel 5,854 5,500 5,500
Total 2,475,809 2,577,954 2,894,678
division: ENGINEERINGdepartment: ENGINEERING
106 Town of Prosper, TX | Adopted Budget | 2026-2027
GENERAL FUND 2025 2026 2027
Personnel Summary Actual Revised Adopted
Administrative Assistant 0.50 0.50 0.50
Assistant Director of Engineering Services - Capital Projects 1.00 1.00 1.00
Assistant Director of Engineering Services - Development 1.00 1.00 1.00
CIP Facilitator 1.00 1.00 1.00
CIP Program Manager 1.00 1.00 1.00
Civil Engineer 2.00 2.00 2.00
Construction Superintendent 3.00 3.00 3.00
Director of Engineering Services 1.00 1.00 1.00
Engineering Technician 2.00 2.00 2.00
Senior Engineer 3.00 3.00 3.00
Senior Traffic Engineer 1.00 1.00 1.00
Total 16.50 16.50 16.50
Director of
Engineering Services
Administrative
Assistant
(PT)
Engineering
Technician (2)
Senior
Engineer
Civil Engineer
Senior Traffic
Engineer
Assistant
Director -
Development
Assistant
Director - Capital
Projects
Senior
Engineer (2)Civil Engineer CIP FacilitatorCIP Program
Manager
Construction
Superintendent
(3)
division: ENGINEERINGdepartment: ENGINEERING
2026-2027
Utility Funds
TOWN OF PROSPER, TX
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108 Town of Prosper, TX | Adopted Budget | 2026-2027
109Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSUtility Funds Description
The Water and Wastewater Fund accounts for all costs in providing water and wastewater services to
residential and commercial utility customers. The operations necessary to provide such services include
Administration, Debt Services, Water Purchases, and the treatment of wastewater. The operations of the
Water and Wastewater Fund are financed and operated in a manner similar to a private business enterprise
where expenses (including depreciation) of providing services are recovered primarily through user charges.
The Solid Waste Fund accounts for all costs in providing solid waste services to residential and commercial
customers. The operations necessary to provide such services include Administration and Trash Collection
Services. The operations of the Solid Waste Fund are financed and operated in a manner similar to a
private business enterprise where expenses (including depreciation) of providing services are recovered
primarily through user charges.
The Town’s Stormwater Drainage Division is managed in a coordinated fashion by both the Town’s
Engineering and Public Works Departments. Engineering selects consultants and contractors to design
and construct major repairs and improvements to the Town’s stormwater systems, and reviews flood
studies and drainage plans to ensure conformance with Federal, State and Town codes. Public Works’
stormwater and drainage crews maintain all improved and unimproved drainage facilities within the Town
to ensure the free flow of stormwater and to minimize the probability of structure flooding. The Stormwater
Drainage Division also administers the Phase II Municipal Separate Stormwater System (MS4) Permit by
implementing and managing programs to improve water quality in accordance with regulatory requirements
through public education, eliminating illicit discharges, and control of construction site runoff.
An annual cash transfer from the Utility Funds to the General Fund is made for payment of administrative
overhead costs incurred. Administrative services, such as operations management, financial management,
purchasing, and payroll are included in this overhead charge.
110 Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSUtility Funds Revenues
By Source
Revenue Category
Water &
Wastewater Solid Waste
Stormwater
Drainage
Charges for Services 52,875,257 4,260,000 1,726,111
License, Fees & Permits 223,000 - -
Penalties 239,000 - -
Investment Income 350,000 6,000 8,000
Miscellaneous 982,200 - 71,500
Revenue Total $ 54,669,457 $ 4,266,000 $ 1,805,611
Water & Wastewater
90.0%
Water & Wastewater
90.0%
Solid Waste
7.0%
Solid Waste
7.0%
Stormwater Drainage
3.0%
Stormwater Drainage
3.0%
111Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSUtility Funds Appropriations
By Department
Department
FY 2027
Adopted % of Total
Administration 1,263,769 2.4%
Public Works 10,398,604 19.4%
Debt Service 10,348,289 19.3%
Water Purchases 18,205,859 34.0%
Sewer Management 7,156,674 13.4%
Franchise Fee Expense 2,172,380 4.1%
Transfers Out 1,894,740 3.5%
Capital 2,071,423 3.9%
Appropriation Total 53,511,738 100.0%
FY 2027 Adopted - $53,511,738
Administration
2.4%
Administration
2.4%
Public Works
19.4%
Public Works
19.4%
Debt Service
19.3%
Debt Service
19.3%
Water Purchases
34.0%
Water Purchases
34.0%
Sewer Management
13.4%
Sewer Management
13.4%
Franchise Fee Expense
4.1%
Franchise Fee Expense
4.1%
Transfers Out
3.5%
Transfers Out
3.5%
Capital
3.9%
Capital
3.9%
FY 2026 Amended - $51,462,583
Administration
2.2%
Administration
2.2%
Public Works
20.2%
Public Works
20.2%
Debt Service
17.9%
Debt Service
17.9%
Water Purchases
34.4%
Water Purchases
34.4%
Sewer Management
13.1%
Sewer Management
13.1%
Franchise Fee Expense
4.7%
Franchise Fee Expense
4.7%
Transfers Out
4.0%
Transfers Out
4.0%
Capital
3.5%
Capital
3.5%
112 Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSWater and Wastewater Fund
Net Assets
2022-2023
Actual
2023-2024
Actual
2024-2025
Actual
2025-2026
Amended
2026-2027
Adopted
$0
$1,500,000
$3,000,000
$4,500,000
$6,000,000
$7,500,000
$9,000,000
$10,500,000
$12,000,000
$13,500,000
$15,000,000
Fiscal Year
Days Over Minimum
Reserve Value of Each Day %
2022-2023 166 $ 74,713 46.05%
2023-2024 133 $ 87,013 35.18%
2024-2025 106 $ 85,832 24.59%
2025-2026 96 $ 103,376 22.40%
2026-2027 93 $ 118,256 21.40%
The Town shall strive to maintain a minimum ending working capital balance (current assets minus
current liabilities) of at least twenty-five percent (25%) of budgeted non-capital expenditures for each
of the proprietary funds. Net assets fluctuate based on user based charges and one-time capital needs,
while maintaining a minimum working capital.
113Town of Prosper, TX | Adopted Budget | 2026-2027UTILITY FUNDS
Water and Wastewater Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Sanitation Charges for Services 3 - - - - - - -
Water Charges for Services 22,356,850 27,821,398 27,371,398 32,053,861 36,342,585 40,445,209 44,144,811 47,968,076
Wastewater Charges for Services 13,968,352 18,074,593 17,899,593 20,821,396 23,853,160 26,920,775 29,028,010 31,084,932
Water Penalties 268,455 205,500 205,500 239,000 239,000 239,000 239,000 239,000
Licenses, Fees, & Permits 492,434 193,000 223,000 223,000 223,000 223,000 223,000 223,000
Investment Income 384,467 350,000 350,000 350,000 350,000 350,000 350,000 350,000
Miscellaneous 815,145 691,700 691,700 982,200 982,200 982,200 982,200 982,200
Total Revenue $ 38,285,707 $ 47,336,191 $ 46,741,191 $ 54,669,457 $ 61,989,945 $ 69,160,184 $ 74,967,021 $ 80,847,208
Expenditures
Administration 1,450,274 996,176 996,176 1,263,769 1,250,249 1,270,834 1,292,172 1,314,716
Public Works 7,321,409 9,172,744 9,275,239 10,398,604 10,732,571 10,934,731 11,155,639 11,384,389
Water Purchases 13,879,634 15,819,798 15,819,798 18,205,859 21,441,737 25,523,289 27,758,208 31,008,723
Sewer Management Fees 5,988,887 6,035,065 6,035,065 7,156,674 9,035,646 9,954,129 10,709,086 11,518,128
Franchise Fee Expense 1,136,854 2,172,380 2,172,380 2,172,380 2,172,380 2,172,380 2,172,380 2,172,380
Trash Collection Services 1,685 - - - - - - -
Debt Service 7,079,203 6,750,064 8,240,245 10,348,289 10,248,376 10,246,313 10,152,999 10,158,816
Capital 418,320 1,603,669 1,603,669 2,071,423 1,499,981 1,499,981 1,499,981 1,499,981
Transfer Out 3,497,507 1,829,753 1,829,753 1,894,740 1,894,740 1,894,740 1,894,740 1,894,740
Total Expenditures $ 40,773,772 $ 44,379,649 $ 45,972,325 $ 53,511,738 $ 58,275,680 $ 63,496,397 $ 66,635,205 $ 70,951,873
Change in Fund Balances $ (2,488,065)$ 2,956,542 $ 768,866 $ 1,157,719 $ 3,714,265 $ 5,663,787 $ 8,331,816 $ 9,895,335
Beginning Fund Balance $ 11,608,441 $ 15,641,775 $ 9,120,376 $ 9,889,242 $ 11,046,961 $ 14,761,226 $ 20,425,012 $ 28,756,828
Ending Fund Balance $ 9,120,376 $ 18,598,317 $ 9,889,242 $ 11,046,961 $ 14,761,226 $ 20,425,012 $ 28,756,828 $ 38,652,163
1.25 times Debt Service Reserve
Limit
0.74 1.68 1.29 1.31 1.51 1.70 1.97 2.12
Amount Over (Under) in Days Operating Cost 92 172 93 91 109 136 181 226
Fund balance policy 25% 23% 43% 23% 22% 26% 33% 44% 56%
114 Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSWater and Wastewater Fund Overview
Water and
Wastewater Fund
Water
Wastewater
Public WorksAdministration
Construction
Inspections
Utility Customer
Service
Non-Departmental
Engineering
115Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSProgram Description
Provide accurate monthly billing for water, wastewater, solid waste, and recycling services to Prosper
residents and businesses. The department is responsible for initiating, transferring, and terminating
utility services; processing billing adjustments, winter average adjustments, and account maintenance;
managing work orders and collection activities; posting customer payments; and coordinating the Town’s
annual Spring Clean-Up event.
Alignment to Town Council’s Visioning Priorities and Objectives
●Provide first rate utility customer service. – (SVP 1)
●Customer Service Representatives will have all necessary information on hand to answer and meet
our customer’s needs. – (SVP 1)
●Keep accurate records of all water, wastewater, and solid waste accounts billed for the Town of
Prosper. – (SVP 1)
Activity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Create/process work orders (annually) 23,000 24,000 25,000
Average payments by auto draft (monthly) 6,500 7,500 9,000
Average payments by credit card draft (monthly) 1,150 1,250 -
Online payments (website) (annually) 25,125 25,600 27,000
Lockbox payments (monthly) 2,441 2,450 2,550
New connects (annually) 2,971 3,100 3,500
Disconnections for non-payment (annually)* 660 600 600
Number of customers billed (monthly average) 14,500 16,000 17,000
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Manually entered utility billing payments without errors 100% 100% 100%
Utility bills created before the 20th of each month 100% 100% 100%
Disconnections at beginning of month (30 days past due) 0.01% 0.01% 0.01%
Expenditure Summary Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Personnel 419,374 450,499 505,231
Operations 565,899 179,544 260,044
Transfer Out 53,557 - -
N/A 1,685 - -
Total 1,040,515 630,043 765,275
2025 2026 2027
Personnel Summary Actual Revised Adopted
Utility Customer Service Administrator 1.00 1.00 1.00
Utility Customer Service Supervisor 1.00 1.00 1.00
Utility Customer Service Clerk 3.00 3.00 3.00
Total 5.00 5.00 5.00
division: UTILITY CUSTOMER SERVICE department: ADMINISTRATION
116 Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSExecutive Director
UCS Clerk (3)
UCS Administrator
UCS Supervisor
Utility Contract &
Compliance Specialist
division: UTILITY CUSTOMER SERVICE department: ADMINISTRATION
117Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSProgram Description
The Non-Departmental budget supports the Town’s property insurance, a franchise fee paid to the General
Fund for cost of administrative services, and the debt service payments for the Water and Sewer fund.
Projected salary savings for the Water and Sewer Fund are also accounted for in this division.
Expenditure Summary Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Personnel 220,605 163,810 296,651
Operations 55,229 202,323 201,843
Verf Chrg For Srvcs 189,166 - -
Debt 7,079,203 8,240,245 10,348,289
Franchise Fee Expens 1,136,854 2,172,380 2,172,380
Transfer Out 196,807 1,829,753 1,894,740
Total 8,877,865 12,608,511 14,913,903
division: NON-DEPARTMENTAL department: ADMINISTRATION
118 Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSProgram Description
The Water Division operates and maintains the Town’s water distribution system to provide safe, reliable,
and high-quality drinking water. Responsibilities include maintaining water lines, meters, valves, hydrants,
storage (elevated and ground) and pumping facilities; conducting regulatory water-quality monitoring; and
providing water conservation and education programs to the community.
Alignment to Town Council’s Visioning Priorities and Objectives
●Retain a top quality workforce with competitive compensation - (SVP 1)
●Operate under an organizational culture that values innovation, productivity, responsibility, and
accountability that empowers managers and employees. (SVP 1)
●Provide a safe, reliability and high-quality water system while maintaining regulatory compliance
and the Town’s Superior Water System designation. (SVP 1)
●Maintain and provide reliable water infrastructure and identify system needs necessary to support
development throughout the Town. (SVP 1)
●Coordinate maintenance, rehabilitation and capital improvements to improve system reliability and
support long-term infrastructure needs. (SVP 1)
●Offer free educational opportunities, including Sprinkler Evaluations, plant life education, and
irrigation education to our residents for water conservation. (SVP 1)
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Total Work Orders 14,781 10,200 13,500
Total Meter Division work orders - 9,000 12,000
Water repair work orders - 1,200 1,500
Work orders per FTE 14,781 300 440
Total tests and samples - 900 1200
Overall water consumption (gallons per capita per day) 226 154 140
Surface water pumped (in millions) 3593 3714 4085
Water flushed (in million gallons) 619 675 675
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Average time to repair water leaks (4 hours or less) 98% 98% 98%
Average time to respond to leaks within initial contact (30 minutes or less) 100% 100% 100%
Total percentage of unaccounted water 15% 15% 13%
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 2,621,298 3,807,698 4,513,784
Operations 1,262,008 2,760,099 1,215,666
Verf Chrg For Srvcs - 165,866 199,133
Utilities 703,655 532,037 704,728
Water Purchases 13,879,634 15,819,798 18,205,859
Fuel 75,616 68,200 119,800
Capital 219,816 103,688 2,071,423
Transfer Out 1,002,833 - -
Total 19,764,860 23,257,386 27,030,393
division: WATERdepartment: PUBLIC WORKS
119Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDS 2025 2026 2027
Personnel Summary Actual Revised Adopted
Director of Public Works 1.00 1.00 1.00
Assistant Director of Public Works - 1.00 1.00
Senior Administrative Assistant 1.00 1.00 1.00
Utility Compliance Superintendent - 1.00 1.00
Environmental Coordinator/Assistant to Director 1.00 - -
Water and Wastewater Superintendent 1.00 1.00 1.00
Senior Backflow Inspector 1.00 1.00 1.00
Backflow Inspector 2.00 2.00 2.00
Utility Maintenance Supervisor (Water) 2.00 2.00 3.00
Public Works Right-Of-Way Inspector 1.00 1.00 1.00
Senior SCADA Operator 1.00 1.00 1.00
Senior Water Quality Technician 1.00 1.00 1.00
Crew Leader (Water) 5.00 5.00 6.00
SCADA Operator 1.00 2.00 3.00
Water Quality Technician 3.00 3.00 3.00
Heavy Equipment Operator 4.00 4.00 4.00
Utility Worker 8.00 8.00 8.00
Irrigation Specialist 1.00 1.00 1.00
Water Education Coordinator 1.00 1.00 1.00
Meters Technician 4.00 4.00 4.00
Total 39.00 41.00 44.00
Director of Public Works
Assistant
Director
Utility Compliance
Superintendent
Public Works
Right-of-
Way Inspector
Backflow
Inspector (2)
Sr. Water Quality
Technician
Sr. Systems
Technician
Water
Education
Coordinator
Crew Leader
Senior
Administrative
Assistant
Water/Wastewater
Superintendent
Utility Maintenance
Supervisor
Sr. Backflow
Inspector
Irrigation
Specialist
Utility Maintenance
Supervisor
Systems
Technician (2)
Water Quality
Technician (3)
Heavy
Equipment
Operator
Utility
Worker (2)
Heavy
Equipment
Operator (3)
Utility
Worker (4)
Meters
Technician (4)
Crew Leader -
Meter
Crew Leader -
Utilities (4)
division: WATERdepartment: PUBLIC WORKS
120 Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSProgram Description
The Wastewater Division operates and maintains the Town’s wastewater collection system to provide
safe and reliable conveyance of wastewater to regional treatment facilities. Responsibilities include
maintaining wastewater lines, manholes, and lift stations; inspecting and cleaning the collection system;
administering the Fats, Oils, and Grease (FOG) Program; and supporting inspection of public infrastructure
associated with development.
Alignment to Town Council’s Visioning Priorities and Objectives
●Proactively inspect, clean and maintain wastewater infrastructure using condition assessment and
best management practices. (SVP 1)
●Identify wastewater infrastructure deficiencies and rehabilitation needs through inspection,
condition assessment and maintenance data. (SVP 1)
●Provide a safe, reliable and well-maintained wastewater collection system while minimizing
sanitary sewer overflows and regulatory discharges. (SVP 1)
●Administer the Fats, Oils, and Grease (FOG) Program to protect the wastewater collection system
through inspection, education and compliance. (SVP 1)
Activity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Public works inspections 1,855 1,442 1,400
Mileage of wasterwater lines maintained 227.00 239.30 243
Feet of wastewater lines inspected by camera 165,245 188,329 200,000
Manholes inspected 680 700 800
Line locates 778 500 500
Work orders completed 3000 2000 2200
Sanitary System Overflows (SSO) 2 3 3
Fats, Oils and Grease (FOG) inspections 791 670 700
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Average Response time for work orders - -30 minutes
Percent of wastewater collection system cleaned 29% 27% 10%
Percent of wastewater collection system inspected by camera 14% 15% 10%
Expenditure Summary Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Personnel 1,439,983 1,480,428 1,532,944
Operations 622,487 1,073,728 1,151,753
Verf Chrg For Srvcs - 93,443 97,279
Utilities 79,033 77,060 104,796
Sewer Management Fee 5,988,887 6,035,065 7,156,674
Fuel 30,778 35,000 44,200
Transfer Out 264,310 - -
Total 8,425,477 8,794,724 10,087,646
division: WASTEWATERdepartment: PUBLIC WORKS
121Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDS 2025 2026 2027
Personnel Summary Actual Revised Adopted
Crew Leader 4.00 4.00 4.00
FOG Technician 1.00 1.00 1.00
Heavy Equipment Operator 3.00 3.00 3.00
Utility Line Locator 2.00 2.00 2.00
Utility Maintenance Supervisor 1.00 1.00 1.00
Utility Worker 6.00 6.00 6.00
Total 17.00 17.00 17.00
Director of Public Works
Heavy Equipment
Operator (3)
Water/Wastewater
Superintendent
Utility Maintenance
Supervisor
Crew Leader -
Utilities (4)FOG Technician Utility Line
Locator (2)
Utility Worker (6)
Assistant Director
division: WASTEWATERdepartment: PUBLIC WORKS
122 Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSProgram Description
The Construction Inspection Division conducts inspections of all public infrastructure for private development
and assists with capital improvement projects for general conformance with Town standards. The division
also oversees right-of-way permitting and right-of-way inspections of private franchise utility construction.
Alignment to Town Council’s Visioning Priorities and Objectives
●Process Right-of-way (ROW) permits within 5 working days - (SVP 1)
●Respond to contractors request for information within 3 working days - (SVP 4)
●Conduct private development inspections within 24 hours of request - (SVP 4)
●Infrastructure mapped before or during final walk - (SVP 4)
Activity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Documented inspections for private development and Town infrastructure 13,200 13,200 13,200
Pre-construction Meetings Held 20 20 18
Final Acceptance Certificates Issued 30 33 25
Active Projects 60 50 40
ROW permits issued 2,500 1,856 2,000
Conduct ROW permitted inspections for private franchise utilities 6,000 5,500 5,500
* Estimated based on (15 inspections per day per inspector x 250 days) x 3.5 + (10 weekend inspections x 40 days x 1 inspector)
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Respond to contractors request for information within 3 working days 100% 100% 100%
Conduct private development inspections within 24 hours of request 95% 95% 95%
Average time to process ROW permits (3 working day goal) 3 3 3
Expenditure Summary Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Personnel 583,048 617,806 629,072
Operations 16,769 26,690 41,026
Verf Chrg For Srvcs - 17,365 24,623
Utilities 6,460 4,800 4,800
Fuel 14,443 15,000 15,000
Total 620,719 681,661 714,521
2025 2026 2027
Personnel Summary Actual Revised Adopted
Right-Of-Way and Construction Inspection Manager 1.00 1.00 1.00
Senior Construction Inspector 1.00 1.00 1.00
Construction Inspector 2.00 2.00 2.00
Right-Of-Way Inspector 2.00 2.00 2.00
Total 6.00 6.00 6.00
division: CONSTRUCTION INSPECTIONS department: ENGINEERING
123Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSDirector of Engineering
Services
Senior
Construction
Inspector
Assistant Director of
Engineering Services -
Development
Right-Of-Way and
Construction Inspection
Manager
Right-Of-Way
Inspector (2)
Construction
Inspector (2)
division: CONSTRUCTION INSPECTIONS department: ENGINEERING
124 Town of Prosper, TX | Adopted Budget | 2026-2027UTILITY FUNDS
Solid Waste Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Sanitation Charges for Services 3,727,080 3,938,626 4,166,211 4,260,000 4,473,000 4,696,650 4,931,483 5,178,057
Investment Income 10,118 3,500 5,600 6,000 6,000 6,000 6,000 6,000
Total Revenue $ 3,737,199 $ 3,942,126 $ 4,171,811 $ 4,266,000 $ 4,479,000 $ 4,702,650 $ 4,937,483 $ 5,184,057
Expenditures
Administration 70,092 105,588 105,588 112,521 118,323 121,155 124,092 127,135
Trash Collection Services 3,249,597 3,445,196 3,445,196 3,445,196 3,445,196 3,445,196 3,445,196 3,445,196
Debt Service 257,500 257,501 257,501 257,501 257,501 257,501 257,501 257,501
Capital - - 120,120 - 60,060 60,060 60,060 60,060
Transfer Out - 165,951 165,951 179,634 179,634 179,634 179,634 179,634
Total Expenditures $ 3,577,189 $ 3,974,236 $ 4,094,356 $ 3,994,852 $ 4,060,714 $ 4,063,546 $ 4,066,483 $ 4,069,526
Change in Fund Balances $ 160,009 $ (32,110)$ 77,455 $ 271,148 $ 418,286 $ 639,104 $ 871,000 $ 1,114,531
Beginning Fund Balance $ 10,236 $ 177,281 $ 170,245 $ 247,700 $ 518,848 $ 937,134 $ 1,576,238 $ 2,447,238
Ending Fund Balance $ 170,245 $ 145,171 $ 247,700 $ 518,848 $ 937,134 $ 1,576,238 $ 2,447,238 $ 3,561,769
Amount Above/(Below) Fund Balance Reserve of $250,000 $ (79,755)$ (104,829)$ (2,300)$ 268,848 $ 687,134 $ 1,326,238 $ 2,197,238 $ 3,311,769
125Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSProgram Description
Provide accurate monthly billing for residential and commercial solid waste and recycling services for
the Town of Prosper. Coordinate the ordering and delivery of new trash and recycling carts for residents
establishing service within the Town. Collaborate with Republic Services to ensure timely, reliable collection
and consistent service for residential and commercial customers. Process new service requests, account
changes, and final work orders for solid waste and recycling accounts. Assist with planning and coordinating
the Town’s annual Spring Clean event, including logistics and resident engagement. Monitor Republic
Services’ performance to ensure compliance with contractual service standards and all obligations outlined
in the Town’s service agreement.
Alignment to Town Council’s Visioning Priorities and Objectives
●Provide first rate utility billing service - (SVP 1)
●Utility Customer Service Representative will have all information necessary on hand to answer and
meet our customer’s needs - (SVP 1)
●Keep accurate records of solid waste accounts billed for the Town of Prosper - (SVP 1)
Activity Demand / Activity Workload
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Create/process work orders on complaints for miss pickups (annually) 330 330 330
Average payments by auto draft (monthly) 6,500 7,500 9,000
Average payments by credit card draft (monthly) 1,150 1,250
Online payments (website) (annually) 25,125 25,600 27,000
Lockbox payments (monthly) 2,441 2,450 2,550
New connects (annually) 2,971 3,100 3,500
Number of customers billed 14,450 16,000 17,000
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Manually entered utility billing payments without errors 100% 100% 100%
Utility bills created before the 20th of each month 0.01% 0.01% 0.01%
Expenditure Summary Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Personnel 67,656 71,668 78,601
Operations 2,436 33,920 33,920
Debt 97,130 257,501 257,501
Capital - 120,120 -
Transfer Out - 165,951 179,634
N/A 3,249,597 3,445,196 3,445,196
Total 3,416,820 4,094,356 3,994,852
2025 2026 2027
Personnel Summary Actual Revised Adopted
Customer Service Representative 1.00 1.00 1.00
Total 1.00 1.00 1.00
division: SOLID WASTE department: ADMINISTRATION
126 Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSExecutive Director
Solid Waste Clerk
Utility Customer
Service Administrator
Utility Customer
Service Supervisor
division: SOLID WASTE department: ADMINISTRATION
127Town of Prosper, TX | Adopted Budget | 2026-2027UTILITY FUNDS
Stormwater Drainage Utility Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Stormwater Drainage Fees 987,078 1,726,111 1,506,481 1,726,111 1,812,417 1,903,037 1,998,189 2,098,099
Investment Income 10,677 8,000 8,000 8,000 8,000 8,000 8,000 8,000
Miscellaneous - 25,000 39,600 71,500 71,500 71,500 71,500 71,500
Transfers In 183,791 - - - - - - -
Total Revenue $ 1,181,545 $ 1,759,111 $ 1,554,081 $ 1,805,611 $ 1,891,917 $ 1,982,537 $ 2,077,689 $ 2,177,599
Expenditures
Operating Expenses 538,159 678,236 678,236 1,073,501 1,122,854 1,148,428 1,174,415 1,201,842
Debt Service 186,880 220,338 220,338 219,338 218,113 216,663 224,888 217,638
Capital 159,669 267,374 267,374 314,000 67,374 67,374 67,374 67,374
Transfer Out 207,996 229,954 229,954 252,851 52,851 52,851 52,851 1,852,851
Total Expenditures $ 1,092,704 $ 1,395,902 $ 1,395,902 $ 1,859,690 $ 1,461,192 $ 1,485,316 $ 1,519,528 $ 3,339,705
Change in Fund Balances $ 88,841 $ 363,209 $ 158,179 $ (54,079)$ 430,725 $ 497,221 $ 558,161 $ (1,162,106)
Beginning Fund Balance $ 254,036 $ 702,594 $ 342,877 $ 501,056 $ 446,977 $ 877,702 $ 1,374,923 $ 1,933,084
Ending Fund Balance $ 342,877 $ 1,065,803 $ 501,056 $ 446,977 $ 877,702 $ 1,374,923 $ 1,933,084 $ 770,978
Amount Over (Under) in Days Operating Cost 115 279 131 88 219 338 464 84
Fund Balance Policy 17% 46% 117% 55% 34% 75% 114% 158% 25%
128 Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDSProgram Description
The core service of the Stormwater Drainage Division is to ensure compliance with the Phase II
Municipal Separate Storm Sewer System (MS4) Permit by implementing and managing programs
to improve water quality in accordance with regulatory requirements, through public education, by
eliminating illicit discharges, and rigorous construction site runoff control.
Alignment to Town Council’s Visioning Priorities and Objectives
●Inspect new development construction projects within the Town’s jurisdiction monthly to verify
compliance with Texas Commission on Environmental Quality (TCEQ) Stormwater requirements -
(SVP 1)
●Inspect and provide annual (educational) audits for drainage facilities to HOA’s - (SVP 1)
●Home Building lots in Compliance - (SVP 1)
Activity Demand / Activity Workload Actual 2024-2025 Revised 2025-2026 Budget 2026-2027
Number of active development construction projects, mass grading, and
resident complaints within the Town’s Jurisdiction to verify compliance with
TCEQ Stormwater requirements
180 175 185
Home Building Inspections (per individual lots) 5,000 6,000 4,800
Number of residential developments requiring annual post-construction BMP audits 50 51 53
Number of non-residential developments requiring annual post-construction
BMP audits 40 46 50
Hours spent on Education part of Stormwater program 80 85 85
Hours spent on post-construction BMP audits and coordinating with HOA’s on
remedies. - 150 200
Efficiency / Effectiveness Measures
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Percent of HOA post-construction facilities provided with inspections and
annual audits for drainage facilities 80% 95% 95%
Percent of non-residential post-construction facilities provided with inspections and annual audits for drainage facilities 50% 90% 95%
Percentage of Home Building Lots in Compliance on first inspections - 40% 60%
Percentage of Home Building Lots that reach a Notice of Violation - 8% 5%
Percentage of Home Building Lots that reached a Lot Hold - 3% 2%
Average time for Home Building lots to fall within Compliance (days) 7 7 7
(*with new staff instead of third-party inspector, a higher standard has been applied resulting in less lots being in compliance on a weekly basis. However,
new procedures have resulted in lots quickly getting to compliance once decencies identified. And goal is to always have lots in compliance majority of time)
Expenditure Summary
Actual
2024-2025
Revised
2025-2026
Budget
2026-2027
Personnel 423,213 558,690 737,558
Operations 22,792 95,069 291,031
Verf Chrg For Srvcs 86,025 18,537 16,752
Utilities 1,741 2,740 3,460
Debt 186,880 220,338 219,338
Fuel 4,388 3,200 24,700
Capital 159,669 267,374 314,000
Transfer Out 207,996 229,954 252,851
Total 1,092,704 1,395,902 1,859,690
division: ADMINISTRATION - STORMWATER department: ENGINEERING
department:
129Town of Prosper, TX | Adopted Budget | 2026-2027
UTILITY FUNDS 2025 2026 2027
Personnel Summary Actual Revised Adopted
Erosion Control Inspector 1.00 1.00 1.00
Heavy Equipment Operator (Stormwater) - 1.00 2.00
Stormwater Utility Administrator 1.00 1.00 1.00
Utility Worker 2.00 2.00 2.00
Crew Leader (Stormwater) 1.00 1.00 1.00
Total 5.00 6.00 7.00
Director of Engineering Services
Erosion Control Inspector
Assistant Director of
Engineering Services -
Development
Stormwater Utility
Administrator
Director of Public Works
Street
Supervisor
Street
Superintendent
Crew Leader
Heavy
Equipment
Operator
Utility
Worker (2)
division: ADMINISTRATION - STORMWATER department: ENGINEERING
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130 Town of Prosper, TX | Adopted Budget | 2026-2027
2026-2027
Debt Service Fund
TOWN OF PROSPER, TX
132 Town of Prosper, TX | Adopted Budget | 2026-2027
DEBT SERVICE FUNDDebt Service Fund Description
The Debt Service Fund accounts for the accumulation of resources and the payment of general long-term
debt principal and interest. General Obligation Bonds and Certificates of Obligation are issued to finance
major improvements for the construction of streets, parks, libraries, recreation centers, fire stations,
police stations, and other general governmental improvements. Property taxes are the principal source of
revenue in the Debt Service Fund. The tax rate allocation for the Debt Service Fund is $0.174000, which is
34.5% of the fiscal year 2027 tax rate ($0.505). The purpose of this fund is to retire outstanding general
obligation bond and pay interest on the indebtedness.
133Town of Prosper, TX | Adopted Budget | 2026-2027DEBT SERVICE FUND
Debt Service Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Property Tax 18,148,489 20,799,204 20,798,720 21,025,866 22,174,496 23,359,775 24,036,403 25,930,470
Investment Income 217,024 145,000 145,000 145,000 145,000 145,000 145,000 145,000
Transfers In - - - 1,000,000 - - - -
Total Revenue $ 18,365,513 $ 20,944,204 $ 20,943,720 $ 22,170,866 $ 22,319,496 $ 23,504,775 $ 24,181,403 $ 26,075,470
Expenditures
Principal 10,190,966 9,488,512 10,038,512 10,547,894 11,070,313 11,606,469 11,235,097 11,761,253
Interest 8,082,588 8,506,816 8,512,168 8,081,931 7,565,306 7,020,263 6,473,049 5,940,628
Debt Service on Future Issuance - 3,150,000 3,150,000 2,734,472 3,700,000 4,903,138 6,084,625 8,207,286
Administrative Fees 90,111 20,000 8,500 9,000 9,500 10,000 10,500 11,000
Total Expenditures $ 18,363,664 $ 21,165,328 $ 21,709,180 $ 21,373,297 $ 22,345,119 $ 23,539,870 $ 23,803,271 $ 25,920,167
Change in Fund Balances $ 1,849 $ (221,124)$ (765,460)$ 797,569 $ (25,623)$ (35,095)$ 378,132 $ 155,303
Beginning Fund Balance $ 1,245,232 $ 1,363,680 $ 1,247,081 $ 481,621 $ 1,279,190 $ 1,253,567 $ 1,218,472 $ 1,596,604
Ending Fund Balance $ 1,247,081 $ 1,142,556 $ 481,621 $ 1,279,190 $ 1,253,567 $ 1,218,472 $ 1,596,604 $ 1,751,907
Debt Reserve Policy 3-5% of Annual Debt Service 7% 5% 2% 6% 6% 5% 7% 7%
134 Town of Prosper, TX | Adopted Budget | 2026-2027
DEBT SERVICE FUNDProjection of Debt Margin Based on Town Policy
Actual Projected Projected Projected Projected Projected
Position as of
FYE 9.30.2025
Position as of
FYE 9.30.2026
Position as of
FYE 9.30.2027
Position as of
FYE 9.30.2028
Position as of
FYE 9.30.2029
Position as of
FYE 9.30.2030
1. Assessed Value of taxable property $ 9,622,101,595 $ 10,806,491,907 $ 11,495,554,122 $ 12,026,927,572 $ 12,568,139,313 $ 13,008,024,189
(certified)(certified)(certified)(projected)(projected)(projected)
2. Freeze Assessed Value Equivalent $ 176,987,350 $ 204,603,629 $ 228,422,812 $ 238,701,839 $ 249,443,421 $ 258,173,941
3. Town’s Target (4% limit)$ 391,963,558 $ 440,443,821 $ 468,959,077 $ 490,625,176 $ 512,703,309 $ 530,647,925
Unreserved Debt Capacity $ 391,963,558 $ 440,443,821 $ 468,959,077 $ 490,625,176 $ 512,703,309 $ 530,647,925
4. Beginning Outstanding Debt $ 201,851,397 $ 211,110,431 $ 228,826,920 $ 232,779,026 $ 238,304,713 $ 256,932,444
Less: Total Principal Payment (10,190,966) (12,638,511) (14,497,894) (13,544,313) (14,472,269) (14,506,097)
5. Authorized Proposed Issues 19,450,000 30,355,000 18,450,000 19,070,000 33,100,000 33,000,000
6. Future Proposed Issues - - - - - -
Total Debt Subject to Limit $ 211,110,431 $ 228,826,920 $ 232,779,026 $ 238,304,713 $ 256,932,444 $ 275,426,347
7. Available Unreserved Debt Capacity ($)$ 180,853,127 $ 211,616,901 $ 236,180,051 $ 252,320,463 $ 255,770,865 $ 255,221,578
8. Available Unreserved Debt Capacity (%) 46.14% 48.05% 50.36% 51.43% 49.89% 48.10%
9. I&S Tax Rate 0.180392 0.182946 0.174000 0.174000 0.174000 0.174000
10. Town’s target of 40% or less of Total Tax Rate 35.4% 36.2% 34.5% 34.5% 34.5% 34.5%
11. Outstanding Debt as a percentage of Assessed Value (4% or less) 2.2% 2.1% 2.0% 1.9% 2.0% 2.1%
Notes:
1. Total Assessed valuation growth assumption is 4.5% in FY2028, 4.5% in FY2029, and 3.5% in FY2030.
2. The Freeze Assessed Value Equivalent is the calculated valuation needed to generate the levy collected on frozen property.
