96-24 O - Budget Adoption 1996-97 1) r
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Town of Prosper
P.O. BOX 307
Prosper, Texas 75078
(214)347-2304 METRO (214)346-2640 FAX(214) 347-2111
ORDINANCE NO . 96- 24
AN ORDIANACE MAKING APPROPRIATIONS FOR THE SUPPORT
OF THE TOWN OF PROSPER FOR THE FISCAL YEAR BEGINNING
OCTOBER 1 , 1996 AND ENDING SEPTEMBER 30 , 1997 ; =
APPROPRIATING MONEY TO A SINKING FUND TO PAY INTEREST
l AND PRINCIPAL DUE ON THE TOWN' S INDEBTEDNESS ; AND
ADOPTING THE ANNUAL BUDGET OF THE TOWN OF PROSPER FOR
THE 1996- 1997 FISCAL YEAR.
WHEREAS, THE BUDGET, APPENDED HERE IS EXHIBIT "A" FOR THE FISCAL YEAR
BEGINNING OCTOBER 1 , 1996 AND ENDING SEPTEMBER 30, 1997 WAS DULY PRESENTED.
TO THE C,ITrCOUNCIL B 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 DAILY COURIER
GAZETTE AND SAID PUBLIC HEARING WAS HELD ACCORING TO SAID NOTICE; NOW,
THEREFORE,
BE IT ORDAINED BY THE CITY COUNCIL OF THE TOWN OF PROSPER, TEXAS :
SECTION 1 . THAT THE APPROPRIATIONS FOR THE FISCAL YEAR BEGINNING OCTOBER 1 ,
1996 AND ENDING SEPTEMBER 30, 1997, FOR THE SUPPORT OF THE GENERAL GOVERNMENT
OF THE TOWN OF PROSPER, TEXAS, BE FIXED AND DETERMINED FOR SAID TERMS IN
ACCORDANCE WITH THE EXPENDITURES SHOWN IN THE TOWN'S FISCAL YEAR 1996-1997
-_-) 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 TOWN'S BUDGET FOR THE
FISCAL YEAR BEGINNING OCTOBER 1 , 1996. AND ENDING SEPTEMBER 30, 1997.
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 THE RETIREMENT OF THE BONDED DEBT OF SAID TOWN.
PA SIE1 AN,D APPROVED THIS , THE 10th DAY OF SEPTEMBER, 1996 .
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11i 1 APPRO
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`% :\�\W: ,':,1' I' i. ;i? ST O . COFFM MAYOR
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sSH _RL.E•Y CK , TY SECRETARY I
1996-1997
CITY OF PROSPER
GENERAL FUND BUDGET
REVENUES
CURRENT TAXES $115,386.00
CURRENT DELIQUENT TAXES $ 3,900.00
DELIQUENT TAXES (95 &PRIOR) $ 4,850.00
SALES TAX $ 51,000.00
FRANCHISE TAX $ 50,000.00
BUILDING PERMITS $ 3,500.00
TAXES -PENALTIES $ 1,000.00
MISCELLANEOUS $ 7,500.00
INTEREST INCOME $ 1,000.00
TOTAL REVENUES $238,136.00
EXPENDITURES
SALARIES (NARCISO & TONY) $ 45,660.00
CONTRACTED SERVICES (TAX COLLECTION& S.P.C.A $ 9,178.04
PAYROLL TAX(7.65%) $ 2,936.07
T.E.C. TAX(01.6%) $ 1,449.28
RETIREMENT (5.27%) $ 2,002.63
INSURANCE $ 15,000.00
PROFESSIONAL FEES (ENGINEER&AUDITOR) $ 9,650.00
ATTORNEY FEES $ 10,000.00
OFFICE EQUIP. & COMPUTER PROGRAMS $ 2,500.00
CONTRACT LABOR $ 8,000.00
REPAIRS &MAINTENENCE $ 4,000.00
MATERIALS & SUPPLIES $ 51,500.00
DISPATCH FEES (CITY OF FRISCO) $ 600.00
AMBULANCE EXPENSE (FRISCO FIRE DEPT) $ 15,585.00
TELEPHONE &UTILITIES $ 6,700.00
PRINTING& ADVERTISING $ 2,000.00
CENTRAL APPRAISAL DISTRICT $ 962.00
ELECTION EXPENSE $ 500.00
AUTO EXPENSE&FUEL $ 3,350.00
MISCELLANEOUS $ 4,300.00
FIRE TRUCK PAYMENT $ 42,200.00
TOTAL EXPENSE $238,093.00
EXCESS /DEFICIT $ 43.00
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TOTALS OFFICE POLICE FIRE STREETS
SALARIES _ 45600 45660
CONT. SERV. 9178.04 j 9178.04 PAYROLL TAX 2936.07 2936.07
T.E.C. TAX 1449.28 850 599.28
RETIREMENT 2022.63 3 2022.63
INSURANCE 15000 i 6700 1950 j 3025 3325
PROF. FEES 9650 2500 1650 5500
ATT. FEES 10000 j 10000
OFFICE EQUIPMENT 2500 j 2500
COMP. PROG.
