92-03 O - Budget Adoption for 1992-19934
gown Of -(-fDZ0l#e"r
P.O. Box 297
Prosper, Texas 75078
214/347-2304
ORDINANCE # 92-03
ADOPTING THE BUDGET FOR 1992 - 1993
AN ORDINANCE MAKING APPROPRIATIONS FOR THE SUPPORT OF THE
CITY OF PROSPER FOR THE FISCAL YEAR BEGINNING OCTOBER 1,
1992 AND ENDING SEPTEMBER 30, 1993; APPROPRIATING MONEY
TO A SINKING FUND TO PAY INTEREST AND PRINCIPAL DUE ON THE
CITY'S INDEBTEDNESS; AND ADOPTING THE ANNUAL BUDGET OF THE
CITY OF PROSPER FOR THE 1992-1993 FISCAL YEAR.
WHEREAS, THE BUDGET, APPENDED HERE AS EXHIBIT A, FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 1992 AND ENDING SEPTEMBER 30, 1993, WAS DULY PRESENTED TO THE CITY
COUNCIL BY THE MAYOR AND A PUBLIC HEARING WAS ORDERED BY THE CITY COUNCIL AND A
PUBLIC NOTICE OF SAID HEARING WAS CAUSED TO BE GIVEN BY THE CITY COUNCIL AND
SAID NOTICE WAS PUBLISHED IN THE MCKINNEY COURIER GAZETTE AND SAID PUBLIC HEARING
WAS HELD ACCORING TO SAID NOTICE; NOW, THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PROSPER, TEXAS:
law
SECTION 1. THAT THE APPROPRIATIONS FOR THE FISCAL YEAR BEGINNING OCTOBER 1,
1992 AND ENDING SEPTEMBER 30, 1993, FOR THE SUPPORT OF THE GENERAL GOVERNMENT
OF THE CITY OF PROSPER, TEXAS, BE FIXED AND DETERMINED FOR SAID TERMS IN ACC-
ORDANCE WITH THE EXPENDITURES SHOWN IN THE CITY'S FISCAL YEAR 1992-1993 BUDGET,
A COPY OF WHICH IS APPENDED HE EIO AS EXHIBIT A;
SECTION 2. THAT THE BUDGET, AS SHOWN IN WORDS AND FIGURES IN EXHIBIT A, IS
HEREBY APPROVED IN ALL RESPECTS AND ADOPTED AS THE CITY'S BUDGET FOR THE FISCAL
YEAR BEGINNING OCI'OBER 1, 1992 AND ENDING SEPTEMBER 30, 1993.
SECTION 3. THAT THERE IS HEREBY APPROPRIATED THE AMOUNT SHOWN IN SAID BUDGET
NECESSARY TO PROBIDE FOR A SINKING FUND FOR THE PAYMENT OF THE PRINCIPAL AND
INTEREST AND THE RETIREMENT OF THE BONDED DEBT OF SAID CITY.
PASSED AND APPROVED THIS THE DAY 0 , 1992.
APPROVED:
RA")TON, MAYOR
ATTEST:
c -4z dle, e- 4 1
i
'SHIRILEY J K CIT SECRETARY
1992 - 1993
CITY OF PROSPER
GENERAL FUND BUDGET
REVENUES
CURRENT TAXES ($104,589.36 @95%-CURRENT RATE $ .33) $ 99,359.89
CURRENT DELINQUENT TAXES 3,137.67
DELINQUENT TAXES (91 & PRIOR) 2,091.80
SALES TAX 15,000.00
FRANCHISE TAX 27,000.00
BUILDING PERMITS 700.00
TAXES - PENALTIES 1,500.00
TAXES - ATTORNEY FEES 500.00
MISCELLANEOUS 100.00
INTEREST INCOME 1,500.00
TOTAL REVENUES $150,889.36
EXPENDITURES
$ 26,800.00
SALARIES
CONTRACTED SERVICES(TAX COLLECTING & SHERIFF DEPT.)
2,142.19
20
PAYROLL TAX (7.65%)
500.00
T.E.C. TAX (1.40%)
795.00
RETIREMENT (4.17%)
INSURANCE (WORKER'S COMP.& PROP.& LIAB.)
