97-15 O - Budget Adoption 1997-98 . ... Dlip.1NAN_CE.NO. 9 7— 1 5
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AN ORDINANCE:MA.KiNG:APPROP-RIATIONS Fait THE SUPPORT-OF
THE CITY OF PROSPER FOR THE FISCAL YE:AR:ISE-GINNING ObTOBER
1, 1997 AND'ENDING SEPTEMBER 30, 1998; APPROPRIATING MONEY
TO A SINKING FUND TO PAY INTEREST AND PRINCIPAL DUE ONE.
THE CITY'S INDEBTNESS; AND ADOPTING THE ANNUAL BUDGET OF;
tHE CITY OF PROSPER FOR THE 1997-98 FISCAL YEAR. .
WHEREAS,the budget, appended here as-Exhibit A, for the fiscal year beginning
October 1, 1997 and ending September 30, 1998,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 mcKTNNEy pApKR and said public hearing was held according to •
said notice;now,therefore,
BE if ORDAINED BY THE CITY COUNCIL OF.THE CITY OF PROSPER:
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SECTION 1. That the appropriations for the fiscal year beginnin4 October 1, 1997, and
ending September 30, 1998, for the support of the general government-of the,City of
Prosper, Texas,be fixed and determined for said terms-in accordance with the
expenditures shown in the City's fiscal year 1997-98 budget, a copy of which is appended
hereto 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
October 1, 1997 and ending September 30, 1998.
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SECTION 3. ;That-there is hereby appropriated the amount shown in said budget
necessary to provide for a sinking fund for the payment of the principal and interest and
retirement of the bonded debt of said City.
PASSED AND APPROVED this,the 9th day of SEPTEMBER , 1997.
APPROVED:
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ATTEST:
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Printer's Fee $ 7,6 /11,1 No
Ea fate ofne-te-:&/ XIZL
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PUBLISHER'S AFFIDAVIT
THE STATE or TEXAS
COUNTY Or COLLINo
On this day personall=are before the undersigned authority
,1)
one of the publisher'S‘THE DAILY COURIER-GAZE I 1E published at
McKinney,Texas,who on bath says that the notice hereto annexed was
published in said newspaper.
on the cR6.-121 day of. actre.,--t- 19
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on the _ .day of 19
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Sworn-arld•subsofibed I5efore me thisc7 .1L day of2c7 -a-19.2Z
-2_ -
Aex-,u4_ Y)Ateti_e_eLeci .
Notary Public, Coffin County,Texas
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1997-1998
CITY OF PROSPER
GENEAL FUND BUDGET
REVENUES
CURRENT TAXES (49,532,370 * 35.5 = $175,840 - 94,715 (I&S) $ 81,125.00
CURRENT DELINQUENT TAXES $ 5,000.00
DELINQUENT TAXES (96 &PRIOR) $ 1,000.00
SALES TAX $ 58,000.00
FRANCHISE TAX $ 62,000.00
BUILDING PERMITS $ 7,500.00
TAXES-PENALTIES $ 1,900.00
MISCELLANEOUS $ 1,500.00
INTEREST INCOME $ 3,000.00
FIRE DEPT. DONATIONS $ 6,000.00
FUND BALANCE ' • $ 12,735.00
TOTAL REVEUNES $ 239,760.00
EXPENDITURES
SALARIES (NARCISO &`JENNIFER) • $ 38,700.00
