12-28 - O TOWN OF PROSPER, TEXAS
ORDINANCE NO. 12-28
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, ADOPTING THE FISCAL YEAR 2012-2013 ANNUAL BUDGET
FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2012 AND ENDING
SEPTEMBER 30, 2013, AND APPROVING CERTAIN AMENDMENTS TO
THE FISCAL YEAR 2011-2012 ANNUAL BUDGET FOR THE TOWN OF
PROSPER, TEXAS.
WHEREAS, the Annual Budget for the Town of Prosper, Texas was prepared
by the Town Manager and presented to the Town Council on
August 14, 2012 in accordance with the Town Charter of the Town
of Prosper, Texas; and
WHEREAS, the Prosper Economic Development Corporation Board of
Directors approved the budget for the Prosper Economic
Development Corporation on August 15, 2012, and subsequently,
public hearings on the proposed Prosper Economic Development
Corporation budget were held by the Town Council of the Town of
Prosper, Texas, on September 4 and 11, 2012; and
WHEREAS, the proposed annual budget document was posted on the Town's
Internet web site and also made available for public review; and
WHEREAS, a notice of public hearings concerning the proposed Annual Town
Budget was published as required by State law and said public
hearings thereon were held by the Town Council on September 4
and 11, 2012; and
WHEREAS, following the public hearings on September 4 and 11, 2012, and
upon careful review of, the proposed Fiscal Year 2012-2013
Budget, and the review of the amendments to the current Fiscal
Year 2011-2012 Budget, it is deemed to be in the best financial
interest of the citizens of the Town of Prosper, Texas, that the
Town Council approve said budget and any amendments to the
current fiscal year budget and as presented by the Town Manager.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF
THE TOWN OF PROSPER, TEXAS:
Section 1: THAT, the above findings are hereby found to be true and correct
and are incorporated herein in their entirety.
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Section 2: THAT, the official budget for the Town of Prosper, Texas, for the
fiscal year beginning October 1, 2012 and ending September 30,
2013, is hereby adopted by the Town Council of the Town of
Prosper, Texas, and the Town Secretary is directed to keep and
maintain a copy of such official budget on file in the office of the
Town Secretary and, upon request, make same available to the
citizens and the general public.
Section 3: THAT, the Town Council of the Town of Prosper, Texas, hereby
approves certain amendments to the current Fiscal Year 2011-2012
Budget, as stated herein.
Section 4: THAT, the sums specified below are hereby appropriated from the
respective funds for the payment of expenditures on behalf of the
Town government as established in the approved budget
document:
FY 2011-2012 FY 2012-2013
FUND AMENDED BUDGET BUDGET
General Fund $8,287,253 $9,162,627
Interest& Sinking Fund $2,356,808 $2,556,482
Water& Sewer Fund $6,671,283 $7,576,516
Internal Service Fund $50,000 $50,000
Storm Drainage Utility Fund $224,190 $248,313
Parks and Recreation Fund $1,620,000 $1,250,000
Impact Fees Fund $5,553,000 $712,425
Special Revenue-Donation Fund $369,200 $59,200
Capital Projects Fund * $7,693,085 $12,700,971
Economic Development Corporation $237,145 $447,980
Total $33,061,964 $34,764,514
x Unspent funds September 30, 2011 will be automatically re-appropriated to the respective
project for FY 2012-2013.
Section 5: THAT, Capital Projects Funds are presented in the budget
document on a multi-year, project basis, whereby all unexpended
capital project funds are automatically re-appropriated into the
subsequent fiscal year. Accordingly, no annual appropriation for
Capital Projects Funds, other than those specifically listed in
Section 4 above, is provided.
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Section 6: THAT, should any part, portion, section, or part of a section of this
Ordinance be declared invalid, or inoperative, or void for any
reason by a court of competent jurisdiction, such decision, opinion,
or judgment shall in no way affect the remaining provisions, parts,
sections, or parts of sections of this Ordinance, which provisions
shall be, remain, and continue to be in full force and effect.
Section 7: THAT, all ordinances and appropriations for which provisions
have heretofore been made are hereby expressly repealed if in
conflict with the provisions of this Ordinance.
Section 8: THAT, in accordance with State Law and the Town's Code of
Ordinances, proper notice of public hearings has been provided for
said Ordinance to be considered and passed, and this Ordinance
shall take effect and be in full force and effect from and after its
final passage.
Section 9: THAT, specific authority is hereby given to the Town Manager to
transfer appropriations budgeted from one account classification or
activity to another within any individual department or activity.
AND IT IS SO ORDAINED.
Passed and approved by a vote of t r to on this the 25th day of September,
2012.
TOWN OF PROSPER, TEXAS
C
BY: I` '1
Ray Smi{h, Mayor
ATTEST:
Amy-'iukana, TRMC,`Town Secretary
3
FiSCALYEAR 2012 - 2013 BUD
GET
TOWN OF
SPjER
FOR THE PERIOD
OCTOBER 1, 2012 TO SEPTEMBER 30, 2013
"Prosper is a place where.fie.;.., - � y. n,,t,.• mK'.'•.: �� (i�# )�S c �r.
everyone
This budget will raise more total property
taxes than last year's budget by $629,737
or 9.92%, and of that amount $492,036 is
tax revenue to be raised from new
property added to the tax roll this year.
FISCAL YEAR 2012 - 2013 BUDGET
COVER PAGE
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FISCAL YEAR 2012-2013
ADOPTED BUDGET
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Prepared By:
Lyle Dresher, Interim Town Manager
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Matthew Garrett, Finance Director
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Reviewed and Adopted by Town Council on September 25, zozz.
Ray Smith, Mayor
Meigs Miller, Deputy Mayor Pro-Tern
Kenneth Dugger, Mayor Pro-Tem
Curry Vogelsang jr., Council Member
' Dann y Wilson, Council Member
Jason Dixon, Council Member
Vacancy in Place 1 at time of budget
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FISCAL YEAR 2012-2o13 ADOPTED BUDGET
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Table of Contents
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TABLE OF CONTENTS
BUDGET MESSAGE
LETTER FROM THE TOWN MANAGER 3
THE BUDGET PROCESS 11
BUDGET CALENDAR 12
TOWN PROFILE
TOWN COUNCIL 15
VISION AND STRATEGIC WORKPLAN 16
ORGANIZATIONAL CHART 22
SCHEDULE OF AUTHORIZED POSITIONS 23
LOCATION AND MAP 24
TOWN HISTORY 25
POPULATION 26
AVERAGE RESIDENTIAL PROPERTY TAX BILL 27
FUND SUMMARIES
CONSOLIDATED TOWN FUND SUMMARIES 31
INDIVIDUAL FUNDSUMMARIES
GENERAL FUND 32
WATER&SEWER FUND 33
DEBT SERVICE FUND(INTEREST& SINKING) 34
CAPITAL PROJECTS FUND 35
PARKS FUND 36
IMPACT FEES FUND 37
INTERNAL SERVICE FUND 38
SPECIAL REVENUE 39
STORM DRAINAGE FUND 40
ECONOMIC DEVELOPMENT CORPORATION(EDC) FUND 41
Fiscal Year 2012-2013 i Adopted Budget
Table of Contents
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REVENUE PROJECTIONS
GENERAL FUND REVENUE SOU RC ES 45
PROPERTY VALUATIONS AND AD VALOREM TAXES 46
PROPERTY TAX RATE DISTRIBUTION 47
SALES TAXES 48
WATER AND SEWER FUND REVENUE OUTLOOK 49
REVENUES IN OTHER TOWN FUNDS 50
DEBT SERVICE{I&S} FUND 50
CAPITAL PROJECTS FUND 50
PARKS FUND 50
IMPACT FEES FUND 5o
INTERNAL SERVICE FUND 50
SPECIAL REVENUE 50
STORM DRAINAGE FUND 50
EDC FUND REVENUE SOURCES 50
APPROPRIATIONS
GENERAL FUNDTOTAL APPROPRIATIONS BY CATEGORY 53
GENERAL FUNDTOTAL APPROPRIATIONS BY DEPARTMENT 54
GENERAL FUND DEPARTMENT SUMMARIES
ADMINISTRATION 55
POLICE 56
DISPATCH 57
FIRE 58
FIRE MARSHALL 59
STREETS 60
LIBRARY 61
PARKS 62
MUNICIPAL COURT 63
INSPECTIONS 64
CODE COMPLIANCE 6S
PLANNING 66
ENGINEERING 67
Fiscal Year 2012-2013 ii Adopted Budget
Table of i
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APPROPRIATIONS 1CONT'Dj
WATER&SEWER FUND TOTAL APPROPRIATIONS BY CATEGORY 68
WATER&SEWER FUND TOTAL APPROPRIATIONS BY DEPARTMENT 69
WATER&SEWER FUND DEPARTMENT SUMMARIES
WATER 70
WA S7E'dJ A7ER 71
U71LITl BILLING 72
STORMS DRAINAGE UTILITY FUND/DEPARTMENT SUMMARY 73
EDC FUND/DEPARTMENT SUMMARY 74
APPENDIX
CHARTER ARTICLE V11—FINANCIAL PROCEDURES 77
OUTSTANDING DEBT SCHEDULE 82
PROPERTY TAX RATES-EFFECTIVE RATE NOTICE 83
BUDGET ORDINANCE 85
PROPERTY TAX ORDINANCE 88
WATER AND SEWER RATES 90
GLOSSARY 95
APPRECIATION
THANKS TO THE FY 2012-2013 BUDGET TEAM (INSIDE BACK COVER)
Fiscal Year 2012-2013 iii Adopted Budget.
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Fiscal Year 2012-2013 iv Adopted Budget
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Budget Calendar
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FISCAL YEAR 2012-2013 ADOPTED BUDGET r,
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fit' � Manager
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October 1. 2012
To The Honorable Mavor and Town Council
Re. 177:e.4r?1i,a1 bwr qet for Fiscal Year .1012-2013
For vour consideration is the adopted Torn of Prosper Annual Operations and Maintenance Budget
reflecting the general short-term policies of the current Town Council as the elected representatives of the
citizens of Prosper. These short-term policies also reflect the principles of Town Council's adopted
Strategic Vision and'Work- Plan The Annual Budget is untended to:
• serve as an operating plan for the new fiscal year,
• proNide fiscal police direction to the Town Staff.
• pro-ide a basis of accountability to the taxpayers of the investment of their tax dollar, and
• serve as a basis for measuring the performance for those indi-iduals charged with the management of
the Toc-n's operations.
In essence, the Annual Operations and Maintenance Budget represents the single most important
management tool of the Governing Body and the Staff
BUDGET OVERVIENY
The Town of Prosper Fiscal Year 2012-2013 adopted budget addresses increased senice levels to
Town residents in response to continued growth, proxides required or money-salving capital
investments in infrastructure and other public improvements as well as additional public safety
resources. The Town has continued to thrive relative to many markets despite the economic instability
and stagnant economic growth both regionally and nationally_ Despite the Towns current and future
growth potential and general optimism, this budget has been prepared with conservative revenue
assumptions in mind.
The Town of Prosper currently employs eighty-nine (89) regularly scheduled team members, eighty-
one (8 1) full time and eight (8)part time The adopted budget includes the following staffing additions
Fiscal Year 2012-2013 3 Adopted Budget
Letter from the Town Manager
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kd changes
• Hiring of three (3) additional Police Officers to increase patrol coverage and service
• Changing the current part time Fire Chief position to a full time position
• Reclassifying a part time Inspector position to a full time Plumbing Inspector
• Adding a Development Review Coordinator position to the Planning department to address
increase plan review demand from the surge in new development.
• Adding a Water department Construction Inspector position to keep pace v..ith infrastructure
inspection demand resulting from new development
• Add funding in the Sev.er department for staffing a second service cre.. _ comprised or a Crew
Leader and a Utility- '�'lorker
• Converting a part time Utility Billing Clerk to a full time position for the Utility Billing
department
In evaluating the 2012-2013 Adopted Budget it is important to consider it in context with several
historical organizational initiatives. current conditions and the impact each has on planning for
additional appropriations. Those with the greatest impact are listed below.
The Adopted 2012-2013 Budget Appropriations total S1 7.1 million (NI) for all funds not including debt
service_ capital projects or the Economic Development Corporation_ Of that amount-- approximately S9 2M
is for General Fund operations and maintenance- and STSM for tine To3vrn's Enterprise Funds including Solid
Wa-ste- Water and Sexer utilities as well as the Storm Drainage Utilitv Fund. Debt Service appropriations
for the coming fiscal year are S2.6M.
Propertv Valves
Certified property valuations increased by S1 14M (9AQo) for FY 2012-2013. Property values increased from
S1.205 8M to 51=319.6M- For the first time in a few years; both the total certified property valuations and
existing property values increased The bulk of the increase came from new construction, accounting for
S94.6M_ Most of the Town's current values come from Collin County properties. but the Denton County
portion is expected to have a fey:new developments in the near future.
Property- Tax Rate
This near the property tax rate is adopted at S0.52 per 5100 of assessed value. which is equal to the pre-.ious
property tax rate. The portion of the tax rate applied to Debt Senfice is 50.203086 with the balance allocated
for Maintenance and Operations
Sales Taxes
During both FY 2010 and FY 2011, sales taxes generated over S 13 in Torn revenue_ Growth in new
business and a general increase in existing retail safes have resulted in much higher sales tax revenue than
anticipated For FY 2011-2012= the ToAvri expects to bring in more than S1_SM; hoti.-ever, only SI 1M was
budgeted Recognizing a steady rate over S13M, staff is projecting sales taxes will total SI AM m FY 2012-
2013 as a conservative measure for unknowns in the economic and political climate
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Fiscal Year 2012-2013 4 Adopted Budget
from 1
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Utility- Rates
The To-,;n of Prosper To-wn Council continues its implementation of rate recommendations that support the
Town Councils adopted ZVater and Wastewater Utility Comprehensive Business Plan- The Plan as adopted
contains recommendations to enhance revenues, to establish maintenance reserves and to fund an amival
contribution of 200 to a capital replacement program. This adopted budget includes a rate design change
reducing the lo-,vest rate tier from 15.000 gallons to 10.000 gallons. Consumers under 10:000 gallons a
month � ill see no change in their bill Au average Prosper resident using 11.000 gallons per month :ill par
S5.58 more per month
Solid 'Waste rates increased 50o in February 1012 and should not change until 2015.
The adopted budget assumes an increase to Storm Drainage revenues for new home constriction
GENERAL.FUND
The Fiscal Year 2012-2013 Budget holds the tax rate of SO 52. The effective tax rate, that is the rate
that would generate the same amount of property tax revenues next year from the same taxed
properties in Fiscal Year 2011-2012, is SO.518321. The rollback rate, v.•hich approximately equates to
1080o of this vear`s effective operating rate minus the additional sales tax for property tax reduction,is
SO 511076. Each additional pennv of the tax rate generates approximately S125.000 in Droperty tax
revenue
The Collin County Tax Assessor-Coll ector again expects to collect 1001'a of the current property taxes
due based on their past histon• of doing so_
Fiscal Year 2012-2013 Revenues are expected to equal Appropriations resulting in zero net effect to
the Towns Fund balance- The Audited Fund Balance at the end of Fiscal Year 2010-2011 vvas
S5;568,868 Revised Fund balance prior to the final audit for Fiscal Year 2011-2012 is expected to
increase Si_405;017 to S6,9 r3,88�,. The large addition to fund balance is comprised primarily of sales
tax and permit fees exceeding very conservative estimates
The target reserve level (Fund Balance)is set at 25 00 (or 90 days) of total appropriations Until a 2011
Charter election_ there .vas a formal l00o Contingency Policy ill the Charter in addition to the targeted
90 day reserve At the recommendation of staff, the Charter Commission proposed to increase this to
200.o and it was approved by 88°0 of voters
At the end of the 2012-1013 Fiscal Year the projected total fund balance not otherv:ise restricted or
held in contingency should total S1.870.3 71 e:hich equates to an additional 113 days- of operations
depending on final audited numbers, bringing the total number of operating days of reserves to 275
days. Staff is revietiving one-time uses consistent Nvith the Town's Fund Balance Policv and will seek-
Council guidance during FY 2013 on its use
Fiscal Year 2012-2013 5 Adopted Budget
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GENERAL FUND REVENUES
Overall- revenues are projected to increase 1-5.10; compared to that budgeted in Fiscal Year 2011-
2012. This increase is from increased property tax, sales tax, permit fees and interfund transfers from
enterprise funds
Sales Taxes have remained higher than projected for several years. The Tov:n has safely and
conservativel-- forecasted the sales tax revenues. raising the FY 2x)12-201= expectation to 51,400,000.
Building Permit Revenues increase to 51,27 5.000 or 3600 -when compared to the Fiscal Year 2011-
2012 Adopted Budget reflecting steady nev: residential and some non-residential construction. It is
assumed the Tov:n v.-ill issue 425 or more new residential permits in the coming year.
Street rental_ utility franchise payment and administrative fees from the Tovvn's Water and Sevver
Funds are projected to increase to 10°-o in accordance-with the Tovn's adopted Water and Wastewater
Utility Comprehensive Business Plan and subsequenth• adopted rate studs_•. A similar, but smaller fee
of 60;will be transferred from the Drainage Utility Fund
Municipal Court Fines, Licenses and Franchise Fees are projected to rise slightly r.-ith population.
SAFER Grant revenues are scheduled to reduce sharply, v:ith most grant funds already received This
source vvill be exhausted in FY 2012-2013 v.-ith reimbursements estimated at S1 5,000 Over the life of
this grant, the Town will have received S948.825 to help pay for the addition of six full-time
Firefighter Paramedic positions.
General Fund Revenues by Source
Revenue Category FY 2013 Adopted X of Total
Property Tax $4,309,802 ; 47.0%
License,Fees&Permits $1,622,625 17.7%
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Sales lax $1,404,500 15.3`-5
tnterfundTransfers in $801,700 I 8.7%
Franchise Fees $434,500 4.7 ro
Fines&Warrants I $260,000 i 3.1%
- - - - -
Charges for Services $192,900 2.1%
investment income $60,100 0.7% j
j Grants $30,250 0.3%
Miscellaneous $26,250 - 0.3% j
Revenue Total $9,162,627 1 100.0%
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Fiscal Year 2012-2013 6 Adopted Budget
Letter from the Town 1�,O§PERManager
GENERAL FUND APPROPRUTIONS
Total General Fund appropriations for the Adopted Fiscal Year 2012-2013 Budget are S92M. This is
an increase of approximately 15.100 compared to the 2011-2012 Budget. New personnel costs
constitute 31°0 of the total increase_ the categon of personnel makes up 67.80o of the General Fund
Budget The adopted budget authorizes the Tov,.Tn Manager to hire three Police Officers, reclassify the
part time Fire Chief to a full time position and convert a part time Inspector to a full time Plumbing
Inspector in Inspections. The Planning department is adding a Development Re<.iev:- Coordinator
position.
Program Enhancement and Capital Expenditures included in the adopted appropriations and planned
for the 2012-2013 Fiscal Year by Division are as follows
Administration
The budget includes the cost of recruiting a nev.-ToNvn Manager and also allows for the Interim Town
Manager to continue working until a replacement is chosen.
The Administration adopted budget includes funding for consolidating most servers into virtual
enviromnents Several Tov.Tn servers are beyond their scheduled life or are overloaded to the point of
i nefficnencv. Technology funding is built into this proposal to keep employees v;orking as
productively as possible by replacing some end-user computers as <.vell as building redundancl• on the
sen-ers 4yith the IT goal of high availability. Wiile the project budget and ultimate methodology is not
completed, Administration includes funding for the design and possible installation of a Backup
Disaster Recovery System Point to Point wireless networking bete:een Town facilities should be fully
functional in FY "2013 allowing several NIPLS connections to be terminated
Also_ the ToE:-n v:ill begin to accept emplo}Trent applications electronically, facilitating better
compliance vyith retention requirements and easing pant of the hiring managers selection task. This
and a handful of other administrative tasks, such as timekeeping= purchase orders and web reporting
are being considered
Community Librar
The increased cost for Librarian Sertices with City of Celina is included in the adopted budget. The
ToNvnn should evaluate staffing requirements for State Libran- Sy_ stem accreditation to remain eligible
for Collin County library finding.
The budget includes additional funding to subscribe to eBooks gixing patrons a new means of
"checking out- the collection_
Fiscal Year 2012-2013 7 Adopted Budget
Letter from the Town
Police Operations & Dispatch
Three Police Officers gill be added in the 2012-2013 Fiscal Year resulting in each shift to be covered
,,-6th at least two Officers. This is critical not onl-v to be available for a second call: but also improves
Officer safety- The budget as presented also includes funding for two rrew police vehicles and related
make readv expenses_
Fie_ EATS & Fire Marshall
The part time Fire Chief will become a full time Tos:n of Prosper Fire Chief during FY 2013
The Fire Department will receive a Pumper Engine possibly in the Spring of 2013. The Town Council
approved a reimbursement resolution allov ing for this purchase to be reimbursed -,with debt proceeds
expected to be issued no later than February 2013.
Public Works — Streets
The Streets department budget includes more street signal repair and electricity increases_ It also
contains more equipment rental for specialized or heavy equipment needs
Development Services -Inspections_ Planning; Engineering, Code Enforcement, Parks and Recreation
The Inspections Division will continue to utilize a private contractor to perform all health'food
establishment,hotel inspections. A part time position v ill be made full time as a Plumbing Inspector.
The Inspections budget includes the hosting senice fee for the TRAKjT sof fare program, which
supports all of Development Senices and eventually may support Public 'Work-s. TRAKiT was
originally coded to Planning
Additional costs reflected in the Code Compliance department budget include legal fees for continued
enforcement efforts and contractual costs with Collin County for Animal Control Services
Planning Department finding includes the addition of a ne3: Development ReNiew Coordinator
position Planning -,611 continue to contract ti=.-ith Frisco s GIS department for mapping senzces.
