2021-57 - O - Budget Amendments FY 2021-2022 Parks, Water Impact & Wasterwater Impact Fee Funds 10.12.21TOWN OF PROSPER, TEXAS
ORDINANCE NO. 2021-57
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, AMENDING
ORDINANCE NO. 2021-55 (FY 2021-2022 BUDGET) TO FUND INCREASED
EXPENDITURES OF $110,000 IN THE GENERAL FUND BUDGET;
INCREASED EXPENDITURES OF $150,000 IN THE PARK IMPROVEMENT
FUND BUDGET; INCREASED EXPENDITURES OF $200,000 IN THE WATER
IMPACT FEE FUND BUDGET; AND INCREASED EXPENDITURES OF
$250,000 IN THE WASTEWATER IMPACT FEE FUND BUDGET; 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. 2021-55 (FY 2021-2022 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 allocated 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. 2021-55 F[ Y 2021-2022 Budget). Ordinance No. 2021-55
(FY 2021-2022 Budget) is hereby amended to allow for increases to 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are hereby repealed, but such repeal shall not abate any pending prosecution for violation of the
repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any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 12TH DAY OF OCTOBER 2021.
1
Ray Smith, Mayor
ATTEST TO:
Michelle Lewis Sirianni, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
Ordinance No. 2021-57, Page 2
General Fund
Revenues:
Property Tax
Sales Tax
Franchise Fees
License, Fees & Permits
Charges for Services
Fines & Warrants
Grants
Investment Income
Transfers In
Miscellaneous
Park Fees
Expenditures:
Administration
Police Services
Fire Services
Public Works
Community Services
Development Services
Engineering
EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2021-2022
October 12, 2021
Original Budget Current Budget Amended Budget Increase
(Decrease)
19, 266,473
19, 266,473
19, 266,473
8,077,237
8,077,237
8,077,237
1,997,889
1,997,889
1,997,889
5,068,480
5,068,480
5,068,480
583,724
583,724
583,724
325,500
325,500
325,500
232,914
232,914
232,914
70,000
70,000
70,000
1,100,514
1,100,514
1,100,514
132,850
132,850
132,850
441,500
441.500
441,500
Total $ 37,297,081 $
37,297,081 $
37,297,081 $
7,222,692
7,222,692
7,222,692
6,520,223
6,520,223
6,520,223 -
8,738,347
8,738,347
8,848,347 110,000
3,697,980
3,697,980
3,697,980
6,575,735
6,575,735
6,575,735 -
4,211,352
4,211,352
4,211,352
4,175,692
4.175.692
4,175,692 -
Total $ 41,142,021 $
41.142.021 $
41,252,021 $ 110,000
Park Improvement Fund Original Budget Current Budget Amended Budget Increase
(Decrease)
Revenues:
Bark Improvement Fees
280,500
280,500
280,500
-
Grant Revenue
-
-
200,550
200,550
Interest
5,000
5,000
5.000
Total $ 285,500 $
285,500 $
486,050 $
200,550
Expenditures:
General - Park Improvement
666,750
666.750
816,750
150,00Q
Total $ 666,750 $
666,750 $
816,750 $
150.000
Water Impact Fee Fund
Revenues:
Impact Fees
Investment Income
Expenditures:
Operawns - Development Agreements
Capital
Original Budget Current Budget Amended Budget Increase
(Decrease)
3,500,000
3,500,000
20,000
20,000
Total -$ 3,520,000 $
3,520,000 $
1,310,000
1,310,000
9,900,000
9,900,000
Total $ 11,210,000 $
11,210,000 $
3,500,000
20,000
3,520,000 $
1,310,000
10.100,000 200.000
11,410,OOD $ 200,000
EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2021-2022
October 12, 2021
Wastewater Impact Fee Fund
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Revenues:
Impact Fees
2,000,000
2,000,000
2,000,000
Equity Fees
300,000
300,000
300,000
Investment Income
16,000
16,000
16,000
-
Total $ 2,316,000 $
2,316,000
$ 2,316,000
$ -
Expenditures:
Operations - Development Agreements
1,295,000
1,295,000
1,545,000
250,000
Capital
1.500,000
1.500,000
1,500,000
-
Total $ 2,795,000 $
2,795,000
$ 3,045,000
$ 250,000
Total Revenue 200,550.00
Total Expenditures $ 710,000.00
Net Effect All Funds $ (509,450.00)