2020-57 - OTOWN OF PROSPER, TEXAS
ORDINANCE NO.2020-57
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, AMENDING
ORDINANCE NO. 19-65 (FY 2019-2020 BUDGET) TO FUND INCREASED
EXPENDITURES OF $350,000 IN THE EAST THOROUGHFARE IMPACT FEE
FUND; AND INCREASED EXPENDITURES OF $1,075,232 IN THE WATER
AND SEWER FUND; PROVIDING FOR REPEALING, SAVINGS AND
SEVERABILITY CLAUSES; AND PROVIDING FOR AN EFFECTIVE DATE OF
THIS ORDINANCE.
WHEREAS, the Town Council of the Town of Prosper, Texas ("Town Council"), has
investigated and determined that it will be beneficial and advantageous to the residents of the
Town of Prosper, Texas ("Prosper"), to amend Ordinance No. 19-65 (FY 2019-2020 Budget) for
the purposes listed in Exhibit "A," attached hereto and incorporated herein by reference; and
WHEREAS, the changes will result in budgeted funds being reallocated among different
funds and departments and an overall net increase in the budget for funding from fund balance.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, THAT:
SECTION 1
Findings Incorporated. The findings set forth above are incorporated into the body of this
Ordinance as if fully set forth herein.
SECTION 2
Amendment to Ordinance No. 19-65 (FY 2019-2020 Budget). Ordinance No. 19-65 (FY
2019-2020 Budget) is hereby amended to allow for reallocation of appropriations as shown in
Exhibit 'A" attached hereto and incorporated herein by reference.
SECTION 3
Savings/Repealing Clause. All provisions of any ordinance in conflict with this Ordinance
are hereby repealed, but such repeal shall not abate any pending prosecution for violation of the
repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any
violation if occurring prior to the repeal of the Ordinance. Any remaining portions of conflicting
ordinances shall remain in full force and effect.
SECTION 4
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 force
and effect. Prosper hereby declares that it would have passed this Ordinance, and each section,
subsection, sentence, clause, or phrase thereof irrespective of the fact that any one or more
sections, subsections, sentences, clauses, or phrases be declared unconstitutional or invalid.
SECTION 5
Effective Date. This Ordinance shall become effective immediately upon its passage.
DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, ON THIS 28TH DAY OF JULY, 2020.
TOWN OF PROSPER, TEXAS
f) <� �-
Ray Smith Mayor
ATTEST TO:
Melissa Lee, Tow Secretary
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
Ordinance No. 2020-57, Page 2
East Thoroughfare Impact Fee Fund
Total Revenues:
Expenditures:
Developer Agreements
Capital
Transfers
EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2019-2020
July 28, 2020
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
1,157,438
1,157,438
1,157.438
Total $ 1,157,438
$ 1,157,438
$ 1,157,438 $
300,000
300,000
300,000
654,168
1,291,024
1,641,024
350,000
-
69,168
69,168
-
Total $ 954,168
$ 1,660,192
$ 2,010,192 $
350,000
Water and Sewer Fund
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Total Revenues:
24.953,626
24.953,626
26.046,108
1,092,482
Total $ 24,953,626
$ 24,953,626
$ 26,046,108
$ 1,092,482
Expenditures:
Administration
2,396,949
2,380,374
2,380,374
-
Debt Service
3,930,237
3,930,237
3,930,237
Water Purchases
5,690,642
5,590,642
5,590,642
Public Works
12,938,373
13,103,494
14,178,726
1,075,232
Total $ 24,956,201
$ 25,004,747
$ 26,079,979
$ 1,075,232
Total Revenue
Total Expenditures
Net Effect All Funds
$ 1,092,482
$ 1,425,232
$ (332,750)
Ordinance No. 2020-57 Page 3