In Parks and Recreation, the budget increases contract labor and repair and maintenance items to cover
additional park land maintenance
DEBT SERVICE (Interest S Sinking (I&S)1 FUND
This fund represents the debt portion of the tax rate Debt payments from I&S for Fiscal Year 2012-
2013 %Nill total S2_536AS1 a 6_7�o increase from the current year's budget. The increase includes the
first debt payments for the bank-qualified 2012 General Obligation debt issue
Fiscal Year 2012-2013 8 Adopted Budget
Letter from the Town
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ZYATER. SE«-ER & SOLID W=ASTE UTILITY FUND
Revenues for the Water- Sev.er and Solid Waste Fund are expected to increase to S7 6144 -6th an
adopted rate structure design change to cover increasing ras: water costs and fund growing utility
operations. The adopted business plan for the N ater and Sewer Utilitl• Funrd identifies the need to for
revenue enhancements to corer existing and future operations and maintenance costs as well as debt
service and contracted se«er costs v-ith the Upper Trinit�• Regional Water District
The solid i-:aste contract renewal with IESI in 2005 ould have expired November 30: 2311- Under
the nez: agreement approved by Town Council, IESI (nog: Progressive Raste Solutions)will hold that
rate for three vea-s. Solid v-aste rates had not previously been changed for Prosper residents since
February 2009 and staff is pleased that vre can once again offer some multi-near rate stability on this
senice
Rater- SeNver & Solid Waste Fund Revenues by Source
Revenue Category FY2013 Adopted %of Total
Water Charges $4,690,000 � 59.4%
Sewer Charges $2,043,500 25.9%
Solid Waste Charges ( $720,000 9.1`Y6
-- -- - -- -- - -- - i
Tap&Construction $300,000 3.8%
Penalties $50,000 0.6%
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Investment income $30,000 0.4%
License,Fees&Permits $42,500 - 0.5%
M.iscelianeous $25,000 1 - 0.3%
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Revenue Total $7,401,000 ! 100.036
6 !
Program Enhancement and Capital item expenses budgeted in the Rater'Sewei Utility include
• The addition of one Construction Inspector and nvo new service trucks in Water
• Funding for one Utility Worker- one Utility Crew- Leader and a one-ton pickup in SeNver
• The part time Utility Clerk changing to a full time position in Utility Billing
DR-AL's AGE UTILITY FUND
The 2012-2013 Budget as adopted includes slightly increased revenues for ne-,v construction. Several
projects have been identified, and the fund will begin debt service payments on approximately SIM
issued as part of the 2012 Certificates of Obligation. The fund will be able to support debt service
payments and still complete routine dramage'storm water maintenance t.ithin collected revenues.
Fiscal Year 2012-2013 9 Adopted Budget
Letter from the Town Manager
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GENER-A.L DISCUSSION ITEMS
The follow.-ing items also have been incorporated into the Adopted Fiscal Year 2012-2013 Budget:
• The adopted budget includes employee increases consistent v.ith the ToN.n s compensation
stud,recommendations In FY 2009-2010, employees did not earn salary increases, but rather
were allotted one time pa,,nients instead In FY 2010-2011_ the ToNvn Council set the target
base salarvv range assignment at 1000 o of the average prevailing rate for the comparator market
and worked within the budget to get all employees up to their respective range minimums. For
FY 2011-2012, the Town moved employees with more time in thew position further into the
pat•range.
The adopted FY 2012-2013 Budget will be the third wear of this three tear strategy to bring
Prosper compensation in line with the market. Time in position pay adjustments are being
implemented, moving more experienced employees further into the pay range All employees,
except those vvith less than 6 months at Prosper_ are scheduled to receive at least a 1.5°,0
increase. The Town will need to solidify a strategy for considering future pay changes in
preparation for the FY 2013-2014 budget. The final pay increases and related benefits total
approximately 5120,000 in the adopted budget
• The TMRS rate budgeted for FY 2013 is ll°o_ vrhich is slightly more than the Annual
Required Contribution (ARC) Rate of 10.31°.o as required by GASB Statement Number 27. It
is staffs intent to reduce expected increases to less than 0.05°o per year over the nest feet years
assuming the same employees and related plan provisions.
• The To-,,,n is offering three health plan options this year - two Medical Expense
Reimbursement Plans and a Health Savings Account Plan. Similar to plans from neighboring
communities. To,..n Council approved paying for a portion of the dependent premium. After
tabulating employee elections from open enrollment_ the total increase to the budget for these
changes is only 55,3£9 more than a straight renewal. All ancillary benefits are locked in
multiple year agreements and are the same as the previous year
• Continued partnerships -with other entities have produced multiple saving opportunities for
shared services or improving our customea service to residents and visitors alike.
o The Town continues to operate the Community Library in the Revrrolds Middle School-
o The Tos.n renews its agreements along v,ith several area cities to contract vith Collin
County for Animal Control and Sheltering Service_
e The Town has several agreements v.ith Frisco including using Frisco GIS for our
departments and Interlocal agreements for part time help in both the Municipal Court
and Dispatch as needed.
Fiscal Year 2012-2013 10 Adopted Budget
Letter from the Town Manager '
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In summary, staff is honored to present an adopted budget that accomplishes Council goals to expand
sen-ices and competitively compensate staff v:•hile holding the line on the tax rate The Town's
adopted budget attempts to address the current and future growth and infrastructure expansion
demands chile recognizing the needs of its Citizens.
I -, ould also like to compliment and thank the Finance Department and the entire Town Staff for their
dedication_ diligence and fiscal accountability in providing their respective services to the Governing
Bode and the Citizens of Prosper.
S 121CeI e11'.
L- le H. Dresher
Interim To-.-n Manager
Fiscal Year 2012-2013 I 1 Adopted Budget
The Budget Process
OF
. �,: ,
ER
PURPOSE OF AN ANNUAL BUDGET
The basic purpose of the Town of Prosper Budget is to serve as a communication tool to residents,businesses,and employees
regarding the Town's financial plan. The budget is designed to provide clear and accurate information to Town stakeholders with
respect to how their local government is organized and how it operates.
BUDGET DETAILS
The Town's fiscal year is from October 1st to September 30th. Beginning October 1st,the approved budgets are appropriatied to the
various funds and departments. Amendments may be made to the budget during the fiscal year in accordance with Town Charter
provisions. These amendments shall be by ordinance,and shall become an attachment to the original budget. Expenditures may not
exceed appropriations at the department level without Town Council approval. The Town budgets for revenues and expenditures on
a yearly basis. The final adoption of the Annual Budget takes place in September and the new fiscal year begins October 1. Final
adoption of the budget by the Town Council shall constitute the official appropriations as proposed by expenditures for the current
year and shall constitute the basis of official levy of the property tax as the amount of tax to be assessed and collected for the
corresponding tax year.
PREPARATION OF THE ANNUAL BUDGET DOCUMENT
Budget preparation requires careful consideration and usually begins with Kickoff Meetings when the Finance Director meets with
Department Heads to review the budget preparation calendar and to establish the basis for budget submissions.
In April,the Budget Preparation Manual is distributed to departments for review. 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 Manager's vision for Prosper and providing the most efficient and effective services to the Prosper citizens are the major
considerations throughout the budget review process.
From June through September,budget workshop sessions are held between the Town Manager and Department Heads. The Town
Manager submits the proposed budget to Town Council and it is made public for review. The proposed operating budget includes
proposed expenditures and the means of financing them. This eventually culminates into Town Council public hearings in August and
possibly September. At this time,the Town Council may further revise the proposed budget as it deems necessary. The final
adoption of the Annual Budget takes place in September when the budget is legally enacted through the passage of an ordinance.
BUDGET ADMINISTRATION
The Fiscal Year begins and the approved budgets are then under the management of the responsible Department Head and
ultimately the Town Manager. Department Heads are given much discretion to assign funds within their departmental budgets as
needed and consult with the Town Manager on any significant variances from a given line item budget.
Any revision that alters total expenditures of any department must be approved by the Town Council.
Expenditures for goods or purchased services are documented by receipts,invoices,purchase orders or contracts.
The Town Manager submits monthly financial reports as required by Town Charter and actively manages any shortfalls in revenues or
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 lapse at year end,meaning any encumbrances are canceled or reappropriated as part of the following year
budget.
Fiscal Year 2012-2013 12 Adopted Budget
Budget
!• ii
ts►
Date Action Responsible
Parties
May 25, 2012 Fiscal Year 2012-2013 budget process initiated. Finance Director
Town staff completes revenue and expenditure projections through the
end of the current fiscal year,Continuation budget and Program
Enhancement budget requests and related forms. Submit by email to the
June 15 Finance Director. Department Heads
June 29 Compile and Discuss with Town Manager and Department Heads Finance Director
July 23 Receive certified tax roll from Appraisal Districts. Chief Appraisers
Preliminary Budget Workshop—Revenues and recommended budget Town Manager
August 2 reviewed by Town Council and Town Council
August 5 Publish effective and rollback tax rates. Finance Director
Council receives Town Managers Proposed Budget.Town Manager files
Proposed Budget with Town Secretary
(at least 30 days prior to tax levy)
Town Manager,
Meeting of governing body to discuss tax rate; if proposed tax rate will Town Council,
exceed the rollback rate or the effective tax rate(whichever is lower), Finance Director
August 10 take record vote and schedule public hearings. and Town Secretary
Publication of public hearing notices on the proposed budget and increase
of tax rate-- if the tax rate exceeds the effective rate(not earlier than
August 15 the 30"' day or later than the 10"'day prior to the hearing) Finance Director
72 Hour Notice-Publication of public hearing notice on the proposed
budget and increase of tax rate-- if the tax rate exceeds the effective Finance Director
August 20 rate and Town Secretary
First public hearing on the proposed budget and increase of tax rate--if Town Manager
August 24 the tax rate exceeds the effective rate and Town Council
Notice of Vote on Tax Rate Published newspaper and Web site Finance Director
August 27 (at least 7 days before meeting) and Town Secretary
Town Council Meeting to pass Ordinance adopting the Fiscal Year 2012-
2013 Budget and the 2012 Tax Rate to be considered by the Town Town Manager
September 14 Council. and Town Council
Finance Director
September 15 Final approved budget to be filed with Town Secretary. and Town Secretary
Copies of final budget distributed to Town Council and Department Heads
AND Tax Assessor/Collector and Appraisal District notified of current year
September 30 tax rates. Finance Director
October 1 Taxes are billed by the Tax Assessor/Collector. Tax Assessor
Fiscal Year 2012-2013 13 Adopted Budget
11SPER
OWN CIF- "Prosper is a Place Where Everyone Matters"
�i
8OSPER WN OF
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Fiscal Year 2012-2013 14 Adopted Budget
V
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Prosper is a place where everyone matters.
OWN PROFILE
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Town Council
Vision and Strategic Workplan
Organizational Chart
.; g
Schedule of Authorized Positions
r .. Location and Map
t i'9d
Town History
kw Population
il Average Residential Property Tax Bill
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FISCAL YEAR 201.2-2013 ADOPTED BUDGET
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Town of Prosper Profile
i• • E R Town Council
E
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j Mayor
Ray Smith
Term:May 2013
Council Member Place 1 Council Member Place 2
Deputy Mayor Pro-Tern
Mike Korbuly : Kenneth Dugger
Term:May 2013 Term:May 2015
r�rt P1 PER
Council Member Place 3 TowN Council Member Place 4
Mayor Pro-Tern
Curry Vogelsang Jr. Meigs Miller
Term:May 2014 Term:May 2013
COUNCIL
s
F
_
Council Member Place 5 Council Member Place 6
Danny Wilson The Mayor and each of the six(6J Jason Dixon
Term:May 2014 Council Member places are elected at
y large according to the Town Charter. Term:May 2015
Fiscal Year 2012-2013 17 Adopted Budget
Town of 1 1 Profile
•
M iti� Strategic Town Vision&
TOWN OF PROSPER
TOWN COUNCIL
2010
NVORKPLAN
February 23, 2010
PURPOSE
PROSPER IS A PLACE"'HERE EVERYONE MATTERS
BEST IN THE WORLD
Prosper\Hill be the best in the i%orld at prox iding systematic opportunities
that inspire our citizens to actualh make a difference in our Tov,n
VALIIES
I caderslup - Cream rt} - Economic Securlt\ - Securit-, - Helping Others
EXCELLENCE
Excellence is N�hcn v c are a caring C'ommtmitN-NNhen NNe demonstrate
Leadership that adds xalue for our citizens and com munitri.v,hen NNe benefit from
continuous Creati�ih.\\hen\\e hay e sound Economic SeeUrih.V hen\\e prox ide
sustained SecuritN and v,lien\\e are Helping Others.
Fiscal Year 2012-2013 18 Adopted Budget
Town of Prosper Profile
Mo TOWN OF
IU* r r r plaW
GOAL#1 SECURE THE TOWN'S FINANCIAL FUTURE
a Be sound stenards of the To��it's resources and assets '
i Innplcmcut a performance excellence management sN stcnn
u Adopt policies supporting budget goals and ob.icctnes_asset inNestment_
personnel.purchasing. return on imestmcnt strategics.and debt
management strategics
m Implement rate structures throughout the organization that support the cost of
operations.specifically related to hater_sencr and storuncatcr utilities
i� Dev clop and implement financial lnccutn cs for public pritiatc patncrslups
that benefit the commumtN \\ith sustainable infrastructure as\\ell as
dcn clopmcnt
n
1111p lenient stratcg� for information technology_dispatch and radio
reimbursements
GOAL#2 ACTIVELY ENGAGE CITIZENS
a Dex clop a holistic communication s}stem that is personal and transparent
i Utilize as man} communication tools available recognizing the diCQrslh
and flexibillt\ these tools offer.
ii. Establish relationships beween the Tonn s organization and the
communih that inn oh cs consistent and regular personal contact behticen
residents_neighborhoods businesses and the people prov lding scn ices in
the To\\n of Prosper.
u1. Mobilize cv erg one in the connnwnit-, In marketing Prosper
ii Tone n leadership\\ill model and be accountable to excellent customer sen ice
b Prov ide a Inn rtad of opportunities for residents to Interact\\ith each other and the
organizations that scn e the communih.
1. Partner n ith the Prosper Independent School District on as mangy mutualh
beneficial projects possible.
it Create a Crttzens 2010 Bond C'onunrttee
ut. Create a Ton n Charter conunince to consider ancndmcnts to the Toni n Charter
I%_ Promote the Seri eProsper campaign and programs creating opportunities
for aiding local residents in n arious stages of need
The To\\n\\ill host Irmcl\ conunumth meetings_World Cafc s.to discuss
colninu nip issues and opportunities
Fiscal Year 2012-2013 19 Adopted Budget
Town of Prosper Profile
• • i
1j§
GOAL#3 MAKE PROSPER A JEWEL
a ('reate a sense of place for each resident and business to identifi N\rth
r Update the TONNn S C'onnprchensne Plan.Zoning Regulations. Subdn ision
Regulations and Den clopnnent Standards. Propert\ Maintenance and Sign Code
to reflect Prospers Purpose
ii Create an image blueprint for the Towns major thoroughfares and all municipal
construction projects that proxide a%isual`he that binds the conumumt\
together
ur Build physical cn\ironmcuts that pionnotc gathcnng places for the conrnurnith to
come together.
b Create a coninuu11h that is looking for\\ard_encourages and embraces change
i Aggressi�ck pursue and secure economic dcn clopnn:nt opportunities that
\\ill capture the market
u In%est in municipal infrastructure_architecture and de%clopment that
reflect excellence N\ithout compromise and supports Prospers purpose.
in. Create multiple opportunities for the Tm\n to partner\pith Collin and Denton
('oumth's to enhance sen ices and infiastructure pro\ided to the citizens of
Prosper
ix Complete annexation process for areas in Prospers remaining ETJ
GOAL#4 ENHANCE PUBLIC SAFETY
a Positron the Fie and Police Departments to be proactix c
i Implement necessary impro%ements to support the Fur Departments goal
to successfulh reach an ISO Rating of_or better.
it Expand Public Safet\ to include support for customer centered code
enforcement.
in Where feasible consider establishing partnerships\\ith neighboring
communities for Joint dispatch.fire.first responder and ambulance
scrnices
i\ Finalize plans for pro\iding Public Safet} sere ices for residents lip in,,and
\N orking in the NN estern portion of Prosper.
Establish lc\el of sera ice parameters that support the effecti%eness of
Public Safet\ personal
b Utilize technology to pro\ide more opportunit} for personal serl ice
i Construct the necessar\ communications infrastrucnrre for adequate
co\erage for the entire communitx.
it Train all departments and C'ERT in NINIS
J
Fiscal Year 2012-2013 20 Adopted Budget
Town of Prosper Profile '
(� Town Vision : Strategic Workplan
2015 Town Council Goals*
SOUND FISCAL MANAGEMENT
1 Pass Towns First General Obligation Bond(Coal 1,2, 3 and 4)
2 Increase Towns Credit Rating to"A"(Goal 4)
3. Synchronize Tax Rate with expanded services(Goal 4)
4. Offer full slate of online services(Goal 1 and 2)
S. Adopt Budget Policies(Goal 4)
PUBLIC SAFETY AND SECURITY
1 Build Dispatch Center(Goal 3 and 4)
2. Lower ISO Rating(Goal 3 and 4)
3 Purchase Ladder Truck(Goal 3 and 4)
4. Start building second fire station(Goal 3 and 4)
5. Meet Community Police staffing standards(Goal 3 and 4)
ECONOMIC SECURITY
1. Zone property for a Medical Center(Goal 2)
2. Create partnership to spur economic opportunity(Goal 1)
3. Select 200 acre site for college(Goal 2)
SUBSTANTIAL CITIZEN INVOLVEMENT IN COMMUNITY,
1. Start Involvement Committees(Goal 1)
2. Create a virtual Town Hall(Goal 1 and 2)
3. Hire staff and technical Support(Goal 1 and 4)
GATHERING OPPORTUNITIES
1. Integrate gathering places in retail projects(Goal 1 and 2)
2. Plan a Community Center(Goal 1 and 2)
3. Begin installation of Wi/Fi fiber(Goal 1,2,3 and 4)
4. Build a community garden(Goal 1 and 2)
5 Build a PISD/Town Community Park and Stadium(Goal 1,2 and 4)
SUBSTANTIAL RETAIL MULTIPLE TYPES
1. Issue permits for the"Gates of Prosper"(Goal 2 and 4)
2. Open Farmers Market downtown(Goal 1 and 2)
3. Open big box type of projects including Best Buy,Kohl's,Costco,Lowes,Grocery Store(Goal 2 and 4)
Fiscal Year 2012-2013 21 Adopted Budget
Town of Prosper Profile
• , :
Strategic
INFRASTRUCTURE IN KEY LOCATIONS
1. Build west service roads to DNT(Goal 2,3 and 41
2. Purchase parkland(Goal 1,2 and 4)
3. Create Partnerships with public and private sectors to develop projects(Goal 1,2,and 4)
4. Budd water and sewer infrastructure,NTMWD west expansion,connect to Upper Trinity Sewer(Goal
2 and 4)
S. Build transportation infrastructure including west Prosper streets,east Prosper widening,289
expansion(Goal 2,3 and 4)
"Town Council goals as established October 2007.
J
Fiscal Year 2012-2013 22 Adopted Budget
TOWN OF PROSPER,
ORGANIZATIONAL cItIzens oil
FISCAL YEAR 2012-2013
PROSPER �Z
Mayor and Boards 8
Town COUnCit Committees
Municipal Court Town
Judge Attorney
Municipal Town Manager
Court
Assistant to the
Town Manager
Town Secretary Library Finance Police Fire Oerebpment Public Works
Services
Cauntii Agandaa Circulation Aceourtttng Administratlon Adm{nlatratfon Ergirwertng Storm Drainage
&Mlnutoa
Public Information Public Progracna Budget Criminal Emergency Parke� Streets
Roquoats Imostlgatlon: Manrgamant Recraatton C
r
Records Human Dlapatch Emergency Planning Water O
Managoment Rosaur+ua .Medical Services O h'h
p O
Infomtatlon Patrol Fke Operations Code Wastewater �• �'
Technology Gompitanco y "�
o "!
Utlltty Bifling Safety Programs Prevention d Building Corsatn�ctlon n p
Education Inspections Impaction r? "..'"3
(� Town Prosper
Pt, Position
Fund Department Position Type FY 09/10 FY 10/11 ( FY 11/12 FY 11/12 FY 12/13
Revised I Revised Adopted I Revised I Adopted
GENERALFUND
Administration 5.25 6.25 7.25 6.50 6.50
Police 10 11 12 12 15
Dispatch 6 7 7 7 7
Fire 19 19 19 20 20
Fire On-call temporary pool 10 10 10 10 10
Fire Marshal 1 1 1 1 1
Streets 2 2 2 2 2
Library 2 2 2 3 3
Parks 6 6 10 10 10
Court 1 1 1 1 1
Inspections 6 9 9 9 9
Code Compliance 1 1 1 1 1
Planning 2 2 2 2 3
Engineering 1 1 1 1 1
Subtotal Full-Time 56.25 58.25 65.25 65.50 71.50
Subtotal Part-Time 4 8 7 8 6
Subtotal Temporary 12 12 12 12 12
Total General Fund 72.25 78.25 84.25 85.50 89.50
WATER/SEWER FUND
Water 5 5 7 7 8
Wastewater 2 2 3 3 5
Utility Billing 1.75 1.75 1.75 2.50 2.50
Total Water/Sewer Fund All Full-time 8.75 8.75 11.75 12.50 15.50
DRAINAGE UTILITY FUND
Total Utility Fund All Full-time 0 0 1 1 1
ECONOMIC DEVELOPMENT CORPORATION
Administration 2 1 1 2 2
Subtotal Full-Time 1 0 0 1 1
Subtotal Part-Time 1 1 1 1 1
Total Economic Development Corp. 2 1 1 2 2
CAPITAL PROJECTS FUND-CIP Proiect Manaqer
Total Capital Projects Fund Temp Full-time 1 1 1 1 1
Position Type
FY 09/10 I FY 10/11 ( FY 11/12 ( FY 11/12 I FY 12/13
Revised Revised Adopted Revised Adopted
ALL FUNDS
Total Full-Time 66 67 78 80 89
Total Part-Time 5 9 8 9 7
Total Temporary 13 13 13 13 13
Total All Funds 84 89 99 102 109
Fiscal Year 2012-2013 24 Adopted Budget
Town of Prosper Profile
OWN OF Location
ISPER
Denton Pmtsper the Me tro plex
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The Town of Prosper, TX is located in North Its peaceful setting beckons families to
Central Texas, and covers approximately 27 experience its wide open spaces, small town
square miles of the Dallas/Forth Worth charm, city convenience and close knit
Metroplex ("DFWH). Prosper includes community.The Town is bursting with pride for
incorporated areas in both Collin and Denton its first rate education and state championship
Counties, with most of the Town's population sports teams, picturesque ranches and other
residing in Collin County. The Town is amenities. Access to the DFW area coupled
positioned at the crossroads of Preston Road with a commitment to maintain a high standard
and US Highway 380, and is just five minutes of living have created substantial growth for
north of the bustling Dallas North Tollway the Prosper community and this growth is
cities of Frisco and Plano. expected to turn up sharply in the next few
years.
