Budget - FY 2022-2023Town of Prosper, Texas
Adopted Budget
Fiscal Year 2022-2023
October 1, 2022 - September 30, 2023
About the Cover:
Raymond Community Park is a 72-acre parcel of land that will begin development of its first phase in October of
2023. The park is located at the northwest corner of First St. and Coit Rd., and will include a lighted baseball four-plex,
multi-use fields, pickleball and tennis courts, water features, playground, and hike and bike trails. Future phases will
include additional lighting of ball fields, inclusive playground elements, and an amphitheater.
Town of Prosper
Fiscal Year 2022-2023
Budget Cover Page
This budget will raise more revenue from property taxes than
last year's budget by an amount of $6,264,035, which is a
22.77 percent increase from last year's budget. The property
tax revenue to be raised from new property added to the tax
roll this year is $3,055,084.
The members of the governing body voted on the budget as follows:
FOR: Mayor David F. Bristol Marcus E. Ray Charles Cotten
Amy Bartley Chris KernMayor Pro-Tem Jeff Hodges
Deputy Mayor Pro-Tem Craig Andres
AGAINST:
PRESENT and not voting:
ABSENT:
Property Tax Rate Comparison 2022-2023
Property Tax Rate: $0.510000/100
No-New-Revenue Tax Rate: $0.438227/100
No-New-Revenue Maintenance & Operations Tax Rate: $0.293725/100
Voter-Approval Tax Rate: $0.527336/100
Debt Rate: $0.180170/100
2021-2022
$0.510000/100
$0.481842/100
$0.345349/100
$0.539436/100
$0.182000/100
Total debt service principal and interest requirements for Town of
Prosper secured by property taxes: $12,891,164
Total amount of outstanding municipal debt obligations secured by
property taxes is $195,871,000.
HB 1495: Lobby Reporting/Budgeting
The 86th Legislature passed HB 1495 to increase the transparency of local government lobbying.
In accordance with Section 104.0045 of the Texas Local Government Code as amended by HB
1495 – Itemization of Certain Expenditures Required in Certain Political Subdivision Budgets‐
expense line items for public notices and lobbying efforts are provided below:
Adopted
FY 2021‐2022
Amended
FY 2021‐2022
Estimated
FY 2021‐2022
Adopted
FY 2022‐2023
Lobbying Services $ 36,000 $ 36,000 $ 0 $ 36,000
Legal Public Notices $ 19,450 $ 19,450 $ 17,950 $ 18,950
FISCAL YEAR 2022-2023
ADOPTED VERSION
Prepared By:
Bob Scott, Ex. Dir. of Administrative Services
Submitted to the Town Council on September 13, 2022
David F. Bristol, Mayor
Jeff Hodges, Mayor Pro-Tem
Craig Andres, Deputy Mayor Pro-Tem
Marcus E. Ray, Council Member
Amy Bartley, Council Member
Charles Cotten, Council Member
Chris Kern, Council Member
“Prosper is a place where everyone matters.”
Town Council
Mayor
David F. Bristol
Term: May 2025
Council Member Place 1
Marcus E. Ray
Term: May 2025
Council Member Place 2
Deputy Mayor Pro‐Tem
Craig Andres
Term: May 2024
Council Member Place 3
Amy Bartley
Term: May 2023
Council Member Place 4
Chris Kern
Term: May 2025
Council Member Place 5
Mayor Pro‐Tem
Jeff Hodges
Term: May 2023
Council Member Place 6
Charles Cotten
Term: May 2024
TOWN
COUNCIL
The Mayor and each of the six (6)
Council Member places are elected at
large according to the Town Charter.
INTRODUCTION
Letter from the Town Manager 11
Entity Profile 24
Demographics and Economic Statistics 25
The Budget Process 27
Budget Calendar 28
Basis of Accounting/Budgeting 29
Fund Overview 31
Strategic Planning Process 32
Town-wide Organizational Chart 43
Authorized Positions Schedule 44
Consolidated Fund Summary 3 Years 45
Consolidated Fund Summary 46
Combined Graphs 48
Property Tax Rate Distribution 49
Major Revenue Graphs by Source 52
GENERAL FUND
Fund Description 57
Fund Balance Graph 58
Revenues by Source 59
Appropriations by Department 60
Fund Summary 61
General Fund Overview 62
Administration
Town Manager's Office 63
Town Secretary's Office 65
Finance 67
Human Resources 69
Information Technology 71
Communications 73
Municipal Court 75
Non-Departmental 77
Police Services
Operations 78
9-1-1 Communications 81
Fire Services
Operations 83
Marshal 85
Development Services
Building Inspections 87
Code Compliance 90
Planning 92
Public Works
Streets 95
Facilities Management 97
Community Services
Park Administration 98
Park Operations 100
Park Recreation 102
Library 104
Engineering 106
Table of Contents
WATER AND SEWER FUND
Fund Description 111
Net Assets Graph 112
Revenues by Source 113
Appropriations by Department 114
Fund Summary 115
Water and Sewer Fund Overview 116
Administration
Utility Billing 117
Non-Departmental 119
Public Works
Water 120
Wastewater 123
Construction Inspections 125
DEBT SERVICE FUND
Fund Description 129
Fund Summary 130
Projection of Debt Margin 131
Debt Issuance Details 132
Outstanding Principal on Debt 135
Principal and Interest Schedule - Tax Supported Debt 136
Principal and Interest Schedule - Water/Sewer/Drainage 137
OTHER FUNDS
Revenues by Source 141
TIRZ #1 Fund 142
TIRZ #2 Fund 144
Crime Control and Prevention SPD 146
Fire Control, Prevention and Emergency Medical Services SPD 148
Park Dedication/Improvement Fund 150
Impact Fee Funds 152
Solid Waste Fund 157
Stormwater Drainage Fund 159
Special Revenue Fund 163
Vehicle and Equipment Replacement Fund 165
Health Insurance Trust Fund 168
MULTI-YEAR CAPITAL PLAN 173
APPENDIX
Supplemental Budget Requests 177
Discretionary Budget Requests 178
Non-Discretionary Budget Requests 183
Five Year Capital Improvement Program 186
Summary of Capital Project Expenditures 192
Financial Policies 193
Town Staff and Consultants 223
Tax Rate Calculation Worksheet 224
Glossary 233
INTRODUCTION
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Memo
To: Honorable Mayor and Town Council
From: Bob Scott, Interim Town Manager
Date: September 13, 2022
Re: Fiscal Year 2022-2023 Adopted Budget
The Proposed Budget was submitted to the Town Council on August 19, 2022. Following the Public
Hearing, the Town Council adopted the budget on September 13, 2022. The Adopted Budget includes
minor revisions from the Proposed Budget. The table below displays the Proposed General Fund budget
appropriations as presented on September 13, 2022, and the Adopted fund budget appropriations. These
appropriation changes resulted in a net zero ($0) change to the overall fund total, while notably increasing
Dedicated Capital by $4,530,485. There were no changes to any other funds.
Fund Name Proposed Adopted Change
General Fund
Administration 10,360,274 9,341,007 (1,019,267)
Police Services 10,391,422 6,635,120 (3,756,302)
Fire Services 8,275,441 9,990,721 1,715,280
Public Works 4,653,702 4,136,738 (516,964)
Community Services 8,172,574 7,174,446 (998,128)
Development Services 4,030,044 4,173,570 143,526
Engineering 2,699,955 2,601,325 (98,630)
Dedicated Capital 3,250,000 7,780,485 4,530,485
Expense Total $51,833,412 $51,833,412 $0
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August 23, 2022
To The Honorable Mayor and Town Council
Re: The FY 2022-2023 Proposed Budget
In accordance with the Town Charter and the laws of the State of Texas governing home rule
cities, please accept this letter as my budget transmittal and executive summary of the Proposed
Annual Operations and Maintenance Budget. The Town’s Proposed Budget is developed through
an extensive process of reviewing requests received by various Town departments then
prioritizing those requests in a manner that utilizes resources effectively, within fiscal constraints,
while working to achieve the Town’s strategic goals. As prepared and submitted, the Proposed
Budget is intended to:
serve as an operating and fiscal plan for the new fiscal year,
provide a basis of accountability to the taxpayers of the investment of their tax dollars,
and
serve as a basis for measuring the performance for those individuals charged with the
management of the Town’s operations.
The Annual Operations and Maintenance Budget represents the single most important
management tool of the Governing Body and the staff.
BUDGET OVERVIEW
The $210 million 2020 bond program addresses many but not all of the future infrastructure and
capital needs of the Town. With the planned August 2022 issuance, $136m of authorized but
unissued bonds remain.
The Town of Prosper FY 2022-2023 Proposed Budget addresses increased service levels to Town
residents in response to continued growth, provides required or recommended capital
investments in infrastructure and other public improvements as well as additional public safety
resources. The Town has continued to thrive relative to many markets. Despite the Town’s
current and future growth potential and general optimism, this budget has been prepared with
conservative revenue assumptions in mind.
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In evaluating the FY 2022-2023 Proposed Budget, it is important to consider it in context with
several historical organizational initiatives, current conditions, and the impact each has on
planning for additional appropriations. Those with the greatest impact are listed below.
The FY 2022-2023 Proposed Budget Appropriations total $95,616,751 for all operating funds,
which does not include general debt service, capital projects, impact fees, vehicle equipment and
replacement fund, or the Economic Development Corporation. Of that amount, approximately
$51,833,412 is for General Fund operations and maintenance, $2,713,065 for the Crime Control
and Prevention Special Purpose District, $2,685,042 for the Fire Control, Prevention and
Emergency Medical Services Special Purpose District, and $38,385,232 for the Town’s Enterprise
Funds including Solid Waste, Water, and Sewer utilities as well as the Storm Drainage Utility Fund.
General Debt Service Appropriations for the coming fiscal year are $12,911,163.
VALUE OF TAXABLE PROPERTY AND GROWTH
The growth in taxable value of real property corresponds to a significant increase in residential
growth and population over the past year. According to the most recent population estimates
published by the North Central Texas Council of Governments (NCTCOG), the Town of Prosper’s
new population as of January 1, 2022 was 35,430. The Town has 15 active residential subdivision
phases with a total of 1,433 lots that are either shovel ready, under construction, or have plans
under review.
The Town is anticipating an overall 21.68% increase in projected assessed values for the 2022 tax
roll. On June 28, 2022, in an effort to help relieve the increase in residential appraised values of
property, the Council approved an increase in the homestead exemption rate from 10% to 12.5%.
The Town is also seeing an increase in property values that qualify under the over 65 and disabled
persons exemption and freeze by 23% from the previous tax roll.
PROPERTY VALUES
Certified property valuations increased by $1,178,797,300 (21.68%) for FY 2022-2023. Property
values increased from $5,437,210,564 to $6,616,007,864. These totals exclude value of
properties subject to the tax freeze. Of the increase, $596,431,779, or 10.8%, resulted from new
construction, compared with $469,526,490 last year. New value added to the tax roll will
continue to be primarily from residential growth, however, commercial growth continues to
expand at a strong rate.
PROPERTY TAX RATE
The Proposed FY 2022-2023 Budget is again proposing a property tax rate of $0.51 per $100 of
taxable assessed valuation. If adopted, this would mark the second straight year of maintaining
this property tax rate, the lowest since 2007.
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The total tax rate is divided between General Fund maintenance and operations and the Debt
Service Fund. Of the total tax rate, $.329830 cents are dedicated to General Fund maintenance
and operations, and $.180170 is dedicated to general obligation debt service. The portion of the
tax rate dedicated to maintenance and operations comprises 65% of the proposed revenue in
the General Fund. The portion of the tax rate dedicated to debt service is approximately 35% of
the overall Town tax rate. The Town continues to maintain a level at or below the debt
management policy limit of 40% of the overall Town tax rate.
SALES TAXES
The Town of Prosper levies a 1.50% tax on all taxable items sold within its borders (the Economic
Development Corporation’s 0.50% tax is in addition to the Town’s tax). In May 2018, the citizens
created the Crime Control and Prevention District and the Fire Control, Prevention, and
Emergency Medical Services District with each collecting 0.25% of dedicated sales and use tax.
Each district is reported as a special revenue fund and sales and use tax is the only source of
revenue in these funds. As sales tax revenues have become a prominent funding source, this will
help dedicate more resources to the public safety needs of the Town. This budget reflects the
fifth year since the districts were created. Overall, the Proposed Budget includes $16,581,421 in
sales tax revenues, compared to $15,496,656 in the FY 2021-2022 revised year end estimate.
This is largely attributable to the continuing retail and commercial development growth in
Prosper. The one percent sales and use tax reported to the General Fund comprises 21.5% of
revenue in the Proposed Budget. See the table below labeled Commercial Taxable Property and
Growth which reflects major retail developments coming online during the next budget cycle.
The proposed budget reflects a conservative sales tax estimate of 7% growth from the current
year end projection.
COMMERCIAL TAXABLE PROPERTY AND GROWTH EXPECTED FY23
Name Square Feet
Gates Phase 3 (commercial) 136,075
Prosper Business Park Phase 5 (office) 74,817
Eagle Crossing Phase 2 (retail/office) 72,700
CHC Fishtrap (office) 34,932
Prosper tollway office park 28,500
Prosper Business Park Phase 4 25,170
Other >25,000 each 64,168
EMPLOYEE PAY AND BENEFITS
Sworn Fire and Police personnel are on a step plan and civilian pay is based on a performance
merit system. The Town employees on average see a 3% merit increase based on their annual
performance. Employees will continue to see their steps or annual merit adjustments based on
performance.
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The Town has historically provided a competitive and innovative benefits package to employees,
offering a selection which best suits employees’ individual and family needs. Providing these
options has benefitted not only recruitment efforts, but also retention of employees. The Town’s
estimated contribution for employee healthcare benefits is $3,838,722 for fiscal year 2022-2023.
The Town currently offers high deductible and PPO medical plans.
PROGRAM AND STAFFING LEVELS
The Town of Prosper currently has 311 authorized full-time equivalent (FTE) staff members
allocated among the various operating departments, excluding EDC. The preliminary proposed
budget includes an increase of 40 full-time equivalent positions. Details of all requested positions
can be found in the appendix section of this document. The proposed budget recommends the
following staffing additions by department and changes to occur between October 2022 and April
2023:
Fund Department FTE
General Finance 2.0
General IT 2.0
General Communications 0.5
General Police 0.0
Special Purpose District Crime Control 4.0
General 9-1-1 Communications 2.0
General Fire 11.0
Special Purpose District Fire Control 4.0
General Fire Marshal 0.0
General Inspections 2.0
General Code Compliance 1.0
General Planning 2.0
General Streets 1.0
General Facilities 1.0
General Parks 1.0
General Library 1.5
General Engineering 1.0
Water/Sewer Water 1.0
Water/Sewer Wastewater 1.0
Water/Sewer Engineering 2.0
Total FTE 40.0
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UTILITY RATES
Staff annually evaluates the Town’s utility system’s operation costs, debt service payments, and
future capital needs for infrastructure improvements and to recommend any rate adjustments
that would be necessary to fully fund the cost of operating our system while maintaining an
adequate financial reserve. While there are no recommended rate adjustments in FY 2022-2023
the Town will continue to re-evaluate, the system rates every year for budgetary pressures,
inflationary factors on capital infrastructure needs, and cost increases from our water and
wastewater treatment providers to ensure our financial reserves remain adequate.
The Town is required to review and adjust solid waste rates each February and will be reviewing
the annual rate adjustment as it relates to CPI, fuel, and disposal rate adjustments. The Storm
Drainage rates will remain the same since the last increase implemented in FY 2017-2018’s
budget. The current monthly drainage rate for a residential tier 1 customer is $3.00 and the
residential tier 2 rate is $5.15. Commercial customer’s rates are $1.00 per 1,000 SF.
GENERAL FUND
The FY 2022-2023 Proposed Budget, as presented, is based on using the current tax rate of
32.9830 cents per $100 of assessed value. Of this amount approximately 10.8 cents per $100 of
assessed value is designated “Capital Dedicated/Future Staffing Needs”. This amount will be
transferred to capital projects funds to reduce the amount of required debt issuance until it is
needed in the future to fund operating needs. Each additional penny of the tax rate generates
approximately $661,601 in property tax revenue.
FY 2021-2022 projected year end recap reflects expenditures exceeding revenues resulting in a
net decrease to the Town’s Fund Balance. The Audited Fund Balance at the end of FY 2020-2021
was $20,242,702. The revised Fund Balance prior to the final audit for FY 2021-2022 is expected
to decrease by $3,926,361 to $16,316,341. The decrease to Fund Balance is due to planned use
of fund balance for one-time capital purchases.
The target reserve level (Fund Balance) is set at 25% (or 90 days) of total appropriations. Target
Fund Balance is based on a Town Charter requirement of 20% and a Town Council policy of an
additional 5%. Budget estimates project fund balance to be at 25% at the end of FY 2022-2023.
At the end of FY 2022-2023, the projected total Fund Balance reflects a decrease of $4,330,793
to $11,988,238. The Town continues to focus on utilizing recurring revenues to fund
enhancements with a one-time cost, rather than funding items with a recurring cost. This practice
allows the Town to gain these dollars back in future years to be utilized in a similar manner.
GENERAL FUND REVENUES
For FY 2022-2023, General Fund revenues are expected to total $47,505,309 which is an increase
of 18.74% over the previous year’s amended budget. This additional revenue is from increased
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property and sales tax, franchise fees, and a one-time park grant. The growth of this fund is
largely the result of continuing residential and commercial development and population growth
in Prosper. It is the Town’s preference to take a conservative approach in budgeting these major
revenue sources.
Sales Taxes revenues continue to increase. Historically, the Town has conservatively forecasted
the sales tax revenues. With the proposed budget reflects 7% growth from FY 2021-2022 year-
end projected sales tax receipts. This is the fifth year for the Special Purpose Districts that receive
sales tax that had been previously reported in the General Fund. The General Fund is projecting
sales tax revenue of $10,220,208 for FY 2022-2023.
License, Fees and Permits Revenues are projected at $6,325,530. FY 2022-2023 Budget still
reflects steady new residential and non-residential construction. It is assumed the Town will
issue approximately 800 new residential permits in the coming year.
Licenses and Franchise Fees are projected to rise with population. Municipal Court Fines are
projected to remain steady in FY 2022-2023.
General Fund Revenues by Source:
GENERAL FUND APPROPRIATIONS
Total General Fund Appropriations for the FY 2022-2023 Proposed Budget are $51,833,412. The
category of personnel makes up much of the General Fund budget. The proposed budget includes
48.5 additional staff members for the General Fund.
The major Program Enhancement and Capital Expenditures included in the proposed
appropriations and planned for FY 2022-2023 by department are as follows:
Administration:
Enhancements Amount
Enterprise Resource Planning (ERP) $873,249
Software System
Revenue Category FY 2023 Proposed % of Total
Property Tax $23,519,547 49.5%
Sales Tax 10,220,208 21.5%
Franchise Fees 2,404,527 5.1%
License, Fees & Permits 6,325,530 13.3%
Other 5,035,497 10.6%
Revenue Total $47,505,309 100.0%
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Police:
Enhancements Amount
Stratified Policing Accountability Model $53,000
ICS/Smartforce Integration $40,000
Fire:
Enhancements Amount
Tactical EMS (TEMS) $32,100
Chevy Silverado – Division Chief of Training $97,090
Streets:
Enhancements Amount
Street Sweeper Vacuum $63,454
Public Works Fueling Station – Phase 2 $445,180
Parks:
Enhancements Amount
Lakewood Park Additional Improvements $400,000
US 380 Green Ribbon Project (Lovers – Mahard) $1,525,000
Engineering:
Enhancements Amount
US 380 Deceleration Lanes $60,000
A complete summary listing of the proposed enhancements with a detailed explanation can be
found in the Appendix section of this document.
DEBT SERVICE (Interest & Sinking [I&S]) FUND
With the planned August 2022 issuance, the Town of Prosper will hold just over $195.871 million
in outstanding authorized tax supported debt. $34.0 million will be issued for road projects and
$13.431 million is planned to be issued for water, sewer, and storm water infrastructure projects
and is paid from water, sewer, and storm water revenues; however, to obtain more favorable
financing terms, the debt also has a tax pledge. The balance of tax supported debt, just over
$182.44 million, is for General capital purposes. The Town’s debt rating is currently Aa1 from
Moody and AA+ from S&P. These ratings have recently been affirmed with a stable outlook for
the 2022 debt issuance.
Appropriations for FY 2022-2023 in the Debt Service Fund will total $12,911,163. This represents
a 1.30% decrease from the prior year’s budget. This small decrease is a combination of the
planned $2m drawdown of fund balance for the redemption of the 2012 series debt and the
planned issuance of $34 million from the $210 million approved bond package which will be 2022
General Obligation Bonds in FY 2021-2022.
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WATER AND SEWER FUND
The Water and Sewer Fund’s principal source of revenues are charges to customers for water
consumption, wastewater collection, and fees related to providing consumers with new water
and wastewater services. Total fund revenues for FY 2022-2023 are estimated to decrease to
$28,112,759 (a decrease of 7.69%) over the previous year’s amended budget. This decrease is
due to a one-time reimbursement from TXDOT in the amount of $3.8 million for a relocation
project. The adopted business plan for the Water and Sewer Utility Fund identifies the need for
revenue growth to cover existing and future operations and maintenance costs as well as debt
service and contracted water and sewer costs with the Upper Trinity Regional Water District and
North Texas Municipal Water District.
Water & Sewer Fund Revenues by Source:
Revenue Category FY 2023 Proposed % of Total
Water Charges $17,557,737 62.5%
Wastewater Charges 9,462,990 33.7%
License, Fees & Permits 377,705 1.2%
Penalties 186,900 0.7%
Investment Income 60,000 0.2%
Miscellaneous 467,427 1.7%
Revenue Total $28,112,759 100.0%
The Town of Prosper along with other surrounding municipalities’ purchases treated surface
water from the North Texas Municipal Water District (NTMWD). The next year proposed budget
reflects increased water consumption due to growth and customer demand. Rates from NTMWD
will increase by 13% from $3.04 to $3.44 per 1,000 gallons of water purchased.
The proposed budget recommends an increase of 4 additional staff members for the Water and
Sewer Fund. The major Program Enhancement and Capital item expenses budgeted in the
Water/Sewer Utility Fund by department include:
Water:
Enhancements Amount
Mini Excavator $238,046
Wastewater:
Enhancements Amount
Manhole Rehabilitation $120,000
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Currently, the Utility Fund holds just over $40.221 million in outstanding debt. The Town has
worked closely with our financial advisors, Hilltop Securities, to develop a sound debt
management plan for the Utility Fund. In the future, the Town anticipates annual debt service
to increase due to a debt sale in FY 2024 and in future years. The anticipated sales are for the
Doe Branch wastewater treatment plant expansion and the Lower Pressure Plane future
expansion needs.
In order to appropriately manage Utility Fund debt, the Town and Hilltop Securities developed a
plan to monitor the debt limits by establishing a comprehensive debt management policy. In
that policy it states the enterprise fund will target the net revenues available for debt service to
exceed 1.25 times the outstanding revenue-backed debt service payments. This will help identify
if the net revenues can sustain the committed debt service and any future issuance.
DRAINAGE UTILITY FUND
Currently, the Drainage Utility Fund holds just over $2.50 million in outstanding debt. During FY
2017-2018 budget, Council approved a rate increase in order to support debt service payments
and maintain routine drainage/storm water maintenance needs.
CAPITAL IMPROVEMENT FUNDS
The Capital Improvement Fund accounts for financial resources to be used for the acquisition or
construction of major capital facilities. The budget for these projects is independent of the
operating budget and are typically funded with bonds, grants, fund balance, special restricted
revenue, or other sources of capital from developers or other private investment. The table
below summarizes the capital projects for FY 2022-2023.
