2021-75 - O - Budget Amendments FY 2021-2022 (Amending Ord. 2021-55) 12.14.21TOWN OF PROSPER, TEXAS
ORDINANCE NO. 2021-75
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, AMENDING
ORDINANCE NO. 2021-55 (FY 2021-2022 BUDGET) TO FUND INCREASED
EXPENDITURES OF $2,210,269.86 IN THE GENERAL FUND BUDGET;
INCREASED EXPENDITURES OF $2,931,285.73 IN THE WATER AND SEWER
FUND BUDGET; INCREASED EXPENDITURES OF $428,581.00 IN THE DEBT
SERVICE FUND BUDGET; INCREASED EXPENDITURES OF $594,939.44 IN
THE STORMWATER DRAINAGE UTILITY FUND BUDGET; INCREASED
EXPENDITURES OF $14,664.00 IN THE COURT TECHNOLOGY FUND
BUDGET; INCREASED EXPENDITURES OF $3,501.25 IN THE ECONOMIC
DEVELOPMENT CORPORATION BUDGET; INCREASED EXPENDITURES OF
$394,393.00 IN THE VEHICLE EQUIPMENT REPLACEMENT FUND (VERF)
BUDGET; INCREASED EXPENDITURES OF $31,952.31 IN THE PARK
IMPROVEMENT FUND BUDGET; INCREASED EXPENDITURES OF
$372,504.50 IN THE EAST THOROUGHFARE IMPACT FEE FUND BUDGET;
AND INCREASED EXPENDITURES OF $24,309.51 IN THE WEST
THOROUGHFARE 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 (FY 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
5avingslRepealing 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are hereby repealed, but such repeal shall not abate any pending prosecution for violation of the
repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any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 14TH DAY OF DECEMBER 2021.
TOWN OF PROSPER TEXAS
Ray Smith, Mayor
ATTEST TO:
l .
�o J -i t � U I.Aa..'o 1111.�1
Michelle Lewis Sirianni, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
Olt.
Terrence S. Weich, Town Attorney
Ordinance No. 2021-75, 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
December 14, 2021
Original Budget Current Budget Amended Budget Increase
(Decrease)
19,266,473.00
19,266,473.00
19,266,473.00
-
8,077,237.00
8,077,237.00
8,077,237.00
1,997,889.00
1,997,889.00
1,997,889.00
-
5,068,480.00
5,068,480.00
5,068,480.00
-
583,724.00
583,724.00
583,724.00
-
325,500.00
325,500.00
325,500.00
-
232,914.00
232,914.00
232,914.00
70,000.00
70,000.00
70,000.00
-
1,100,514.00
1,100,514.00
1,100,514.00
132,850.00
132,850.00
132,850.00
-
441,5W.00
441,500.00
441,500,00
-
Total $ 37,297,081.00 $
37,297,081.00 $
37,297,081.00 $
-
7,222,692.00
7,222,692.00
8,197,605.65
974,913.65
6,520,223.00
6,520,223.00
6,568,800.31
48,577.31
8,738,347.00
8,848,347.00
8,916,206.50
67,859.50
3,697,980.00
3,697,980.00
4,276,698.79
578,718.79
6,575,735.00
6,575,735.00
6,745,376.12
169,641.12
4,211,352.00
4,211,352.00
4,557,790.63
346,438.63
4175 692.00
4175 692.00
4,199,812.86
24,120.86
Total $ 41 14x 021.00 $
41,252 021.00 $
43,462,290.86 S
2,210,269.86
Water and Sewer Fund
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Revenues:
Water Charges for Services
15,179,476.00
15,179,476.00
15,179,476.00
Wastewater Charges for Services
8,972,771.00
8,972,771.00
8,972,771.00
Sanitation Charges for Services
1,779,679.00
1,779,679.00
1,779,679.00
License, Fees & Permits
332,928.00
332,928.00
332,928.00
Water Penalties
1,500.00
1,500.00
1,500.00
Utility Billing Penalties
142,000.00
142,000.00
142,000.00
Investment Income
40,000.00
40,000.00
40,000.00
-
Other
4.006.491.00
4,006 491,00
4,006,491.00
-
Total $ 30,454,845.00 $
30,454,845.00
$ 30,454,845.00
$ -
Expenditures:
Administration
3,092,412.00
3,092,412.00
3,110,412.00
18,000.00
Debt Service
3,712,637.00
3,712,637.00
6,330,888.00
2,618,251.00
Water Purchases
7,701,317.00
7,701,317.00
7,701,317.00
Public Works
15 694 874.00
15,694,874,00
15 989,908.73
295,034.73
Total $ 30,201,240.00 $
30,201,240.00
$ 33,132,525.73
$ 2,931,285.73
Ordinance No. 2021-75, Page 3
EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2021-2022
December 14, 2021
Debt Service Fund
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Revenues:
Property Tax
10,620,466.00
10,620,466.00