3. Town debt policy limits total principal amount of GO bonds together with the principle amount of all other outstanding tax indebtedness will be targeted to not exceed four percent (4%) of the total assessed valuation of the Town’s tax rolls.
4. Current outstanding debt subject to limit at fiscal year end includes all debt in which property taxes are pledged. Excludes debt issued for water, sewer, and drainage projects.
5. Debt issues subject to limit proposed are part of the Capital Improvements Plan and are anticipated to be issued during the referenced fiscal year. Sizing includes estimated
cost of issuance. Authorized in the 2020 & 2025 Bond Elections.”
6. Includes debt issues that are currently not authorized by the voters.
7. Debt capacity available after deducting the reserved capacity in dollars.
8. Debt capacity available after deducting the reserved capacity in percentage.
9. Town’s FY 2025 I&S tax rate and projected I&S rates are calculated based on 100% collections.
10. Percentage of overall total tax rate ($0.505 - FYE 09.30.2026 and beyond).
11. Outstanding Debt as a percentage of Total Assessed Value
Bond Ratings
Over the years, the Town has utilized all three major credit rating agencies, Moody’s Investors Service,
S&P Global Ratings (“S&P”), and, most recently, Fitch Ratings. In 2026, Fitch assigned its highest rating
of ‘AAA’ to the Town’s $37.3 million General Obligation (GO) Refunding & Improvement Bonds. S&P also
assigned its ‘AA+’ rating to the Town’s Series 2026 General Obligation Bonds. These ratings are among the
highest awarded by the respective agencies and reflect the Town’s strong financial position and overall
creditworthiness. The Town’s ratings are supported by continued revenue growth from property taxes,
sales taxes, and other fees and charges, as well as strong economic fundamentals. Rapid economic
expansion, significant growth in assessed valuation (AV), continued development, and a growing and
affluent population with access to major employment centers throughout the region further contribute to
the Town’s strong credit profile. The chart below summarizes the Town’s credit ratings since September
2022.
Rating Entity Prior Rating Prior Rating Period Current Rating
Standard & Poor’s AA+August 2026 AA+
Fitch AAA August 2026 AAA
Standard & Poor’s AA+August 2025 AA+
Fitch AA+August 2025 AAA
Standard & Poor’s AA+August 2024 AA+
Fitch No prior rating August 2024 AA+
Standard & Poor’s AA+August 2023 AA+
Moody’s Aa1 August 2023 Aa1
Standard & Poor’s AA+September 2022 AA+
Moody’s Aa1 September 2022 Aa1
135Town of Prosper, TX | Adopted Budget | 2026-2027
DEBT SERVICE FUNDDebt Issuance Details
Certificates of Obligation, Series 2014 (Moody’s Rated “Aa2” and S&P Rated “AA”) - The proceeds of this
$12.57M taxable issue will be used for (i) acquisition of sewage treatment capacity. The issue is 100%
water and sewer fund related and was issued February 15, 2014, maturing February15, 2034. Interest
payable February 15 and August 15 at rates ranging from 2.0 to 4.0%.
General Obligation Refunding and Improvement Bonds, Series 2016 (Moody’s Rated “Aa2” and S&P
Rated “AA”) - The proceeds of this $7.505M taxable issue will be used for (i) refunding a portion of
the Town’s outstanding debt; (ii) acquiring a site for, and designing a multi-purpose municipal facility
to serve as Town Hall and for other municipal services, with any surplus bond proceeds to be used for
the construction of such facility; (iii) designing, constructing, improving and equipping parks, trails and
recreational facilities and a park administration facility, and the acquisition of land and interests in land
for such purposes; and (iv) constructing, improving, extending, expanding, upgrading and developing
streets and roads, bridges and intersections including utility relocation, landscaping, sidewalks, traffic
safety and operational improvements, the purchase of any necessary rights-of-way, drainage and other
related costs. The issue is 84% debt service fund related and 16% water and sewer fund related and was
issued July 12, 2016, maturing February 15, 2036. Interest payable February 15 and August 15 at rates
ranging from 2.0% to 4.0%.
Certificates of Obligation, Series 2016 (Moody’s Rated “Aa2” and S&P Rated “AA”) - The proceeds of
this $8.47M taxable issue will be used for (i) the construction and equipping of a multi-purpose municipal
facility, (ii) the constructing, improving, extending, expanding, upgrading and developing parks and recreation
facilities including fields, trails, utility relocation, landscaping, sidewalks, and operational improvements,
installation of lighting, the purchase of any necessary rights-of-way, drainage and other related costs; and
(iii) the constructing, improving, extending, expanding, upgrading, and developing storm drainage utility
projects including utility relocation, landscaping, sidewalks, traffic safety and operation improvements,
the purchase of necessary easements and the related costs. The issue is 84% debt service fund related
and 16% stormwater drainage fund related and was issued July 12, 2016, maturing February 15, 2036.
Interest payable February 15 and August 15 at rates ranging from 2.0% to 4.0%.
Certificates of Obligation, Series 2017 (Moody’s Rated “Aa1” and S&P Rated “AA+”) - The proceeds of
this $11.565M taxable issue will be used for (i) constructing and equipping of a facility to serve as Town
Hall and to house other municipal offices; (ii) constructing, improving and developing parks and recreation
facilities; and (iii) constructing and improving storm drainage utility projects in the Town. The issue is
91% debt service fund related and 9% stormwater drainage fund related and was issued June 27, 2017,
maturing February 15, 2037. Interest payable February 15 and August 15 at rates ranging from 2.0% to 5.0%.
General Obligation Bonds, Series 2018 (Moody’s Rated “Aa1” and S&P Rated “AA+”) - The proceeds of
this $3.9M taxable issue will be used for (i) constructing and equipping public safety facilities, parks and
park facilities and a public works facility; and (ii) constructing and improving streets, roads and other
related infrastructure in the Town. The issue is 100% debt service fund related and was issued June 15,
2018, maturing February 15, 2038. Interest payable February 15 and August 15 at rates ranging from
4.0% to 5.0%.
Certificates of Obligation, Series 2018 (Moody’s Rated “Aa1” and S&P Rated “AA+”) - The proceeds of
this $22.225M taxable issue will be used for (i) constructing and equipping a multi-purpose municipal
facility to serve as Town Hall and to house other municipal services; (ii) improving the Town’s waterworks
system; and (iii) constructing and improving streets, roads and other related infrastructure in the Town.
The issue is 56% debt service fund related and 44% water and sewer fund related and was issued June
15, 2018, maturing February 15, 2038. Interest payable February 15 and August 15 at rates ranging from
3.125% to 5.0%.
136 Town of Prosper, TX | Adopted Budget | 2026-2027
DEBT SERVICE FUNDGeneral Obligation Bonds, Series 2019 (Moody’s Rated “Aa1” and S&P Rated “AA+”) - The proceeds of
this $4.065M taxable issue will be used for (i) constructing and improving streets, roads and other related
infrastructure in the Town. The issue is 100% debt service fund related and was issued July 25, 2019,
maturing February 15, 2039. Interest payable February 15, and August 15 at rates ranging from 3.0% to 4.0%.
Certificates of Obligation, Series 2019 (Moody’s Rated “Aa1” and S&P Rated “AA+”) - The proceeds of
this $17.49M taxable issue will be used for (i) acquiring, constructing, installing and equipping additions,
improvements, extensions and equipment for the Town’s waterworks and sewer system; (ii) constructing,
improving, extending, expanding, upgrading and developing streets and roads and intersections, including
utility relocation, landscaping, sidewalks, traffic safety and operational improvements and the purchase
of any necessary rights-of-way and other related costs, (iii) constructing, improving, extending, expanding,
upgrading and developing parks and recreation facilities, including fields, trails, utility relocation, landscaping,
sidewalks and operational improvements, installation of lighting, the purchase of any necessary rights-of-way,
and other related costs; (iv) designing, constructing, improving and equipping public safety facilities in the
Town, including a police station and dispatch facility, and the acquisition of land and interests in land as
necessary for such purposes; and (v) paying legal, fiscal, engineering and architectural fees in connection
with these projects. The issue is 75% debt service fund related and 25% water and sewer fund related
and was issued July 25, 2019, maturing February 15, 2039. Interest payable February 15 and August 15
at rates ranging from 3.0% to 5.0%
Certificates of Obligation, Series 2020 (Moody’s Rated “Aa1” and S&P Rated “AA+”) - The proceeds of this
$10.875M taxable issue will be used for (i) constructing, improving, extending, expanding, upgrading and
developing streets and roads and intersections, including utility relocation, landscaping, sidewalks, traffic
safety and operational improvements and the purchase of any necessary rights-of-way and other related
costs; (ii) constructing, improving, extending, expanding, upgrading and developing parks and recreation
facilities, including fields, trails, utility relocation, landscaping, sidewalks and operational improvements,
installation of lighting, the purchase of any necessary rights-of-way, drainage and other related costs; and
(iii) paying legal, fiscal, engineering and architectural fees in connection with these projects. The issue is
100% debt service fund related and was issued September 1, 2020, maturing February 15, 2035. Interest
payable February 15 and August 15 at 4.0%.
General Obligation Bonds, Series 2021 (Moody’s Rated “Aa1” and S&P Rated “AA+”) - The proceeds
of this $36.255M taxable issue will be used for (i) constructing public safety facilities in the Town; (ii)
equipping parks, trails and recreational facilities in the Town; (iii) constructing and improving streets,
roads and other related infrastructure in the Town; and (iv) paying costs of issuing the Bonds. The issue
is 100% debt service fund related and was issued August 18, 2021, maturing February 15, 2041. Interest
payable February 15 and August 15 at rates ranging from 2.0% to 5.0%.
Certificates of Obligation, Series 2021 (Moody’s Rated “Aa1” and S&P Rated “AA+”) - The proceeds of this
$6.855M taxable issue will be used for (i) constructing, improving, extending, expanding, upgrading and
developing streets and roads and intersections, including utility relocation, landscaping, sidewalks, traffic
safety and operational improvements and the purchase of any necessary right-of-way and other related
costs, specifically including improvements to Frontier Parkway from the Dallas North Tollway to Preston
Road and Fishtrap Road from Teel Parkway to Stuber Elementary School; (ii) construction, acquisition
and installation of the Westside communications radio tower and (iii) paying legal, fiscal, engineering and
architectural fees in connection with these projects, including the costs of issuing the Certificates. The
issue is 100% debt service fund related and was issued August 18, 2021, maturing February 15, 2041.
Interest payable February 15 and August 15 at rates ranging from 2.0% to 5.0%.
137Town of Prosper, TX | Adopted Budget | 2026-2027
DEBT SERVICE FUNDGeneral Obligation Bonds, Series 2022 (Moody’s Rated “Aa1” and S&P Rated “AA+”) - The proceeds of this
$31.600M taxable issue will be used for (i) public safety facilities in the Town, consisting of fire stations,
an emergency operations center, a public safety training facility and administrative facilities relating
thereto ; (ii) equipping parks, trails and recreational facilities in the Town and the acquisition of land and
interests in land for such purposes; (iii) constructing, improving, extending, expanding, upgrading and
developing streets and roads, bridges and intersections in the Town and related drainage improvements,
utility relocations, landscaping, curbs and sidewalks, traffic safety and operational improvements, entryway
signage and other street and road signage and costs associated with such projects, and interests in land
as may be necessary for such purposes, and excluding certain road projects to be funded with other
obligations; and (iv) paying costs of issuing the Bonds. The issue is 100% debt service fund related and
was issued September 29, 2022, maturing February 15, 2042. Interest payable February 15 and August
15 at rates ranging from 4.0% to 5.0%.
Certificates of Obligation, Series 2022 (Moody’s Rated “Aa1” and S&P Rated “AA+”) - The proceeds
of this $12.925M taxable issue will be used for (i) acquiring, constructing, installing and equipping
additions, improvements, extensions and equipment for the Town’s waterworks and sewer system and
the acquisition of land and rights-of-way therefor; (ii) acquiring, constructing and installing stormwater
drainage and flood control improvements in the Town, including dredging, channel improvements and
related infrastructure and utility relocation and the acquisition of land and interests in land necessary
for said improvements; and (iii) paying legal, fiscal, engineering and architectural fees in connection with
these projects, including the costs of issuing the Certificates. The issue is 100% water and sewer fund
related and was issued October 27, 2022, maturing February 15, 2042. Interest payable February 15 and
August 15 at rates ranging from 4.75% to 5.0%.
General Obligation Refunding and Improvement Bonds, Series 2023 (Moody’s Rated “Aa1” and S&P
Rated “AA+”) - Proceeds of this $36.958 taxable issue will be used for: (i) to refund a portion of the Town’s
outstanding debt (the “Refunded Obligations”) for debt service savings (see “Schedule I – Schedule of
Refunded Obligations”); (ii) constructing and equipping parks, trails and recreational facilities in the
Town and the acquisition of land and interests in land for such purposes; (iii) constructing, improving,
extending, expanding, upgrading and developing streets and roads, bridges and intersections in the Town
and related drainage improvements, utility relocations, landscaping, curbs and sidewalks, traffic safety
and operational improvements, entryway signage and other street and road signage and costs associated
with such projects, and interests in land as may be necessary for such purposes, and excluding certain
road projects to be funded with other obligations; and (iv) paying costs of issuing the Bonds. The issue is
100% debt service fund related and was issued September 28, 2023, maturing February 15, 2043. Interest
payable February 15 and August 15 at rates ranging from 4.0% to 5.0%.
Combination Tax and Surplus Revenue Certificates of Obligation, Series 2023 (Moody’s Rated “Aa1” and
S&P Rated “AA+”) - The proceeds of this $8.535 taxable issue will be used for: (i) acquiring, constructing,
installing and equipping additions, improvements, extensions and equipment for the Town’s waterworks and
sewer system and the acquisition of land and rights-of-way therefor, and (ii) paying legal, fiscal, engineering
and architectural fees in connection with these projects, including the costs of issuing the Certificates.
The issue is 100% water and sewer fund related and was issued September 28, 2022, maturing August
15, 2043. Interest payable February 15 and August 15 at rates ranging from 4.75% to 5.0%.
138 Town of Prosper, TX | Adopted Budget | 2026-2027
DEBT SERVICE FUNDGeneral Obligation Bonds, Series 2024 (S&P Rated “AA+” and Fitch Rated “AA+”) - Proceeds from the
sale of the Bonds will be used for: (i) public safety facilities in the Town, consisting of fire stations, an
emergency operations center, a public safety training facility and administrative facilities relating thereto; (ii)
constructing and equipping parks, trails and recreational facilities in the Town and the acquisition of land
and interests in land for such purposes; (iii) constructing, improving, extending, expanding, upgrading and
developing streets and roads, bridges and intersections in the Town and related drainage improvements,
utility relocations, landscaping, curbs and sidewalks, traffic safety and operational improvements, entryway
signage and other street and road signage and costs associated with such projects, and interests in land
as may be necessary for such purposes, and excluding certain road projects to be funded with other
obligations; and (iv) paying costs of issuing the Bonds.
Waterworks and Sewer System Revenue Bonds, Series 2024 (S&P Rated “AA-” and Fitch Rated “AA”)
- Proceeds from the sale of the Bonds will be used for: (i) the acquisition, construction, installation and
equipment of additions, improvements and extensions to the System, and (ii) paying the costs associated
with the issuance of the Bonds.
General Obligation Bonds, Series 2025 (S&P Rated “AA+” and Fitch Rated “AAA”) - Proceeds from the
sale of the Bonds will be used for (i) designing, constructing, improving and equipping parks, trails and
recreational facilities in the Town and the acquisition of land and interests in land for such purposes;
(ii) constructing, improving, extending, expanding, upgrading and developing streets and roads, bridges
and intersections in the Town and related drainage improvements, utility relocations, landscaping, curbs
and sidewalks, traffic safety and operational improvements, entryway signage and other street and road
signage and costs associated with such projects, and interests in land as may be necessary for such
purposes; and (iii) paying costs of issuing the Bonds.
Waterworks and Sewer System Revenue Bonds, Series 2025 (S&P Rated “AA-” and Fitch Rated “AA”)
- Proceeds from the sale of the Bonds will be used for: (i) the acquisition, construction, installation and
equipment of additions, improvements and extensions to the System, (ii) funding the debt service reserve
fund and (iii) paying the costs associated with the issuance of the Bonds.
139Town of Prosper, TX | Adopted Budget | 2026-2027
DEBT SERVICE FUNDOutstanding Principal on Debt
Tax Supported Debt
As of 9/30/2026
Issue
Principal
Outstanding Final Maturity
2016 Certificates of Obligation 5,835,000 2036
2016 General Obligation Bonds 3,060,000 2036
2017 Certificates of Obligation 7,255,000 2037
2018 General Obligation Bonds 2,745,000 2038
2018 Certificates of Obligation 8,665,000 2038
2019 General Obligation Bonds 2,950,000 2039
2019 Certificates of Obligation 9,501,920 2039
2020 Certificates of Obligation 8,430,000 2040
2021 General Obligation Bonds 29,255,000 2041
2021 Certificates of Obligation 5,505,000 2041
2022 General Obligation Bonds 26,650,000 2042
2023 General Obligation Bonds 33,005,000 2043
2024 General Obligation Bonds 30,790,000 2044
2025 General Obligation Bonds 24,825,000 2045
2026 General Obligation Bonds 30,355,000 2046
$ 228,826,920
Water/Sewer/Drainage Supported Debt
As of 9/30/2026
Issue Principal Outstanding Final Maturity
2014 Certificates of Obligation 675,000 2027
2016 Certificates of Obligation 775,000 2036
2017 Certificates of Obligation 645,000 2037
2018 Certificates of Obligation 6,860,000 2038
2019 Certificates of Obligation 3,213,081 2039
2022 Certificates of Obligation 11,135,000 2042
2023 General Obligation Refunding Bonds 2,130,000 2033
2023 Certificates of Obligation 7,470,000 2043
2024 Revenue Bonds 27,705,000 2044
2025 General Obligation Refunding Bonds 5,380,000 2034
2025 Revenue Bonds 33,095,000 2045
2026 Revenue Bonds 17,270,000 2046
$ 116,353,081
140 Town of Prosper, TX | Adopted Budget | 2026-2027
DEBT SERVICE FUNDPrincipal and Interest Debt Schedule
Tax Supported Debt Service
As of 9/30/2026
Year Principal Interest Total
2027 12,022,894 9,352,310 21,375,204
2028 11,620,313 8,908,236 20,528,549
2029 12,196,469 8,334,693 20,531,162
2030 12,310,097 7,745,854 20,055,951
2031 12,891,253 7,158,308 20,049,561
2032 13,459,935 6,579,590 20,039,525
2033 14,037,354 5,993,281 20,030,635
2034 14,369,773 5,392,543 19,762,316
2035 14,982,192 4,783,788 19,765,980
2036 14,714,611 4,180,320 18,894,931
2037 14,215,767 3,596,909 17,812,676
2038 13,943,186 3,041,134 16,984,320
2039 13,328,076 2,513,521 15,841,597
2040 12,665,000 2,001,812 14,666,812
2041 12,385,000 1,510,950 13,895,950
2042 10,055,000 1,061,976 11,116,976
2043 8,110,000 679,459 8,789,459
2044 5,775,000 383,325 6,158,325
2045 3,455,000 179,703 3,634,703
2046 2,290,000 50,094 2,340,094
Totals $ 228,826,920 $ 83,447,809 $ 312,274,729
Water/Sewer/Drainage Supported Debt Service
As of 9/30/2026
Year Principal Interest Total
2027 5,227,106 5,373,256 10,600,362
2028 5,324,687 5,175,895 10,500,582
2029 5,588,532 4,911,788 10,500,320
2030 5,769,903 4,638,327 10,408,230
2031 6,048,748 4,356,299 10,405,047
2032 6,330,065 4,065,616 10,395,681
2033 6,622,646 3,764,013 10,386,659
2034 6,590,227 3,456,945 10,047,172
2035 6,007,808 3,165,034 9,172,842
2036 6,290,389 2,880,892 9,171,281
2037 6,489,234 2,584,532 9,073,766
2038 6,716,815 2,283,779 9,000,594
2039 6,326,923 1,982,748 8,309,671
2040 6,325,000 1,684,106 8,009,106
2041 6,620,000 1,390,844 8,010,844
2042 6,915,000 1,088,931 8,003,931
2043 6,215,000 779,281 6,994,281
2044 5,855,000 503,650 6,358,650
2045 3,810,000 240,444 4,050,444
2046 1,280,000 57,600 1,337,600
Totals $ 116,353,083 $ 54,383,980 $ 170,737,063
2026-2027
Other Funds
TOWN OF PROSPER, TX
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142 Town of Prosper, TX | Adopted Budget | 2026-2027
143Town of Prosper, TX | Adopted Budget | 2026-2027
OTHER FUNDSOther Funds Revenues
By Source
Revenue Category Parks
Impact
Fees
Internal
Service
Special
Revenue Hotel
Property Tax - - - 2,242,333 -
Sales Tax - - - 10,095,466 400,000
Investment Income 50,000 600,000 270,000 92,950 2,000
License, Fees & Permits 2,350,000 - - 300,000 -
Impact Fees - 19,770,736 - 800,000 -
Charges for Services - - 10,189,574 - -
Contribution - - - - -
Miscellaneous - 300,000 300,000 87,523 -
Revenue Total $ 2,400,000 $ 20,670,736 $ 10,759,574 $ 13,618,272 $ 402,000
Parks
7.0%
Parks
7.0%
Impact Fees
32.0%
Impact Fees
32.0%
Internal Service
26.0%
Internal Service
26.0%
Special Revenue
34.0%
Special Revenue
34.0%
Hotel
1.0%
Hotel
1.0%
144 Town of Prosper, TX | Adopted Budget | 2026-2027
OTHER FUNDSTIRZ #1 Fund Description
The Town of Prosper designated a certain area within the Town as Tax Increment Reinvestment Zone
Number 1 in 2008. The Town Council desires to promote the development or redevelopment of said
geographic area by designation of a reinvestment zone, as authorized by the Tax Increment Financing Act,
Chapter 311 of the Texas Tax Code. This fund is to account for the restricted revenue sources detailed in
the agreement along with the reimbursements to the developer for agreed upon expenditures.
145Town of Prosper, TX | Adopted Budget | 2026-2027OTHER FUNDS
TIRZ # 1 Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Property Taxes - Town 1,256,338 1,376,961 1,376,516 1,742,588 1,916,847 2,108,532 2,319,385 2,551,324
Property Taxes - County 265,382 295,022 290,770 320,285 320,285 320,285 320,285 320,285
Property Taxes - Rollback Taxes 165,155 - - - - - - -
Sales Taxes - Town 1,259,307 1,386,765 1,386,765 1,478,736 1,582,252 1,661,380 1,744,428 1,831,648
Sales Taxes - EDC 1,054,669 1,161,416 1,161,416 1,214,676 1,299,707 1,364,705 1,432,923 1,504,568
Investment Income 193,871 50,000 75,000 50,000 50,000 50,000 50,000 50,000
Impact Fees 1,326,957 800,000 681,547 800,000 800,000 800,000 800,000 800,000
Total Revenue $ 5,521,680 $ 5,070,164 $ 4,972,014 $ 5,606,285 $ 5,969,091 $ 6,304,902 $ 6,667,021 $ 7,057,825
Expenditures
Developer Agreement 6,066,936 6,483,373 6,483,373 6,066,771 5,969,091 6,304,903 6,667,021 7,057,825
Total Expenditures $ 6,066,936 $ 6,483,373 $ 6,483,373 $ 6,066,771 $ 5,969,091 $ 6,304,903 $ 6,667,021 $ 7,057,825
Change in Fund Balances $ (545,256)$ (1,413,209)$ (1,511,359)$ (460,486)$ -$ (1)$ -$ -
Beginning Fund Balance $ 2,542,101 $ 1,438,209 $ 1,996,845 $ 485,486 $ 25,000 $ 25,000 $ 24,999 $ 24,999
Ending Fund Balance $ 1,996,845 $ 25,000 $ 485,486 $ 25,000 $ 25,000 $ 24,999 $ 24,999 $ 24,999
146 Town of Prosper, TX | Adopted Budget | 2026-2027
OTHER FUNDSTIRZ #2 Fund Description
The Town of Prosper designated a certain area within the Town as Tax Increment Reinvestment Zone
Number 2 in 2013. The Town Council desires to promote the development or redevelopment of said
geographic area by designation of a reinvestment zone, as authorized by the Tax Increment Financing Act,
Chapter 311 of the Texas Tax Code. This fund is to account for the restricted revenue sources detailed in
the agreement along with the reimbursements to the developer for agreed upon expenditures.
147Town of Prosper, TX | Adopted Budget | 2026-2027OTHER FUNDS
TIRZ # 2 Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Property Taxes - Town 114,647 151,173 151,068 143,602 182,941 201,245 231,447 266,180
Property Taxes - County 24,217 9,285 31,911 35,858 35,858 35,858 35,858 35,858
Sales Taxes - Town 1,562 2,200 2,200 2,641 2,825 2,967 3,115 3,271
Sales Taxes - EDC 1,562 2,200 2,200 2,641 2,825 2,967 3,115 3,271
Investment Income 4,411 1,500 1,500 1,500 1,500 1,500 1,500 1,500
Total Revenue $ 146,399 $ 166,358 $ 188,879 $ 186,242 $ 225,949 $ 244,537 $ 275,035 $ 310,080
Expenditures
Developer Agreement 131,724 184,122 184,122 206,424 225,949 244,537 275,035 310,080
Total Expenditures $ 131,724 $ 184,122 $ 184,122 $ 206,424 $ 225,949 $ 244,537 $ 275,035 $ 310,080
Change in Fund Balances $ 14,675 $ (17,764)$ 4,757 $ (20,182)$ -$ -$ -$ -
Beginning Fund Balance $ 25,750 $ 42,764 $ 40,425 $ 45,182 $ 25,000 $ 25,000 $ 25,000 $ 25,000
Ending Fund Balance $ 40,425 $ 25,000 $ 45,182 $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000
148 Town of Prosper, TX | Adopted Budget | 2026-2027
OTHER FUNDSTIRZ #3 Fund Description
The Town of Prosper designated a certain area within the Town as Tax Increment Reinvestment Zone
Number 3 in 2025. The Town Council desires to promote the development or redevelopment of said
geographic area by designation of a reinvestment zone, as authorized by the Tax Increment Financing Act,
Chapter 311 of the Texas Tax Code. This fund is to account for the restricted revenue sources detailed in
the agreement along with the reimbursements to the developer for agreed upon expenditures. The fund
was created in FY 2025-2026 and will be funded starting in the FY 2027-2028 budget. The fund summary
will not be reported until its initial funding.
149Town of Prosper, TX | Adopted Budget | 2026-2027
OTHER FUNDSCrime Control and Prevention District Description
The Town of Prosper held a special election in 2018 that established a Crime Control and Prevention
Special Purpose District allowed under Texas Local Government Code, Chapter 363 and Texas Tax Code,
Section 323.105. The voters approved the Crime Control and Prevention District for five years, and in 2023,
approved the District for an additional 20 years through 2043, at which time voters will have to reaffirm or
repeal. Crime Control and Prevention District is dedicated to crime reduction programs and the dedication
of a one-fourth of one percent sales and use tax. The sales and use tax collected will be used to support
the cost of crime control and crime prevention including costs of personnel, administration, expansion,
enhancement, and capital expenditures. The implementation of the Crime Control and Prevention District
funded twelve and a half existing Police Officers plus additional personnel costs. In FY 2026-2027, the
fund will be transfer revenue to the General Fund to cover personnel expenses for Police Officers that will
now all be housed within the General Fund.
150 Town of Prosper, TX | Adopted Budget | 2026-2027OTHER FUNDS
Crime Control and Prevention Special Purpose District
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Sales Tax 3,154,399 3,426,536 3,513,838 3,698,386 3,883,305 4,077,471 4,240,569 4,367,787
Investment Income 12,184 1,200 1,200 1,200 1,200 1,200 1,200 1,200
Total Revenue $ 3,166,582 $ 3,427,736 $ 3,515,038 $ 3,699,586 $ 3,884,505 $ 4,078,671 $ 4,241,769 $ 4,368,987
Expenditures
Other 1,930 1,200 1,200 1,200 1,200 1,200 1,200 1,200
Personnel 3,465,443 - - - - - - -
Transfer Out - 3,426,536 3,510,555 3,773,944 3,883,305 4,077,471 4,240,569 4,367,787
Total Expenditures $ 3,467,373 $ 3,427,736 $ 3,511,755 $ 3,775,144 $ 3,884,505 $ 4,078,671 $ 4,241,769 $ 4,368,987
Change in Fund Balances $ (300,790)$ -$ 3,283 $ (75,558)$ -$ -$ -$ -
Beginning Fund Balance $ 398,065 $ 263,479 $ 97,275 $ 100,558 $ 25,000 $ 25,000 $ 25,000 $ 25,000
Ending Fund Balance $ 97,275 $ 263,479 $ 100,558 $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000
151Town of Prosper, TX | Adopted Budget | 2026-2027
OTHER FUNDSFire Control, Prevention, and Emergency Medical Services District Description
The Town of Prosper held a special election in 2018 that established a Fire Control, Prevention, and
Emergency Medical Services Special Purpose District allowed under Texas Local Government Code,
Chapter 344 and Texas Tax Code, Section 321.106. Fire Control, Prevention and Emergency Medical
Services District is dedicated to fire safety and emergency medical services programs and the dedication
of a one-fourth of one percent sales and use tax. The voters approved the Fire Control, Prevention, and
Emergency Medical Services District for the next five years, and in 2023, approved the District for an
additional 20 years through 2043, at which time voters will have to reaffirm or repeal. The sales and use
tax collected will be used to support the cost of fire control, prevention, and emergency services including
costs of personnel, administration, expansion, enhancement, and capital expenditures. The implementation
of the Fire Control, Prevention, and Emergency Medical Services District funded twelve and a half existing
Firefighter/Paramedics plus additional personnel costs. In FY 2026-2027, the fund will be transfer revenue
to the General Fund to cover personnel expenses for Firefighter/Paramedics that will now all be housed
within the General Fund.
152 Town of Prosper, TX | Adopted Budget | 2026-2027OTHER FUNDS
Fire Control, Prevention and Emergency Medical Services Special Purpose District
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Sales Tax 3,170,725 3,460,319 3,507,271 3,698,386 3,883,305 4,077,471 4,240,569 4,367,787
Investment Income 1,806 600 600 1,200 1,200 1,200 1,200 1,200
Total Revenue $ 3,172,531 $ 3,460,919 $ 3,507,871 $ 3,699,586 $ 3,884,505 $ 4,078,671 $ 4,241,769 $ 4,368,987
Expenditures
Other 1,930 2,400 2,400 1,200 1,200 1,200 1,200 1,200
Personnel 3,477,972 - - - - - - -
Transfer Out - 3,458,519 3,510,555 3,743,870 3,883,305 4,077,471 4,240,569 4,367,787
Total Expenditures $ 3,479,902 $ 3,460,919 $ 3,512,955 $ 3,745,070 $ 3,884,505 $ 4,078,671 $ 4,241,769 $ 4,368,987
Change in Fund Balances $ (307,370)$ -$ (5,084)$ (45,484)$ -$ -$ -$ -
Beginning Fund Balance $ 382,938 $ 75,896 $ 75,568 $ 70,484 $ 25,000 $ 25,000 $ 25,000 $ 25,000
Ending Fund Balance $ 75,568 $ 75,896 $ 70,484 $ 25,000 $ 25,000 $ 25,000 $ 25,000 $ 25,000
153Town of Prosper, TX | Adopted Budget | 2026-2027
OTHER FUNDSPark Improvement/Dedication Fund Description
Park Improvement Fund ‐ This fund is to account for contributions to the Town for improvements to Town
parks per development agreements. Developers are reimbursed for the reasonable costs of any park
improvements constructed and accepted by the Town. For multi‐family development projects and for
complete phases of a single‐family subdivision plat, the Developer may elect to apply the entire amount
to be reimbursed under this section as a credit against park fees due for the residential development,
provided that the application of the credit does not result in a partial fee for any dwelling unit, in accordance
with guidelines established by the Town. The Town shall retain sole discretion to determine whether to
accept proposed park improvements.
Park Dedication Fund ‐ This fund is to account for contributions to the Town for the creation of parks within
the Town per development agreements. Fund expenditures must be used for the acquisition, development,
expansion, or upgrading of parks.
154 Town of Prosper, TX | Adopted Budget | 2026-2027OTHER FUNDS
Park Dedication/Improvement Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Park Dedication Fees 1,303,973 1,550,000 1,545,000 1,550,000 1,550,000 1,550,000 1,550,000 1,550,000
Park Improvement Fees 1,324,020 800,000 800,000 800,000 800,000 800,000 800,000 800,000
Park Improvement - Interest 29,180 20,000 20,000 25,000 25,000 25,000 25,000 25,000
Park Dedication - Interest 58,876 20,000 20,000 25,000 25,000 25,000 25,000 25,000
Total Revenue $ 2,716,050 $ 2,390,000 $ 2,385,000 $ 2,400,000 $ 2,400,000 $ 2,400,000 $ 2,400,000 $ 2,400,000
Expenditures
Transfers Out - Park Dedication 1,115,050 1,400,000 1,400,000 3,169,431 1,575,000 1,575,000 1,575,000 1,575,000
Transfers Out - Park Improvement 465,000 750,000 750,000 1,844,662 825,000 825,000 825,000 825,000
Total Expenditures $ 1,580,050 $ 2,150,000 $ 2,150,000 $ 5,014,093 $ 2,400,000 $ 2,400,000 $ 2,400,000 $ 2,400,000
Change in Fund Balances $ 1,136,000 $ 240,000 $ 235,000 $ (2,614,093)$ -$ -$ -$ -
Beginning Fund Balance $ 1,243,093 $ 1,416,524 $ 2,379,093 $ 2,614,093 $ (0)$ (0)$ (0)$ (0)
Ending Fund Balance $ 2,379,093 $ 1,656,524 $ 2,614,093 $ (0)$ (0)$ (0)$ (0)$ (0)
Park Dedication Ending Fund
Balance $ 1,429,431 $ 1,395,930 $ 1,594,431 $ -$ -$ -$ -$ -
Park Improvement Ending Fund
Balance $ 949,662 $ 1,080,008 $ 1,019,662 $ -$ -$ -$ -$ -
155Town of Prosper, TX | Adopted Budget | 2026-2027
OTHER FUNDSImpact Fee Fund Description
Impact Fees were established to assure the availability of funds for major capital projects needed as
a result of development. They are broken out into the following four funds: East Thoroughfare, West
Thoroughfare, Water, and Wastewater. The laws governing the collection and disbursement of impact
fees require separate accounting and reporting of these funds. Additionally, an analysis and update of the
fee structure is required every five years. Appropriations from these funds are being utilized to provide
supplemental funding for eligible capital improvement projects.
