17-08 O - Amending FY 2016-2017 Budget and Capital Improvement Plan, Drainage Fund BudgetTOWN OF PROSPER, TEXAS
ORDINANCE NO. 17-08
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 $32,400 IN THE DRAINAGE 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/Repealig_q 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Ordinance are hereby repealed, but such repeal shall not abate any pending prosecution for
violation of the repealed Ordinance, nor shall the repeal prevent prosecution from being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 24TH DAY OF JANUARY, 2017.
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TOWN OF PROSPER, TEXAS
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Ray Smith, ayor
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APPROVED AS TO FORM AND LEGALITY:
Terrence S. Welch, Town Attorney
Ordinance No. 17-08, Page 2
Enterprise Fund
Storm Drainage Fund
:penditures:
Transfer out to
Town Hall Infrastructure Improvements
General CIP Fund
Revenue:
Transfer In
Expenditures:
Streets Project
Town Hall Infrastructure Improvements
Total Expenditures
Net Effect All Funds
EXHIBIT "A"
BUDGET AMENDMENT
FISCAL YEAR 2016-2017
January 24, 2017
Original Current
Budcet Budaet
Amended Increase
Budcet (Decrease
$ - $ - $ 32,400 $ 32,
$ 1,665,000 $ 2,640,000 $ 2,672,400 $
$ 1,275,000 $ 1,275,000 $ 1,307,400 $
Total $ 1,275,000 $ 1,27 1,000 $ 1,307,400 $
Ordinance No. 17-08, Page 3
32,400
$ 32,400
Summary of Capital Improvement Amendment - 01/24/17
General Fund Projects
01
3
A
Impact Fees
B
Funding Sources
C
C
CD
Facility Projects
General Fund
Total
Other Issued Debt Unissued Debt Unissued Debt Reimbursement
F
x
GPark
...H
Prior Years 2015-2016 2016-2017 2017-2018 2018-2019 2019-2020 2020-2025
Cost
Sources Authorized Authorized Unauthorized Resolution
2016-2017 2017-2018 2018-2019 2019-2020 2020-2025
TIRZ#2
1514 -ST Town Hall - Offsite Infrastructure
1,275,000
X
Non -Cash Contributions
1,275,000
Other Sources (See Detail)
1,275,000
Yes
1,275,000
1514,St town Hall - Offsite,Infrastructure
1,275,000
32,400
1,347AOO
32,400 F
1, 75,000-
Yes
1,275,000 ,
Description Codes - Other Sources
A
Impact Fees
B
Grant and Interlocal Funds
C
Developer Agreements
D
General Fund
E
Water/ Wastewater Fund
F
Stormwater Drainage Fund
GPark
...H
Development Fund
TIRZ#1
J
TIRZ#2
K
Escrows
X
Non -Cash Contributions
Z
Other Sources (See Detail)
Ordinance No. 17-08, Page 4