Fiscal Year 2012-2013 25 Adopted Budget
Town of 1 1 ' 1
Ifistory
• ;LZ
Prosper began with the first settlers arriving in this area in 1846.
Those who settled here were drawn to North Texas'black prairie
soil-rich,fertile land that nurtured a thriving cotton crop in a time
when cotton was"King". Between 1850 and 1902,two
settlements coexisted.One community,two miles south of the `
present town,was called Rock Hill.The second community,one
mile north,was called Richland.The development of these small
communities was expedited in 1876 when County Courts ordered
small tracts of land to be established for quick sale.These tracts, `
each approximately 160 acres in size,were sold for$3.50 per acre.
Dr.A.T. Bryant of McKinney purchased one of the tracts,which
later became the geographic nucleus for the Town of Prosper. `
The establishment of the St. Louis&San Francisco Railroad in March of 1902 created the change that forced the communities
of Rock Hill and Richland to merge forming the Town of Prosper. For years, Prosper was the central stop for the railroad
between Dallas and Sherman.When community officials applied for a Post Office with the name"Richland",they were
informed that city name was already taken. Postmaster B.J. Naugle asked for an alternative name and J.C.Slaughter suggested
the name Prosper.A new name was adopted for the hybrid community-one that spoke of the prosperous living conditions
and the prosperous crops harvested that year.And so it was that the town of Prosper was born.
The Town of Prosper was incorporated in 1914 with a commission form of
} government and a population of 500.U.N.Clary was Mayor and served in
that position for the next 49 years. It served for decades as a market center
t` for area farmers and their abundant cotton and corn crops.From the mule
drawn wagon and horse drawn buggy,the automobile evolved.Thus began
the evolution of people moving in and out of the rural community.
Surviving the war and the depression,the mechanization of farming
`": _ ,•� provided the next big impact on Prosper's population. In 1980,the
introduction of light industry,combined with the growth of the Metroplex,
_µL•
led to a comeback for Prosper.
To this day,Prosper has managed to retain its 19th century country charm,carefully controlling its growth to that end.Unlike
the bustling cities of Dallas,Plano and Frisco that lie just a few miles south,Prosper is characterized by estate-size home sites,
pristine rolling hills and vast expanses of open land.Here,you'll discover an alluring lifestyle in beautiful homes that populate
quiet neighborhoods.Today,Prosper is the home to more than 100 businesses and hundreds of new families.
The Town of Prosper is"A Place Where Everyone Matters."
a '
Fiscal Year 2012-2013 26 Adopted Budget
Town of Prosper Profile '
IN OF Population I
'! 1�_O§P1FR
18,000 - - 16,672 -
16,000
14,000 -- -- - - - - -- -
13,531 - - -
12,190
12,000
10,000 -
- 9.423-
8,000 -- - - - -- ._---- - - -- - - - --
6,350
6,000 --5,250 - -- -
4,000 3,100 - - -
21097 2,400
2,0000 �� � - -- -. �
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OO 01, OD ti0
,LO ,LO ,LO ,LO ,LO ,y0 ALO ,LO ,LO ,y0 ,LO ,LO
Source: Population estimates to date are from North Central Texas Council of Governments;
Future estimates are from Town of Prosper Staff
The economy dictates the timing of population increases, but the final population will be most greatly affected
by the types of development that occur. Town Council approved the 2012 Comprehensive Plan,which
improves and replaces the 2004 Plan. Policy-makers and Town staff will use this document as a guide while
reviewing development projects,Town budget, prioritizing capital improvement projects and drafting
ordinances to direct growth that leads to the established vision. The Future Land Use Plan (below) sets an
overall framework for the preferred pattern of development within Prosper.
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La+L`ensd,R.-xdd14 MOld To.,U.— Future •
Madun Lens Rr—.+Jenaa: Taxn Center j( Mapr fytr.rva, t.e N E
NRIIOLS Z rx9n eer�n,Res�Jrea� -}_ TAl..,Dodd. J�✓��■}" Land Use P Ri'Cb S P E R
Re '8 4eghtraMHw Se.Res WM tis 363 Lln 7--,
F-1 _F____ 2— �0.LM. RusmessP�nY t00YerfroaJ:lan T"d.lF3,.a , Plan
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Fiscal Year 2012-2013 27 Adopted Budget
Town of Prosper / 1
Property Average Residential Bill
The average property tax bill for a Prosper resident in Collin County is calculated below assuming
the 2012 average home taxable value of$321,662 at the adopted rate for Prosper of$0.52 per $100
taxable valuation with no exemptions.
Rate per x
$100 Valuation Tax Levy
Jown of Prosper $ 0.520000 $ 1,672.64
'.Prosper ISD ` $ 1 .670000 $ _5,371 .76
{Collin County C 0.240000 $ 771 .99
Collin College $ 0.086299 $ 277.59 ,
. .
8,093.987
Prosper ISD,
$1.670000,
66.37%
Town of _
Prosper, f
$0.520000,
20.67
Collin College, Collin County,
$0.086299,
3.43% $0.240000,
9.54%
The tax rates of entities are from the Collin CAD and Denton CAD websites.
Below is a quick comparison of the Town of Prosper's Property Tax Rate to other cities.
2012 Tax Rates
Rounded to 3 digits if longer
$1.00 - - -
$0.90 - - - - - - - - -
0 771
$0.80 t - - - - --
$0.70 ; - --- II.586 U.610 -0.615 0.630.0.645 0.650 0.665 x_630�•
$0.60 :- --- ---- - 0 520 D552-0.570 --- - - - - - - 681- - --
f3 69
$0.50 j-0:360--0.374 0.377 4462 - --- - - - -- -- -- -- - - - - -
$0.40 -�--------------- - - -- -- -- - - - -- - - --- --- -- - -
$0.30 - - - - - - - -
$0.20 w - -- - - -- - -- - - --
$0.10 -
$0.00 - - - -- T -
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-iscal Year 2012-2013 28 Adopted Budget
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Prosper is a place where everyone matters.
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Consolidated Town. Fund Summaries
Individual Fund Summaries
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FISCAL YEAR 2012-2013 ADOPTED BUDGET
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Consolidated r r Fund Summaries
N OF
ANNUAL SUMMARY
ADOPTED
ACfUAL FUND ACCOUNT TYPE + 2010-2011 l BUDGETED 2011--2012 P 2011,012 D 2012-2013 BUDGET
GENERAL REVENUES 8,569,340 7,953,158 9,543,364 9,162,627
EXPENDITURES 8,074,381 8,287,253 8,138,347 9,162,627
NET REVENUES OVER(UNDER)EXPENDITURES 494,959 (334,095) 1,405,017 0
WATER/SEWER REVENUES 7,144,187 6,543,600 7,919,524 7,901,000
EXPENDITURES 5,643,705 7,293,283 7,619,251 8,238,516
NET REVENUES OVER(UNDER)EXPENDITURES 1,500,482 (749,683) 300,273 (337,516)
DEBT SERVICE(I&S) REVENUES 2,161,754 2,530,667 2,577,918 2,781,956
EXPENDITURES 2,001,166 2,399,802 2,393,818 2,556,481
NET REVENUES OVER(UNDER)EXPENDITURES 160,588 130,865 184,100 245,475
CAPITAL PROJECTS REVENUES 3,618,958 242,000 13,694,890 242,000
EXPENDITURES 3,608,158 7,693,085 6,727,092 4,501,085
NET REVENUES OVER(UNDER)EXPENDITURES 10,800 (7,451,085) 6,967,798 (4,259,085)
PARKS REVENUES 13,751 128,800 401,843 128,800
EXPENDITURES 438,615 1,620,000 780,142 1,620,000
NET REVENUES OVER(UNDER)EXPENDITURES (424,864) (1,491,200) (378,299) (1,491,200)
IMPACT Z=EES REVENUES 1,622,804 1,310,000 2,075,347 2,620,000
EXPENDITURES 966,204 5,553,000 983,764 6,163,000
NET REVENUES OVER(UNDER)EXPENDITURES 656,600 (4,243,000) 1,091,583 (3,543,000)
INTERNAL SERVICE REVENUES 69,823 82,300 58,434 82,300
EXPENDITURES 36,347 50,000 49,562 50,000
NET REVENUES OVER(UNDER)EXPENDITURES 33,476 32,300 8,872 32,300
SPECIAL REVENUE REVENUES 125,677 52,400 798,048 52,400
EXPENDITURES 337,085 369,200 343,124 59,200
NET REVENUES OVER(UNDER)EXPENDITURES (211,408) (316,800) 454,924 (6,800)
STORM DRAINAGE REVENUES 194,476 236,000 206,643 209,000
EXPENDITURES 98,865 190,190 158,735 241,513
NET REVENUES OVER(UNDER)EXPENDITURES 95,611 45,810 47,908 (32,513)
Fiscal Year 2012-2013 31 Adopted Budget
General Fund Summary
iF01
FUND BALANCI, AND RESERVE POSITIONING
ADOPTED
FUND 1ACCOUNTTYPE ( 2010-2011 I BUDGETED ( P2011-2012D I 2012 2013
REVENUES Property Tax 3,868,027 3,940,354 3,925,185 4,309,802
Sales Tax 1,320,686 1,133,500 1,878,767 1,404,500
Franchise Fees 424,485 365,550 454,368 434,500
License,Fees&Permits 670,199 1,241,100 1,846,947 1,622,625
Charges for Services 163,188 202,905 216,252 192,900
Fines&Warrants 386,001 220,000 247,335 280,000
Grants 284,645 131,289 198,129 30,250
Investment Income 69,567 75,500 48,596 60,100
Miscellaneous 114,666 56,250 141,073 26,250
TOTAL REVENUES $ 7,301,464 $ 7,366,448 $ 8,956,654 $ 8,360,927
EXPENDITURES Administration 1,524,824 1,395,410 1,435,081 1,508,770
Code Compliance 144,368 163,390 142,128 169,370
Dispatch 399,632 632,433 564,755 635,680
Engineering 164,812 155,995 154,830 157,575
Fire Dept 2,129,840 2,197,039 2,126,392 2,486,058
Inspections 423,145 474,805 462,932 582,195
Municipal Court 217,117 256,140 235,393 234,730
Parks 529,756 762,256 780,763 833,675
Planning 385,206 318,544 332,858 333,823
Police Dept 1,071,276 1,195,645 1,177,182 1,529,755
Public Library 69,748 84,060 84,533 94,895
Streets 302,862 334,359 338,717 387,944
Capital Outlay 646,325 300,177 285,783 164,450
Debt Service 35,230 - - -
TOTAL EXPENDITURES $ 8,044,141 $ 8,270,253 $ 8,121,347 $ 9,118,920
Period Excess/(Deficit) $ (742,677) $ (903,805) $ 835,307 $ (757,993)
OTHER FINANCING Transfers(out) (30,240) (17,000) (17,000) (43,707)
Transfers In 841,446 586,710 586,710 801,700
Proceeds from Insurance 426,430 - - -
TOTAL OTHER FINANCING SOURCES(USES) $ 1,237,636 $ 569,710 $ 569,710 $ 757,993
NET CHANGE IN FUND BALANCE $ 494,959 $ (334,095) $ 1,405,017 $ -
BEGINNING FUND BALANCE $ 5,073,909 $ 5,568,868 $ 5,568,868 $ 6,973,885
ENDING FUND BALANCE $ 5,568,868 $ 5,234,773 $ 6,973,885 $ 6,973,885
BALANCE OF UNRESTRICTED FUNDS $ 5,568,868 $ 5,234,773 $ 6,973,885 $ 6,973,885
Less: 25%Reserve(90 Days) 2,011,035 2,067,563 2,030,337 2,279,730
20%Contingency per Charter(72 Days) 1,608,828 1,654,051 1,624,269 1,823,784
AMOUNT OVER(UNDER)MINIMUM RESERVE TARGET $ 1,949,004 $ 1,513,159 $ 3,319,279 $ 2,870,371
AMOUNT OVER(UNDER)IN DAYS OPERATING COST 87 66 147 113
Fiscal Year 2012-2013 32 Adopted Budget
Water & Sewer Fund Summary
"
NI:T ASSEI'S AND RESERVE POSITIONING
FUND (ACCOUNT TYPE I 010-20 1 I 2011-2012 10 I PROJECTED I 2012 013
REVENUES- Operating Water and Sewer Charges 5,902,345 5,478,700 6,377,811 6,733,500
Sanitation Charges 618,175 687,000 720,038 720,000
Water and Sewer Connections 425,714 230,000 601,286 300,000
Service Initiation&Other Fees 37,314 25,900 58,705 42,500
Late Payment Penalties 63,305 57,000 69,286 50,000
Miscellaneous 46,217 25,000 59,134 25,000
Total Operating $ 7,093,071 $ 6,503,600 $ 7,886,261 $ 7,871,000
Non-Operating Interest Income 51,116 40,000 33,263 30,000
Total Non-Operating $ 51,116 $ 40,000 $ 33,263 $ 30,000
Trasfers In Operating Transfers - - - -
Transfers in from Other Funds - - - -
Total Transfers In $ - $ - $ - $ -
TOTAL REVENUES $ 7,144,187 $ 6,543,600 $ 7,919,524 $ 7,901,000
EXPENSES- Operating Personnel Services 532,039 703,485 667,659 907,841
Materials and Supplies 1,449,876 1,558,215 1,392,290 1,636,900
Town Services/Maintenance 178,624 228,600 206,043 245,150
Contractual Services 1,868,607 2,224,808 1,800,802 2,310,458
Depreciation&Amortization 637,921 650,000 1,000,000 750,000
Total Operating $ 4,667,067 $ 5,365,108 $ 5,066,794 $ 5,850,349
Non-Operating Interest Expense&Fiscal Charges 553,913 1,353,465 1,495,206 1,596,847
Total Non-Operating $ 553,913 $ 1,353,465 $ 1,495,206 $ 1,596,847
TOTAL EXPENSES Before Operating Transfers $ 5,220,980 $ 6,718,573 $ 6,561,999 $ 7,447,196
Net Income(Loss) Before Operating Transfers $ 1,923,207 $ (174,973) $ 1,357,524 $ 453,804
TRANSFERS Transfers Out for Internal Service (4,725) (2.160) (2,160) (2,160)
Transfers Out for General Fund (418,000) (572,550) (572,550) (789,160)
Transfers Out to Capital Projects (482,541)
Total Transfers $ (422,725) $ (574,710) $ (1,057,251) $ (791,320)
CHANGE IN NET ASSETS $ 1,500,482 $ (749,683) $ 300,273 $ (337,516)
BEGINNING NET ASSETS $ 11,622,550 $ 13,123,032 $ 13,123,032 $ 13,423,305
ENDING NET ASSETS $ 13,123,032 $ 12,373,349 $ 13,423,305 $ 13,085,789
25%Minimum Operating Reserve(90 Days) 1,061,085 1,197,600 1,123,021 1,264,757
2%Capital Replacement Reserve 681,409 928,876 949,875 1,211,591
Fiscal Year 2012-2013 33 Adopted Budget
Debt i Summary
FUNU BALANCL BUDGET
ADOPTED
ACTUAL FUND 1ACCOUNTTYPE ( 2010-2011 I BUDGETED I PROJECTED D I 2012-2013
REVENUES Property Tax 2,144,426 2,514,667 2,521,623 2,769,956
Investment Income 17,328 16,000 56,295 12,000
TOTAL REVENUES $ 2,161,754 $ 2,530,667 $ 2,577,918 $ 2,781,956
EXPENDITURES Principal 904,400 1,299,100 1,299,100 1,395,650
Interest 1,093,098 1,077,702 1,077,702 1,140,831
TOTAL EXPENDITURES $ 1,997,498 $ 2,376,802 $ 2,376,802 $ 2,536,481
Period Excess/(Deficit) $ 164,257 $ 153,865 $ 201,117 $ 245,475
OTHER FINANCING Administrative Fees 3,668 23,000 17,016 20,000
Transfers Out for Debt Service - - - -
TOTAL OTHER FINANCING SOURCES(USES) $ 3,668 $ 23,000 $ 17,016 $ 20,000
NET CHANGE IN FUND BALANCE $ 160,588 $ 130,865 $ 184,100 $ 225,475
BEGINNING FUND BALANCE $ 576,671 $ 737,259 $ 737,259 $ 921,360
ENDING FUND BALANCE $ 737,259 $ 868,125 $ 921,360 $ 1,146,835
Fiscal Year 2012-2013 34 Adopted Budget
Capital 1 1
� 1 u► •
FUND BALANCE
ADOPTED
I , 1 BUDGETED I P2 � D BUDGET
FUND I ACCOUNT TYPE 2 10 2011 I 2011-2012 2011-2012 I 2012-2013
REVENUES Investment Income 28,637 7,000 27,954 7,000
Grants 1,108,857 235,000 2,863,034 235,000
Donations&Contributions 200,747 - - -
TOTAL REVENUES $ 1,338,241 $ 242,000 $ 2,890,987 $ 242,000
EXPENDITURES General Government 104,815 144,085 146,186 101,085
Capital Outlay 3,056,694 7,282,000 6,389,355 4,400,000
Debt Interest&Fiscal Charges 58,771 267,000 191,551 -
TOTAL EXPENDITURES $ 3,220,280 $ 7,693,085 $ 6,727,092 $ 4,501,085
Period Excess/(Deficit) $ (1,882,040) $ (7,451,085) $ (3,836,104) $ (4,259,085)
OTHER FINANCING Proceeds From Bond Issuance 2,045,000 9,774,811
Premium On Issuance of Bond 11,039 546,551 -
Transfers In 224,679 482,541
Transfers(Out) (387,878) -
TOTAL OTHER FINANCING SOURCES(USES) $ 1,892,840 $ - $ 10,803,903 $ -
NET CHANGE IN FUND BALANCE $ 10,800 $ (7,451,085) $ 6,967,798 $ (4,259,085)
BEGINNING FUND BALANCE $ 5,337,350 $ 5,348,150 $ 5,348,150 $ 12,315,948
ENDING FUND BALANCE $ 5,348,150 $ (2,102,935) $ 12,315,948 $ 8,056,863
Fiscal Year 2012-2013 35 Adopted Budget
I
Parks Fund Summary :,
OFR
PE
FUND BALANCE:
ADOPTED
ACTUAL
FUND 1ABUDGETED
C`COUN'I T YPE 0 0 2011 2011 2 12 P 2011-2012D 2012 2013
REVENUES Park Improvement Fees 75,000 81,567 75,000
Park Dedication Fees 50,000 90,000 50,000
Park Improvement-Interest 5,035 2,500 3,401 2,500
Park Dedication-Interest 2,775 1,300 1,314 1,300
Donations&Contributions 5,940 - 225,561 -
TOTAL REVENUES $ 13,751 $ 128,800 $ 401,843 $ 128,800
EXPENDITURES General-Parks Dedication - - - -
General-Parks Improvement 38,435 57,005
Professional Parks Dedication - - 4,500 -
Professional -Parks Improvement 800 20,000 - 20,000
Capital -Parks Dedication 377,397 600,000 206,513 600,000
Capital-Parks Improvement - 1,000,000 - 1,000,000
Miscellaneous 21,984 - 512,125 -
TOTAL EXPENDITURES $ 438,615 $ 1,620,000 $ 780,142 $ 1,620,000
Period Excess/(Deficit) $ (424,864) $ (1,491,200) $ (378,299) $ (1,491,200)
NET CHANGE IN FUND BALANCE $ (424,864) $ (1,491,200) $ (378,299) $ (1,491,200)
BEGINNING FUND BALANCE $ 1,974,363 $ 1,549,499 $ 1,549,499 $ 1,171,200
ENDING FUND BALANCE $ 1,549,499 $ 58,299 $ 1,171,200 $ (320,000)
Fiscal Year 2012-2013 36 Adopted Budget
(U' Impact
1
FUND BALANCE
FUND 1ACCOUNTTYPE I 2010 2 111 I B2011 2 12n I P 2011,012n I 2012-2013
REVENUES Impact Fees-Water 457,889 400,000 622,509 800,000
Impact Fees-Sewer 393,441 350,000 539,841 700,000
Impact Fees-Thoroughfare 740,809 550,000 878,537 1,100,000
Investment Income 30,666 10,000 34,460 20,000
TOTAL REVENUES $ 1,622,804 $ 1,310,000 $ 2,075,347 $ 2,620,000
EXPENDITURES General-Water 48,917 610,000 347,150 1,220,000
General-Sewer 135,206 255,000 28,818 255,000
General-Thoroughfare 51,395 60,000 17,098 60,000
Capital Outlay-Water - 978,000 293,550 978,000
Capital Outlay-Sewer - 950,000 195,049 950,000
Capital Outlay-Thoroughfare 697,731 2,700,000 124,943 2,700,000
Impact Fee Reimbursement 32,956 - 76,381 -
TOTAL EXPENDITURES $ 966,204 $ 5,553,000 $ 1,082,989 $ 6,163,000
Period Excess/(Deficit) $ 656,600 $ (4,243,000) $ 992,358 $ (3,543,000)
OTHER FINANCING Transfers In - -
Transfers Out - 99,225
TOTAL OTHER FINANCING SOURCES(USES) $ - $ - $ 99,225 $
NET CHANGE IN FUND BALANCE $ 656,600 $ (4,243,000) $ 1,091,583 $ (3,543,000)
BEGINNING FUND BALANCE $ 6,238,857 $ 6,895,457 $ 6,895,457 $ 7,987,040
ENDING FUND BALANCE $ 6,895,457 $ 2,652,457 $ 7,987,040 $ 4,444,040
Fiscal Year 2012-2013 37 Adopted Budget
l• Internal Service Fund Summary
NF:T ASSETS ANll RESERVE POSITIONING
I 2012-2013
ADOPTED 3 ' P E D BUDGET 1ACCOUNTTYPE I 20 0 Z 11 I 01l 2 12 2011-2012 1
REVENUES Transfers In 69,255 81,800 57,500 81,800
Investment Income 568 500 934 500
TOTAL REVENUES $ 69,823 $ 82,300 $ 58,434 $ 82,300
EXPENSES Operating Expenses 36,347 50,000 49,562 50,000
Transfers Out - - - -
TOTAL EXPENDITURES $ 36,347 $ 50,000 $ 49,562 $ 50,000
Period Excess/(Deficit) $ 33,476 $ 32,300 $ 8,872 $ 32,300
CHANGE IN NET ASSETS $ 33,476 $ 32,300 $ 8,872 $ 32,300
BEGINNING NET ASSETS $ 55,893 $ 89,369 $ 89,369 $ 98,241
ENDING NET ASSETS $ 89,369 $ 121,669 $ 98,241 $ 130,541
Fiscal Year 2012-2013 38 Adopted Budget
i
Special Revenue Fund Summary :,
N OF
FUND B LANCL
ADOPTED BUDGET
FUND ACCOUNT TYPE I 2010-2011 1 I B2011-2012D I PROJECTED 011-2012 I 2012-2013
REVENUES Police Donations 15,785 16,000 16,530 16,000
Fire Donations 15,130 12,000 11,714 12,000
Health&Safety Fair Donations 1,336 2,000 50 2,000
Child Safety Donations 5,530 3,000 11,044 3,000
Court Security Revenue 3,436 2,900 3,467 2,900
Court Technology Revenue 4,025 4,000 4,591 4,000
Escrow Income 53,351 - 727,013 -
Christmas Festival Revenues 19,990 10,000 20,232 10,000
Cash Seizures 7,095 500 3,407 500
Grants - 2,000 - 2,000
TOTAL REVENUES $ 125,677 $ 52,400 $ 798,048 $ 52,400
EXPENDITURES Police Expense 26,488 8,000 14,509 8,000
Fire Expense 17,262 8,000 9,207 8,000
Health&Safety Fair Expense - 1,500 2,644 1,500
Child Safety Expense 1,628 1,000 1,532 1,000
Court Security Expense 1,275 2,500 839 2,500
Court Technology Expense 14,422 12,200 2,425 12,200
Escrow Expense - 315,500 292,723 15,500
Christmas Festival Expenses 23,975 20,000 19,245 10,000
Cash Seizures Expense - 500 - 500
Miscellaneous 3,188 - - -
TOTAL EXPENDITURES $ 88,238 $ 369,200 $ 343,124 $ 59,200
Period Excess/(Deficit) $ 37,439 $ (316,800) $ 454,924 $ (6,800)
TRANSFERS Transfers Out for General Fund (248,847) -
Total Transfers $ (248,847) $ - $ - $
NET CHANGE IN FUND BALANCE $ (211,408) $ (316,800) $ 454,924 $ (6,800)
BEGINNING FUND BALANCE $ 1,937,380 $ 1,725,972 $ 1,725,972 $ 2,180,896
ENDING FUND BALANCE $ 1,725,972 $ 1,409,172 $ 2,180,896 $ 2,174,096
Fiscal Year 2012-2013 39 Adopted Budget
r
Storm Drainage Utility Fund Summary !