156 Town of Prosper, TX | Adopted Budget | 2026-2027OTHER FUNDS
Water Impact Fee Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Investment Income 354,473 200,000 200,000 200,000 200,000 200,000 200,000 200,000
Impact Fees 2,769,965 3,250,000 3,250,000 2,210,994 3,250,000 3,250,000 3,250,000 3,250,000
Total Revenue $ 3,124,438 $ 3,450,000 $ 3,450,000 $ 2,410,994 $ 3,450,000 $ 3,450,000 $ 3,450,000 $ 3,450,000
Expenditures
Developer Agreement 1,309,658 1,790,533 1,790,533 1,800,000 1,200,000 950,000 650,000 650,000
Transfer Out 2,007,309 4,300,000 5,799,905 4,199,151 2,250,000 2,500,000 2,800,000 2,800,000
Total Expenditures $ 3,316,967 $ 6,090,533 $ 7,590,438 $ 5,999,151 $ 3,450,000 $ 3,450,000 $ 3,450,000 $ 3,450,000
Change in Fund Balances $ (192,530)$ (2,640,533)$ (4,140,438)$ (3,588,157)$ -$ -$ -$ -
Beginning Fund Balance $ 7,921,125 $ 7,566,307 $ 7,728,595 $ 3,588,157 $ -$ -$ -$ -
Ending Fund Balance $ 7,728,595 $ 4,925,774 $ 3,588,157 $ -$ -$ -$ -$ -
157Town of Prosper, TX | Adopted Budget | 2026-2027OTHER FUNDS
Wastewater Impact Fee Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Equity Fees 194,000 300,000 300,000 300,000 300,000 300,000 300,000 300,000
Investment Income 158,253 100,000 100,000 100,000 100,000 100,000 100,000 100,000
Impact Fees 1,437,915 2,000,000 2,000,000 1,679,381 2,000,000 2,000,000 2,000,000 2,000,000
Total Revenue $ 1,790,167 $ 2,400,000 $ 2,400,000 $ 2,079,381 $ 2,400,000 $ 2,400,000 $ 2,400,000 $ 2,400,000
Expenditures
Developer Agreement 47,213 558,726 558,726 886,000 - - - -
Transfer Out 3,538,931 2,568,378 3,044,585 2,453,522 2,400,000 2,400,000 2,399,999 2,400,000
Total Expenditures $ 3,586,144 $ 3,127,104 $ 3,603,311 $ 3,339,522 $ 2,400,000 $ 2,400,000 $ 2,399,999 $ 2,400,000
Change in Fund Balances $ (1,795,977)$ (727,104)$ (1,203,311)$ (1,260,141)$ -$ -$ 1 $ -
Beginning Fund Balance $ 4,259,429 $ 2,580,569 $ 2,463,452 $ 1,260,141 $ -$ -$ -$ 1
Ending Fund Balance $ 2,463,452 $ 1,853,465 $ 1,260,141 $ -$ -$ -$ 1 $ 1
158 Town of Prosper, TX | Adopted Budget | 2026-2027OTHER FUNDS
East Thoroughfare Impact Fee Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Investment Income 123,816 100,000 100,000 100,000 100,000 100,000 100,000 100,000
Impact Fees 1,423,018 1,200,000 1,200,000 6,594,756 1,200,000 1,200,000 1,200,000 1,200,000
Total Revenue $ 1,546,834 $ 1,300,000 $ 1,300,000 $ 6,694,756 $ 1,300,000 $ 1,300,000 $ 1,300,000 $ 1,300,000
Expenditures
Developer Agreement 182,639 250,000 250,000 - - - - -
Transfer Out 2,529,491 2,400,000 2,768,480 7,189,152 1,300,000 1,300,000 1,300,000 1,300,000
Total Expenditures $ 2,712,130 $ 2,650,000 $ 3,018,480 $ 7,189,152 $ 1,300,000 $ 1,300,000 $ 1,300,000 $ 1,300,000
Change in Fund Balances $ (1,165,296)$ (1,350,000)$ (1,718,480)$ (494,396)$ -$ -$ -$ -
Beginning Fund Balance $ 3,378,172 $ 1,830,283 $ 2,212,876 $ 494,396 $ -$ -$ -$ -
Ending Fund Balance $ 2,212,876 $ 480,283 $ 494,396 $ -$ -$ -$ -$ -
159Town of Prosper, TX | Adopted Budget | 2026-2027OTHER FUNDS
West Thoroughfare Impact Fee Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Investment Income 379,158 200,000 200,000 200,000 200,000 200,000 200,000 200,000
Impact Fees 3,787,799 4,500,000 4,500,000 9,285,605 4,500,000 4,500,000 4,500,000 4,500,000
Total Revenue $ 4,166,957 $ 4,700,000 $ 4,700,000 $ 9,485,605 $ 4,700,000 $ 4,700,000 $ 4,700,000 $ 4,700,000
Expenditures
Developer Agreement 2,650,793 1,500,000 1,500,000 4,200,000 2,500,000 2,500,000 2,500,000 2,500,000
Transfer Out 5,029,491 3,000,000 3,000,000 11,565,240 2,200,000 2,200,000 2,200,000 2,200,000
Total Expenditures $ 7,680,283 $ 4,500,000 $ 4,500,000 $ 15,765,240 $ 4,700,000 $ 4,700,000 $ 4,700,000 $ 4,700,000
Change in Fund Balances $ (3,513,326)$ 200,000 $ 200,000 $ (6,279,635)$ -$ -$ -$ -
Beginning Fund Balance $ 9,592,961 $ 4,247,989 $ 6,079,635 $ 6,279,635 $ (0)$ (0)$ (0)$ (0)
Ending Fund Balance $ 6,079,635 $ 4,447,989 $ 6,279,635 $ (0)$ (0)$ (0)$ (0)$ (0)
160 Town of Prosper, TX | Adopted Budget | 2026-2027
OTHER FUNDSHotel Occupancy Tax Fund
The Hotel Occupancy Tax Fund collects revenue from a 7% tax on hotel rooms rented in Prosper. The
revenue must be used to promote the town’s hotel industry. Eligible expenditures are subject to a two-part
test. They must put “heads in beds” and be included as one of the nine categories allowed by state law.
The nine categories are:
1. Funding the establishment, improvement, or maintenance of a convention center or visitor information
center.
2. Paying the administrative costs for facilitating convention registration.
3. Paying for the advertising, solicitations, and promotions that attract tourist and convention delegates
to the city or its vicinity.
4. Expenditures that promote the arts.
5. Funding historical restoration or preservation programs.
6. Funding certain expenses, including promotion expenses, directly related to a sporting event within
counties with a population of under 1 million.
7. Funding the enhancement or upgrading of existing sports facilities or sports fields for certain
municipalities.
8. Funding transportation systems for tourists.
9. Signage directing tourists to sights and attractions that are visited frequently by hotel guests in the
municipality.
161Town of Prosper, TX | Adopted Budget | 2026-2027OTHER FUNDS
Hotel Occupancy Tax Fund
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Hotel Occupancy Tax - 302,675 302,675 400,000 412,000 424,360 437,091 450,204
Investment Income - 2,000 2,000 2,000 2,000 2,000 2,000 2,000
Total Revenue $ -$ 304,675 $ 304,675 $ 402,000 $ 414,000 $ 426,360 $ 439,091 $ 452,204
Expenditures
Administration - - - 114,691 121,586 125,543 129,639 133,877
Developer Agreement - 100,892 - - - - - -
Total Expenditures $ -$ 100,892 $ -$ 114,691 $ 121,586 $ 125,543 $ 129,639 $ 133,877
Change in Fund Balances $ -$ 203,783 $ 304,675 $ 287,309 $ 292,414 $ 300,817 $ 309,452 $ 318,327
Beginning Fund Balance $ -$ -$ -$ 304,675 $ 591,984 $ 884,398 $ 1,185,215 $ 1,494,667
Ending Fund Balance $ -$ 203,783 $ 304,675 $ 591,984 $ 884,398 $ 1,185,215 $ 1,494,667 $ 1,812,994
162 Town of Prosper, TX | Adopted Budget | 2026-2027
OTHER FUNDSSpecial Revenue Funds Description
Special Revenue Funds are used to account for the proceeds of specific revenue sources that are
normally restricted to expenditures for specified purposes. The following funds have been consolidated
and presented in one summary.
Tree Mitigation Fee - This fee is received from the development community in lieu of replanting trees, or
preserving existing trees per the Town’s Tree Preservation ordinance.
Court Security/Technology Fund - This fund is used to account for a misdemeanor offense and pay a $4.90
security fee as a cost of the court. These funds are used to finance security personnel, services and items
related to the facility that house the operations of the municipal court. This fund is also used to account
for a misdemeanor offense and pay a technology fee of $4 as technology cost of the Court. These funds
are used to finance the purchase of, or to maintain technology enhancements for the Municipal Court
for the following: computer systems, networks, hardware and software, electric kiosks, electronic ticket
writers, and docket management systems.
Contributions Fund - This fund is used to account for various special revenue sources. Typical revenues
seen in this fund would include Police Department donations, Fire Department donations, Police Seized
funds, Child Safety funds, and developer contributions.
163Town of Prosper, TX | Adopted Budget | 2026-2027OTHER FUNDS
Special Revenue Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Tree Mitigation Revenue 56,858 300,000 300,000 300,000 300,000 300,000 300,000 300,000
Cash Seizures 14,851 - - - - - - -
Investment Income 81,475 31,550 31,550 39,050 39,050 39,050 39,050 39,050
Miscellaneous 10,288 3,000 3,000 10,000 10,000 10,000 10,000 10,000
Police Donations 26,709 15,500 15,500 17,000 17,000 17,000 17,000 17,000
Fire Donations 16,828 15,500 15,500 15,500 15,500 15,500 15,500 15,500
Child Safety Fees 39,802 28,000 28,000 28,000 28,000 28,000 28,000 28,000
Court Security/Technology 29,739 16,723 16,723 16,723 16,723 16,723 16,723 16,723
Municipal Jury Revenue 400 170 170 300 300 300 300 300
Transfers In - - 14,859 - - - - -
Grants - - - 12,000 12,000 12,000 12,000 12,000
Total Revenue $ 276,951 $ 410,443 $ 425,302 $ 438,573 $ 438,573 $ 438,573 $ 438,573 $ 438,573
Expenditures
General Government 40,551 188,060 189,060 328,542 280,060 280,060 280,060 280,060
Capital 29,890 - - - - - - -
Transfer Out 1,150,000 850,000 865,000 - - - - -
Total Expenditures $ 1,220,441 $ 1,038,060 $ 1,054,060 $ 328,542 $ 280,060 $ 280,060 $ 280,060 $ 280,060
Change in Fund Balances $ (943,490)$ (627,617)$ (628,758)$ 110,031 $ 158,513 $ 158,513 $ 158,513 $ 158,513
Beginning Fund Balance $ 2,302,535 $ 2,356,265 $ 1,359,045 $ 730,287 $ 840,318 $ 998,831 $ 1,157,344 $ 1,315,857
Ending Fund Balance $ 1,359,045 $ 1,728,648 $ 730,287 $ 840,318 $ 998,831 $ 1,157,344 $ 1,315,857 $ 1,474,370
164 Town of Prosper, TX | Adopted Budget | 2026-2027
OTHER FUNDSVehicle and Equipment Replacement Fund Description
The Town established the Vehicle and Equipment Replacement Fund (VERF) in Fiscal Year 2013‐2014 to
accumulate sufficient resources to replace existing vehicles and equipment when they reach or exceed
their useful life. The internal program was designed for departments to contribute annual payments to
the fund based on the number, type, average life expectancy, and the projected replacement cost of the
vehicles/equipment. The intent was for funds to be managed to purchase Town vehicles and equipment
in a manner that would not create a burden on the Town budget. Annual contributions are determined by
amortizing the replacement cost for the life expectancy of the vehicle/equipment and are allocated as
charges for services from each department. Balances at the department level are calculated each year
and adjustments are made to replacement values as needed. In addition to budgeted annual contributions,
each department is credited for proceeds of auctioned vehicles/equipment, as well as interest earned for
the year. These proceeds are considered when determining contribution needs for the following fiscal year.
165Town of Prosper, TX | Adopted Budget | 2026-2027OTHER FUNDS
Vehicle and Equipment Replacement Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Charges for Services - 1,566,797 1,572,064 2,239,447 2,253,070 2,003,697 2,003,697 2,003,697
Investment Income 246,255 250,000 250,000 250,000 250,000 250,000 250,000 250,000
Miscellaneous 22,325 150,000 150,000 150,000 - - - -
Auction Proceeds 158,050 - - - 150,000 150,000 150,000 150,000
Transfers In 724,005 - - - - - - -
Total Revenue $ 1,150,635 $ 1,966,797 $ 1,972,064 $ 2,639,447 $ 2,653,070 $ 2,403,697 $ 2,403,697 $ 2,403,697
Expenditures
Technology Expenses - 1,089,094 751,749 - - - - -
Equipment Expenses 727,578 77,706 76,203 - - - - -
Vehicle Expenses 1,624,646 1,972,462 1,980,247 1,055,030 1,860,642 2,540,000 - -
Total Expenditures $ 2,352,225 $ 3,139,262 $ 2,808,199 $ 1,055,030 $ 1,860,642 $ 2,540,000 $ -$ -
Change in Fund Balances $ (1,201,590)$ (1,172,465)$ (836,135)$ 1,584,417 $ 792,428 $ (136,303)$ 2,403,697 $ 2,403,697
Beginning Fund Balance $ 5,095,833 $ 8,803,250 $ 3,894,243 $ 3,058,108 $ 4,642,525 $ 5,434,953 $ 5,298,650 $ 7,702,347
Ending Fund Balance $ 3,894,243 $ 7,630,785 $ 3,058,108 $ 4,642,525 $ 5,434,953 $ 5,298,650 $ 7,702,347 $ 10,106,044
166 Town of Prosper, TX | Adopted Budget | 2026-2027
OTHER FUNDSVehicle and Equipment Replacement Listing
Items to be replaced in Fiscal Year 2026-2027 or Later
Department Model Year Make Model
Estimated
Replacement Cost
Vehicles
Fire Operations 2017 Horton Ambulance 429,122
Fire Operations 2015 Ford F550 Quick Attack Brush Truck 338,814
Fire Operations 2019 Horton Ambulance 445,642 *
Fire Operations 2015 Pierce
Aerial Bucket Truck Velocity
100’ 2,540,000 *
Fire Operations 2013 Pierce Puc Pumper 1,415,000 *
Public Works/Water 2018 Ford F-250 73,000
Code Compliance 2018 Ford F-150 30,000
Police Operations 2022 Chevrolet Tahoe 92,247
Police Operations 2022 Chevrolet Tahoe 92,247
Total cost of vehicle replacements $ 5,456,072
Equipment
Total cost of equipment replacements $ -
Technology
Total cost of Technology replacements $ -
Total cost of all replacements $ 5,456,072
*Expected to be paid in FY2028 or later
167Town of Prosper, TX | Adopted Budget | 2026-2027
OTHER FUNDSHealth Insurance Trust Fund Description
The Town of Prosper initiated a self‐funded health and dental plan effective January 1, 2017 for Town
employees and their dependents. The Town maintains the Employee Health Insurance Trust Fund to
account for the Town’s employee health and dental care coverage. In addition, excess insurance has been
obtained for an individual unit health and prescription drug claims exceeding $150,000. The Town’s claim
administrator is UMR for medical claims and Optum for pharmacy claims.
168 Town of Prosper, TX | Adopted Budget | 2026-2027OTHER FUNDS
Health Insurance Fund Summary
Fund/Account Type Actual 2024-2025 Original 2025-2026
Adopted
Amended 2025-2026
Adopted
Budget 2026-2027 Planning Year 2027-2028 Planning Year 2028-2029 Planning Year 2029-2030 Planning Year 2030-2031
Revenue
Employer Contributions 3,110,412 5,732,137 5,415,211 6,597,555 8,348,433 8,692,859 9,189,404 9,641,303
Employee Contributions 1,860,000 1,499,775 1,542,273 1,352,572 1,370,817 1,408,675 1,447,835 1,488,343
Investment Income 3,083 20,000 5,000 20,000 20,000 20,000 20,000 20,000
Miscellaneous 179,051 150,000 150,000 150,000 - - - -
Cobra and Stop Loss Reimburse-
ments 818,237 150,000 - - 150,000 150,000 150,000 150,000
Transfers In 2,157,807 710,000 710,000 - - - - -
Total Revenue $ 8,128,591 $ 8,261,912 $ 7,822,484 $ 8,120,127 $ 9,889,250 $ 10,271,534 $ 10,807,239 $ 11,299,646
Expenditures
Operating Expenses 434,485 453,129 334,865 334,695 334,695 334,695 334,695 334,695
Claims 7,367,884 7,560,895 6,408,227 7,304,432 8,000,670 8,773,493 9,631,327 10,583,523
Insurance 409,125 485,367 491,567 475,000 475,000 475,000 475,000 475,000
Wellness Program - 6,000 6,000 6,000 6,000 6,000 6,000 6,000
Total Expenditures $ 8,211,494 $ 8,505,391 $ 7,240,659 $ 8,120,127 $ 8,816,365 $ 9,589,188 $ 10,447,022 $ 11,399,218
Change in Fund Balances $ (82,903)$ (243,479)$ 581,825 $ -$ 1,072,885 $ 682,346 $ 360,217 $ (99,572)
Beginning Fund Balance $ 148,868 $ 708,756 $ 65,965 $ 647,790 $ 647,790 $ 1,720,675 $ 2,403,021 $ 2,763,238
Ending Fund Balance $ 65,965 $ 465,277 $ 647,790 $ 647,790 $ 1,720,675 $ 2,403,021 $ 2,763,238 $ 2,663,666
Months of Claims Expense in Reserve 0.11 0.74 1.21 1.06 2.58 3.29 3.44 3.02
2026-2027
Capital Project Funds
TOWN OF PROSPER, TX
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170 Town of Prosper, TX | Adopted Budget | 2026-2027
171Town of Prosper, TX | Adopted Budget | 2026-2027
CAPITAL PROJECT FUNDSCapital Projects Funds
The Capital Project Funds account for financial resources to be used for the acquisition or construction
of major capital assets, infrastructure, and facilities. The Governmental Capital Projects Fund consists
of Streets, Parks, and Public Safety projects. The Enterprise Capital Projects Fund consists of Water,
Wastewater, and Drainage projects. These funds are budgeted on a project basis as the project expenditures
normally cross over fiscal years and the appropriation stay open until the project is complete.
172 Town of Prosper, TX | Adopted Budget | 2026-2027
CAPITAL PROJECT FUNDSGovernmental Capital Projects Fund
Fiscal Year 2027
Resources:
Current FY26 Resources as of 8/3/26
Cash $ 44,221,052
Liabilities 1,703,459
Unspent Prior Year Bond Funds 29,811,420
Pending Interest 734,386
Denton County Bond Program 3,556,847
Prosper ISD 6,298,292
Artesia Reimbursement 232,375
TxDOT Reimbursement 617,921
NCTCOG Grant 720,000
Collin County Open Spaces Grant 48,000
EDC Contribution 2,500,000
2026 GO Bonds 31,347,062
Remaining unspent budget amount for projects in process 104,092,263
Net unobligated balances and contingencies 14,291,633
Adopted FY27 Resources:
West Thoroughfare Impact Fee Transfers 11,565,240
East Thoroughfare Impact Fee Transfers 7,189,152
Park Improvement Fee Transfers 1,844,662
Park Dedication Fee Transfers 3,169,431
Tree Mitigation Fee Transfers 300,000
Interest Income 2,000,000
Capital Dedicated Funds 10,896,257
Projected 2027 GO Bonds 18,450,000
Intent to Reimburse Future Bond Issuance 5,000,000
Total Future Resources 60,414,742
Funds available to be committed 74,706,375
173Town of Prosper, TX | Adopted Budget | 2026-2027
CAPITAL PROJECT FUNDSAdditional Projects:
Streets Projects
Coit Rd (First to Frontier) 6,881,407
Coleman (gorgeous - Talon) 6,298,292
Frontier Pkwy (Legacy - DNT) 2,500,000
Coleman (First - Gorgeous) 1,000,000
Teel Pkwy (First - Freeman) 11,000,000
Prosper Trail (Legacy - DNT) 2,000,000
Legacy Drive (Star Trail - Legacy MS) 1,300,000
Prosper Trail (Teel - Legacy) 2,000,000
Gorgeous (McKinley - Coleman) 2,500,000
Whitley Place / First Street - Open Space 100,000
CIP Salaries 400,000
DNT NB Frontage Road Repairs 8,500,000
Roundabout (La Cima/First Street) 500,000
Roundabout (Richardson/Lakewood) 500,000
Parks Projects
Parks Board Priority Projects 1,000,000
Frontier Park Improvements 1,000,000
Prairie Median Landscaping 1,000,000
CIP Salaries 400,000
Facility Projects
Parks & Public Works, Phase 1 1,700,000
Public Safety Portable Buildings 200,000
CIP Employee Salaries 400,000
Projects Awaiting Allocation
Streets 15,074,490
Parks 5,934,093
Facilities 2,518,093
Total Additional Projects 74,706,375
Projected Remaining Unobligated Fund Balance -
174 Town of Prosper, TX | Adopted Budget | 2026-2027
CAPITAL PROJECT FUNDSWater/Wastewater Capital Projects Fund
Fiscal Year 2027
Resources:
Current FY26 Resources as of 8/3/26
Cash $ 14,345,676
Liabilities (553,290)
Revenue Bond Required Reserve (1,258,547)
Unspent Prior Year Bond Funds 10,778,049
Pending Interest 410,915
Escrow Funds 25,000
TxDOT Reimbursement 2,520,000
TxDOT Grant 1,800,000
2026 Revenue Bonds 17,311,950
Remaining unspent budget amount for projects in process (79,248,227)
Net unobligated balances and contingencies (33,868,474)
Adopted FY27 Resources:
Interest Income 500,000
Water Impact Fee Transfers 4,199,151
Wastewater Impact Fee Transfers 2,453,522
Texas Water Board 7,099,150
Estimated 2027 Revenue Bond 15,571,950
Total Future Resources 29,823,773
Funds available to be committed 4,044,701
Additional Projects
Water Projects
Ground Storage 6MG Tank 7,099,150
CIP Salaries 300,000
Sewer Projects
Doe Branch Parallel Interceptor (6,516,547)
Doe Branch, Phase 3 WWTP (11,902,444)
CIP Salaires 200,000
Projects Awaiting Allocation
Water/Sewer Projects 6,775,140
Total Additional Projects (4,044,701)
Projected Remaining Unobligated Fund Balance -
175Town of Prosper, TX | Adopted Budget | 2026-2027
CAPITAL PROJECT FUNDSDrainage Capital Projects Fund
Fiscal Year 2027
Resources:
Current FY26 Resources as of 8/31/26
Cash $ 304,636
Liabilities -
Pending Interest 2,600
Remaining unspent budget amount for projects in process (301,516)
Net unobligated balances and contingencies 5,720
Adopted FY27 Resources:
Interest Income -
Transfer from Drainage Fund 200,000
Total Future Resources 200,000
Funds available to be committed 205,720
Additional Projects:
Drainage Projects:
Old Town Regional Detention Pond #2 200,000
Unprogrammed:
Unprogrammed Drainage Projects 5,720
Total Additional Projects 205,720
Projected Remaining Unobligated Fund Balance -
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176 Town of Prosper, TX | Adopted Budget | 2026-2027
2026-2027
Multi-Year
Capital Plan
TOWN OF PROSPER, TX
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178 Town of Prosper, TX | Adopted Budget | 2026-2027
179Town of Prosper, TX | Adopted Budget | 2026-2027
MULTI-YEAR CAPITAL PLANFive‐Year Capital Improvement Program
The five‐year CIP is an integral part of the Town’s strategic project planning process related to capital
infrastructure for streets, traffic improvements, parks, Town facilities, water, wastewater and drainage lines.
Working in conjunction with community officials and community stakeholders, Town staff periodically
evaluates the various capital infrastructure needs of the community for inclusion in the annual update of
the Capital Improvement Program. Based on the needs identified, the recommended timing and funding
for each project is prioritized by the CIP Subcommittee and by Town Council annually during the budget
process. Upon direction by the Town Council, the final Capital Improvement Program is adopted with the
annual operating and capital budgets. Operating budgets are funded by current revenues, while the capital
budgets are funded from various sources, including impact fees, developer contributions, one‐time uses
of surplus fund balance or from debt proceeds. Debt service payments for the retirement of debts are
built into the operating budgets by allocating I&S property taxes and transfers from other sources. The
following pages outline the projected needs for the Town.
180 Town of Prosper, TX | Adopted Budget | 2027
MULTI-YEAR CAPITAL PLANFY 2027 - FY 2031 Capital Improvement Program ($000’s)
FY 2027 - FY 2031 Capital Improvement Program ($000’s)
General Fund Projects
CIP Project Prior Yrs FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 TOTAL
STREET:
Preston Road / First Street Dual Left Turns $ 900 900
Safety Way (Cook - Technology) 800 800
Gorgeous/McKinley: (LIV Development Agreement) 700 700
First Street (DNT - Coleman) 24,758 24,758
Coit Road (First - Frontier) - 4 Lanes 20,908 6,881 27,789
DNT Main Lanes (US 380 - FM 428) 7,671 2,750 2,750 13,171
US 380 Decelerations Lanes - Denton County 500 900 1,400
Fifth Street Quiet Zone 500 500
Prosper Trail (Coit - Custer) - 2 WB Lanes 1,400 18,000 19,400
Gee Road (US 380 - FM 1385) - 2 WB Lanes 5,000 20,000 25,000
Coleman (Gorgeous - Prosper Trail) - 4
Lanes 13,225 6,298 19,523
Legacy (First St. - Prosper Trail) 2 SB
Lanes (Park Place DA) 200 200
Legacy (First St. - Prosper Trail) 2 SB Lanes (Star Trail DA) 550 550
Frontier Parkway (Legacy - DNT) 300 2,500 6,000 8,800
First Street (Coleman - Craig) 2,500 10,500 13,000
Craig Street (Preston - Fifth) 5,150 5,150
Parvin (FM 1385 - Legacy) 500 500
Coleman (First - Gorgeous) - 4 Lanes 660 1,000 10,600 12,260
Teel Parkway (First - Freeman) 915 11,000 11,915
Prosper Trail (Legacy - DNT) 1,200 2,000 8,000 11,200
Legacy Drive (Prosper Trail - Parvin) - PISD
Reimbursement 6,308 6,308
Legacy Drive (Star Trail - Legacy MS) 1,300 4,500 5,800
Prosper Trail (Teel - Legacy) 2,000 10,000 12,000
Gorgeous (LIV - Coleman) 230 2,500 2,730
Godwin Parkway (DNT - BNSF RR) 2,000 2,000
Whitley Place / First St.- Open Space 250 100 350
DNT NB Frontage Road Repairs 8,500 8,500
Projects Awaiting Allocation 15,075 15,075
CIP Salaries 400 400 800
TOTAL STREET $ 97,525 $ 59,554 $ 22,150 $ 45,850 $ 26,000 $ 0 $ 251,079
181Town of Prosper, TX | Adopted Budget | 2027
MULTI-YEAR CAPITAL PLANFY 2027 - FY 2031 Capital Improvement Program ($000’s)
General Fund Projects
CIP Project Prior Yrs FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 TOTAL
TRAFFIC:
Median Lighting US 380 (Mahard - Lovers
Ln)$ 300 300
Traffic Signal - First & Artesia 590 590
Traffic Signal - DNT & Frontier Parkway 282 282
Traffic Improvement Projects 1,313 1,313
Opticom Repair/Installation 85 85
School Zone Flashers 141 141
Traffic Signal Communications Program Phase 2 of 2 645 645
Traffic Equipment 16 16
Traffic Signal - Legacy & Prairie 615 615
Traffic Signal - Legacy & Prosper Trail 60 700 760
Traffic Detection Equipment 550 550
Restripe First Street / Teel Parkway 21 21
Traffic Signal - First Street & La Cima 525 525
Roundabout (La Cima/First Street) 500 2,000 2,500
Roundabout (Richland/Lakewood) 500 2,000 2,500
Traffic Signal - Richland Blvd & Walmart/
Panera 60 700 760
TOTAL TRAFFIC $ 4,678 $ 1,000 $ 700 $ 1,225 $ 4,000 $ 0 $ 11,603
182 Town of Prosper, TX | Adopted Budget | 2027
MULTI-YEAR CAPITAL PLANFY 2027 - FY 2031 Capital Improvement Program ($000’s)
General Fund Projects
CIP Project Prior Yrs FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 TOTAL
PARK:
Windsong Park #3 $ 350 350
Lakewood Preserve, Phase 2 (22 Acres/
Lights) 5,587 5,587
Downtown Park (Broadway/Parvin) 1,231 1,231
Raymond Community Park Dam Repair 350 350
Playground Shade Structures - Lakewood
& Hackberry Parks 200 200
Security Cameras - Raymond Community
& Lakewood Parks 250 250
Pecan Grove & Whitley Place HOA Irrigation Seperation 125 125
Mirabella Park (Tellus) 500 500
Creekside Park (Shaddock) 445 445
Doe Branch Trail Connections 1,684 1,684
Parks Board Priority Projects 1,000 1,000 2,000
Downtown Improvements 339 339
Downtown Monumentation 205 205
Downtown Monumentation, Broadway &
Main 633 633
Downtown Monumentation, First & Main 465 465
Prosper Parking Lot and Alley Improve-
ments 529 529
2025 Bond Prop F (Downtown Improve-ments) 2,300 2,300
Raymond Community Park, Phase 1 25,305 25,305
Raymond Community Park, Trail / Bridge - Grant Matching 917 917
Frontier Park Pond Repairs 473 473
Frontier Park Concrete Repairs 120 120
Frontier Park Improvements 1,000 1,270 2,270
Parks & Recreation Admin Facility Parking Lot Paving 80 80
Doe Branch Property Masterplan 140 140
Dream Park 3,000 3,000
Mahard Median Lndscp (US 380 - S of Prairie) 533 533
Prairie Median Lndscp (W of Legacy -
Mahard) 250 1,000 1,250
Richland Median Lndscp (Prosper
Commons - Coit Rd) 150 150
CIP Salaries 300 400 700
Prosper Trail Screening (Preston - Deer
Run) 557 557
Doe Branch Creek Erosion Control 225 225
Parks, Recreation, and Open Space Master Plan Update 140 140
Projects Awaiting Allocation 5,934 5,934
TOTAL PARK $ 44,618 $ 9,334 $ 5,035 $ 0 $ 0 $ 0 $ 58,987
183Town of Prosper, TX | Adopted Budget | 2027
MULTI-YEAR CAPITAL PLANFY 2027 - FY 2031 Capital Improvement Program ($000’s)
General Fund Projects
CIP Project Prior Yrs FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 TOTAL
FACILITY:
Fire Station #4: (Design)$ 953 953
Fire Station #4: (Oher Development Costs) 410 410
Fire Station #4: (Construction) 11,610 11,610
Fire Station #4: (FF&E) 700 700
Town Hall Repairs - N. Parking Lot & Front
Steps & Fountain 299 299
Parks and Public Works, Phase 1 19,519 1,700 21,219
Public Safety Fiber Ring 1,000 1,000
Facility Improvement Projects 59 59
Fire Engine and Equipment - Fire Station
#5 1,700 1,700
Public Safety Portable Buildings (Moving and Outfitting) 200 200
CIP Salaries 300 400 700
Projects Awaiting Allocation 2,521 2,521
TOTAL FACILITY $ 34,850 $ 4,821 $ 1,700 $ 0 $ 0 $ 0 $ 41,371
TOTAL GENERAL FUND PROJECTS $ 181,671 $ 74,709 $ 29,585 $ 47,075 $ 30,000 $ 0 $ 363,040
184 Town of Prosper, TX | Adopted Budget | 2027
MULTI-YEAR CAPITAL PLANFY 2027 - FY 2031 Capital Improvement Program ($000’s)
Enterprise Fund Projects
CIP Project Prior Yrs FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 TOTAL
WATER:
LPP Pump Station, Phase 2:
(Construction)$ 19,406 19,406
FM 1461 12-inch Water Line Relocation 6,900 6,900
Parks and Public Works, Phase 1 7,995 7,995
Ground Storage 6 MG Tank 12,900 7,099 19,999
Craig Street 2 MG EST Rehabilitation 3,000 3,000
First Street (DNT - Coleman) - 12” Water
Line 2,500 2,500
LPP Elevated Storage Tank #2 750 750
LPP Ground Storage Tank, Pumps and
NTMWD Meter 1,400 1,400
Godwin Parkway (DNT - BNSF RR) 262 262
US 380 30-inch Water/8” WW Line
Relocation 1,800 15,300 17,100
CIP Salaries 300 300 600
Projects Awaiting Allocation 6,775 6,775
TOTAL WATER $ 55,063 $ 14,174 $ 15,300 $ 0 $ 2,150 $ 0 $ 86,687
CIP Project Prior Yrs FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 TOTAL
WASTEWATER:
Doe Branch Parallel Interceptor $ 16,253 -6,516 9,737
Upper Doe Branch WW Line (Teel - PISD
Stadium) 6,963 6,963
Doe Branch, Phase 3 WWTP 104,946 -11,902 93,044
Denton ISD WW Line Reimbursement 532 532
CIP Salaries 200 200 400
TOTAL WASTEWATER $ 128,894 -$ 18,218 $ 0 $ 0 $ 0 $ 0 $ 110,676
TOTAL WATER & WASTEWATER $ 183,957 -$ 4,044 $ 15,300 $ 0 $ 2,150 $ 0 $ 197,363
CIP Project Prior Yrs FY 2027 FY 2028 FY 2029 FY 2030 FY 2031 TOTAL
DRAINAGE:
Old Town Regional Detention Pond #2 $ 298 200 1,800 2,298
TOTAL DRAINAGE $ 298 $ 200 $ 0 $ 1,800 $ 0 $ 0 $ 2,298
TOTAL ENTERPRISE FUND PROJECTS $ 184,255 -$ 3,844 $ 15,300 $ 1,800 $ 2,150 $ 0 $ 199,661
IssuedFY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36 Total FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36
Prior Years 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036 Cost 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036
01 2118-ST Preston Road / First Street Dual Left Turns: (Design)100,000 100,000 100,000 01
02 2118-ST Preston Road / First Street Dual Left Turns: (Construction)800,000 800,000 800,000 B 02
03 2303-ST Safety Way (Cook - Technology): (MOU approved July 19, 2022)800,000 800,000 800,000 L 03
04 2304-ST Gorgeous/McKinley: (LIV Development Agreement)700,000 700,000 700,000 L 04
05 1512-ST First Street (DNT - Coleman): (Design)2,758,067 2,758,067 2,758,067 A,D 05
06 1512-ST First Street (DNT - Coleman): (Land/Esmt)3,000,000 3,000,000 1,500,000 1,500,000
D 06
07 1512-ST First Street (DNT - Coleman): (Construction)19,000,000 19,000,000 18,000,000 1,000,000
L 07
08 1710-ST Coit Road (First - Frontier) - 4 lanes: (Design)1,289,900 1,289,900 1,289,900 A,X 08
