19-65 - OTOWN OF PROSPER, TEXAS
ORDINANCE NO. 19-65
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS,
ADOPTING THE FISCAL YEAR 2019-2020 ANNUAL BUDGET FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 2019, AND ENDING SEPTEMBER 30, 2020; FOR
THE TOWN OF PROSPER, TEXAS; PROVIDING A SEVERABILITY CLAUSE;
PROVIDING FOR A REPEALER CLAUSE; AND PROVIDING FOR AN EFFECTIVE
DATE.
WHEREAS, the Annual Budget for the Town of Prosper, Texas, was prepared by the Town
Manager and presented to the Town Council on August 13, 2019, in accordance with the Town
Charter of the Town of Prosper, Texas; and
WHEREAS, the proposed annual budget document was posted on the Town's Internet
website and also made available for public review; and
WHEREAS, a Notice of a Public Hearing concerning the proposed Annual Town Budget was
published as required by state law and said Public Hearing thereon were held by the Town Council
on August 27, 2019, and September 5, 2019; and
WHEREAS, following the Public Hearing, and upon careful review of the proposed Fiscal
Year 2019-2020 Annual Budget, it is deemed to be in the best financial interests of the citizens of the
Town of Prosper, Texas, that the Town Council approve said budget as presented by the Town
Manager.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
The above findings are hereby found to be true and correct and are incorporated herein in
their entirety.
SECTION 2
The official budget for the Town of Prosper, Texas, for the fiscal year beginning October 1,
2019, and ending September 30, 2020, 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
The sums specified in Exhibit A 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.
SECTION 4
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 5
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 6
In accordance with state law and the Town's Code of Ordinances, proper Notice of Public
Hearing was 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 7
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.
DULY PAS
" D/,jPPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TF� ,� } bF TO 0 ON THIS THE 10TH DAY OF SEPTEMBER, 2019.
S' 4
APPROVED:
_F,,, = �_
Ray Smi h, Mayor
-_- - : vk-� -
Robyn Ba e, Town Secretary
APPROVED ASL
TOFOR
M
AND LEGALITY:
Terrence S. Welch, Town Attorney
Ordinance No. 19-65, Page 2
EXHIBIT "A"
PROPOSED BUDGET 2019-2020
AMENDED BUDGET
AS ORIGINALLY
2018-2019
TRANSMITTED
CHANGES FINAL PROPOSED
GENERAL FUND
Administration
$
7,253,305
$ 5,492,763
$ (50,000) $
5,442,763
Police Services
4,793,966
5,496,662
-
5,496,662
Fire Services
7,917,834
7,175,800
(791,689)
6,384,111
Public Works
4,621,430
2,963,896
-
2,963,896
Community Services
4,266,002
4,718,211
(87,073)
4,631,138
Development Services
3,098,212
3,211,835
3,211,835
Engineering
1,525,759
1,734,793
1,734,793
General Fund Total
$
33,476,508
$ 30,793,960
$ (928,762) $
29,865,198
WATER/SEWER FUND
Administration
$
2,264,795
$ 2,396,949
$ $
2,396,949
Debt Service
3,493,726
3,930,237
3,930,237
Water Purchases
5,324,510
5,690,642
5,690,642
Public Works
9,670,855
12,938,373
12,938,373
Water/Sewer Total
$
20,753,886
$ 24,956,201
$ $
24,956,201
DEBT SERVICE (I&S)
$
6,198,439
$ 7,022,740
$ $
7,022,740
TIRZ#1
1,718,313
1,766,715
-
1,766,715
TIRZ#2
346,161
342,549
342,549
CRIME CONTROL AND PREVENTION SPECIAL PURPOSE DISTRICT
1,232,504
1,308,204
-
1,308,204
FIRE CONTROL, PREVENTION, AND EMERGENCY MEDICAL SERVICES SPECIAL PURPOSE DISTRICT
1,232,504
1,308,204
-
1,308,204
PARKS IMPROVEMENT AND DEDICATION FEES
665,490
650,000
15,955
665,955
IMPACT FEES
15,515,928
6.001,303
-
6,001,303
SPECIAL REVENUE
85,310
1,454,577
55,000
1,509,577
STORM DRAINAGE
256,800
642,309
-
642,309
VERF
1,635,870
896,167
896,167
HEALTH INSURANCE TRUST
2,716,921
3,111,941
3,111,941
Other Funds Total
$
31,604,240
$ 24,504,709
$ 70,955 $
24,575,664
GRANDTOTAL
$ 85,834,634 $ 80,254,870 $ (857,807) $ 79,397.063
Unspent project funds for Capital Projects, Park Improvement and Dedication Fees, and ImpactFees
as of September 30,1019, will automatically be reapportioned to their respective projects for FY 2019-2020.
Funds encumbered for the VERF will also be re -apportioned for FY 2019-2020.
Ordi- No. 1948. Page 3