I 'E'�
i+1►
NE'I ASSETS AND RESERVF?IIOSITI0NING
ADOPTED
ACTUAL BUDGETED PROJECTED BUDGET
FUND ACCOUNT TYPE I 2010-2011 I 2011-2012 1 2011-2012 1 2012-2013
REVENUES- Operating Storm Drainage Charges 192,350 235,000 204,360 208,000
Total Operating $ 192,350 $ 235,000 $ 204,360 $ 208,000
Non-Operating Interest Income 2,126 1,000 2,283 1,000
Total Non-Operating $ 2,126 $ 1,000 $ 2,283 $ 1,000
TOTAL REVENUES $ 194,476 $ 236,000 $ 206,643 $ 209,000
EXPENSES- Operating Personnel Services - 43,740 10,429 42,715
Materials and Supplies 66,466 10,550 16,205 12,550
Town Services/Maintenance - 4,900 - 4,900
Contractual Services 20,999 116,600 115,941 58,450
Depreciation&Amortization 2,000 3,200
Total Operating $ 87,465 $ 175,790 $ 144,575 $ 121,815
Non-Operating Interest Expense&Fiscal Charges - - - 106,918
Total Non-Operating $ - $ - $ - $ 106,918
TOTAL EXPENSES Before Operating Transfers $ 87,465 $ 175,790 $ 144,575 $ 228,733
Net Income(Loss) Before Operating Transfers $ 107,011 $ 60,210 $ 62,068 $ (19,733)
TRANSFERS Transfers Out for Internal Service - (240) - (240)
Transfers Out for General Fund (11,400) (14,160) (14,160) (12,540)
Transfers Out to Capital Projects
Total Transfers $ (11,400) $ (14,400) $ (14,160) $ (12,780)
CHANGE IN NET ASSETS $ 95,611 $ 45,810 $ 47,908 $ (32,513)
BEGINNING NET ASSETS $ 115,237 $ 210,848 $ 210,848 $ 258,756
ENDING NET ASSETS $ 210,848 $ 256,658 $ 258,756 $ 226,243
Fiscal Year 2012-2013 40 Adopted Budget
Economic Development Corporation PER
Z=UNI) I3ALANCL
ADOPTED BUDGET
ACMAL FUND 1ACCOUNTTYPE I 2010-2011 I BUDGETED I P2011-012 D I 012-201
REVENUES Sales Tax 438,636 376,667 624,952 466,667
Investment Income 20,299 20,000 22,894 20,000
Other Income - - 6,921 -
TOTAL REVENUES $ 458,935 $ 396,667 $ 654,766 $ 486,667
EXPENDITURES General Expenses 126,869 324,790 303,939 157,755
Capital Outlay -
TOTAL EXPENDITURES $ 126,869 $ 324,790 $ 303,939 $ 157,755
Period Excess/(Deficit) $ 332,066 $ 71,877 $ 350,827 $ 328,912
OTHER FINANCING Transfers(out) - - - (405)
Transfers In - - -
TOTAL OTHER FINANCING SOURCES(USES) $ - $ - $ - $ (405)
NET CHANGE IN FUND BALANCE $ 332,066 $ 71,877 $ 350,827 $ 328,507
BEGINNING FUND BALANCE $ 1,578,128 $ 1,910,194 $ 1,910,194 $ 2,261,021
ENDING FUND BALANCE $ 1,910,194 $ 1,982,071 $ 2,261,021 $ 2,589,528
Fiscal Year 2012-2013 41 Adopted Budget
r
IWN OF- "Prosper is a Place Where Everyone Matters"
TOWN OF
R SPER
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Fiscal Year 2012-2013 42 Adopted Budget
I
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L OWN OF -V
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Prosper is a place where everyone matters. $'
IIZEVE
NUE PRO ECTIONS
I YT-
t'
General Fund Projected Revenue Sources
�yf Property Valuations & Ad Valorem em Taxes
Property Tax Rate Distribution '
Sales Tax
Water & Sewer Fund Revenue Outlook
{` Other Town Funds Estimated Revenues
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FISCAL YEAR 2012-2013 ADOPTED BUDGET _
I NMI
.s
V
General Fund Revenues & Sources :
N OF
Revenues•
Projected r 2012-2013
Revenue Category FY 2013 Adopted p %of Total
Property Tax $4,309,802
License, Fees & Permits $1,622,625
Sales Tax $1,404,500 15.3%
Interfund Transfers In $801,700 8.7%
Franchise Fees $434,500 ; 4.7%
'Fines & Warrants $280,000 = 3.1%
r
F
sCharges for Services $192,900 2.1%
;Investment Income $60,100 i 0.7% 6
Grants $30,250 0.3%
tMiscellaneous $26,250 0.3%
Revenue Total $9,162,627 I 100.0%
.
,....-.�........,.,.r_...,.......,�_..., i
Charges for Services Investment Income
Fines& Warrants $192,900
Franchise Fees $280,000 2 1% $60,100 Grants
$434,500 3.1% 0.7% $30,250
4.7% 0.3% Miscellaneous
$26,250
Interfund Transfers In 0.3%
$801,700
8.7%
Property Tax
$4,309,802
47.0%
Sales Tax \\License Fees&
$1,404,500 Permits
15.3% $1,622,625
17.7%
Fiscal Year 2012-2013 45 Adopted Budget
Property 1 ♦ Ad Valorem
N OF� Impacts
111
$1,400,000 -
- -- - -- - _ $400,000
I342,977 344,458 333,084
$1,200,000 - 32`,387 i $350,000
315,308, --- -3 662
$1,000,000 i -_ 279,46 $300,000
- -- -
255,321
242,304
226,500 $250,000
$800,000 1, 9,6a7
s ! 1, 5,781 $200,000
$600,000 - - 1, 5,769 --
1, 5,915
9 ,986 $150,000
$400,000
7 120
5 , $100,000
039
Z .
- - _ -
$200,000 2 ,199 3 ,600 4 ,296 - -- $50,000
R
2003 2004 2005 2006 2007 2008 2009 2010 2011 2012
E*Certified Net Assessed Taxable Valuations —Avg Home Taxable Value
Uses ARB approved Totals
Source: Collin CAD and Denton CAD Certified Totals 2003-2012
Certified Net Assessed Taxable Increased 9.4%
Existing Property Values Increased 1.6% Overall
New Construction Totaled $ 94.6 Million
Ad Valorem Taxes
Total Freeze Adjusted Taxable Value $1,253,320,576
Times Tax Rate (Per$100) 0.52
Times Anticipated Tax Collections 100%
Plus Actual Tax on Freeze $464,113
TOTAL TAX LEVY $6,981,380
One Penny on the Tax Rate $125,332
Fiscal Year 2012-2013 46 Adopted Budget
Property Distribution
N OF! Impacts
General Fund ■ 1 &S Fund
Fiscal Year General Fund I&5 Fund Total
2007-08 0.275075 0.244925 0.520000
2008-09 0.305011 0.214989 0.520000
2009-10 0.314084 0.205916 0.520000
2010-11 0.334742 0.185258 0.520000 !
2011-12 0.316937 0.203063 0.520000
2012-13 0.316914 0.203086 0.520000
0.0 0.1 0.2 0.3 0.4 0.5 0.6
Tax Rate Distribution
&S Fund FY 2012-2013
39%
General Fund
61%
FY 2011-2012 FY 2010-2011
1&S I&S
Fund Fund
39% 36%
General General
Fund
6 Fund
1%
64%
FY 2009-2010 FY 2008-2009 FY 2007-2008
1&5 I&5 I&S
Fund Fund Fund
40%1 41% 47%
General General General
Fund Fund Fund
60% 59% 53%
Fiscal Year 2012-2013 47 Adopted Budget
r
L ME R
Sales Taxes
Impacts General and EDC Funds
$3,000 - -- - - -
i
I
r
$2,500 j -- - - --- - -
$600
- - -
2,000 --- - - -- - - - - - - --- - - H EDC
5502 Sales
$469 r "[A
r � F A $467 Tax
$1,500 - -$402 - - $428 - $435- $439- ---
$323 $358 91 Town
c -
- -
$1,000 Sales
o
'- ---- ---- -- ---- 800
406 507 284 ,3q9 326
4q0 Tax
205 A
$500 70
a
y _
o°�\oh o°n\o� o°�\ °°\y° °ti°\yy
<1
Source: The Texas State Comptrollers Website
Notes: The Town Sales Tax Includes $0.005 for Property Tax Relief
Prosper received a significant one-time, multi-year audit payment from the State
skewing the FY 2008 total. If removed receipts would have totaled $1.056 Million
for the Town and $352 Thousand for the EDC.
Sales taxes contribute approximately 15.3% 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.
FY 2012 was an especially strong year, but FY 2013 projections reflect historical trend.
Town Sales tax revenues are primarily generated within four areas of business. The
business types are categorized according to the North American Industry Classification
System ("NAICS"). The Town receives some revenues, even though many are small
denominations, from over three hundred NAICS codes or business types. The top four
contributing NAICS classifications in Prosper(in no particular order) are Landscaping
Services, Home Centers, Ready-Mix Concrete Manufacturing and Electric Power Distribution.
Sales in these top four account for over 50% of the Town's Sales Tax Receipts. Two of the
four are directly and another one is indirectly tied to the construction industry.
Fiscal Year 2012-2013 48 Adopted Budget
Water + Sewer Fund Revenues & Sources
N OF
Revenues Projected I 1
1�'O§PER
Revenue Category FY 2013 Adopted %of Total
Water Charges $4,690,000
Sewer Charges $2,043,500 25.9%
Solid_Waste Charges t $720,000 € 9.1%
._ _..
Tap & Construction. Y TM _ .._.._$300,000 3.8%wJ
Penalties $50,000 ' 0.6%
±Investment Income $30,000 _ 0.4%
iLicense, Fees & Permits ,
$42 500 0.5%
"Miscellaneous R $25,000 r _0.3%
Revenue Total r $7,901,000 100.0%
Other Sources
Tap & Construction $147,500
Solid Waste $300,000 2%4%
Charges
$720,000
Sewer Charges Water Charges
$2,043,500 $4,690,000
26% 59%
Fiscal Year 2012-2013 49 Adopted Budget
Other Funds Revenues & Sources
N OF Revenues Projected for FY 2012-2013
t t11*
Debt Capital V I Internal I Special Storm
Revenue Category I Senice Projects Parks Impact Fees Service Revenue Drainage EDC
Property Tax 1 2,769,9561 1 1 1 1 1
ISales Tax 1 -I 1 1 1 1 I 1 466,667
0 Ilnvestement Income 1 12,0001 7,0001 3,8001 20,0001 5001 -1 1,0001 20,001
1License,Fees&Permits I 1 I 125,0001 -1 -1 208,0001 I
Fines&Warrants I 1 1 1 -1 -1 10,4001 -1
Impact Fees I I I 2,600,0001 -1 -1 -1 I
Donations/Contributions 1 1 I =1 _I =� 40,0001
1Escrow Income I 1 1 1 1 1 1 jl 1
(Grants/Reimbursements 1 1 235,0001 1 I -1 2,0001 lI
(Transfers In 1 1 -1 1 1 81,8001 -1 -1
(Fund Total Revenues 1 2,781,956 1 242,000 1 128,800 1 2,620,000 1 82,300 I 52,400 1 209,000 1 486,667 l
Investement Debt Service Capital Projects
Income
0
Investement,
Income
3%
Grants/
Reimb
79%
Property Tax
100%
Parks Impact Fees Internal Service
Investement Investement Investement
Income Income Income
3% 1°1 1�
License,Fees Impact Fees
_ &Permits — 990 Transfers In
97% 99%
Investement EDC
Special Revenue Storm Drainage Income
License,Fees Investement 4%
&Permits Income
0% 0%
ir.;;�— �-
Contribution License, 140
Grants/ 86% Fees&
Reimb Permits Sales Tax
3% 100% 96%
Fiscal Year 2012-2013 50 Adopted Budget
kk
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.� R SPER
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Prosper is a place where everyone matters.
APPROPRIATIONS
r
E x.
General Fund Total Appropriations
General Fund Departmental Appropriations
Water & Sewer Fund Appropriations
Water & Sewer Fund Departmental Appropriations
EDC Fund Departmental Appropriations
1.
t
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F,
t4
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K r.
r -
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q ,
F' ,
�ey FISCAL YEAR 2012-2o13 ADOPTED BUDGET
w
General Fund Appropriations
i Category
r I'T .
APPROPRIA"IIONS
EY 2012 FY 2012 FY 2012 FY 2013
AMENDED DC
FY 2010 FY2011 OPTED O
CA'TEGORA' I
AC'TUAT, ACTUAL I BUDGET ( UDGET I P ACTUAL I BUDGET
Personnel 4,344,112 4,819,561 5,418,212 5,383,212 5,220,926 6,215,967
Materials&Supplies 294,537 315,951 331,795 363,318 409,405 448,665
Town Services Maintenance 385,317 441,634 417,891 472,891 400,999 555,278
Contractual Professional Services 1.265,333 1,489,522 1,590,655 1,750,655 1,799,294 1,733,060
Capital 140,632 702,325 161,700 300,177 285,783 164,450
Interfund Transfers Out 30,240 32,240 32,905 17,000 17,000 43,707
"TOTAL $ 6,460,171 $ 7,801,233 $ 7,953,158 $ 8,287,253 $ 8,133,406 $ 9,161,127
Interfund transfers Out $10,000
EEO
$9,000
■Capital $8,000 -
Contractual Professional $7,000 - - - - - - ---
Sc ry ices $6,000
0 own Sete ices $5,000 ' -
Nlaintenance $4,000
Materials k Supplies $3,000 ..
'I Personnel $2,000
$1,000 '.
$0
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
1NC'IMASE (I)ECRI ASI:) IN F.AC'II CATEGORY OVI--.R I INIF
398%
400% _
350%
i 300%
c -
abi 250% -
200% i 157%
c - - -- - -
150%
100%
u 50% 11% 8%19% 7% 30% 10% 15% 18%21% - ---�7% 21% -..aid
0%
t - --96 4ej -
-50% -5996--42% -47%
-100% '- -... - - --- - -- - --- - - --
Personnel Materials& Town Serv.& Contract./Pro. Capital Interfund Total Change
Supp. Maint. Services Transfers
ex FY 2010 ACTUAL to FY 2011 ACTUAL FY 2011 ACTUAL to FY 2012 PROJECTED ACTUAL ■FY 2012 PROJECTED ACTUAL to FY 2013 ADOPTED BUDGET
-iscal Year 2012-2013 53 Adopted Budget
General Fund Appropriations
`
• i Department
Department FY 2013 Adopted %of Total
Fire Dept $2,368,440 25.8%
Police Dept $1,635,955 17.9/°
Administration $1,592,477 17.4%
Parks $833,675 I 9.1%
Dispatch $635,680 6.9%
:Inspections ' $592,195 6.5%
'Streets $387,944 4.2%
Manning $333,823 c 3.6%
Municipal Court $234,730 k 2,6%
-Code Compliance $1691370 1.8%
Engineering $157,575 1.7%
Fire Marshall $125,868 1.4%
Public Library $94,895 1.0%
Revenue Total $9,162,627 100.0%
Municipal Court Engineering
2.6% °
Streets Code Compliance
1.7/
Inspections 4.2 ons ° Plan6ning 1.8% Fire Marshall
1.4/°
Dispatch .Public Library
6.9% 1.0%
Parks
9.1% _> -tea' Fire Dept
2S.8%
Administration Police Dept
17.4% 17.9%
Fiscal Year 2012-2013 54 Adopted Budget
Administration Department
General Fund-Dep
l
APPROPRIATIONS
YY 2012 FY 2012 FY 2012 FY 2013
� , I B I A D I P ROJECFED ADOPTED
CATEGORY ACTUAL ACI'UAI BUDGET BUDGET AC'FUAI UDGE
I
Personnel 550,403 608,684 699,610 699,610 666,011 805,520
Materials&Supplies 18,377 19,587 39,050 57,050 57,679 45,200
Town Services, Maintenance 106,336 120,311 84,050 84,050 81,956 123,050
Contractual Professional Services 378,426 531,744 476,700 554,700 629,435 535,000
Capital 12,802 44,336 35,000 35,000 23,700 40,000
Interfund Transfers Out 30,240 32,240 32,905 17,000 17,000 43,707
TOTAL $ 1,096,584 $ 1,356,902 $ 1,367,315 $ 1,447,410 $ 1,475,781 $ 1,592,477
P
Interfund I ransfers Out $1,600
$1,400
■Capital ----- - ------- - --------- ------ ^'V.- ---- ---
$1,200
Contractual Professional $1,000 ^`
Services -
■Town Services,Maintenance $800
$600
Materials&Supplies $400
W Personnel $200 1
$0 - - - - - - ---- -
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
PI"RSONNI'.I, To
DDED OR DEPARTMENT
TITLE REVISED IED I REVISED I ADOPTED I REMY20 2IN I ADD
POSITION TI REMOVE ( ADOPTED
I
FULL TIME POSITIONS(FTE)
Accounting Manager* I I
Assistant to the Town Manager** 1 1 1 1
Comptroller 1 1 1 1
Finance Director 1 1 1 I
HR Manager I 1
Utility Billing AP Clerk*** 0.25 0.25 0.25 0.25 0.50
Town Manager I 1 I I
Town Secretary I I I I
PART TIME POSITIONS
Finance Clerk I 1 -1
Assistant to the Town Manager I I
TOTAL 5.25 6.25 7.25 -0.75 0.00 6.50
*Position created to replace planned retirement for(bmph°oller
**Preriousll included HR role.HR Iimetioe split off to lien HR 11aaager alter long-term employee htrnocer.:1 ssistant function non part time
*** Position series both Administration and Utilun Billing functions in Tonn Hall Front Office-was funded 75°;in Utilities,now 50'%
Fiscal Year 2012-2013 55 Adopted Budget
Police Department
General Fund-�,
Dept. I
APPROPRIATION S ROJECTE ADOPTED
FY 2012 FY 2012 FY 2012 FY 2013
FY 2010 FY2011 CATEGORY I ACTUAL I ACTUAL I ADOPTED AMENDED
BUDGET I FACTUAL I BUDGET
Personnel 762,051 870,660 998,715 963,715 956,833 1,226,495
Materials&Supplies 24,726 27,938 31,200 41,200 32,889 79,450
Town Services Maintenance 91,268 105,660 92,000 127,000 111,916 144,250
Contractual Professional Services 62,643 67,019 63,730 63,730 75,544 79,560
Capital 92,649 100,291 24,700 57,700 53,823 106,200
TOTAL, $ 1,033,337 $ 1,171,567 $ 1,210,345 $ 1,253,345 $ 1,231,005 $ 1,635,955
■Capital $1,800 - -- - - - -
$1,600 '
-Contractual,Professional $1,400 --
Senices -
$1,200 ---
■Town Services $1,000
Maintenance $800
Materials&Supplies $600 ', - - - _ - _ _ ._ -. _-..