09 1710-ST Coit Road (First - Frontier) - 4 lanes: (Land/Esmt)2,500,000 2,500,000 2,500,000 09
10 1710-ST Coit Road (First - Frontier) - 4 lanes: (Construction)17,118,593 6,881,407 24,000,000 21,909,000 2,091,000
B,I,L 7,797,062 10
11 1937-ST DNT Main Lane (US 380 - FM 428): (Construction)7,671,186 2,750,000 2,750,000 13,171,186 9,862,560 3,308,626
L,K,Z 11
12 2302-ST US 380 Deceleration Lanes - Denton County: (Construction)500,000 900,000 1,400,000 1,400,000 L 12
13 1925-TR Fifth Street Quiet Zone 500,000 500,000 500,000 L 13
14 2326-ST Prosper Trail (Coit - Custer) - 2 WB lanes: (Design)900,000 900,000 500,000 400,000
A,L,Z 14
15 2326-ST Prosper Trail (Coit - Custer) - 2 WB lanes: (Land/Esmt)500,000 500,000 500,000 A 15
16 2326-ST Prosper Trail (Coit - Custer) - 2 WB lanes: (Construction)18,000,000 18,000,000 18,000,000 9,000,000 9,000,000 16
17 2310-ST Gee Road (US 380 - FM 1385) - 2 NB lanes: (Design)2,200,000 2,200,000 2,200,000 B 17
18 2310-ST Gee Road (US 380 - FM 1385) - 2 NB lanes: (Land/Esmt)2,800,000 2,800,000 2,800,000 B,Z 18
19 2310-ST Gee Road (US 380 - FM 1385) - 2 NB lanes: (Construction)20,000,000 20,000,000 10,000,000 10,000,000
B,Z 10,000,000 19
20 2141-ST Coleman (Gorgeous - Talon) - 4 lanes: (Design)1,202,856 1,202,856 305,712 897,144
A,I,K 20
21 2141-ST Coleman (Gorgeous - Talon) - 4 lanes: (Land/Esmt)2,819,740 2,819,740 1,594,740 1,225,000
D 21
22 2141-ST Coleman (Gorgeous - Talon) - 4 lanes: (Construction)9,201,708 6,298,292 15,500,000 15,500,000 15,500,000 22
23 2504-ST Legacy (Fishtrap - Prosper Trail) - 2 SB lanes: (Park Place DA)200,000 200,000 200,000 A 23
24 2505-ST Legacy (Fishtrap - Prosper Trail) - 2 SB lanes: (Star Trail DA)550,000 550,000 550,000 A 24
25 2311-ST Frontier Parkway (Legacy - DNT): (Design)300,000 300,000 300,000 25
26 2311-ST Frontier Parkway (Legacy - DNT): (Construction)6,000,000 6,000,000 6,000,000 26
27 2311-ST Frontier Parkway (Legacy - DNT): (Construction) (DNT Intersection)2,500,000 2,500,000 2,500,000 A 2,000,000 27
28 2305-ST First Street (Coleman - Craig): (Design)500,000 500,000 500,000 L 28
29 2305-ST First Street (Coleman - Craig): (Land/Esmt)2,000,000 2,000,000 2,000,000 A 29
30 2305-ST First Street (Coleman - Craig): (Construction)10,500,000 10,500,000 10,500,000 A 5,500,000 5,000,000 30
31 2140-ST Craig Street (Preston - Fifth): (Design)369,600 369,600 369,600 31
32 2140-ST Craig Street (Preston - Fifth): (Land/Esmt)380,400 380,400 380,400 32
33 2140-ST Craig Street (Preston - Fifth): (Construction)4,400,000 4,400,000 4,400,000 A 33
34 2208-ST Parvin (FM 1385 - Legacy): (Design)500,000 500,000 500,000 34
35 2208-ST Parvin (FM 1385 - Legacy): (Land/Esmt)2,000,000 2,000,000 2,000,000 35
36 2208-ST Parvin (FM 1385 - Legacy): (Construction)31,000,000 31,000,000 31,000,000 B,Z 36
37 2411-ST Coleman (First - Gorgeous): (Design)660,000 660,000 660,000 Z 37
38 2411-ST Coleman (First - Gorgeous): (Land/Esmt)1,000,000 1,000,000 1,000,000 1,000,000 38
39 2411-ST Coleman (First - Gorgeous): (Construction)10,600,000 10,600,000 10,600,000 5,600,000 5,000,000 39
40 2415-ST Teel Parkway (First - Freeman): (Design)915,433 915,433 855,510 59,923 L 40
41 2415-ST Teel Parkway (First - Freeman): (Land/Esmt)500,000 500,000 500,000 500,000 41
42 2415-ST Teel Parkway (First - Freeman): (Construction)10,500,000 10,500,000 10,500,000 5,500,000 5,000,000 42
43 2506-ST Prosper Trail (Legacy - DNT): (Design)1,200,000 1,200,000 1,200,000 A 43
44 2506-ST Prosper Trail (Legacy - DNT): (Land/Esmt)2,000,000 2,000,000 2,000,000 A 44
45 2506-ST Prosper Trail (Legacy - DNT): (Construction)8,000,000 8,000,000 8,000,000 4,000,000 4,000,000 45
46 2410-ST Legacy Drive (Prosper Trail - Parvin) - PISD Reimbursement 6,308,292 6,308,292 6,308,292 L,X 46
47 2626-ST Legacy Drive (Star Trail - Legacy MS): (Design)400,000 400,000 400,000 400,000 47
48 2626-ST Legacy Drive (Star Trail - Legacy MS): (Land/Esmt)900,000 900,000 900,000 400,000 500,000 48
49 2626-ST Legacy Drive (Star Trail - Legacy MS): (Construction)4,500,000 4,500,000 4,500,000 4,500,000 49
50 2627-ST Prosper Trail (Teel - Legacy): (Design)1,000,000 1,000,000 1,000,000 1,000,000 50
51 2627-ST Prosper Trail (Teel - Legacy): (Land/Esmt)1,000,000 1,000,000 1,000,000 1,000,000 51
52 2627-ST Prosper Trail (Teel - Legacy): (Construction)10,000,000 10,000,000 10,000,000 5,000,000 5,000,000 52
53 2529-ST Gorgeous (McKinley - Coleman): (Design)230,000 230,000 230,000 Z 53
54 2529-ST Gorgeous (McKinley - Coleman): (Land/Esmt)750,000 750,000 750,000 750,000 54
55 2529-ST Gorgeous (McKinley - Coleman): (Construction)1,750,000 1,750,000 1,750,000 1,750,000 55
56 2602-ST Godwin Parkway (DNT - BNSF RR)2,000,000 2,000,000 2,000,000 A,X 56
57 2603-ST Whitley Place / First St.- Open Space 250,000 100,000 350,000 350,000 L 57
58 2601-ST CIP Salaries 400,000 400,000 800,000 800,000 L 58
59 Remaining Prop A 2025 GO Bond 2,667,843 2,667,843 2,667,843 2,667,843 59
60 DNT NB Frontage Road Repairs 8,500,000 8,500,000 8,500,000 8,500,000 59
61 Funds Awaiting Allocation 15,074,490 60
PARTNER ENTITY PROJECTS NOT PAID BY TOWN AND EXCLUDED FROM TOTAL
01 US 380 (US 377 - Denton County Line)178,105,000 178,105,000 178,105,000 D,X 01
02 FM 1461 (SH 289 - CR 165)525,000 45,190,870 45,715,870 45,715,870 A,X 02
03 DNT Main Lane (US 380 - FM 428): (Design)312,821,815 312,821,815 312,821,815 X 03
97,525,775 59,554,189 22,150,000 45,850,000 26,000,000 0 35,667,843 271,673,317 206,833,332 64,839,985 29,347,062 17,250,000 14,500,000 33,100,000 29,000,000 0 2,667,843
Design 13,125,856 1,400,000 0 0 0 0 0 14,525,856
Construction 59,191,487 27,929,699 22,150,000 45,850,000 26,000,000 0 31,000,000 212,121,186 GO Bond Debt 29,347,062 17,250,000 14,500,000 33,100,000 29,000,000 0 2,667,843
Design & Construction 11,208,292 24,074,490 0 0 0 0 2,667,843 22,876,135
Land/Easements 14,000,140 6,150,000 0 0 0 0 2,000,000 22,150,140
Description Codes - Other Sources
##A Impact Fees D General Fund G Park Development Fund J TIRZ #2 X Non-Cash Contributions
##B Grant and Interlocal Funds E Water / Wastewater Fund H TIRZ #1 K Escrows Z Other Sources (See Detail)
##C Developer Agreements F Stormwater Drainage Fund I Interest L Capital Dedicated
Summary of Capital Improvement Program - 2026-08-24 Proposed
Un-Restricted
General Fund Projects
IndexIndexStreet Projects
Subtotal
Unissued Debt ScheduleFunding Sources
Restricted
01 185Town of Prosper, TX | Adopted Budget | 2026-2027MULTI-YEAR CAPITAL PLAN
IssuedFY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36 Total FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36
Prior Years 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036 Cost 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036
01 2211-TR Median Lighting US 380 (Mahard - Lovers Ln): (Construction)300,000 300,000 300,000 A 01
02 2101-TR Traffic Signal - Fishtrap & Artesia Boulevard: (Design)65,000 65,000 37,500 27,500 B,L 02
03 2101-TR Traffic Signal - Fishtrap & Artesia Boulevard: (Construction)525,000 525,000 225,000 300,000
B,L 03
04 2317-TR Traffic Signal - DNT/Frontier: (Design)81,500 81,500 81,500 L,Z 04
05 2317-TR Traffic Signal - DNT/Frontier: (Construction)200,000 200,000 200,000 L,Z 05
06 2501-TR Traffic Improvement Projects 1,312,971 1,312,971 1,312,971 L 06
07 2414-TR Opticom Repair/Installation 85,000 85,000 85,000 L 07
08 2530-TR School Zone Flashers 140,544 140,544 140,544 L 08
09 2502-TR Traffic Signal Communications Program Phase 2 of 2 645,000 645,000 645,000 L 09
10 2531-TR Traffic Equipment 15,928 15,928 15,928 L 10
11 2503-TR Traffic Signal - Legacy & Prairie: (Design)65,000 65,000 65,000 L 11
12 2503-TR Traffic Signal - Legacy & Prairie: (Construction)550,500 550,500 550,500 L 12
13 2604-TR Traffic Signal - Legacy & Prosper Trail: (Design)60,250 60,250 60,250 L 13
14 2604-TR Traffic Signal - Legacy & Prosper Trail: (Construction/Temporary).700,000 700,000 50,000 650,000
L 14
15 2628-TR Traffic Detection Equipment 550,000 550,000 550,000 L 15
16 2629-TR Restripe First Street / Teel Parkway 21,688 21,688 21,688 L 16
17 Traffic Signal - First Street & La Cima: (Design)65,000 65,000 65,000 17
18 Traffic Signal - First Street & La Cima: (Construction)460,000 460,000 460,000 18
19 Roundabout (La Cima/First Street): (Design)500,000 500,000 500,000 500,000 19
20 Roundabout (La Cima/First Street): (Construction)2,000,000 2,000,000 2,000,000 2,000,000 20
21 Roundabout (Richland/Lakewood): (Design)500,000 500,000 500,000 500,000 21
22 Roundabout (Richland/Lakewood): (Construction)2,000,000 2,000,000 2,000,000 2,000,000 22
23 Traffic Signal - Richland Blvd & Walmart/Panera: (Design)60,250 60,250 60,250 L 23
24 Traffic Signal - Richland Blvd & Walmart/Panera: (Construction)700,000 700,000 700,000 A 24
4,678,632 1,000,000 700,000 1,225,000 4,000,000 0 0 11,603,632 6,137,500 5,466,132 1,000,000 0 0 0 4,000,000 0 0
Design 332,000 1,000,000 0 65,000 0 0 0 1,397,000
Construction 1,575,500 0 700,000 1,160,000 4,000,000 0 0 7,435,500 GO Bond Debt 1,000,000 0 0 0 4,000,000 0 0
Design & Construction 2,771,132 0 0 0 0 0 0 2,771,132
Land/Easements 0 0 0 0 0 0 0 0
0 0
Description Codes - Other Sources
##A Impact Fees D General Fund G Park Development Fund J TIRZ #2 X Non-Cash Contributions
##B Grant and Interlocal Funds E Water / Wastewater Fund H TIRZ #1 K Escrows Z Other Sources (See Detail)
##C Developer Agreements F Stormwater Drainage Fund I Interest L Capital Dedicated
Subtotal
Traffic ProjectsIndex Restricted Un-Restricted
Unissued Debt Schedule
Summary of Capital Improvement Program - 2026-08-24 ProposedGeneral Fund Projects
Funding Sources Index02 186 Town of Prosper, TX | Adopted Budget | 2026-2027MULTI-YEAR CAPITAL PLAN
Issued
FY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36 Total FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36
Prior Years 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036 Cost 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036
Neighborhood Park
01 2245-PK Windsong Park #3: (Design)100,000 100,000 100,000 G 01
02 2245-PK Windsong Park #3: (Construction)250,000 250,000 250,000 G 02
03 2107-PK Lakewood Preserve, Phase 2 (22 Acres/Lights): (Construction)5,587,255 5,587,255 4,042,255 1,545,000
D,G,I,Z 03
04 2319-PK Downtown Park (Broadway/Parvin): (Design)50,000 50,000 50,000 G 04
05 2319-PK Downtown Park (Broadway/Parvin): (Construction)1,181,240 1,181,240 830,000 351,240
D,G,I 05
06 Downtown Event Space: (Design)1,250,000 1,250,000 1,250,000 06
07 Downtown Event Space: (Construction)11,250,000 11,250,000 11,250,000 07
08 Rutherford Park: (Design)500,000 500,000 500,000 08
09 Rutherford Park: (Construction)4,500,000 4,500,000 4,500,000 09
10 2606-PK Raymond Community Park Dam Repair 350,000 350,000 350,000 I 10
11 2607-PK Playground Shade Structures - Lakewood and Hackberry Parks 200,000 200,000 200,000 G 11
12 2608-PK Security Cameras - Raymond Community and Lakewood Parks 250,000 250,000 250,000 L 12
13 2609-PK Pecan Grove & Whitley Place HOA Irrigation Seperation 125,000 125,000 125,000 G 13
14 2610-PK Mirabella Park (Tellus)500,000 500,000 500,000 G 14
15 2611-PK Creekside Park (Shaddock)445,000 445,000 445,000 G 15
16 Pickleball and Tennis Courts 3,800,000 3,800,000 3,800,000 16
17 Playground Development and Replacement 2,500,000 2,500,000 2,500,000 17
Trails
18 2120-PK Doe Branch Trail Connections 1,684,000 1,684,000 1,500,000 184,000
D 18
19 Prosper Center Park Trail Connection 900,000 900,000 900,000 19
20 Parks Board Priority Projects 1,000,000 1,000,000 2,000,000 2,000,000 G 1,000,000 20
Downtown Improvements
21 2420-PK Downtown Improvements 339,313 339,313 339,313 D,I 21
22 2416-PK Downtown Monumentation: (Design)205,231 205,231 205,231 D,I 22
23 2416-PK Downtown Monumentation, Broadway & Coleman (Construction)465,000 465,000 465,000 23
24 2541-PK Downtown Monumentation, Broadway & Main (Construction)632,622 632,622 632,622 D,I,L 24
25 Downtown Monumentation, First & Main (Construction)465,000 465,000 465,000 25
26 2403-ST Prosper Parking Lot and Alley Improvements (Design)122,500 122,500 122,500 D,I 26
27 2403-ST Prosper Parking Lot and Alley Improvements (Construction)406,832 406,832 406,832 D,i 27
28 2025 Bond Prop F (Downtown Improvements)2,300,000 2,300,000 2,300,000 2,300,000 28
Community Park
29 2122-PK Raymond Community Park, Phase 1: (Design)1,200,000 1,200,000 1,124,626 75,374 I,G 29
30 2122-PK Raymond Community Park, Phase 1: (Construction)24,105,000 24,105,000 23,105,000 1,000,000
I, G, L, X 30
31 2510-PK Raymond Community Park, Trail / Bridge - Grant Matching 916,802 916,802 848,122 68,680 I,G, X 31
32 2327-PK Frontier Park Pond Repairs 473,000 473,000 (350,000) 823,000
L, Z 32
33 2511-PK Frontier Park Concrete Repairs 120,000 120,000 120,000 G 33
34 Frontier Park Improvements 1,000,000 1,270,000 2,270,000 1,000,000 1,270,000 34
35 2517-PK Parks & Recreation Admin Facility Parking Lot Paving 80,000 80,000 80,000 I 35
36 Community Park - Prosper Trail 55 acres: (Design)3,000,000 3,000,000 3,000,000 36
37 Community Park - Prosper Trail 55 acres: (Construction)27,000,000 27,000,000 27,000,000 37
38 2513-PK Doe Branch Property Masterplan 140,000 140,000 140,000 G 38
39 2612-PK Dream Park 3,000,000 3,000,000 2,700,000 300,000
G, L, X 39
40 Doe Branch - 161 acres: (Design)2,500,000 2,500,000 2,500,000 40
41 Doe Branch - 161 acres: (Construction)22,500,000 22,500,000 22,500,000 41
42 Raymond Community Park, Phase 2: (Design)1,000,000 1,000,000 1,000,000 42
43 Raymond Community Park, Phase 2: (Construction)9,000,000 9,000,000 9,000,000 43
44 Future Community Park - Activation (Design)1,500,000 1,500,000 1,500,000 44
45 Future Community Park - Activation (Construction)13,500,000 13,500,000 13,500,000 45
Medians/Landscape Screening
46 2540-PK Mahard Median Lndscp (US 380 - S of Prairie): (Design)250,000 250,000 250,000 I 46
47 2540-PK Mahard Median Lndscp (US 380 - S of Prairie): (Construction)282,505 282,505 282,505 I 47
48 2539-PK Prairie Median Lndscp (W of Legacy - Mahard): (Design)250,000 250,000 247,897 2,103 I, L 48
49 2539-PK Prairie Median Lndscp (W of Legacy - Mahard): (Construction)1,000,000 1,000,000 1,000,000 L 49
50 2613-PK Richland Median Lndscp (Prosper Commons - Coit Rd): (Design)150,000 150,000 150,000 L 50
51 Richland Median Lndscp (Prosper Commons - Coit Rd): (Constr.)600,000 600,000 600,000 51
52 Frontier Median Lndscp (DNT - Preston): (Design)200,000 200,000 200,000 52
53 Frontier Median Lndscp (DNT - Preston): (Constr.)1,500,000 1,500,000 1,500,000 53
54 Legacy Median Lndscp (First - Prosper Trail): (Design)175,000 175,000 175,000 54
55 Legacy Median Lndscp (First - Prosper Trail): (Constr.)1,250,000 1,250,000 1,250,000 55
56 First Median Lndscp (Stuber Elementary - DNT): (Design)200,000 200,000 200,000 56
57 First Median Lndscp (Stuber Elementary - DNT): (Constr.)1,500,000 1,500,000 1,500,000 57
58 Legacy Median Lndscp (In Front of Middle School #7): (Design)150,000 150,000 150,000 58
59 Legacy Median Lndscp (In Front of Middle School #7): (Constr.)600,000 600,000 600,000 59
60 2601-PK CIP Salaries 300,000 400,000 700,000 700,000 L 60
61 2328-PK Prosper Trail Screening (Preston - Deer Run): (Design & Construction)557,000 557,000 557,000 D, L 61
62 2408-DR Doe Branch Creek Erosion Control 225,000 225,000 225,000 F 62
63 2401-PK Parks, Recreation, and Open Space Master Plan Update 140,000 140,000 140,000 D 63
64 Funds Awaiting Allocation 5,934,093 1,000,000 64
44,618,300 9,334,093 5,035,000 0 0 0 111,340,000 164,393,300 152,845,405 9,277,895 1,000,000 1,000,000 4,570,000 0 0 0 0
Design 2,327,731 0 0 0 0 0 10,475,000 12,802,731
Construction 32,445,454 1,000,000 465,000 0 0 0 93,665,000 127,575,454 GO Bond Debt 1,000,000 1,000,000 4,570,000 0 0 0 0
Design & Construction 9,845,115 8,334,093 4,570,000 0 0 0 7,200,000 24,015,115
Land/Easements 0 0 0 0 0 0 0 0
(0)
Description Codes - Other Sources
##A Impact Fees D General Fund G Park Development Fund J TIRZ #2 X Non-Cash Contributions
##B Grant and Interlocal Funds E Water / Wastewater Fund H TIRZ #1 K Escrows Z Other Sources (See Detail)
##C Developer Agreements F Stormwater Drainage Fund I Interest L Capital DedicatedIndexPark Projects
03Summary of Capital Improvement Program - 2026-08-24 ProposedGeneral Fund Projects
IndexUnissued Debt Schedule
Restricted Un-Restricted
Subtotal
Funding Sources 187Town of Prosper, TX | Adopted Budget | 2026-2027MULTI-YEAR CAPITAL PLAN
IssuedFY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36 Total FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36
Prior Years 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036 Cost 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036
01 2137-FC Fire Station #4: (Design)953,452 953,452 953,452 Z 01
02 2203-FC Fire Station #4: (Other Development Costs)410,650 410,650 273,158 137,493
L 02
03 2205-FC Fire Station #4: (Construction)11,610,003 11,610,003 11,220,000 390,003
I,L 03
04 2206-FC Fire Station #4: (FF&E)700,000 700,000 700,000 L 04
05 2519-FC Town Hall Repairs - N. Parking Lot & Front Steps and Fountain 298,212 298,212 298,212 I 05
06 2123-FC Parks & Public Works, Phase 1: (Design)1,200,000 1,200,000 1,200,000 I,L 06
07 2123-FC Parks & Public Works, Phase 1: (Construction)18,319,788 1,000,000 19,319,788 0 19,319,788
I,L 07
08 2123-FC Parks & Public Works, Phase 1: (FF&E)700,000 700,000 200,000 500,000
L 08
09 2516-FC Public Safety Fiber Ring 1,000,000 1,000,000 1,000,000 I 09
10 2616-FC Facility Improvement Projects 58,777 58,777 58,777 L 10
11 Public Safety Training Facility, Phase 1: (Design)750,000 750,000 750,000 550,000 11
12 Public Safety Training Facility, Phase 1: (Construction)6,750,000 6,750,000 4,300,000 2,450,000
D 450,000 12
13 Fueling Facility: (Design and Construction)455,000 455,000 455,000 13
14 Fire Station #5 14,000,000 14,000,000 14,000,000 14
15 Fire Engine and Equipment - Fire Station #5 1,700,000 300,000 2,000,000 2,000,000 15
16 Rec Center/Senior Center/Library Facility Study and Report 0 200,000 L 16
16 Multigenerational Recreational Center: (Design)4,000,000 4,000,000 4,000,000 16
17 Multigenerational Recreational Center: (Construction)30,000,000 30,000,000 30,000,000 17
18 Library Remodel (Construction)TBD 18
19 Municipal Library: (Design) 4,000,000 4,000,000 4,000,000 19
20 Municipal Library: (Construction) 30,200,000 30,200,000 30,200,000 20
21 Parks & Public Works, Phase 2: (Design) - TBD TBD 21
22 Parks & Public Works, Phase 2: (Construction) - TBD TBD 22
23 Public Safety Portable Buildings (Moving and Outfitting)200,000 200,000 200,000 200,000 23
24 Public Safety Facility, Phase 2 (Design)3,000,000 3,000,000 3,000,000 24
25 Public Safety Facility, Phase 2: (Construction)26,000,000 26,000,000 26,000,000 25
26 Mobile Command Center 2,200,000 2,200,000 26
27 Town Hall Remodel - Library Conversion - TBD TBD 27
28 2601-FC CIP Salaries 300,000 400,000 700,000 700,000 L 28
29 Funds Awaiting Allocation 2,521,837 29
34,850,883 4,821,837 1,700,000 0 0 0 121,655,000 160,505,883 132,551,610 25,954,273 0 200,000 0 0 0 0 1,000,000
Design 2,153,452 0 0 0 0 0 11,750,000 13,903,452
Construction 31,040,441 1,900,000 0 0 0 0 95,150,000 128,090,441 GO Bond Debt 0 200,000 0 0 0 0 1,000,000
Design & Construction 1,656,989 2,921,837 1,700,000 0 0 0 14,755,000 18,511,989
Land/Easements/Equipment 0 0 0 0 0 0 0 0
181,673,589 74,710,119 29,585,000 47,075,000 30,000,000 0 268,662,843 608,176,131 498,367,847 105,538,284 31,347,062 18,450,000 19,070,000 33,100,000 33,000,000 0 3,667,843
Design 17,939,039 2,400,000 0 65,000 0 0 22,225,000 42,629,039
Construction 124,252,883 30,829,699 23,315,000 47,010,000 30,000,000 0 219,815,000 475,222,582 GO Bond Debt 31,347,062 18,450,000 19,070,000 33,100,000 33,000,000 0 3,667,843
Design & Construction 25,481,528 35,330,420 6,270,000 0 0 0 24,622,843 68,174,371
Land/Easements 14,000,140 6,150,000 0 0 0 0 2,000,000 22,150,140
Description Codes - Other Sources
##A Impact Fees D General Fund G Park Development Fund J TIRZ #2 X Non-Cash Contributions
##B Grant and Interlocal Funds E Water / Wastewater Fund H TIRZ #1 K Escrows Z Other Sources (See Detail)
##C Developer Agreements F Stormwater Drainage Fund I Interest L Capital Dedicated
Unissued Debt Schedule Index04
Subtotal
Grand Total General Fund
Restricted Un-RestrictedFacility Projects Funding Sources
Summary of Capital Improvement Program - 2026-08-24 ProposedGeneral Fund Projects
Index188 Town of Prosper, TX | Adopted Budget | 2026-2027MULTI-YEAR CAPITAL PLAN
IssuedFY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36 Total FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36
Prior Years 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036 Cost 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036
01 1501-WA LPP Pump Station and LPP WL, Phase 2: (Design)1,238,700 1,238,700 1,238,700 A 01
02 1501-WA LPP Pump Station, Phase 2: (Construction)18,166,000 18,166,000 15,586,550 2,579,450
A,B 02
03 2114-WA FM 1461 12-inch Water Line Relocation: (Design)400,000 400,000 400,000 E 03
04 2114-WA FM 1461 12-inch Water Line Relocation: (Easements)500,000 500,000 500,000 E 04
05 2114-WA FM 1461 12-inch Water Line Relocation: (Construction)6,000,000 6,000,000 2,520,000 3,480,000
E 05
06 2123-WA Parks & Public Works, Phase 1: (Design)600,000 600,000 600,000 I 06
07 2123-WA Parks & Public Works, Phase 1: (Construction)7,395,576 7,395,576 6,300,862 1,094,714
B,E,I 07
08 2412-WA Ground Storage 6 MG Tank (Design)795,000 795,000 795,000 I 08
09 2412-WA Ground Storage 6 MG Tank (Construction)12,105,850 7,099,150 19,205,000 18,249,128 955,872
A,B,E,I 09
10 2520-WA Craig Street 2 MG EST Rehabilitation (Design)460,000 460,000 460,000 i 10
11 2520-WA Craig Street 2 MG EST Rehabilitation (Construction)2,540,000 2,540,000 2,540,000 740,000 11
12 2614-WA First Street (DNT - Coleman) - 12" Water Line 2,500,000 2,500,000 1,647,306 852,694
I 12
13 LPP Elevated Storage Tank #2: (Design)750,000 750,000 750,000 13
14 LPP Elevated Storage Tank #2: (Construction)8,500,000 8,500,000 8,500,000 14
15 LPP Ground Storage Tank, Pumps and NTMWD Meter: (Design)1,400,000 1,400,000 1,400,000 15
16 2624-WA Godwin Parkway (DNT - BNSF RR)261,980 261,980 261,980 16
17 LPP Ground Storage Tank, Pumps and NTMWD Meter: (Construction)- 12,600,000 12,600,000 4,000,000 8,600,000 17
18 2615-WA US 380 30-inch Water/8" WW Line Relocation: (Design)1,800,000 1,800,000 1,800,000 B 18
19 US 380 30-inch Water/8" WW Line Relocation: (Easements)7,000,000 7,000,000 7,000,000 E 19
20 US 380 30-inch Water/8" WW Line Relocation: (Construction)8,300,000 8,300,000 8,300,000 E 20
21 2601-WA CIP Salaries 300,000 300,000 600,000 300,000 300,000
Z 21
22 Funds Awaiting Allocation 6,775,140 6,775,140 22
55,063,105 14,174,290 15,300,000 0 2,150,000 0 21,100,000 107,787,395 53,104,525 47,907,730 740,000 0 0 0 0 0 0
Design 4,055,000 0 0 0 2,150,000 0 0 6,205,000 CO Bond Debt 0 0 0 0 0 0 0
Construction 28,041,426 7,099,150 8,300,000 0 0 0 21,100,000 64,540,576 Revenue Bond Debt 740,000 0 0 0 0 0 0
Design & Construction 3,061,980 7,075,140 0 0 0 0 0 10,137,120
Land/Easements 500,000 0 7,000,000 0 0 0 0 7,500,000
19,404,700 19,404,700
IssuedFY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36 Total FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36
Prior Years 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036 Cost 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036
01 2103-WW Doe Branch Parallel Interceptor: (Design & Construction)16,253,327 (6,516,547)9,736,780 8,736,780 1,000,000
A,I 01
02 2152-WW Upper Doe Branch WW Line (Teel-PISD Stadium): (Design)594,801 594,801 594,801 A 02
03 2152-WW Upper Doe Branch WW Line (Teel-PISD Stadium): (Easements)100,000 100,000 100,000 A 03
04 2152-WW Upper Doe Branch WW Line (Teel-PISD Stadium): (Construction)6,268,220 6,268,220 6,268,220 A,K 04
05 2322-WW Doe Branch, Phase 3 WWTP: (Design & Construction)104,946,277 (11,902,444)93,043,833 93,043,833 A,B,G 16,571,950 15,571,950 05
06 2507-WW Denton ISD WW Line Reimbursement: (Design & Construction)531,622 531,622 531,622 A 06
07 2601-WW CIP Salaries 200,000 200,000 400,000 200,000 200,000
Z 07
128,894,247 (18,218,991)0 0 0 0 0 110,675,256 109,475,256 1,200,000 16,571,950 15,571,950 0 0 0 0 0
Design 594,801 0 0 0 0 0 0 594,801 CO Bond Debt 0 0 0 0 0 0 0
Construction 6,268,220 0 0 0 0 0 0 6,268,220 Revenue Bond Debt 16,571,950 15,571,950 0 0 0 0 0
Design & Construction 121,931,226 (18,218,991)0 0 0 0 0 103,712,235
Land/Easements 100,000 0 0 0 0 0 0 100,000
IssuedFY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36 Total FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36
Prior Years 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036 Cost 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036
01 2024-DR Old Town Regional Detention Pond #2: (Design)298,386 200,000 498,386 498,386 F 01
02 2024-DR Old Town Regional Detention Pond #2: (Construction)1,800,000 1,800,000 1,800,000 F 02
298,386 200,000 0 1,800,000 0 0 0 2,298,386 0 2,298,386 0 0 0 0 0 0 0
Design 298,386 200,000 0 0 0 0 0 498,386 CO Bond Debt 0 0 0 0 0 0 0
Construction 0 0 0 1,800,000 0 0 0 1,800,000 Revenue Bond Debt 0 0 0 0 0 0 0
Design & Construction 0 0 0 0 0 0 0 0
Land/Easements 0 0 0 0 0 0 0 0
184,255,738 (3,844,701) 15,300,000 1,800,000 2,150,000 0 21,100,000 220,761,037 162,579,781 51,406,116 17,311,950 15,571,950 0 0 0 0 0
Design 4,948,187 200,000 0 0 2,150,000 0 0 7,298,187 CO Bond Debt 0 0 0 0 0 0 0
Construction 34,309,646 7,099,150 8,300,000 1,800,000 0 0 21,100,000 72,608,796 Revenue Bond Debt 17,311,950 15,571,950 0 0 0 0 0
Design & Construction 124,993,206 (11,143,851)0 0 0 0 0 113,849,355
Land/Easements 600,000 0 7,000,000 0 0 0 0 7,600,000
19,404,700 19,404,700
Description Codes - Other Sources
##A Impact Fees D General Fund G Park Development Fund J TIRZ #2 X Non-Cash Contributions
##B Grant and Interlocal Funds E Water / Wastewater Fund H TIRZ #1 K Escrows Z Other Sources (See Detail)
##C Developer Agreements F Stormwater Drainage Fund I Interest L Capital Dedicated
05Summary of Capital Improvement Program - 2026-08-24 ProposedEnterprise Fund Projects
IndexSubtotal
Grand Total Enterprise Funds IndexIndexUnissued Debt Schedule
Unissued Debt Schedule
Wastewater Projects
Drainage Projects
Unissued Debt Schedule
Restricted Un-Restricted
IndexRestricted
Subtotal
Un-Restricted
Restricted Un-Restricted
Funding Sources
Funding Sources
Funding Sources
Subtotal IndexWater Projects
Index 189Town of Prosper, TX | Adopted Budget | 2026-2027MULTI-YEAR CAPITAL PLAN
Issued
FY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36 Total FY 26 FY 27 FY 28 FY 29 FY 30 FY 31 FY 32-36
Prior Years 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036 Cost 2025-2026 2026-2027 2027-2028 2028-2029 2029-2030 2030-2031 2031-2036
181,673,589 74,710,119 29,585,000 47,075,000 30,000,000 0 268,662,843 608,176,131 498,367,847 105,538,284 31,347,062 18,450,000 19,070,000 33,100,000 33,000,000 0 3,667,843
184,255,738 (3,844,701) 15,300,000 1,800,000 2,150,000 0 21,100,000 220,761,037 162,579,781 51,406,116 17,311,950 15,571,950 0 0 0 0 0
365,929,327 70,865,418 44,885,000 48,875,000 32,150,000 0 289,762,843 828,937,168 660,947,628 156,944,400 48,659,012 34,021,950 19,070,000 33,100,000 33,000,000 0 3,667,843
Design 22,887,226 2,600,000 0 65,000 2,150,000 0 22,225,000 49,927,226 CO Bond Debt 0 0 0 0 0 0 0
Construction 158,562,528 37,928,849 31,615,000 48,810,000 30,000,000 0 240,915,000 547,831,377 GO Bond Debt 31,347,062 18,450,000 19,070,000 33,100,000 33,000,000 0 3,667,843
Design & Construction 150,474,733 24,186,569 6,270,000 0 0 0 24,622,843 182,023,725 Revenue Bond Debt 17,311,950 15,571,950 0 0 0 0 0
Land/Easements 14,600,140 6,150,000 7,000,000 0 0 0 2,000,000 29,750,140
Capital Improvement Program Summary Unissued Debt Schedule
Grand Total Capital Improvement Program
Enterprise Funds
General Fund
Summary of Capital Improvement Program - 2026-08-24 ProposedCapital Improvement Program Summary
Restricted Un-Restricted
Funding Sources 190 Town of Prosper, TX | Adopted Budget | 2026-2027MULTI-YEAR CAPITAL PLAN
2026-2027
Appendix
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192 Town of Prosper, TX | Adopted Budget | 2026-2027
193Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXSupplemental Budget Requests
Each year departments are provided with a base operating budget for their department. Any additional
funding requests are made as supplemental requests. There are two categories of supplemental request:
Non-Discretionary - These are considered necessary for maintaining service delivery at current levels,
and are usually the result of goods or services required by the Town. These requests are considered
higher priority than Discretionary packages, as denial of these requests would reduce the level of service
currently provided to the citizens of Prosper. Non-Discretionary packages might include increased costs
for maintenance contracts, electricity, paper and printing, postage, phone rates, internet access, etc.
Discretionary - These should be completed for new personnel or other increases or additions to current
service levels. The Executive Team will rank all new Discretionary packages from each fund. The Town
Manager will determine if the requests are funded in the budget submission to the Town Council. Every
discretionary package will be presented to Town Council regardless of the funding status.