10,000.00
3,000.00
PROFESSIONAL FEES
500.00
ATTORNEY FEES
500.00
OFFICE EQUIP. -COMPUTER PROGRAMS
5,000.00
CONTRACT LABOR
5,000.00
REPAIR & MAINTENANCE
42,000.00
MATERIALS & SUPPLIES
600.00
DISPATCHING FEES
10,290.00
AMBULANCE EXPENSE
5,000.00
TELEPHONE & UTILITIES
300.00
PRINTING & ADVERTISING
871.00
CENTRAL APP. DIST. FEES
1,000.00
MISCELLANEOUS
350.00
ELECTION EXPENSE
1,500.00
AUTO EXPENSE - FUEL
$
TOTAL EXPENSES
123► 198.39
DEPOSITS TO I&S (SERIES 78&81 BONDS) 9,882.50
SERIES 78
SERIES 81 15,880.00
BANK CHARGES 3.0
$ 26,14242.50
TOTAL INCLUDING I&S DEP. $ 149,340.89
EXCESS/DEFICIT $ +1,548.47
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TOTALS
$ 26,800.00
7,142.19
2,050.20
500.00
795.00
10,000.00
3,000.00
500.00
500.00
5,000.00
5,000.00
42,000.00
600.00
10,290.00
5,000.00
300.00
871.00
1,000.00
350.00
1.500.00
S $123,198.39
OFFICE POLICE FIRE STREETS
7,800.00
19,000.00
6,000.00
1,142.19
596.70
1,453.50
130.00
110.00
260.00
795.00
1,700.00
1,950.00
3,025.00
3,325.00
2,500.00
500.00
500.00
500.00
1,000.00
4,000.00
500.00
300.00'
200.00
4,000.00
1,000.00
2,000.00
39,000.00
600.00
10,290.00
4,900.00
100.00
300.00
871.00
1,000.00
350.00
200.00 1,300.00
$21,251.00 $12,198.89 $16,115.00 $73,633.50
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MONTHLY UTILITY BILLS
CONNECTION & TAP FEES
MISCELLANEOUS
EXPENDITURES
1992 - 1993
CITY OF PROSPER
WATER & SEWER BUDGET
TOTAL REVENUES
$175,000.00
5,000.00
1,800.00
$181,800.00
$ 325.00
WATER PURCHASES
20,000.00
REPAIRS - EQUIPMENT
42,000.00
SALARIES
FICA TAX EXPENSE (7.65)
3,213.00
1,751.40
RETIREMENT EXPENSE (4.17)
3,500.00
PROFESSIONAL FEES
500.00
OFFICE SUPPLIES
36,300.00
TRASH COLLECTIONS
25,000.00
UTILITIES
15,000.00
WATER WORKS SUPPLIES
1,000.00
POSTAGE
INSURANCE (WORKER'S COMP.& PROP.& LIAB.)
3,500.00
2,000.00
AUTO EXPENSE - FUEL
509.00
UPPER TRINITY FEE
1,500.00
DUES - SCHOOLS
1,000.00
OTHER FEES
1,000.00
MISCELLANEOUS
TOTAL EXPENDITURES
$158,098.40
TRANSFERS TO I&S (SERIES 88 BOND) $ 21,470.00
(BANK CHARGE) 350.00
$ 21,820.00
TOTAL INCLUDING I&S DEP. $.179,918.40
EXCESS/DEFICIT $ + 1.,881.60
1992 - 1993
CITY OF PROSPER
INTEREST & SINKING BUDGET
REVENUES
CURRENT TAXES (SERIES 78&81 BONDS)
DELINQUENT TAXES
PENALTY & INTEREST
TRANSFERS FROM WATER/SEWER (SERIES 88 BOND)
TRANSFERS FROM GENERAL FUND
TOTAL REVENUES
EXPENDITURES
BOND
PAYMENT
(SERIES
78
BOND)
BOND
PAYMENT
(SERIES
81
BOND)
BAND
PAYMENT
(SERIES
88
BOND)
BANK
CHARGES
(SERIES
78
& 81 BONDS)
BANK
CHARGES
(SERIES
88
BOND)
TOTAL EXPENDITURES
$ 24,835.37
1,307.13
600.00
21,820.00
$ 48,562.50
$ 9,882.50
15,880.00
21,470.00
380.00
350.00
$ 47,962.50
EXCESS/DEFICIT $ 600.00