Street Projects
First Street (DNT – Coleman) 16,775,000
Fishtrap (Teel – Gee Road) 6,025,000
Coit Road (First – Frontier) – 4 Lanes 800,000
Coleman (Gorgeous – Prosper Trail) – 4 Lanes 350,000
Coleman (Prosper Trail – Talon) – 2 SB Lanes 345,000
Preston Road / First Street Dual Left Turns 800,000
Preston Road / Prosper Trail Dual Left Turns 800,000
Coit Road / US 380 SB Dual Left Turns 300,000
Parvin Road (FM 1385 – Legacy) 800,000
Gorgeous (McKinley – Coleman) 500,000
Impact Fee Analysis 300,000
Median Lighting US 380 (Mahard - Lovers Ln) 300,000
Traffic Signal - FM 2478 (Custer Rd) & First Street (TxDOT) 500,000
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Parks Projects
Windsong Park #3 750,000
Star Trail Hike & Bike Trail (Multiple Phases) 200,000
US 380 Green Ribbon Landscaping/Irrigation (Lovers -
Mahard) 1,500,000
Westside Waterline Trail Connection 800,000
Facility Projects
Fire Station No. 4 (Design) 23,380
Fire Station No. 4 (Other Development Costs) 601,620
Fire Station No. 4 (Construction) 6,000,000
Fire Station No. 4 (FF&E) 775,000
Water Projects
LPP Water Line Phase 2A 3,600,000
FM 1461 12-inch Water Line 3,000,000
DNT (PT-Frontier), Frontier (DNT - PISD Stadium) 12-inch
Water Line 4,500,000
Wastewater Projects
Doe Branch Parallel Interceptor 3,500,000
Upper Doe Branch WW Line (Teel - PISD Stadium) 4,050,000
Wilson Creek WW Line 400,000
GENERAL DISCUSSION ITEMS
The following items have also been incorporated into the FY 2022-2023 Proposed Budget:
Continued partnerships with other entities have produced multiple saving opportunities
for shared services or improving our customer service to residents and visitors alike.
• The Town has an Interlocal Agreement with PISD to access their fueling facility and to
share the parking lot at the stadium.
• The Town renews its agreements along with several area cities to contract with Collin
County for Animal Control and Sheltering Service.
• The Town has Interlocal agreements with Frisco for the Police and Fire Departments
to access their radio system.
• The Town has Interlocal Agreements for landscape services with the City of McKinney
and City of Frisco.
• The Town has a three-way Interlocal Agreement for the construction of a Frontier
Parkway railroad overpass with Collin County and the City of Celina.
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While budgets are always a challenge, we have worked diligently to propose a budget that
accomplishes Council goals to expand services and competitively compensate staff while holding
the line on the tax rate. We have also presented a future five-year financial plan to help manage
the decisions made for the next fiscal year and the impact it has on future fiscal responsibilities.
The Town’s proposed budget attempts to address the current and future growth and
infrastructure expansion demands while recognizing the current service needs of its residents.
I would also like to compliment and thank the entire Town staff for their dedication, diligence,
and fiscal accountability in providing their respective services to the Governing Body and the
residents of Prosper.
Sincerely,
Robert B. Scott
Robert B. Scott
Executive Director of Administrative Services
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Entity Profile
The Town is a political subdivision and a home rule municipality under the law of the state. A
Home Rule Charter was approved by the voters of the Town at an election held November 7,
2006, and revised on May 14, 2011 and May 6, 2017. The Town operates as a Council-Manager
form of government with the Town Council comprised of the Mayor and six Council Members.
The term of office is three years. The Town Manager is chief executive officer of the Town.
Services the Town provides include: public safety (police, fire protection, and dispatch), and
municipal court, public streets, water/wastewater, solid waste and storm drainage utilities, parks
and recreation, library, public improvements, engineering, planning and zoning, building
inspections and code compliance, economic development and general administrative services.
Some services such as legal and solid waste/recycling are outsourced in full or in part to the
private sector.
The Town is located in North Central Texas and covers approximately twenty-seven square miles
of the Dallas/Fort Worth Metroplex (“DFW”). Prosper includes areas in Collin and Denton
Counties, with most of the Town’s population residing in Collin County. The Town is located at
the crossroads of Preston Road and US Highway 380, and is just five minutes north of the bustling
Dallas North Tollway cities of Frisco and Plano.
Prosper is home to nationally recognized educational opportunities. The Fire and Police
Departments have received excellent marks for exemplary service and response times. The
community has over 400 acres of open space and parks and is providing connectivity to all of
them. Most neighborhoods boast 1 acre lots and have active Homeowners Associations which
protect quality and aesthetics. The Dallas-Fort Worth airport is within 45 minutes of the
community with easy access to interstate and tollway systems. Prosper was chosen as the North
Campuses for Children’s Hospital and Cook Children’s Hospital. In 2019, Prosper was recognized
in two publications as one of the top 25 “greatest small towns to live in the U.S.” With a median
income of $153,777, the community is one of affluence, access to numerous amenities, excellent
health care and opportunities for business growth.
The 2010 Census population for the Town was 9,423, and the 2022 population is 35,430.
3,100 5,250 6,350
9,462 12,190
14,710 17,790
22,650
28,390 31,100
35,430
0
5,000
10,000
15,000
20,000
25,000
30,000
35,000
40,000
2004 2006 2008 2010 2012 2014 2016 2018 2020 2021 2022
24
2022 Estimated Population: 35,430**
2022 Assessed Valuation: $6,616,007,846
Median Age: 34.4*
Median Household Income: $153,777**
Number of Households (includes renter‐occupied apartments): 12,004
Square Miles: 27
Unemployment Rate: 5.6%*
Public Education 2,844
Grocery Store 416
Municipality 304
Grocery/Retail Store 270
Restaurant 400
Home Improvement Store 141
Medical 140
Retail 78
Automotive 66
Prosper ISD
Kroger
Town of Prosper
Walmart
Chick‐Fil‐A
Lowe's
Cook Children's
Dick's/Field & Stream Sporting Goods
Longo Toyota
Texas Health Resources Healthcare Facility 60
380 & 289 LP
GOP #2 LLC
DD Bluestem LLC
Orion Prosper Lakes LLC
Orion Prosper LLC
289 (Preston) & 380 LP &
Prosper Younger LLC
Northeast 423/380 LTD Et Al.
Kroger Texas LP
First Texas Homes Inc
* Data retrieved from Sperling's Best Places www.bestplaces.net
** Data retrieved from Prosper Economic Development Corporation
*** Data retrieved from Denton County CAD and Collin County CAD
Demographics and Economic Statistics
Major Employers**
Major Taxpayers***
Taxable Assessed Value
$86,408,388
$67,790,369
$65,000,000
$59,406,378
$45,688,489
$40,400,349
$34,054,515
$28,370,559
$25,976,303
$23,601,071
Percentage of Total
Taxable Assessed Value
1.31%
1.02%
0.98%
0.90%
0.69%
0.61%
0.52%
0.43%
0.39%
0.36%
25
26
The Budget Process
PURPOSEOF AN ANNUALBUDGET
The basic purpose of the Town of Prosper Budget is to serve as a communication tool to residents, businesses, and employees
regarding the Town's financial plan. The budget is designed to provide clear and accurate information to Town stakeholders
with respect to how their local government is organized and how it operates.
BUDGETDETAILS
The Town's fiscal year is from October 1st to September 30th. Beginning October 1st, the approved budgets are appropriated
to the various funds and departments. Amendments may be made to the budget during the fiscal year in accordance with
Town Charter provisions. These amendments shall be by ordinance, and shall become an attachment to the original budget.
Expenditures may not exceed appropriations at the department level without Town Council approval. The Town budgets for
revenues and expenditures on a yearly basis. The final adoption of the Annual Budget takes place in September and the new
fiscal year begins October 1. Final adoption of the budget by the Town Council shall constitute the official appropriations as
proposed by expenditures for the current year and shall constitute the basis of official levy of the property tax as the amount
of tax to be assessed and collected for the corresponding tax year.
PREPARATIONOF THE ANNUAL BUDGETDOCUMENT
Budget preparation requires careful consideration and usually begins with kickoff meetings when the Finance Director meets
with Department Heads to review the budget preparation calendar and to establish the basis for budget submissions.
In April, the Budget Preparation Manual is distributed to departments for review. Submissions include funding requests for
personnel, improvements to public services, capital outlays and enhancement projects.
Once received from departments, the Finance Department carefully reviews and evaluates each department's budget
submissions for completion and line item consistency. The overall picture of estimated revenues and proposed expenditures
is studied. Focusing on the Town Council's vision for Prosper and providing the most efficient and effective services to the
Prosper citizens are the major considerations throughout the budget review process.
From June through July, budget workshop sessions are held between the Town Manager and Department Heads. The Town
Manager submits the proposed budget to Town Council and it is made public for review. The proposed operating budget
includes proposed expenditures and the means of financing them. This eventually culminates into Town Council public
hearings in August and possibly September. At this time, the Town Council may further revise the proposed budget as it
deems necessary. The final adoption of the Annual Budget takes place in September when the budget is legally enacted
through the passage of an ordinance.
BUDGETADMINISTRATION
The Fiscal Year begins and the approved budgets are then under the management of the responsible Department Head and
ultimately the Town Manager. Department Heads are given much discretion to assign funds within their departmental
budgets as needed and consult with the Town Manager on any significant variances from a given line item budget.
Any revision that alters total expenditures of any department must be approved by the Town Council.
Expenditures for goods or purchased services are documented by receipts,invoices, purchase orders or contracts.
The Town Manager submits monthly financial reports as required by Town Charter and actively manages any shortfalls in
revenues or overages in expenditures. Unless known to be immediately necessary or significant in value, budget amendments
will be done towards the close of the fiscal year taking into account other possible savings within the fund.
Encumbered amounts lapse at year end, meaning any encumbrances are canceled or reappropriated as part of the following
year's budget.
27
Town of Prosper Annual Budget Calendar
Budget Calendar AcƟons
Planning
January ‐ March
Department’s Budget
April ‐ May
May 6‐ Town staff completes revenue and expenditure projecƟons through the end of the current fiscal
year; prepares discreƟonary and non‐discreƟonary budget requests and related forms.
May 12 ‐ Begin compilaƟon and discussions with Department Heads.
Town Manager’s Budget
June ‐ July
July 12‐ Strategic Planning/Budget Work Session with Town Council and Department Heads.
July 25‐ Chief Appraiser cerƟfies appraisal rolls for taxing units.
July 31 ‐ CerƟficaƟon of anƟcipated collecƟon rate by collector.
Town Council’s Budget
August ‐ September
August 5‐ CalculaƟon of no‐new‐revenue and voter‐approval tax rates. 72‐hour noƟce for meeƟng (Open
MeeƟngs NoƟce).
August 9 ‐ Town Council meeƟng to discuss tax rate; if proposed tax rate will exceed the no‐new‐revenue tax
rate or the voter‐approval tax rate (whichever is lower), take record vote and schedule Public Hearings.
Town Manager presents proposed budget for FY 2021‐2022. Proposed budget must be posted on website
from this date unƟl adopted.
August 11 ‐ “NoƟce of FY 2021‐2022 Budget Public Hearing” noƟce in newspaper and on Town website
published at least seven days before the Public Hearing.
August 17 ‐ Finance CommiƩee reviews Proposed Budget.
August 19‐ 72‐hour noƟce for Public Hearing (Open MeeƟngs NoƟce).
August 23 ‐ Public Hearing for budget.
September 9‐ 72‐Hour noƟce for Public Hearing at which governing body will adopt tax rate (Open
MeeƟngs NoƟce).
September 13 ‐ Town Council meeƟng to consider passing ordinances adopƟng the FY 2021‐2022 budget and
tax rate. Budget must be adopted before the tax rate, and both must be record votes. Taxing unit must adopt
tax rate before September 30 or 60 days aŌer receiving cerƟfied appraisal roll, whichever is later.
September 14 ‐ Final approved budget to be filed with Town Secretary. Submit ordinances to Collin and
Denton County Tax Offices. Tax Assessor/Collector and Appraisal District noƟfied of current year tax rates.
October 1 ‐ New fiscal year begins and taxes are billed by the Assessor/Collector.
28
Basis of Accounting/Budgeting
The budgetary and accounting policies contained in the budget document conform to generally accepted
accounting principles (GAAP) as established by the Governmental Accounting Standards Board (GASB).
The accounts of the Town are organized on the basis of funds and account groups, each of which is
considered a separate budgetary and accounting entity. Within the budget, the Town's various funds are
grouped into the following categories of fund types:
Governmental Fund Types ‐ Include the General Fund, Debt Service Fund, Capital Project
Funds, and Special Revenue Funds. The budget is organized and operated on a modified accrual
basis of accounting. A financial measurement focus is utilized here as well. Under the modified
accrual basis of accounting, revenues are recorded when susceptible to accrual (i.e., both
measurable and available). Available revenues collected within the current period or soon
thereafter are used to pay liabilities of the current period. Expenditures represent a decrease in
net financial resources, and other than interest on general long‐term debt, are recorded when
the fund liability is incurred, if measurable. Interest on general long‐term debt is recorded when
due.
Proprietary Fund Types – Include the Enterprise Funds and Internal Service Funds. These are
accounted and budgeted for on a cost of services or “capital maintenance” measurement focus,
using the accrual basis of accounting. Under the accrual basis of accounting, revenues are
recognized when earned and expenses are recognized when incurred. For purposes of this budget
presentation, depreciation is not displayed and capital expenditures and bond principal payments
are shown as utilized by each fund.
Governmental Fund Types
Government Fund types are those through which most governmental functions of the Town are financed.
The acquisition, use, and balances of the Town’s expendable financial resources and the related liabilities
(except those accounted for in the Proprietary and Fiduciary Fund types) are accounted for through the
Governmental Fund Types.
General Fund – The General Fund is the general operating fund of the Town. It is used to account
for all revenues and expenditures except for those required to be accounted for in other funds.
Major functions financed by the General Fund include: Administration, Public Safety, Community
Services, Financial Services, HR, IT, Library, Building and Planning, and Parks and Recreation.
Special Revenue Funds – Special Revenue Funds are used to account for the proceeds of
specific revenue sources other than expendable trusts or major capital projects. The Special
Revenue Funds include, but are not limited to, TIRZ #1; TIRZ #2; Crime Control and Prevention
Special Purpose District; Fire Control, Prevention and Emergency Medical Services Special Purpose
District; Park Dedication/Improvement Fund; Impact Fee Funds; and Special Revenue Fund.
Debt Service Fund – The Debt Service Fund is used to account for the accumulation of resources
for, and the payment of, general long‐term debt principal, interest, and related costs.
29
Capital Projects Funds – The Capital Projects Funds are used to account for financial resources
to be used for the acquisition or construction of major capital items or facilities.
Proprietary Fund Types
Enterprise Funds are used to account for operations that are either financed or operated in a manner
similar to private business enterprises, or where the governing body has decided that periodic
determination of revenues earned, expenses incurred, and/or net income is appropriate for capital
maintenance, public policy, management, control, accountability, or other purposes.
Utility Fund – This fund accounts for water and wastewater services for the residents of the
Town. All activities necessary to provide such services are accounted for in the fund, including
administration, operation, maintenance, financing and related debt service, and billing and
collection.
Solid Waste Fund – This fund accounts for solid waste collection services for the residents of
the Town. All activities necessary to provide such services are accounted for in the fund, including
administration, operation, maintenance, and billing and collection.
Stormwater Utility Fund – This fund accounts for the costs associated with the implementation and
ongoing administration of stormwater and drainage management needs of the Town. All
activities necessary to provide such services are accounted for in the fund,
including administration, operation maintenance, financing and related debt service, and
billing and collection.
Internal Service Funds – The Internal Service Funds include the Health Insurance Trust Fund
that accounts for the Town’s self‐insurance activities, and the Town’s Vehicle and Equipment
Replacement Fund which accounts for vehicle and equipment replacements.
30
Fund Overview
Non ‐ Major Funds
Major Funds
Town of
Prosper Funds
Governmental
Funds
General Fund Impact Fee
Funds
Debt Service
Fund
Capital Projects
Fund
Special
Revenue Funds
Court
Technology
Fund
Court Security
Fund
Escrow Fund
Park Dedication
Fund
Park
Improvement
Fund
Contributions
Fund
TIRZ #1 Fund
TIRZ #2 Fund
Crime Control and
Prevention Special
Purpose District Fund
Fire Control, Prevention,
and Emergency Medical
Services Special Purpose
District Fund
Proprietary
Funds
Enterprise
Funds
Water/Sewer
Fund
Storm Drainage
Fund
Internal Service
Funds
Vehicle and
Equipment
Replacement Fund
Health Insurance
Trust Fund Solid Waste
Fund
31
Strategic Planning Process
The Town Council completed the 2022 Strategic Planning Process in March.This year’s process included a
series of interviews with Council,worksheets submitted by Town Departments, two meetings with the Town’s
Management Team,a 1 ½-day facilitated session with the Town Council and a second follow-up meeting with
Council to finalize the plan. The process resulted in a reaffirmation of the Town’s Community Vision, Strategic
Vision,and Mission.The Council confirmed the five Strategic Goals that will guide the Town over the next five
years, and with staff’s input, identified 129 Action Items to accomplish as part of the Strategic Plan.
32
33
34
35
36
37
38
39
40
41
42
Municipal Court
Judge Town Attorney
Boards and
Commissions
Citizens
Mayor and Town
Council
Town Manager
Fire Chief
Fire Marshal
Fire
Operations
Police Chief
Police
Operations
9-1-1
Communications
Exec. Dir. of Dev.
and Infrastructure
Services
Engineering
Stormwater
Construction
Inspections
Public Works
Streets
Water
Wastewater
Development
Services
Building
Inspections
Health & Code
Compliance
Planning
Facilities
Management
Exec. Dir. of
Community
Services
Town SecretaryCommunicationsParks &
Recreation
Parks
Administration
Parks
Operations
Recreation
Library
Exec. Dir. of
Admin. Services
Finance
Municipal
Court
Utility
Billing
Human
Resources
Information
Technology
Organization
Chart
October 2022
43
Fund Department Position Type
ACTUAL
2020-2021
ADOPTED
2021-2022
REVISED
2021-2022
CHANGES
2022-2023
ADOPTED
2022-2023
GENERAL FUND
Town Manager 2.00 2.00 2.00 0.00 2.00
Town Secretary 2.50 2.50 2.50 0.00 2.50
Finance 7.00 8.00 9.00 2.00 11.00
Human Resources 4.00 4.50 4.50 0.00 4.50
Information Technology 6.00 7.50 8.50 1.00 9.50
Communications 3.50 3.50 4.50 0.50 5.00
Court 4.00 4.50 4.50 0.00 4.50
Police 32.00 31.00 31.00 (2.00)29.00
9-1-1 Communications 13.00 13.00 13.00 2.00 15.00
Fire 39.00 41.00 41.00 11.00 52.00
On-call temporary pool 15.00 0.00 0.00 0.00 0.00
Fire Marshal 4.00 4.00 4.00 0.00 4.00
Inspections 18.00 20.00 20.00 2.00 22.00
Code Compliance 3.00 3.00 3.00 1.00 4.00
Planning 5.00 5.00 5.00 1.00 6.00
Streets 8.00 10.00 10.00 1.00 11.00
Facilities 0.00 0.00 0.00 1.00 1.00
Parks 27.00 32.00 33.00 0.00 33.00
Library 6.50 7.00 7.00 1.00 8.00
Engineering 12.00 15.50 15.50 0.00 15.50
Subtotal Full-Time 193.00 208.00 212.00 21.00 233.00
Subtotal Part-Time 3.50 6.00 6.00 0.50 6.50
Subtotal Temporary 15.00 0.00 0.00 0.00 0.00
Total General Fund 211.50 214.00 218.00 21.50 239.50
SPECIAL PURPOSE DISTRICT FUNDS
Crime Control 13.00 19.00 19.00 5.00 24.00
Fire Control 13.00 18.00 18.00 4.00 22.00
Total Special Purpose District Funds 26.00 37.00 37.00 9.00 46.00
WATER/SEWER FUND
Utility Billing 4.00 5.00 5.00 0.00 5.00
Water 27.00 29.00 29.00 1.00 30.00
Wastewater 15.00 16.00 16.00 1.00 17.00
Engineering 4.00 4.00 4.00 2.00 6.00
Total Water/Sewer Fund 50.00 54.00 54.00 4.00 58.00
DRAINAGE UTILITY FUND
Total Drainage Utility Fund All Full-Time 2.00 2.00 2.00 0.00 2.00
Position Type
ACTUAL
2020-2021
ADOPTED
2021-2022
REVISED
2021-2022
PROPOSED
CHANGES
2022-2023
ADOPTED
2022-2023
ALL FUNDS
Total Full-Time 271.00 301.00 305.00 34.00 339.00
Total Part-Time 3.50 6.00 6.00 0.50 6.50
Total All Funds Total Full-Time Equivalent (FTE)274.50 307.00 311.00 34.50 345.50
Total Temporary 15.00 0.00 0.00 0.00 0.00
Authorized Positions
44
ACTUAL
2020-2021
PROJECTED
2021-2022
ADOPTED
2022-2023
ESTIMATED RESOURCES
REVENUES:
Taxes 40,817,563 47,287,709 54,804,142
Inter-governmental 1,176,169 346,530 4,770,715
License, Fees & Permits 11,112,457 11,023,560 11,640,962
Charges for Services 31,334,503 35,972,202 37,272,230
Fines & Warrants 280,198 250,425 250,425
Investment Income 278,420 292,275 396,775
Miscellaneous Revenue 3,027,718 8,627,641 1,372,552
Impact Fees 16,909,373 15,684,825 10,450,000
Subtotal-Revenues 104,936,403$ 119,485,167$ 120,957,801$
OTHER RESOURCES:
Transfers In 1,464,037 2,060,544 2,985,335
106,400,440$ 121,545,711$ 123,943,136$
ESTIMATED USES
Direct Expenditures by Function:
General Government/Central Services 14,538,026 17,309,883 17,005,012
Public Safety 15,894,694 18,476,678 22,023,948
Community Services 5,081,821 7,963,656 7,274,446
Streets & Highways 2,567,401 4,331,200 4,136,738
Development Services 3,580,063 4,588,847 4,173,570
Utility Services 20,272,502 20,236,449 29,443,481
Engineering 1,882,206 2,380,588 2,601,325
Debt Service 11,642,022 20,231,481 17,483,203
Transfer to Dedicated Capital Fund - - 7,780,485
Economic Infrastructure Development 2,149,326 7,546,370 3,137,344
Impact Fee Infrastructure Development 5,556,837 8,953,116 18,400,250
Subtotal-Expenditures 83,164,898$ 112,018,268$ 133,459,802$
Transfers Out 5,020,709 21,488,335 2,985,335
88,185,607$ 133,506,603$ 136,445,137$
EXCESS (DEFICIENCY)18,214,833$ (11,960,892)$ (12,502,001)$
BEGINNING FUND BALANCE 50,096,090$ 68,310,923$ 56,350,031$
EXCESS (DEFICIENCY)18,214,833$ (11,960,892)$ (12,502,001)$
ENDING FUND BALANCE 68,310,923$ 56,350,031$ 43,848,030$
TOTAL ESTIMATED RESOURCES:
TOTAL ESTIMATED USES:
CONSOLIDATED FUND SUMMARY
BY YEAR
45
GENERAL FUND
DEBT SERVICE
FUND
IMPACT FEE
FUNDS UTILITY FUNDS
ESTIMATED RESOURCES
REVENUES:
Taxes 33,739,755 12,680,972 - -
Inter-governmental 1,525,000 - - -
License, Fees & Permits 9,239,357 - - 564,605
Charges for Services 1,240,962 - - 30,003,927
Fines & Warrants 250,425 - - -
Investment Income $150,000 20,000 118,625 61,800
Miscellaneous Revenue $124,475 - 300,000 470,427
Impact Fees - - 10,250,000 -
Subtotal-Revenues 46,269,974$ 12,700,972$ 10,668,625$ 31,100,760$
OTHER RESOURCES:
Transfers In 1,235,335 - - 1,750,000
47,505,309$ 12,700,972$ 10,668,625$ 32,850,760$
ESTIMATED USES
Direct Expenditures by Function:
General Government/Central Services 9,341,007 - - 1,384,376
Public Safety 16,625,841 - - -
Community Services 7,174,446 - - -
Streets & Highways 4,136,738 - - -
Development Services 4,173,570 - - -
Utility Services - - - 29,443,481
Engineering 2,601,325 - - -
Transfer to Dedicated Capital Fund 7,780,485 - - -
Debt Service - 12,911,163 - 4,572,040
Economic Infrastructure Development - - - -
Impact Fee Infrastructure Development - - 18,400,250 -
Subtotal-Expenditures 51,833,412$ 12,911,163$ 18,400,250$ 35,399,897$
Transfers Out - - - 2,985,335
51,833,412$ 12,911,163$ 18,400,250$ 38,385,232$
EXCESS (DEFICIENCY)(4,328,103)$ (210,191)$ (7,731,625)$ (5,534,472)$
BEGINNING FUND BALANCE 16,316,341$ 538,904$ 14,289,413$ 14,201,601$
EXCESS (DEFICIENCY)(4,328,103)$ (210,191)$ (7,731,625)$ (5,534,472)$
ENDING FUND BALANCE 11,988,238$ 328,713$ 6,557,788$ 8,667,129$
TOTAL ESTIMATED RESOURCES:
TOTAL ESTIMATED USES:
CONSOLIDATED FUND SUMMARY
FISCAL YEAR 2022-2023
46
SPECIAL REVENUE
FUNDS
INTERNAL SERVICE
FUNDS COMBINED FUNDS
ESTIMATED RESOURCES
REVENUES:
Taxes 8,383,415 - 54,804,142
Inter-governmental 3,245,715 - 4,770,715
License, Fees & Permits 1,837,000 - 11,640,962
Charges for Services - 6,027,341 37,272,230
Fines & Warrants - - 250,425
Investment Income 16,350 30,000 396,775
Miscellaneous Revenue 77,650 400,000 1,372,552
Impact Fees 200,000 - 10,450,000
Subtotal-Revenues $ 13,760,130 6,457,341$ 120,957,801$
OTHER RESOURCES:
Transfers In - - 2,985,335
13,760,130$ 6,457,341$ 123,943,136$
ESTIMATED USES
Direct Expenditures by Function:
General Government/Central Services 130,058 6,149,571 17,005,012
Public Safety 5,398,107 - 22,023,948
Community Services 100,000 - 7,274,446
Streets & Highways - - 4,136,738
Development Services - - 4,173,570
Utility Services - - 29,443,481
Engineering - - 2,601,325
Transfer to Dedicated Capital Fund - - 7,780,485
Debt Service - - 17,483,203
Economic Infrastructure Development 3,137,344 - 3,137,344
Impact Fee Infrastructure Development - - 18,400,250
Subtotal-Expenditures 8,765,509$ 6,149,571$ 133,459,802$
Transfers Out - - 2,985,335
8,765,509$ 6,149,571$ 136,445,137$
EXCESS (DEFICIENCY)4,994,620$ 307,770$ (12,502,001)$
BEGINNING FUND BALANCE 6,154,539$ 4,849,234$ 56,350,031$
EXCESS (DEFICIENCY)4,994,620$ 307,770$ (12,502,001)$
ENDING FUND BALANCE 11,149,159$ 5,157,004$ 43,848,030$
TOTAL ESTIMATED RESOURCES:
TOTAL ESTIMATED USES:
47
Combined Graphs
Taxes
$54,804,142
Inter-governmental
$4,770,715 License, Fees & Permits
$11,640,962
Charges for Services
$37,272,230
Fines & Warrants
$250,425
Investment Income
$396,775
Miscellaneous
$1,372,552 Impact Fees
$10,450,000
All Funds Revenues by Type
General Government
$17,005,012
Public Safety
$22,023,948
Community Services
$7,274,446
Streets & Highways
$4,136,738
Development Services
$4,173,570
Utility Services
$29,443,481
Engineering
$2,601,325
Debt Service
$17,483,203
Transfer to Capital
Dedicated
$7,780,485
Economic Infrastructure
Development
$3,137,344
Impact Fee Infrastructure
Development
$18,400,250
All Funds Expenditures by Type
48
Fiscal Year
General
Fund I & S Fund Total
General Fund
Percentage
I & S
Percentage
2017-18 0.367500 0.152500 0.520000 71%29%
2018-19 0.367500 0.152500 0.520000 71%29%
2019-20 0.367500 0.152500 0.520000 71%29%
2020-21 0.367500 0.152500 0.520000 71%29%
2021-22 0.328000 0.182000 0.510000 64%36%
2022-23 0.329830 0.180170 0.510000 65%35%
As Adopted
Property Tax Rate Distribution
General and I & S Funds
0.0 0.1 0.2 0.3 0.4 0.5 0.6
2017-18
2018-19
2019-20
2020-21
2021-22
2022-23
Tax RateFiscal YearTax Rate Distribution
General Fund I & S Fund
49
Property Valuations & Ad Valorem Taxes
General and I & S Funds
TOTAL TAX LEVY $36,232,935
One Penny on the Tax Rate $661,601
Times Anticipated Tax Collections 100%
Plus Actual Tax on Freeze $2,491,295
Times Tax Rate (Per $100) 0.51
Certified Taxable Value (excluding freeze values and TIRZ contributions) Increased 21.7%
New Construction Totaled $596,431,779
Ad Valorem Taxes
Total Freeze Adjusted Taxable Value $ 6,616,007,864
1,447,466
1,753,255
2,129,311
2,546,144
3,114,007
3,666,923
4,209,067
4,601,196
5,437,211
6,616,008
$-
$1,000,000
$2,000,000
$3,000,000
$4,000,000
$5,000,000
$6,000,000
$7,000,000
2013 2014 2015 2016 2017 2018 2019 2020 2021 2022Thousands
Tax Year
Certified Assessed Valuation
Source: Collin CAD and Denton CAD Certified Totals 2013-2022
50
Source: The Texas State Comptrollers Website
Notes:The Town held an election May,2018 to create two Special Purpose Districts for Crime and Fire that
are supported by a quarter of a percent of sales tax collected in the Town.