Discretionary packages are separated into three priority rankings:
Discretionary 1 - Must do
Discretionary 2 - Should do
Discretionary 3 - Nice to do
194 Town of Prosper, TX | Adopted Budget | 2026-2027APPENDIX
Funded Packages General Fund
Div / Dept Package Title FTEs Net One-Time Net Ongoing Total Costs Revenue Total Net Cost
Town-wide Dell Lease Additions - - 4,793 4,793 - 4,793
Town-wide TCAP Electricity Increases - - 60,308 60,308 - 60,308
Town Secretary Election Services - - 10,000 10,000 - 10,000
Town Secretary Rental Expenses for Document Storage - - 5,000 5,000 - 5,000
Human Resources Compensation Ongoing Maintenance - - 20,000 20,000 - 20,000
Human Resources Executive Recruitment Costs for Planned Retirements - - 37,500 37,500 - 37,500
Human Resources Work Shield Anonymous Reporting - - 16,194 16,194 - 16,194
Human Resources NeoGov Software License Increase - - 9,127 9,127 - 9,127
Information Technology General License Increases - - 256,179 256,179 - 256,179
Information Technology Cyber Security Platform License Increase - - 13,181 13,181 - 13,181
Information Technology Mobile App License Increase - - 5,349 5,349 - 5,349
Information Technology Cybersecurity Grant Funding - 28,320 - 28,320 - 28,320
Information Technology Wireless Access Point Management Software - - 12,913 12,913 - 12,913
Information Technology Cohesity End-of-Life Hardware Replacement - - 61,392 61,392 - 61,392
Community Engagement & Experiences McKinney Urban Transit District Membership Cost Increase - - 8,500 8,500 - 8,500
Municipal Court UDS MCRS Software License Increase - - 9,719 9,719 - 9,719
Municipal Court Court Record Software License Increase - - 16,258 16,258 - 16,258
Police Operations Radio System Contract Increase - - 8,136 8,136 - 8,136
Police Operations Versaterm Community Reporting Software - - 25,000 25,000 - 25,000
Police Operations MVCPA Task Force Grant - 661,000 - 661,000 938,727 (277,727)
Police Operations MVCPA Catalytic Converter Grant - 586,300 - 586,300 561,300 25,000
Police Operations Alarm Fee Revenues & Expenses - - 91,000 91,000 96,720 (5,720)
Fire Operations General System Contract Increases - - 10,422 10,422 - 10,422
Fire Operations Life Safety Ropes & Equipment Replacement - 23,500 - 23,500 - 23,500
Fire Operations SCBA 45-Minute Air Cylinder Replacements - 51,552 - 51,552 - 51,552
Fire Marshal IPAD & Hardware Replacements - 4,392 - 4,392 - 4,392
Fire Marshal Body Camera Replacements - - 3,540 3,540 - 3,540
Building Inspections
Transfer 1 Sr. Building Inspector to Code Compliance and Reclass to 1 Environmental
Health Specialist (1) - (97,727) (97,727) - (97,727)
Code Compliance Contracted Services - - 40,099 40,099 - 40,099
Code Compliance Transfer 1 Sr. Building Inspector to Code Compliance and Reclass to 1 Environmental Health Specialist 1 - 97,727 97,727 - 97,727
Traffic Street Light Electricity Costs - - 15,000 15,000 - 15,000
Facility Maintenance Building Repair Costs - - 59,625 59,625 - 59,625
Facility Maintenance Town Utility Increases - - 124,682 124,682 - 124,682
Parks Operations Mowing Contract Increases - - 388,540 388,540 - 388,540
Parks Operations Raymond Park Operation Costs - - 288,465 288,465 - 288,465
Engineering Centracs Mobility Software - - 53,000 53,000 - 53,000
Total Funded 0.0 1,355,064 1,588,821 2,943,885 1,596,747 1,347,138
195Town of Prosper, TX | Adopted Budget | 2026-2027APPENDIX
Funded Packages Water/Sewer Fund
Div / Dept Package Title FTEs Net One-Time Net Ongoing Total Costs Revenue Total Net Cost
Utility Customer Service Tyler Notify - - 24,200 24,200 - 24,200
Utility Customer Service Tyler Smart Meter - - 26,663 26,663 - 26,663
Utility Customer Service DataProse License Increases - - 20,000 20,000 - 20,000
Utility Customer Service Data Business Equipment - - 1,783 1,783 - 1,783
Utility Customer Service Quadient - - 622 622 - 622
Utility Customer Service Reclass 2 UCS Clerk II positions to 2 UCS Clerk III positions - - 8,942 8,942 - 8,942
Utility Customer Service Reclass 1 UCS Clerk I position to 1 UCS Clerk II position - - 3,358 3,358 - 3,358
Water Replace RTU#1 PLC at Custer Pump Station - 47,928 - 47,928 - 47,928
Water Ground Storage Tank Ultrasonic Level Indicators - 30,000 - 30,000 - 30,000
Water VFD Replacement for Custer Pumps - 51,053 - 51,053 - 51,053
Water Utility Maintenance Supervisor 1 53,500 131,535 185,035 - 185,035
Water Crew Leader - Meters 1 72,577 113,099 185,676 - 185,676
Water SCADA Operator 1 53,500 124,738 178,238 - 178,238
Water Hydra-Stop Insertion Valve equipment - 95,740 3,000 98,740 - 98,740
Water 50P Mini Excavator - 134,065 6,000 140,065 - 140,065
Wastewater Wastewater Inspection Software - - 29,500 29,500 - 29,500
Wastewater Inflow & Infiltration Identification Services - - 90,000 90,000 - 90,000
Total Funded 3 538,363 583,440 1,121,803 - 1,121,803
196 Town of Prosper, TX | Adopted Budget | 2026-2027APPENDIX
Funded Packages Stormwater Drainage Fund
Div / Dept Package Title FTEs Net One-Time Net Ongoing Total Costs Revenue Total Net Cost
Public Works Heavy Equipment Operator - Street Sweeper 1 314,000 127,677 441,677 - 441,677
Public Works Increase to Fuel - - 800 800 - 800
Public Works Increase to Rental Expense - - 1,000 1,000 - 1,000
Public Works Add Mosquito Abatement - - 15,000 15,000 - 15,000
Public Works Add Additional Street Sweeper Contracted Services - - 60,000 60,000 - 60,000
Public Works Add Funding for Stormwater Drainage Master Plan - - 100,000 100,000 - 100,000
Total Funded 1 314,000 304,477 618,477 - 618,477
197Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXPurpose of Financial Policies
A strategic visioning priority of the Town Council is to continue to provide excellent municipal services.
The Town of Prosper has a responsibility to its citizens to not only protect public funds, but to also be
prudent in the management of government finances while providing adequate funding for the services
desired by the public and the maintenance of public facilities. The Town of Prosper has adopted several
financial policies in addition to the Town Charter to guide the Finance Department and staff in financial
matters. The Town strives to adhere to and follow all of the financial policies that have been adopted.
198 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXCharter Article VII - Financial Procedure Sections
As Revised May 6, 2017
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 day of September
on the next succeeding year. Such fiscal year shall also constitute the budget and accounting year.
SECTION 7.02 Submission of Budget and Budget Message
On or before the fifteenth (15th) day of August of the fiscal year, the Town Manager shall submit to the
Town Council a budget for the ensuing fiscal year and an accompanying budget message.
SECTION 7.03 Budget Message
The Town Manager’s message shall explain the budget both in fiscal terms andintermsof thework
programs. It shall outline the proposed financial policies of the Town 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 Town’s debt
position and include such other material as the Town Manager deems desirable.
SECTION 7.04 Budget a Public Record
The budget and all supporting schedules shall be filed with the person performing the duties of Town
Secretary when submitted to the Town Council and shall be open to public inspection by anyone interested.
SECTION 7.05 Public Hearing on Budget
At the Town Council meeting when the budget is submitted, the Town Council shall name the date and
place of a public hearing, which shall be scheduled and published in accordance with the requirements
of Chapter 102, Local Government Code, as amended. 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 deletions which
they feel appropriate, and shall, prior to the beginning of the next fiscal year, adopt the budget by the
affirmative vote of a majority of the full membership of the Town Council. Should the Town Council take
no final action on or prior to such day, the current budget 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 effect for the budget year. 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. Estimated expenditures will in no case exceed proposed
revenue plus the undesignated fund balance from the previous fiscal year. Unused appropriations may
be transferred to any item required for the same general purpose.
199Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXSECTION 7.08 Contingent Reserve
Provision shall be made in the annual budget maintaining a contingency reserve fund balance designation
in an amount not less than twenty percent (20%) of the total general fund expenditures, to be used in case
of unforeseen items of expenditure or revenue shortfalls. This shall apply to current operating expenses
and shall not overlap with any other amount of reserves maintained by the Town. Such contingency
reserve appropriation shall be under the control of the Town Manager and distributed by him or her only
in the event of an emergency or after supplemental appropriation by the Town Council. The proceeds of
the contingency reserves shall be disbursed only by transfer to departmental appropriation, the spending
of which shall be charged to the departments or activities for which the appropriations are made.
SECTION 7.09 Amending the Budget
Under conditions which may 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, amend or change the budget to provide for any additional expense in
which the general welfare 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 Town Council shall designate. The final
budget shall be printed or otherwise reproduced and sufficient copies shall be made available for the use
of all offices, agencies, and for the use of interested persons and civic organizations.
SECTION 7.11 Capital Program
The Town Manager shall submit a five-year (5-year) capital program as an attachment to the annual
budget. The program as submitted shall include:
1) A clear general summary of its contents;
2) A list of all capital improvements which are proposed to be undertaken during the five (5) fiscal
years succeeding the budget year, with 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. The Capital program will be updated and presented
to the Town Council annually.
SECTION 7.12 Defect Shall Not Invalidate the Tax Levy
Errors 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.
200 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXSECTION 7.13 Lapse of Appropriations
Every 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 was 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 Borrowing
The Town shall have the power to borrow money on the credit of the Town and also to issue or incur bonds
and other evidences of indebtedness, and such powers may be exercised to finance public improvements
or for any other public purpose not prohibited by the Constitution and the laws of the State of Texas, and
the Town may issue refunding bonds to refund outstanding bonds and other evidences of indebtedness
of the Town previously issued or incurred. All such bonds and other evidences of indebtedness shall be
issued in conformity with the laws of the State of Texas and may be secured by or paid, in whole 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 charge, 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 be 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 contract for
expenditure without further approval of the Town Council for all budgeted items not exceeding limits
set by the Town Council within the ordinance.
2) All contracts for expenditures or purchases involving more than the limits must be expressly
approved in advance by the Town Council. All contracts or purchases involving 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 law 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 law. Such emergency may be declared by the Town Manager and approved by the Town
Council or declared by the Town Council.
SECTION 7.16 Administration of Budget
1) No payment shall be made or obligation incurred against any allotment or appropriation 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 therefrom 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 removal of any officer
who knowingly authorized or made such payment or incurred such payment or obligation, and the
officer shall also be liable to the Town for any 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,
201Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXthe issuance of bonds, time warrants, certificates of indebtedness, or certificates of obligation, 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 Town Manager shall submit to the Town Council each month a report covering the revenues
and expenditures of the Town in such a form as requested by 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 regulations 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 from the Town depositories shall be prescribed
by ordinance.
SECTION 7.18 Independent Audit
At the close of each fiscal year, and at such other times as may be deemed necessary, the Town Council
shall call for an independent audit to be made 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 firm. 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 Independent Auditor’s Report and Annual Financial Report
shall be published on the Town’s website and copies of the audit placed on file in the office of the person
performing 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 purpose not prohibited by the Constitution and laws of the State of Texas as now written
or hereafter amended.
2) The Town shall have the power to grant tax exemptions in accordance with the laws of the State
of Texas.
SECTION 7.20 Office of Tax Collector
There shall be an office of taxation to collect taxes, the head of which shall be the Town Tax Collector.
The Town Council may contract for such services.
SECTION 7.21 Taxes; When Due and Payable
1) All taxes due in the Town shall be payable at the office of the Town Tax Collector, or at such location
or locations as may be designated be the Town Council, and may be paid at any time after the tax rolls
for the year have been completed and approved. Taxes for each year shall be paid before February 1
of the next succeeding year, 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 Town
Council may provide discounts for the payment of taxes prior to January 1 in an amount not to exceed
those authorized by the laws of the State of Texas.
2) Failure to levy and assess taxes through 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 payable by recheck of the rolls and receipts for the years in question, omitting penalty
and interest.
202 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXSECTION 7.22 Tax Liens, Liabilities and Suits
1) All taxable property located in the Town on January 1 of each year shall stand charged from that
date with a special lien in favor of the Town for taxes due. All persons purchasing any such property
on or after January 1 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 judgement for taxes without
foreclosure, or to foreclose its lien or liens, or to recover both personal judgement and foreclosure.
In any such suit where it appears that the description of any property in the Town appraisal rolls is
insufficient to identify 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 judgement foreclosing the tax lien or for
personal judgement against the owners for such taxes.
203Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXAdministrative Regulations
CHAPTER 17: Financial Management Policy
SECTION 17.01: Purpose and Overview
This policy is developed to help guide the Finance Department, and staff in financial management and
budgeting matters. The overriding goal of the Financial Management Policy is to enable the Town to
achieve a long-term stable and positive financial condition while accomplishing the Town’s long-term
strategic goals. All financial operations will be under the direction of the Town Manager, consistent with
the council-manager form of government established in the Town Charter.
The rapid growth experienced by the Town produces both financial opportunities and challenges. Often
many years of sustained growth must occur before major capital expenditures for new facilities and
infrastructure are justified and affordable. Often by the time needed improvements are made growth has
slowed and only a limited amount of new revenue is available. If property tax revenues are not reserved
for those future improvements including related staffing increases, significant financial stress and the
need for major tax rate increases will occur.
SECTION 17.02: Scope
The scope of the Town’s Financial Management Policies spans accounting, auditing, financial reporting,
internal controls, annual operating and multi-year capital budgeting, revenue management, cash management,
expenditure control, and debt management.
SECTION 17.03: Accounting, Auditing, and Financial Reporting
1. Accounting
The Town’s Accounting Manager is responsible for establishing and maintaining the chart of accounts,
and for properly recording financial transactions.
2. Funds
Self-balancing groups of accounts are used to account for the Town’s financial transactions in
accordance with generally accepted accounting principles. Each fund is created for a specific purpose
except for the General Fund, which is used to account for all transactions not accounted for in other
funds. In essence, the General Fund is intended for governmental tax supported operations of the
Town. Funds are created and fund names are changed by Town Council approval through resolution
either during the year or in the Town Council’s approval of the annual operating budget ordinances.
(See Fund Balance Policy)
3. External Auditing
At the close of each fiscal year, and at such other times as may be deemed necessary, the Town Council
shall call for an independent audit to be made of all accounts of the Town. The auditors must be a
certified public accounting firm capable of conducting the Town’s audit in accordance with generally
accepted auditing standards, generally accepted government auditing standards, and contractual
requirements. No more than five (5) consecutive annual audits shall be completed by the same firm.
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, be a member of the Government Audit Quality Center
of the AICPA and have a minimum of ten other government audit and single audit clients.
The report of the audit, with the auditor’s recommendations will be made to the Town Council. Upon
completion of the audit, the Independent Auditor’s Report and Annual Financial Report shall be
published on the Town’s website and copies of the audit placed on file in the office of the person
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APPENDIXperforming the duties of Town Secretary, as public record. (See Town Charter Article VII, Section 7.18
Independent Audit)
4. External Financial Reporting
The Town will prepare and publish a Annual Comprehensive Financial Report (ACFR). The ACFR will be
prepared in accordance with generally accepted accounting principles, and will be presented annually to
the Government Finance Officers Association (GFOA) for evaluation and awarding of the Certification
of Achievement for Excellence in Financial Reporting. The ACFR will include the General Fund Budget
and Actual information as a basic financial statement and therefore included in the audit opinion.
It will be published and presented to Town Council within 180 days after the end of the fiscal year.
5. Internal Financial Reporting
The Finance Department will prepare internal financial reports sufficient for management to plan,
monitor, and control the Town’s financial affairs throughout the year.
SECTION 17.04: Internal Controls
1. Written Procedures
The Finance Director is responsible for developing town-wide written guidelines on accounting, cash
handling, grant management, and other financial matters.
2. Department Directors Responsibilities
Each department director is responsible to the Town Manager to ensure that good internal controls
are followed throughout his or her department, that all guidelines on accounting and internal controls
are implemented, and that all independent auditor internal control recommendations are addressed.
SECTION 17.05: Operating Budget
1. Preparation
The Town’s annual “Operating Budget” is legally adopted by ordinance and may only be amended by
similar action. It consists of governmental and proprietary funds, including the general obligation and
revenue supported Debt Service Fund, but excluding Capital Projects Funds which are adopted on a
multi-year project basis. The budget is prepared by the Finance Department with the cooperation of
all Town departments and is submitted to the Town Manager who makes any necessary changes
and transmits the document on or before the fifteenth (15th) day of August of the fiscal year to Town
Council.
The proposed budget and all supporting schedules shall be filed with the Town Secretary when
submitted to the Town Council and shall be open to public inspection by anyone interested. Thereafter,
the Town Council should enact the final budget prior to fiscal year end.
Balanced Budget
The final adoption of the operating 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. Estimated
recurring expenditures will not exceed proposed recurring revenue. Non-recurring expenditures may
be funded from recurring revenues, non-recurring revenues and other sources or from undesignated
fund balance in excess of the contingency reserve. Unused appropriations may be transferred during
the year by the Town Manager within the level of budgetary control to any item required for the same
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APPENDIXgeneral purpose. Items ordered during the year but not yet received will be encumbered and carried
over for two months following year end at which they will expire unless carried over to the new year,
Budgetary Display
Formatting of the annual operating budget shall be done in a way so that readers can easily
distinguish between:
a) A structurally balanced “breakeven” budget in which recurring revenues are equal or greater than
recurring expenditures and total expenditures and other uses are equal to total revenues and other
uses resulting in an unchanged projected ending fund balance
b) A surplus budget in which recurring revenues are equal or greater than recurring expenditures
and total expenditures and other uses are less than total revenues and other sources resulting in a
projected increase in fund balance. This budget should generally only be used when previous year
fund balance has fallen below policy guidelines creating a need to rebuild fund balance.
c) A structurally balanced budget in which recurring revenues are equal or greater than recurring
expenditures but total expenditures and other uses including non-recurring expenditures and uses
are greater than total revenues and other sources resulting in a planned drawdown of fund balance
that is within policy guidelines.
d) A deficit budget that is either unbalanced because recurring expenditures exceed recurring revenues
or a budget that draws fund balance below policy guidelines. This type of budget is prohibited by this
policy.
2. Budgetary Control
The level of budgetary control is the department level budget in the General Fund, Utility Fund, and the
fund level in all other funds. Under conditions which may 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, amend or change the budget to provide
for any additional expense in which the general welfare of the citizenry is involved. These amendments
shall be by ordinance, and shall become an attachment to the original budget.
3. Tax Rate Management
The property tax rate is divided into two categories by state law: Maintenance & Operations (M & O) and
Debt Service (also referred to as the Interest & Sinking Fund or I & S). Debt service tax rate is strictly
limited to payment of principal and interest on general obligation debt. Maintenance and operations
can be used for a wider range of purposes but is limited by state law regarding how much revenue
may increase before triggering a mandatory election. For this reason, once reduced, it is very difficult
to increase. Recognizing the need to manage its debt levels and to have adequate revenue capacity to
staff and operate future facilities without requiring a tax rate increase the Town will determine annually
how much of the M & O rate can be designated a “Capital Dedicated/Future Facility Staffing”. This
levy will be used to reduce needed debt issuance but will ultimately be available to transfer back to
the General Fund once growth has slowed but new facilities are still being brought on-line.
4. Contingency Reserve
Provisions shall be made in the annual budget maintaining a contingency reserve fund balance
designation in an amount not less than twenty percent (20%) of the total general fund expenditures,
to be used in case of unforeseen items of expenditure or revenue shortfalls. (See Town Charter
Article VII, Section 7.08). It is also the goal of the Town to achieve and maintain an unassigned fund
balance in the General Fund equal to five percent (5%) of budgeted expenditures for unanticipated
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APPENDIXexpenditures, unforeseen revenue fluctuations, or other adverse circumstances. These contingency
reserves are further detailed in the Town’s Fund Balance Policy.
5. Planning
The budget process will be coordinated in concert with the Town Council’s major strategic planning
objectives. A one-year budget is adopted each year and a four-year financial plan is presented to help
manage the decisions made for the next fiscal year and the impact it has on future fiscal responsibilities.
6. Reporting
Periodic financial reports will be prepared to enable the department directors to manage their budgets
and to enable the Finance Department to monitor and control the budget as authorized by the Town
Council. Summary financial reports will be presented to the Town Council each month. Such reports
will include current year revenue and expenditures in comparison to budget and prior year actual
revenues and expenditures. Performance Measures and Productivity Indicators
Where appropriate, performance measures and productivity indicators will be used as guidelines and
reviewed for efficiency and effectiveness. This information will be included in the annual budgeting
processes.
SECTION 17.06: Capital Improvement Program
1. Preparation
The Town’s Capital Improvement Program will include all capital projects. The Capital Improvement
Program will be prepared annually to be a comprehensive five-year (5) capital program as an attachment
to the annual budget.
2. Program Planning
The program as submitted shall include:
a) A clear general summary of its contents;
b) A list of all capital improvements which are proposed to be undertaken during the five (5) fiscal
years succeeding the budget year, with appropriate supporting information as to the necessity for
such improvements;
c) Cost estimates, method of financing, and recommended time schedules for each improvement; and
d) 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. The Capital Improvement Program will be
updated and presented to the Town Council, annually.
3. Alternate Resources
Where applicable, assessments, impact fees, or other user-based fees should be used to fund capital
projects, which have a primary benefit to certain property owners.
4. Debt Financing
Recognizing that debt is usually a more expensive financing method, alternative financing sources
will be explored before debt is issued. When debt is issued, it will be used to acquire major assets
with expected lives, which equal or exceed the average life of the debt issued. The exceptions to
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APPENDIXthis requirement are the traditional costs of marketing and issuing the debt, capitalized labor for
design and construction of capital projects, and small component parts, which are attached to major
equipment purchases.
5. Reporting
Periodic financial reports will be prepared to enable the department managers to manage their capital
budgets and to enable the Finance Department to monitor the capital budget as authorized by the
Town Council.
SECTION 17.07: Revenue Management
1. Simplicity
The Town will strive to keep the revenue system simple, which will result in a decrease of compliance
costs for the taxpayer or service recipient and a corresponding decrease in avoidance to pay.
2. Administration
The benefits of revenue will exceed the cost of producing the revenue. The cost of collection will be
reviewed annually for cost effectiveness. Where appropriate, the Town will use the administrative
processes of state or federal collection agencies in order to reduce administrative costs.
3. Dedication of Revenues
Revenues will not be dedicated for specific purposes unless required by law or contractual provisions..
All non-restricted revenues will be deposited into the General Fund and appropriated by the budget
process.
4. Financial Stability
Current revenues will fund current expenditures and one-time revenues will not be used for ongoing
operations. Non-recurring revenues will be used only for non-recurring expenditures. Care will be taken
not to use these revenues for budget balancing purposes.
5. Property Tax Revenues
Property shall be assessed at 100% of the fair market value as appraised by the Collin and Denton
Appraisal Districts. Reappraisal and reassessment shall be done regularly, as required by state law.
All delinquent taxes will be pursued and turned over to a private attorney. A penalty will be assessed
to compensate the attorney as allowed by state law, and in accordance with the attorney’s contract.
6. User-Based Fees
For services associated with a user fee or a fee to offset charge, the direct and indirect costs of that
service will be imposed. There will be a periodic review of fees and charges to ensure that fees provide
adequate coverage of costs of services. User charges may be classified as “full cost recovery,” “partial
cost recovery,” and “minimal cost recovery,” based on Town Council policy.
7. Impact Fees
Impact fees are currently imposed for water, wastewater, and roadway in accordance with applicable
Town ordinances and state law. Impact fees will be re-evaluated at least every five years, as required
by law.
208 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX8. Utility Rates
The Town will review utility rates periodically, and if necessary, adopt new rates that will generate
revenues required to fully cover operating expenses, meet the legal restrictions of all applicable bond
covenants, and provide for an adequate level of working capital needs and debt service requirements.
This policy does not preclude drawing down cash balance to finance current operations. However, it
is best that any extra cash balance be used instead to finance capital projects.
9. Interest Income
Interest earned from investment of available cash resources, whether pooled or not, will be distributed
to the funds in accordance with the average monthly cash balances.
10. Revenue Monitoring
Revenues actually received will be regularly compared to budgeted revenues and variances will be
investigated. This process will be summarized in the appropriate budget report.
SECTION 17.08: Expenditure Control
1. Appropriations
The level of budgetary controls is explained in Section 17.05.C. Budgetary Control. When budget
amendments between departments and/or funds are necessary, Town Council must approve these.
Budget appropriation amendments at lower levels of control shall be made in accordance with the
applicable administrative procedures.
2. Purchasing
All purchases shall be in accordance with the Town’s Purchasing Policy.
3. Lapse of Appropriations
Every appropriation, except an appropriation for capital expenditures, 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 was made has been accomplished
or abandoned. The purchase of any such appropriation shall be deemed abandoned if three (3) years
pass without any disbursement form or encumbrance of the appropriation. Any funds not expended,
disbursed or encumbered shall be deemed excess funds.
SECTION 17.09: Asset Management
1. Investments
The Town’s investment practices will be conducted in accordance with the Public Funds Investment
Act (PFIA) and the Town Council approved Investment Policy and Strategy.
2. Cash Management
The Town’s cash flow will be managed to maximize the cash available to invest.
3. Investment Performance
A quarterly report on investment performance will be provided by the Finance Director for presentation
to the Town Council.
209Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX4. Fixed Assets and Inventory
These assets will be reasonably safeguarded and properly accounted for, and prudently insured.
SECTION 17.10: Financial Condition and Reserves
1. No Operating Deficits
Current expenditures will be paid with current revenues and prior year surplus. Deferrals, short-term
loans, or one-time resources will be avoided as budget balance techniques. Reserves will be used
only for emergencies or non-recurring expenditures.
2. Operating Reserves
In accordance with GASB-54, it is the policy of the Town to classify fund balances as Non-spendable,
Restricted, Committed, Assigned, or Unassigned and develop policy for establishment and activity of
each classification. See Fund Balance Policy that defines such categories.
3. Minimum Unassigned Fund Balance
It is the goal of the Town to achieve and maintain an unassigned fund balance in the General Fund
equal to five percent (5%) of budgeted expenditures for unanticipated expenditures, unforeseen revenue
fluctuations, or other adverse circumstances. This amount is in addition to the twenty percent (20%)
restricted fund balance amount required by the Town Charter.
4. Risk Management Program
The Town will aggressively pursue every opportunity to provide for the public’s and Town employees’
safety and to manage its risks.
5. Loss Financing
All reasonable options will be investigated to finance losses. Such options may include risk transfer,
insurance, and risk retention.
6. Enterprise Fund Self-Sufficiency
The Town’s enterprise funds’ resources will be sufficient to fund operating and capital expenditures.
The enterprise funds will pay (where applicable) their fair share of general and administrative expenses
in lieu of property taxes and/or franchise fees. If an enterprise fund is temporarily unable to pay all
expenses, then the Town Council may waive general and administrative expenses in lieu of property
taxes and/or franchise fees until the fund is able to pay them.
7. Special Purpose Districts Cash Reserves
The Town has two Special Purpose Districts: Crime Control and Prevention Special Purpose District;
and Fire Control, Prevention and Emergency Medical Services Special Purpose District. It is the desire
of the Town to maintain a cash reserve balance equal to twenty-five thousand dollars in each of the
Special Purpose Districts beginning in fiscal year 20-21 and future fiscal years.
8. Contingent Budget Measures
Economic downturns including recessions are inevitable even in a rapidly growing community. The
dynamic economy of both Texas and Dallas Fort Worth metroplex and Prosper’s location in the northern
growth path make it likely that even recessions will be more a “pause” rather than a “stop”. However,
the town must ensure that a structurally balanced budget is maintained even if debt issuance and
staffing additions must be paused until the economy recovers.
210 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXSECTION 17.11: Debt Management
1. General
The Town’s borrowing practices will be conducted in accordance with the Town Council approved
Debt Management and Debt Post Issuance Policies.
2. Self-Supporting Debt
When appropriate, self-supporting revenues will pay debt services in lieu of tax revenues.
3. Analysis of Financing Alternatives
The Town will explore all financing alternatives in addition to long-term debt including leasing, grants
and other aid, developer contributions, impact fees, and use of reserves.
4. Voter Authorization
The Town shall obtain voter authorization before issuing General Obligation Bonds as required by law.
In general, voter authorization is not required for the issuance of Revenue Bonds and Certificates of
Obligation.
SECTION 17.12: Staffing and Training
1. Adequate Staffing
Staffing levels will be adequate for the fiscal functions of the Town to function effectively. Comparison
of workload and staffing levels of comparison cities will be explored before adding staff.
2. Training
The Town will support the continuing education efforts of all financial staff including the investment
in time and materials for maintaining a current perspective concerning financial issues. Staff will be
held accountable for communicating, teaching, and sharing with other staff members all information
and training materials acquired from seminars, conferences, and related education efforts.
3. Awards, Credentials
The Town will support efforts and involvements which result in meeting standards and receiving
exemplary recitations on behalf of any of the Town’s fiscal policies, practices, processes, products,
and personnel. Staff certifications may include Certified Public Accountant, Certified Management
Accountant, Certified Internal Auditor, Certified Payroll Professional, Certified Government Finance
Officer, Professional Public Buyer, Certified Cash Manager, PFIA investment training, and others as
approved by the Town Manager upon recommendation of the Finance Director.
SECTION 17.13: Grant Management
1. General
The Town’s grant management practices will be conducted in accordance with the Town’s Grant
Management Policy.
211Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXAdministrative Regulations
CHAPTER 15:C Debt Management Policy
SECTION 15.01: Purpose and Overview
The Town of Prosper recognizes that the foundation of any well-managed debt program are comprehensive
debt management and post issuance policies that are fully integrated with the long-term capital plan and
related five-year operating budget forecasts. This policy outlines the need to identify all possible non-debt
capital plan funding sources first, and then establishes parameters for issuing new debt and managing
the existing debt portfolio. It identifies permissible and preferred types, structures and amounts of debt;
providing guidance to decision makers regarding the purposes for which debt may be issued. This policy
is aligned and compliments Chapter 16: Debt Post Issuance-Monitoring and Compliance Policy.
Adherence to a debt management policy helps ensure that the Town maintains the current or an improved
bond rating in order to minimize borrowing costs and preserve access to credit.
The Town’s Debt Management Policy (“the Debt Policy”) provides guidance for staff to promote:
1. High quality debt management decisions;
2. Support for debt issuances both internally and externally;
3. Order and discipline in the debt issuance process;
4. Consistency and continuity in the decision making process;
5. A positive perception of the debt management program by rating agencies, investment community
and taxpayers; and
6. A commitment to long-term financial planning objectives.
SECTION 15.02: Scope
This Policy applies to all debt instruments issued by the Town regardless of the funding source. Funding
sources can be derived from, and debt secured by, ad valorem taxes, general Town revenues, enterprise
fund revenues or any other identifiable source of revenue that may be identified for appropriate pledging
for bonded indebtedness.
SECTION 15.03: Objectives
The primary objective of this Policy is to ensure that the Town establishes and maintains a solid position
with respect to its debt service and bond proceed funds and that proceeds from long-term debt will not be
used for current operations but rather for capital improvements, and related expenses, and other long-term
assets in accordance with state law and Town ordinances.
The Town will seek all possible federal and state reimbursement for mandated projects and/or programs.
The Town will pursue a balanced relationship between issuing debt and pay-as-you-go financing as dictated
by prevailing economic factors and as directed by the Town Council.
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APPENDIXOther objectives include:
1. Bonds shall be paid back within a period not to exceed, and preferably sooner than, the expected
useful life of the capital project;
2. Decisions shall be made based on a number of factors and will be evaluated against long- term
goals rather than a short-term fix; and
3. Debt service and bond proceed funds shall be managed and invested in accordance with all federal,
state and local laws and in conjunction with the Tax Compliance Certificate of each bond issue to
assure availability to cover project costs and debt service payments when due.
SECTION 15.04: Implementation
The Policy requires:
1. Payment of principal and interest on all outstanding debt in full and timely manner;
2. Incurrence of debt for those purposes permissible under State law and the home-rule charter of
the Town;
3. Development, approval and financing of capital improvements in accordance with Town Code and
the capital improvement budgeting process;
4. Structuring of principal and interest retirement schedules to: 1) achieve a low borrowing cost for
the Town, 2) accommodate the debt service payments of existing debt, and 3) respond to perceptions
of market demand. Shorter maturities shall always be encouraged to demonstrate to rating agencies
that debt is being retired at a sufficiently rapid pace;
5. Selection of a method of sale that shall maximize the financial benefit to the Town;
6. Effective communication with bond rating agencies to ensure complete and clear understanding
of the credit worthiness of the Town; and
7. Full, complete, and accurate disclosure of financial conditions and operating results in every financial
report, bond prospectus and Annual Information Statement (“AIS”). All reports shall conform to
guidelines issued by the Government Finance Officers Association (“GFOA”), Securities and Exchange
Commission (“SEC”), and the Internal Revenue Service (IRS) to meet the disclosure needs of rating
agencies, underwriters, investors, and taxpayers.
SECTION 15.05: Structure of Debt
Debt service shall be structured to the greatest extent possible to:
1. Target projected cash flows and pledged revenues;
2. Minimize the impact on future tax levies;
3. Target a consistent and as rapid as feasible payment of principal;
4. Maintain a level overall annual debt service payment structure; and
5. Target the equal or the lesser of the useful life of the asset being financed, or the maximum legal
maturity for the obligations issued to finance the acquisition and construction of the asset.
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APPENDIX1. Fixed Interest versus Variable Interest
The Town generally issues fixed rate bonds primarily to protect the Town against interest rate risk. The
Town has the option to issue variable rate bonds if market conditions warrant and Council approves it.
2. Other Considerations
Bonds are generally issued such that:
1. The final maturity is 20 years or less for general obligation bonds and revenue bonds, the Town
may choose a longer term for revenue bonds for projects whose lives are greater than 20 years.
2. Debt service interest is paid in the first fiscal year after a bond sale, and principal is targeted
to commence no later than the second fiscal year after the debt is issued. However, the Town
may defer principal for a longer period of time in order to maintain a specific I&S tax rate or a
certain level of debt service.
3. Call provisions for bond issues shall be made as short as possible consistent with the lowest
interest cost to the Town. The targeted maximum length to call is 10 years.
SECTION 15.06: Financing Alternatives
The Town shall develop a level of cash and debt funded capital improvement projects that provide the
citizens with the desired amount of Town services at the lowest cost. Town staff shall assess all financial
alternatives for funding capital improvements prior to issuing debt.
Long-term general obligation debt, including certificates of obligation, or revenue bonds shall be issued
to finance significant and desirable capital improvements. Proceeds of general obligation debt will be
used only for the purposes approved by voters in bond elections or set forth in the notices of intent for
certificates of obligation or to refund previously issued general obligation bonds, certificates of obligation
or revenue bonds. All bonds shall be sold in accordance with applicable law.
1. Pay-As-You-Go Financing
Pay-as-you-go financing should be considered before issuing any debt. Pay-as-you go financing may
include: intergovernmental grants from federal, state and other sources, current revenues or fund
balances, private sector contributions, and public/private partnerships. Once the Town has determined
that pay-as-you-go is not a feasible or sufficient financing option, the Town may use bonds, loans, or
other debt financing sources as deemed appropriate by Town staff and approved by Council.
2. General Obligation Bonds
General obligation bonds may be used if the following criteria are met:
1. The size of the issuance is $1 million or above;
2. The GO bond funds are used for new and expanded facilities, major repair or renovations to
existing facilities, or quality-of-life projects;
3. The useful life of the capital asset acquired/constructed/improved will be ten (10) years or
more, or the funds will extend the useful life of an asset for more than ten (10) years; and
4. Voter authorization is given through approval in a bond election in accordance with State law.
GO bonds may be used to fund quality-of-life projects that include, but are not limited to, the Town’s
parks, libraries, non-public safety facilities, internet and entertainment, sports and amusement-type
facilities.
