15-77 - O TOWN OF PROSPER, TEXAS ORDINANCE NO. 15-77
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, AMENDING
ORDINANCE NO. 14-67 (FY 2014-2015 BUDGET) AND ALLOCATING FUNDS
TO FUND INCREASED REVENUES OF $13,097 AND INCREASED
EXPENDITURES OF $785,577 IN THE GENERAL FUND BUDGET;
INCREASED REVENUES OF $91,500 AND INCREASED EXPENDITURES OF
$91,500 IN THE WATER-SEWER FUND BUDGET; INCREASED
EXPENDITURES OF $3,667 IN THE DEBT SERVICE FUND BUDGET;
INCREASED TRANSERS IN OF $506,600 INCREASED REVENUES OF
$8,714, INCREASED EXPENDITURES OF $18,759, AND INCREASED
TRANSFERS OUT OF $506,600 IN THE SPECIAL REVENUE FUNDS
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. 14-67 (FY 2014-2015 Budget) for
the purposes listed in Exhibit "A," attached hereto and incorporated 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 a transfer to the
VERF Fund of $772,480, Debt service fund expenditures of $3,667, and fire department
donations received in the amount of$10,045.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
PROSPER, TEXAS. THAT:
SECTION 1
Finding s Incur orated. 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. 14-07 FY 2014-2015Bud et . Ordinance No. 14-67 (FY
2014-2015 Budget) is hereby amended to allow for increases to revenues and appropriations as
shown in Exhibit "A," attached hereto and incorporated 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Ordinance are hereby repealed, but such repeal shall not abate any pending prosecution for
violation of the repealed Ordinance, nor shall the repeal prevent prosecution from being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 8TH DAY OF DECEMBER, 2015.
TOWN OF PROSPER, TEXAS
P-4'V�C�-A
Ray Smithj Mayor
ATT T
Rolaynat , Town Secreta'
ry
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
Ordinance No.15-77,Page 2
EXHIBIT"A"
BUDGET AMENDMENT
FISCAL YEAR 2014-2015
December 8,2015
General Fund Original Current Amended Increase
Budget Budget Budget (Decrease)
Revenues:
Insurance Claims Reimbursements $ $ $ 13„097 $ 13,097
Total $ $ $ 13,097_$ 13 097
Expenditures:
Transfer Salaries and Benefits
From Inspections $ 748,953 $ 731,888 $ 704,688 $ (27,200)
To Parks 886,580 877,063 904,263 27,200
Parks Damage Claim Expense 11,400 24,497 13„097
Transfer to VERF Fund 800,000 772,480 772,480
Total $ 2,435,533 $ 1,620,351 $ 2,405,925 $ 785 577
Water-Sewer Fund Original Current Amended Increase
Budget Budget Budget (Decrease)
Revenues:
Sanitation-Trash Collection $ 900„000 $ 900,000 $ 991,500 $ 91,500
Total $ 900,000 $ 900-000 $ 991 500 $ 91,500.
Expenditurest
Trash Collection $ 820,000 $ 820„000 $ 911„500 $ 91,$00
Total $ 820 000 $ 820,000 $ 911 500 $ 91,500
Debt Service Fund Original Current Amended Increase
Budget Budget Budget (Decrease)
Expenditures:
2014 GO Bond Payment $ 370„199 $ 370,199 $ 373,$66 $ 3,667
Total $ 370,199 $ 370,1199 $ 373,866 $ 3,667
CIP Fund Original Current Amended Increase
Budget Budget Budget (Decrease)
Revenues:
Transfer in-Escrow $ $ $ 506,600 $ 506,600
Total $ - $ $ 506,600 $ 506,600
Special Revenue Fund Original Current Amended Increase
Budget Budget Budget (Decrease)
Revenues,,
LEOSE Revenue $ $ - $ 1,543 $ 1,543
Library Grant - 7„171 7,171
Total $ - $ $ 8 714 $ 8,714 j
Expenditures:
Fire Donantion Expense(Note A) $ $ $ 10,045 $ 10,045
LEOSE Expense 1,543 1,543
Library Grant - 7,171 7,171
Transfer Escrow Income to CIP Fund - 506,600 506,600
Total $ - '$ - $ 525,359 $ 525,359
Total Revenue $ 619,911
Total Expenditures 1,406,103
Net Effect All Funds $ (786,192)
Note A
The Fire Department collected$14,763 in donations during the fiscal year and spent$10,045.