16-55 - O TOWN OF PROSPER, TEXAS ORDINANCE NO. 16-55
AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER,
TEXAS, ADOPTING THE FISCAL YEAR 2016-2017 ANNUAL BUDGET FOR
THE FISCAL YEAR BEGINNING OCTOBER 1, 2016, AND ENDING
SEPTEMBER 30, 2017; 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 09, 2016, 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 23, 2016, and September 13, 2016; and
WHEREAS, following the Public Hearings, and upon careful review of the proposed
Fiscal Year 2016-2017 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, 2016, and ending September 30, 2017, 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.
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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 1 ON THIS THE 19TH DAY OF SEPTEMBER,
2016.
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•► O F' '�. APPROVED:
Ray Sm li , Mayor
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Robyn Bal , Town Secretary
APPROVED AS TO FORM AND LEGALITY:
I LI L
Terrence S. Welch, Town Attorney
Ordinance No.16-55,Page 2
EXHIBIT"A"
PROPOSED BUDGET 2016-2017
AMENDED
BUDGET AS ORIGINALLY
2015-2016 TRANSMITTED CHANGES FINAL PROPOSED
GENERAL FUND Administration 3,349,544 3,718,377 (5,656) 3,712,721
Police Services 3,131,858 3,836,484 - 3,836,484
Fire Services 3,947,550 4,733,929 - 4,733,929
Public Works 2,142,874 2,205,908 1,265,000 3,470,908
Community Services 2,134,186 2,728,045 - 2,728,045
Development Services 2,166,279 2,218,078 - 2,218,078
Engineering 792,324 829,967 - 829,967
General Fund Total $ 17,664,615 $ 20,270,788 $ 1,259,344 $ 21,530,132
WATER/SEWER FUND
Administration 5,599,126 5,903,974 (23,397) 5,880,577
Public Works 6,462,316 8,348,574 (444,000) 7,904,574
Water/Sewer Total $ 12,061,442 $ 14,252,548 $ (467,397) $ 12,065,437
DEBT SERVICE(I&S) 3,777,788 4,182,809 w 4,182,809
PARKS IMPROVEMENTAND DEDICATION FEES 1,590,000 90,000 - 90,000
IMPACT FEES 16,568,103 6,892,367 980,775 7,873,142
INTERNAL SERVICE 40,000 40,000 - 40,000
SPECIAL REVENUE 100,000 95,179 - 95,179
STORM DRAINAGE 350,780 362,804 2,408 365,212
VERF 1,045,606 242,110 (7,200) 234,910
Other Funds Total $ 23,472,277 $ 11,905,269 $ 975,983 $ 12,881,252
GRANDTOTAL $ 53,198,334 $ 46,428,605 $ 1,767,930 $ 46,476,821
Unspent project funds for Capital Projects,Park Improvement and Dedication Fees,Impact Fees,and Special Revenues
as of September 30,2016,will automatically be re-apportioned to their respective projects for FY 1016-2017.
Funds encumbered for the VERF will also be re-apportioned for FY2016-2017.
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Ordinance No.16-55,Page 3