15-58 - OTOWN OF PROSPER, TEXAS
ORDINANCE NO. 15-58
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, ADOPTING THE FISCAL YEAR 2015-2016 ANNUAL BUDGET FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2015, AND ENDING SEPTEMBER 30,
2016; 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 11, 2015, 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 Public Hearings concerning the proposed Annual Town Budget was
published as required by state law and said Public Hearings thereon were held by the Town Council
on August 25, 2015, and September 8, 2015; and
WHEREAS, following the Public Hearings, and upon careful review of the proposed Fiscal
Year 2015-2016 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,
2015, and ending September 30, 2016, 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
Hearings 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 PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS, BY A VOTE OF _,5 TO 01 -ON THIS THE 22ND DAY OF SEPTEMBER,
2015.
APPROVED,
Ray Smit, Mayor
AT�
Role n Battl , own Secretary
APPROVED AS TO FORM ND LEGALITY:
•Z
Terrence S. Welch, Town Attorn
Ordinance No. 15-58, Page 2
EXHIBIT "A"
PROPOSED BUDGET 2015-2016
GRAND TOTAL
$ 65,214,143 $ 83,788,125 $ 10,457,951 $ 94,246,076 -
Unspent project funds for Capital Projects, Park Improvement and Dedication Fees, Impact Fees, and Special Revenues,
as of September 30, 2015, will automatically be re -apportioned to their respective projects for FY2015-2016.
Funds encumbered for the VERF will also be re -apportioned for FY2015-2016.
* In the General Fund, Finance was re -allocated from Administration to its own division and Non -Departmental was
re -allocated to Administration.
Ordinance No. 15.58, Page 3
AMENDED
BUDGET
AS ORIGINALLY
2014-2015
TRANSMITTED
CHANGES
FINAL PROPOSED
GENERAL FUND
Administration
2,821,306
1,516,176
756,248
2,272,424
Finance
1,005,615
1,037,115
-
1,037,115
Police Services
2,683,492
3,145,019
(6,319)
3,138,700
Fire Services
3,595,219
4,032,262
(61,872)
3,970,390
Public Works
448,935
2,013,514
1,470
2,014,984
Community Services
1,818,707
2,083,058
19,803
2,102,861
Development Services
1,936,688
2,131,386
1,471
2,132,857
Engineering
703,938
791,593
1,371
792,964
Non -Departmental
1,705,119
792,344
(792,344)
- "
General Fund Total
$ 16,719,019
$ 17,542,467
$ (80,172)
$ 17,462.,2.95
WATER/SEWER FUND
Finance
1,033,566
1,357,931
(9,179)
1,348,752
Public Works
5,478,348
6,464,081
1,470
6,465,551
Non -Departmental
3,912,765
4,251,134
-
4,,251,134
Water/Sewer Total
$ 10,424,679
$ 12,073,146
$ (7,709)
$ 12,065,437
DEBT SERVICE (I&S)
2,870,065
3,405,040
3,405,040
GENERAL CAPITAL PROJECTS
28,407,055
22,621,000
16,214,225
38,835,225
UTILITY CAPITAL PROJECTS
2,382,500
10,505,000
(7,323,300)
3,181,700
PARKS IMPROVEMENT AND DEDICATION FEES
214,000
965,000
625,000
1,590,000
I M PACT FEES
2,968,487
15,152,086
1,052,907
16,204,993
INTERNAL SERVICE
30,000
40,000
40,000
SPECIAL REVENUE
95,133
100,000
100,000
STORM DRAINAGE
306,195
315,780
315,780
VERF
797„010
1,068,606
(23,000)
1,045,606
Other Funds Total
�$ 38,070„445
$ 54,172,512
$ 10,545,832
$ 64,718,344
GRAND TOTAL
$ 65,214,143 $ 83,788,125 $ 10,457,951 $ 94,246,076 -
Unspent project funds for Capital Projects, Park Improvement and Dedication Fees, Impact Fees, and Special Revenues,
as of September 30, 2015, will automatically be re -apportioned to their respective projects for FY2015-2016.
Funds encumbered for the VERF will also be re -apportioned for FY2015-2016.
* In the General Fund, Finance was re -allocated from Administration to its own division and Non -Departmental was
re -allocated to Administration.
Ordinance No. 15.58, Page 3