CONTRACTED SERVICES (TAXES & SPCA) $ 7,500.00
PAYROLL TAX(7.65%) ; $ 2,960.50
T.E.C. TAX(01.6%) . ' $ 619.00
RETIREMENT (4.76%) $ 1,842.00
INSURANCE $ 13,000.00
PROFESSIONAL FEES (ENGINEER&AUDITOR) $ 16,000.00
ATTORNEY FEES • $ 5,000.00
OFFICE EQUIPMENT & COMP. PROG. $ 1,000.00
CONTRACT LABOR $ 15,000.00
REPAIRS &MAINTENENCE • $ 4,500.00
MATERIALS & SUPPLIES $ 47,970.00
DISPATCH FEES $ 1,200.00
AMBULANCE FEES (FRISCO FIRE DEPT) $ 15,585.00
TELEPHONE&UTILITIES $ 10,000.00
PRINTING& ADVERTISING $ 2,300.00
CENTRAL APPRAISAL DISTRICT FEES $ 1,500.00
ELECTION EXPENSE $ 500.00
AUTO EXPENSE&FUEL (INCLUDES FIRE TRUCK PYMT.) $ 45,000.00
MISCELLANEOUS $ 9,583.20
TOTAL EXPENSES $ 239,759.70
EXCESS/DEFECIT .30
TOTALS OFFICE POLICE FIRE STREETS
SALARIES 38,700.00 18,000.00 20,700.00
CONT. SERV. 7,500.00 7,500.00
PAYROLL TAX 2,960.50 1,377.00 1,583.50
T.E.C. TAX 619.00 288.00 331.00
RETIREMENT 1,842.00 856.80 985.20
INSURANCE 13,000.00 5,850.00 1,690.00 2,600.00 2,860.00
PROF. FEES 16,000.00 3,000.00 1,650.00 11,350.00
ATTORNEY FEES 5,000.00 5,000.00
OFF. EQUIP. 1,000.00 1,000.00
CONT. LABOR 15,000.00 2,750.00 12,250.00
REP. &MAINT. 4,500.00 700.00 1,000.00 2,800.00
MAT. & SUPPL 47,970.00 1,000.00 18,585.00 28,385.00
DISP. FEES 1,200.00 1,200.00
AMBULANCE 15,585.00 15,585.00
TEL&UTILITY 10,000.00 8,910.00 1,090.00
PRINT &AD 2,300.00 2,300.00
CENTRAL APP. 1,500.00 1,500.00
MISC. EXPENSE 9,583.20 1,000.00 7,583.20 1,000.00
ELECTION EXP. 500.00 500.00
AUTO&FUEL 45,000.00 41,500.00 3,500.00
TOTALS 239,759.70 61,531.80 1,690.00 90,793.20 85,744.70
1997-1998
CITY OF PROSPER
WATER&SEWER BUDGET
REVENUES
MONTHLY UTILITY BILLS $ 334,000.00
CONNECTION& TAP FEES $ 243,450.00
MISCELLANEOUS $ 2,000.00
TOTAL REVENUES $ 579,450.00
EXPENDITURES
WATER PURCHASES $ 301.56
REPAIRS-EQUIPMENT $ 260,000.00
SALARIES (ROBERT, SHIRLEY&HICKEY) $ 74,200.00
PAYROLL TAX (7.65%) $ 5,676.30
RETIREMENT (4.76%) $ 3,531.92
PROFESSIONAL FEES $ 25,000.00
OFFICE SUPPLIES $ 1,000.00
TRASH COLLECTIONS $ 70,560.00
UTILITIES &TELEPHONE $ 34,000.00
WATER WORKS SUPPLIES $ 35,000.00
POSTAGE(WATER BILLS) $ 1,800.00
INSURANCE $ 5,000.00
AUTO EXP. &FUEL $ 500.00
UPPER TRINITY FEES $ 420.00
DUES &FEES $ 5,000.00
OTHER FEES (K-LAB) $ 2,856.00
MISCELLANEOUS $ 19,280.00
TOTAL EXPENDITURES $ 544,125.78
SERIES 88 BOND PAYMENT $ 22,230.00
BANK CHARGES $ 350.00
SERIES 96 BOND PAYMENT $ 12,185.00
BANK CHARGES $ 550.00
TOTAL BOND PAYMENTS $ 35,315.00
TOTAL EXPENDITURES INCLUDING BOND PAYMENTS $ 579,440.78
EXCESS DEFECIT $ 9.22
1997-1998
CITY OF PROSPER
INTEREST& SINKING BUDGET
REVENUES
CURRENT TAXES $ 94,715.00
DELINQUENT TAXES $ 1,000.00
PENALTY&INTEREST $ 200.00
BANK INTEREST $ 300.00
TOTAL REVENUES $ 96,215.00
EXPENDITURES
BOND PAYMENT - SERIES 78 $ 8,800.00
BOND PAYMENT- SERIES 81 $ 17,100.00
BANK CHARGES - SERIES 78 & 81 $ 1,000.00
BOND PAYMENT - SERIES 96 $ 67,735.00
BANK CHARGES - SERIES 96 $ 550.00
TOTAL EXPENDITURES $ 95185.00
EXCESS/DEFECIT $ 1,030.00