214 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX3. Certificates of Obligation
COs will be issued for the following projects/acquisitions:
1. Finance permanent improvements and land acquisition;
2. Acquire equipment/vehicles;
3. Leverage grant funding;
4. Renovate, acquire, construct facilities and facility improvements;
5. Construct street improvements;
6. Provide funding for master plans/studies;
7. Infrastructure projects (including street, water and sewer and drainage work)
8. Emergency Town facilities rehabilitation (storm water drainage, etc.)
9. Major core service facilities (police, fire, streets, etc.)
Notwithstanding the policy set forth herein, certificates of obligation or other long-term debt may be
considered if the following criteria are met:
1. The need for the project is urgent and immediate;
2. The project(s) is necessary to prevent an economic loss to the Town;
3. Source of revenue is specific and can be expected to cover the additional debt;
4. The expected debt is the most cost effective financing option available.
In addition, the final maturity of non-voter approved debt shall not exceed the average life of the
project financed. Capital items shall have a value of at least $5,000 and a life of at least four years.
4. Reimbursement Resolutions
Reimbursement resolutions, if required for funds to be advanced prior to issuance of general obligation
debt, may be used for projects funded through General Obligation Bonds and Certificates of Obligation.
5. Certificates of Obligations - Enterprise Fund
Certificates of obligation for an enterprise system will be limited to only those projects, which can
demonstrate the capability to support the certificate debt either though its own revenues, or another
pledged source other than ad valorem taxes and meet the same criteria as outlined above.
6. Revenue Bonds
Revenue bonds may be issued for projects that generate revenues that are sufficient to repay the
debt. Except where otherwise required by state statutes, revenue bonds may be issued without voter
approval and only in accordance with the laws of Texas.
7. Other debt obligations
The use of other debt obligations, permitted by law, including but not limited to public property finance
act contractual obligations, pension obligation bonds; tax notes and lease purchase obligations will
215Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXbe reviewed on a case-by-case basis. The findings above will be considered for the use of these
obligations.
SECTION 15.07: Methods of Sale
The Town’s debt obligations may be sold by competitive or negotiated sale methods. The selected method
of sale depends upon the option which is expected to result in the lowest cost and most favorable terms
to the Town given the financial structure used, market conditions, and prior experience. When considering
the method of sale, the Town may consider the following issues:
1. Financial conditions;
2. Market conditions;
3. Transaction-specific conditions;
4. Town-related conditions;
5. Risks associated with each method;
6. Complexity of the Issue – Municipal securities with complex security features require greater
marketing and buyer education efforts on the part of the underwriter, to improve the investors’
willingness to purchase;
7. Volatility of Bond Yields – If municipal markets are subject to abrupt changes in interest rates, there
may be a need to have some flexibility in the timing of the sale to take advantage of positive market
changes or to delay a sale in the face of negative market changes;
8. Familiarity of Underwriters with the Town’s Credit Quality – If underwriters are familiar with the
Town’s credit quality, a lower True Interest Cost (TIC) may be achieved. Awareness of the credit
quality of the Town has a direct impact on the TIC an underwriter will bid on an issue. Therefore,
where additional information in the form of presale marketing benefits the interest rate, a negotiated
sale may be recommended. The Town strives to maintain an excellent bond rating. As a result, the
Municipal Bond Market is generally familiar with the Town’s credit quality; and
9. Size of the Issue – The Town may choose to offer sizable issues as negotiated sales so that
pre-marketing and buyer education efforts may be done to more effectively promote the bond sale.
1. Competitive Sale
In a competitive sale, bonds are awarded in a sealed bid sale to an underwriter or syndicate of
underwriters that provides the lowest TIC bid. TIC is defined as the rate, which will discount the
aggregate amount of debt service payable over the life of the bond issue to its present value on the
date of delivery. It is customary for bids to be submitted electronically through a secure website.
2. Negotiated Sale
In a negotiated sale, the Town chooses an underwriter or underwriting syndicate that is interested in
reoffering a particular series of bonds to investors. The terms of the sale, including the size of the
underwriter’s discount, date of sale, and other factors, are negotiated between the two parties. Although
the method of sale is termed negotiated, individual components of the sale may be competitively bid.
The components are subject to a market analysis and reviewed prior to recommendation by staff.
Negotiated sales are more advantageous when flexibility in the sale date is needed or when less
conventional bond structures are being sold. Negotiated sales are also often used when the issue is
particularly large or if the sale of the debt issuance would be perceived to be more successful with
pre-marketing efforts.
216 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX3. Private Placement
A private placement is a negotiated sale of debt securities to a limited number of selected investors
including financial institutions, government agencies, or authorities. The Town may engage a placement
agent to identify likely investors if deemed necessary. A private placement may be beneficial when
the issue size is small, when the security of the bonds is somewhat weaker, or when a governmental
lending agency or authority can provide beneficial interest rates or terms compared to financing in
the public market.
SECTION 15.08: Refunding of Debt
All forms of refunding debt shall be approved by Council in accordance with Town ordinances and the
Department of Finance and Administration in accordance with state law.
1. Advance Refunding
Advanced refunding and forward delivery refunding transactions for savings may be considered when
the net present value savings as a percentage of the par amount of refunded bonds is approximately
three percent.
2. Current Refunding
Current refunding transactions issued for savings maybe considered when the net present value
savings as a percentage of the par amount of refunded bonds is approximately three percent.
3. Refunding for Debt Restructuring
From time to time, the Town may also issue refunding debt for other purposes, rather than net present
value savings, such as restructuring debt, changing covenants, or changing the repayment source of
the bonds.
SECTION 15.09: Debt Limits
The total principal amount of general obligation bonds together with the principal amount of all other
outstanding tax indebtedness of the Town to be repaid from the Debt Service Fund will be targeted to not
exceed four percent of the total assessed valuation of the Town’s tax rolls.
The Town will target an I&S tax rate that makes up 40% or less of the Town’s total tax rate (M&O tax rate
plus I&S tax rate).
The Enterprise Fund will target the net revenues available for debt service to exceed 125 times the
outstanding revenue-backed debt service payments.
SECTION 15.10: Maturity Levels
1. Revenue Debt
The maximum maturity of revenue debt shall not exceed the expected useful life of the capital asset
being financed and in no case shall it exceed thirty years.
2. General Obligation Debt
The maximum maturity of general obligation debt shall be targeted not to exceed twenty years.
217Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXSECTION 15.11: Management of Debt Service Fund
1. Interest Earnings
Interest earnings on bond and loan proceeds shall be used solely to fund direct or related capital
expenditures, or to service current and future debt payments.
2. Debt Service Reserves – General Obligation Bonds
Debt service reserves for general obligation bonds shall not be required.
3. Debt Service Reserves – Revenue Bonds
Debt service reserves for revenue bonds shall be maintained at levels required by controlling bond
ordinances.
4. Legal Regulatory and Covenant Requirements
The Town shall comply with all Federal and State laws, SEC regulations and related contractual and
covenant requirements. See Chapter 16: Debt Post Issuance Monitoring and Compliance.
SECTION 15.12: Ratings
Adherence to a debt management policy helps insure that the Town maintains the current or an improved
bond rating in order to minimize borrowing costs and preserve access to credit. Toward that end, the
Town will take the following steps.
1. Strive to maintain good relationships with bond rating agencies as well as disclose financial reports
and information to these agencies and to the public.
2. Obtain a rating from at least one nationally recognized bond-rating agency on all issues being sold
in the public market.
3. Make timely disclosure of annual financial information or other requested information to the rating
agencies.
SECTION 15.13: Continuing Disclosure
The Town will take all appropriate steps to comply with federal securities laws, including, but not limited
to, Securities and Exchange Commission Rule 15c2-12 (the “Rule”). The Town will make annual and event
disclosure filings to the MSRB via EMMA, as required by the Rule and its continuing disclosure undertakings.
SECTION 15.14: Selection of Financial Advisor
The Town shall retain an independent financial advisor for advice on the structuring of new debt, financial
analysis of various options, including refunding opportunities, the rating review process, the marketing and
marketability of Town debt obligations, issuance and post- issuance services, the preparation of offering
documents (each, an “Official Statement”) and other services, as necessary. The Town will seek the advice
of the financial advisor on an ongoing basis. The financial advisor will perform other services as defined
by the agreement approved by the Town Council. The financial advisor will not bid on nor underwrite any
Town debt issues in accordance with MSRB rules.
SECTION 15.15: Selection of Bond Counsel
The Town shall retain bond counsel for legal and procedural advice on all debt issues. Bond counsel shall
advise the Town Council in all matters pertaining to its bond ordinance(s) and /or resolution(s). No action
shall be taken with respect to any obligation until a written instrument (e.g., Certificate for Ordinance or
218 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXother legal instrument) has been prepared by the bond attorneys certifying the legality of the proposal.
The bond attorneys shall prepare all ordinances and other legal instruments required for the execution and
sale of any bonds issued which shall then be reviewed by the Town Attorney and the Director of Finance.
The Town will also seek the advice of bond counsel on all other types of debt and on any other questions
involving state law and federal tax or arbitrage law. Special counsel may be retained to protect the Town’s
interest in complex negotiations.
219Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXAdministrative Regulations
CHAPTER 16: Debt Post Issuance Policy
SECTION 16.01: Purpose and Overview
The Town of Prosper will establish all necessary debt post issuance procedures to ensure compliance
with all federal, state, contractual and covenant requirements.
SECTION 16.02: General Procedures
1. The Tax Compliance Certificate
1. The Tax Compliance Certificate (“Tax Certificate”) issued for each bond issue describing the
requirements and provisions of the Code must be followed in order to maintain the tax-exempt status
of the interest on such bonds.
2. The Tax Certificate will contain the reasonable expectations of the Town at the time of issuance
of the related bonds with respect to the use of the gross proceeds of such bonds and the assets to
be financed or refinanced with the proceeds thereof.
3. Procedures put in place by the Town supplement and support the covenants and representations made
by the Town in the Tax Certificate related to specific issues of tax-exempt bonds. In order to comply
with the covenants and representations set forth in the bond documents and in the Tax Certificate,
the Town will monitor all Town bond issues using the post issuance compliance requirements.
2. State Compliance
The local government code and other state statutes contain various requirements related to filing a
debt issuance for review by the attorney general and filing debt related information with the Comptroller
of Public Accounts.
3. Federal - SEC Continuing Disclosure Requirements
The Securities and Exchange Commission has promulgated various requirements for underwriters of
municipal debt requiring issuers to file specified continuing disclosures on an annual basis as well as
event notices of a material nature within ten business days of the occurrence of the event. Specific
financial and operating data to be included in the annual continuing disclosure filings are listed in
each of the Town’s Official Statements. It should be noted that once a disclosure is committed to
in an official statement that requirement remains in effect until all debt from that specific official
statements is retired even if less stringent requirements are included in future official statements.
SECTION 16.03: Designation of Responsible Person
The Finance Director shall maintain an inventory of bonds and assets financed which contain the
pertinent data to satisfy the Town’s monitoring responsibilities. Any transfer, sale or other disposition of
bond-financed assets shall be reviewed and approved by the Town Council in accordance with state law,
federal tax law and the Town’s ordinances.
SECTION 16.04: External Advisors/Documentation
The Town shall consult with bond counsel and other legal counsel and advisors, as needed, throughout
the issuance process to identify requirements and to establish procedures necessary or appropriate so
that the bonds will continue to qualify for tax-exempt status. Those requirements and procedures shall be
documented in the Tax Certificate and/or other documents finalized at or before issuance of the bonds.
Those requirements and procedures shall include future compliance with applicable arbitrage rebate
220 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXrequirements and all other applicable post-issuance requirements of federal tax law throughout (and in
some cases beyond) the term of the bonds.
1. The Town also shall consult with bond counsel and other legal counsel and advisors as needed
following issuance of the bonds to ensure that all applicable post-issuance requirements are met.
This shall include, without limitation, consultation in connection with future long-term contracts with
private parties for the use of bond- financed or refinanced assets.
2. The Town shall engage expert advisors (a “Rebate Service Provider”) to assist in the calculation
of the arbitrage rebate payable with respect to the investment of the bond proceeds, unless the Tax
Certificate documents that arbitrage rebate will not be applicable to an issue of bonds.
3. Unless otherwise provided by the resolution or other authorizing documents relating to the bonds,
unexpended bond proceeds shall be held in a segregated bond account. The investment of bond
proceeds shall be managed by the Town. The Town shall prepare regular, periodic statements regarding
the investments and transactions involving bond proceeds.
SECTION 16.05: Arbitrage Rebate and Yield
Unless the Tax Certificate documents that arbitrage rebate will not be applicable to an issue of bonds,
the Town shall be responsible for:
1. Engaging, by contract, the services of a Rebate Service Provider, procured in accordance with State
law and Town ordinances.
2. Providing to the Rebate Service Provider, as may be requested, additional documents and information
pertaining to the expenditure of proceeds from each bond issue being annually reviewed.
3. Monitoring the services of the Rebate Service Provider.
4. Assuring payment of the required rebate amounts, if any, no later than sixty (60) days after each
five (5) year anniversary of the issue date of the bonds, and no later than sixty (60) days after the last
bond of each issue is redeemed.
5. During the construction period of each capital project financed in whole or in part by bonds, monitoring
the investment and expenditure of bond proceeds and consulting with the Rebate Service Provider to
determine compliance with the applicable exceptions with any arbitrage rebate requirements.
6. Retaining copies of all arbitrage reports and account statements as described below under “Record
Keeping Requirements.”
221Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXSECTION 16.06: Use of Bond Proceeds and Bond-Financed or Refinanced Assets
The Town, in the Tax Certificate and/or other documents finalized at or before the issuance of the bond,
shall be responsible for the following tasks:
1. Monitoring the use of bond proceeds and the use of bond-financed or refinanced assets (e.g.,
facilities, furnishing or equipment) throughout the term of the bonds to ensure compliance with
covenants and restrictions set forth in the Tax Certificate.
2. Maintaining records identifying the capital assets or portion of capital assets that are financed or
refinanced with proceeds of the bonds, including a final allocation of bond proceeds, as described
below under Record Keeping Requirements.
3. Consulting with bond counsel and other legal counsel and advisors in the review of any contracts
or arrangements involving private use of bond-financed or refinanced assets to ensure compliance
with all covenants and restrictions s et forth in the Tax Certificate.
4. Maintaining records for any contracts or arrangements involving the use of bond- financed or
refinanced assets, as described below under Record Keeping Requirements.
5. To the extent that the Town discovers that any applicable tax restrictions regarding use of the
bond proceeds and bond-financed or refinanced assets may have or may be violated, consulting
promptly with bond counsel and other legal advisors to determine a course of action to remediate all
non-qualified bonds, if such counsel advises that a remedial action is necessary.
SECTION 16.07: Record Keeping Requirement
The Town shall be responsible for maintaining the following documents for the term of the issuance of
bonds (including refunding bonds, if any) plus at least three years.
1. A copy of the bond closing transcript(s) and other relevant documentation delivered to the Town
at or in connection with closing of the issuance of bonds, including any elections made by the Town
in connection therewith.
2. A copy of all material documents relating to capital expenditures financed or refinanced by bond
proceeds, including (without limitation) construction contracts, purchase orders, invoices, requisitions
and payment records, draw requests for bond proceeds and evidence as to the amount and date for
each draw down of bond proceeds, as well as documents relating to costs paid or reimbursed with
bond proceeds and records identifying the asset or portion of assets that are financed or refinanced
with bond proceeds, including a final allocation of bond proceeds.
3. A copy of all contracts and arrangements involving the use of bond-financed or refinanced assets.
4. A copy of all records of investments, investment agreements, arbitrage reports and underlying
documents in connection with any investment agreements, and copies of all bidding documents, if
any. [Paying agent account statements, bank statements for reserve funds, etc.]
222 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXTown Staff and Consultants
Town Staff
Town Manager’s Office Mario Canizares, Town Manager
Bob Scott, Deputy Town Manager
Chuck Ewings, Assistant Town Manager
Robyn Battle, Executive Director
Town Secretary’s Office Michelle Lewis Sirianni, Town Secretary
Finance Chris Landrum, Finance Director
Human Resources Tony Luton, Human Resources Director
Information Technology Leigh Johnson, Information Technology Director
Communications
Stephen Tanner, Community Engagement &
Experiences Director
Municipal Court Judith Jacinto, Court Administrator
Police Brent Brown, Police Chief
Fire Stuart Blasingame, Fire Chief
Development Services David Hoover, Development Services Director
Public Works Carrie Jones, Public Works Director
Parks and Recreation David Angeles, Parks and Recreation Director
Library Gary Landeck, Library Director
Engineering Hulon Webb, Director of Engineering Services
Consultants
Auditors Weaver & Tidwell, L.L.P. - Sara Dempsey
Bond Counsel McCall, Parkhurst & Horton, L.L.P. - Chris Settle
Town Attorney Brown & Hofmeister, L.L.P. - Terry Welch
Financial Advisors Hilltop Securities, Inc - Jason Hughes
Risk Management TML Intergovernmental Risk Pool
Form developed by: Texas Comptroller of Public Accounts, Property Tax Assistance Division For additional copies, visit: comptroller.texas.gov/taxes/property-tax
50-856 • 5-26/15
Form 50-856
________________________________
Taxing Unit’s Website Address
________________________________
Phone (area code and number)
____________________________________________________________________________
Taxing Unit Name
____________________________________________________________________________
Taxing Unit’s Address, City, State, ZIP Code
2026 Tax Rate Calculation Worksheet Taxing Units Other Than School Districts or Water Districts
GENERAL INFORMATION: Tax Code Section 26.04(c) requires an officer or employee designated by the governing body to calculate the no-new-revenue (NNR) tax rate and
voter-approval tax rate for the taxing unit. These tax rates are expressed in dollars per $100 of taxable value calculated. The calculation process starts after the chief appraiser
delivers to the taxing unit the certified appraisal roll and the estimated values of properties under protest. The designated officer or employee shall certify that the officer or
employee has accurately calculated the tax rates and used values shown for the certified appraisal roll or certified estimate. The officer or employee submits the rates to the
governing body by Aug. 7 or as soon thereafter as practicable.
School districts do not use this form, but instead use Comptroller Form 50-859 Tax Rate Calculation Worksheet, School District without Chapter 313 and JETI Agreements or
Comptroller Form 50-884 Tax Rate Calculation Worksheet, School District with Chapter 313 and JETI Agreements.
Water districts as defined under Water Code Section 49.001(1) do not use this form, but instead use Comptroller Form 50-858 Water District Voter-Approval Tax Rate Worksheet
for Low Tax Rate and Developing Districts or Comptroller Form 50-860 Developed Water District Voter-Approval Tax Rate Worksheet.
The Comptroller’s office provides this worksheet to assist taxing units in determining tax rates. The information provided in this worksheet is offered as technical assistance
and not legal advice. Tax ing units should consult legal counsel for interpretations of law regarding tax rate preparation and adoption.
Taxing units must include a hyperlink to a document that evidences the accuracy of each entry in the worksheet other than an entry making a mathematical calculation.1
Insert hyperlink:
Source
materials must contain data for all worksheets used, including supplemental worksheets.
SECTION 1: No-New-Revenue Tax Rate
The NNR tax rate enables the public to evaluate the relationship between taxes for the prior year and for the current year based on a tax rate that would produce the same amount
of taxes (no new taxes) if applied to the same properties that are taxed in both years. When appraisal values increase, the NNR tax rate should decrease.
The NNR tax rate for a county is the sum of the NNR tax rates calculated for each type of tax the county levies.
While uncommon, it is possible for a taxing unit to provide an exemption for only maintenance and operations taxes. In this case, the taxing unit will need to calculate the NNR tax
rate separately for the maintenance and operations tax and the debt tax, then add the two components together.
Line No-New-Revenue Tax Rate Worksheet Amount/Rate
1. Prior year total taxable value. Enter the amount of the prior year taxable value on the prior year tax roll today. Include any adjustments since
last year’s certification; exclude Tax Code Section 25.25(d) one-fourth and one-third over-appraisal corrections from these adjustments. Exclude
any property value subject to an appeal under Chapter 42 as of July 25 (will add undisputed value in Line 6). This total includes the taxable value
of homesteads with tax ceilings (will deduct in Line 2) and the captured value for tax increment financing (adjustment is made by deducting TIF
taxes, as reflected in Line 17).2 $ _____________
2. Prior year tax ceilings. Counties, cities and junior college districts. Enter the prior year total taxable value of homesteads with tax ceilings.
These include the homesteads of homeowners age 65 or older or disabled. Other taxing units enter 0. If your taxing unit adopted the tax
ceiling provision last year or a prior year for homeowners age 65 or older or disabled, use this step.3 $ _____________
3. Preliminary prior year adjusted taxable value. Subtract Line 2 from Line 1. $ _____________
4. Prior year total adopted tax rate. $ __________/$100
5. Prior year taxable value lost because court appeals of ARB decisions reduced the prior year’s appraised value.
A. Original prior year ARB values:....................................................................... $ _____________
B. Prior year values resulting from final court decisions:................................................ -$ _____________
C. Prior year value loss. Subtract B from A.4 $ _____________
1 Tex. Tax Code §§5.07(g)(4) and 26.04(d-1)
2 Tex. Tax Code §26.012(14)
3 Tex. Tax Code §26.012(14)
4 Tex. Tax Code §26.012(13)
Town of Prosper 972-346-2640
250 W. First Street, Prosper, TX 75078 www.prospertx.gov
https://api.collincountytx.gov/DocAPI-TruthInTaxationProxy/Document/41391571/Raw
11,420,068,443
1,061,613,314
10,358,455,129
0.505000
522,948,669
482,949,560
39,999,109
223Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX
2026 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 2
Line No-New-Revenue Tax Rate Worksheet Amount/Rate
6. Prior year taxable value subject to an appeal under Chapter 42, as of July 25.
A. Prior year ARB certified value: ....................................................................... $ _____________
B. Prior year disputed value:............................................................................ -$ _____________
C. Prior year undisputed value. Subtract B from A. 5 $ _____________
7. Prior year Chapter 42 related adjusted values. Add Line 5C and Line 6C. $ _____________
8. Prior year taxable value, adjusted for actual and potential court-ordered adjustments. Add Line 3 and Line 7. $ _____________
9. Prior year taxable value of property in territory the taxing unit deannexed after Jan. 1 of the prior year. Enter the prior year value
6of property in deannexed territory. $ _____________
10. Prior year taxable value lost because property first qualified for an exemption in the current year. If the taxing unit increased an
original exemption, use the difference between the original exempted amount and the increased exempted amount. Do not include value
lost due to freeport, goods-in-transit, temporary disaster exemptions. Note that lowering the amount or percentage of an existing
exemption in the current year does not create a new exemption or reduce taxable value.
A. Absolute exemptions. Use prior year market value: .................................................... $ _____________
B. Partial exemptions. Current year exemption amount or current year percentage exemption
times prior year value: ................................................................................. + $ _____________
C. Value loss. Add A and B. 7 $ _____________
11. Prior year taxable value lost because property first qualified for agricultural appraisal (1-d or 1-d-1), timber appraisal, recreational/
scenic appraisal or public access airport special appraisal in the current year. Use only properties that qualified for the first time in the
current year; do not use properties that qualified in the prior year.
A. Prior year market value:.............................................................................. $ _____________
B. Current year productivity or special appraised value: ................................................ -$ _____________
C. Value loss. Subtract B from A. 8 $ _____________
12. Total adjustments for lost value. Add Lines 9, 10C and 11C. $ _____________
13. Prior year captured value of property in a TIF. Enter the total value of the prior year captured appraised value of property taxable by a
taxing unit in a tax increment financing zone for which the prior year taxes were deposited into the tax increment fund. 9 If the taxing unit
has no captured appraised value in line 18D, enter 0. $ _____________
14. Prior year total value. Subtract Line 12 and Line 13 from Line 8. $ _____________
15. Adjusted prior year total levy. Multiply Line 4 by Line 14 and divide by $100. $ _____________
16. Taxes refunded for years preceding the prior tax year. Enter the amount of taxes refunded by the taxing unit for tax years preceding
the prior tax year. Types of refunds include court decisions, Tax Code Section 25.25(b) and (c) corrections and Tax Code Section 31.11
payment errors. Do not include refunds for the prior tax year. This line applies only to tax years preceding the prior tax year. 10 $ _____________
17.Adjusted prior year levy with refunds. Add Lines 15 and 16. 11 $ _____________
5 Tex. Tax Code §26.012(13)
6 Tex. Tax Code §26.012(15)
7 Tex. Tax Code §26.012(15)
8 Tex. Tax Code §26.012(15)
9 Tex. Tax Code §26.03(c)
10 Tex. Tax Code §26.012(13)
11 Tex. Tax Code §26.012(13) and (15)
502,383,764
30,412,577
471,971,187
511,970,296
10,870,425,425
0
5,009,288
150,892,622
155,901,910
0
42
-42
155,901,868
302,631,636
10,411,891,921
52,580,054
311,716
52,891,770
224 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX
18.Total current year taxable value on the current year certified appraisal roll today. This value includes only certified values or certified
estimate of values and includes the total taxable value of homesteads with tax ceilings (will deduct in Line 20). These homesteads include
homeowners age 65 or older or disabled. 12
A.Certified values:...................................................................................... $ _____________
B.Counties: Include railroad rolling stock values certified by the Comptroller’s office: ....................... + $ _____________
C. Pollution control and energy storage system exemption: Deduct the value of property exempted
for the current tax year for the first time as pollution control or energy storage system property:........... - $ _____________
D.Tax increment financing: Deduct the current year captured appraised value of property taxable
by a taxing unit in a tax increment reinvestment zone for which the current year taxes will be deposited
into the tax increment fund. Do not include any new property value that will be included in Line 24 below. 13
Adjustments to the taxable value must be calculated separately for each reinvestment zone using
Form 50-110.14 Enter the total from Form 50-110 ..................................................... - $ _____________
E.Total current year value. Add A and B, then subtract C and D.$ _____________
19.Total value of properties under protest or not included on certified appraisal roll. 15
A.Current year taxable value of properties under protest. The chief appraiser certifies a list of properties
still under ARB protest. The list shows the appraisal district’s value and the taxpayer’s claimed value, if any,
or an estimate of the value if the taxpayer wins. For each of the properties under protest, use the lowest
of these values. Enter the total value under protest. 16.................................................... $ _____________
B.Current year value of properties not under protest or included on certified appraisal roll. The chief
appraiser gives taxing units a list of those taxable properties that the chief appraiser knows about but
are not included in the appraisal roll certification. These properties also are not on the list of properties
that are still under protest. On this list of properties, the chief appraiser includes the market value,
appraised value and exemptions for the preceding year and a reasonable estimate of the market value,
appraised value and exemptions for the current year. Use the lower market, appraised or taxable value
(as appropriate). Enter the total value of property not on the certified roll. 17 .............................. + $ _____________
C. Total value under protest or not certified. Add A and B.$ _____________
20.Current year tax ceilings. Counties, cities and junior colleges enter current year total taxable value of homesteads with tax ceilings.
These include the homesteads of homeowners age 65 or older or disabled. Other taxing units enter 0. If your taxing unit adopted
the tax ceiling provision in the prior year or a previous year for homeowners age 65 or older or disabled, use this step.18 $ _____________
21.Anticipated contested value. Affected taxing units enter the contested taxable value for all property that is subject to anticipated
substantial litigation. 19 An affected taxing unit is wholly or partly located in a county that has a population of less than 500,000
and is located on the Gulf of Mexico.20 If completing this line, the taxing unit must include supporting documentation in Section 9.21
Taxing units that are not affected, enter 0.$ _____________
22.Current year total taxable value. Add Lines 18E and 19C, then subtract Lines 20 and 21.22 $ _____________
23.Total current year taxable value of properties in territory annexed after Jan. 1, of the prior year. Include both real and personal property.
Enter the current year value of property in territory annexed. 23 $ _____________
24.Total current year taxable value of new improvements and new personal property located in new improvements. New means
the item was not on the appraisal roll in the prior year. An improvement is a building, structure, fixture or fence erected on or affixed to
land. New additions to existing improvements may be included if the appraised value can be determined. New personal property in a
new improvement must have been brought into the taxing unit after Jan. 1, of the prior year and be located in a new improvement.
New improvements do include property on which a tax abatement agreement has expired for the current year. 24 $ _____________
Page 3
12 Tex. Tax Code §§26.012(6) and 26.04(c-2)
13 Te x. Tax Code §26.03(c)
14 Te x. Tax Code §26.03(e)
15 Te x. Tax Code §26.01(c) and (d)
16 Te x. Tax Code §26.01(c)
17 Te x. Tax Code §26.01(d)
18 Te x. Tax Code §26.012(6)(B)
19 Te x. Tax Code §§26.012(6)(C) and 26.012(1-b)
20 Te x. Tax Code §26.012(1-a)
21 Te x. Tax Code §26.04(d-3)
22 Te x. Tax Code §26.012(6)
23 Te x. Tax Code §26.012(17)
24 Te x. Tax Code §26.012(17)
For additional copies, visit: comptroller.texas.gov/taxes/property-tax
2026 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
No-New-Revenue Tax Rate Worksheet Amount/RateLine
11,540,557,502
0
0
323105784
11,217,451,718
1,143,311,692
0
1,143,311,692
1,188,315,072
0
11,172,448,338
0
607,241,178
225Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX
2026 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 4
Line No-New-Revenue Tax Rate Worksheet Amount/Rate
25. Total adjustments to the current year taxable value. Add Lines 23 and 24. $ _____________
26. Adjusted current year taxable value. Subtract Line 25 from Line 22. $ _____________
27. Current year NNR tax rate. Divide Line 17 by Line 26 and multiply by $100. 25 $ __________/$100
28. COUNTIES ONLY. Add together the NNR tax rates for each type of tax the county levies. The total is the current year county NNR tax rate. 26 $ __________/$100
Voter Approval Tax Rate
The voter-approval tax rate is the highest tax rate that a taxing unit may adopt without holding an election to seek voter approval of the tax rate. The type of taxing unit will
determine the rate components that apply to a taxing units’ overall voter-approval tax rate.
The voter-approval tax rate for a county is the sum of the voter-approval tax rates calculated for each type of tax the county levies. In most cases the voter-approval tax rate
exceeds the no-new-revenue tax rate, but occasionally decreases in a taxing unit’s debt service will cause the NNR tax rate to be higher than the voter-approval tax rate.
SECTION 2: Maintenance and Operations (M&O) and Debt Tax Rate Worksheet
This section calculates two components of the voter-approval tax rate:
1. Maintenance and Operations (M&O) Tax Rate: The M&O portion is the tax rate that is needed to raise the same amount of taxes that the taxing unit levied in the prior year
plus the applicable percentage allowed by law. This rate accounts for such things as salaries, utilities and day-to-day operations.
2. Debt Rate: The debt rate includes the minimum dollar amount required to be paid toward debt service for the current year.27 This rate accounts for principal and interest on
bonds and other debt secured by property tax revenue.
Line M&O and Debt Tax Rate Worksheet Amount/Rate
29. Prior year M&O tax rate. Enter the prior year M&O tax rate. $ __________/$100
30. Prior year taxable value, adjusted for actual and potential court-ordered adjustments. Enter the amount in Line 8 of the No-New-Revenue
Tax Rate Worksheet. $ _____________
31. Total prior year M&O levy. Multiply Line 29 by Line 30 and divide by $100. $ _____________
32. Adjusted prior year levy for calculating NNR M&O rate.
A. M&O taxes refunded for years preceding the prior tax year. Enter the amount of M&O taxes
refunded in the preceding year for taxes before that year. Types of refunds include court decisions,
Tax Code Section 25.25(b) and (c) corrections and Tax Code Section 31.11 payment errors. Do not
include refunds for tax year 2025. This line applies only to tax years preceding the prior tax year............ +$ _____________
B. Prior year taxes in TIF. Enter the amount of taxes paid into the tax increment fund for a reinvestment
zone as agreed by the taxing unit. If the taxing unit has no current year captured appraised value in
Line 18D, enter 0. ...................................................................................... –$ _____________
C. Prior year transferred function. If discontinuing all of a department, function or activity and
transferring it to another taxing unit by written contract, enter the amount spent by the taxing
unit discontinuing the function in the 12 months preceding the month of this calculation. If the
taxing unit did not operate this function for this 12-month period, use the amount spent in the last
full fiscal year in which the taxing unit operated the function. The taxing unit discontinuing the function
will subtract this amount in D below. The taxing unit receiving the function will add this amount in
D below. Other taxing units enter 0. .................................................................... +/-$ _____________
D. Prior year M&O levy adjustments. Subtract B from A. For taxing unit with C, subtract if
discontinuing function and add if receiving function. .................................................... $ _____________
E. Add Line 31 to 32D. $ _____________
33. Adjusted current year taxable value. Enter the amount in Line 26 of the No-New-Revenue Tax Rate Worksheet. $ _____________
34. Current year NNR M&O rate (unadjusted). Divide Line 32E by Line 33 and multiply by $100. $ __________/$100
25 Tex. Tax Code §26.04(c)
26 Tex. Tax Code §26.04(d)
27 Tex. Tax Code §26.012(3)
607,241,178
10,565,207,160
0.500622
0.322054
10,870,425,425
35,008,639
200,970
917,455
0
-716,485
34,292,154
10,565,207,160
0.324576
226 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX
2026 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 5
Line M&O and Debt Tax Rate Worksheet Amount/Rate
35. Rate adjustment for state criminal justice mandate. 28
A. Current year state criminal justice mandate. Enter the amount spent by a county in the previous 12 months
providing for the maintenance and operation cost of keeping inmates in county-paid facilities after they
have been sentenced. Do not include any state reimbursement received by the county for the same purpose. $ _____________
B. Prior year state criminal justice mandate. Enter the amount spent by a county in the 12 months prior to
the previous 12 months providing for the maintenance and operation cost of keeping inmates in
county-paid facilities after they have been sentenced. Do not include any state reimbursement received
by the county for the same purpose. Enter zero if this is the first time the mandate applies. ................ –$ _____________
C. Subtract B from A and divide by Line 33 and multiply by $100. ........................................... $ __________/$100
D. Enter the rate calculated in C. If not applicable, enter 0. $ __________/$100
36. Rate adjustment for indigent health care expenditures. 29
A. Current year indigent health care expenditures. Enter the amount paid by a taxing unit providing for the
maintenance and operation cost of providing indigent health care for the period beginning on
July 1, of the prior tax year and ending on June 30, of the current tax year, less any state assistance received
for the same purpose................................................................................... $ _____________
B. Prior year indigent health care expenditures. Enter the amount paid by a taxing unit providing for
the maintenance and operation cost of providing indigent health care for the period beginning
on July 1, 2024 and ending on June 30, 2025, less any state assistance received
for the same purpose................................................................................... –$ _____________
C. Subtract B from A and divide by Line 33 and multiply by $100. ........................................... $ __________/$100
D. Enter the rate calculated in C. If not applicable, enter 0. $ __________/$100
37. Rate adjustment for county indigent defense compensation. 30
A. Current year indigent defense compensation expenditures. Enter the amount paid by a county
to provide appointed counsel for indigent individuals and fund the operations of a public defender’s
office under Article 26.044, Code of Criminal Procedure for the period beginning on July 1, of the prior
tax year and ending on June 30,of the current tax year, less any state grants received by the county
for the same purpose................................................................................... $ _____________
B. Prior year indigent defense compensation expenditures. Enter the amount paid by a county to
provide appointed counsel for indigent individuals and fund the operations of a public defender’s
office under Article 26.044, Code of Criminal Procedure for the period beginning on July 1, 2024 and
ending on June 30, 2025, less any state grants received by the county for the same purpose. .............. $ _____________
C. Subtract B from A and divide by Line 33 and multiply by $100. ........................................... $ __________/$100
D. Multiply B by 0.05 and divide by Line 33 and multiply by $100............................................ $ __________/$100
E. Enter the lesser of C and D. If not applicable, enter 0. $ __________/$100
38. Rate adjustment for county hospital expenditures. 31
A. Current year eligible county hospital expenditures. Enter the amount paid by the county or
municipality to maintain and operate an eligible county hospital for the period beginning on July 1,
of the prior tax year and ending on June 30, of the current tax year. ...................................... $ _____________
B. Prior year eligible county hospital expenditures. Enter the amount paid by the county or municipality
to maintain and operate an eligible county hospital for the period beginning on July 1, 2024 and
ending on June 30, 2025. .............................................................................. $ _____________
C. Subtract B from A and divide by Line 33 and multiply by $100. ........................................... $ __________/$100
D. Multiply B by 0.08 and divide by Line 33 and multiply by $100............................................ $ __________/$100
E. Enter the lesser of C and D, if applicable. If not applicable, enter 0. $ __________/$100
28 Tex. Tax Code §26.044
29 Tex. Tax Code §26.0441
30 Tex. Tax Code §26.0442
31 Tex. Tax Code §26.0443
0
0
0.000000
0.000000
0
0
0.000000
0.000000
0
0
0.000000
0.000000
0.000000
0
0
0.000000
0.000000
0.000000
227Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX
39.Rate adjustment for defunding municipality. This adjustment only applies to a municipality that is considered to be a defunding
municipality for the current tax year under Chapter 109, Local Government Code. Chapter 109, Local Government Code only applies to
municipalities with a population of more than 250,000 and includes a written determination by the Office of the Governor. See Tax Code
Section 26.0444 for more information.
