17-04 O - Amending FY 2016-2017 Budget and Capital Improvement Plan, Increase Special Revenue Fund Budget TOWN OF PROSPER, TEXAS ORDINANCE NO. 17-04
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS, AMENDING
ORDINANCE NO. 16-55 (FY 2016-2017 BUDGET) AND ALLOCATING FUNDS
TO FUND INCREASED EXPENDITURE OF $1,334,590 IN THE SPECIAL
REVENUE 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. 16-55 (FY 2016-2017 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 reallocated within the
General Fund 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
Ordinance No. 16-55 (FY 2016-2017 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Ordinance are hereby repealed, but such repeal shall not abate any pending prosecution for
violation of the repealed Ordinance, nor shall the repeal prevent prosecution from being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,, H DAY OF JANUARY, 2017.
F pj O%gid
' TOWN OF PROSPER, TEXAS
* Ray Smith, M or
d ftb10
ATTE TO:
bo
Robyn B r
le, Town Secretary
APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
Ordinance No.17-04,Page 2
EXHIBIT"A"
BUDGET AMENDMENT
FISCAL YEAR 2016-2017
January 10, 2017
Special Revenue Fund(s) Original Current Amended Increase
Budqet Budget Budqet (Decrease)
Park Dedication Fund
Expenditures:
Parks Dept
Frontier Park Field Improvements CIP Project
Grant Revenue $ 10,026,225 $ 10,026,225 $ 10,401,225 $ 375,000
GMP Award $ 10,026,225 $ 10,026,225 $ 10,935,815 $ 909,590
Park Improvement Fund
Expenditures:
Parks Dept
Dedication Fees $ - $ - $ 425,000 $ 425,000
Total $ 10,026,225 $ 10,026,225 $ 11,360,815 $ 1,334,590
Total Expenditures 1,334,590
Net Effect All Funds $ 959,590
Ordinance No.17-04,Page 3 of 4
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