Sales taxes contribute approximately 21.5%of General Fund revenues and are the second largest source of
revenue for the General Fund budget.The Town examines the market conditions in Prosper and the
Metroplex in budgeting sales tax conservatively year to year.
The Town's three major categories (Retail trade,Accomodation and Food Services,and Manufacturing)make
up approximately 65% of the Town's sales tax collections.
Sales Taxes
General, Special Purpose Districts, and EDC Funds
$2,795 $3,257 $3,997 $5,071 $6,339 5,374 6,618 8,902 10,343 $10,530
2,606
3,229
4,376
5,095 $5,452
$932 $1,447
$1,864
$2,340 $3,044
$2,687
$3,309
$4,451
$5,171 $5,265
$-
$5,000
$10,000
$15,000
$20,000
$25,000
ThousandsEDC
Sales
Tax
SPDs
Sales
Tax
Town
Sales
Tax
51
Impact Fee Revenues
Impact Fee Funds
Texas Local Government Code Chapter 395 requires an impact fee analysis before impact fees are set.Chapter 395
requires that land use assumptions and capital improvement plans be updated at least every five years,and the
Town of Prosper last performed an impact fee analysis in 2017.During FY 2016-2017,Council adopted land use
assumptions and a capital improvements plan establishing impact fees for water, wastewater,and roadways by
amending Article, 10.02 "Capital Improvements and Impact Fees," of the Town of Prosper Code of Ordinances.
Town of Prosper's Code of Ordinances,Section 10.02.001 purpose of impact fees is to assure the provision of
adequate public facilities to serve new development in the Town by requiring each such development to pay its
share of the costs of such improvements by and attributable to such new development. The budget reflects a
conservative revenue forecast for impact fees based on growth that is taking place,but not at the rate reflected in
previous years.
$16,909,373
15,684,825
$10,450,000
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
2020-2021
Actual
2021-2022
Projected
2022-2023
Budget
52
Consumption % of total
Customer Type of Business (gallons)Usage
Windsong Ranch Community Association Homeowner's Association 50,215,470 2.01%
Prosper Independent School District School District 35,869,535 1.44%
Town of Prosper Government 21,353,700 0.86%
GOP #2, LLC Construction Company 14,515,100 0.58%
DD Bluestem LLC Multi-Family Housing 14,513,033 0.58%
Orion Prosper LLC Multi-Family Housing 14,057,800 0.56%
Orion Prosper Lakes, LLC Multi-Family Housing 12,837,000 0.51%
SiteOne Landscape Supply Landscape Supplier 11,330,500 0.45%
Whitley Place HOA Homeowner's Association 10,257,670 0.41%
Lattimore Materials Ready-Mix Concrete Mfg 8,978,620 0.36%
Water and Wastewater Revenues
Water & Sewer Fund
Council approved increases to water rates to be phased in over three years beginning with Fiscal Year 2017-2018.This
represented the first increase to Town customers since 2012 despite substantial increases by our water providers over
the last several years. Staff reviews the billed water and wastewater rates each year to ensure the rates approved are
warranted in order to expand the Town's water and sewer infrastructure, as well as to continue providing our
customers with the best service possible. Water and wastewater charges amount to eighty percent of the revenue
collected by the Water and Sewer fund.During the FY 2019-2020 budget process,the third year of water and
wastewater rate increases was not implemented due to the increased accounts in the Town. Water and wastewater
rates will remain the same for FY 2022-2023.The Town will continue to look at rates to ensure that fund balance
reserves are maintained.
Ten Largest Water Customers
15,198,610
16,775,872 17,557,737
8,513,816
9,619,000 9,462,990
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
$18,000,000
$20,000,000
2020-2021
Actual
2021-2022
Projected
2022-2023
Budget
Water Wastewater
53
54
GENERAL FUND
55
56
General Fund Description
The General Fund is the operating fund of the Town. The General Fund receives and accounts for all general tax
revenues and other receipts that are not restricted by law or contractual agreement to some other designated
fund. The General Fund includes a greater variety and amount of revenues, and finances a wider range of
governmental activities than any other fund. The primary revenue sources for the General Fund are property
taxes, sales taxes, franchise fees, license and permit fees, fines and warrants, and miscellaneous general
revenues.
The General Fund accounts for general purpose expenditures for most government functions. Operations in the
General Fund provide basic services such as Administration, Police Services, Fire Services, Public Works,
Community Services, Development Services, and Engineering. Included for each operational area is an
organizational chart, program description, goals and objectives, personnel summary, and an expenditure
summary.
57
Fiscal Year Days Over Minimum Reserve Value of Each Day
2014-2015 77 45,432$
2019-2020 82 80,943$
2020-2021 121 96,068$
2021-2022 34 128,549$
2022-2023 23 121,870$
General Fund
Fund Balance
The Town Charter proposes a legal restriction on a Contingent Reserve of the General Fund in the amount of twenty
percent (20%).It is the goal of the Town to achieve and maintain an unassigned fund balance in the General Fund
equal to five percent (5%)of budgeted expenditures for unanticipated expenditures,unforeseen revenue
fluctuations,or other adverse circumstances.This percent was revised to one percent (1%)for FY 2022-2023 and
future years. This amount is in addition to the twenty percent (20%)restricted fund balance amount required by
the Town Charter.In FY 2022-2023,Council approved one-time capital expenditures by utilizing a strong
unrestricted fund balance.This helped fund roads and equipment versus issuing debt,while still maintaining the
required reserves per charter and policy.
$-
$5,000,000
$10,000,000
$15,000,000
$20,000,000
$25,000,000
2018-2019
Actual
2019-2020
Actual
2020-2021
Actual
2021-2022
Projected
2021-2022
Budget
Unrestricted Contingency per Charter 5% Reserve Over Minimum Reserve
58
Revenue Category FY 2023 Adopted % of Total
Property Tax 23,519,547 49.5%
Sales Tax 10,220,208 21.5%
Franchise Fees 2,404,527 5.1%
License, Fees & Permits 6,325,530 13.3%
Charges for Services 1,240,962 2.6%
Fines & Warrants 250,425 0.5%
Grants 1,525,000 3.2%
Investment Income 150,000 0.3%
Transfers In 1,235,335 2.6%
Miscellaneous 124,475 0.3%
Park Fees 509,300 1.1%
Revenue Total $47,505,309 100.0%
Other $509,300
General Fund Revenues
By Source
Property Tax
49.5%
Sales Tax
21.5%
Franchise Fees
5.1%
License, Fees &
Permits
13.3%
Charges for Services
2.6%
Fines & Warrants
0.5%
Grants
3.2%
Investment Income
0.3%Transfers In
2.6%Miscellaneous
0.3%Park Fees
1.1%
59
Department FY 2023 Adopted % of Total
Administration 9,341,007 18.0%
Police Services 6,635,120 12.8%
Fire Services 9,990,721 19.3%
Public Works 4,136,738 8.0%
Community Services 7,174,446 13.8%
Development Services 4,173,570 8.1%
Engineering 2,601,325 5.0%
Dedicated Capital 7,780,485 15.0%
Expense Total $51,833,412 100.0%
General Fund Appropriations
By Department
FY 2022 Adopted $41,142,021
Administration
18.0%
Police Services
12.8%
Fire Services
19.3%Public Works
8.0%
Community
Services
13.8%
Development
Services
8.1%
Engineering
5.0%
Dedicated Capital
15.0%
Administration
17.6%
Police Services
15.8%
Fire Services
21.2%
Public Works
9.0%
Community
Services
16.0%
Development
Services
10.2%
Engineering
10.2%
60
FUND BALANCE AND RESERVE POSITIONING
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
RECURRING REVENUES
Property Tax 18,547,273 19,320,044 19,320,044 23,519,547 26,986,729 30,999,738 35,612,404 39,857,253
Sales Tax 8,313,558 9,226,963 9,551,400 10,220,208 10,933,323 11,690,203 12,500,065 13,366,617
Franchise Fees 1,961,513 2,289,984 2,289,984 2,404,527 2,495,315 2,542,057 2,590,136 2,639,590
License, Fees & Permits 8,136,056 5,708,005 6,309,505 6,325,530 5,749,198 5,751,148 5,758,157 4,660,225
Charges for Services 1,190,042 915,324 1,016,424 1,240,962 1,297,600 1,361,200 1,427,965 1,498,053
Fines & Warrants 280,198 250,425 250,425 250,425 257,938 257,938 257,938 257,938
Investment Income 112,300 90,000 90,000 150,000 154,500 159,135 163,909 168,826
Transfers In 1,071,820 1,100,514 1,100,514 1,235,335 1,272,395 1,310,567 1,349,884 1,390,380
Miscellaneous 178,740 223,889 228,889 124,475 93,900 91,510 91,520 91,530
Park Fees 436,412 520,750 531,810 509,300 522,650 542,163 567,796 594,710
TOTAL RECURRING REVENUES 40,227,913$ 39,645,898$ 40,688,995$ 45,980,309$ 49,763,547$ 54,705,659$ 60,319,773$ 64,525,124$
RECURRING EXPENDITURES
Administration 5,528,880 7,392,271 7,176,516 8,939,474 9,386,448 10,006,448 15,481,791 16,372,791
Police Services 4,515,389 6,142,886 5,519,628 6,304,032 6,619,234 7,242,988 7,937,624 8,711,670
Fire Services 6,741,541 7,506,346 7,147,766 9,779,961 10,268,959 11,097,653 12,015,089 13,031,767
Public Works 2,577,180 4,063,943 4,107,494 4,096,743 4,301,580 4,534,753 4,787,696 5,062,593
Community Services 4,381,011 4,873,300 4,740,948 5,484,524 5,758,750 6,287,273 6,875,304 7,529,983
Development Services 2,292,545 3,866,655 3,865,847 3,627,030 3,808,382 4,200,300 4,638,045 5,127,174
Engineering 1,781,706 2,357,139 2,151,154 2,391,325 2,510,891 2,720,713 2,953,332 3,211,456
Transfer to Dedicated Capital Fund - - - 3,250,000 3,250,000 3,250,000 3,250,000 3,250,000
New Police Positions - - - - 412,794 463,443 520,308 584,150
New Fire Positions - - - - 505,462 567,482 637,112 715,285
All other Town Departments - - - - 1,175,198 1,319,395 1,481,285 1,663,038
TOTAL RECURRING EXPENDITURES 27,818,252$ 36,202,540$ 34,709,353$ 43,873,089$ 47,997,697$ 51,690,448$ 60,577,586$ 65,259,908$
NET RECURRING FUNDS 12,409,661$ 3,443,358$ 5,979,642$ 2,107,220$ 1,765,850$ 3,015,211$ (257,813)$ (734,784)$
NON-RECURRING "ONE-TIME" REVENUES
Grants 676,169 212,645 346,530 1,525,000 - - - -
Miscellaneous - 150,000 150,000 - - - - -
TOTAL NON-RECURRING "ONE-TIME" REVENUES 676,169$ 362,645$ 496,530$ 1,525,000$ -$ -$ -$ -$
NON-RECURRING "ONE-TIME" EXPENDITURES
One-Time Expenditures 6,766,360 10,075,051 10,402,533 3,429,838 450,330 505,885 567,651 637,143
Transfer to Dedicated Capital Fund - - - 4,530,485 - - - -
TOTAL NON-RECURRING "ONE-TIME"EXPENDITURES 6,766,360$ 10,075,051$ 10,402,533$ 7,960,323$ 450,330$ 505,885$ 567,651$ 637,143$
NET NON-RECURRING "ONE-TIME" FUNDS (6,090,191)$ (9,712,406)$ (9,906,003)$ (6,435,323)$ (450,330)$ (505,885)$ (567,651)$ (637,143)$
NET CHANGE IN FUND BALANCE 6,319,470$ (6,269,048)$ (3,926,361)$ (4,328,103)$ 1,315,520$ 2,509,327$ (825,465)$ (1,371,927)$
BEGINNING FUND BALANCE 13,923,232$ 20,242,702$ 20,242,702$ 16,316,341$ 11,988,238$ 13,303,759$ 15,813,086$ 14,987,621$
ENDING FUND BALANCE 20,242,702$ 13,973,654$ 16,316,341$ 11,988,238$ 13,303,759$ 15,813,086$ 14,987,621$ 13,615,694$
BALANCE OF UNRESTRICTED FUNDS 20,242,702$ 13,973,654$ 16,316,341$ 11,988,238$ 13,303,759$ 15,813,086$ 14,987,621$ 13,615,694$
Less: Contingency per Charter 6,916,922 7,240,508 6,941,871 9,195,524 9,364,500 10,074,211 11,819,260 12,719,374
5% Reserve 1,729,231 2,313,880 2,255,594 - - - - -
1% Reserve - - - 518,334 484,480 521,963 611,452 658,971
AMOUNT OVER (UNDER) MINIMUM RESERVE TARGET 11,596,549$ 4,419,266$ 7,118,876$ 2,792,714$ 3,939,259$ 5,738,875$ 3,168,361$ 896,320$
% AMOUNT OVER MINIMUM RESERVE TARGET 34%10%16%5%8%11%5%1%
AMOUNT OVER (UNDER) IN DAYS OPERATING COST 121 34 74 23 30 40 19 5
General Fund Summary
61
General Fund Overview
General Fund
Administration
Town Manager's
Office
Town Secretary's
Office
Finance
Human
Resources
Information
Technology
Communications
Municipal
Court
Non‐
Departmental
Police Services
Operations
9‐1‐1
Communications
Fire Services
Operations
Marshal
Public Works
Streets
Facilities
Management
Community
Services
Park
Administration
Park
Operations
Park
Recreation
Library
Development
Services
Building
Inspections
Code
Compliance
Planning
Engineering
Engineering
62
DEPARTMENT:DIVISION:
Administration Town Manager's Office
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Commercial taxable value as a percentage of total taxable value 16.4%15.9%14.6%
Percentage change in taxable commercial property values 26.0%14.2%12.5%
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Certified Tax Roll - percentage change from prior year 9.3%18.2%21.8%
New property value as a percentage of taxable value growth 91.9%56.2%50.6%
Full-time staff turnover as a percentage of total workforce 13.4%15.0%15.0%
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Town Manager’s office oversees all community functions and services by directing,motivating,and providing leadership to the
various departments of the Town. The Town Manager provides administrative guidance to the Town Council and is responsible for the
administration of all affairs of the Town with only those exceptions specified in the Town Charter.The Town Manager and Executive
Team serve as liaisons between the Town Council, residents, and staff, in order to:
• Better serve our community by providing exceptional customer service and promoting lasting success
• Communicate and accomplish Town Council policies and initiatives
• Cultivate a strong and dynamic future for Prosper
GOALS AND OBJECTIVES
Town Council Goal - Investment in Prosper's Future
• Continue to work with broadband and wireless providers to expand Town internet and cellular phone service.
• Implement 2020 Bond Election projects for which debt has been issued.
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• Oversee budget development and administer the annual budget adopted by Town Council.
• Submit for Budget Excellence Award and Popular Annual Financial Reporting Award.
• Continue the multi-year budget planning process within state mandated tax limitations.
63
DEPARTMENT:DIVISION:
Administration Town Manager's Office
TOWN OF PROSPER
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 575,096 897,667$ $ 644,198
Operations 140,815 164,985 162,945
Transfers - - -
VERF Charges for Services 259 265 66
TOTAL $ 716,170 $ 1,062,917 $ 807,209
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Executive Director of Administrative Services 1.00 1.00 1.00
Town Manager 1.00 1.00 1.00
TOTAL 2.00 2.00 2.00
Town Manager
Executive Director of
Development and
Infrastructure Services
Fire Chief Police Chief Executive Director
of Community
Services
Executive Director
of Administrative
Services
64
DEPARTMENT:DIVISION:
Administration Town Secretary's Office
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Board and Commission Applications Processed 59 69 45
Registered Voters 19,574 21,629 23,684
Public Information Requests (PIRs) processed 300 218 350
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Meeting notices and other public notices posted on Town bulletin board and
website in accordance with Open Meetings Act
100%100%100%
Voter turnout in Town of Prosper General Election 12.9%19.3%15.0%
Registered voters as a percentage of population 63%70%75%
Responses to PIR's within 10 business days 100%100%100%
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Town Secretary is responsible for administrative support for the Mayor and Town Council,the posting of meeting notices in
accordance with the Open Meetings Act,the final preparation and posting of the Town Council Meeting Packet,administration of
elections,and responding to Public Information Requests in accordance with the Public Information Act.The Town Secretary oversees
the town-wide records management program,coordinates the storage and disposition of inactive Town records, provides support and
training to Town staff on records management procedures,and serves as custodian of the Town's historical records.The Town Secretary
reports to the Executive Director of Community Services.Support staff includes a part-time Records Coordinator and a Senior
Administrative Assistant, who also supports the Town Manager's Office and the Executive Director of Community Services.
GOALS AND OBJECTIVES
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• Provide professional, timely, and courteous administrative support to the Town Council.
• Respond promptly to requests for documents, ensuring that internal and external customers receive information
in a timely manner.
• Publish legal notices to satisfy state law and inform the public through print media.
• Post meeting notices and other legally-required public notices in accordance with the Open Meetings Act, the
Election Code, and state law.
• Maintain official Town records in accordance with the Public Information Act and the Texas State Library guidelines
for records management.
• Continue professional development and networking opportunities through appropriate professional
organizations.
• Establish and maintain positive relationships with elected officials, Town staff, and the public.
• Provide outstanding customer service to the public and to Town of Prosper staff.
• Coordinate all aspects of Town elections, including managing contracts through Collin and Denton Counties for
election services.