A.Amount appropriated for public safety in the prior year. Enter the amount of money appropriated for
public safety in the budget adopted by the municipality for the preceding fiscal year...................... $ _____________
B.Expenditures for public safety in the prior year. Enter the amount of money spent by the municipality
for public safety during the preceding fiscal year ........................................................ $ _____________
C. Subtract B from A and divide by Line 33 and multiply by $100 ........................................... $ __________/$100
D.Enter the rate calculated in C. If not applicable, enter 0.$ __________/$100
40.Adjusted current year NNR M&O rate. Add Lines 34, 35D, 36D, 37E, and 38E. Subtract Line 39D.$ __________/$100
41.Adjustment for prior year sales tax specifically to reduce property taxes. Cities, counties and hospital districts that collected
and spent additional sales tax on M&O expenses in the prior year should complete this line. These entities will deduct the sales tax
gain rate for the current year in Section 3. Other taxing units, enter zero.
A.Enter the amount of additional sales tax collected and spent on M&O expenses in the prior year, if any.
Counties must exclude any amount that was spent for economic development grants from the amount
of sales tax spent ...................................................................................... $ _____________
B.Divide Line 41A by Line 33 and multiply by $100 ........................................................ $ __________/$100
C. Add Line 41B to Line 40.$ __________/$100
42.Current year voter-approval M&O rate. Enter the rate as calculated by the appropriate scenario below.
Special Taxing Unit. If the taxing unit qualifies as a special taxing unit, multiply Line 41C by 1.08.
- or -
Other Taxing Unit. If the taxing unit does not qualify as a special taxing unit, multiply Line 41C by 1.035.$ __________/$100
D42.Disaster Line 42 (D42): Current year voter-approval M&O rate for taxing unit affected by disaster declaration. 32 If the taxing
unit is located in an area declared a disaster area and at least one person is granted an exemption under Tax Code Section 11.35 for
property located in the taxing unit, the governing body may direct the person calculating the voter-approval tax rate to calculate a
rate equal to the lesser of:
A.The voter-approval tax rate calculated in the manner provided for a special taxing unit.
Multiply line 41C by 1.08 33 ............................................................................. $ __________/$100
- or -
B.The voter-approval M&O tax rate calculated in the manner provided for a taxing unit other than
a special taxing unit plus the disaster relief rate. 34 Complete Section 5 through Line 68 to complete D42(B).
a.Enter the disaster relief cost. ...................................................................... $ _____________
b.Disaster relief rate. Divide Line D42(B)(a) by Line 26 and multiply by 100 ............................ $ __________/$100
c.Add Line D42(B)(b) to Line 42....................................................................... $ __________/$100
d.Enter the current year unused increment rate from Line 68 ........................................ $ __________/$100
e Add Line D42(c) to Line D42(d)...................................................................... $ __________/$100
The taxing unit shall continue to calculate the voter-approval tax rate in this manner until the earlier of:
1) the first year in which total taxable value on the certified appraisal roll exceeds the total taxable value
of the tax year in which the disaster occurred; or
2) the third tax year after the tax year in which the disaster occurred.
C. Enter Line D42(A) if less than Line D42(B)(e). If Line D42(B)(e) is less than line D42(A), enter Line D42(B)(c). 35
If the taxing unit does not qualify, do not complete Disaster Line 42 (Line D42).
$ __________/$100
32 Te x. Tax Code §26.042
33 Tex. Tax Code §26.042(a-2)(1)
34 Tex. Tax Code §§26.042(a-1) and 26.042(a-2)(2)
35 Te x. Tax Code §26.042(a-2)
M&O and Debt Tax Rate Worksheet Amount/RateLine
Page 6For additional copies, visit: comptroller.texas.gov/taxes/property-tax
2026 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
0
0
0.000000
0.000000
0.324576
0
0.000000
0.324576
0.335936
0.000000
0
0.000000
0.000000
0.000000
0.000000
0.000000
228 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX
2026 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit:Page 7 comptroller.texas.gov/taxes/property-tax
Line M&O and Debt Tax Rate Worksheet Amount/Rate
43. Total current year debt to be paid with property taxes and additional sales tax revenue. Debt means the interest and principal that will
be paid on debts that:
(1) are paid by property taxes;
(2) are secured by property taxes;
(3) are scheduled for payment over a period longer than one year; and
(4) are not classified in the taxing unit’s budget as M&O expenses.
A. Debt also includes contractual payments to other taxing units that have incurred debts on behalf of this taxing unit, if those debts
meet the four conditions above. Include only amounts that will be paid from property tax revenue. Do not include appraisal district
budget payments. If the governing body of a taxing unit authorized or agreed to authorize a bond, warrant, certificate of obligation,
or other evidence of indebtedness on or after Sept. 1, 2021, verify if it meets the amended definition of debt before including it here. 36
Enter debt amount .................................................................................... $ _____________
B. Subtract unencumbered fund amount used to reduce total debt. ...................................... –$ _____________
C. Subtract certified amount spent from sales tax to reduce debt (enter zero if none) .................... –$ _____________
D. Subtract amount paid from other resources ............................................................ –$ _____________
E. Adjusted debt. Subtract B, C and D from A. $ _____________
44. Certified prior year excess debt collections. Enter the amount certified by the collector. 37 $ _____________
45. Adjusted current year debt. Subtract Line 44 from Line 43E. $ _____________
46. Current year anticipated collection rate.
A. Enter the current year anticipated collection rate certified by the collector. 38 .............................. ____________%
B. Enter the prior year actual collection rate. ............................................................... ____________%
C. Enter the 2024 actual collection rate. ................................................................... ____________%
D. Enter the 2023 actual collection rate. ................................................................... ____________%
E. If the anticipated collection rate in A is lower than actual collection rates in B, C and D, enter the lowest
collection rate from B, C and D. If the anticipated rate in A is higher than at least one of the rates in the
prior three years, enter the rate from A. Note that the rate can be greater than 100%. 39 ____________%
47. Current year debt adjusted for collections. Divide Line 45 by Line 46E. $ _____________
48. Current year total taxable value. Enter the amount on Line 22 of the No-New-Revenue Tax Rate Worksheet. $ _____________
49. Current year debt rate. Divide Line 47 by Line 48 and multiply by $100. $ __________/$100
50. Current year voter-approval M&O rate plus current year debt rate. Add Lines 42 and 49. $ __________/$100
D50. Disaster Line 50 (D50): Current year voter-approval M&O and debt tax rate for taxing unit affected by disaster declaration.
Complete this line if the taxing unit calculated the voter-approval M&O tax rate in the manner provided by Line D42.
Add Line D42(C) and 49. $ __________/$100
51. COUNTIES ONLY. Add together the voter-approval M&O and debt tax rates for each type of tax the county levies. The total is the current year
county voter-approval M&O and debt tax rate. $ __________/$100
36 Tex. Tax Code §26.012(7)
37 Tex. Tax Code §§26.012(10) and 26.04(b)
38 Tex. Tax Code §26.04(b))
39 Tex. Tax Code §26.04(h), (h-1) and (h-2)
21,373,298
0
0
1,933,233
19,440,065
0
19,440,065
100.00
99.22
99.10
103.70
100.00
19,440,065
11,172,448,338
0.174000
0.509936
0.000000
229Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX
2026 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 8
SECTION 3: Adjustments for Additional Sales Tax to Reduce Property Taxes
Cities, counties and hospital districts may levy a sales tax specifically to reduce property taxes. Local voters by election must approve imposing or abolishing the additional sales
tax. If approved, the taxing unit must reduce its NNR and voter-approval tax rates to offset the expected sales tax revenue.
This section should only be completed by a county, city or hospital district that is required to adjust its NNR tax rate and/or voter-approval tax rate because it adopted the
additional sales tax.
Line Additional Sales and Use Tax Worksheet Amount/Rate
52. Taxable Sales. For taxing units that adopted the sales tax in November of the prior tax year or May of the current tax year, enter
the Comptroller’s estimate of taxable sales for the previous four quarters.40 Estimates of taxable sales may be obtained through the
Comptroller’s Allocation Historical Summary webpage.
Taxing units that adopted the sales tax before November of the prior year, enter 0. $ _____________
53. Estimated sales tax revenue. Counties exclude any amount that is or will be spent for economic development grants from the amount
of estimated sales tax revenue. 41
Taxing units that adopted the sales tax in November of the prior tax year or in May of the current tax year. Multiply the amount
on Line 52 by the sales tax rate (.01, .005 or .0025, as applicable) and multiply the result by .95. 42
- or -
Taxing units that adopted the sales tax before November of the prior year. Enter the sales tax revenue for the previous four quarters.
Do not multiply by .95. $ _____________
54. Current year total taxable value. Enter the amount from Line 22 of the No-New-Revenue Tax Rate Worksheet. $ _____________
55. Sales tax adjustment rate. Divide Line 53 by Line 54 and multiply by $100. $ __________/$100
56. Current year NNR tax rate, unadjusted for sales tax.43 Enter the rate from Line 27 or 28, as applicable, on the No-New-Revenue Tax
Rate Worksheet. $ __________/$100
57. Current year NNR tax rate, adjusted for sales tax.
Taxing units that adopted the sales tax in November the prior tax year or in May of the current tax year.
Subtract Line 55 from Line 56. Skip to Line 58 if you adopted the additional sales tax before November of the prior tax year. $ __________/$100
58. Current year voter-approval tax rate, unadjusted for sales tax.44 Enter the rate from Line 50, Line D50 (disaster) or Line 51 (counties)
as applicable, of the M&O and Debt Tax Rate Worksheet. $ __________/$100
59. Current year voter-approval tax rate, adjusted for sales tax. Subtract Line 55 from Line 58. $ __________/$100
SECTION 4: Adjustment for Pollution Control
A taxing unit may raise its rate for M&O funds used to pay for a facility, device or method for the control of air, water or land pollution. This includes any land, structure, building,
installation, excavation, machinery, equipment or device that is used, constructed, acquired or installed wholly or partly to meet or exceed pollution control requirements. The
taxing unit’s expenses are those necessary to meet the requirements of a permit issued by the Texas Commission on Environmental Quality (TCEQ). The taxing unit must provide
the tax assessor with a copy of the TCEQ letter of determination that states the portion of the cost of the installation for pollution control.
This section should only be completed by a taxing unit that uses M&O funds to pay for a facility, device or method for the control of air, water or land pollution.
Line Adjustment for Pollution Control Requirements Worksheet Amount/Rate
60. Certified expenses from the Texas Commission on Environmental Quality (TCEQ). Enter the amount certified in the determination letter
from TCEQ. 45 The taxing unit shall provide its tax assessor-collector with a copy of the letter. 46 $ _____________
61. Current year total taxable value. Enter the amount from Line 22 of the No-New-Revenue Tax Rate Worksheet. $ _____________
62. Additional rate for pollution control. Divide Line 60 by Line 61 and multiply by $100. $ __________/$100
63. Current year voter-approval tax rate, adjusted for pollution control. Add Line 62 to one of the following lines (as applicable): Line 50,
Line D50 (disaster), Line 51 (counties) or Line 59 (taxing units with the additional sales tax). $ __________/$100
40 Tex. Tax Code §26.041(d)
41 Tex. Tax Code §26.041(i)
42 Tex. Tax Code §26.041(d)
43 Tex. Tax Code §26.04(c)
44 Tex. Tax Code §26.04(c)
45 Tex. Tax Code §26.045(d)
46 Tex. Tax Code §26.045(i)
0
0
11,172,448,338
0.000000
0.500622
0.500622
0.509936
0.509936
0
11,172,448,338
0.000000
0.509936
230 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX
2026 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 9
SECTION 5: Unused Increment Rate
The unused increment rate is the rate equal to the sum of the prior 3 years Foregone Revenue Amounts divided by the current taxable value. 47 The Foregone Revenue Amount
for each year is equal to that year’s adopted tax rate subtracted from that year’s voter-approval tax rate adjusted to remove the unused increment rate multiplied by that year’s
current total value. 48
The difference between the adopted tax rate and adjusted voter-approval tax rate is considered zero in the following scenarios:
• a tax year in which a taxing unit affected by a disaster declaration calculates the tax rate under Tax Code Section 26.042; 49
• a tax year in which the municipality is a defunding municipality, as defined by Tax Code Section 26.0501(a); 50 or
• after Jan. 1, 2022, a tax year in which the comptroller determines that the county implemented a budget reduction or reallocation described by Local Government
Code Section 120.002(a) without the required voter approval. 51
This section should only be completed by a taxing unit that does not meet the definition of a special taxing unit. 52
Line Unused Increment Rate Worksheet Amount/Rate
64. Year 3 Foregone Revenue Amount. Subtract the 2025 unused increment rate and 2025 actual tax rate from the 2025 voter-approval
tax rate. Multiply the result by the 2025 current total value
A. Voter-approval tax rate (Line 69) .....................................................................................................
B. Unused increment rate (Line 68) .....................................................................................................
C. Subtract B from A ...................................................................................................................
D. Adopted Tax Rate ...................................................................................................................
E. Subtract D from C ...................................................................................................................
F. 2025 Total Taxable Value (Line 61) ....................................................................................................
G. Multiply E by F and divide the results by $100. If the number is less than zero, enter zero. ...............................................
$ __________/$100
$ __________/$100
$ __________/$100
$ __________/$100
$ __________/$100
$ _____________
$ _____________
65. Year 2 Foregone Revenue Amount. Subtract the 2024 unused increment rate and 2024 actual tax rate from the 2024 voter-approval
tax rate. Multiply the result by the 2024 current total value
A. Voter-approval tax rate (Line 68) .....................................................................................................
B. Unused increment rate (Line 67) .....................................................................................................
C. Subtract B from A ...................................................................................................................
D. Adopted Tax Rate ...................................................................................................................
E. Subtract D from C ...................................................................................................................
F. 2024 Total Taxable Value (Line 60) ....................................................................................................
G. Multiply E by F and divide the results by $100. If the number is less than zero, enter zero. ...............................................
$ __________/$100
$ __________/$100
$ __________/$100
$ __________/$100
$ __________/$100
$ _____________
$ _____________
66. Year 1 Foregone Revenue Amount. Subtract the 2023 unused increment rate and 2023 actual tax rate from the 2023 voter-approval
tax rate. Multiply the result by the 2023 current total value
A. Voter-approval tax rate (Line 67) .....................................................................................................
B. Unused increment rate (Line 66) .....................................................................................................
C. Subtract B from A ...................................................................................................................
D. Adopted Tax Rate ...................................................................................................................
E. Subtract D from C ...................................................................................................................
F. 2023 Total Taxable Value (Line 60) ....................................................................................................
G. Multiply E by F and divide the results by $100. If the number is less than zero, enter zero. ...............................................
$ __________/$100
$ __________/$100
$ __________/$100
$ __________/$100
$ __________/$100
$ _____________
$ _____________
67. Total Foregone Revenue Amount. Add Lines 64G, 65G and 66G $ __________________
68. 2026 Unused Increment Rate. Divide Line 67 by Line 22 of the No-New-Revenue Rate Worksheet. Multiply the result by 100 $ __________/$100
69. Total 2026 voter-approval tax rate. Add Line 68 to one of the following lines (as applicable): Line 50, Line D50 (only if Line D42(B)
was used), Line 51 (counties), Line 59 (taxing units with additional sales tax) or Line 63 (taxing units with pollution) $ __________/$100
47 Tex. Tax Code §26.013(b)
48 Tex. Tax Code §26.013(a)(1-a), (1-b), and (2)
49 Tex. Tax Code §§26.04(c)(2)(A) and 26.042(a)
50 Tex. Tax Code §26.0501(a) and (c)
51 Tex. Local Gov’t Code §120.007(d)
52 Tex. Local Gov’t Code §26.04(c)(2)(B)
0.505000
0.000000
0.505000
0.505000
0.000000
10,529,913,043
0
0.522075
0.017075
0.505000
0.505000
0.000000
9,365,511,347
0
0.510000
0.017336
0.492664
0.510000
-0.017336
8,140,263,860
0
0
0.000000
0.509936
231Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX
2026 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 10
SECTION 6: De Minimis Rate
The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate, the rate that will raise $500,000, and the current debt rate for a taxing unit. 53
This section should only be completed by a taxing unit that is a municipality of less than 30,000 or a taxing unit that does not meet the definition of a special taxing unit. 54
Line De Minimis Rate Worksheet Amount/Rate
70. Adjusted current year NNR M&O tax rate. Enter the rate from Line 40 of the M&O and Debt Tax Rate Worksheet. $ __________/$100
71. Current year total taxable value. Enter the amount on Line 22 of the No-New-Revenue Tax Rate Worksheet. $ _____________
72. Rate necessary to impose $500,000 in taxes. Divide $500,000 by Line 71 and multiply by $100. $ __________/$100
73. Current year debt rate. Enter the rate from Line 49 of the M&O and Debt Tax Rate Worksheet. $ __________/$100
74. De minimis rate. Add Lines 70, 72 and 73. $ __________/$100
SECTION 7: Adjustment for Emergency Revenue Rate
In the tax year after the end of the disaster calculation time period detailed in Tax Code Section 26.042(a), a taxing unit that calculated its voter-approval tax rate in the manner
provided for a special taxing unit due to a disaster must calculate its emergency revenue rate and reduce its voter-approval tax rate for that year. 55
This section will apply to a taxing unit other than a special taxing unit that:
• directed the designated officer or employee to calculate the voter-approval tax rate of the taxing unit in the manner provided for a special taxing unit in the prior year; and
• the current year is the first tax year in which the total taxable value of property taxable by the taxing unit as shown on the appraisal roll for the taxing unit submitted by the
assessor for the taxing unit to the governing body exceeds the total taxable value of property taxable by the taxing unit on January 1 of the tax year in which the disaster
occurred or the disaster occurred four years ago.
Note: This section does not apply if a taxing unit is continuing to calculate its voter-approval tax rate in the manner provided for a special taxing unit because it is still within the
disaster calculation time period detailed in Tax Code Section 26.042(a) because it has not met the conditions in Tax Code Section 26.042(a)(1) or (2).
Line Emergency Revenue Rate Worksheet Amount/Rate
75. 2025 adopted tax rate. Enter the rate in Line 4 of the No-New-Revenue Tax Rate Worksheet. $ __________/$100
76. Adjusted 2025 voter-approval tax rate. Use the taxing unit’s Tax Rate Calculation Worksheets from the prior year(s) to complete this line. 56
If a disaster occurred in 2025 and the taxing unit calculated its 2025 voter-approval tax rate using a multiplier of 1.08 on Disaster Line 42 (D42)
of the 2025 worksheet due to a disaster, complete the applicable sections or lines of Form 50-856-a, Adjusted Voter-Approval Tax Rate for Taxing
Units in Disaster Area Calculation Worksheet.
- or -
If a disaster occurred prior to 2025 for which the taxing unit continued to calculate its voter-approval tax rate using a multiplier of 1.08 on
Disaster Line 42 (D42) in 2025, complete form 50-856-a, Adjusted Voter-Approval Tax Rate for Taxing Units in Disaster Area Calculation Worksheet to
recalculate the voter-approval tax rate the taxing unit would have calculated in 2025 if it had generated revenue based on an adopted tax rate
using a multiplier of 1.035 in the years following the disaster. 57 Enter the final adjusted 2025 voter-approval tax rate from the worksheet. $ __________/$100
77. Increase in 2025 tax rate due to disaster. Subtract Line 76 from Line 75. $ __________/$100
78. Adjusted 2025 taxable value. Enter the amount in Line 14 of the No-New-Revenue Tax Rate Worksheet. $ _____________
79. Emergency revenue. Multiply Line 77 by Line 78 and divide by $100. $ _____________
80. Adjusted current year taxable value. Enter the amount in Line 26 of the No-New-Revenue Tax Rate Worksheet. $ _____________
81. Emergency revenue rate. Divide Line 79 by Line 80 and multiply by $100. 58 $ __________/$100
82. Current year voter-approval tax rate, adjusted for emergency revenue. Subtract Line 81 from one of the following lines (as applicable):
Line 50, Line D50 (disaster), Line 51 (counties), Line 59 (taxing units with the additional sales tax), Line 63 (taxing units with pollution control) or
Line 69 (taxing units with the unused increment rate). $ __________/$100
53 Tex. Tax Code §26.012(8-a)
54 Tex. Tax Code §26.063(a)(1)
55 Tex. Tax Code §26.042(b)
56 Tex. Tax Code §26.042(c)
57 Tex. Tax Code §26.042(b)
58 Tex. Tax Code §26.042(b)
0.000000
0
0.000000
0.000000
0.000000
0.505000
0.000000
0.000000
10,411,891,921
0
10,565,207,160
0.000000
0.509936
232 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX
2026 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 11
SECTION 8: Total Tax Rate
Indicate the applicable total tax rates as calculated above.
No-new-revenue tax rate. ................................................................................................................
As applicable, enter the current year NNR tax rate from: Line 27, Line 28 (counties), or Line 57 (adjusted for sales tax).
Indicate the line number used: ______
Voter-approval tax rate ...................................................................................................................
As applicable, enter the current year voter-approval tax rate from: Line 50, Line D50 (disaster), Line 51 (counties), Line 59 (adjusted for sales tax),
Line 63 (adjusted for pollution control), Line 69 (adjusted for unused increment), or Line 82 (adjusted for emergency revenue).
Indicate the line number used: ______
De minimis rate. ..........................................................................................................................
If applicable, enter the current year de minimis rate from Line 74.
$ __________/$100
$ __________/$100
$ __________/$100
SECTION 9: Addendum
An affected taxing unit that enters an amount described by Tax Code Section 26.012(6)(C) in line 21 must include the following as an addendum:
1. Documentation that supports the exclusion of value under Tax Code Section 26.012(6)(C); and
2. Each statement submitted to the designated officer or employee by the property owner or entity as required by Tax Code Section 41.48(c)(2) for that tax year.
Insert hyperlinks to supporting documentation:
SECTION 10: Taxing Unit Representative Name and Signature
Enter the name of the person preparing the tax rate as authorized by the governing body of the taxing unit. By signing below, you certify that you are the designated officer or
employee of the taxing unit and have accurately calculated the tax rates using values that are the same as the values shown in the taxing unit’s certified appraisal roll or certified
estimate of taxable value, in accordance with requirements in the Tax Code. 59
____________________________________________________________
Printed Name of Taxing Unit Representative
____________________________________________________________ ________________________________________
Taxing Unit Representative Date
59 Tex. Tax Code §26.04(c-2) and (d-2)
0.500622
27
0.509936
50
0.000000
Jayna Dean
8/07/2026
233Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX
Captured Appraised Value Adjustment
Supplemental Worksheet
___________________________________________________________________________
Taxing Unit Name
_________________________________
Phone Number (area code and number)
______________________________________________________________________________________________________________
Taxing Unit’s Address, City, State, ZIP Code
__________________________________________________________________________________________
Taxing Unit’s Website Address
2026______________
Current Tax Year
Page _____ of _____
Taxing units must include a hyperlink to a document that evidences the accuracy of each entry in the worksheet other than an entry making a mathematical calculation.1
Source materials must contain data for all worksheets used, including supplemental worksheets.
Insert hyperlink:
GENERAL INFORMATION: To calculate the no-new-revenue tax rate, taxing units must deduct the current year captured appraised value of taxable property in a tax increment
reinvestment zone (TIRZ) for which the current year taxes will be deposited into a tax increment financing (TIF) fund. A taxing unit that has a tax rate calculation affected by
captured appraised value must calculate the taxable value adjustments separately for each reinvestment zone for the current tax year.2
SECTION 1: Current Year Captured Appraised Value Adjustment
TIRZ Name
Enter the name of each zone or subzone .
Captured Appraised Value
Enter the current year captured appraised value of taxable property in each zone for
which taxes will be deposited into a TIF fund. Do not include any new property value.3
Total Captured Appraised Value
Add all the values in the Captured Appraised Value column and enter the total on Line 18D on Form
50-856. If you used more than one page, total the values across all pages on Line 18D on Form 50-856.
1 Tex. Tax Code §§5.07(g)(4) and 26.04(d-1)
2 Tex. Tax Code §26.03(e)
3 Tex. Tax Code §26.03(c)
Form 50-110
Form developed by: Texas Comptroller of Public Accounts, Property Tax Assistance Division For additional copies, visit: comptroller.texas.gov/taxes/property-tax
50-110 • 02-26/1
1 1
Town of Prosper 972-346-2640
250 W. First Street, Prosper, TX 75078
www.prospertx.gov
https://api.collincountytx.gov/DocAPI-TruthInTaxationProxy/Document/41391571/Raw
Prosper TIRZ #1 294,669,722.00
Prosper TIRZ #2 28,436,062.00
323,105,784.00
234 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIX
235Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXGlossary
Accounting System: The total structure of records and procedures which discover, record, classify,
and report information on the financial position and operations of a governmental unit or any of its
funds, balanced account groups, and organizational components. Sometimes referred to as Chart of
Accounts and/or Account Classification System.
Accounts Receivable: Amounts owing on open account from private persons, firms, or corporations
for goods and services furnished by a governmental unit (but not including amounts due from other
funds of the same governmental unit).
Accrual Basis: The basis of accounting under which revenues are recorded when earned and expendi-
tures are recorded as soon as they result in liabilities for benefits received, notwithstanding that the
receipt of the revenue or the payment of the expenditure may take place, in whole or in part, in another
accounting period. See also Accrue and Levy.
Accrue: To record revenues when earned and to record expenditures as soon as they result in liabilities
for benefits received, notwithstanding that the receipt of the revenue or payment of the expenditure
may take place, in whole or in part, in another accounting period. See also Accrual Basis, Accrued
Expenses, and Accrued Revenue.
Accrued Expenses: Expenses incurred during the current account period but which are not payable
until a subsequent accounting period. See also Accrual Basis and Accrue.
Accrued Interest on Investments Purchased: Interest accrued on investments between the last interest
payment date and the date of purchase. The account is carried as an asset until the first interest
payment date after date of purchase. At that time an entry is made debiting cash and crediting the
Accrued Interest on Investments Purchased account for the amount of interest purchased and an
Interest Earnings account for the balance.
Accrued Interest Payable: A liability account which represents the amount of interest accrued at the
balance sheet date but which is not due until a later date.
Accrued Revenue: Revenue earned during the current accounting period but which is not collected
until a subsequent accounting period. See also Accrual Basis and Accrue.
Activity: A specific and distinguishable line of work performed by one or more organizational components
of a governmental unit for the purpose of accomplishing a function for which the governmental unit is
responsible. For example, “Code Enforcement” is an activity performed in the discharge of the “Public
Safety” function. See also Function.
Activity Classification: A grouping of expenditures on the basis of specific lines of work performed
by organization units.
Ad Valorem: In proportion to value. A basis for levy of taxes upon property.
Allocate: To divide a lump-sum appropriation into parts which are designated for expenditure by specific
organization units and/or for specific purposes, activities, or objects. See also Allocation.
Allocation: A part of a lump-sum appropriation which is designated for expenditure by specific
organization units and/or for special purposes, activities, or objects. See also Allocate.
Allot: To divide an appropriation into amounts which may be encumbered or expended during an
allotment period. See also Allotment and Allotment Period.
236 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXAllotment: A part of an appropriation which may be encumbered or expended during an allotment
period. See also Allot and Allotment Period.
Allotment Period: A period of time less than one fiscal year in length during which an allotment is
effective. Bimonthly and quarterly allotment periods are most common. See also Allot and Allotment.
Appraisal: (1) The act of appraising. See Appraise. (2) The estimated value resulting from such action.
Appraise: To make an estimate of value, particularly of the value of property.
Note: If the property is valued for purposes of taxation, the less inclusive term “assess” is substituted
for the above term.
Appropriation: An authorization granted by a legislative body to make expenditures and to incur
obligations for specific purposes. An appropriation is limited in amount to the time it may be expended.
Arbitrage: The reinvestment of the proceeds of tax-exempt securities in materially higher-yielding
taxable securities.
Assess: To value property officially for the purpose of taxation.
Note: The term is also sometimes used to denote the levy of taxes, but such usage is not correct
because it fails to distinguish between the valuation process and the tax levy process.
Assessed Valuation: A valuation set upon real estate or other property by a government as a basis
for levying taxes.
Assessment: (1) The process of making the official valuation of property for purposes of taxation. (2)
The valuation placed upon property as a result of this process.
Assessment Roll: In the case of real property, the official list containing the legal description of each
parcel of property and its assessed valuation. The name and address of the last known owner are
also usually shown. In the case of personal property, the assessment roll is the official list containing
the name and address of the owner, a description of the personal property, and its assessed value.
Assets: Property owned by a governmental unit, which has a monetary value.
Audit: The examination of documents, records, reports, systems of internal control, accounting and
financial procedures, and other evidence for one or more of the following purposes:
a) To ascertain whether the statements prepared from the accounts present fairly the financial
position and the results of financial operations of the constituent funds and balanced account
groups of the governmental unit in accordance with generally accepted accounting principals
applicable to governmental units and on a basis consistent with that of the preceding year.
b) To determine the propriety, legality, and mathematical accuracy of a governmental unit’s financial
transactions.
c) To ascertain the stewardship of public officials who handle and are responsible for the financial
resources of a governmental unit.
237Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXAudit Report: The report prepared by an auditor covering the audit or investigation made by him or
her. As a rule, the report should include:
a) a statement of the scope of the audit;
b) explanatory comments (if any) concerning exceptions by the auditor as to application of generally
accepted auditing standards;
c) opinions;
d) explanatory comments (if any) concerning verification procedures;
e) financial statements and schedules; and
f) sometimes statistical tables, supplementary comments, and recommendations. The auditor’s
signature follows item (c) or (d).
Balanced Budget: Annual financial plan in which expenses do not exceed revenues.
Balance Sheet: A statement which discloses the assets, liabilities, reserves, and equities of a fund or
governmental unit at a specified date, properly classified to exhibit financial position of the fund or
unit at that date.
Note: If a single balance sheet is prepared for several funds, it must be in columnar or sectional form
so as to exhibit the accounts of each fund and balanced account group, individually.
Bond: A written promise, generally under seal, to pay a specified sum of money, called the face value
or principal amount, at a fixed time in the future, called the date of maturity, and carrying interest at a
fixed rate, usually payable periodically.
Note: The difference between a note and a bond is that the latter usually runs for a longer period of
time and requires greater legal formality.
Bond Fund: A fund formerly used to account for the proceeds of general obligation bond issues. Such
proceeds are now accounted for in a Capital Projects Fund.
Bond Ordinance or Resolution: An ordinance or resolution authorizing a bond issue.
Bonded Debt: The portion of indebtedness represented by outstanding bonds.
Bonds Authorized and Un-issued: Bonds which have been legally authorized but not issued and which
can be issued and sold without further authorization.
Note: This term should not be confused with the term “margin of borrowing power” or “legal debt
margin,” either one of which represents the difference between the legal debt limit of a governmental
unit and the debt outstanding against it.
Bonds Issued: Bonds sold.
Budget: A plan of financial operation embodying an estimate of proposed expenditures for a given
period and the proposed means of financing them. Used without any modifier, the term usually indicates
a financial plan for a single fiscal year.
Note: The term “budget” is used in two senses in practice. Sometimes it designates the financial plan
presented to the appropriating body for adoption and sometimes the plan finally approved by that
body. It is usually necessary to specify whether the budget under consideration is preliminary and
238 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXtentative or whether it has been approved by the appropriating body. See also Current Budget, Capital
Budget, and Capital Program.
Budget Document: The instrument used by the budget-making authority to present a comprehensive
financial program to the appropriating body. The budget document usually consists of three parts.
The first part contains a message from the budget-making authority, together with a summary of the
proposed expenditures and the means of financing them. The second part consists of schedules
supporting the summary. These schedules show in detail the information as to past years’ actual
revenues, expenditures, and other data used in making the estimates. The third part is composed of
drafts of the appropriation, revenue, and borrowing measures necessary to put the budget into effect.
Budget Message: A general discussion of the proposed budget as presented in writing by the
budget-making authority to the legislative body. The budget message should contain an explanation
of the principal budget items, an outline of the governmental unit’s experience during the past period
and its financial status at the time of the message, and recommendations regarding the financial
policy for the coming period.
Budgetary Accounts: Those accounts which reflect budgetary operations and condition, such as
estimated revenues, appropriations, and encumbrances, as distinguished from proprietary accounts.
See also Proprietary Accounts.
Budgetary Control: The control or management of a governmental unit or enterprise in accordance
with an approved budget for the purpose of keeping expenditures within the limitation of available
appropriations and available revenues.
Capital Budget: A plan of proposed capital outlays and the means of financing them for the current
fiscal period. It is usually a part of the current budget. If a Capital Program is in operation, it will be the
first year thereof. A Capital Program is sometimes referred to as a Capital Budget. See also Capital
Program.
Capital Expenditures: See Capital Outlays.
Capital Improvement Program: See Capital Program.
Capital Outlays: Expenditures in excess of $5,000 which result in the acquisition of or addition to
fixed assets.
Capital Program: A plan for capital expenditures to be incurred each year over a fixed 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 a part and specifies the full
resources estimated to be available to finance the projected expenditures.
Capital Projects Fund: A fund created to account for financial resources to be used for the acquisition
or construction of major capital facilities and/or designated fixed assets (other than those financed
by special assessment, trust, special revenue, and enterprise funds). See also Bond Fund.
Cash: Currency, coin, checks, postal and express money orders, and bankers’ drafts, on hand or on
deposit with an official or agent designated as custodian of cash and bank deposits.
Cash Basis: The basis of accounting under which revenues are recorded when received in cash and
expenditures are recorded when paid.
Chart of Accounts: The classification system used to organize the accounting for various funds.
239Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXClearing Account: An account used to accumulate total charges or credits for the purpose of distributing
them later among the accounts to which they are allocated or for the purpose of transferring the net
differences to the proper account.
Coding: A system of numbering or otherwise designating accounts, entries, invoices, vouchers, etc., in
such a manner that the symbol used quickly reveals certain required information. See also Symbolization.
Combination Bond: A bond issued by a governmental unit which is payable from the revenues of a
governmental enterprise, but which is also backed by the full faith and credit of the governmental unit.
Combined Balance Sheet: A single balance sheet which displays the individual balance sheets of each
class of funds and the balanced account groups of a governmental unit in separate, adjacent columns.
Note: There are no interfund elimination or consolidations in a combined balance sheet for a governmental
unit.
Contingent Fund: Assets or other resources set aside to provide for unforeseen expenditures or for
anticipated expenditures of uncertain amounts.
Note: The term should not be used to describe a reserve for contingencies. The latter is set aside out
of the fund balance of a fund but does not constitute a separate fund. Similarly, an appropriation is
not a fund.
Coverage: See Net Revenue Available for Debt Service.