$400
Personnel $200 3;
r
$0 - - -
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
ADDED OR DEPARTM 'N'I'
FY 20 10 kY 2011 FY 2012 RE
POSITION TITLE I REVISED E
ISED I REVISED I ADOPTED ( MO2012 D N I AD REMOVF, I ADOPTED
FULL T/MF.POSITIONS(FTE)
Assistant Chief 1 I 1 1
Chief 1 1 1 I
Police Officer 6 7 8 3 11
Sergeant 2 2 2 2
TOTAL 10 11 12 0 3 15
=iscal Year 2012-2013 56 Adopted Budget
Dispatch Department
APPROPRIATIONS
ADOPTED FY 2012 FY 2012 Fy 20 2 F"Y'2013
FY 2010 FI'2011 AMENDED P
CATEGORY I ACTUAL I AC`TUAI. I BUDGET I BUDGET I ACTUAL I BUDGET
Personnel 288,938 327,500 404,359 404,359 363,457 436,780
Materials&Supplies 5,645 4,026 4,700 4,700 4,261 8,450
Town Services Maintenance 3,186 5,821 8,000 8,000 5,311 11,500
Contractual,Professional Services 30,932 54,865 195,374 215,374 191,726 178,950
Capital 7,420
TOTAL. $ 328,702 $ 399,632 $ 612,433 $ 632,433 $ 564,755 $ 635,680
■Capital $700
$600 '
Contractual Professional --
wh__
Sen ices $500
■-1 own Services'Maintenance $400 -
$300
Materials-&Supplies --
$200
-Personnel $100 t
$0 -
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
PERSO NN1",1,
ADDED OR DEPARTMENT REQUESTTO FY 2013
FY 2010 FY 2011 FY 2012 POSITION TITLE REVISED I REVISED I ADOPTED ( RED 2o 2IN I ADD//REMOVE I, ADOPTED
I
FULL 77ME POSITIONS(FTE)
Dispatch Supervisor 1 1 1 I
Dispatcher 5 6 6 6
TOTAL 6 7 7 0 0 7
=iscal Year 2012-2013 57 Adopted Budget
Fire Department
(s 1
APPROPRIATIONS ADOPTED
FY 2012 FY 2012 FY2012 FY 2013
FY 2010 FY 2011 CATEGORY I ACTUAL ( ACTUAL I BUDGET 1 BUDGE In PROJECTED( CT L I BUDGET
Personnel 1,619,227 1,727,969 1,719,660 1,719,660 1,720,694 1,976,450
Materials&Supplies 109,262 82,714 103,200 101,723 90,810 119,200
Town Services t Maintenance 128,911 135,870 161,113 161,113 127,691 171,500
Contractual Professional Services 73,278 68,996 94,270 94,270 72,972 94,290
Capital 29,692 421,357 7,000 90,477 87,893 7,000
TOTAL $ 1,960,369 $ 2,436,906 $ 2,085,243 $ 2,167,243 $ 2,100,061 $ 2,368,440
■Capital $2,500 - - -
Contractual,Professional $2,000
services
$1,500 t
■Town Services'%laintenance - -
$1,000
Materials&Supplies
$500
�^
personnel !f t
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
1)1"RSONNI:I,
ADDED OR DEPARTMENT
FY 2010 FY 2011 FY 2012 REMOVED
POSITION TITLE ( REVISED I REVISED I ADOPTED I N 1 REQUEST RF.MOVF,I ADOPTED
FUI.L TIME POSITIONS(FTE)
Assistant Chief* 1 1 1 1
Battalion Chief* 1 -1
Captain** 2 3 2 1 3
Chief*** 1 1
Driver'Engineer**** 3 3
Firefighter Paramedic 15 15 15 -3 12
PART TIME POSITIONS
Chief 1 1 1 -1
Temporary Firefighter'Paramedic 10 10 10 10
TOTAL 29 29 29 1 1 30
*Reclassilied durht,Q F}72 from Batt.Chief to.Asst.Chief for more duties and set as an e.cempi position with regular u o k hours.
**A neu position uas authorized mid year 6i the Town Alanager aid lilted.
*** The Town's long-term Part Tillie Fire Chief is schednded to go to Full Time in 2013.
**** Three Firelighter positio:s were reclassilied io Drirer,Engmeers nndi,ear atihorized by die Town Alanager and filled
Fiscal Year 2012-2013 58 Adopted Budget
Fire Marshal Department
V*1"O"E'R
APPROPRIATIONS
FY 2012 FY 2012 FY 2012 FY 2013
FY 2010 FY 2011 ADOPTED AMENDED ( PROJECTED ADOPTED
C ATEGORY I ACTUAL I ACTUAL BUDGETI BUDGET ACTUAL BUDGET
'
Personnel 98,359 99,171 104,160 104,160 100,119 106,305
Materials&Supplies 2,334 2,175 4,010 4,010 5,039 4,510
'I own Services'Maintenance 4,487 9,208 7,903 8,903 6,415 8,403
Contractual Professional Services 2,159 1,898 3,200 3,200 2,561 5,400
Capital 27,000 26,688 1,250
TOTAL $ 107,338 $ 112,452 $ 119,273 $ 147,273 $ 140,822 $ 125,868
■C'apital $160 -
Contractual,Professional $140 -
Senices $120 _--- - -
■Town Services Maintenance $100 -----
$80
Materials&Supplies
$60
Personnel $40
$20
$0
Thousands BUDGET 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
PI'.RSONNI'.I.
FY 2010
REVISED I REYVISED I ADOPTED RLFYT2012 N AD�REMOVE i ADOPTED
POSITION TITLF RF
FULL TIME POSITIONS(F'TE)
Fire Marshal l 1 1 1
TOTAL. 1 1 1 0 0 1
Fiscal Year 2012-2013 59 Adopted Budget
Streets Department
LL I 1`11
APPROPRIATIONS FY 2012 FY 2 12 FY 2013
CATEGORY I AC'T'UAL ( ACTUAL ( BUDGE 1 I AMENDED UDGET I P ACTUAL D I BUDGET
Personnel 101,901 101,193 112,309 112,309 130,510 122,394
Nlatenals&Supplies 67,475 59,998 86,150 86,150 55,670 98,750
Town Services Maintenance 7,485 10,591 11,200 19,200 14,920 24,600
Contractual Professional Services 165,296 131,080 108,700 116,700 137,618 142,200
Capital 25,985
TOTAL $ 342,158 $ 328,847 $ 318,359 $ 334,359 $ 338,717 $ 387,944
•Capital $400
$350 r-
Contractual Professional $300 - '-- - -
Services
$250 tt
■Town Services Maintenance *
$200
$150
Materials&Supplies - - -
$100
-Personnel $50
$0 `l ------- - -
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
PERS()NNL.L REQUEST TO I Y 2013
ADDED OR DEPARTMENT
FY 2010 FY 2011 FY 2012 POSITION TITLE REVISED I REVISED I ADOPTED I REMOVED 2 IN I ADD/REMOVE I ADOPTED
I
FULL,TIhfF POSIHONS(FTF.)
Maintenance Worker 1 1 I 1
Street Superintendent 1 1 I 1
TOTAL 2 2 2 0 0 2
Fiscal Year 2012-2013 60 Adopted Budget
Library Department
General Fund-Dept.#45
l
APPROPRIATIONS ikFY 2013
FY 2012 FY 2012 FY 2"FY 2010 FY CATEGORY I ACTUAL ( ACTUAL ( AMENDED
BUDGET I BUDGET I P ACTUAL I BUDGET
Personnel 11,644 16,516 23,095 23,095 20,823 23,095
Materials&Supplies 11,617 13,607 11,400 11,400 12,126 11,400
Town Services Maintenance 1,861 1,346 2,400 2,400 2,400
Contractual Prol'essional Services 59,052 38,279 47,165 47,165 51,583 58,000
Capital 400
TOTAL $ 84,574 $ 69,748 $ 84,060 $ 84,060 $ 84,533 $ 94,895
$100 ---- -- - -- ---
■Capital ---�- ---- -- -�- -------
Contractual Professional
Services $70 -
■s own Services Maintenance $60
r' n .� .
Ntatenals&Supplies $40 - - -
$30
Personnel $20
$10 -
$0 -
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
PERSONNEL
DDED OR DEPARTMENT
FY 2010 FY 2011 FY 2012 TITLE REVISED REVISED I ADOPTED I REMOVED 2 N ( AD ARE OV'E I ADOPTED
POSITION 7 ( I
PAR7'77ME POSITIONS
Library Assistant 2 2 2 1 3
TOTAL 2 2 2 1 0 3
*,4 third paa't-time lhbrah tan position xas created and hired to help keep the existing schedule staffed ,NTo increase in budget was a lotted
=iscal Year 2012-2013 61 Adopted Budget
Parks Department
I'
I'.
'
APPROPRIATIONS
'y 2012 FY 2012 FY 2012 FY 2013
FY 2010 IFY2011 CATEGORY I ACTUAL I ACTUAL I BUDGET I D I A UDGF I PR ACTUAL D I BUDGET
Personnel 184,804 266,829 503,875 503,875 413,405 514,250
Materials&Supplies 31,413 59,281 35,525 35,525 130,256 57,275
Town Services Maintenance 9,020 22,184 17,275 27,775 24,262 25,950
Contractual/Professional Services 110,238 164,849 175,581 195,081 210,689 234,700
Capital 3,056 96,984 85,000 85,000 89,560
TOTAL $ 338,531 $ 610,128 $ 817,256 $ 847,256 $ 868,173 $ 832,175
■Capital $900
$800
Contractual'Professional $700 -
Services
$600 - - - -
■1 own Services'Maintenance $500
$400
Materials&Supplies $300
$200
„r
a personnel $100 _
$0
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
PI:RSONNI,1, To FY 2013
ADDED OR DEPARTMENT
FY POSITION TITLE REVISED � REVISED ( ADOPTED I RE Y 2012 N I ADD/REMOVE I ADOPTED
P I
FULL TIME POSITIONS(FTE)
Chemical Technician I I
Equipment Operator 2 2
Irrigation Technician I I
Maintenance Worker 2 2 2 2
Parks Superintendent 1 I I I
Senior Parks&Rec Planner 1 I 1 I
T F.MPOR4R Y POSIT IONS
Seasonal Maintenance Worker 2 2 2 2
TOTAL 6 6 10 0 0 10
;iscal Year 2012-2013 62 Adopted Budget
Municipal Court Department
N OF General Fund- 1 I
1�
APPROPRIATIONS
1,Y 2012 FY 2012 FY 2012 FY 2013
FY 2010 IFY 2011 CATEGORY ACTUAL, AC`TUAI. I D BUDGET I AMENDED I PROJECTED ACIUAL' ( ADOPTED
Y' BUDGET
Personnel 77,032 86,392 72,750 72,750 71,795 75,540
Materials&Supplies 3,633 4,232 3,660 3,660 2,676 3,660
Town Set-vices!Maintenance 3,256 2,597 3,300 3,300 1,552 3,300
Contractual'Professional Services 129,365 123,896 147,430 176,430 159,370 152,230
Capital
TOTAL $ 213,287 $ 217,117 $ 227,140 $ 256,140 $ 235,393 $ 234,730
•Capital $300 .
>M r
---- - -
$250
Contractual Professional - _
Servues $200
■Town Services-Maintemance - - - - - - - - - -
$150
\Iatenals&Supplies $100
$50
-Personnel -
t
FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
Thousands BUDGET BUDGET PROJECTED BUDGET
ACTUAL
PF,RSUNNI:L
ADDED OR DEPARTMENT
FY 2010 I FY 2011 I FY 2012 I REMOVED IN I REQUEST TO FY 2013
POSITION TITLE I REVISED REVISED ADOPTED FY 2012 ADD/REMOVF. ADOPTED
FULL TIME POSITIONS(FIE)
Municipal Court Administrator 1 1 1 1
TOTAL 1 1 1 1
Fiscal Year 2012-2013 63 Adopted Budget
Inspections Department
1f�, 1 :1
V f,l,
APPROPRIATIONS
'Y 2012 FY 2012 FY 2012 FY 2013
FY 2010 FY 2011 BUDGET ACTUA
L. I L, I I BUDGET ( 1 UAL PROJECTED ADOPTED
CATEGORY ACTUAI BUDGET
i
Personnel 319,936 367,146 425,055 425,055 415,521 487,270
Materials&Supplies 7,021 23,256 8,000 13,000 12,389 11,000
Town Services, Nlaintenance 12,438 14,864 18,300 18,300 15,467 26,775
Contractual-Professional Services 24,219 17,879 18,450 18,450 16,855 57,150
Capital 2,032 10,000 5,000 4,119 10,000
TOTAL $ 365,646 $ 423,145 $ 479,805 $ 479,805 $ 464,351 $ 592,195
■Capital $600
$500 --°Contractual,Professional - - - -
Services $400
■Town Services-Maintenance $300 "
Materials&Supplies $200 - - '-
$100
o-Personnel ! _
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
PI-:RS()NN II_
DDED OR POSITION TITLE REVISED I REVISED I ADOPTED I RE y 2oi IN ( ADRRE.SM O O I ADOPTED
F't/LL TIME POSITIONS(FTE)
Building Inspector 1 1 I
Building Official 1 1 I I
Chief Building Inspector* I I I
Permit"Technician 1 1 2 2
Plumbing Inspector 1 l 1 I
Senior Building Inspector 1 I 1 I
PART TIMF_POSITIONS
Building Inspector** 3 3 1 2
Permit Technician** I I
TOTAL 6 9 9 0 0 9
* Position created for expanded job ditties and greater specialized skill sets with existing staff. Remnos ed Building Inspector.
**Positions t cclassified f-om part tinnc to fall time to keep up with increasing permit vohane.
Fiscal Year 2012-2013 64 Adopted Budget
Code Department
I e1
APPROPRIATIONS
FY 2010 FY 2011 CATEGORY I ACTUAL ( ACTUAL ( BUDGET I BUDGET I P ACTUCAL D I BUG T
Personnel 58,250 58,314 61,520 61,520 60,221 63,000
Materials&Supplies 2,704 2,711 1,850 1,850 2,440 1,850
Town Services Maintenance 7,865 3,826 3,100 3,600 2,282 3,100
Contractual Professional Services 64,139 79,517 96,420 96,420 77,185 101,420
Capital
TOTAL $ 132,958 $ 144,368 $ 162,890 $ 163,390 $ 142,128 $ 169,370
■Capital
$180 _ r
$160
Contractual,Professional
Services $140 '
$120
■Town Services Maintenance
$100 F t:
$80
%latenals R Supplies
$60 .
•.Personnel
--
$20
$0
ThOUShcIdS FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
PERSO NNI:L REI 'To FY 2013
DED OR DEPAR�1'1* 'NT
UI S1
FY POSITION TITLE I REVISED � REVISED I ADOPTED I REF O 0 2 N ( ADD/REMOVE I ADOPTED
FULL.7TWE POSIHONS(F7E)
Code Compliance Officer 1 1 1 1
TOTAL 1 1 1 0 0 1
=iscal Year 2012-2013 65 Adopted Budget
Planning Department
. • • Dept. 1
APPROPRIA]IONS
'Y 2012 FY 2012 FY 2012 FY 2113
FY 2010 FY 2011 AIDOPTED I I A PROJECTED
ADOPTED
CATEGORY ACTUAL ACTUAL BUDGET BUDGET C UL I BUDGET
I
Personnel 146,332 152,240 153,394 153,394 162,377 236,423
Materials&Supplies 9,381 16,101 2,950 2,950 2,461 7,250
Town Services Maintenance 5,220 4,441 6,000 6,000 4,394 5,700
Contractual Professional Services 149,990 186,879 150,700 156,200 163,626 84,450
Capital 5,952
TOTAL $ 310,923 $ 365,612 $ 313,044 $ 318,544 $ 332,858 $ 333,823
■Capital $400
$350 '
-Contractual'Professional $300
Senices -
- ---- -- -- - - --- --- -- --- - --- - -- - - -
$250 -
,:-
■Town Services'M1taintenance $200
$150 ! :'
Materials&Supplies -
$100
Personnel $50
$0
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
PFRSONNI 1. FY 2013
ADDED OR DFPARTMENT
FY 2010 FY 2011 FY 2012 REMOVED
POSITION TITLE I R WISED I REVISED I ADOPTED I lFY 2012 N 2 ( ADDIREMO E( ADOPTED
FULL TIME POSITIONS(FTE)
Development Review Coordinator 1 1
Planning&Zoning Manager* 1 1 1
Planning Director* I 1
Planning Tech 1 1 1 1
Senior Planner* 1
TOTAL 2 2 2 0 1 3
* The Senior Planner position has gone through a series of reclassifications over the past le"years as ditties have expanded
J
Fiscal Year 2012-2013 66 Adopted Budget
Engineering Department
General Fund-Dept.#
l 1
APPROPRIATIONS
'y 2012 FY 2012 FY 2012 ITY 1013
FY 2010 Fy 2011 CATEGORY I AC UAL I AC BUDGET TUAL ( rBUDGET I AMENDED ( PROJECTED ACTUAL 1 L I BUDGET
Personnel 125,234 136,948 139,710 139,710 139,160 142,445
Materials&Supplies 948 327 100 100 711 670
Town Services Maintenance 3,986 4,916 3,250 3,250 4,832 4,750
Contractual Professional Services 15,595 22,622 12,935 12,935 10,128 9,710
Capital
TOTAL $ 145,762 $ 164,812 $ 155,995 $ 155,995 $ 154,830 $ 157,575
■Capital $180
$160
Contractual Professional $140 ---- v __. t:
f
Seniccs $120 '' .x e -- - -- ---- --- --- -- -
■Town Scrvtces 'Maintenance $100 - - - -- -- - -
$80 -- -- - -
Materials&Supplies $60 .--` ---- -- ---- _ --- - - - --- -- - -_
$40
L Personnel $20
t
$0 - -— - -- -- - -- - -
ThOU53r)d5 FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
P1:RS()NNI:1.
ADDED OR DEPARTMENT
kN POSITION TITLE I REVISED I REVISED I ADOPTED REMOVED 2012 N ( R QREMOVE� ADOPTED
FULL 77MF POSITIONS(FTF)
Development Services Director 1 1 1 1
T FMPORAR Y PO.SI TIO,VS
CIP Project Manager* 1 l I I
TOTAL 2 2 0 0 2 2
*
This position was adder(to assist H idn major capital projects and reports to the Development Set ices Director.
It is/under/100'%is the Capital Projects Fund and is reported here onlr to illustrate the reporting relationship.
Fiscal Year 2012-2013 67 Adopted Budget
Water & Sewer Fund Appropriations '
�� .
APPROPRIATIONS
'Y 2012 FY 2012 FY 2012 FY 2013
PY 2010 FY 2011 C AMENDED RO
CATEGORY I ACTUAL ACTUAL I BUDGE I BUDGET I P ACTUAL D I D
BUDGET
Personnel 561,698 532,039 703,485 703,485 667,659 907,841
Materials&Supplies 1,036,737 1,449,876 1,388 215 1,558,215 1,392,290 1,636,900
Town Services Maintenance 138,128 178,624 183,600 228,600 206,043 245,150
Contractual'Professional Services 1,649,238 1,868,607 2,224,808 2,224,808 1,800,802 2,310,458
Capital 11,278 3,173 28,000 28,000 60,760 88,000
Bonds 774,825 553,913 1,353,465 1,353,465 1,495,206 1,596,847
Interfund Transfers Out 306,866 422,725 574,710 574,710 1,057,251 791,320
TOTAI. $ 4,478,772 $ 5,008,956 $ 6,456,283 $ 6,671,283 $ 6,680,010 $ 7,576,516
Interfund transfers ,
Outis -- - -- - - ---------- - -- - - - --- - -- -he -
Bonds $8,000
$7,000
■Capital $6,000
Contractual $5,000
J• >.