65
DEPARTMENT:DIVISION:
Administration Town Secretary's Office
TOWN OF PROSPER
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 189,568 219,371$ $ 253,482
Operations 196,035 256,110 234,210
Transfers - - -
VERF Charges for Services - - -
TOTAL $ 385,603 $ 475,481 $ 487,692
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Town Secretary 1.00 1.00 1.00
Records Coordinator (Part-Time)0.50 0.50 0.50
Executive Assistant 1.00 1.00 1.00
TOTAL 2.50 2.50 2.50
Town Secretary
Records Coordinator
(Part-Time)
Executive Assistant
66
DEPARTMENT:DIVISION:
Administration Finance
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Invoices processed 6,478 6,927 7,376
Accounts Payable payments processed 3,874 4,109 4,344
Journal entries processed 3,438 3,392 3,484
Payroll payments processed 7,316 7,850 8,384
Purchase orders/change orders issued 403 409 415
Bids/Contracts processed 71 66 66
P-card Transactions 3,822 4,514 5,206
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Invoices paid within 30 days 82%83%84%
Vendors on ACH/Wire payments 17%20%23%
Procurements distributed/processed in the eProcurement system 30%33%35%
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Finance Department is responsible for all fiscal transactions and preparation of financial reports.The department is also responsible
for development of the Town's annual operating budget as well as cash management, purchasing, revenue collection,debt management,
payment disbursements and investment of Town funds. An external auditor prepares an annual audit of Town funds to ensure the proper
and ethical accounting of public funds.The Payroll function also resides under the Finance Division umbrella and is responsible for the
timely and accurate payment of all Town employees.
GOALS AND OBJECTIVES
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• Continue to maintain our current bond credit rating, Moody's Aa1 and S&P AA+.
• Receive the Certificate of Achievement from GFOA for the Annual Comprehensive Financial Report.
• Maximize use of e-procurement system.
• Receive the annual Achievement of Excellence in Procurement Award.
67
DEPARTMENT:DIVISION:
Administration Finance
TOWN OF PROSPER
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 699,807 898,105$ $ 1,297,115
Operations 334,522 490,164 1,416,223
Transfers - - -
VERF Charges for Services 142 - -
TOTAL $ 1,034,471 $ 1,388,269 $ 2,713,338
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Accounting Manager 1.00 1.00 1.00
Accounts Payable Specialist 1.00 1.00 1.00
Assistant Finance Director 0.00 1.00 1.00
Assistant Purchasing Manager 0.00 1.00 1.00
Buyer 1.00 0.00 1.00
Finance Director 1.00 1.00 1.00
Grants Administrator 1.00 1.00 1.00
Payroll Administrator 1.00 1.00 1.00
Purchasing Manager 1.00 1.00 1.00
Senior Accountant 1.00 1.00 2.00
TOTAL 8.00 9.00 11.00
Finance
Director
Assistant Finance
Director
Accounting
Manager
Senior
Accountant (2)
Accounts
Payable
Specialist
Payroll
Administrator
Purchasing
Manager
Assistant
Purchasing
Manager
Buyer
Grants
Administrator
68
DEPARTMENT:DIVISION:
Administration Human Resources
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Number of employees hired 62 100 100
Terminations 38 53 50
Applications processed 2,467 3,393 3,500
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Full-Time turnover 13.38%17.04%15.00%
Time to hire (days)99.6 67.2 63.3
Employee participation in wellness benefits 53% (122)54% (135)54% (140)
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 371,175 484,519$ $ 526,891
Operations 74,977 141,406 128,306
Transfers - - -
VERF Charges for Services 1,660 454 354
TOTAL $ 447,812 $ 626,379 $ 655,551
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Human Resources department is responsible for hiring great talent to support the goals of the Town. The HR Department manages
various elements of each employee's work experience including:training and development; benefits administration; compensation
processes;performance appraisals;disciplinary processes;and worker's compensation and property liability issues.The HR department
supports an atmosphere in which employees are rewarded and recognized for their contributions.The department strives to provide
services based on the evolving needs of employees and the Town.
GOALS AND OBJECTIVES
Town Council Goal - Investment in Prosper's Future
• To maintain a quality workforce through effective recruitment and retention efforts.
• To support positive Town culture through delivering HR services in a timely manner and which meet the needs of
employees.
• To facilitate leader and employee development through providing educational tools, resources, and training to
support employee growth.
69
DEPARTMENT:DIVISION:
Administration Human Resources
TOWN OF PROSPER
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
HR Director 1.00 1.00 1.00
HR Generalist 1.00 2.00 2.00
HR Specialist 1.00 1.00 1.00
Payroll Specialist (Part-Time)0.50 0.50 0.50
TOTAL 3.50 4.50 4.50
HR Director
HR Generalist
-Benefits
PT Payroll Specialist
HR Generalist
-Employment
HR Specialist
70
DEPARTMENT:DIVISION:
Administration Information Technology
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Average help desk tickets opened per month 177 177 220
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Average help desk tickets closed per month 85%85%75%
I.T. Systems availability (uptime)99%99%99%
Public Web map average daily views 28.12 28.12 30.00
Internal Web map average daily views No data No data 15.1
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Information Technology Department supports key systems for all Town departments including critical public safety operations as
well as directing, planning, supporting,and coordinating all activities related to the acquisition, installation,maintenance,and
administration of the Town's technical infrastructure,information, location intelligence and analytics,telephone, network,and records
management resources and systems.
GOALS AND OBJECTIVES
Town Council Goal - Investment in Prosper's Future
• Integrate the Capital Improvement Program (CIP) into the GIS.
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• Manage the Tyler software migration project and help to ensure project success.
• Complete migration of department and user folders to SharePoint / OneDrive
• Complete migration to cloud fax service and cancel all POTS phone lines
• Establish SLA thresholds for Help Desk and GIS services
• Produce/update COOP, Disaster Recovery Plans, and Incident Response Plans.
• Assist PD with smart / data-driven policing initiatives
• Provide field staff capability to Utilize GIS or Cityworks for all documentable activities not currently covered by third party software.
• Add all assets into GIS or Cityworks.
• Developer Portal for sensitive GIS data.
71
DEPARTMENT:DIVISION:
Administration Information Technology
TOWN OF PROSPER
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 567,344 822,357$ $ 1,071,062
Operations 632,008 841,449 1,183,721
Capital - 50,689 -
Transfers - - -
VERF Charges for Services 31,188 57,030 31,940
TOTAL $ 1,230,540 $ 1,771,525 $ 2,286,723
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Administrative Assistant (Part-Time)0.50 0.50 0.50
GIS Analyst 1.00 1.00 2.00
Infrastructure and Support Manager 0.00 1.00 1.00
Help Desk Supervisor 1.00 0.00 0.00
Help Desk Technician 2.00 3.00 3.00
Director of Information Technology 1.00 1.00 1.00
Senior GIS Analyst 1.00 1.00 1.00
Systems Engineer 1.00 0.00 0.00
Technical Project Manager/Business Systems Analyst 0.00 1.00 1.00
TOTAL 7.50 8.50 9.50
Director of
Information
Technology
GIS Senior Analyst
GIS Analyst (2)
Infrastructure and
Support Manager
Help Desk
Technician (PS)
Help Desk
Technician (2)
Technical Project
Manager / Business
Analyst
Administrative
Assistant (Part-
Time)
72
DEPARTMENT:DIVISION:
Administration Communications & Community Engagement
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Social Media posts 4,115 3,036 3,340
Communication Help Tickets Submitted and Resolved 527 566 623
Videos Published 384 198 218
Publications Created 27 25 27
Resident Update Subscribers 4,431 3,568 3,925
MyProsper Mobile App Service Requests Submitted 136 205 226
MyProsper Mobile App Downloads 2,173 3,193 3,897
Community Engagement Opportunities 34 78 84
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Mobile App Total Downloads as a Percentage of Population 7%9%10%
Resident Update Subscribers as a Percentage of Population -10%10%
MyProsper Mobile App Requests - Average Number of Days to Close 6 6 5
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Communications & Community Engagement Division (CCE) provides the highest quality of service to Town residents and the community, as
well as Town departments and programs by producing and sharing information across multiple communication channels. The Division's goal is
to build trust in the community by providing accurate, reliable, and timely information to ensure residents of Prosper are fully informed about
their municipal government, and are engaged with their community through a variety of programs. The Communications & Community
Engagement Division is responsible for managing the Town's internal and external communication strategies using multiple communication
methods including press releases, newsletters, social media, video content, the Town website, printed and digital materials, and community
engagement activities to ensure residents and the public are well-informed about Town programs, services and activities. The Communications
& Community Engagement Division reports to the Executive Director of Community Services, and is comprised of a Communications Manager,
Senior Communications Specialist, a part-time Community Engagement Specialist, and a part-time Digital Media Specialist.
GOALS AND OBJECTIVES
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• External Communication: Provide relevant, accurate, and timely communication to residents and stakeholders using a multi-channel
communication approach
• Internal Communication: Develop effective internal communication tools for Town Council and staff
• Crisis Communication: Ensure residents are informed and the Town's organizational stability is protected during emergencies •Community
Engagement: Cultivate and encourage community engagement in local government programs and activities by fostering opportunities for
residents and stakeholders to feel connected and involved
• Legislative Advocacy: Develop strategies to engage local, state, and federal elected officials in order to convey the Town's legislative priorities
and influence the legislative process
73
DEPARTMENT:DIVISION:
Administration Communications & Community Engagement
TOWN OF PROSPER
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 287,999 421,833$ $ 520,782
Operations 48,459 127,878 109,276
Transfers - - -
VERF Charges for Services - - 46
TOTAL $ 336,458 $ 549,711 $ 630,058
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Executive Director of Community Services 1.00 1.00 1.00
Communications Manager 1.00 1.00 1.00
Senior Communications Specialist 0.00 1.00 1.00
Digital Media Specialist (Part-Time)0.00 0.00 0.50
Community Engagement Specialist (Part-Time)0.50 0.50 0.50
Administrative Assistant 0.00 1.00 1.00
TOTAL 2.50 4.50 5.00
Executive Director
of Community
Services
Administrative
Assistant
Communications
Manager
Senior
Communications
Specialist
Digital Media
Specialist (PT)
Community
Engagement
Specialist
(Part-Time)
74
DEPARTMENT:DIVISION:
Administration Municipal Court
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Cases Filed (citations, citizen complaints, incident reports)1,901 2,102 2,850
Warrants Issued (arrests and Capias pro fine)457 357 600
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Cases Closed (citations, citizen complaints, incident reports)2,584 2,417 2,900
Warrants Closed/Cleared (arrests and Capias pro fine)461 313 450
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 307,258 356,026$ $ 403,566
Operations 100,639 155,632 149,611
Capital - - -
Transfers - - -
VERF Charges for Services 513 148 -
TOTAL $ 408,410 $ 511,806 $ 553,177
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Municipal Court processes criminal class C misdemeanors filed by the Prosper Police Department and citizens either by citation,
incident report,or citizen complaint.Civil matters such as property hearings to determine ownership of recovered stolen property are
also handled by the Court.The Court is responsible for ensuring that all persons with matters before the judge are treated professionally,
courteously,and most importantly, fairly.The Court staff is available to assist customers by providing quality, ethical,efficient,and
effective information and communication related to court procedures, hearings and/or trials.The Court is a legal forum used to protect
the legal rights of defendants and victims by following the laws of the United States,the State of Texas,and laws implemented by the
Town of Prosper.
GOALS AND OBJECTIVES
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• Timely file, disposition and dispose of matters pending before the court.
• Responsible for accurate revenue collection and reporting.
• Efficient record management and activity reporting to a number of state agencies.
• Handling and processing delinquent cases for warrant and collections.
75
DEPARTMENT:DIVISION:
Administration Municipal Court
TOWN OF PROSPER
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Bailiff (Part-Time)*0.50 0.00 0.00
Court Administrator 1.00 1.00 1.00
Court Clerk 1.00 2.00 2.00
Court Supervisor 1.00 1.00 1.00
Marshal (Part-Time)0.50 0.50 0.50
TOTAL 4.00 4.50 4.50
*This position is funded in the Court Security Fund
Finance Director
Court Administrator
Court Supervisor
Court Clerk
(2)
Marshal
(Part-Time)
76
DEPARTMENT:DIVISION:
Administration Non-Departmental
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel/(Projected Fund Salary Savings) $ - 19,306$ $ (212,358)
Operations 1,218,070 1,136,827 1,505,571
Capital 704,369 227,002 -
Transfers - 960,030 -
VERF Charges for Services 2,468 2,869 -
TOTAL $ 1,924,907 $ 2,346,034 $ 1,293,213
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Non-Departmental budget supports the Town's property insurance and estimated 380 agreements. Projected salary savings for the
General Fund are also accounted for in this division.
77
DEPARTMENT:DIVISION:
POLICE OPERATIONS
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Calls for service (Police Dept. calls only)*22,247 18,704 4,637
Citizen initiated calls *11,106 10,276 2,326
Officer initiated calls *11,141 8,428 2,311
Criminal investigations (reported/investigated)**886 1,493 449
Felony arrests **77 89 41
Misdemeanor arrests **78 233 80
Motor vehicle accidents-with injury *381 436 178
Motor vehicle accidents-without injury *584 807 238
Citations *5,030 2,247 647
* Impacted by COVID-19
**Impacted by COVID-19 & Winter 2021 freeze
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Prosper Police Department provides community policing for Prosper residents, businesses,organizations and visitors. Our mission is
to effectively and efficiently provide for the protection of lives and property, preserve the public peace and provide community service
with the highest level of professionalism and ethical standards: "Courtesy - Service - Protection".The Department provides 24-hour law
enforcement and emergency communication services to a rapidly growing population, which spans over 27 square miles.
Under the leadership of Chief Doug Kowalski,the Department continues to be an accredited agency with the Texas Police Chiefs
Association Best Practices Program and adheres to the Best Practices in Law Enforcement.
GOALS AND OBJECTIVES
Town Council Goal - Premier residential community
Town Council Goal - Investment in Prosper's future
Town Council Goal - Financially responsible Town government providing exceptional municipal services
•Character: We are committed to continual adherence to the Law Enforcement Code of Ethics, always doing what is right and to do our
best.
•Competence: We will adhere to all educational requirements as required by law, continually honing our knowledge, skills and abilities.
•Compassion: We will treat all people with dignity and respect; treating others the way we would like to be treated.
•Courage: We are committed to operate with the attitude of willingness and with the ability to make decisions under extreme
conditions.
•Commitment: We will persist, persevere and serve with determination, providing our community with safety and security. We are
committed to excellence.
78
DEPARTMENT:DIVISION:
POLICE OPERATIONS
TOWN OF PROSPER
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Response time (minutes)5:49 6:05 6:45
Total Part 1 Crimes 364 465 103
Violent crimes 120 120 27
Property crimes 244 345 76
Total Part 1 Crimes per capita 1,000 11.70 13.23 -
Violent crimes per capita 1,000 3.86 3.41 -
Property crimes per capita 1,000 7.85 9.82 -
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 4,831,415 6,846,656$ $ 6,828,177
Operations 621,593 866,220 1,024,366
Capital 188,749 595,947 196,298
Transfers 387,225 - -
VERF Charges for Services 183,712 221,526 255,045
TOTAL $ 6,212,694 $ 8,530,349 $ 8,303,886
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Administrative Assistant (Administration)1.00 1.00 1.00
Assistant Police Chief (Administration)1.00 1.00 1.00
Corporal (Patrol)4.00 4.00 4.00
Crime Analyst 0.00 0.00 1.00
Detective (CID)3.00 3.00 5.00
Lieutenant (4 Patrol, 1 CID, 1 Support Services)4.00 4.00 6.00
Police Chief (Administration)1.00 1.00 1.00
Police Officer* (Patrol)20.00 20.00 24.00
Police Officer (Patrol-Traffic Unit)2.00 2.00 2.00
Public Safety Officer (Support Services)2.00 2.00 2.00
Records Clerk (CID)2.00 2.00 2.00
Sergeant (CID)1.00 1.00 1.00
Sergeant (Patrol)4.00 4.00 4.00
TOTAL 45.00 45.00 54.00
*24 positions funded in the Crime Control and Prevention Special Purpose District
79
DEPARTMENT:DIVISION:
POLICE OPERATIONS
TOWN OF PROSPER
Police Chief
Asst. Police Chief
(Patrol Division)
Lieutenant
(4)
Sergeant
(4)
Corporal
(4)
Police Officer
(24)
Traffic Officer
(2)
Crime Analyst
Lieutenant
(Investigations
Division)
Sergeant
Detective
(5)
Case Manager/
Records Cood.
Records
Clerk
Lieutenant
(Support Services
Division)
9-1-1 Communications
Manager & personnel
under 9-1-1
Communications
budget
Public Safety Officer
(2)
Chaplains
Citizens on Patrol
Administrative
Assistant
80
DEPARTMENT:DIVISION:
POLICE 9-1-1 COMMUNICATIONS
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Calls for service 25,202 22,515 24,766
Total Telephone Calls 9-1-1/Non-Emergency calls 30,006 44,553 48,988
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Emergency Medical Dispatch Accuracy N/A N/A N/A
Answering all 9-1-1 Calls within 10 seconds 99%99%99%
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 854,972 988,043$ $ 1,155,792
Operations 108,990 148,837 153,669
Capital 20,634 - -
Transfers - - -
VERF Charges for Services 2,475 430 -
TOTAL $ 987,071 $ 1,137,310 $ 1,309,461
TOWN OF PROSPER
PROGRAM DESCRIPTION
The 9-1-1 Communications Center contributes to the safety and well-being of Prosper with efficient and professional communication
services.
GOALS AND OBJECTIVES
Town Council Goal - Premier residential community
Town Council Goal - Investment in Prosper's future
Town Council Goal - Financially responsible Town government providing exceptional municipal services
•Diligently and systematically gather information necessary to ensure a safe and effective response for the caller and first responders.
81
DEPARTMENT:DIVISION:
POLICE 9-1-1 COMMUNICATIONS
TOWN OF PROSPER
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Communications Manager 1.00 1.00 1.00
Communications Lead 2.00 2.00 4.00
Communications Supervisor 2.00 2.00 2.00
Communications Officer 8.00 8.00 8.00
TOTAL 13.00 13.00 15.00
Police Chief
Lieutenant
(Support Services
Division)
9-1-1 Communications
Manager
9-1-1 Communications
Supervisor
(2)
9-1-1 Communications
Lead
(4)
9-1-1
Communications
Officer
(8)
82
DEPARTMENT:DIVISION:
Fire Services Operations
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
ESTIMATE
2021-2022
TARGET
2022-2023
Calls for Service to Emergency Incidents 3,323 3,550 3,750
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
ESTIMATE
2021-2022
TARGET
2022-2023
Average Turnout Time 0:40 0:48 60
Average Response Time to Emergency Scene 6:02 6:03 4:00
EMS Chest Pain at Patient to 12-lead ECG 4:50 3:52 10:00
EMS Average Scene Time for Stroke Patients 15:19 15:07 20:00
EMS Average Scene Time for MI/STEMI Patients 16:57 12:53 20:00
Percent of Outdoor Warning Sirens Successfully Tested 100%100%100%
Percent of Minimum 20 Training Hours per Month per Member 100%100%100%
TOWN OF PROSPER
PROGRAM DESCRIPTION
The mission of the Prosper Fire Department is to be a model of a successful fire department focusing on the protection of life,property,
and the environment.
The Prosper Fire Department is a group of dedicated professionals working together through our commitment to service and excellence.
We dedicate ourselves to the safety of our community by providing the highest level of service possible.We strive for constant
improvement to better serve the community and each other.
GOALS AND OBJECTIVES
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• Protection of lives and property by providing a timely response to emergency incidents.
• Monitor and plan accordingly for the rapid growth while meeting the immediate needs and planning for the future
to maintain the highest level of excellence.
• Continue to meet and exceed community expectations.
• Achieve operational excellence by providing adequate deployment.
• Enhance core competencies and skills through advanced training.
• Continue our commitment to a culture that is built on excellence, honesty, integrity, values, respect, accountability,
and family.
• Ensure Fiscal Responsibility.
83
DEPARTMENT:DIVISION:
Fire Services Operations
TOWN OF PROSPER
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 4,987,973 5,576,745$ $ 7,441,929
Operations 1,035,360 943,355 1,260,618
Capital 271,186 223,021 84,260
Transfers 1,843,860 3,082,000 -
VERF Charges for Services 354,231 435,181 607,976
TOTAL $ 8,492,610 $ 10,260,302 $ 9,394,783
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Administrative Assistant 1.00 1.00 1.00
Assistant Fire Chief 1.00 1.00 1.00
Battalion Chief 3.00 3.00 3.00
Captain 6.00 6.00 9.00
Division Chief of EMS/Emergency Management 1.00 1.00 1.00
Division Chief of Training 0.00 1.00 1.00
Driver/Engineer 9.00 9.00 12.00
Emergency Management Coordinator 1.00 0.00 0.00
Fire Chief 1.00 1.00 1.00
Firefighter/Paramedic*24.00 33.00 42.00
Firefighter/Paramedic - Temporary Pool 15.00 0.00 0.00
Lieutenant 3.00 3.00 3.00
TOTAL 65.00 59.00 74.00
*23 positions funded in the Fire Control, Prevention and Emergency Services Special Purpose District
Fire Chief (1)
Assistant
Chief (1)
Division Chief
Training (1)
Battalion
Chief (3)
Captain (9)
Lieutenant (3)
Driver
Engineer (12)
Firefighter
Paramedic (42)
Division Chief
EMS/EMC (1)
Administrative
Assistant (1)
84
DEPARTMENT:DIVISION:
Fire Services Marshal
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Inspections 2,571 2,500 2,625
Fire Prevention, Total Students and Staff 5,570 7,700 8,000
Total Permits Issued 271 290 300
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Businesses inspected annually* 97%92%97%
*Decrease for 21/22 due to only 1 inspector for 2 months
Fire Prevention, Total Students and Staff 100%100%100%
Total Permits Issued 100%100%100%
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 433,174 482,258$ $ 536,961
Operations 35,963 47,642 48,942
Capital - - -
Transfers - - -
VERF Charges for Services 9,858 10,872 10,035
TOTAL $ 478,995 $ 540,772 $ 595,938
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Prosper Fire Marshals office exists to prevent and reduce the incidents of fire by increasing the awareness and knowledge of the
citizens of Prosper through fire prevention and life safety.
GOALS AND OBJECTIVES
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• Providing fire prevention services through public education programs and regular life safety inspections of
businesses and places of assembly.
• Providing fire investigative services to determine the origin and cause of fires.
• Enforcing fire and life safety codes through plan reviews for new construction, remodeling, and occupancy changes
in commercial buildings.
• Providing public education services emphasizing fire safety.
• Monitor and plan accordingly for the rapid growth while meeting the immediate needs and planning for the future
to maintain the highest level of excellence.
85
DEPARTMENT:DIVISION:
Fire Services Marshal
TOWN OF PROSPER
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Administrative Assistant 1.00 1.00 1.00
Deputy Fire Marshal 0.00 1.00 1.00
Fire Marshal 1.00 1.00 1.00
Fire Inspector/Investigator 2.00 1.00 1.00
TOTAL 4.00 4.00 4.00
Fire Chief
Fire Marshal
Deputy Fire
Marshal
Fire Inspector/
Investigator
Administrative
Assistant
86
DEPARTMENT:DIVISION:
Development Services Building Inspections
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Total permits issued 3,846 3,500 3,500
Single Family permits issued 1,402 1,020 800
Inspections performed 36,649 39,431 36,500
Plan reviews completed 5,087 4,832 4,800
TOWN OF PROSPER
PROGRAM DESCRIPTION
Building Inspections is a Division of the Department of Development Services.The Division provides professional services to ensure the
safety and welfare of the general public by enforcing building,electrical,plumbing and mechanical codes and ordinances within the
Town. The Division’s personnel conduct plan review prior to the issuance of a permit and on-site inspections to verify code compliance
throughout the construction process.