CONT. LABOR 8000 2000 6000
REP. &MAINT. 4000 700 700 2600
MAT. &SUPPLIES 51500 1000 3500 47000
DISP. FEES 600 600
AMBULANCE 15585 15585
TEL. & UTILITIES 6700 6200 500
PRINT. &ADVERTISING 2000 j 2000
CENT. APP. 962 962
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MISC. EXPENSE 4300 j 900 2400 1000
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ELEC. EXPENSE 500 500
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AUTO &FUEL 3350 1 850 2500
FIRE TRUCK 42500 42500
TOTALS 238093.02 45990.04 1950 71010 119142.98
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1996-1997
CITY OF PROSPER
WATER&SEWER BUDGET
REVENUES
MONTHLY UTILITY BILLS $300,000.00
CONNECTION& TAP FEES $ 10,000.00
MISCELLANEOUS $ 4,000.00
TOTAL REVENUES $314,000.00
EXPENDITURES
WATER PURCHASES $ 301.56
REPAIRS -EQUIPMENT $ 35,000.00
SALARIES (ROBERT& SHIRLEY) $ 52,200.00
PAYROLL TAX(7.65%) $ 3,993.00
RETIREMENT (5.27%) $ 2,750.94
PROFESSIONAL FEES $ 15,000.00
OFFICE SUPPLIES $ 500.00
TRASH COLLECTIONS $ 42,000.00
UTILITIES & TELEPHONE $ 34,000.00
WATER WORKS SUPPLIES $ 23,000.00
POSTAGE(WATER BILLS) $ 1,800.00
INSURANCE $ 5,000.00
AUTO EXP. &FUEL $ 500.00
UPPER TRINITY FEES $ 420.00
DUES &FEES $ 2,100.00
OTHER FEES $ 4,000.00
MISCELLANEOUS $ 22,500.00
TOTAL EXPENDITURES $ 245,065.80
SERIES 88 BOND PAYMENT. $ 23,317.00
BANK CHARGES $ 350.00
SERIEES 96 BOND PAYMENT $ 45,000.00
BANK CHARGES $ 175.00
TOTAL BOND PAYMENTS $ 68,842.00
TOTAL EXPENDITURES INCLUDING BOND PAYMENTS $ 313,907.80
EXCESS DEFICIT $ 92.20
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1996-1997
CITY OF PROSPER
INTEREST &SINKING BUDGET
REVENUES
CURRENT TAXES $ 39,133.50
DELINQUENT TAXES $ 1,000.00
PENALTY&INTEREST $ 200.00
BANK INTEREST $ 250.00
TOTAL REVENUES $ 40,583.50
EXPENDITURES
BOND PAYMENT - SERIES 78 $ 9,240.00
BOND PAYMENT - SERIES 81 $ 18,080.00
BANK CHARGES - SERIES 78 & 81 $ 490.00.
BOND PAYMENT - SERIES 96 $ 11,813.50
BANK CHARGES - SERIES 96 $ 175.00
TOTAL EXPENDITURES $ 39,798.50
EXCESS /DEFICIT $ 785.00
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AFTER RECORDING, RETURN TO: -
CITY OF PROSPER
P.O. BOX 307
PROSPER, TEXAS 75078 •
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ANY PROVISION HEREIN WHICH RESTRICTS THE SALE,RENTAL,OR USE OF THE
DESCRIBED REAL PROPERTY BECAUSE DE COLOR OR RACE IS INVAUO AND
UNENFORCEABLE UNDER FEDERAL LAW
(THE STATE OF TEXAS) (COUNTY OF COLLIN)
I hereby certify that this Instrument was FILED In the File Rumher Sequence
on the date and the time stamped human by me;and was duty RECORDED,
on the Offcial Public Records of Real Property of Collin County.Tunas on
N O V 0 If 1996
cit.ewrt0 ith-44-40.° 4,"
f FtM,NM Mitt Tao awn
Filed for Record in:
COLLIN COUNTY TX
HONORABLE HELEN STARNES
On 1996/11/04
At 10:41A
Number: 96- 0094831
Type : OR 19.00
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