Professional Services $4,000
■Town Services i $3,000 -Y
Maintenance - - -- - -
i'
Materials&Supplies $2,000 -- - - --- -- ---- - - - -° -
$1,000 j• -
- - -
nYersonnel $O
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
INCRIASE, IUI1'.CRMSI;) IN FAC'II C'AI-EGORY (ATR TIN,11,-
- - - - --- isiss-
2SO ,
200% - 170%
150%
v -
100% { -
to 36% 40%- 29% - % 38% -33�
A SO% 25% 5% 13% / 12% 13%
L ° 18% °
- - io-
- ---
a - -- - - -- -- - --- ---- - -- - -
-50% -29% -25%
-100% -
Personnel Materials& Town Serv.& Contract./Pro. Capital Bonds Interfund Total Change
Supp. Maint. Services Transfers
m FY 2010 ACTUAL to FY 2011 ACTUAL FY 2011 ACTUAL to FY 2012 PROJECTED ACTUAL ■FY 2012 PROJECTED ACTUAL to FY 2013 ADOPTED BUDGET
Fiscal Year 2012-2013 68 Adopted Budget
Water & Sewer Fund • 1 1 1 1 1
_0 N OF By Departmem,
;l
Department �FY 2013 Adopted ��..� .%oV Total
€Water $ 4,800,858 63.4%
Wastewater $ 1,845,34_8 24.4%
Utility Billing $ 930,310 12 3%
$ 7 5�w.,
;Revenue Total ° 76 516 100 0%
Utility Billing
12.3%
Wastewater Water
24.4% 63.4%
Fiscal Year 2012-2013 69 Adopted Budget
Water Department
Water&Sewer Fund-Dept.# I
:. ��"o§ •
APPROPRIATIONS ADOPTED
'y 2012 FY 2012 FY 2012 FY 2013
FY 2010 FY2011 CATEGORY I ACTUAL I ACPUAI, I BUDGET I BUDGET ( PACTUAL D I BUDGET
Personnel 367,750 349,862 458,255 458,255 447,566 577,041
Materials&Supplies 1,009,443 1,407,003 1,325,600 1,495,600 1,363,607 1,558,650
Town Services Maintenance 84,608 98,382 100,000 145,000 161,878 153,250
Contractual Professional Services 249,214 273,462 323,800 323,800 235,281 365,300
Capital 3,999 28,000 28,000 60,760 53,000
Bonds 774,82.5 553,913 1,353,465 1,353,465 1,495,206 1,596,847
Interfund Transfers Out 183,586 263,725 342,910 342,910 825,451 496,770
TOTAL $ 2,673,426 $ 2,946,346 $ 3,932,030 $ 4,147,030 $ 4,589,749 $ 4,800,858
Interfund Transfers Out
$5,000
'
•Bonds $4,500
$4,000
■Capital $3,500 '.
•-ter £ �'
$3,000 - -
-Contractual Professional
$2,500 - ----
Services
■I own Sen ices, $2,000 -
Maintenance $1,500 '�-- -- -- - - --
Nlaterials&Supplies $1,000 x�,--- --
$500
u Personnel -
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
ITIRSONNIT REQUEST TO FY 2013
DED OR DEPARTMENT
IT 2010 FY 2011 FY 2012 POSITION TITLE I REVISED ( REVISED I ADOPTED I REF�2012 N I ADD/REMOVE ( ADOPTED
FULL TIME POSITIONS(FTF,)
Administrative Assistant 1 1
Construction Inspector l 1
Public Works Director I 1 1 1
Utility Crew Leader 1 2 2 2
Utility Worker 2 1 2 2
Water&Sewer Superintendent 1 I 1
TOTAL 5 5 7 0 1 8
Fiscal Year 2012-2013 70 Adopted Budget
Wastewater Department
Water&Sewer Fund-Dept.4 55
t taw
APPROPRIA'T'IONS
I
FY 2010 I
FY 2012 FY 2012 FY 2012 FY 2013
FY 2011 ADOPTED( AMENDED I P AUD I BUDGET
CATEGORY ACTUAL ACTUAL BUDGET BUDGET ACTUAL
personnel 108,333 99,200 153,315 153,315 113,209 207,090
Materials&Supplies 11,982 25,219 38,000 38,000 10,510 47,100
Town Services Maintenance 52,908 78,931 80,500 80,500 42,088 89,000
Contractual Professional Services 859,766 987,535 1,247,008 1 247,008 870,982 1,252,808
Capital 7,279 537 35,000
Bonds
lnterfund Transfers Out 89,030 113,000 164,500 164,500 164,500 214,350
TOTAL $ 1,129,298 $ 1,304,421 $ 1,683,323 $ 1,683,323 $ 1,201,290 $ 1,835,348
Interfund"Transfers Out
$2,000
•Bonds
$1,800
$1,600 - -- -
■Capital $1,400 - - Xt4 Rl -
WIT
Contractual professional $1,000 -' -- - --- - - - - - - -
E
Services
■T $800
Maintenance Services� -
Maintenance $600 - - - -
Materials&Supplies $400 -
$200
•Persontiel $o -" - - - -- - - -- - ---'--- -- - --- - i
Thousands BUDGET 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
ITRSONNI:1. REQUEST TO FY 2013
ADDED POSITION TITLE I REV
ITY 2010 FY ISED ( REVISED I ADOPTED I REMOVED 012 N I ADD/REMOVE( ADOPTED
FULL TIME POS 1770,NS(FTE)
Utility Crew Leader 1 1 1 1 2
Utility Worker 1 1 2 1 3
TOTAL 2 2 3 0 2 5
Fiscal Year 2012-2013 71 Adopted Budget
i Department
OFR
. �,� . -
APPROPRIA"IIONS FYE�� FY 2013
FY 2012 FY 2012 FY 2010 FY CATEGORY I ACTUAL I ACTUAL I `BUDGED I AUDGET ( P ACTUALID I `BUDGET
Personnel 85,615 82,977 91,915 91,915 106,883 123,710
Materials&Supplies 15,312 17,655 24,615 24,615 18,173 31,150
Town Services'Maintenance 612 1,311 3,100 3,100 2,077 2,900
Contractual'Professional Services* 540.258 607,611 654,000 654,000 694,538 692,350
Capital 2,636
Bonds
Interfund Transfers Out 34,250 46,000 67,300 67,300 67,300 80,200
TOTAL $ 676,048 $ 758,189 $ 840,930 $ 840,930 $ 888,972 $ 930,310
* Includes contract pa}ments for trash collection/tipping senices.
/
Interfund Transfers Out
$1,000
■Bonds $900 -
$800
■Capdal $700
$600
-Contractual Professional
�., ..,
Senices* $500 --
■Town Services
$400
Maintenance $300 -- - - -
Materials At Supplies $200
$100
oPersotmel $0 --- --------- -
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
PITSO NNUT
ADDED FY 2010 FV 2011 FY 2012 R DEPARTMENT
POSITION TITLE I REVISED ' REVISED I ADOPTED ( REMOVED N I AllD/REMOVE I ADOPTED
FULL. TIME POSITIONS(FTE)
Utility Billing Adminstrator* 1 1
Utility Billing,AP Coordinator ** 0.75 0.75 0.75 -0.25 0.50
Utility Billing Clerk 1
Utility Billing Coordinator* 1 1
PART TIME POSITIONS
Utility Billing Clerk 1 1
TO'T'AL 1.75 1.75 1.75 0.75 0.00 2.50
*
This position was reclasiJied to the.4dininistrator role in 012 to a Bate a reporting structure within the department
**Position serves both Administration and Ctihty Billing functions in Town Hall Front Office-was funded 75?6 in Utilities,now 50?b
Fiscal Year 2012-2013 72 Adopted Budget
Storm Drainage
Storm,>i
i Dept.
APPROPRIATIONS
1,Y 2012 ACTUAL ACTUAL ( i AMENDED I PROJECTED AC.II UAL ! BUDGET
DGET
CATEGORY A BUDGET BUDGET( I
Personnel 43,740 43,740 10,429 42,715
h1aterials&Supplies 66,466 10,550 10,550 16,205 12,550
Town Services Maintenance 4,900 4,900 4,900
('ontractual Professional Services 36,284 20,999 36,600 116,600 115,941 58,450
Capital 428 34,000 34,000 22,291 10,000
Bonds 106,918
Interfund Transfers Out 11,400 14,400 14,400 14,160 12,780
TOTAL $ 36,712 $ 98,865 $ 144,190 $ 224,190 $ 179,026 $ 248,313
Interfund Transfers Out $250 -
■Bonds
•('apilal $200
r
Contractual Professional Senices
07own Services/Maintenance $150 - -
Materials&Supplies ,`
w Personnel
$100 =
$50 -
$0
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
PERSO)NNI:t. FY 2013
REVISED REVISED I ADOPTED I I REQUEST I ADOPTED
POSITION TITLE ( I FY 20 2 AD
FULL TIME POSITIONS(F'TE)
Maintenance Worker 1 l
TOTAL 0 0 1 0 0 1
Fiscal Year 2012-2013 73 Adopted Budget
Economic 1 1 ment Corporatio
1 lid
APPROPRIATIONS
FY 2012 FY 2012 FY 2012 FY 2013
FY 2010 FY2011 CATEGORY I ACTUAL I ACTUAL I `BUDC T I ABUDC'ET I PROJECTED ACTUAL I BU[G T
Personnel 145,072 38,941 31,475 69,595 52,933 204,475
Materials&Supplies 2,719 3,769 5,500 11,300 8,791 8,500
Town Services Maintenance 23,968 24,933 28,500 38,000 26,243 38,500
Contractual-Professional Services 66,981 59,225 94,750 89,750 69,982 92,100
Capital 57,419 28,500 28,433 104,000
Bonds
hiterfund I ransfers Out 540 405
TOTAL $ 296,700 $ 126,869 $ 160,225 $ 237,145 $ 186,382 $ 447,980
- Interfund Transfers Out
$450 !'
■Bonds $400
$350 -
■Capital $300 .'
.Contractual Professional $250
Services $200
■Town Services -
$150
Nlatntenance
e .
Materials&Supplies $100
$50
u Personnel $0 --- - ----- - -- -- --- ------- -- -
Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED
BUDGET BUDGET PROJECTED BUDGET
ACTUAL
P1"RSONNI:1. FY 2013
POSITION TITLE I RE ISED ( REVISED ( ADOPTED I REF FY 2012 N ADD/REMOVE E I ADOPTED
FULL TIME POSITIONS(FIE)
EDC'Executive Director I 1 1
PART TIME POSITIONS
EDC Executive Assistant 1 1 1 1
TOTAL 2 1 1 1 0 2
Fiscal Year 2012-2013 74 Adopted Budget
_Era
f n'
TOWN OF
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-
Prosper is a place where everyone matters.
17 "
APPENDIX
L
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• yr. ,. t
n
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t �4
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R
t
4 M Charter Provisions on Financial Administration
Outstanding ebt Schedule
9
Notice of Effective Tax Rate
Ordinance Approving Budget > ;
Ordinance Approving Tax Rate
Ordinance Revising Water and Sewer Rates +'
Glossary
"Prosper is a place where everyone matters."
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FISCAL YEAR 2012-2013 ADOPTED BUDGET
; t
Appendix
. Procedure Sections
ARTICLE VII
Financial Procedures
SEC TION 7.01 Fiscal Year-
The fiscal year of the Town shall begun on the first dar of October mud end on the last day of
Septembei oil the next succeeding year Such fiscal Year shall also constitute the budget and
accounting vear.
SECTION 7.02 Submission of Budget and Budget Message
On or before the fifteenth(15t`) day of August of the fiscal rear. the To-,vii Manager shall subtuut to
the T o«n C ouncil a budget for the ensuing fiscal year and in accompan)-ing budget message
SEC TION 7.03 Budget Message
The Town Manager's message shall explain the budget both in fiscal teams and III terms of the XNork
prograins It shall outline tine proposed financial policies of the Toren for the ensuing fiscal year-
describe the important features of the budget. indicate aanv major changes from the current year in
financial policies_ expenditures- and revenues together with the reasons for such changes_
sumiuuarize the Town's debt position aind include such other material as the Town Manager deems
desirable
SECTION 7,04 Budget a Public Recoid
The budget and all supporting schedules shall be filed with the person performing the duties of
Toren Secretary when submitted to the Town Council and shall be open to public inspection by
anyone interested
SEC TION 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 heanne_ which shall be scheduled and published in accordance with the
requirements of Chapter 1021. Local Government Code_ as amended At this hearing. interested
citizens inav express their 6pin1011S concerning itenns of expenditures. giving their reasons for
wishing to increase or decrease any items of expense
SEC TION 7.06 Proceeding on Adoption of Budget
After public hearing.the Tou-n Council shall analyze the budget snaking any additions or deletions
which thev feel appropriate. and shall. at least ten(10)days prior to the beginning of the next fiscal
year. adopt the budget by the affimiatire rote of a majonty of the fill membership of the Town
Council Should the Town council take no final action on or prior to such day, rile current budget
sliall be nn force on a month-to-nnonth basis until a new L•ndget is adopted
SEC TION 7.07 Budget,Appropriation and Amount to be Raised by Taxation
On final adoption, the budget shall be in effect for the budget near Final adoption of the budget by
the Town Council shall constitute the official appropriations as proposed bu expenditures for the
current`'ear and shall constitute the basis of official le x-%-of the property tax as the amount of tax to
be assessed and collected for the corresponding tax rear Estimated expenditures will m no case
Fiscal Year 2012-2013 77 Adopted Budget
• 1 1 ' 1
• Charter Article V11-Financial Procedure Sections
As Revised May 14,2011
l ilk
exceed proposed revenue plus the uncle±iJnated hind balaIlce from the previoui fiscal year Unused
appropriations may be transferred to any item required for the saitie genneial purpose
SECTION 7.OS ContingentReserye
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 b
the To-,vn Such continngency reserve appropriation shall be under the control of the Torn Manager
and distributed by him or her only in the event of an emergency or after supplemental appropriation
by the Torn 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 wade.
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 rote 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 attacllment to the original budget
SEC TION 7.10 C ertification: 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 lacy or as the Town Council shall designate
The filial 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
organizatio115
SEC TION 7.11 C apital Program
The Town Dlanager 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 innfoisuahon may be revised and extended each year with regard to capital improvements
still pending or in process of construction or acquisition. The C apital program will be updated and
presented to the Town Council annually.
Fiscal Year 2012-2013 78 Adopted Budget
Appendix
Procedure
As Revised%Jav 14,2011
► •
SECTION '.12 Defect Shall Not Invalidate the Tax Levy
Errors or defects in the foam or preparation of the budget or the failure to perform a_mv procedural
requirements shall not nullifi-the tax ley or the tax rare.
SEC IIO\7.13 Lapse of Appropriations
Ever. appropriation_ except an appropriation for a capital expenditure. shall lapse at tine close of the
fiscal near to the extent that it has not been expended or encumbered Ali appropriation far a capital
expenditure shall continue in force until the purpose for which it was made Lad been accomplished
or abandoned The purpose of any such appropriation shall be deemed abandoned if three;3 t~-ears
pass without an-,-disbursement from or encumbrance of the appropriation .-pity funds not expended.
disbursed or encumbered shall be deemed excess funds
SEC TION%.14 Boi roving
The Town shall have the polder to borrow motley on the credit of the Town and also to issue cr
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
lazes of the State of Texas. and the Town may issue refunding bonds to refund outstanding bonds
and other e,.-idences of indebtedness of the Town previously issued or incurred
All such bonds and other evidences of indebtedness shall be issued in confornur' =nth the lairs of
the State of Texas and may be secured by or paid. in whole or m past. from ad valcrern tax
revenues- revenues derived from other taxing pourers of the Town revenues derived by the Town
from any fee or sernice charge. including revenues denved from the operations of any public
utilities. utility systenis. 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 thereat 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 Torn
shall be used only for tine purpose for which the bonds or other urdebtechless ) as issued of
incurred
SECTION 7.13 Purchasing
(1) The Town Council rnav by ordinance_ give the Town Manager eeneral authority to
contract for expenditure without further approval of the To-x4-n Council for all
bud6eted items not exceedme limits set by the To-wn Council within the ordinance.
(_) All contracts for expenditures or purchases ntvolvmg More than the limits must be
expressly approved in advance by the Town Council A11 contracts or purchases
unvolvin2 more than the limits set by the Town Council shall be awarded by the
Town Council in accordance with state lain.
(ti) Emergency contracts as authorized by lame 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 C ouncil-
Fiscal Year 2012-2013 79 Adopted Budget
Appendix
N OF Charter Article V1 I-Financial Procedure Sections
As Revised Mav 14,2011
111
SEC TIO\7.16 Administration of Budget
(li ',J�o payment shall be made or obligation incurred against any allotment or
appropriation except in accordance with appropriations duIN7 made, iinless the Town
Manager. or the Town Managers 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 imeet the obligation when it
becomes due and payable
Anv authorization of payinent or incurring of obligation in vitlatlon 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 Torn for any amount so paid.
0j j This prohibition shall not be construed to prevent the making or authorizing of
payments. or making of contracts for capital improvements to be financed wholly. or
partly by the pledge of taxes_ the issuance of bonds. time warrants- certificates of
indebtedness. or certificates of 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 Tot1'in Council each month a report covering
the revenues and expenditures of the Town in such form as requested by the Town
Council
SEC TION ".1' Depositor
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 depositor,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.
SEC TIO\7.1S 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 mdirectly.
in the financial affairs of the Town or any of its officers. The report of audit. with the auditors
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
titebsite and copies of the audit placed on file in the office of the person performing the duties of
Town Secretary. as a public record
SEC TION' 7.14 Power to Tax
(1? The Town shall have the power to leis. 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 vn"en or hereafter amended.
The Town shall have the power to grant tax exemptions in accordance with the laws
of the State of Texas
Fiscal Year 2012-2013 80 Adopted Budget
` Appendix
N OF Charter Article V11-Financial Procedure Sections
W) As Revisvd.%Ia�.14,2011
t a►
SEC TION 7.20 Office of Tax C ollector
There shall be an office of taxation to collect taxes. the head of which shall be the Town Tax
Collector The Town C otmcil rlav contract far such services
SEC TIO\7.21 Taxes;'When Due and payable
(1) All taxes due in the Toni shall be payable at the office of the Town Tax Collector-
or at such location or locations as may be designated by 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 patimlent of
taxes prior to January 1 in amount not to exceed those authorized bN-the lays of the
State of Texas
t�) Failure to levy arnd assess taxes through onussion un preparing- the appraisal rolls
shall not relieve the person, turn or corporation so omitted froin Obligation to pay
such current of pa;t due taxes as shown to be payable by recheck of the rolls and
receipts for the rears in question. omitting-penalt}'and interest
SECTION -.22 Tax Liens.Liabilities and Suits
(1 i All taxable property located in the Town on Januan 1 of each year shall stand
charged froiu that date with a special lieu ul favor of the Town for the 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 rear
(?) The Town shall have the power to sue for and recover personal judgment for taxes
without foreclosure, or to foreclose its hen or liens. or to recover both personal
Judgment 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 propem.-. the
Town shall have the ng111 to plead a good description of the property to be assessed.
to prove the same, and to Live its judgment foreclosirls the tax lieu or for personal
judgment against the owners for such taxes
Fiscal Year 2012-2013 81 Adopted Budget
Appendix
Debt Schedule
PER
111
Current Debt Service Payment Schedule
F:r Pa•rnen:in Fiscal Year 2013 -r
Interest&Sinking Tax Supported Water/Wastewater Supported Storm Drainage Supported
1&S T.t.i I&S Principal I&S Interest W/'w Tat.l W/W Principal WIW Interest SD T.t.I SD Principal �..v So Interest
2004 CO 21-5,`2G-3 64,524 - 64,524 105,276 - 105,276 - - -
8J15/2CS 264,924 201,4CC 64,524 433,875 323,606 105,276 - - -
Z004COTotal 330,448 201,400 129,048 539,151 328,600 210,552 - -
2006CO 2/_5,'20:3 SOO,S71 - X0,871 109,277 109,277 - - -
8,r15/20'3 352,871 252,000 iC0,871 382,277 273,COO 109,277 - -
2006COTotal 453,743 252,000 101,743 491,555 273,000 218,555 - - -
2008 CO 21/1512CB 760,596 436,5CC 324,095 84,511 4S,5C11 36,.1. - - -
8;'15Y2C13 314,820 - 314,820 34,980 - 34.980 - - -
2008COTotal 1,075,416 436,500 638,916 119,491 48,500 70,991 - - -
2010 Tax Note 2J3;20.3 353,373 344CCC 33,373 - -8;1 5/20- 11,248 - 11,243 - - - - -
2010 Tax Note Total 364,620 340,000 24,620 - - - - - -
2011 GO&Refunding 24.-5/20.3 174,257 :65,750 8,507 272,556 259,256 13,1,6 - -
8i1512013, 6,849 - 6,849 10,713 SC,713 - - -
2011 GO&Refunding Total 181,106 165,750 15,356 283,269 259,250 24,019 - - -
2012 CO ,i5/2G13 - - - 109,692 42•CiOC 67,692 73,128 2S,CCL 45,328
8•'i512L:3 - - 50,685 - 50,685 33,790 - 33,790
2012 CO Total - - - 160,377 42,(00 118,377 I06,918 28,000 73,918
2012 GO 2f1 5;'20_3 74,942 - 74,542 - - - - -
8/25/20:3 56,206 - 56,206 - - - - - -
2012GOTotal 131,148 - 131,148 - - - - - -
Grand Total 2,536,481 1,395,650 1,140,831 1,593,843 951,350 642,493 106,918 28,000 78,9181
L !&S T.ta/ I&S Pri-ilpal I&S Interest W/W T.t.I W(W Principal -W/'W In-erest SDT.t.I SD Principal SD Interest l
Current and Future Scheduled Debt Service Payments
$5 Doe
54,5CC 121 122
107 97 97
j 121
54,000
121 122 12 121 -
1 1 Storm
$3 500 - 1.771 2,70 - F x i Drainage
$3.000 t 1616 t {.