GOALS AND OBJECTIVES
Town of Prosper Goals for 2027:
•Premier Residential Community- a key component of premier residential community is compliance with our adopted building codes and
ordinances. Having a knowledgeable and well-trained staff to process permit applications, conduct plan reviews, and complete
inspections is paramount to our success. ICC certification/TSBPE licensing is used as a benchmark for staff competency with the goal of
having each staff member involved in a project being certified or licensed for their specific role. Additionally, the vast majority of
applicants for residential permits are repeat customers. Reducing the number of plan reviews that require a resubmittal, by properly
communicating our expectationss and requirements to the applicants, will reduce staff workload and overall permitting time. Reducing
permitting time will have the added benefit of reducing the overall project timeframe.
•Financially responsible Town Government Providing Exceptional Municipal Services- from our customer's point of view, be it developers,
builders, or residents, maintaining same-day inspection services and reducing overall time in plan review are essential components of
exceptional service. Overall time in permitting will be reduced if the need for multiple rounds are comments are reduced in plan review
through effective communication with our repeat applicants for residential permits.
•Investment in Prosper's Future- Each ICC certifcation or TSBPE license obtained by an employee represents a commitment by the
employee and the Town toward the Town's most valuable asset, it's people, and to the Town's future.
•Major Business Investment in Prosper and Successful Prosper Downtown Redevelopment- while tangential, having a knowledgeable
and well-trained staff (certification/licensing metric) that completes inspections daily and strives to reduce permitting time should
encourage business investment and redevelopment interest in Prosper relative to other municipalities in DFW.
87
DEPARTMENT:DIVISION:
Development Services Building Inspections
TOWN OF PROSPER
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
% of residential reviews that are re-reviews 34%38%30%
Ensure that all inspections are completed on a daily basis (no roll overs)100%100%100%
Have ICC certified or TSBPE licensed staff completing tasks at each step in
permitting process (inspections, plan review, and front-counter services)
data not
available 62%79%
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 1,322,195 1,716,013$ $ 2,204,180
Operations 1,013,123 1,513,857 494,394
Capital - 54,626 -
Transfers - - -
VERF Charges for Services 19,567 24,486 28,248
TOTAL $ 2,354,885 $ 3,308,982 $ 2,726,822
88
DEPARTMENT:DIVISION:
Development Services Building Inspections
TOWN OF PROSPER
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Administrative Assistant 1.00 0.00 0.00
Building Inspector 5.00 7.00 7.00
Building Official 1.00 1.00 1.00
Chief Building Inspector 1.00 1.00 1.00
Permit Technician 3.00 3.00 3.00
Permit Technician Manager 1.00 1.00 1.00
Plans Coordinator 1.00 1.00 1.00
Plans Examiner 3.00 2.00 3.00
Plans Examiner Manager 0.00 0.00 1.00
Project Coordinator/Specialist 0.00 1.00 0.00
Senior Adminstrative Assistant 0.00 0.00 1.00
Senior Building Inspector 2.00 2.00 2.00
Senior Plans Examiner 0.00 1.00 1.00
TOTAL 18.00 20.00 22.00
Director of
Development
Services
Building Official
Chief Building
Inspector
Senior Building
Inspector
Building
Inspector
Permit
Technician
Manager
Plans
Coordinator
Permit
Technician
Plans Examiner
Manager
Senior Plans
Examiner
Plans Examiner
Senior
Administrative
Assistant
89
DEPARTMENT:DIVISION:
Development Services Code Compliance
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Courtesy notices sent to property owners 976 1,000 1,040
Citations issued 28 55 60
Heath Inspections, including new and reinspection's 640 520 700
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Inspect all annual food establishments twice per year 100%90%100%
Respond to and investigate complaints within same day or within 24 hours 100%100%100%
Proactively notify all property owners along major and minor thoroughfares seeking
compliance of the high grass and weeds ordinance 100%90%100%
As part of the annual registration and inspection program, require
abatement/corrections of multifamily inspection issues within 15 days 100%100%100%
TOWN OF PROSPER
PROGRAM DESCRIPTION
Code Compliance is a division of the Department of Development Services and provides services to maintain and promote the health,safety,
welfare,and property values in Prosper.Staff strives to achieve voluntary compliance of the various land use and nuisance codes through
consistent education with all stakeholders. The Health component of the Division works with all food establishments, child care facilities,
schools,mobile food vendors and operators of public/semi-public pools,spas,and PIWF's to ensure the safety and cleanliness of the facilities.
Eliminating risk factors that contibute to food borne illness is the goal of performing regular health inspections.
GOALS AND OBJECTIVES
Town Council Goal - Premier Residential Community
• Education vs. Enforcement Balance
• Maintain an equitable, expeditious, and effective common sense approach of enforcing town codes and ordinances
• Continue to recommend modifications and enhancements to town codes and ordinances.
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• Maintain customer friendly and personal Town services.
• Continue Meet and Greet Initiative to welcome and hand deliver Certificate of Occupancy to new businesses.
• Continue to provide onsite food safety training and education during Health Inspections and Follow Ups.
• Create and promote the use of door hangers for High Weeds and Grass as an educational tool to increase awareness and voluntary
compliance.
90
DEPARTMENT:DIVISION:
Development Services Code Compliance
TOWN OF PROSPER
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 250,727 277,445$ $ 358,019
Operations 130,631 160,217 194,119
Capital - - 25,300
Transfers - - -
VERF Charges for Services 5,663 8,816 7,851
TOTAL $ 387,021 $ 446,478 $ 585,289
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Code Compliance Officer 1.00 1.00 1.00
Health and Code Compliance Officer 1.00 1.00 2.00
Health and Code Manager 0.00 1.00 1.00
Health/Code Supervisor 1.00 0.00 0.00
TOTAL 3.00 3.00 4.00
Director of
Development
Services
Health and Code
Manager
Code Compliance
Officer (2)
Health and Code
Compliance
Officer
91
DEPARTMENT:DIVISION:
Development Services Planning
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Development Cases 136 130 150
Zoning Cases 30 30 20
Number of pre-apps on future development 75 75 85
Number of incomplete submittals due to completness and quality review - 4 30
Number of redevelopment applications such as NEZ & DRRP 10 10 20
Number of amendments to the zoning & subdivision ordinances to keep up with
current trends 5 1 3
TOWN OF PROSPER
PROGRAM DESCRIPTION
Planning is a division of the Department of Development Services and provides professional expertise in the areas of planning, zoning,
land use and strategic decision-making to elected and appointed officials,Town management,citizens,and developers to ensure the
future quality of life in the Town of Prosper.Primary responsibilities of the Planning staff include implementing the Comprehensive Plan,
the Zoning Ordinance,and the Subdivision Ordinance to achieve the desired objectives of the Town. The division responds to
development-related requests,facilitates the development application process and is responsible for developing reports and
recommendations to the Town Council,the Planning and Zoning Commission,and the Board of Adjustment. These requests include
applications for Zoning changes, Subdivision Plats, Site Plans and Variances.
GOALS AND OBJECTIVES
Town Council Goal - Premier Residential Community
• Provide exceptional reviews on any new residential development.
• Preserve high value, large homes built on large lots.
• Have a strong working partnership with Prosper ISD.
Town Council Goal - Major Business Investment
• Develop the Dallas North Tollway corridor consistent with the Vision and Master Plan.
• Develop corridor linking the Dallas North Tollway corridor, Prosper Downtown and Blue Star Development.
• Maintain high-quality development consistent with Town’s standards and codes.
• Update Town's standards and codes to upkeep with current trends.
• Have beautiful new development creating/enhancing Prosper’s sense of place.
Town Council Goal - Successful Prosper Downtown Redevelopment
• Revitalize Prosper Downtown as a Small Town Downtown consistent with the Vision and Master Plan.
• Maintain high-quality development consistent with Town’s standards and codes.
• Encourage redevelopement with Downtown.
• Have beautiful new development creating/enhancing Prosper’s sense of place.
92
DEPARTMENT:DIVISION:
Development Services Planning
TOWN OF PROSPER
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Review completeness and quality applications within 48 hours of submittal. -90%100%
Review all 1st round of submittals within 7 days. -75%85%
Return pre-app meetings notes within a week. -50%75%
Place Development submittals on Planning and Zoning Commission agenda within
30 days of receipt of application -50%75%
Place Zoning submittals on Planning and Zoning Commission agenda within 60 days
of receipt of application -35%50%
Return phones calls/emails within 24 hours -75%90%
Continuing education/training for staff development to provide enhanced services
to other departments/public.-25%75%
93
DEPARTMENT:DIVISION:
Development Services Planning
TOWN OF PROSPER
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel 601,246$ 590,829$ $ 726,144
Operations 235,901 241,042 133,995
Capital - - -
Transfers - - -
VERF Charges for Services 1,008 1,516 1,320
TOTAL $ 838,155 $ 833,387 $ 861,459
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Business Systems Specialist 0.00 1.00 1.00
Director of Development Services 1.00 1.00 1.00
Planning/GIS Analyst 1.00 0.00 0.00
Planning Manager 1.00 1.00 1.00
Planning Technician 1.00 1.00 1.00
Senior Planner 1.00 1.00 1.00
Planner 0.00 0.00 1.00
TOTAL 5.00 5.00 6.00
Director of
Development
Services
Planning
Manager
Senior Planner
Planner
Planning
Technician
Business System
Specialist
94
DEPARTMENT:DIVISION:
Public Works Streets
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Number of Work Orders 730 635 750
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Repair street signs & regulatory signage within four hours of initial contact 100%100%100%
Respond to icy road conditions within two hours 100%100%100%
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 624,840 824,214$ 922,024$
Operations 1,250,745 2,775,583 2,127,567
Capital 56,402 107,001 -
Transfers 170,717 - -
VERF Charges for Services 33,543 43,551 62,856
TOTAL $ 2,136,247 $ 3,750,349 $ 3,112,447
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Streets Division is responsible for the repair and maintenance of streets,sidewalks,alleys,and signage.The Division rebuilds asphalt
streets,makes minor street and alley repairs, builds and repairs sections of sidewalk and curbs, sweeps streets,and sands driving
surfaces during icy weather.The Streets Division also provides the electrical expenditures associated with providing street lights within
Town limits.
GOALS AND OBJECTIVES
Town Council Goal - Investment in Prosper's Future
• By upgrading and expanding roads; protecting the Prosper community interests by being a strong advocate with TxDOT, counties,
NCTCOG and other agencies; enhancing traffic flow and reducing traffic congestion; and having well-designed, well-built and well-
maintained neighborhood infrastructure. Maintian existing infrastructure by providing safe sidewalks, and walkways for pedestrians,
repairing streets failures, and providing necessary traffic control signs and markings.
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• By having and retaining a "top quality" Town workforce with competitive compensation; having a Town organizational culture that
values innovation, productivity, responsibility, and accountability and empowers managers and employees; and providing exceptional
Town services responsive to the needs of our Prosper community and our residents. Privide and manage traffic during special events and
provide public services messages. Ensure proper operation of school zone flashers aand speed boards by maintenace and repair.
95
DEPARTMENT:DIVISION:
Public Works Streets
TOWN OF PROSPER
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Crew Leader 2.00 2.00 2.00
Heavy Equipment Operator 2.00 2.00 2.00
Utility Worker 2.00 2.00 3.00
Signal/Sign Supervisor 0.00 1.00 1.00
Signal/Sign Technician Crew Leader 1.00 1.00 1.00
Street Superintendent 1.00 1.00 1.00
Street Supervisor 0.00 1.00 1.00
TOTAL 8.00 10.00 11.00
Director of
Public Works
Street
Superintendent
Signal/Sign
Supervisor
Signal/Sign
Technician Crew
Leader
Street Supervisor
Crew Leader
(2)
Heavy
Equipment
Operator
(2)
Utility Worker
(3)
96
DEPARTMENT:DIVISION:
Public Works Facilities Management
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ - -$ $ 114,040
Operations 658,683 580,851 876,096
Capital - - 34,155
Transfers - - -
TOTAL $ 658,683 $ 580,851 $ 1,024,291
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Facilities Manager 0.00 0.00 1.00
TOTAL 0.00 0.00 1.00
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Facilities Management Division was established in Fiscal Year 2017-2018 to consolidate all facility maintenance functions into one
central budget for the new Town Hall facility.The new Public Safety and Dispatch facility was added in Fiscal Year 2020-2021.In order to
adequately maintain the facilities and related mechanical systems,the Town has contracted with a facilities management company to
oversee the following: custodial services,pest control services,coffee and vending services,deep floor cleaning and polishing,power
washing of balconies and parking lots, window washing,HVAC maintenance, generator maintenance,elevator maintenance,fire
extinguisher inspection/maintenance,fire suppression system maintenance,and annual roof inspection services.The FY2023 budget
include a new personnel request for the division, the Facilities Manager.
Executive Director of Development and
Infrastructure Services
Facilities Manager
97
DEPARTMENT:DIVISION:
Community Services Park Administration
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Provide adequate park land to meet Towns existing and future needs
(Master Plan LOS 11.25-20.5 acres per 1,000 population)14 17 16
Review of private development Landscape Plans and Tree Preservation plans 760 840 810
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Total acres of park land within the Town both developed and undeveloped 493 655 685
Total miles of Town owned trails 42 46 49
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 511,667 661,423$ $ 697,107
Operations 151,779 395,561 427,083
Capital - - 1,530,000
Transfers 568,252 1,545,000 -
VERF Charges for Services 3,657 3,620 3,774
TOTAL $ 1,235,355 $ 2,605,604 $ 2,657,964
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Park Administration Division oversees and administers all of the Parks and Recreation departmental activities.The division is also
responsible for marketing of the department, programs,activities and special events. They also manage the planning and construction of
parks and trails. The division reviews the landscape, irrigation and tree preservation plans to ensure compliance with Town ordinances.
GOALS AND OBJECTIVES
Town Council Goal - Premier Residential Community
• Provide long range planning as well as implementation of the Parks and Recreation Master Plan to meet the parks,
trails, and facility needs of the Towns residents.
Town Council Goal - Investment in Prosper's Future
• Provide park design and construction of parks that meets the needs of the community as well as enhances the
value of the property surrounding the park.
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• Continue to pursue funding assistance and grants for park CIP projects.
• Work with the developing community and other organizations to develop our park system.
98
DEPARTMENT:DIVISION:
Community Services Park Administration
TOWN OF PROSPER
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Administrative Assistant 0.00 1.00 1.00
Assistant Director of Parks and Recreation 0.00 0.00 1.00
Director of Parks and Recreation 1.00 1.00 1.00
Marketing Coordinator 1.00 1.00 1.00
Park Planner 1.00 2.00 1.00
Park Planning Manager/Assistant Director 1.00 1.00 0.00
Senior Park Planner 0.00 0.00 1.00
TOTAL 4.00 6.00 6.00
Director of Parks
and Recreation
Marketing
Coordinator
Assistant
Director
Sr Park Planner
Park Planner
Administrative
Assistant
99
DEPARTMENT:DIVISION:
Community Services Park Operations
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Maintain and prepare game and practice facilities to meet the local sports league
needs for available space (number of participants)8,200 8,900 9,700
Acres of park land maintained 221 282 320
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Maintain playgrounds that meet the latest American Society for Testing and
Materials (ASTM) and Consumer Product Safety Commission (CPSC) guidelines 97%100%100%
Work with outside groups who perform service projects to minimize staff time or
provide additional items (Goal: 2 projects per year)2 2 2
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 1,438,546 1,723,061$ $ 1,810,132
Operations 1,159,870 1,471,250 1,322,234
Capital - 63,023 -
Transfers 17,837 - -
VERF Charges for Services 145,635 94,953 125,864
TOTAL $ 2,761,888 $ 3,352,287 $ 3,258,230
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Park Operations Division manages the maintenance of the Town's parks,medians,trails,and open spaces.The Division also prepares
sports fields for practices, games, tournaments and assists with special events.
GOALS AND OBJECTIVES
Town Council Goal - Premier Residential Community
• Continue to maintain the parks and medians at a very high level.
Town Council Goal - Investment in Prosper's Future
• Continue to provide training opportunities for staff to stay current with licenses and latest techniques for park and ball field
maintenance.
100
DEPARTMENT:DIVISION:
Community Services Park Operations
TOWN OF PROSPER
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Chemical Specialist 1.00 1.00 1.00
Chemical Technician 2.00 3.00 3.00
Crew Leader 2.00 2.00 2.00
Crew Leader/Shop Mechanic 0.00 1.00 1.00
Heavy Equipment Operator 3.00 4.00 4.00
Irrigation Specialist 1.00 1.00 1.00
Irrigation Technician 1.00 1.00 1.00
Maintenance Worker 9.00 9.00 9.00
Parks Superintendent 1.00 1.00 1.00
Parks Operations Supervisor 1.00 1.00 1.00
TOTAL 21.00 24.00 24.00
Director of Parks and
Recreation
Parks
Superintendent
Crew Leader
Maintenance
Worker
(4)
Irrigation
Specialist
Irrigation
Technician
Maintenance
Worker
(2)
Parks Supervisor
Chemical
Specialist
Chemical
Technician
(3)
Crew Leader
Maintenance
Worker
(2)
Crew Leader/Shop
Mechanic
Heavy Equipment
Operator
(4)
Maintenance
Worker
101
DEPARTMENT:DIVISION:
Community Services Park Recreation
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Recreation income*202,704$ 210,000$ 218,000$
Number of classes and programs offered throughout the year 80 97 102
Attendance of annual Town events (Cedarbrook partnered events not included) 2,500 7,500 9,500
Annual Pavilion rentals*98 102 105
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Percent of classes/programs that meet attendance requirement 88%90%92%
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 133,801 178,040$ $ 257,273
Operations 200,811 220,505 275,155
Transfers - - -
VERF Charges for Services - - -
TOTAL $ 334,612 $ 398,545 $ 532,428
*Due to Covid 19, staff was limited in the amount of entertainment that could be offered at the Celebrate Prosper Event. This led to lower attendance
numbers.
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Park Recreation Division provides programs,activities,and special events that meet the needs of the residents. They also manage
field and pavilion rentals, and assist sports groups in scheduling.
GOALS AND OBJECTIVES
Town Council Goal – Premier Residential Community
• Increase participation in programs and recreation opportunities.
• Offer indoor programming in Town Hall and the 407 Rec Center.
• Offer well attended community events, with new and original activities to increase participation.
• Enhance health and wellness of our community.
• Offer new opportunities for Active Adult programming.
Successful Prosper Downtown Redevelopment
• Offer Downtown community events to help increase foot traffic to the Downtown businesses
102
DEPARTMENT:DIVISION:
Community Services Park Recreation
TOWN OF PROSPER
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Recreation Specialist 1.00 1.00 1.00
Recreation Specialist - Events 0.00 1.00 1.00
Recreation Supervisor / Superintendent 1.00 1.00 1.00
TOTAL 2.00 3.00 3.00
Director of Parks
and Recreation
Recreation
Manager
Recreation
Specialist
Recreation
Specialist -Events
103
DEPARTMENT:DIVISION:
Community Services Library
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Library visits 25,957 35,582 40,000
Items circulated 104,000 82,699 110,000
Program attendance 9,453 8,731 12,000
Library card holders 7,791 9,264 11,000
Collection Size 28,435 30,357 33,000
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Library Card holders as a % of population 28%25%25%
Circulation per capita 3.35 2.33 2.50
Library visits per capita 0.83 1 0.9
Holdings per capita 0.91 0.85 0.80
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 441,604 505,894$ $ 606,337
Operations 76,248 105,557 118,678
Capital - - -
Transfers - - -
VERF Charges for Services 3,138 2,857 809
TOTAL $ 520,990 $ 614,308 $ 725,824
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Prosper Community Library is a primary resource for the Prosper area, and all citizens shall benefit from the highest-quality
resources for learning and enjoyment.Visitors of the library will find a well-maintained library which will be welcoming and encouraging.
They will experience a vital and customer friendly environment that features a diverse and comprehensive collection. Along-side the
books, visitors will find movies, audiobooks,and technology available in the latest formats.Bright lighting,comfortable seating,and
organized shelves will make browsing easy and tempting.The library will be a friendly place,one to meet friends,make friends,and
participate in cultural activities.
GOALS AND OBJECTIVES
Town Council Goal - Investment in Prosper's Future
Town Council Goal - Financially responsible Town government providing exceptional municipal services
104
DEPARTMENT:DIVISION:
Community Services Library
TOWN OF PROSPER
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Administrative Assistant 0.25 0.25 0.25
Library Assistant 2.25 2.25 3.25
Library Clerk 1.50 1.50 1.50
Library Director 1.00 1.00 1.00
Social Media Content/Library Production Specialist 0.00 0.50 0.50
Youth Services Librarian 1.50 1.50 1.50
TOTAL 6.50 7.00 8.00
Library Director
Youth Services
Librarian
(1.5 FTE)
Library Assistant
(2.25 FTE)
Library Clerk
(1.5 FTE)
Administrative
Assistant
(.25 FTE)
Social Media
Content/Library
Production Specialist
(.50 FTE)
105
DEPARTMENT:DIVISION:
Engineering Engineering
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Number of plan reviews for developments and subdivisions to construction 367 285 300
Conduct and document daily inspection of all CIP and Town Infrastructure
improvements* 5,000 5,000 5,000
Inquiries from citizens, government agencies, and other general inquires 1,300 2,000 2,200
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Review all development plans submitted within 10-day turnaround 65%70%95%
Meet all benchmark schedules for design, land acquisition, utility relocation and
construction for CIP projects 90%95%95%
Respond to contractors request for information within 3 working days 98%98%98%
Approve monthly pay applications within 5 days of satisfactory submittal 90%95%95%
Complete daily inspection reports on all Town CIP projects 80%90%100%
*Estimate based on 10 inspections per person x 250 days per year. Actual number of inspections will be tracked with implementation of
Energov software.
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Town of Prosper Engineering Services Department provides full project management services for the planning, design,and
construction of all Town-funded projects and provides review services for all privately-funded projects.
GOALS AND OBJECTIVES
Town Council Goal - Premier Residential Community
Town Council Goal - Investment in Prosper's Future
• Assist development community with overseeing the design through timely plan review and construction of land development
projects for compliance with ordinances, standard construction details, state and federal laws and sound engineering practices
within the Town of Prosper.
Town Council Goal - Premier Residential Community
Town Council Goal - Investment in Prosper's Future
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• Construct a Water Distribution System, Wastewater Collection System, Drainage System and Transportation Infrastructure
that meets the needs of the citizens and businesses of the Town of Prosper, making sure that these systems are adequate for
future growth, and reflect the high quality expectations of the Mayor and Council.
Town Council Goal - Premier Residential Community
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• Provide exceptional customer service, exceeding the expectations of citizens, developers and other associates, both in Town
and in nearby governmental agencies. The Engineering staff will exceed expectations by responding to citizens' and others'
inquiries, promptly, accurately, consistently and professionally.
