2022-14 - O - Amend Ord. 2021-55 FY 2021-2022 Budget and CIP Amendments 03.29.22TOWN OF PROSPER, TEXAS
ORDINANCE NO. 2022-14
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, AMENDING
ORDINANCE NO. 2021-55 (FY 2021-2022 BUDGET AND CAPITAL
IMPROVEMENT PROGRAM) TO FUND INCREASED EXPENDITURES OF
$2,506,334 IN THE GENERAL FUND BUDGET; TO FUND INCREASED
EXPENDITURES OF $43,731 IN THE WATER AND SEWER FUND BUDGET;
TO FUND INCREASED EXPENDITURES OF $745 IN THE STORMWATER
DRAINAGE FUND BUDGET; TO FUND INCREASED EXPENDITURES OF
$2,013,800 IN THE PARK DEDICATION/IMPROVEMENT FUND BUDGET; TO
FUND INCREASED EXPENDITURES OF $225,000 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
and Capital Improvement Program) 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 and Capital Improvement
Program). Ordinance No. 2021-55 (FY 2021-2022 Budget and Capital Improvement Program) 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are hereby repealed, but such repeal shall not abate any pending prosecution for violation of the
repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any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 29TH DAY OF MARCH 2O22.
TOWN OF PROSPER, TEXAS
110
r�
Ray Smith, May r
ATTEST TO:
Michelle Lewis Sirianni, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
rc
_ ���
Terrence S. Welch, Town Attorney
Ordinance No. 2022-14, Page 2
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 29TH DAY OF MARCH 2O22.
TOWN OF PROSPER, TEXAS
plam",
Ray Smith, May r
ATTEST TO:
Michelle Lewis Sirianni, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
Ordinance No. 2022-14, Page 2
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EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2021-2022
March 29, 2022
General Fund
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Revenues:
Property Tax
19,266,473
19,266,473
19,266,473
-
Sales Tax
8,077,237
8,077,237
8,077,237
-
Franchise Fees
1,997,889
1,997,889
1,997,889
License, Fees & Permits
5,068,480
5,068,480
5,068,480
Charges for Services
583,724
583,724
583,724
Fines & Warrants
325,500
325,500
325,500
Grants
232,914
232,914
232,914
-
Investment Income
70,000
70,000
70,000
-
Transfers In
1,100,514
1,100,514
1,100,514
Miscellaneous
132,850
132,850
132,850
Park Fees
441,500
441.500
441,500
Total $ 37,297.081
5 37,297,081
$ 37,297.081
$
Expenditures:
Administration
7,222,692
8,197,606
8,259,333
61,727
Police Services
6,520,223
6,568,800
6,789,149
220,349
Fire Services
8,738,347
8,916,206
10,801,073
1,884,867
Public Works
3,697,980
4,276,699
4,287,649
10,950
Community Services
6,575,735
6,836,156
7,095,973
259,817
Development Services
4,211,352
4,557,791
4,589,655
31,864
Engineering
4.175 692
4.199,813
4,236 573
36,760
Total $ 41,142,021
$ 43,553,071
$ 46.059,405
$ 2,506,334
Water and Sewer Fund
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Revenues:
Water Charges for Services
15,179,476
15,179,476
15,179,476
Wastewater Charges for Services
8,972,771
8,972,771
8,972,771
Sanitation Charges for Services
1,779,679
1,779,679
1,779,679
-
License,Fees & Permits
332,928
332,928
332,928
-
Water Penalties
1,500
1,500
1,500
-
Utility Billing Penalties
142,000
142,000
142,000
-
Investment Income
40,000
40,000
40,000
Other
4.006,491
4,006,491
4.006,491
Total -$ 30,454,845 $
30,454,845
$ 30,454,845
$
Expenditures:
Administration
3,092,412
3,109,532
3,112,981
3,449
Debt Service
3,712,637
6,331,768
6,331,768
-
Water Purchases
7,701,317
7,701,317
7,701,317
Public Works
15.694.874
15,989,909
16,030,191
40,282
Total $ 30,201,240 $
33,132,526
$ 33,176,257
$ 43,731
EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2021-2022
March 7q 9099
Stormwater Drainage Fee Fund
Original Budget
Current Budget
Amended Budget Increase
(Decrease)
Revenues:
Stormwaier Drainage Fees
758,100
758,100
758,100
Other
3,000
3,000
3,000
Investment Income
2,200
2,200
2,200
Transfer In
-
531.449
531,449
Total -$ 763,300 $
1,294,749
$ 1,294,749 $
Expenditures:
Operating Expenses
251,040
314,530
315,275 745
Debt Service
253,142
784,591
784,591
Capital
763,323
763,232
763,232
Transfers
99,834
99.834
99,834
Total $ 1,367,339 $
13962,187
$ 1,9623932 $ 745
Park Dedication/improvement Fund
Original Budget
Current Budget
Amended Budget
Increase
(Decrease)
Revenues:
Park Dedication Fees
430,000
430,000
430,000
-
Park Improvement Fees
280,500
280,500
280,500
ContributionslGrants
-
200,550
200,550
Park Dedication Interest
6,000
6,000
6,000
-
Park Improvement Interest
5.000
5,000
5,000
-
Total
$ 721,600
$ 922,050
$ 922,050
$
Expenditures:
General - Park Dedication
-
-
1,913,800
1,913,800
General - Park Improvement
666,750
848,702
948,702
100,000
Total
$ 666,750
$ 848,702
$ 2,862.502
$ 2,013,800
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 - Developer Reimbursements
1,295,000
1,295,000
1,295,000
Capitat
1,500 000
1,750.000
1,975.000
225,000
Total $ 2,795,000 $
3,045,000
$ 3,270,000
$ 225,000
Total Revenue $
Total Expenditures $ 4,789,610.00
Net Effect All Funds $ (4,189,610.00)