3,5J4 1,510 1,575 S,S3 I,StS
1 4 ( Water/
$z sco i j Wastewater
9 rrat
$2 OOC -
� r
r 40 � !_1 Interest�
s 6 :,s 9 151 ri4z x.6'2 iI Sinking
$1,000 1 x,+'23 7,1''.3- S },11 143.43 �14� �
t ` i 2 - - -
i y « 7 6 Im .
}500
$o . L _ L . � 1l _ . L_
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032
Fiscal Year 2012-2013 82 Adopted Budget
Appendix
OF Notice of Effective Tax Rate,
PER
2012 Property Tax Rates in Town of Prosper
TIm notice concerns the 2012 pn3pert tax rates for Torn of Prosper It presents information
about three tax rates Last year's tax rate ins the actual tax rate the taxing tout used to determine
property taxes last year This vear's egcc the tax rate would impose the same total taxes as last
year if you compare properties taxed in both rears This year',;ro2lhac k tax rate is the highest
tax rate the taxing rsut can set before taxpavers statt rollback procedures In each case these
gates are found by dnvrdmo the total rnotnt of tare,by the tax base t the total value of taxable
property)-,a itl:ad,n:stunen's as requ:rec:by sts`.e:a.•. The rates aie given per$100 of property
value
Last year's tai rate:
Last year's operating taxes $3,662.637
Last year's debt taxes $.? 246 668
Last year's total taxes S6009,305
Last vear's tax base $1 155.635.5"7
Last velar's total tax rate $0 52u000 3100
This year's effective tax rate:
Last year's adjusted taxes $5,992 131
Carter s-abtractmg tuxes on to=.t property)
-Thus year's adla,te3 tax base $I i 56 064 950
(after subtractm;value of ue-w pr�rperty!
=Thus year's ePectrn.e tax rate $n 1183?11100
(Maxm_unn rate unless unit publishes notices and holds hearmcs)
This year's rollback tax rate:
Last year's adjusted operating tare;_
$3.65_.175
(after subtracting taxes on lost property-and adjusting for ally
transferred function tax increment financing state cnnunal lustnce
mandate.and.or enhanced mdraeut heah')care expendihrres)
-Tlus}ear',adjusted tax base $1 '56 064,950
=Ttrs year's effechse operat=rate $0 21591.1$100
s 1-o8=thus years n>?.xinnnn operati-ng rate $C,341 137$100
-
This year's debt rate $0 203086$100
=This veal's total rollback rat: $0 544273$100
-Sales tax adlustnnent rate $0 033197$100
=Rollback tax rate $C`11076'$100
Statement of Increase/Decrease
If Tonvn of Prosper adopts a 2012 tax rate equal to tine effective tax rate of$0 51 S-32 i per$100
of value taxes would increase compared to 2011 taxe,by$473,_70
Schedule A-Unencumbered Fund Balance
The following estimate-d balances will he left m the unit s propert}tax accounts at the end of
the fiscal year These balances are not encumbered by a corresponding debt obligation
Type of Properq Tax Fund Balance
Mauitemwce&Operations 5.700 OOC
biterest&Snilang 85Cn OOO
Fiscal Year 2012-2013 83 Adopted Budget
Appendix
OF Notice of Effective Tax Rate
PER
Schedule B-2012 Debt Sei-vice
The unit plaits to pay the follow-mg amounts for long-term debts that are secured by property
taxes These amounts will be paid from property tax revenues(or additional sales tax revenues
if appbcable)
Principal or Contract Interest to be Other Amounts
Description of Debt Payment to be Paid Paid from to be Paid Total Payment
from Property Taws Property Taxes
2004 CO 530,000 339,600 50e f10 i00
X,011 CO 521 000 -20,297 94,?o?
100E CO 481 n00 +09,965 100 1-19'.406
:0I J Tax Nctes 340,000 --46-10 500 36' 120
_011 GO&Rchincime 4_15.W0 ;c 3 7i 500 464-57^
201:CIO 0 131 14E 500 131 64S
.'012 C,r) 700,00 197,295 100 167 70�
Total required for?012 debt service 54.240.741
Amount(if anvil paid from Schedule A SO
Amount(if any)paid from other resources S1 700-761
Excess collections last year so
=Total to be paid from taxes in 2012 $2--`39-900
AinouEt added in anticipation that the tnut will $0
collect only 100 Mo of its taxes in-1012
=Total debt levy $2 S39980
Schedule C -Expected Revenue from Additional Sales Tax
In calculating its effective and rollback tax rates the unit estimated that it will receive
$1,660 746 in additional sales and use tax revenues
This notice contains a suniniar}of actual effective and rollback tax rates'calculat.oiis You can
uispect a copy of the full calculations at 23,00 Bloomdale Rd Ste 2366,hicKirinev TX 75071
Name of person preparing this notice Kenneth L Maim
Title Tax Assessor Collector
Date Prepared 07,3011012
Fiscal Year 2012-2013 84 Adopted Budget
Appendix
N OF Ordinance-Approving Fiscal Year 2012-2013 Budget
1�`O§PER
' I
II
TOWN OF PROSPER,TEXAS
ORDINANCE NO. 12-28
AN ORDINANCE OF THE TOWN C'OU'NCIL OF"I'HE TOWN OF PROSPER,
TEXAS, ADOPTING THE FISCAL YEAR 2012-2013 ANNUAL BUDGET
FOR THE FISCAL, YEAR BEGINNING OCTOBER 1, 2012 AND ENDIM;
SEPTEMBER 30, 2013, ANI) APPROVING. CERTAIN ANIF:NUNIENTS TO
THE FISCAL YEAR 2011-2012 ANNUAL BUDGET FOR THE 'TOWN OF
PROSPER,TEXAS.
WHEREAS, the AlUltaal Budget for the Fown of Prosper. Ievas vas prepared
h} the Toy%n Mana;:er and presented to the Town Council on
Attgust 14,2012 in accordance vdth the 1 wwn C'hancr of the I'own
of Prosper,Texas:and
VVIIF:REAS, the Proper Fcotuatnic Development Corporation Board of
Directors approved the budget for the Prosper Fconomic
Developtnent Corporation tin August 15. 2012, and subsequently,
public hearings on the proposed Prosper Economic Development
Corporation hudget were held by the'town Council of the l'twal of
Prosper,Texas,on Scptemhcr 4 and 11,2012;and
WHEREAS, the proposed annual budget document was posted on the To-wn's
Internet vvc:b site and also made available for public rc',icw:and
WHEREAS, a notice of public hearings concerning the proposed Annual Fiwm
Budget vas published as required by State law and said public
hearings thereon were held by the `Ioun Council on September d
and It.2012;and
WHEREAS, li)llowing the public hearing, on September 4 and 11, 2011 and
upon careful review of, the proposed Fiscal Year 2012-2013
Budget_ and the review of the amendments to the current Fiscal
Year 2011-2012 E3udget, it is deemed to be in the hest financial
interest of the citizens of the To,-Nn of Prosper, Texas, that the
Town Council approve said budget and any amendments to the
current fiscal year budret and as presented by the Town Manager.
NOW, THEREFORE, BE IT ORDAINED BY THE TO'R'N COUNCIL. OF
THE TOWN OF PROSPER,TEXAS:
Section 1: -11 1M. the al-oNe findings arc hereby pound to be true and correct
and are incorporated herein in their entirety.
1 I
Fiscal Year 2012-2013 85 Adopted Budget
Appendix
• • Ordinance Approving 1 i t
� t ll� •
Section 2: 1 HAI. the official budget for the Fovvn of Prosper. Texas, for the
fiscal year beginning October 1, 2012 and ending September 311,
2013, is hereby adoplcd b} the Town Council of the Town of
Prosper, Texas, and the Town Secretary is directed to keep and
maintain a cop,. of such official budget on file in the office of the
Town Secretar} and_ upon request, make carne available to the
citizens and the general public.
Section 3: THAT, the Town Council of the Tovvn of Prosper. texas. hereby
approves certain amendments to the current Fiscal Year 2011-2012
Budget_as stated herein.
Section a: THAT_ the sums specified below are hereby appropriated from the
respective funds for the payment of expenditures on behalf of the
1 o"n gw ernnient as established in the approved budget
document:
FY 2011-2012 FY 2012-2013
FUND AMENDED BUDGET BUDGET
Gcntral Fund 58.287.253 $9,162.627
Interest& Sinking,fund S2.3.56.808 x2,556:482
Water& Sewer Fund S6,671,283 $7,576.516
Internal Scry ire Fund $50,000 550,000
Storm Drainage litilit) Fund $224.190 S249.113
Parl,s and Recreation Fund $1,620,000 $1,2.50,0[10
hnpJC't I CCs I and $5,553,0011 5712:225
Special Revenuc-Donation i and 5369.200 $59200
Capital Prnjccts Fund"' $7,693.085 1+12,700,97?
Econontic.Develo ntent Corporation $237,145 $-117,980
Toad 533,061,964 S34,7 64,51$
" t nspent funds September 30. 2011 %111 be uutumalicalk re-appropriated to the respective
project for FY 2012-71113.
Section S: T1 1A1_ Capital Projects Funds are presentc.xl in the budget
document on a multi-year, protect basis. xliereby all unexpended
capital project funds arc automatically rc-appropriated into the
subsequent fiscal year. Accordingly, no am)ual appropriation for
Capital Projects Funds, other than those specifically listed in
Section 4 above:,is provided.
Fiscal Year 2012-2013 86 Adopted Budget
Appendix
' N OF Ordinance 1 I Budget
I'l-OER
I
Section 6: RIA I,should any part, portion.section.or part of a section of this
Ordinance he declared invalid, or inoperative, or void for any
reason by a court of competent jurisdiction,such decision.opinion.
nr judgment shalt in no way affect the remaining ptovicions,parts,
sections. or parts of sections of this Ordinance, which provisions
shall he. remain,and continue to he in full fiorce and effect.
Section 7: 1 HAT, all ordinances and appropriations for which pro\isions
lia\e heretofore t-Pen made are hereby cNpressly repealed if in
conflict"ith the provisions of this Ordinance.
Section 8: THAW, in accordance v ith State I aw and the f ovm's ('ode of
Ordinances. proper notice of public hearings has been proNided for
said Ordinance to he considered and passed. and this Ordinance
shall take effect and be in full force and effect from and after its
final passage.
Section 9: THAI, specific authority is hereby given to the Town Manager to
transfer appropriations budgeted from one account classification or
activity to another within any indi%idual department or activity.
AND Ch IS SO OItI?AUNVD.
Passed and approved by a Vote of�. to y on this the 25"` clay of Septeniher,
2012.
TOW! OF PROSPF,R,TEXAS
rt
Ray SmiIh. Mayor
AVUEST:
- y
Amy I'tukana,'I Xi(','l own Secretary
i
Fiscal Year 2012-2013 87 Adopted Budget
Appendix
• N OF Ordinance Approving 2012
i".r
PRiTWN OF
)iSPER
ORDTNANCF\0- 12-29
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS ADOPTING THE TOWN OF
PROSIER 2012 PROPERTY TAX RATE,LEVYING TAXES FOR FISCAL YEAR BEGINNING
OCTOBER 1,2012 ANTI) ENDING SEI'TEhIBER 30, 2013 AT THE RATE OF 30.52 PER ONE
III:NT)RF.D DOLLARS(5100.00)ASSESSED FALL'ON ALL TAXABLE PROPERTN'WITHIN
THE CORPORATE LIMITS OF THE TOWN OF PROSPER,TEXAS IN ACCORDANCE WITH
EXISTING STATUTORY REQUIREMENTS AND PROVIDING FOR THE PUBLICATION OF
THE CAPTION HEREOF ON THE TOWN'S HOME PAGE OF ITS N4 EBSITE.
I
WHEREAS, the Town Council of the 'I oven of Prosper, Texas (hereinafter referred to as the
"Iomn_-) hereby finds that the tax for the fiscal year beginning,October 1, 2012, and ending Septentbet
30, 2013, hereinafter levied for current expenditures of the Town and the general improvements of the
T own and its Property must he levied to provide revenue requirements for the budget for the ensuing year;
and
kk IIERFAS,the I oven Council has approved,by separate ordinance to be adopted on the 25"'day
Of Septernher_ ?01 2, the budget for the fiscal year beginning October 1, 2012 and ending September 30,
20:3;and
IKIIL.RLAS, all statutory and constitutional requirements concerning the levying and
assessing of ad valorem taxes have been complied with.
NOW TIIFRFFORF, BF IT ORDAINED BY TIIF TO%VN COUNCIL OF THE TO1NN OF
PROSPER,TEXAS,C0I.1-TN COUNTY,TEXAS:
SECTION I: findings Incorrxxated. The findings set forth above are incorporated into the
bodv of this Ordinance as if fulty set forth herein.
SL(_I K)N_2: adoption wf I'ax Katc. \ke the 1 own Council of the loon of Prosper do hereby
lcv y or adopt the tax rate of S0.520000 per S100 v aluation for the Town for tax year 2012 as follow;:
S0.316914 for the purpose of maintenance and operation and
$0.203086 for payment of principal and interest on debt service
S_EC I_ION 3: Truth In Caxation Re_yuired Language. The rate adopted is higher than both the
effective and rollback rates as calculated according, to Truth In Taxation, and the total levy for
maintenance and operations exceeds last %car's levy for the same. As a result, the 1611mOng statement
wu-.t be included in the ordinance in a ttpc larger than that used in any portion of the ordinance.
THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE
AND OPERATIONS THAN LAST YEAR'S TAX RATE,
Page 1 of 2
Fiscal Year 2012-2013 88 Adopted Budget
Appendix
OF Ordinance Approving 1 Rate
1 liw
THE TAX RATE WILL E:FFEC'TIVE LY BE RAISED BY 12.10 PERCENT
AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS
ON A$100.000 IIOME BY APPROXINIATE.LY$-0.03.
SLC'I ION 4: I rurth-In Taaati(m.Rcquired µ`ch Posting- The rate adopted is higher than both
tile effectii e and rollback rates as calculated according to Truth In Taxation, and the total let) for
maintenance and operations exceeds last year's lei- for the same, As a resell,the follov6ing statement
mw»t be pm.Psted to the home page of the t'own's web site.
'I'll E;TOM'N OF PROSPER ADOPTED A TAX RATE.THAT WILL
RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS
THAN LAST"YEAR'S TAX RATE:.
THE 'I AX RATE WILL EFFE;C'TIVELY BE RAISED BY 12.10 PERCENT"
AND WILL RAISE: TAXES FOR MAINTENANCE AND OPERATIONS
ON A$100,000 HOME BY APPROXIMATELY S-0.03.
SbC I ION S: Place of Pavinent/Colkc:tion. 'I lie 'I ax Assessor-Coltector for Collin County is
hereby authorized to assess and collect the taxes of the Town of Prosper in accordance with this
.ordinance. Fbe I wom shall have all rights and remedies prodded by the law for the enfor.:ernent of the
crdlcetion Oftaxea le%ied under thi,,ordinance
SECTION 6: Savings Repeal inc Clause All provisions of any ordinance in conflict«ith this
Ordinance are hereby repealed-, but such repeal shall not abate an) pending prosecution for violation of
the repealed Ordinance,nor shall the repeal pre%ent prosecution from being commenced for any violation
if occurring prior to the repeal of tlic Ordinance. Am remaining portions of conflicting ordinances,hall
amain in full liucc and effect.
SI.0 I ION 7: Severability. Should any section, subsection_ sentence, clause or phrase of this
Ordinance be declared unconstitutional or invalid by a court of competent jurisdiction, it is expressly
provided that any and all remaining portions of this Ordinance shall remain in full fore and c cct
Prosper 1wreh,. declares that it would hase passed this Ordinance,and each section,subsection, sentence.
clause, or phrax thereof irrespe lice of the fact that any one or more sections. suhsections- sentences.
cl:ursc�.or phrase,be declared unconstitutional or ill%Aid
SEC[ION 8. laftectivc Date.This Ordinance shall become eftectii c from and after its adoption
and publication as required h} la,,N.
MIA' PASSED AND APPROVED BY THE TOWN COI. N(-Jl_ OF THE TONVN OF
PKOSPFR, 1EXAS ON MIS 2.5" DAY OF ShPTFMHFR. 2012) Al A ME,E:TINO VI"l1ICl1 WAS
HELD IN SI RIC'T ACCORDANCE W11E1 THE TEXAS OPkN h4FlA 1NO MA
RA ti SMI, {. Mayor
ATTEST l O:
AMY F'It.'KANi.TRMC
Fow n Secretari
Page 2 of 2
J
Fiscal Year 2012-2013 89 Adopted Budget
Appendix
• r Sewer Rates
1 It� October
PL !
OWN OF
SPER
ORDINANCE NO.12-27
AN ORDINANCE OF THE TOWN OF THE PROSPER,TEXAS;AMENDING ORDINANCE NOS.02-33,03-48,05-
72,09.51,10-77 AND 11-61,COMPREHENSIVE FEE SCHEDULE,SECTION 11 (WATER AND WASTEWATER
RATES), EXHIBIT "B"; PROVIDING FOR A PENALTY FOR THE VIOLATION OF THIS ORDINANCE;
PROVIDING FOR SAVINGS,REPEALING AND SEVERABILITY CLAUSES; PROVIDING FOR AN EFFECTIVE
DATE;AND PROVIDING FOR THE PUBLICATION OF THE CAPTION HEREOF.
WHEREAS, the Town Council of the Town of Prosper, Texas ("Town Courcir) has investigated and
determined that it would be advantageous and beneficial to the citizens of the Town of Prosper.Texas('Prosper')to
amend Ordinance Nos.02.33,03-48,05-72,09-51, 10-077 and 11-61, Comprehensive Fee Schedule,Section 11
(Water and Wastewater Rates),Exhibit"8",to amend water and wastewater rates,and
WHEREAS, the Town Council has investigated and determined that it would be advantageous and
beneficial to the citizens of Prosper to amend water and wastewater rates as set forth below.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS;
SECTION 1: Flndirt4s The findings set forth above are incorporated into the body of this Ordinance as if
fully set forth herein.
SECTION 2. Arrendment to Ordinance Nos.02-33.03-48.05-72.09-51.10-77 and 11-61 Comorehensive
Fee Schedule,Section 11 Mlater and Wastewater Rates).Exhibit"8" Ordinance Nos,02-33,03-48,05-72,09-51,
10-77 and 11-61 Comprehensive Fee Schedule,Section 11 (A''ater and Wastewater Rates), Exhibit"B"is hereby
amended and replaced with the Exhibit"13"attached hereto and incorporated herein for all purposes which modifies
the water and wastewater rates as set forth therein
SECTION 3. Penaltv Provision. Any person,firm,corporation or business entty violating this Ordinance or
Ordinarce Nos 02-33,03.4B,05-72,09-51, 10-77 and 11-61 shall be deemed guilty of a misdemeanor,and upon
ccnviction thereof shall be fined a sum not exceeding Five Hundred Dollars($500.00) Each occurrence in violation
of this Ordinance shall constitute a separate and distinct offense. The penal provisions imposed under this
Ordinance shall not preclude Prosper from filing suit to enjoin the violation nor shall it preclude Prosper from taking
such other lawful action as is necessary to prevent or remedy any violation. Prosper retains al'legal rights and
remedies availab?e to ft pursuant to local,state and federal law.
SECTION 4: SavinoslReoealina Cause Ordinance Nos 02-33,03 48,05 72,09-51, 1077 and 11-61
shall remain in full force and effect except as amended by this or any other ordinance. All provisions of any
ordinance in conflict with this Ordinance are hereby repealed to the extent they are h conflict;but such repeal shall
Fee Sclmdult Ordin»ncc(Amend Nos.02-33,03-48,05-72,09.51,10-77 and 11.61)
1u?hvn.i
Fiscal Year 2012-2013 90 Adopted Budget
Appendix
-Revising
Effective After October 1,2012
i
not abate an pending rosecution for vwlabon of the re Baled ordinance nor shall the repeal prevent a prosecution
YPe gP P P P P
from being commenced for any violation if occurring prior to the repeal of the ordinance Any remaining Portions of
sad ordinances shall remain in full force and efrect.
SECTION 5: Severabigy Should any section,subsection,sentence,clause or phrase of this Ordinance
to declared unconstitutional o^invalid by a court,of competent jurisdiction,it is expressly provided that any and all
remaining portions of this Ordinance shall rema?n in full farce and effect. Prosper hereby declares that it would have
passed this Ordinance,and each section,subseclion,clause or phrase thereof irrespective of the fact that any one
or more sections,subsections,sentences,clauses and phases be declared unconstitutional or invalid
SECTION 6. Effective Date This Ordinance shall become effective from and after its adoption and
pubkcation as required by law.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN Or PROSPER,TEXAS ON
THIS 25^DAY OF SEPTEMBER,2012-
R.AY SMITI Mayor
ATTESTED TO.