106
DEPARTMENT:DIVISION:
Engineering Engineering
TOWN OF PROSPER
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 1,661,655 2,172,777$ $ 2,299,443
Operations 213,079 339,214 241,138
Capital - 36,398 130,000
Transfers 960,998 1,650,000 7,780,485
VERF Charges for Services 7,472 7,199 12,734
TOTAL $ 2,843,204 $ 4,205,588 $ 10,463,800
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Administrative Assistant 0.50 0.50 0.50
Assistant Director of Engineering Services - Capital Projects 1.00 1.00 1.00
Assistant Director of Engineering Services - Development 1.00 1.00 1.00
CIP Facilitator 1.00 1.00 1.00
CIP Program Manager 1.00 1.00 1.00
Civil Engineer 2.00 2.00 2.00
Construction Superintendent 3.00 3.00 3.00
Director of Engineering Services 1.00 1.00 1.00
Engineering Technician 1.00 1.00 2.00
Executive Director of Development and Infrastructure Services 1.00 1.00 1.00
Senior Engineer 3.00 3.00 3.00
TOTAL 15.50 15.50 16.50
Executive Director of
Development and
Infrastructure
Services
Director of
Engineering
Services
Assistant Director of
Engineering Services -
Capital Projects
CIP Program
Manager
Construction
Superintendent
(3)
Senior
Engineer
(2)
Civil Engineer CIP Facilitator
Engineering
Technician (2)
Administrative
Assistant
(Part-Time)
Assistant Director of
Engineering Services -
Development
Civil Engineer
Senior Engineer
107
108
WATER AND SEWER
FUND
109
110
Water and Sewer Fund Description
The Water and Sewer Fund accounts for all costs in providing water and wastewater services to residential
and commercial utility customers. The operations necessary to provide such services include Administration,
Debt Services, Water Purchases, and the treatment of wastewater. The operations of the Water and Sewer Fund
are financed and operated in a manner similar to a private business enterprise where expenses (including
depreciation) of providing services are recovered primarily through user charges.
An annual cash transfer from the Water and Sewer Fund to the General Fund is made for payment of
administrative overhead costs incurred. Administrative services, such as operations management, financial
management, purchasing, and payroll are included in this overhead charge.
111
Fiscal Year Days Over Minimum Reserve Value of Each Day %
2018-2019 151 53,393$ 41.98%
2019-2020 94 72,679$ 26.25%
2020-2021 144 75,851$ 39.97%
2021-2022 167 84,018$ 46.31%
2022-2023 99 85,567$ 28.42%
Water and Sewer Fund
Net Assets
The Town shall strive to maintain a minimum ending working capital balance (current assets minus current
liabilities)of at least twenty-five percent (25%)of budgeted non-capital expenditures for each of the proprietary
funds.Net assets fluctuate based on user based charges and one-time capital needs,while maintaining a minimum
working capital.
$-
$2,000,000
$4,000,000
$6,000,000
$8,000,000
$10,000,000
$12,000,000
$14,000,000
$16,000,000
2018-2019
Actual
2019-2020
Actual
2020-2021
Actual
2021-2022
Projected
2022-2023
Budget
112
Revenue Category FY 2023 Adopted % of Total
Water Charges 17,557,737 62.5%
Wastewater Charges 9,462,990 33.7%
License, Fees & Permits 377,705 1.2%
Penalties 186,900 0.7%
Investment Income 60,000 0.2%
Miscellaneous 467,427 1.7%
Revenue Total $28,112,759 100.0%
Other #REF!
Water and Sewer Fund Revenues
By Source
Water Charges
62.5%
Wastewater Charges
33.7%
License, Fees & Permits
1.2%
Penalties
0.7%Investment Income
0.2%
Miscellaneous
1.7%
113
Department FY 2023 Adopted % of Total
Administration 1,384,376 4.2%
Public Works 15,459,250 45.9%
Debt Service 4,354,465 12.9%
Water Purchases 9,605,940 28.5%
Transfers Out 2,877,339 8.5%
Expense Total $33,681,370 100.0%
Other
Water and Sewer Fund Appropriations
By Department
FY 2022 Adopted $30,201,240
Administration
4.2%
Public
Works
45.9%Debt Service
12.9%
Water
Purchases
28.5%
Transfers Out
8.5%
Administration
10.2%
Public
Works
52.0%
Debt Service
12.3%
Water
Purchases
25.5%
114
NET ASSETS AND RESERVE POSITIONING
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Water Charges for Services 15,198,610 15,179,476 16,775,872 17,557,737 18,786,779 20,083,663 21,470,420 22,953,295
Wastewater Charges for Services 8,513,816 8,972,771 9,619,000 9,462,990 10,125,399 10,825,617 11,574,422 12,375,195
Sanitation Charges for Services 1,622,121 1,779,679 1,980,000 - - - - -
License, Fees & Permits 353,651 332,928 366,850 377,705 399,704 417,657 436,473 456,195
Water Penalties 2,100 1,500 1,850 1,900 1,900 1,900 2,000 2,000
Utility Billing Penalties 79,409 142,000 178,000 185,000 170,000 181,900 181,900 181,900
Investment Income 18,410 40,000 40,000 60,000 60,000 60,000 60,000 60,000
Other 688,245 4,006,491 4,378,690 467,427 330,811 2,780,811 330,811 330,811
TOTAL REVENUES 26,476,363$ 30,454,845$ 33,340,262$ 28,112,759$ 29,874,593$ 34,351,548$ 34,056,026$ 36,359,396$
EXPENDITURES Administration 2,623,506 3,112,981 3,360,448 1,384,376 1,453,595 1,526,275 1,602,588 1,682,718
Debt Service 3,702,020 6,331,768 6,280,659 4,354,465 4,979,667 4,536,973 4,854,561 5,194,380
Water Purchases 7,157,267 7,701,317 8,167,952 9,605,940 10,470,475 11,203,408 11,987,646 12,826,782
Public Works 13,823,522 16,030,191 12,437,487 15,459,250 12,794,268 13,689,867 14,374,360 15,093,078
TOTAL EXPENDITURES 27,306,315$ 33,176,257$ 30,246,546$ 30,804,031$ 29,698,005$ 30,956,523$ 32,819,156$ 34,796,958$
Net Income (Loss)(829,952)$ (2,721,412)$ 3,093,716$ (2,691,272)$ 176,589$ 3,395,025$ 1,236,870$ 1,562,438$
OTHER FINANCING Transfers Out - - - (2,877,339) - - - -
TOTAL OTHER FINANCING SOURCES (USES)-$ -$ -$ (2,877,339)$ -$ -$ -$ -$
CHANGE IN NET ASSETS (829,952)$ (2,721,412)$ 3,093,716$ (5,568,611)$ 176,589$ 3,395,025$ 1,236,870$ 1,562,438$
BEGINNING NET ASSETS 11,744,317$ 10,914,365$ 10,914,365$ 14,008,081$ 8,439,470$ 8,616,058$ 12,011,083$ 13,247,953$
ENDING NET ASSETS 10,914,365$ 8,192,953$ 14,008,081$ 8,439,470$ 8,616,058$ 12,011,083$ 13,247,953$ 14,810,391$
1.25 times Debt Service Reserve Limit 2.95 1.29 2.23 1.94 1.73 2.65 2.73 2.85
AMOUNT OVER (UNDER) IN DAYS OPERATING COST 144 89 167 99 104 140 145 153
Water and Sewer Fund Summary
115
Water and Sewer Fund Overview
Water and Sewer Fund
Administration
Utility Billing
Non‐Departmental
Public Works
Water
Wastewater
Construction
Inspections
116
DEPARTMENT: UTILITY BILLING DIVISION:
Administration Utility Billing
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Create/process work orders (annually)25,556 14,702 18,000
Average payments by auto draft (monthly)2,228 2,822 3,500
Average payments by credit card draft (monthly)488 597 800
Online payments (website) (annually)19,825 20,368 22,000
Lockbox payments (monthly)2,418 2,514 2,650
New connects (annually)2,909 3,501 3,600
Disconnections for non-payment (annually)*338 74 200
Number of customers billed (monthly average)9,909 11,184 12,200
*Disconnections were suspended from April 2020 - September 2021 due to COVID-19
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Manually entered utility billing payments without errors 100%100%100%
Utility bills created before the 20th of each month 100%100%100%
Disconnections at beginning of month (30 days past due) 0.02%0.001%0.01%
TOWN OF PROSPER
PROGRAM DESCRIPTION
Provide accurate monthly billing to Prosper residents and businesses for water, wastewater,solid waste and recycling services.This
department is also responsible for initiating,transferring,and terminating services,processing adjustment requests, winter average
adjustment,account maintenance, processing of work orders and collection services.Posting payments to customer's account. Issuing
Household Hazardous Waste (HHW) vouchers to residents. Issuing NTTA tags to customers. Annual Spring Clean up.
GOALS AND OBJECTIVES
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• Provide first rate utility billing service.
• Customer Service Representative will have all necessary information on hand to answer and meet our customers needs.
• Keep accurate records of all water, wastewater and solid waste accounts billed for the Town of Prosper.
117
DEPARTMENT: UTILITY BILLING DIVISION:
Administration Utility Billing
TOWN OF PROSPER
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 281,762 369,659$ $ 389,601
Operations 1,973,659 2,332,532 358,310
Capital - - -
Transfers 44,701 42,697 53,557
VERF Charges for Services - 3,221 2,594
TOTAL $ 2,300,122 $ 2,748,109 $ 804,062
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Utility Billing Administrator 1.00 1.00 1.00
Utility Billing Supervisor 0.00 0.00 1.00
Senior Utility Billing Clerk 1.00 1.00 0.00
Utility Billing Clerk 2.00 2.00 3.00
TOTAL 4.00 4.00 5.00
Finance Director
Utility Billing
Administrator
Utility Billing
Supervisor
Utility Billing
Clerks (3)
118
DEPARTMENT:DIVISION:
Administration Non-Departmental
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel/(Projected Fund Salary Savings) $ - -$ $ (87,280)
Operations 325,834 612,339 721,151
Capital - - -
Transfers - - 1,750,000
Debt 3,702,020 6,280,659 4,354,465
Bond Issuance (2,332,573) - -
VERF Charges for Services - - -
TOTAL $ 1,695,281 $ 6,892,998 $ 6,738,336
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Non-Departmental budget supports the Town's property insurance,a franchise fee paid to the General Fund for cost of
administrative services,and the debt service payments for the Water and Sewer fund. Projected salary savings for the Water and Sewer
Fund are also accounted for in this division.
119
DEPARTMENT:DIVISION:
Public Works Water
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Work order total 13,245 10,570 14,220
Overall water consumption (gallons per capita per day)231 229 225
Surface water pumped in million gallons 2,550 2,780 2,687
Water flushed in million gallons 544 461 500
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Provide Superior Water System from Texas Commission on Environmental Quality
(TCEQ)100%100%100%
Maintain TCEQ mandated water sampling and testing 100%100%100%
Reduce the total time to repair water leaks to less than five (5) hours and respond
to water leaks within thirty (30) minutes of initial contact 100%100%100%
Maintain the total unaccounted water under 12%100%100%100%
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Water Division is responsible for the operation,repair,and maintenance of all water lines,meters,valves, and fire hydrants.The
Division performs daily water sampling required by the State of Texas to maintain a superior water quality rating for the residents of
Prosper.The Town of Prosper purchases treated water from the North Texas Municipal Water District (NTMWD).The water is stored in
two ground storage tanks and two elevated storage tanks until it is pumped through pipes to customers.The Prosper Water Education
program involves a combination of water use reduction strategies.Initiatives of the program include workshops and training
opportunities for homeowners.Public Works Inspections includes inspections of all infrastructure for private development prior to
acceptance and Certificate of Occupancy is issued.
GOALS AND OBJECTIVES
Town Council Goal - Investment in Prosper's Future
• by protecting the Prosper community interests by being a strong advocate with TxDOT, counties, NCTCOG and other agencies and
having well-designed, well-built and well-maintained neighborhood infrastructure. Implement water-use reduction polices that increase
the community's effort to protect and conserve our water supply. Provide customers (internal and external) with quality service delivery.
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• by having and retaining a "top quality" Town workforce with competitive compensation; having a Town organizational culture that
values innovation, productivity, responsibility, and accountability and empowers managers and employees; and providing exceptional
Town services responsive to the needs of our Prosper community and our residents. Provide a "Superior Quality" rated water system.
Provide timely maintenance of water system by inspecting and repairing 50% of all fire hydrants annually. Maintain efficent meter
reading by completeing repairs as needed.
120
DEPARTMENT:DIVISION:
Public Works Water
TOWN OF PROSPER
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 1,927,053 2,376,845$ $ 2,515,974
Operations 9,365,393 9,995,641 11,292,313
Capital 81,457 110,632 238,046
Transfers 704,319 723,084 809,472
VERF Charges for Services - 136,372 117,445
TOTAL $ 12,078,222 $ 13,342,574 $ 14,973,250
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Administrative Assistant 1.00 1.00 1.00
Backflow Inspector 1.00 1.00 1.00
Crew Leader 4.00 5.00 5.00
Director of Public Works 1.00 1.00 1.00
Environmental Coordinator/Assistant to Director 0.00 1.00 1.00
Heavy Equipment Operator 3.00 3.00 3.00
Irrigation Specialist 0.00 1.00 1.00
Public Works Right-Of-Way Inspector 1.00 1.00 1.00
Senior Backflow Inspector 1.00 1.00 1.00
Utility Facilities Maintenance Supervisor 1.00 0.00 0.00
Utility Maintenance Supervisor 1.00 2.00 2.00
Utility Worker 8.00 8.00 9.00
Water and Wastewater Superintendent 1.00 1.00 1.00
Water Education Coordinator 1.00 0.00 0.00
Water Quality Technician 3.00 3.00 3.00
TOTAL 27.00 29.00 30.00
121
DEPARTMENT:DIVISION:
Public Works Water
TOWN OF PROSPER
Director of
Public Works
Water/Wastewater
Superintendent
Utility
Maintenance
Supervisor
Public Works
Right-Of-Way
Inspector
Water Quality
Technician
(3)
Crew Leader
(3)
Heavy
Equipment
Operator
Utility Worker
(5)
Utility
Maintenance
Supervisor
Crew Leader
(2)
Heavy
Equipment
Operator
(2)
Utility Worker
(4)
Senior Backflow
Inspector
Backflow
Inspector
Administrative
Assistant
Environmental
Coordinator/
Assistant to
Director
Irrigation
Specialist
122
DEPARTMENT:DIVISION:
Public Works Wastewater
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Public works inspections 1,836 1,390 1,500
Feet of wastewater lines inspected by camera 171,816 125,000 130,000
Work Orders 594 668 750
Sanitary Sewer Overflows 0 0 0
Fats, Oils, and Grease (FOG) Inspections 563 618 680
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Clean and CCTV 10% of the wastewater collection system 100%100%100%
Minimize reportable wastewater discharges to Texas Commission on
Environmental Quality (TCEQ)100%100%100%
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Wastewater Division is responsible for the collection of wastewater and its transmission to the wastewater treatment plants.This
service includes the operation,maintenance,and repair of all wastewater lines,manholes,and lift stations connected to the system.The
North Texas Municipal Water District (NTMWD) and Upper Trinity Regional Water District (UTRWD)operate the wastewater treatment
plants.The Prosper Fats,Oils,and Grease (FOG)Program involves the inspection of grease traps and the education of residents and
businesses connected to our wastewater collection system.Initiatives of the program include educational materials,one-on-one
interaction,and best management practices for business owners.Public Works Inspections includes inspections of all infrastructure for
private development prior to acceptance and Certificate of Occupancy issuance.
GOALS AND OBJECTIVES
Town Council Goal - Investment in Prosper's Future
• By protecting the Prosper community interests by being a strong advocate with TxDOT, counties, NCTCOG and other agencies and
having well-designed, well-built and well-maintained neighborhood infrastructure. Inspect for system inflow and infiltration, clean and
vidio inspect 10% of the Town's wastewater mains.
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• By having and retaining a "top quality" Town workforce with competitive compensation; having a Town organizational culture that
values innovation, productivity, responsibility, and accountability and empowers managers and employees; and providing exceptional
Town services responsive to the needs of our Prosper community and our residents. Reduce the number of Sanitary System Overflows
(SSO) to less than five every year. Implement Fats, Oils and Grease (FOG) policies to reduce SSO's and provide programs for citizen
awareness.
123
DEPARTMENT:DIVISION:
Public Works Wastewater
TOWN OF PROSPER
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 697,405 1,145,493$ $ 1,192,474
Operations 3,613,228 4,931,033 4,928,519
Capital 48,573 50,230 365,000
Transfers 223,957 234,899 264,310
VERF Services for Charges - 96,710 123,537
TOTAL $ 4,583,163 $ 6,458,365 $ 6,873,840
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Crew Leader 4.00 4.00 4.00
FOG Technician 1.00 1.00 1.00
Heavy Equipment Operator 3.00 3.00 3.00
Utility Line Locator 0.00 1.00 1.00
Utility Maintenance Supervisor 1.00 1.00 1.00
Utility Worker 6.00 6.00 7.00
TOTAL 15.00 16.00 17.00
Director of Public
Works
Water and
Wastewater
Superintendent
Utility
Maintenance
Supervisor
Utility Crew
Leader
(4)
Heavy Equipment
Operator
(3)
Utility Worker
(7)
Utility Line
Locator
Environmental
Coordinator/
Assistant to Director
FOG Technician
124
DEPARTMENT:DIVISION:
Engineering Construction Inspections
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Conduct and document daily inspections of all private development and Town
infrastructure improvements 12,000 12,800 13,000
Inquiries from citizens, government agencies, and other general inquiries 1,700 2,000 2,000
Right-of-way (ROW) permits issued 1,200 1,800 2,000
Conduct ROW permitted inspections for private franchise utilities -2,500 3,200
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Respond to contractors request for information within 3 working days 100%100%100%
Conduct private development inspections within 24 hours of request 100%100%100%
Process ROW permits within 5 working days -95%100%
Infrastructure gps'ed before or during final walk --100%
TOWN OF PROSPER
PROGRAM DESCRIPTION
The Construction Inspection Division conducts inspections of all public infrastructure for private development and assists with capital
improvement projects for general conformance with Town standards.The division also oversees right-of-way permitting and right-of-way
inspections of private franchise utility construction.
GOALS AND OBJECTIVES
Town Council Goal - Premier Residential Community
Town Council Goal - Investment in Prosper's Future
Town Council Goal - Financially responsible Town government providing exceptional municipal services
• Assist development community with overseeing the construction of land development projects for compliance with
ordinances, standard construction details, state and federal laws and sound engineering practices within the Town of Prosper.
• Construction inspection walk thrus help ensure Town standards are met in an orderly manner.
• Issue ROW permits and perform inspection for all franchise work.
125
DEPARTMENT:DIVISION:
Engineering Construction Inspections
TOWN OF PROSPER
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 305,172 345,173$ $ 493,822
Operations 33,994 43,100 94,210
Capital - 400,000 3,684,328
Transfers - - -
VERF Charges of Services - 16,227 19,522
TOTAL $ 339,166 $ 804,500 $ 4,291,882
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Construction Inspector 2.00 2.00 3.00
Right-Of-Way and Construction Inspection Manager 0.00 1.00 1.00
Right-Of-Way Inspector 1.00 1.00 2.00
Senior Construction Inspector 1.00 0.00 0.00
TOTAL 4.00 4.00 6.00
Director of
Engineering Services
Assistant Director of
Engineering Services -
Development
Right-Of-Way and
Construction
Inspection Manager
Construction
Inspector
Right-Of-Way
Inspector
126
DEBT SERVICE
FUND
127
128
Debt Service Fund Description
The Debt Service Fund accounts for the accumulation of resources and the payment of general long‐term debt
principal and interest. General Obligation Bonds and Certificates of Obligation are issued to finance major
improvements for the construction of streets, parks, libraries, recreation centers, fire stations, police stations,
and other general governmental improvements. Property taxes are the principal source of revenue in the Debt
Service Fund. The tax rate allocation for the Debt Service Fund is $0.18017, which is 35.3% of the 2022 tax rate
($0.51). The purpose of this fund is to retire outstanding general obligationbondsandpayinterestonthe
indebtedness.
129
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Property Tax 7,690,750 10,620,466 10,620,466 12,680,972 13,949,069 14,925,504 15,970,289 17,088,210
Transfer In - 428,581 428,581 - - - - -
Investment Income 24,381 45,000 16,000 20,000 20,000 20,000 20,000 20,000
TOTAL REVENUES 7,715,131$ 11,094,047$ 11,065,047$ 12,700,972$ 13,969,069$ 14,945,504$ 15,990,289$ 17,108,210$
EXPENDITURES Principal 4,275,377 8,320,004 8,691,423 7,101,425 8,014,164 8,835,145 9,808,289 10,512,926
Interest 3,404,363 4,741,048 4,454,808 5,789,738 5,856,139 5,990,811 6,077,815 6,337,196
Administrative Fees 14,670 20,000 20,000 20,000 20,000 20,000 20,000 20,000
TOTAL EXPENDITURES 7,694,410$ 13,081,052$ 13,166,231$ 12,911,163$ 13,890,303$ 14,845,956$ 15,906,104$ 16,870,122$
Period Excess / (Deficit)20,721$ (1,987,005)$ (2,101,184)$ (210,191)$ 78,766$ 99,548$ 84,185$ 238,088$
OTHER FINANCING Transfers Out for Debt Service - - - - - - - -
TOTAL OTHER FINANCING SOURCES (USES)-$ -$ -$ -$ -$ -$ -$ -$
NET CHANGE IN FUND BALANCE 20,721$ (1,987,005)$ (2,101,184)$ (210,191)$ 78,766$ 99,548$ 84,185$ 238,088$
BEGINNING FUND BALANCE 2,619,367$ 2,640,088$ 2,640,088$ 538,904$ 328,713$ 407,479$ 507,027$ 591,213$
ENDING FUND BALANCE 2,640,088$ 653,083$ 538,904$ 328,713$ 407,479$ 507,027$ 591,213$ 829,300$
Debt Service Fund Summary
*Future debt issuance amounts and resulting debt service will be updated for the final budget based on Council direction on both willingness to increase the
debt service tax rate and timing of the bond projects.
130
Actual Projected Projected Projected Projected Projected
Position as of Position as of Position as of Position as of Position as of Position as of
FYE 9.30.2022 FYE 9.30.2023 FYE 9.30.2024 FYE 9.30.2025 FYE 9.30.2026 FYE 9.30.2027
1. Market Value of taxable property 5,437,210,564$ 6,780,951,337$ 7,459,046,471$ 8,204,951,118$ 9,025,446,230$ 9,927,990,853$
(certified)(certified)(projected)(projected)(projected).
2. Town's Target (6% limit)326,232,634$ 406,857,080$ 447,542,788$ 492,297,067$ 541,526,774$ 595,679,451$
Unreserved Debt Capacity 326,232,634$ 406,857,080$ 447,542,788$ 492,297,067$ 541,526,774$ 595,679,451$
3. Outstanding Debt 150,744,624$ 143,515,618$ 135,501,454$ 126,666,309$ 120,580,587$ 114,154,621$
4. Proposed Issues - 18,795,000 12,875,000 14,625,000 15,150,000 15,150,000
5. Balance of Proposed Issues - 57,800,000 44,925,000 30,300,000 15,150,000 -
Total Debt Subject to Limit 150,744,624$ 220,110,618$ 193,301,454$ 171,591,309$ 150,880,587$ 129,304,621$
6. Available Unreserved Debt
Capacity ($)175,488,010$ 186,746,462$ 254,241,334$ 320,705,758$ 390,646,187$ 466,374,830$
7. Available Unreserved Debt
Capacity (%)53.79%45.90%56.81%65.14%72.14%78.29%
8. I&S Tax Rate 0.18200 0.18017 0.18200 0.18200 0.18200 0.182
9. Town's target of 35% or less of 35.0%35.3%35.7%35.7%35.7%35.7%
Total Tax Rate
Notes:
1. Total Assessed valuation plus utility valuation growth assumption is 7% in FY 2024 - FY 2027 per year.
2. Town debt policy limits total principal amount of GO bonds together with the principle amount of all other outstanding tax indebtedness
will be targeted to not exceed six percent (6%) of the total assessed valuation of the Town's tax rolls.
4. Debt issues subject to limit proposed are part of the Capital Improvements Plan and are anticipated to be issued during the referenced fiscal year.
Sizing includes estimated cost of issuance.