10,620,466.00
-
Investment Income
45,000.00
45,000.00
45,000.00
Transfer In
-
-
428,581.00
428.581.00
Total $ 10,665,466.00
$ 10,665,466.00
$ 11,094,047.00
$ 428,581.00
Expenditures:
Principal
5,891,423.00
5,891,423.00
6,320,004.00
428,581.00
Interest
4,741,048.00
4,741,048.00
4,741,048.00
Refunding Cash Contribution
2,000,000.00
2,000,000.00
2,000,000.00
Administrative Fees
20.000.00
20 000.00
20,000SO
Total $ 2,020,000.00
$ 2,020,000.00
$ 2,020,000.00
$ 428,581.00
Stormwater Drainage Utility Fund
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Revenues:
Stormwater Drainage Fees
758,100 00
758,100.00
758,100.00
Other
3,000.00
3,000.00
3,000.00
Investment Income
2,200.00
2,200.00
2,200.00
-
Transfer In
-
-
531,449 00
531.449.00
Total $ 763,300.00
$ 763,300.00
$ 1,294,749.00
S 531.449-00
Expenditures:
Operating Expenses
251,040.00
251,040.00
314,530.44
63,490.44
Debt Service
253,142.00
253,142.00
784,591.00
531,449.00
Capital
763,323.00
763,323.00
763,323.00
-
Transfers Out
99,834.00
99,834.00
99,834.00
Total $ 1,367,339.00
$ 1,367,339.00
$ 1,962,278.44
$ 594,939.44
Court Technology Fund
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Revenues:
Court Technology Revenue
7,000.00
7,000.00
7,000.00
Interest
100.00
100.00
100.00
Total $ 7,100.00
S 7,100.00
$ 7,100.00
$
Expenditures:
Court Technology Expense
-
-
14 664.00
14,664.00
Total S -
$ -
$ 14,664.00
$ 14,664.00
Economic Development Corporation
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Revenues:
Sales Tax
4,205,836.00
4,205,836.00
4,205,836.00
Investment Income
30,000 00
30,000.00
30.000.00
Total
$ 4.235.836.00
$ 4,235,836.00
$ 4,235,836.00
$ -
Expenditures:
Personnel and Benefits
484,852.00
484,852.00
484,852.00
-
Expenditures
3,154,201.00
3,154,201.00
3,157,702.25
3,50125
Total
$ 3,639,053.00
S 3,639,053.00
$ 3,642,554.25
$ 3,501.25
Ordinance No. 2021-75, Page 4
EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2021-2022
December 14, 2021
Vehicle Equipment Replacement Fund (VERF)
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Revenues:
Charges for Services
1,170,198.00
1,170,198.00
1,170,198.00
Other
136,500.00
136,500.00
136,500.00
-
Interest Income
20.000 00
2.0.000.00
20.000.00
Total
5 1,326,698.00
$ 1,326,698.00
$ 1,326,698.00
$ -
Expenditures:
Technology Expenses
255,700.00
255,700.00
255,700.00
-
Equipment Expenses
33,300.00
33,300.00
33,300.00
-
Vehicle Expenses
352,148.00
352.148.00
746.541.00
394393.00
Total
$ 641,148.00
$ 641,148.00
$ 1,035,541.00
$ 394,393.00
Park Improvement Fund
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Revenues:
Park Improvement Fees
280,500.00
280,500.00
280,500.00
-
Investment Income
5,000.00
5,000.00
5,000.00
-
Total $ 285 500.00
$ 285 500.00
$ 285,500.00
$
Expenditures:
General - Park Improvement
666 750.00
666.750.00
698 702.31
31 952.31
Total $ 666,750.00
$ 666,750.00
$ 698,702.31
$ 31,952.31
East Thoroughfare Impact Fee Fund
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Revenues:
Impact Fees
1,200,000.00
1,200,000.00
1,200,000.00
-
Investment Income
9.000.00
9000.00
9.000.00
Total
$ 1,209,000.00 $
1,209,000.00
$ 1,209,000.00
$
Expenditures:
Operations - Developer Reimbursements
175,000.00
175,000.00
175,000.00
-
Capital
2,055,000.00
2,055,000.00
2,427,504.50
372,504.50
Total
$ 2,230,000.00 $
2,230,000.00
$ 2,602,504.50
$ 372,604.60
West Thoroughfare Impact Fee Fund
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Revenues:
Impact Fees
4,000,000.00
4,000,000.00
4,000,000.00
Investment Income
15 000.00
15 000.00
15,000.00
Total
$ 4,015,000.00
$ 4,015,000.00
$ 4,015,000.00
$
Expenditures:
Operations - Developer Reimbursements
5,300,000,00
5.300.000,00
5,324,309.51
24,309,51
Total
$ 5,300,000.00
$ 5,300,000.00
$ 5,324,309.51
$ 24,309.51
Total Revenue
Total Expenditures
Net Effect All Funds
Ordinance No. 2021-75, Page 5
$ 960.030.00
$ 7,006,400.60
$ (6,046,370.60)