AMY PiUlW4A, M�,-town Secretary
DATE OFPUBL1CAT10N. /U__3_/2--_in the ProsperPress
i
Fee Schedule t)rdinance(Amend Nos,02-33,03.48,05-72,04-51,10-77 and 11-61) j
arze�c-e
I
J
Fiscal Year 2012-2013 91 Adopted Budget
Appendix :'1 1
- Rates'
1
Exhibit"113'
Town of prosper VYater and Wastewater Rates
Effective First Full Billing Cycle Following October 1.2012 y I
I � ...:! -xw ,?` 3'� - .xr"ri':,��• �•.' a�"rte rY'a pY &......-_ w -r.n ev.P`�' :S' '-`�.Aa -.._�-'�9
Residential Water Service Rates Residential Wastewater Service Rates
Meter Size I Minimum Service Charqe I All Residential Accounts I Minimum Ser.4ce Charge I
314'or SmaCer $ 11 12 $ 2263
11- I $ 18.54 I I
1'.4' $ 3707 Volumetric Charqe Rate per 1,000 Gallons
IT I $ 53 32 I All 1 $ 352 1
13- I $111 15 I
14.1 1 $16536 1
1 ' 1 $370.52 1
Volumetric Charges I Rate w .004 Gallons I Arntei Averaciinq
1 0-t0,000 Gaflors 1 $ 374 I,
10.0"1-40.000 Ga"lars I $ 5.60 I h6stty�a[Er ualurr>z7x:cfiarg�or residertlel a:.,.runs are
1 tr1-001-&^,000 Gallons $ S 41 I bled Cased c n the Ykiter Average Cor:st:mC�:n during the
elonths of Cacernter,January and Fet:rua y
180.001-Plus 1 $ 12.61 1
Additional Residential Service Charges
Service initiation 1 $ E5 00 1 Transfer Fees I $ 20 00 1
I Meter Accuracy Re-Reads I $ 15-'t0 1 Late Fees 1 10%of Billed Amount I
Senior citizen account holders who qual.fy are en:tled to receive the first two thousand;2,000,gallons
included as part of the m:nin-lram water bK1 for indoor residential accounts. To be ehgibie the customer
must be the listed account holder age sixty-five,1651 or older complete an appGcauon for tie discount
provide proof of age on a valid United States or State ID and rot be receiving the senior c,ti_en discount
or.any other Town of Prosper account This discount does not apply to wastewater charges
'-ate payment penalties sha[I be warned for any account holder,on tha-,customers residents unity bill,
upon request and presentation of adequate proof:hat the customer is either
• at[east age srxty-five(651 and the recipient of social security or other bona fide retrement benefts
OR
• is totally disables
I
MLItifamily Dwellings,Townhornes and other hlu€'titenart Accounts served by one master me-er will be
billed a minimum water charge per unit equal to the 314'Residential base rate and the minimum service
charge for wastewater The Residential volumetric charges wl'apply as normal:y scheduled or,a'1 master
meter consumption for bath water and wastewater services,except that winter ave-aging will not be
applied to MUtifamily Dwellings served by one master meter
ICu'of Town rates are the same as In Town rates fo•wate-and wastewater
�I
I
, I
Exhibit B to Fee Schedule Ordonance(Amend Nos 02-33.03-43.06-'2.09-41,10-"and 11-611
st2eF5-_
Fiscal Year 2012-2013 92 Adopted Budget
Appendix
N OF Ordinance-Revising Water and Sewer Rates
P E R Effective After October 1,200
I lid
I
I
I
Exhibit`113'
Town of Prosper Water and Wastewater Rates
Effective First Full Eiffing D;cle Following October 1.2012
�f
Commercial•��
l Water Service Rates Commercial Wastewater Service Rates
I Meter Size I fdinimum Service Charge I All Commercial Accounts I Minimum Senke Charge
cr S rnaGer I $ 253 I I S 25. 4 I
I1 I $ 1_22 I I
$ 2944 I Volumetric Charge I Rate oer 1,000 Gallons
12- I $ 45.50 I All I $ 425 I i
13 I $ 85 311 I
14` 1 $'.4218
I I $284 4G A
I Volumetric Charges 1 Rate per 11.0007 Gallons J
1 v-10,000 Galorrs ( $ •=.03
110 001-4;,,000 Galore I $ 5.04
140(r.1-63,000 Galors 1 $ 6 r- I
180-D31-Plus I $ 7.87
Additional Commercial Service Chartmes
Service Initiation I $ 7500 ITrwisfer Fees I $ 2.^..00 1
1 Meter Accuracy Re-Reads 1 $ 15 or) 1 Late Fees 1 10%of 8Illed Amount I
Out of Town rates a,e the same as Ir Towr rates for water and wastewater
I
II
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F<Mbit B to Fee Srbedule Ordinance fAmradNo;.GI-??.03-49.4E-^2.49-51.10?^and 111-611
Fiscal Year 2012-2013 93 Adopted Budget
Appendix
• Ordinance
P E_ Effective After October 1,2012!
lid
I
I
Exhibit°B'
Town of Prosper Water and Wastewater States
EffectNe First Full Billing Cycle Following October 1.2012
Irri atien tiYater Service Rates Irri atian 1Yastewater Serriee Rates
Meter Size I Minimum Service Charge
314"or Smal!e I $ 4 03
I
17. I $ C71 I Irrigation.Accounts are not titled for wastewater services
$ 13 43 I nigatic•A.counx aae stricty f_r anti water s-•v.ce
127 I $ 2146 ci .ica*l sc:ety t_fur,c•water carry to awn sp. k'er•or
$ 4.31 I ir•_wabon:ynte ri, and do nct!recty rec.-Ne wastewater sw:es
14 I $ 6714
I& I $13'35
Vol urnetric Charges I Rate per 1.000 Gallons
—1;,,000 Ga`lors I $ 5.64
110 031—4' Callers I $ 6 4
4010:1—83.000 Capons I $ 745
8 .57 I
I..�0^1—Plus I $ s
Additional li igation Service Charges
Service initiation I $ 75.00 I Transter Fees I $ 2..00 I
Meter Accuracy Re-Reads I $ 1500 I Late Fees I 10%of Billed Amount I
Out o'Tovr.rates are the same as In Tcwr rates for Ovate-
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I i
Ezhihit B to Fee Schedule Ordinance(Amend N-o-.02-33.G3-48.AYE- 2.69-41.10 and 11-611
+G'_[c 5-:
Fiscal Year 2012-2013 94 Adopted Budget
Appendix
OF 1 Acronyms
i "
-A-
Accrual Accounting-A basis of accounting in which revenues are recognized in the accounting period in which they are earned,
and expenses are recognized in the period in which they are incurred.
Ad Valorem-Latin for"value of'.Refers to the tax assessed against real(land and buildings)and personal(equipment and
furniture)property.
Annexed Property-Land previously outside the Town limits that becomes part of the Town during a year through the legal
process of incorporation.
Appraised Value—An estimated value for the purpose of taxation.The Collin and Denton Central Appriasal Districts establish
property values for Town of Prosper properties in their respective Counties.
Appropriation-An authorization made by the Town Council,which permits the Town to incur obligations and to make
expenditures of resources.
Appropriation Ordinance-The official enactment,by Town Council,to legally authorize Town Staff to obligate and expend
resources.
Assessment Ratio-The ratio at which tax rate is applied to tax base.The assessment ratio is currently set at 100%by State law.
Assets-Resources owned or held by the Town which have monetary value.
Audit-A comprehensive review of the manner in which the government's resources were actually utilized.A certified public
accountant issues an opinion over the presentation of financial statements,tests the controls over the safekeeping of assets and
makes recommendations for improvements where necessary.
-B-
Balanced Budget-A financial plan for a fiscal year that matches all planned revenues and expenditures with the services
provided to the residents of the Town based on established policies.
Bond-A written promise to pay a sum of money on a specific dates)at a specific interest rate. The interest payments and the
repayment of the principal are detailed in a bond ordinance.
Bonded Debt-That portion of indebtedness represented by outstanding bonds.
Budget-A financial plan,for a specified period,of operations that matches all planned revenues and expenditures with the
services provided to the Town.
Budget Adjustment-A legal procedure utilized by the City Staff and City Council to revise a budget appropriation within
guidelines established in the Town Charter.
Budget Calendar-The schedule of key dates,which the Town follows in the preparation and adoption of the budget.
Budget Control-The control or management of the organization in accordance with an approved budget for the purpose of
keeping expenditures within the limitations of available appropriations and revenues.
Budget Document-The instrument used by the budget-making authority to present a comprehensive financial plan of
operations to the Town Council.
Budget Message-The opening section of the budget from the Town Manager,which provides the Town Council and the public
with a general summary of the most important aspects of the budget.
Fiscal Year 2012-2013 95 Adopted Budget
Appendix
Glossary Abbreviations 1
t li* •
Budgetary Control-The control or management of a government or enterprise in accordance with an approved budget for the
purpose of keeping expenditures within the limitations of available
appropriations and available revenues.
-C-
CAD/RMS(Computer Aided Dispatch/Records Management System)—The main software program
used by the police department.This software dispatches and tracks all police,fire and EMS calls and provides data to the Mobile
Data Computers(MDCs)installed in every unit.
Calculated Effective Tax Rate-State law in Texas prescribes a formula for calculating the effective tax rate for cities.The net
effect of the formula is to produce a tax rate that goes down when property values rise because of inflation and vice versa.The
intent is to generate a rate that produces approximately the same revenue as the year before.The formula does make
adjustments for newly annexed property and newly constructed property for the effective tax rate calculation.
Capital Improvement Program-A plan for purchasing capital expenditures over a period of years to meet capital needs arising
from the long-term work program or otherwise.It sets forth each project or other contemplated expenditure in which the
government is to have part and specifies the full resources estimated to be available to finance the projected expenditures.
Capital Outlays-Expenditures which result in the acquisition of,or addition to,the fixed assets.
Capital Projects Fund-A fund created to account for financial resources to be used for the acquisition or the construction of
major capital facilities or equipment.
Capital Reserve-Funds that have been appropriated from operating revenues which are to be set aside for designated types of
maintenance to the existing infrastructure.
Certificates of Obligation-Tax supported bonds that are similar to general obligation bonds and can be issued after meeting
strict publication requirements and with final approval by the Town Council.
Contractual Services-The costs related to services performed for the Town by individuals,business,or utilities.
Current Taxes-Taxes levied and due within one year.
-D-
Debt Service Fund-A fund established to account for the accumulation of resources for,and the payment of,long-term debt
principal and interest.
Delinquent Taxes-Taxes that remain unpaid after the date on which a penalty for nonpayment is attached,i.e., tax statements
are mailed out in October and become delinquent if unpaid by January 31.
Department-A major administrative organizational unit of the Town,which indicates overall management responsibility for one
or more divisions.
Depreciation-Expiration in the service life of capital assets attributable to wear and tear,deterioration,action of the physical
elements,inadequacy or obsolescence.Also that portion of the cost of a capital asset which is charged as an expense during a
particular period.
Division-A major administrative organizational unit of the Town,which indicates overall management responsibility for one or
more activities.
-E-
EDC(or PEDC)—Prosper Economic Development Corporation On May 6,1995,Town of Prosper voters approved the 4A Sales Tax
proposition which increased the sales and use tax by%of 1%for the promotion and development of new and expanded business
enterprises.The Corporation is Town-chartered and governed by a 5-member Board of Directors appointed by the Town Council.
Fiscal Year 2012-2013 96 Adopted Budget
Appendix
• 1 tl 1
=! t'('��
Effective Tax Rate-Texas law prescribes a formula for calculating the effective tax rate for cities.The net effect of the formula is
to produce a tax rate that goes down when property values rise(and vice versa)to generate a rate that produces approximately
the same revenue as the year before.The formula makes adjustments for additional debt service,newly annexed property,and
newly constructed property.If the tax rate is raised over the prior year's effective tax rate,State law requires that special notices
must be posted and published.If the increase is more than 8%,the increase above 8%is subject to a possible rollback election by
the voters.
EMS-Emergency Medical Service
Encumbrance-The commitment of appropriated funds to purchase an item or service.To encumber funds means to set aside or
commit funds for a future expenditure.
Enterprise Fund(Water&Sewer Fund)-A fund established to account for operations of the water and sewer system.It is
operated in a manner similar to private business enterprises where the intent is cost recovery.
EOC-Emergency Operations Center
Estimated Revenue-The amount of projected revenues to be collected during the fiscal year.
Exempt-Personnel not eligible to receive overtime pay and who are expected to put in whatever hours are necessary to
complete their job assignments.
Expenditures-A decrease in the net financial resources of the Town due to the acquisition of goods or services.
-F—
Financial Policies-Financial policies are used to enable the Town to achieve a sound financial position.
Fiscal Year-A 12-month period to which the Annual Budget applies.The Town of Prosper has specified October 1 to September
30 as its fiscal year.
FLSA-Fair Labor Standards Act,The FLSA establishes minimum wage,overtime pay,recordkeeping,and youth employment
standards affecting employees in the private sector and in Federal,State,and local governments.
Franchise Fee-A fee paid by public service utilities for use of public property in providing their services to the citizens of the
community.
Fund-An accounting entity with a self-balancing set of accounts that record financial transactions for specific activities or
government function.
Fund Accounting-A governmental accounting system,which is organized and operated on a fund basis.
Fund Balance-The excess of assets over liabilities.
Fund Type-In governmental accounting,all funds are classified into eight fund types:General,Special Revenue,Debt Service,
Capital Projects,Special Assessment,Enterprise,Internal Service,and Trust&Agency.
-G-
GAAP-Generally accepted accounting principles as determined through common practice or as promulgated by the
Governmental Accounting Standards Board,Financial Accounting Standards Board,or various other accounting standard setting
bodies.
GASB—(Governmental Accounting Standards Board)GASB was established in 1984 as the body authorized to establish
accounting standards for state and local government.
J
Fiscal Year 2012-2013 97 Adopted Budget
Glossary bb
I-
Appendix'
GASB 34—The 34th Concepts Statement issued by GASB.This statement changes the way that local governments prepare and
present their annual financial statements.Under the new model,the financial report is presented on an entity wide basis rather
than fund by fund.Furthermore,the Town's infrastructure(roadways,traffic signals,drainage channels)will be listed as assets of
the Town and reported at their depreciable value.
GIS-Geographic Information System,Services currently provided under contract with Frisco GIS
General Fund-The fund used to account for all financial resources except those required to be accounted for in another fund.
General Obligation Bonds-Bonds that finance a variety of public projects,which pledge the full faith,and credit of the Town.
Goals-Broad,general statements of each division's desired social or organizational outcomes.
Governmental Funds—Applies to all funds except for the profit and loss funds(e.g.,enterprise fund and internal service fund.)
Grant-A contribution by a government or other organization to support a particular function.Grants may be classified as either
categorical or block depending upon the amount of discretion allowed the grantee.
-H-
HOA-Home Owners'Association
-I-
ICMA-International City and County Management Association,Professional and educational association for government officials
Impact Fees-Fees assessed to developers to help defray a portion of the costs that naturally result from increased development.
By Texas law,these fees must be used for capital acquisition or debt service relating to capital projects.
Infrastructure-The underlying permanent foundation or basic framework.
Interest Earnings-The earnings from available funds invested during the year in U.S.Treasury Bonds,Government agencies,and
Certificates of Deposits or other approved investment.
Interfund Transfer-A movement of cash between funds for the purpose of return on investment or funding projects and
operations.
Intergovernmental Revenues-Revenues from other governments in the form of grants,entitlements,shared revenues or
payments in lieu of taxes.
Internal Service Funds-Funds established to finance and account for services and commodities furnished by a designated
department to other departments within a single governmental unit or to other governmental units.Amounts expended by the
fund are restored thereto,either from operating earnings or by transfers from other funds,so that the original fund capital is
kept intact.
Investments-Securities,bonds,and real property(land or buildings)held for the production of revenues in the form of interest,
dividends,rentals or lease payments.The term does not include fixed assets used in the normal course of governmental
operations.
-L-
Liabilities-Debts or other legal obligations arising out of transactions in the past,which must be liquidated,renewed or
refunded at some future date.
Line Items-Expenditure classifications established to account for approved appropriations.Line Item budgets for all
departments are available upon request at Town Hall.
Fiscal Year 2012-2013 98 Adopted Budget
Appendix '
• • 1 Abbreviations
Long-Term Debt-Unmatured debt of a government expected to be repaid from government funds.An average repayment
schedule is 20 years.
-M-
Maintenance-All materials or contract expenditures covering repair and upkeep of Town buildings,machinery and equipment,
systems,and land.
Materials and Supplies-Expendable materials and operating supplies necessary to conduct departmental activity.
Modified Accrual Accounting-A basis of accounting in which revenues are recognized in the accounting period when they
become available and measurable.Expenditures are recognized in the accounting period in which the fund liability is incurred.
-N-
NCTCOG or COG—North Central Texas Council of Governments,is a voluntary association of,by and for local governments,
established to assist local governments in planning for common needs,cooperating for mutual benefit,and coordinating for
sound regional development.
Note-A certificate pledging payment,issued by a government or bank.
NTMWD-North Texas Municipal Water District
-0-
Objectives-Specific statements of desired ends,which can be measured.
Operating Budget-Plans of current expenditures and the proposed means of financing them.The annual operating budget is the
primary means by which most of the financing acquisition,spending and service delivery activities of a government are
controlled.The use of an annual operating budget is usually required by law.
Operating Costs—Outlays for such current period items as expendable supplies,contractual services,and utilities.
Ordinance-A formal legislative enactment by the governing board of a municipality.If it is not in conflict with any higher form of
law,such as a State statute or constitutional provision,it has the full force and effect of law within the boundaries of th e
municipality to which it applies.The difference between an ordinance and a resolution is that the latter requires less legal
formality and has a lower legal status.Revenue raising measures,such as the imposition of taxes,special assessments and
service charges,universally require ordinances.Ordinances and other legislation are not passed until the plans for and costs of
endorsements are known.
-P-
Part-Time-Part-time employees work less than 40 hours per week and may not be entitled to full-time employee benefits.
PEDC(or EDC)—Prosper Economic Development Corporation—see full definition under EDC
Per Capita Costs-The cost of service per person.Per capita costs are based on the population estimate provided by the North
Texas Council of Governments.
Performance Measures-Specific quantitative measures of work performed within an activity or program.They may also
measure results obtained through an activity or program.
Personnel Services-The costs associated with compensating employees for their labor.This includes salaries and fringe benefits.
Projected Actual-An estimate of year ending balances for all accounts used for budgeting purposes.
Fiscal Year 2012-2013 99 Adopted Budget
Appendix
• Abbreviations
t tip
Property Taxes-Used to describe all revenues received in a period from current taxes,delinquent taxes,penalties,and interest
on delinquent taxes.Property taxes are levied on both real and personal property according to the property's valuation and tax
rate.
Proprietary Funds—Such as the Town's Enterprise and Internal Service funds are used to account for services provided by one
department or agency of a government to other departments,other governmental units,or the general public on a user charge
basis.
Public Hearing-The portions of open meetings held to present evidence and provide information on both sides of an issue.
-Q-
-R-
Reimbursement-Repayment to a specific fund for expenditures incurred or services performed by that fund to or for the benefit
of another fund.
Reserve-An account used to indicate that a portion of a fund balance is restricted for a specific purpose.
Retained Earnings-The excess of assets less liabilities in the proprietary funds.
Revenue-Funds that the government receives as income.
Revenue Bonds-Bonds whose principal and interest are payable exclusively from a revenue source pledged as the payment
source before issuance.
RFP-Request for Proposals
RFQ-Request for Quotes
Risk Management-An organized attempt to protect a government's assets against accidental loss in the most economic method.
ROW—Right of Way
-S-
SAFER-Staffing for Adequate Fire and Emergency Response,Federal Grant
Special Revenue Fund-A fund used to account for the proceeds of specific revenue sources(other than special assessments,
expendable trusts or for major capital projects)that are legally restricted to expenditures for specified purposes.
STEP-State Traffic Enforcement Program
Strategic Plan-Document which lists or describes major goals of an organization along with the strategies that will be employed
in attaining them.
-T-
Tax Base-The total value of all real and personal property in the Town as of January 1st of each year,as certified by the
Appraisal Review Board.The tax base represents net value after all exemptions.
Tax Levy-The resultant product when the tax rate per one hundred dollars is multiplied by the tax base.
Tax Rate-Total tax rate is set by Council and is made up of two components:debt service and operations rates.The 2012-2013
tax rate for the Town of Prosper is$0.52 per$100.00 valuation,with debt service comprising$0.203086 leaving the remaining
$0.316914 of the total distributed to the General Fund.
Fiscal Year 2012-2013 100 Adopted Budget
OF Appendix
Glossary-Terms,Abbreviations : Acronyms
i
Tax Increment Financing(TIF)-Tax Increment Financing;a tool to use future gains in property and sales taxes to finance eligible
public infrastructure such as streets,drainage,parking garages,parks,trails,and other improvements as allowed by law,within a
reinvestment zone.
Tax Increment Reinvestment Zone(TIRZ)-Zone geospatially designated as subject to Tax Increment Financing.
TMRS-Texas Municipal Retirement System
Transfers In/Out-Amounts transferred from one fund to another to assist in financing the services or programs for the recipient
fund.
Town Charter-The document of a home rule Town similar to a constitution,which establishes the Town's government structure
and provides for the distribution of powers and duties among the various branches of government.
Town Council-The Mayor and six(6)Council Members collectively acting as the legislative and policymaking body of the Town.
-U-
-V-
-W—
W&S—Water&Sewer
Working Capital—Current assets minus current liabilities.
-X-
-y-
-Z-
Fiscal Year 2012-2013 101 Adopted Budget
N OF
`• tqN • E R "Prosper is a Place Where Everyone Matters'
�i
VIjSPER OWN OF
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Fiscal Year 2012-2013 102 Adopted Budget
r
TOWN PISPOF E :3
Prosper is a place where everyone matters.
HANK YOU TO THE
BUDGET EAM
s
F-
i.t
The Town Budget truly takes teamwork and I trust more
- hands went into this effort than are recognized here.
Below I'd like to thank those specifically assigned to the budget.
r
` Zelia Alvarez, Municipal Court Asst. Chief McHone, Police
F x,
Bryan Ausenbaugh, Fire Marshal Linda Shaw, Library
F
Asst. Chief Blasin ame, Fire Wayne Snell Inspections
Chris Copple, Planning Sidney Snyder, Dispatch '}
Trish Eller, Code Compliance Angela Tucker, Public Works
Lori Heikkinen, Finance Chief Tucker, Fire
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Frank Jaromin, Public Works Kelly Vanaman, Utility Billing
Chief McFarlin, Police Hulon Webb, Engineering
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5Vatthew (13. Garrett, Finance � �
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FISCAL YEAR 2012-2013 ADOPTED BUDGET
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