5. Debt balance on issues in Capital Improvements Plan.
6. Debt capacity available after deducting the reserved capacity.
7. Percentage of debt capacity available after deducting the reserved capacity.
8. Town's FY 2023 I&S tax rate and projected I&S rates are calculated based on 99% collections.
9. Percentage of overall total tax rate ($0.51 - FYE 09.30.22) ($0.51 - FYE 09.30.23 and beyond).
Current Rating
AA+
Aa1
AA+
Aa1
AA+
Aa1
AA+
Aa1
Standard & Poor's AA+September 2022
Moody's Aa1 September 2022
Standard & Poor's AA+June 2019
Moody's Aa1 June 2019
Standard & Poor's AA+June 2020
Moody's Aa1 June 2020
Standard & Poor's AA+August 2021
Moody's Aa1 August 2021
Projection of Debt Margin Based on Town Policy
3. Current outstanding debt subject to limit at fiscal year end includes all debt in which property taxes are pledged. Excludes debt issued for water, sewer
and drainage projects
BOND RATINGS
The Town has utilized two different rating agencies over the years -Moody's Investor Services and Standard and Poor's. Moody has assigned the Town’s
outstanding general obligation limited tax debt outlook as stable at Aa1 to the Town’s $12.925 million Combination Tax and Surplus Revenue Certificates of
Obligation,Series 2022 and the Town's $31.600 million General Obligation Bonds,Series 2022.Standard and Poor’s Global Ratings (“S&P”)also assigned its
rating of AA+to the Town’s 2022 Combination Tax and Surplus Revenue Certificates of Obligation and the Town's 2022 General Obligation Bonds.The Aa1
and AA+ratings are the second highest ratings of each agency and reflect the Town’s very strong economy and rapidly expanding moderately sized tax base
due to significant ongoing development while maintaining through conservative budgeting and formal policies which will attract investors.The chart below
reflects ratings since June 2019.
Rating Entity Prior Rating Prior Rating Period
Tax Supported Debt Service
Fiscal Year 2022-2023
131
Debt Issuance Details
General Obligation Refunding Bonds, Series 2013 (Moody's Rated "Aa3") ‐ The proceeds of this $3.83M non‐taxable issue
will be used for (i) refunding a portion of the Town's outstanding debt. The issue is 100% debt service fund related and was
issued June 15, 2013, maturing August 15, 2033. Interest payable February 15 and August 15 at rates ranging from 2.0% to
4.0%.
Certificates of Obligation, Series 2013 (Moody's Rated "Aa3") ‐ The proceeds of this $5.235M non‐taxable issue will be used
for (i) water system improvements. The issue is 100% water and sewer fund related and was issued June 15, 2013, maturing
August 15, 2033. Interest payable February 15 and August 15 at rates ranging from 2.0% to 4.0%.
General Obligation Refunding and Improvement Bonds, Series 2014 (Moody's Rated "Aa2" and S&P Rated "AA") ‐ The
proceeds of this $7.175M taxable issue will be used for (i) refunding a portion of the Town's outstanding debt; and (ii) design
and land acquisition costs for Town fire stations and park improvements. The issue is 47% debt service fund related and 53%
water and sewer fund related and was issued February 15, 2014, maturing February 15, 2034. Interest payable February 15
and August 15 at rates ranging from 2.0% to 5.0%.
Certificates of Obligation, Series 2014 (Moody's Rated "Aa2" and S&P Rated "AA") ‐ The proceeds of this $12.57M taxable
issue will be used for (i) acquisition of sewage treatment capacity. The issue is 100% water and sewer fund related and was
issued February 15, 2014, maturing February 15, 2034. Interest payable February 15 and August 15 at rates ranging from
2.0% to 4.0%.
General Obligation Refunding and Improvement Bonds, Series 2015 (Moody's Rated "Aa2" and S&P Rated "AA") ‐ The
proceeds of this $16.135M taxable issue will be used for (i) refunding a portion of the Town's outstanding debt; (ii)
improvements to streets and roads, bridges and intersections, and related infrastructure in the Town; (iii) to fund the
construction and equipping of a fire station; and (iv) the acquisition and installation of a public safety radio system. The issue
is 79% debt service fund related and 21% water and sewer fund related and was issued July 15, 2015, maturing February 15,
2035. Interest payable February 15 and August 15 at rates ranging from 2.0% to 5.0%.
Certificates of Obligation, Series 2015 (Moody's Rated "Aa2" and S&P Rated "AA") ‐ The proceeds of this $8.135M taxable
issue will be used for (i) improvements to streets and roads, bridges and intersections, and related infrastructure in the
Town; (ii) to fund the construction and equipping of a fire station; and (iii) the acquisition and installation of a public safety
radio system. The issue is 100% debt service fund related and was issued July 15, 2015, maturing February 15, 2035. Interest
payable February 15 and August 15 at rates ranging from 2.0% to 5.0%.
General Obligation Refunding and Improvement Bonds, Series 2016 (Moody's Rated "Aa2" and S&P Rated "AA") - The
proceeds of this $7.505M taxable issue will be used for (i) refunding a portion of the Town's outstanding debt; (ii) acquiring a
site for, and designing a multi-purpose municipal facility to serve as Town Hall and for other municipal services, with any
surplus bond proceeds to be used for the construction of such facility; (iii) designing, constructing, improving and equipping
parks, trails and recreational facilities and a park administration facility, and the acquisition of land and interests in land for
such purposes; and (iv) constructing, improving, extending, expanding, upgrading and developing streets and roads, bridges
and intersections including utility relocation, landscaping, sidewalks, traffic safety and operational improvements, the
purchase of any necessary rights-of-way, drainage and other related costs. The issue is 84% debt service fund related and 16%
water and sewer fund related and was issued July 12, 2016, maturing February 15, 2036. Interest payable February 15 and
August 15 at rates ranging from 2.0% to 4.0%.
132
Debt Issuance Details
Certificates of Obligation, Series 2016 (Moody's Rated "Aa2" and S&P Rated "AA") ‐ The proceeds of this $8.47M taxable
issue will be used for (i) the construction and equipping of a multi‐purpose municipal facility, (ii) the constructing, improving,
extending, expanding, upgrading and developing parks and recreation facilities including fields, trails, utility relocation,
landscaping, sidewalks, and operational improvements, installation of lighting, the purchase of any necessary rights‐of‐way,
drainage and other related costs; and (iii) the constructing, improving, extending, expanding, upgrading, and developing
storm drainage utility projects including utility relocation, landscaping, sidewalks, traffic safety and operation improvements,
the purchase of necessary easements and the related costs. The issue is 84% debt service fund related and 16% stormwater
drainage fund related and was issued July 12, 2016, maturing February 15, 2036. Interest payable February 15 and August 15
at rates ranging from 2.0% to 4.0%.
Certificates of Obligation, Series 2017 (Moody's Rated "Aa1" and S&P Rated "AA+") ‐ The proceeds of this $11.565M
taxable issue will be used for (i) constructing and equipping of a facility to serve as Town Hall and to house other municipal
offices; (ii) constructing, improving and developing parks and recreation facilities; and (iii) constructing and improving storm
drainage utility projects in the Town. The issue is 91% debt service fund related and 9% stormwater drainage fund related
and was issued June 27, 2017, maturing February 15, 2037. Interest payable February 15 and August 15 at rates ranging from
2.0% to 5.0%.
General Obligation Bonds, Series 2018 (Moody's Rated "Aa1" and S&P Rated "AA+") ‐ The proceeds of this $3.9M taxable
issue will be used for (i) constructing and equipping public safety facilities, parks and park facilities and a public works facility;
and (ii) constructing and improving streets, roads and other related infrastructure in the Town. The issue is 100% debt
service fund related and was issued June 15, 2018, maturing February 15, 2038. Interest payable February 15 and August 15
at rates ranging from 4.0% to 5.0%.
Certificates of Obligation, Series 2018 (Moody's Rated "Aa1" and S&P Rated "AA+") ‐ The proceeds of this $22.225M
taxable issue will be used for (i) constructing and equipping a multi‐purpose municipal facility to serve as Town Hall and to
house other municipal services; (ii) improving the Town's waterworks system; and (iii) constructing and improving streets,
roads and other related infrastructure in the Town. The issue is 56% debt service fund related and 44% water and sewer
fund related and was issued June 15, 2018, maturing February 15, 2038. Interest payable February 15 and August 15 at
rates ranging from 3.125% to 5.0%.
General Obligation Bonds, Series 2019 (Moody's Rated "Aa1" and S&P Rated "AA+") ‐ The proceeds of this $4.065M
taxable issue will be used for (i) constructing and improving streets, roads and other related infrastructure in the Town.
The issue is 100% debt service fund related and was issued July 25, 2019, maturing February 15, 2039. Interest payable
February 15, and August 15 at rates ranging from 3.0% to 4.0%.
Certificates of Obligation, Series 2019 (Moody's Rated "Aa1" and S&P Rated "AA+") - The proceeds of this $17.49M taxable
issue will be used for (i) acquiring, constructing, installing and equipping additions, improvements, extensions and equipment
for the Town's waterworks and sewer system; (ii) constructing, improving, extending, expanding, upgrading and developing
streets and roads and intersections, including utility relocation, landscaping, sidewalks, traffic safety and operational
improvements and the purchase of any necessary rights-of-way and other related costs, (iii) constructing, improving,
extending, expanding, upgrading and developing parks and recreation facilities, including fields, trails, utility relocation,
landscaping, sidewalks and operational improvements, installation of lighting, the purchase of any necessary rights-of-way,
and other related costs; (iv) designing, constructing, improving and equipping public safety facilities in the Town, including a
police station and dispatch facility, and the acquisition of land and interests in land as necessary for such purposes; and (v)
paying legal, fiscal, engineering and architectural fees in connection with these projects. The issue is 75%debt service fund
related and 25% water and sewer fund related and was issued July 25, 2019, maturing February 15, 2039. Interest payable
February 15 and August 15 at rates ranging from 3.0% to 5.0%.
133
Debt Issuance Details
Certificates of Obligation, Series 2020 (Moody's Rated "Aa1" and S&P Rated "AA+") ‐ The proceeds of this $10.875M
taxable issue will be used for (i) constructing, improving, extending, expanding, upgrading and developing streets and
roads and intersections, including utility relocation, landscaping, sidewalks, traffic safety and operational improvements
and the purchase of any necessary rights‐of‐way and other related costs; (ii) constructing, improving, extending,
expanding, upgrading and developing parks and recreation facilities, including fields, trails, utility relocation, landscaping,
sidewalks and operational improvements, installation of lighting, the purchase of any necessary rights‐of‐way, drainage
and other related costs; and (iii) paying legal, fiscal, engineering and architectural fees in connection with these projects.
The issue is 100%debt service fund related and was issued September 1, 2020, maturing February 15, 2035. Interest
payable February 15 and August 15 at 4.0%.
General Obligation Bonds, Series 2021 (Moody's Rated "Aa1" and S&P Rated "AA+") ‐ The proceeds of this $36.255M
taxable issue will be used for (i) constructing public safety facilities in the Town; (ii) equipping parks, trails and recreational
facilities in the Town; (iii) constructing and improving streets, roads and other related infrastructure in the Town; and (iv)
paying costs of issuing the Bonds. The issue is 100% debt service fund related and was issued August 18, 2021, maturing
February 15, 2041. Interest payable February 15 and August 15 at rates ranging from 2.0% to 5.0%.
Certificates of Obligation, Series 2021 (Moody's Rated "Aa1" and S&P Rated "AA+") ‐ The proceeds of this $6.855M taxable
issue will be used for (i) constructing, improving, extending, expanding, upgrading and developing streets and roads and
intersections, including utility relocation, landscaping, sidewalks, traffic safety and operational improvements and the
purchase of any necessary right‐of‐way and other related costs, specifically including improvements to Frontier Parkway
from the Dallas North Tollway to Preston Road and Fishtrap Road from Teel Parkway to Stuber Elementary School; (ii)
construction, acquisition and installation of the Westside communications radio tower and (iii) paying legal, fiscal,
engineering and architectural fees in connection with these projects, including the costs of issuing the Certificates. The issue
is 100% debt service fund related and was issued August 18, 2021, maturing February 15, 2041. Interest payable February 15
and August 15 at rates ranging from 2.0% to 5.0%.
General Obligation Bonds, Series 2022 (Moody's Rated "Aa1" and S&P Rated "AA+") - The proceeds of this $31.600M
taxable issue will be used for (i) public safety facilities in the Town, consisting of fire stations, an emergency operations
center, a public safety training facility and administrative facilities relating thereto ; (ii) equipping parks, trails and recreational
facilities in the Town and the acquisition of land and interests in land for such purposes; (iii) constructing, improving,
extending, expanding, upgrading and developing streets and roads, bridges and intersections in the Town and related
drainage improvements, utility relocations, landscaping, curbs and sidewalks, traffic safety and operational improvements,
entryway signage and other street and road signage and costs associated with such projects, and interests in land as may be
necessary for such purposes, and excluding certain road projects to be funded with other obligations; and (iv) paying costs of
issuing the Bonds. The issue is 100% debt service fund related and was issued September 29, 2022, maturing February 15,
2042. Interest payable February 15 and August 15 at rates ranging from 4.0% to 5.0%.
Certificates of Obligation, Series 2022 (Moody's Rated "Aa1" and S&P Rated "AA+") - The proceeds of this $12.925M taxable
issue will be used for (i) acquiring, constructing, installing and equipping additions, improvements, extensions and equipment
for the Town’s waterworks and sewer system and the acquisition of land and rights-of-way therefor; (ii) acquiring,
constructing and installing stormwater drainage and flood control improvements in the Town, including dredging, channel
improvements and related infrastructure and utility relocation and the acquisition of land and interests in land necessary for
said improvements; and (iii) paying legal, fiscal, engineering and architectural fees in connection with these projects, including
the costs of issuing the Certificates. The issue is 100% debt service fund related and was issued October 27,2022, maturing
February 15, 2042. Interest payable February 15 and August 15 at rates ranging from 4.75% to 5.0%.
134
Issue Final Maturity
2013 General Obligation Bonds 2,415,000 2033
2014 General Obligation Refunding Bonds 555,000 2024
2014 General Obligation Bonds 695,000 2034
2015 Certificates of Obligation 6,855,000 2035
2015 General Obligation Bonds 2,860,000 2026
2015 General Obligation Refunding Bonds 7,349,400 2029
2016 Certificates of Obligation 6,580,000 2036
2016 General Obligation Bonds 3,310,000 2036
2017 Certificates of Obligation 8,760,000 2037
2018 General Obligation Bonds 3,370,000 2038
2018 Certificates of Obligation 10,720,000 2038
2019 General Obligation Bonds 3,620,000 2039
2019 Certificates of Obligation 11,355,224 2039
2020 Certificates of Obligation 9,825,000 2040
2021 General Obligation Bonds 34,330,000 2041
2021 Certificates of Obligation 6,545,000 2041
2022 General Obligation Bonds 31,600,000 2042
150,744,624$
Issue Principal Outstanding Final Maturity
2013 Certificates of Obligation 3,305,000 2033
2014 General Obligation Refunding Bonds 910,000 2024
2014 Certificates of Obligation 8,670,000 2034
2015 General Obligation Refunding Bonds 2,265,600 2029
2018 Certificates of Obligation 8,485,000 2038
2019 Certificates of Obligation 3,839,777 2039
2022 Certificates of Obligation 12,265,000 2042
39,740,377$
Principal Outstanding
Outstanding Principal on Debt
Tax Supported Debt
Fiscal Year 2022‐2023
Water/Sewer/Drainage Supported Debt
Fiscal Year 2022‐2023
135
Principal and Interest Debt Schedule
Year Principal Interest Total
2023 7,229,006 5,594,880 12,823,886
2024 6,840,722 5,458,264 12,298,986
2025 7,225,966 5,145,765 12,371,730
2026 7,803,512 4,815,938 12,619,449
2027 7,875,394 4,457,736 12,333,130
2028 8,248,313 4,081,249 12,329,562
2029 8,649,469 3,683,756 12,333,224
2030 8,115,097 3,295,342 11,410,439
2031 8,471,253 2,931,821 11,403,073
2032 8,804,935 2,588,978 11,393,913
2033 9,142,354 2,250,743 11,393,097
2034 9,194,773 1,904,305 11,099,078
2035 9,457,192 1,570,926 11,028,118
2036 8,839,611 1,257,008 10,096,619
2037 8,050,767 974,596 9,025,363
2038 7,473,186 724,171 8,197,357
2039 6,538,078 506,584 7,044,661
2040 5,555,000 320,025 5,875,025
2041 4,950,000 162,600 5,112,600
2042 2,280,000 45,600 2,325,600
TOTALS 150,744,624$ 51,770,287$ 202,514,911$
Tax Supported Debt Service
Fiscal Year 2022‐2023
136
Principal and Interest Debt Schedule
Year Principal Interest Total
2023 2,835,995 1,666,953 4,502,948
2024 2,819,279 1,665,498 4,484,777
2025 2,519,035 1,535,148 4,054,182
2026 2,641,489 1,421,500 4,062,988
2027 2,294,606 1,313,226 3,607,832
2028 2,391,687 1,210,814 3,602,501
2029 2,495,532 1,104,432 3,599,963
2030 2,509,903 997,396 3,507,299
2031 2,608,748 887,217 3,495,964
2032 2,715,065 777,685 3,492,750
2033 2,822,646 666,407 3,489,053
2034 2,560,227 550,263 3,110,490
2035 1,727,808 447,627 2,175,435
2036 1,800,389 377,486 2,177,875
2037 1,779,234 305,626 2,084,859
2038 1,776,815 235,622 2,012,437
2039 1,141,923 176,641 1,318,564
2040 885,000 132,050 1,017,050
2041 925,000 90,013 1,015,013
2042 970,000 46,075 1,016,075
TOTALS 42,220,377$ 15,607,678$ 57,828,054$
Water/Sewer/Drainage Supported Debt Service
Fiscal Year 2022‐2023
137
138
OTHER FUNDS
139
140
Revenue Category
Debt
Service Parks Impact
Fees
Internal
Service
Special
Revenue
Storm
Drainage
Property Tax 12,680,972 ---1,049,545 -
Sales Tax ----7,333,870 -
Investment Income 20,000 6,050 118,625 30,000 10,300 1,800
License, Fees & Permits -----825,000
Impact Fees --10,250,000 -200,000 -
Charges for Services -964,000 -6,027,341 -3,000
Contribution -873,000 --3,045,165 -
Grants -200,550 ----
Other Transfers In ------
Miscellaneous --300,000 400,000 77,650 -
Revenue Total $ 12,700,972 $ 2,043,600 $ 10,668,625 $ 6,457,341 $11,716,530 $ 829,800
Other #REF!
Other Funds Revenues
By Source
Debt
Service
29%
Parks
5%
Impact
Fees
24%
Internal
Service
14%
Special
Revenue
26%
Storm
Drainage
2%
141
TIRZ #1 Fund Description
The Town of Prosper designated a certain area within the Town as Tax Increment Reinvestment Zone Number 1
in 2008. The Town Council desires to promote the development or redevelopment of said geographic area by
designation of a reinvestment zone, as authorized by the Tax Increment Financing Act, Chapter 311 of the Texas
Tax Code. This fund is to account for the restricted revenue sources detailed in the agreement along with the
reimbursements to the developer for agreed upon expenditures.
142
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Impact Fee Revenue 962,724 200,000 3,394,825 200,000 750,000 750,000 750,000 750,000
Property Taxes-Town 492,446 627,221 612,991 824,243 906,667 979,201 1,037,953 1,089,850
Property Taxes-County 116,706 148,647 144,308 184,704 203,174 219,428 232,594 244,224
Sales Taxes - Town 689,982 761,000 957,073 1,024,068 1,095,753 1,172,456 1,254,527 1,342,344
Sales Taxes - EDC 577,860 637,500 801,548 857,656 917,692 981,931 1,050,666 1,124,213
Investment Income 3,691 2,000 5,500 6,000 6,000 6,000 6,000 6,000
TOTAL REVENUES 2,843,409$ 2,376,368$ 5,916,245$ 3,096,671$ 3,879,287$ 4,109,016$ 4,331,740$ 4,556,631$
EXPENDITURES
Professional Services - - - - - - - -
Developer Reimbursement 2,135,556 2,376,368 7,361,854 3,096,671 3,879,287 4,109,016 4,331,740 4,556,631
TOTAL EXPENDITURES 2,135,556$ 2,376,368$ 7,361,854$ 3,096,671$ 3,879,287$ 4,109,016$ 4,331,740$ 4,556,631$
Period Excess / (Deficit)707,853$ -$ (1,445,609)$ -$ -$ -$ -$ -$
NET CHANGE IN FUND BALANCE 707,853$ -$ (1,445,609)$ -$ -$ -$ -$ -$
BEGINNING FUND BALANCE 762,756$ 1,470,609$ 1,470,609$ 25,000$ 25,000$ 25,000$ 25,000$ 25,000$
ENDING FUND BALANCE 1,470,609$ 1,470,609$ 25,000$ 25,000$ 25,000$ 25,000$ 25,000$ 25,000$
TIRZ # 1 Fund Summary
143
TIRZ #2 Fund Description
The Town of Prosper designated a certain area within the Town as Tax Increment Reinvestment Zone Number 2
in 2013. The Town Council desires to promote the development or redevelopment of said geographic area by
designation of a reinvestment zone, as authorized by the Tax Increment Financing Act, Chapter 311 of the Texas
Tax Code. This fund is to account for the restricted revenue sources detailed in the agreement along with the
reimbursements to the developer for agreed upon expenditures.
144
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Property Taxes-Town 10,901 131,145 154,136 33,166 36,483 39,401 41,765 43,854
Property Taxes-County 2,583 31,081 30,280 7,432 8,175 8,829 9,359 9,827
Sales Taxes - Town - - - - - - - -
Sales Taxes - EDC - - - - - - - -
Investment Income 155 150 100 75 75 75 75 75
TOTAL REVENUES 13,639$ 162,376$ 184,516$ 40,673$ 44,733$ 48,305$ 51,199$ 53,756$
EXPENDITURES
Professional Services - - - - - - - -
Developer Reimbursement 13,770 162,428 184,516 40,673 44,733 48,305 51,199 53,756
TOTAL EXPENDITURES 13,770$ 162,428$ 184,516$ 40,673$ 44,733$ 48,305$ 51,199$ 53,756$
Period Excess / (Deficit)(131)$ (52)$ -$ -$ -$ -$ -$ -$
NET CHANGE IN FUND BALANCE (131)$ (52)$ -$ -$ -$ -$ -$ -$
BEGINNING FUND BALANCE 25,189$ 25,058$ 25,058$ 25,058$ 25,058$ 25,058$ 25,058$ 25,058$
ENDING FUND BALANCE 25,058$ 25,006$ 25,058$ 25,058$ 25,058$ 25,058$ 25,058$ 25,058$
TIRZ # 2 Fund Summary
145
Crime Control and Prevention District Description
The Town of Prosper held a special election in 2018 that established a Crime Control and Prevention Special
Purpose District allowed under Texas Local Government Code, Chapter 363 and Texas Tax Code, Section 323.105.
Crime Control and Prevention District is dedicated to crime reduction programs and the dedication of a one‐
fourth of one percent sales and use tax. The voters approved the Crime Control and Prevention District for the
next five years, at which time voters will have to reaffirm or repeal. The sales and use tax collected will be used
to support the cost of crime control and crime prevention including costs of personnel, administration,
expansion, enhancement, and capital expenditures. The implementation of the Crime Control and Prevention
District funded twelve and a half existing Police Officers plus additional personnel costs. In FY 2021‐2022 six
additional Police Officer positions are transferred from the General Fund.