Current: A term which, when applied to budgeting and accounting, designates the operations of the
present fiscal period as opposed to past or future periods.
Current Budget: The annual budget prepared for and effective during the present fiscal year; or, in the
case of some state governments, the budget for the present biennium.
Current Funds: Funds the resources of which are expended for operating purposes during the current
fiscal period. In its usual application in plural form, it refers to General, Special Revenue, Debt Service,
and Enterprise Funds of a governmental unit. In the singular form, the current fund is synonymous
with the general fund. See also General Fund.
Current Liabilities: Liabilities which are payable within a relatively short period of time, usually no
longer than a year.
Current Revenue: Revenues of a governmental unit that are available to meet expenditures of the
current fiscal year. See Revenue.
Current Taxes: (1) Taxes levied and becoming due during the current fiscal period, from the time the
amount of the tax levy is first established to the date on which a penalty for nonpayment is attached.
(2) Taxes levied in the preceding fiscal period but becoming due in the current fiscal period, from the
time they become due until a penalty for nonpayment is attached.
Current Year’s Tax Levy: Taxes levied for the current fiscal period.
Data Processing: (1) The preparation and handling of information and data from source media through
prescribed procedures to obtain such end results as classification, problem solution, summarization,
and reports. (2) Preparation and handling of financial information wholly or partially by mechanical
or electronic means. See also Electronic Data Processing (EDP).
240 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXDebt: An obligation resulting from the borrowing of money or from the purchase of goods and services.
Debts of governmental units include bonds, time warrants, notes, and floating debt. See also Bond,
Notes Payable, Long-Term Debt, and General Long-Term Debt.
Debt Limit: The maximum amount of gross or net debt that is legally permitted.
Debt Service Fund: A fund established to finance and account for the payment of interest and principal
on all general obligation debt, serial and term, other than that payable exclusively from special
assessments and revenue debt issued for and serviced by a governmental enterprise. Formally called
a Sinking Fund.
Debt Service Fund Requirements: The amounts of revenue which must be provided for a debt service
fund so that all principal and interest payments can be made in full on schedule.
Deficit: (1) The excess of the liabilities and reserves of a fund over its assets. (2) The excess of expendi-
tures over revenues during an accounting period; or, in the case of Enterprise and Intragovernmental
Service Funds, the excess of expense over income during an accounting period.
Delinquent Taxes: Taxes remaining unpaid on and after the date on which a penalty for nonpayment
is attached. Even though the penalty may be subsequently waived and a portion of the taxes may be
abated or canceled, the unpaid balances continue to be delinquent taxes until abated, canceled, paid,
or converted into tax liens.
Note: The term is sometimes limited to taxes levied for the fiscal period or periods preceding the
current one, but such usage is not entirely correct. See also Current Taxes, Current Year’s Tax Levy,
and Prior Years’ Tax Levies.
Deposit: (1) Money placed with a banking or other institution, or with a person either as a general
deposit subject to check or as a special deposit made for some specified purpose. (2) Securities lodged
with a banking or other institution or with a person for some particular purpose. (3) Sums deposited
by customers for electric meters, water meters, etc., and by contractors and others to accompany
and guarantee their bids.
Depreciation: (1) Expiration of the service life of fixed assets, other than wasting assets, attributable
to wear and tear through use and lapse of time, obsolescence, inadequacy, or other physical elements
for functional causes. (2) The portion of the cost of a fixed asset charged as an expense during a
particular period.
Note: The cost of a fixed asset is prorated over the estimated service life of such asset and each
period is charged with part of such cost so that ultimately the entire cost of the asset is charged off
as an expense. In governmental accounting, depreciation may be recorded in proprietary funds and
trust funds where expenses, net income, and/or capital maintenance are measured.
Direct Debt: The debt that a governmental unit has incurred in its own name, or assumed through the
annexation of territory or consolidation with another governmental unit. See also Overlapping Debt.
Direct Expense: Those expenses which can be charged directly as a part of the cost of a product or
service, or of a department or operating unit, as distinguished from overhead and other indirect costs
which must be prorated among several products or services, departments, or operating units.
Due to Fiscal Agent: Amounts due to fiscal agents, such as commercial banks, for servicing a
governmental unit’s maturing interest and principal payments on indebtedness.
241Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXEffective Interest Rate: The rate of earning on a bond investment based on the actual price paid for
the bond, the coupon rate, the maturity date, and the length of time between interest dates, in contrast
with the nominal interest rate.
Electronic Data Processing (EDP): Data processing by means of high-speed electronic equipment.
See also Data Processing.
Encumbrances: Obligations in the form of purchase orders, contracts, or salary commitments which
are chargeable to an appropriation and for which a part of the appropriation is reserved. They cease
to be encumbrances when paid or when the actual liability is set up.
Enterprise Debt: Debt that is to be retired primarily from the earnings of publicly owned and operated
enterprises. See also Revenue Bonds.
Enterprise Fund: A fund established to finance and account for the acquisition, operation, and
maintenance of governmental facilities and services that are entirely or predominantly self-supporting
by user charges.
Examples of enterprise funds are those for water, gas, and electric utilities, swimming pools, airports,
parking garages, and transit systems.
Equipment: Tangible property of a more or less permanent nature (other than land, buildings, or
improvements other than buildings) which is useful in carrying on operations. Examples are machinery,
tools, trucks, cars, furniture, and furnishings.
Estimated Revenue: For revenue accounts kept on an accrual basis, this term designates the amount of
revenue estimated to accrue during a given period regardless of whether or not it is all to be collected
during the period. For revenue accounts kept on a cash basis, the term designates the amount of revenue
estimated to be collected during a given period. Under the modified accrual basis recommended for
some funds by the Governmental Accounting Standards Board, estimated revenues include both cash
and accrual basis revenues. See also Cash Basis, Accrual Basis, and Modified Accrual Basis.
Expenditures: Where the accounts are kept on the accrual basis or the modified accrual basis, this
term designates the cost of goods delivered or services rendered, whether paid or unpaid, including
expenses, provision for debt retirement not reported as a liability of the fund from which retired, and
capital outlays. Where the accounts are kept on the cash basis, the term designates only actual cash
disbursements for these purposes.
Note: Encumbrances are not expenditures.
Expenses: Charges incurred, whether paid or unpaid, for operation, maintenance, interest, and other
charges which are presumed to benefit the current fiscal period.
Note: Legal provisions sometimes make it necessary to treat charges whose benefits extend over
future periods as expenses. For example, purchase of materials and supplies which may be used over
a period of more than one year and payments for insurance which is to be in force for a period longer
than one year frequently must be charged in their entirety to the appropriation of the year in which
they are incurred and classified as expenses of that year, even though their benefits extend also to
other periods.
Fiduciary Fund Types: The trust and agency funds used to account for assets held by a government
unit in a trustee capacity or as an agent for individuals, private organizations, other government units
and/or other funds.
242 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXFiscal Period: Any period at the end of which a governmental unit determines its financial position
and the results of its operations.
Fiscal Year: A twelve-month period of time to which the annual budget applies and at the end of which
a governmental unit determines its financial position and the results of its operations.
Fixed Assets: Assets of a long-term character which are intended to continue to be held or used, such
as land, buildings, machinery, furniture, and other equipment.
Note: The term does not indicate the immobility of an asset, which is the distinctive character of “fixture.”
Fixed Charges: Expenses (the amount of which is set by agreement). Examples are interest, insurance,
and contributions to pension funds.
Fixtures: Attachments to buildings that are not intended to be removed and which cannot be removed
without damage to the latter.
Note: Those fixtures with a useful life presumed to be as long as that of the building itself, are considered
a part of such building; all others are classified as equipment.
Force Account Method: A method employed in the construction and/or maintenance of fixed assets
whereby a governmental unit’s own personnel are used instead of an outside contractor.
Note: This method also calls for the purchase of materials by the governmental unit and the possible
use of its own equipment, but the distinguishing characteristic of the force account method is the
use of the unit’s own personnel.
Franchise: A special privilege granted by a government permitting the continuing use of public property,
such as city streets, and usually involving the elements of monopoly and regulation.
FTE (Full-Time Equivalent): A term used when developing personal services budgets; 2,080 hours
worked annually equates to 1.0 full-time equivalent (FTE) position.
Full Faith and Credit: A pledge of the general taxing power for the payment of debt obligations.
Note: Bonds carrying such pledges are usually referred to as general obligation bonds or full faith and
credit bonds.
Function: A group of related activities aimed at accomplishing a major service or regulatory program
for which the Town is responsible. For example, public safety is a function.
Functional Classification: A grouping of expenditures on the basis of the principal purposes for
which they are made. Examples are public safety, public health, public welfare, etc. See also Activity
Classification and Object Classification.
Fund: An independent fiscal and accounting entity with a self-balancing set of accounts recording
cash and/or other resources, together with all related liabilities, obligations, reserves, and equities
which are segregated for the purpose of carrying on specific activities or attaining certain objectives
in accordance with special regulations, restrictions, or limitations.
Fund Accounts: All accounts necessary to set forth the financial operations and financial condition
of a fund. Note: Sometimes the term is used to denote budgetary accounts as distinguished from
proprietary accounts, but such usage is not recommended.
243Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXFund Balance: The excess of the assets of a fund over its liabilities and reserves, except in the case
of funds subject to budgetary accounting where, prior to the end of a fiscal period, it represents the
excess of the fund’s assets and estimated revenues for the period over its liabilities, reserves, and
appropriations for the period.
Fund Balance Sheet: A balance sheet for a single fund. See Fund and Balance Sheet.
Fund Group: A group of funds that are similar in purpose and character. For example, several special
revenue funds constitute a fund group.
Funding: The conversion of floating debt or time warrants into bonded debt.
Funding Bonds: Bonds issued to retire outstanding floating debt and to eliminate deficits.
General Audit: An audit made at the close of a normal accounting period, which covers all of the
funds and balanced account groups of a governmental unit. Such audits may involve some detailed
verification, as determined by the professional judgment of the auditor, but usually they are based on
appropriate tests and checks. See also Special Audit.
General Fixed Assets: Those fixed assets of a governmental unit that are not accounted for in Enterprise,
Trust, or Intragovernmental Service Funds.
General Fixed Assets Group of Accounts: A self-balancing group of accounts set up to account for
the general fixed assets of a governmental unit. See General Fixed Assets.
General Fund: A fund used to account for all transactions of a governmental unit that are not accounted
for in another fund.
Note: The General Fund is used to account for the ordinary operations of a governmental unit that are
financed from taxes and other general revenues.
General Long-Term Debt: Long-term debt legally payable from general revenues and backed by the
full faith and credit of a governmental unit. See Long-Term Debt.
General Obligation Bonds: Bonds for whose payment the full faith and credit of the issuing body are
pledged. More commonly, but not necessarily, general obligation bonds are considered to be those
payable from taxes and other general revenues. See also Full Faith and Credit.
General Revenue: The revenues of a governmental unit other than those derived from and retained in
an enterprise.
Note: If a portion of the net income in an enterprise fund is contributed to another non-enterprise fund,
such as the General Fund, the amounts transferred constitute general revenue of the governmental unit.
Goal: A statement of broad direction, purpose or intent based on the need of the community. A goal
is general and timeless; that is, it is not concerned with a specific achievement in a given period.
Governmental Accounting: The composite activity of analyzing, recording, summarizing, reporting,
and interpreting the financial transactions of governmental units and agencies.
Governmental Fund Types: Funds used to account for the acquisition, use and balances of expendable
financial resources and the related current liabilities - except those accounted for in proprietary funds
and fiduciary funds. In essence, these funds are accounting segregations of financial resources.
Expendable assets are assigned to a particular governmental fund type according to the purposes for
which they may or must be used. Current liabilities are assigned to the fund type from which they are to
244 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXbe paid. The difference between the assets and liabilities of governmental fund types is referred to as
fund balance. The measurement focus in these fund types is on the determination of financial position
and changes in financial position (sources, uses and balances of financial resources), rather than on
net income determination. The statement of revenues, expenditures and changes in fund balance is
the primary governmental fund type operating statement. It may be supported or supplemented by
more detailed schedules of revenues, expenditures, transfers and other changes in fund balance.
Grant: A contribution by one governmental unit to another. The contribution is usually made to aid in
the support of a specified function (for example, public safety), but it is sometimes also for general
purposes.
Gross Bonded Debt: The total amount of direct debt of a governmental unit represented by outstanding
bonds before deduction of any assets available and earmarked for their retirement. See also Direct Debt.
Improvements: Buildings, other structures, and other attachments or annexations to land which are
intended to remain so attached or annexed, such as sidewalks, trees, drives, tunnels, drains, and sewers.
Note: Sidewalks, curbing, sewers, and highways are sometimes referred to as “betterments,” but the
term improvements other than buildings is preferred.
Improvements Other Than Buildings: A fixed asset account that reflects the acquisition value of
permanent improvements, other than buildings, which add value to land. Examples of such improvements
are fences, retaining walls, sidewalks, pavements, gutters, tunnels, and bridges. If the improvements
are purchased or constructed, this account contains the purchase or contract price. If improvements
are obtained by gift, it reflects the appraised value at time of acquisition.
Income: A term used in accounting for governmental enterprises to represent the excess of revenues
earned over the expenses incurred in carrying on the enterprise’s operations. It should not be used
without an appropriate modifier, such as Operating, Non-operating, or Net.
Note: The term Income should not be used in lieu of Revenue in non-enterprise funds.
Interfund Accounts: Accounts in which transactions between funds are reflected. See Interfund Transfers.
Interfund Transfers: Amounts transferred from one fund to another.
Intergovernmental Revenues: Revenue received from other governments in the form of grants, shared
revenues, or payments in lieu of taxes.
Interim Borrowing: (1) Short-term loans to be repaid from general revenues during the course of a
fiscal year. (2) Short-term loans in anticipation of tax collections or bond issuance.
Internal Control: A plan of organization under which employees’ duties are so arranged and records
and procedures so designed as to make it possible to exercise effective accounting control over assets,
liabilities, revenues, and expenditures. Under such a system, the work of employees is subdivided so
that no single employee performs a complete cycle of operations. Thus, for example, an employee
handling cash would not post the accounts receivable records. Moreover, under such a system, the
procedures to be followed are definitely laid down and require proper authorizations by designated
officials for all actions to be taken.
Internal Service Fund: A fund established to finance and account for services and commodities
furnished by a designated department or agency to other departments and agencies within a single
governmental unit.
245Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXAmounts expended by the fund are restored thereto either from operating earnings or by transfers
from other funds, so that the original fund is kept intact.
Inventory: A detailed list showing quantities, descriptions, and values of property, and frequently also
lists units of measure and unit prices.
Inventory of Supplies: The cost value of supplies on hand.
Investments: Securities and real estate held for the production of income in the form of interest,
dividends, rentals, or lease payments. The term does not include fixed assets used in Town operations.
Judgment: An amount to be paid or collected by a governmental unit as the result of a court decision,
including a condemnation award in payment for private property taken for public use.
Judgments Payable: Amounts due to be paid by a governmental unit as the result of court decisions,
including condemnation awards in payment for private property taken for public use.
Land: A fixed asset account that reflects the value of land owned by a governmental unit. If land is
purchased, this account shows the purchase price and costs such as legal fees, filling and excavation
costs, and the like, which are incurred to put the land in condition for its intended use. If land is acquired
by gift, the account reflects the estimated fair value at the time of acquisition.
Legal Investments: Investments which governmental units are permitted to make by law.
Levy: (Verb) To impose taxes, special assessments, or service charges for the support of governmental
activities. (Noun) The total amount of taxes, special assessments, or service charges imposed by a
governmental unit.
Liabilities: Debt or other legal obligations arising out of transactions in the past which must be
liquidated, renewed, or refunded at some future date.
Note: The term does not include encumbrances.
Long-Term Debt: Debt with a maturity of more than one year after the date of issuance.
Machinery and Equipment: See Equipment.
Maintenance: The upkeep of physical properties in condition for use or occupancy. Examples are the
inspection of equipment to detect defects and the making of repairs.
Major Fund: Funds that the revenues, expenses, assets or liabilities are greater than 10% of corresponding
totals and at least 5% of the aggregate amount for all governmental and enterprise funds.
Modified Accrual Basis: A system under which some accruals, usually costs, are recorded but others,
usually revenues, are not. The extent of modification varies in practice, depending upon the accountant’s
judgment.
Municipal: In its broadest sense, an adjective that denotes the state and all subordinate units of
government. In a more restricted sense, an adjective that denotes a city or town, as opposed to other
units of local government.
Municipal Bond: A bond issued by a state or local government unit.
Municipal Corporation: A body politic and corporate established pursuant to state authorization for the
purpose of providing governmental services and regulations for its inhabitants. A municipal corporation
246 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXhas defined boundaries and a population, and is usually organized with the consent of its residents.
It usually has a seal and may sue and be sued.
Net Bonded Debt: Gross bonded debt less any cash or other assets available and earmarked for its
retirement.
Net Income: A term used in accounting for governmental enterprises to designate the excess of total
revenues over total expenses for an accounting period. See also Income, Operating Revenues, Operating
Expenses, Non-operating Income, and Non-operating Expenses.
Net Revenue Available for Debt Service: Gross operating revenues of an enterprise, less operating
and maintenance expenses, yet exclusive of depreciation and bond interest. “Net Revenue” as thus
defined computes “coverage” on revenue bond issues.
Note: Under the laws of some states and the provisions of some revenue bond indentures, net revenues
used for computation of coverage are required to be on a cash basis rather than an accrual basis.
Nominal Interest Rate: The contractual interest rate shown on the face and in the body of a bond and
representing the amount of interest to be paid, in contrast to the effective interest rate.
Non-major Fund: Funds that the revenues, expenses, assets or liabilities are less than 10% of
corresponding totals and at less than 5% of the aggregate amount for all governmental and enterprise
funds.
Non-operating Expenses: Expenses incurred for non-operating properties or in the performance of
activities not directly related to supplying the basic services of a governmental enterprise. An example
of a non-operating expense is interest paid on outstanding revenue bonds. See also Non-operating
Properties.
Non-operating Income: Income of governmental enterprises that is not derived from the basic operations
of such enterprises. An example is interest on investments or on bank time deposits.
Non-operating Properties: Properties that are owned by a governmental enterprise but which are not
used in the provision of basic services for which the enterprise exists.
Notes Payable: In general, an unconditional written promise signed by the maker to pay a certain sum
of money on demand or at a fixed or determinable time either to the bearer or to the order of a person
designated therein.
Notes Receivable: A note payable held by a governmental unit.
Object: As used in expenditure classification, this term applies to the article purchased or the service
obtained (as distinguished from the results obtained from expenditures). Examples are personal
services, contractual services, materials, and supplies. See also Activity Classification, Functional
Classification, and Object Classification.
Objective: Desired output oriented accomplishments that can be measured and achieved within
a given time frame. Achievement of the objective advances the activity and organization toward a
corresponding goal.
Object Classification: A grouping of expenditures on the basis of goods or services purchased; for
example, personal services, materials, supplies and equipment. See also Functional Classification
and Activity Classification.
247Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXObligations: Amounts that a governmental unit may be required legally to meet out of its resources.
They include not only actual liabilities, but also unliquidated encumbrances.
Obsolescence: The decrease in the value of fixed assets resulting from economic, social, technological,
or legal changes.
Operating Budget: Operating budgets serve many purposes within a government entity, but they have
two primary purposes: (1) to plan the services that are going to be offered during the coming year and
set priorities; (2) to conform with legal requirements to ensure that expenditures do not exceed those
appropriated. Operating budgets are also called Annual Budgets. See Budget.
Operating Expenses: (1) As used in the accounts of governmental enterprises, the term means those
costs which are necessary to the maintenance of the enterprise, the rendering of services, the sale of
merchandise, the production and disposition of commodities produced, and the collection of enterprise
revenues, and (2) the term is also sometimes used to describe expenses for general governmental
purposes.
Operating Income: Income of a governmental enterprise that is derived from the sale of its goods
and/or services. For example, income from the sale of water by a municipal water utility is operating
income. See also Operating Revenues.
Operating Revenues: Revenues derived from the operation of governmental enterprises of a business
character.
Operating Statement: A statement summarizing the financial operations of a governmental unit for
an accounting period as contrasted with a balance sheet which shows financial position at a given
moment in time.
Ordinance: A formal legislative enactment by the council or governing body 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.
Note: The difference between an ordinance and a resolution is that the latter requires less legal
formality and has a lower legal status. Ordinarily, the statutes or charter will specify or imply those
legislative actions that must be by ordinance and those which may be by resolution. Revenue raising
measures, such as the imposition of taxes, special assessments and service charges, universally
require ordinances.
Original Cost: The total of assets given and/or liabilities assumed to acquire an asset. In utility
accounting, the original cost to the first owner who dedicated the plant to service of the public.
Overhead: Those elements of cost necessary in the production of an article or the performance of
a service which are of such a nature that the amount applicable to the product or service cannot be
determined accurately or readily. Usually they relate to those objects of expenditures which do not
become an integral part of the finished product or service such as rent, heat, light, supplies, management,
supervision, etc.
Overlapping Debt: The proportionate share of the debts of local governmental units located wholly
or in part within the limits of the reporting government which must be borne by property within each
governmental unit. Note: Except for special assessment debt, the amount of debt of each unit applicable
to the reporting unit is arrived at by (1) determining what percentage of the total assessed value of
the overlapping jurisdiction lies within the limits of the reporting unit, and (2) applying this percentage
to the total debt of the overlapping jurisdiction. Special assessment debt is allocated on the basis of
248 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXthe ratio of assessments receivable in each jurisdiction, which will be used wholly or in part to pay off
the debt to total assessments receivable, which will be used wholly or in part for this purpose.
Pay-As-You-Go: A method of financing improvements that refers to the allocation of a significant
portion of operating revenues each year to a revenue fund. The monies in this fund are to be used for
annual improvements or saved until they are sufficient for large projects. A regular allocation made
from the operating budget to smooth budget allocations for expenditures and eliminate the need for
bond financing. Sometimes referred to as pay-as-you-acquire financing.
Pay-As-You-Use: A method of financing long-term improvements by serial debt issues with maturities
arranged so that the retirement of debt coincides with the depreciation or useful life of the improvement.
In theory, the interest and debt retirement charges paid by each generation of taxpayers or users coincide
with their use and enjoyment of the improvement. Under pay-as-you-use, each user group pays for its
own improvements. No one is forced to provide free goods or services for a future generation or to
contribute toward facilities for a community in which he or she will not live, nor will new members of
the community derive benefits from improvements that they have not assisted in financing.
Prior Years’ Tax Levies: Taxes levied for fiscal periods preceding the current one.
Private Trust Fund: A trust fund that will ordinarily revert to private individuals or will be used for
private purposes; for example, a fund that consists of guarantee deposits.
Program: A group of related activities performed by one or more organization units for the purpose
of accomplishing a function for which the town is responsible.
Project: A plan of work, job, assignment, or task.
Proprietary Accounts: Those accounts which show actual financial position and operations, such as
actual assets, liabilities, reserves, fund balances, revenues, and expenditures, as distinguished from
budgetary accounts.
Proprietary Fund Types: Sometimes referred to as income determination or commercial-type funds, the
classification used to account for a government’s ongoing organizations and activities that are similar to
those often found in the private sector (i.e., enterprise and internal service funds). All assets, liabilities,
equities, revenues, expenses, and transfers relating to the government’s business and quasi-business
activities are accounted for through proprietary funds. The GAAP used are generally those applicable
to similar businesses in the private sector and the measurement focus is on determination of net
income, financial position and changes in financial position.
Public Trust Fund: A trust fund whose principal, earnings, or both, must be used for a public purpose;
for example, a pension or retirement fund.
Purchase Order: A document that authorizes the delivery of specified merchandise or the rendering
of certain services and the making of a charge for them.
Special Purpose District: allows for a dedicated sales tax resource.
Rate Base: The value of utility property used in computing an authorized rate of return as authorized
by law or a regulatory commission.
Receipts: This term, unless otherwise qualified, means cash received. See also Revenue.
249Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXRecoverable Expenditures: An expenditure made for or on behalf of another governmental unit, fund,
or department, or for a private individual, firm, or corporation, which will subsequently be recovered
in cash or its equivalent.
Refunding Bonds: Bonds issued to retire bonds already outstanding. The refunding bonds may be sold
for cash and outstanding bonds redeemed in cash, or the refunding bonds may be exchanged with
holders of outstanding bonds.
Registered Bond: A bond, the owner of which is registered with the issuing governmental unit, and
which cannot be sold or exchanged without a change of registration. Such a bond may be registered
as to principal and interest or as to principal only.
Reimbursement: Cash or other assets received as a repayment of the cost of work or services performed
or of other expenditures made for or on behalf of another governmental unit or department or for an
individual, firm, or corporation.
Replacement Cost: The cost as of a certain date of a property which can render similar service (but
need not be of the same structural form) as the property to be replaced. See also Reproduction Cost.
Reproduction Cost: The cost as of a certain date of reproducing an exact new property in the same
place. Note: Sometimes this term is designated as “reproduction cost new” to distinguish it from
“depreciated reproduction cost,” which is the reproduction cost of a given property less the estimated
amount of accumulated depreciation applicable to it. In the absence of any modifier, however, the
term “reproduction cost” is understood to be synonymous with “reproduction cost new.” See also
Replacement Cost.
Requisition: A written demand or request, usually from one department to the purchasing officer or
to another department, for specified articles or services.
Reserve: An account which records a portion of the fund balance which must be segregated for some
future use and which is, therefore, not available for further appropriation or expenditure. A Reserve
for Inventories equal in amount to the Inventory of Supplies on the balance sheet of a General Fund
is an example of such a reserve.
Reserve for Revenue Bond Debt Service: A reserve in an Enterprise Fund which represents the
segregation of a portion of retained earnings equal to current assets that are restricted to current
servicing of revenue bonds in accordance with the terms of a bond indenture.
Reserve for Revenue Bond Retirement: A reserve in an Enterprise Fund which represents the segregation
of a portion of retained earnings equal to current assets that are restricted for future servicing of
revenue bonds in accordance with the terms of a bond indenture.
Resolution: A special or temporary order of a legislative body; an order of a legislative body requiring
less legal formality than an order or statute. See also Ordinance.
Resources: The actual assets of a governmental unit, such as cash, taxes receivable, land, buildings,
etc., plus contingent assets such as estimated revenues applying to the current fiscal year not accrued
or collected, and bonds authorized and unissued.
Retained Earnings: The accumulated earnings of an Enterprise or Internal Service Fund which have
been retained in the fund and which are not reserved for any specific purpose.
Retirement Fund: A fund out of which retirement annuities and/or other benefits are paid to authorized
and designated public employees. A retirement fund is accounted for as a Trust Fund.
250 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXRevenue: For those revenues which are recorded on the accrual basis, this term designates additions
to assets which: (a) do not increase any liability; (b) do not represent the recovery of an expenditure;
(c) do not represent the cancellation of certain liabilities without a corresponding increase in other
liabilities or a decrease in assets; and (d) do not represent contributions of fund in Enterprise and
Internal Service Funds.
The same definition applies to those cases where revenues are recorded on the modified accrual or
cash basis, except that additions would be partially or entirely to cash. See also Accrual Basis, Modified
Accrual Basis, Cash Basis, Net Revenue Available for Debt Service, and Receipts.
Revenue Bonds: Bonds whose principal and interest are payable exclusively from earnings of a public
enterprise. In addition to a pledge of revenues, such bonds sometimes contain a mortgage on the
enterprise’s property and are then known as mortgage revenue bonds.
Schedules: (1) The explanatory or supplementary statements that accompany the balance sheet or
other principal statements periodically prepared from the accounts. (2) The accountant’s or auditor’s
principal work papers covering his examination of the books and accounts. (3) A written enumeration
or detailed list in orderly form. See also Statements.
Securities: Bonds, notes, mortgages, or other forms of negotiable or non-negotiable instruments. See
also Investments.
Self-Supporting or Self-Liquidating Debt: Debt obligations whose principal and interest are payable
solely from the earnings of the enterprise for the construction or improvement of which they were
originally issued. See also Revenue Bonds.
Serial Annuity Bonds: Serial bonds in which the annual installments of bond principal are so arranged
that the combined payments for principal and interest are approximately the same each year.
Serial Bonds: Bonds the principal of which is repaid in periodic installments over the life of the issue.
Shared Revenue: Revenue which is levied by one governmental unit but shared, usually in proportion
to the amount collected, with another unit of government or class of governments.
Short-Term Debt: Debt with a maturity of one year or less after the date of issuance. Short-term debt
usually includes floating debt, bond anticipation notes, tax anticipation notes, and interim warrants.
Special Assessment: A compulsory levy made by a local government against certain properties to
defray part or all of the cost of a specific improvement or service which is presumed to be of general
benefit to the public and of special benefit to such properties.
Note: The term should not be used without a modifier (for example, “special assessments for street
paving,” or “special assessments for street sprinkling”) unless the intention is to have it cover both
improvements and services, or unless the particular use is apparent from the context.
Special Assessment Bonds: Bonds payable from the proceeds of special assessments. If the bonds
are payable only from the collections of special assessments, they are known as “special assessment
bonds.” If, in addition to the assessments, the full faith and credit of the governmental unit are pledged,
they are known as “general obligation special assessment bonds.”
Special Assessment Fund: A fund set up to finance and account for the construction of improvements
or provision of services which are to paid for, wholly or in part, from special assessments levied against
benefited property. See also Special Assessment and Special Assessment Bonds.
251Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXSpecial Assessment Roll: The official list showing the amount of special assessments levied against
each property presumed to be benefited by an improvement or service.
Special Audit: An audit which is limited to some particular phase of a governmental unit’s activity,
such as the examination of a Projects Fund, or an audit which covers all of the governmental unit’s
activities for a shorter or longer period of time than the usual accounting period of one fiscal year.
Such audits may involve some detailed verifications as determined by the professional judgment of
the auditor, but usually they are based on appropriate tests and checks. See General Audit.
Special District: An independent unit of local government organized to perform a single governmental
function or a restricted number of related functions. Special districts usually have the power to incur
debt and levy taxes; however, certain types of special districts are entirely dependent upon enterprise
earnings and cannot impose taxes. Examples of special districts are water districts, drainage districts,
flood control districts, hospital districts, fire protection districts, transit authorities, port authorities,
and electric power authorities.
Special Fund: Any fund that must be devoted to some special use in accordance with specific regulations
and restrictions. Generally, the term applies to all funds other than the General Fund.
Special Revenue Fund: A fund used to account for revenues from specific taxes or other earmarked
revenue sources which by law are designated to finance particular functions or activities of government.
Includes intergovernmental revenue in the form of state and federal grant funds.
Statements: (1) Used in a general sense, statements are all of those formal written presentations that
set forth financial information. (2) In technical accounting usage, statements are those presentations of
financial data that show the financial position and the results of financial operations of a fund, a group
of accounts, or an entire governmental unit for a particular accounting period. See also Schedules.
Statute: A written law enacted by a duly organized and constituted legislative body. See also Ordinance
and Resolution.
Stores: Goods on hand in storerooms, subject to requisition and use.
Straight Serial Bonds: Serial Bonds in which the annual installments of a bond principal are approxi-
mately equal.
Surety Bond: A written promise to pay damages or to indemnify against losses caused by the party
or parties named in the document, through nonperformance or through defalcation. An example is a
surety bond given by a contractor or by an official handling cash or securities.
Surplus: The excess of the assets of a fund over its liabilities, or if the fund has other resources and
obligations, the excess of resources over the obligations. The term should not be used without a
properly descriptive adjective unless its meaning is apparent from the context. See also Fund Balance,
and Retained Earnings.
Symbolization: The assignment of letters, numbers, or other marks or characters to the ordinary titles
of the ledger accounts. Each letter or number should have the same meaning wherever used and
should be selected with great care so that it will indicate, immediately and with certainty, the title of
the account, as well as its place in the classification. The use of proper symbols saves much time and
space in making the book record and adds to its precision and accuracy. See also Coding.
Tax Levy: The total amount to be raised by general property taxes for purposes specified in the Tax
Levy Ordinance.
252 Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXTax Levy Ordinance: An ordinance by means of which taxes are levied.
Tax Liens: Claims which governmental units have upon properties until taxes levied against them
have been paid.
Note: The term is sometimes limited to those delinquent taxes for the collection of which legal action
has been taken through the filing of liens.
Tax Rate: The amount of tax levied for each $100 of assessed valuation.
Tax Rate Limit: The maximum rate at which a governmental unit may levy a tax. The limit may apply to
taxes raised for a particular purpose, or to taxes imposed for all purposes; and may apply to a single
government, to a class of governments, or to all governmental units operating in a particular area.
Overall, tax rate limits usually restrict levies for all purposes and of all governments, state and local,
having jurisdiction in a given area.
Tax Roll: The official list showing the amount of taxes levied against each taxpayer or property.
Frequently, the tax roll and the assessment roll are combined, but even in these cases the two can be
distinguished.
Tax Supplement: A tax levied by a local unit of government which has the same base as a similar
tax levied by a higher level of government, such as a state or province. The local tax supplement is
frequently administered by the higher level of government along with its own tax. A locally imposed,
state-administered sales tax is an example of a tax supplement.
Taxes: Compulsory charges levied by a governmental unit for the purpose of financing services
performed for the common benefit.
Note: The term does not include specific charges made against particular persons or property for
current or permanent benefits such as special assessments. Neither does the term include charges
for services rendered only to those paying such charges as, for example, water and sewer charges.
Taxes Receivable-Current: The uncollected portion of taxes that a governmental unit has levied, which
has become due but on which no penalty for nonpayment attaches.
Taxes Receivable-Delinquent: Taxes remaining unpaid on and after the date on which a penalty for
nonpayment is attached. Even though the penalty may be subsequently waived and a portion of the
taxes may be abated or canceled, the unpaid balances continue to be delinquent taxes until paid,
abated, canceled, or converted into tax liens.
Term Bonds: Bonds that the entire principal of which matures on one date. Also called sinking fund
bonds.
Trust and Agency Funds: Funds used to account for assets held by a government in a trustee capacity
or as an agent for individuals, private organizations, other governments and/or other funds.
Trust Fund: A fund consisting of resources received and held by the governmental unit as trustee, to
be expended or invested in accordance with the conditions of a trust. See also Private Trust Fund and
Public Trust Fund.
Unappropriated Budget Surplus: Where the fund balance at the close of the preceding year is not
included in the annual budget, this term designates that portion of the current fiscal year’s estimated
revenues which has not been appropriated. Where the fund balance of the preceding year is included,
this term designates the estimated fund balance at the end of the current fiscal period.
253Town of Prosper, TX | Adopted Budget | 2026-2027
APPENDIXUser Charges: The payment of a fee for direct receipt of a public service by the party benefiting from
the service.
Utility Fund: See Enterprise Fund.
Work Program: A plan of work proposed to be done during a particular period by an administrative
agency in carrying out its assigned activities.
THANK YOU, BUDGET TEAM!
The Town Budget truly takes teamwork, and I trust more
hands went into this effort than are recognized here.
I’d like to thank those listed below who were instrumental
in the preparation of the proposed budget.
Mario Canizares, Town Manager Stephen Tanner, Communications
Bob Scott, Deputy Town Manager Tony Luton, HR
Chuck Ewings, Assistant Town Manager Gary Landeck, Library
Robyn Battle, Executive Director Carrie Jones, Public Works
Chief Blasingame, Fire Leigh Johnson, IT
Assistant Chief Eft, Fire David Angeles, Parks
Chief Brown, Police Hulon Webb, Engineering
Assistant Chief Brewer, Police David Hoover, Dev. Services
Michelle Lewis Sirianni, Town Secretary Ryan Patterson, Finance
Marcus Northcutt, Finance Colin Ashby, Finance
Larenz Taylor, Finance Ashley Fanning, Finance
Finance Director
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255Town of Prosper, TX | Adopted Budget | 2026-2027
Town of Prosper, TX
250 W. First Street Prosper, Texas 75078