146
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Sales Taxes 2,192,022 2,102,918 2,562,301 2,741,662 2,933,578 3,138,929 3,358,654 3,593,760
Investment Income 1,642 300 1,200 1,200 1,200 1,200 1,200 1,200
Other - - - - - - - -
TOTAL REVENUES 2,193,664$ 2,103,218$ 2,563,501$ 2,742,862$ 2,934,778$ 3,140,129$ 3,359,854$ 3,594,960$
EXPENDITURES
Personnel 2,064,056 2,078,008 2,490,568 2,711,865 2,934,278 3,139,629 3,359,354 3,594,460
Other 1,378 350 1,200 1,200 500 500 500 500
TOTAL EXPENDITURES 2,065,434$ 2,078,358$ 2,491,768$ 2,713,065$ 2,934,778$ 3,140,129$ 3,359,854$ 3,594,960$
Period Excess / (Deficit)128,230$ 24,860$ 71,733$ 29,797$ -$ -$ -$ -$
NET CHANGE IN FUND BALANCE 128,230$ 24,860$ 71,733$ 29,797$ -$ -$ -$ -$
BEGINNING FUND BALANCE 302,439$ 430,669$ 430,669$ 502,402$ 532,199$ 532,199$ 532,199$ 532,199$
ENDING FUND BALANCE 430,669$ 455,529$ 502,402$ 532,199$ 532,199$ 532,199$ 532,199$ 532,199$
Crime Control and Prevention Special Purpose District
147
Fire Control, Prevention, and Emergency Medical Services District Description
The Town of Prosper held a special election in 2018 that established a Fire Control, Prevention, and Emergency
Medical Services Special Purpose District allowed under Texas Local Government Code, Chapter 344 and Texas
Tax Code, Section 321.106. Fire Control, Prevention and Emergency Medical Services District is dedicated to fire
safety and emergency medical services programs and the dedication of a one‐fourth of one percent sales and use
tax. The voters approved the Fire Control, Prevention, and Emergency Medical Services District for the next five
years, at which time voters will have to reaffirm or repeal. The sales and use tax collected will be used to support
the cost of fire control, prevention, and emergency services including costs of personnel, administration,
expansion, enhancement, and capital expenditures. The implementation of the Fire Control, Prevention, and
Emergency Medical Services District funded twelve and a half existing Firefighter/Paramedics plus additional
personnel costs. In FY 2021‐2022 five additional Firefighter/Paramedic positions are transferred from the General
Fund.
148
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Sales Taxes 2,183,482 2,102,918 2,533,162 2,710,483 2,900,217 3,103,232 3,320,459 3,552,891
Investment Income 654 300 600 600 600 600 600 600
Other - - - - - - - -
TOTAL REVENUES 2,184,136$ 2,103,218$ 2,533,762$ 2,711,083$ 2,900,817$ 3,103,832$ 3,321,059$ 3,553,491$
EXPENDITURES
Personnel 1,974,055 2,098,745 2,457,325 2,683,842 2,900,317 3,103,332 3,320,559 3,552,991
Other 278 350 1,200 1,200 500 500 500 500
TOTAL EXPENDITURES 1,974,333$ 2,099,095$ 2,458,525$ 2,685,042$ 2,900,817$ 3,103,832$ 3,321,059$ 3,553,491$
Period Excess / (Deficit)209,803$ 4,123$ 75,237$ 26,041$ -$ -$ -$ -$
NET CHANGE IN FUND BALANCE 209,803$ 4,123$ 75,237$ 26,041$ -$ -$ -$ -$
BEGINNING FUND BALANCE 203,982$ 413,785$ 413,785$ 489,022$ 515,063$ 515,063$ 515,063$ 515,063$
ENDING FUND BALANCE 413,785$ 417,908$ 489,022$ 515,063$ 515,063$ 515,063$ 515,063$ 515,063$
Fire Control, Prevention and Emergency Medical Services Special Purpose District
149
Park Improvement/Dedication Fund Description
Park Improvement Fund ‐ This fund is to account for contributions to the Town for improvements to Town parks
per development agreements. Developers are reimbursed for the reasonable costs of any park improvements
constructed and accepted by the Town.For multi‐family development projects and for complete phases of a
single‐family subdivision plat, the Developer may elect to apply the entire amount to be reimbursed under this
section as a credit against park fees due for the residential development,provided that the application of the
credit does not result in a partial fee for any dwelling unit, in accordance with guidelines established by the
Town. The Town shall retain sole discretion to determine whether to accept proposed park improvements.
Park Dedication Fund ‐ This fund is to account for contributions to the Town for the creation of parks within the
Town per development agreements. Fund expenditures must be used for the acquisition, development,
expansion, or upgrading of parks located within the same park district or general area where the proposed
development for which payment was made is located.
150
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Park Dedication Fees 19,946 430,000 1,045,561 964,000 200,000 200,000 200,000 200,000
Park Improvement Fees 123,370 280,500 300,000 873,000 100,000 100,000 100,000 100,000
Grants-Improvement Fund 500,000 200,550 - 200,550 - - - -
Transfer In-Dedication Fund 392,217 - - - - - - -
Park Dedication-Interest 8,944 6,000 4,100 2,000 2,000 2,000 2,000 2,000
Park Improvement-Interest 5,265 5,000 3,600 4,050 4,050 4,050 4,050 4,050
TOTAL REVENUES 1,049,742$ 922,050$ 1,353,261$ 2,043,600$ 306,050$ 306,050$ 306,050$ 306,050$
EXPENDITURES General - Park Dedication - 1,913,800 1,914,648 - 1,900,000 - - -
General - Park Improvement 815,066 948,702 773,264 100,000 - - - -
TOTAL EXPENDITURES 815,066$ 2,862,502$ 2,687,912$ 100,000$ 1,900,000$ -$ -$ -$
Period Excess / (Deficit)234,676$ (1,940,452)$ (1,334,651)$ 1,943,600$ (1,593,950)$ 306,050$ 306,050$ 306,050$
NET CHANGE IN FUND BALANCE 234,676$ (1,940,452)$ (1,334,651)$ 1,943,600$ (1,593,950)$ 306,050$ 306,050$ 306,050$
BEGINNING FUND BALANCE 2,660,035$ 2,894,711$ 2,894,711$ 1,560,060$ 3,503,660$ 1,909,710$ 2,215,760$ 2,521,810$
PARK DEDICATION ENDING FUND BALANCE 1,914,691$ 436,891$ 1,049,704$ 2,015,704$ 317,704$ 519,704$ 721,704$ 923,704$
PARK IMPROVEMENT ENDING FUND BALANCE 980,020$ 517,368$ 510,356$ 1,487,956$ 1,592,006$ 1,696,056$ 1,800,106$ 1,904,156$
Park Dedication/Improvement Fund Summary
151
Impact Fee Fund Description
Impact Fees were established to assure the availability of funds for major capital projects needed as a result of
development. They are broken out into the following four funds: East Thoroughfare, West Thoroughfare, Water,
and Wastewater. The laws governing the collection and disbursement of impact fees require separate
accounting and reporting of these funds. Additionally, an analysis and update of the fee structure is required
every five years. Appropriations from these funds are being utilized to provide supplemental funding for eligible
capital improvement projects.
Water – water capital improvement projects shown on the Town’s adopted Water System Capital Improvement
Plan. The Water Impact Fee Fund balance is scheduled decrease by ninety percent to fund a portion of the Lower
Pressure Plane Pump Station project. This multi‐year project has multiple funding sources and is currently
estimated around $22M.
Wastewater – wastewater capital improvement projects shown on the Town’s adopted Wastewater System
Capital Improvement Plan.
East Thoroughfare – roadway capital improvement projects shown on the Town’s adopted Thoroughfare Plan
east of Preston Road. The East Thoroughfare Impact Fee Fund balance is scheduled to decrease by fifty percent
to fund a portion of the First Street (Coit ‐ Custer) 4‐lane roadway expansion project. This multi‐year project has
multiple funding sources and is currently estimated around $22.085M.
West Thoroughfare – roadway capital improvement projects shown on the Town’s adopted Thoroughfare Plan
west of Preston Road.
152
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Impact Fees 5,724,073 3,500,000 4,400,000 3,500,000 3,250,000 3,250,000 3,250,000 3,250,000
Investment Income 28,452 20,000 40,000 45,000 45,000 45,000 45,000 45,000
TOTAL REVENUES 5,752,525$ 3,520,000$ 4,440,000$ 3,545,000$ 3,295,000$ 3,295,000$ 3,295,000$ 3,295,000$
EXPENDITURES Operations-Developer Agreements 332,832 1,310,000 -1,284,000 1,550,000 1,500,000 1,300,000 250,000
Capital 244 10,100,000 175,750 4,624,250 - - - 10,000,000
TOTAL EXPENDITURES 333,076$ 11,410,000$ 175,750$ 5,908,250$ 1,550,000$ 1,500,000$ 1,300,000$ 10,250,000$
Period Excess / (Deficit)5,419,449$ (7,890,000)$ 4,264,250$ (2,363,250)$ 1,745,000$ 1,795,000$ 1,995,000$ (6,955,000)$
OTHER FINANCING Transfers In - - - - - - - -
Transfers Out - - (9,000,000) - - - - -
TOTAL OTHER FINANCING SOURCES (USES)-$ -$ (9,000,000)$ -$ -$ -$ -$ -$
NET CHANGE IN FUND BALANCE 5,419,449$ (7,890,000)$ (4,735,750)$ (2,363,250)$ 1,745,000$ 1,795,000$ 1,995,000$ (6,955,000)$
BEGINNING FUND BALANCE 4,271,873$ 9,691,322$ 9,691,322$ 4,955,572$ 2,592,322$ 4,337,322$ 6,132,322$ 8,127,322$
ENDING UNRESTRICTED FUND BALANCE 9,691,322$ 1,801,322$ 4,955,572$ 2,592,322$ 4,337,322$ 6,132,322$ 8,127,322$ 1,172,322$
Water Impact Fee Fund Summary
153
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Impact Fees 1,943,036 2,000,000 1,990,000 1,750,000 1,500,000 1,500,000 1,500,000 1,500,000
Equity Fees 471,000 300,000 424,000 300,000 300,000 300,000 250,000 250,000
Investment Income 13,477 16,000 13,000 14,625 14,625 14,625 14,625 14,625
TOTAL REVENUES 2,427,513$ 2,316,000$ 2,427,000$ 2,064,625$ 1,814,625$ 1,814,625$ 1,764,625$ 1,764,625$
EXPENDITURES Operations-Developer Reimbursements 2,486,480 1,295,000 1,462,000 1,505,000 1,435,000 1,275,000 1,375,000 430,000
Capital - 1,975,000 363,000 112,000 2,359,669 - - -
TOTAL EXPENDITURES 2,486,480$ 3,270,000$ 1,825,000$ 1,617,000$ 3,794,669$ 1,275,000$ 1,375,000$ 430,000$
Period Excess / (Deficit)(58,967)$ (954,000)$ 602,000$ 447,625$ (1,980,044)$ 539,625$ 389,625$ 1,334,625$
OTHER FINANCING Transfers In - - - - - - - -
Transfers Out - - (1,500,000) - - - - -
TOTAL OTHER FINANCING SOURCES (USES)-$ -$ (1,500,000)$ -$ -$ -$ -$ -$
NET CHANGE IN FUND BALANCE (58,967)$ (954,000)$ (898,000)$ 447,625$ (1,980,044)$ 539,625$ 389,625$ 1,334,625$
BEGINNING FUND BALANCE 2,792,362$ 2,733,395$ 2,733,395$ 1,835,395$ 2,283,020$ 302,976$ 842,601$ 1,232,226$
-$
ENDING UNRESTRICTED FUND BALANCE 2,733,395$ 1,779,395$ 1,835,395$ 2,283,020$ 302,976$ 842,601$ 1,232,226$ 2,566,851$
Wastewater Impact Fee Fund Summary
154
FUND BALANCEFUNDACCOUNT TYPEACTUAL2020‐2021AMENDED BUDGET2021‐2022PROJECTED2021‐2022ADOPTED BUDGET2022‐2023PLANNING YEAR 2023‐2024PLANNING YEAR 2024‐2025PLANNING YEAR 2025‐2026PLANNING YEAR 2026‐2027REVENUESImpact Fees1,789,012 1,200,000 1,100,000 1,000,000 900,000 900,000 900,000 900,000 Investment Income13,426 9,000 12,000 14,000 14,000 14,000 14,000 14,000 TOTAL REVENUES1,802,438$ 1,209,000$ 1,112,000$ 1,014,000$ 914,000$ 914,000$ 914,000$ 914,000$ EXPENDITURESOperations‐Developer Reimbursements512,770 175,000 175,000 225,000 ‐ ‐ ‐ ‐ Capital690,320 2,609,305 372,562 1,100,000 ‐ ‐ ‐ ‐ TOTAL EXPENDITURES1,203,090$ 2,784,305$ 547,562$ 1,325,000$ ‐$ ‐$ ‐$ ‐$ Period Excess / (Deficit)599,348$ (1,575,305)$ 564,438$ (311,000)$ 914,000$ 914,000$ 914,000$ 914,000$ OTHER FINANCINGTransfers In‐ ‐ ‐ ‐ ‐ ‐ ‐ ‐ Transfers Out‐ ‐ (2,180,000) ‐ ‐ ‐ ‐ ‐ TOTAL OTHER FINANCING SOURCES (USES)‐$ ‐$ (2,180,000)$ ‐$ ‐$ ‐$ ‐$ ‐$ NET CHANGE IN FUND BALANCE599,348$ (1,575,305)$ (1,615,562)$ (311,000)$ 914,000$ 914,000$ 914,000$ 914,000$ BEGINNING FUND BALANCE2,192,887$ 2,792,235$ 2,792,235$ 1,176,673$ 865,673$ 1,779,673$ 2,693,673$ 3,607,673$ ENDING UNRESTRICTED FUND BALANCE2,792,235$ 1,216,930$ 1,176,673$ 865,673$ 1,779,673$ 2,693,673$ 3,607,673$ 4,521,673$ East Thoroughfare Impact Fee Fund Summary155
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Impact Fees 6,490,528 4,000,000 4,800,000 4,000,000 3,250,000 3,250,000 3,250,000 3,250,000
Investment Income 30,673 15,000 40,000 45,000 45,000 45,000 45,000 45,000
TOTAL REVENUES 6,521,201$ 4,015,000$ 4,840,000$ 4,045,000$ 3,295,000$ 3,295,000$ 3,295,000$ 3,295,000$
EXPENDITURES Operations-Developer Agreements 1,286,603 5,300,000 6,363,299 2,950,000 675,000 675,000 875,000 450,000
Capital 247,588 24,309 41,505 6,600,000 - 5,000,000 - -
TOTAL EXPENDITURES 1,534,191$ 5,324,309$ 6,404,804$ 9,550,000$ 675,000$ 5,675,000$ 875,000$ 450,000$
-
Period Excess / (Deficit)4,987,010$ (1,309,309)$ (1,564,804)$ (5,505,000)$ 2,620,000$ (2,380,000)$ 2,420,000$ 2,845,000$
OTHER FINANCING Transfers In - - - - - - - -
Transfers Out - - - - - - - -
TOTAL OTHER FINANCING SOURCES (USES)-$ -$ -$ -$ -$ -$ -$ -$
NET CHANGE IN FUND BALANCE 4,987,010$ (1,309,309)$ (1,564,804)$ (5,505,000)$ 2,620,000$ (2,380,000)$ 2,420,000$ 2,845,000$
BEGINNING FUND BALANCE 2,899,566$ 7,886,576$ 7,886,576$ 6,321,772$ 816,772$ 3,436,772$ 1,056,772$ 3,476,772$
ENDING FUND BALANCE 7,886,576$ 6,577,267$ 6,321,772$ 816,772$ 3,436,772$ 1,056,772$ 3,476,772$ 6,321,772$
West Thoroughfare Impact Fee Fund Summary
156
Solid Waste Fund Description
The Solid Waste Fund accounts for all costs in providing solid waste services to residential and commercial
customers. The operations necessary to provide such services include Administration and Trash Collection
Services. The operations of the Solid Waste Fund are financed and operated in a manner similar to a private
business enterprise where expenses (including depreciation) of providing services are recovered primarily
through user charges.
An annual cash transfer from the Solid Waste Fund to the General Fund is made for payment of
administrative overhead costs incurred. Administrative services, such as operations management, financial
management, purchasing, and payroll are included in this overhead charge.
157
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Sanitation Charges for Services - - - 2,158,200 2,352,438 2,517,109 2,693,306 2,881,838
Investment Income - - - - - - - -
Other - - - - - - - -
TOTAL REVENUES -$ -$ -$ 2,158,200$ 2,352,438$ 2,517,109$ 2,693,306$ 2,881,838$
EXPENDITURES
Trash Collection Services - - - 2,158,200 2,352,438 2,517,109 2,693,306 2,881,838
Other - - - 1,750,000 - - - -
TOTAL EXPENDITURES -$ -$ -$ 3,908,200$ 2,352,438$ 2,517,109$ 2,693,306$ 2,881,838$
Period Excess / (Deficit)-$ -$ -$ (1,750,000)$ -$ -$ -$ -$
OTHER FINANCING Transfers In - - - 1,750,000 - - - -
Transfers Out - - - - - - - -
TOTAL OTHER FINANCING SOURCES (USES)-$ -$ -$ 1,750,000$ -$ -$ -$ -$
NET CHANGE IN FUND BALANCE -$ -$ -$ -$ -$ -$ -$ -$
BEGINNING FUND BALANCE -$ -$ -$ -$ -$ -$ -$ -$
ENDING FUND BALANCE -$ -$ -$ -$ -$ -$ -$ -$
Solid Waste Fund Summary
158
Stormwater Drainage Utility Fund Description
The Town's Stormwater Drainage Division is managed in a coordinated fashion by both the Town's Engineering
and Public Works Departments. Engineering selects consultants and contractors to design and construct major
repairs and improvements to the Town's stormwater systems, and reviews flood studies and drainage plans to
ensure conformance with Federal, State and Town codes. Public Works' stormwater and drainage crews maintain
all improved and unimproved drainage facilities within the Town to ensure the free flow of stormwater and to
minimize the probability of structure flooding. The Stormwater Drainage Division also administers the Phase II
Municipal Separate StormWater System (MS4) Permit by implementing and managing programs to improve
water quality in accordance with regulatory requirements through public education, eliminating illicit discharges,
and control of construction site runoff.
159
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Stormwater Drainage Fees 739,641 758,100 800,000 825,000 849,750 875,243 901,500 928,545
Other 6,370 3,000 3,000 3,000 3,000 3,000 3,000 3,000
Transfer In - 531,449 531,449 - - - - -
Investment Income 1,846 2,200 1,500 1,800 1,800 1,800 1,800 1,800
TOTAL REVENUES 747,857$ 1,294,749$ 1,335,949$ 829,800$ 854,550$ 880,043$ 906,300$ 933,345$
EXPENDITURES Operating Expenses 219,989 314,530 310,693 270,091 278,194 286,540 295,136 303,990
Debt Service 245,592 784,591 784,591 217,575 219,250 215,050 220,125 219,125
Capital - 763,323 763,323 200,000 225,000 225,000 225,000 225,000
Transfers Out 98,843 99,834 99,834 107,996 111,236 114,573 118,010 121,550
TOTAL EXPENDITURES 564,424$ 1,962,278$ 1,958,441$ 795,662$ 833,680$ 841,163$ 858,271$ 869,665$
Period Excess / (Deficit)183,433$ (667,529)$ (622,492)$ 34,138$ 20,870$ 38,880$ 48,029$ 63,680$
NET CHANGE IN FUND BALANCE 183,433$ (667,529)$ (622,492)$ 34,138$ 20,870$ 38,880$ 48,029$ 63,680$
BEGINNING FUND BALANCE 632,579$ 816,012$ 816,012$ 193,520$ 227,658$ 248,528$ 287,408$ 335,437$
ENDING FUND BALANCE 816,012$ 148,483$ 193,520$ 227,658$ 248,528$ 287,408$ 335,437$ 399,117$
AMOUNT OVER (UNDER) IN DAYS OPERATING COST 520 27 36 103 107 123 141 165
Stormwater Drainage Utility Fund Summary
160
DEPARTMENT:DIVISION:
Engineering Administration - Stormwater
• Stormwater Maintenance Information for HOA's
1. Stormwater staff inspection of all drainage features.
• Verify that the Town meets the requirements of the MS4 Permit.
ACTIVITY DEMAND / ACTIVITY WORKLOAD ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Inspect new development construction projects, post-construction BMP's, FOG
facilities, and residents' complaints within the Town's Jurisdiction to verify
compliance with TCEQ Stormwater requirements
600 660 500
Home Building Inspections (per individual lots)-4,020 6,000
Number of developments requiring annual post-construction BMP audits 40 45 50
Inquiries/Complaints from residents 50 45 50
Hours spent on 'Education' part of Stormwater program including community
events, mailers, middle school visits, inlet markers, social media, et al.-70 100
Hours spent on post-construction BMP audits and coordinating with HOA's on
remedies.-48 80
Complete Annual MS4 permit update/Insure that Town's MS4 paperwork is in
order Annually Annually Annually
TOWN OF PROSPER
PROGRAM DESCRIPTION
The core service of the Stormwater Drainage Division is to ensure compliance with the Phase II Municipal Separate Storm Sewer System
(MS4)Permit by implementing and managing programs to improve water quality in accordance with regulatory requirements, through
public education, by eliminating illicit discharges, and rigorous construction site runoff control.
GOALS AND OBJECTIVES
Town Council Goal - Investment in Prosper's Future
3. Update ordinance and/or Stormwater program to require operations and maintenance manual for all new developments based on
design consultants’ recommendations.
2. Distribute a pamphlet/brochure that educates all existing HOA’s and property owners on proper maintenance techniques.
• Educate the construction community as well as the general community at large regarding best management practices (BMPs) for
erosion control measures to improve stormwater quality.
161
DEPARTMENT:DIVISION:
Engineering Administration - Stormwater
TOWN OF PROSPER
EFFICIENCY / EFFECTIVENESS MEASURES ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Inspect new development construction projects within the Town's jurisdiction
monthly to verify compliance with TCEQ Stormwater requirements 100%100%100%
Inspect and provide annual (educational) audits for drainage facilities to HOA's 50%90%100%
Home Building lots in Compliance -75%90%
EXPENDITURE SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Personnel $ 158,123 173,190$ $ 181,914
Operations 44,873 136,240 82,347
Capital - 200,000 200,000
Transfers 98,843 663,157 107,996
Debt Service 98,542 784,591 217,575
VERF Charges for Service 6,083 1,263 5,830
TOTAL $ 406,464 $ 1,958,441 $ 795,662
PERSONNEL SUMMARY ACTUAL
2020-2021
REVISED
2021-2022
BUDGET
2022-2023
Stormwater Utility Administrator 1.00 1.00 1.00
Utility Worker 1.00 1.00 1.00
TOTAL 2.00 2.00 2.00
Director of
Engineering
Services
Assistant Director of
Engineering Services -
Development
Stormwater Utility
Administrator
Director of Public
Works
Street
Superintendent
Utility Worker
162
Special Revenue Funds Description
Special Revenue Funds are used to account for the proceeds of specific revenue sources that are normally
restricted to expenditures for specified purposes. The following funds have been consolidated and presented in
one summary.
Tree Mitigation Fee ‐ This fee is received from the development community in lieu of replanting trees, or
preserving existing trees per the Town's Tree Preservation ordinance.
Court Technology Fund ‐ This fund is to account for a misdemeanor offense and pay a technology fee of $4 as
technology cost of the Court. These funds are used to finance the purchase of, or to maintain technology
enhancements for the Municipal Court for the following: computer systems, networks, hardware and software,
electric kiosks, electronic ticket writers, and docket management systems.
Court Security Fund ‐ This fund is used to account for a misdemeanor offense and pay a $4.90 security fee as a
cost of the court. These funds are used to finance security personnel, services and items related to the facility
that house the operations of the municipal court.
Contributions Fund ‐ This fund is used to account for various special revenue sources. Typical revenues seen in
this fund would include Police Department donations, Fire Department donations, Police Seized funds, Child
Safety funds, and developer contributions.
Coronavirus Aid, Relief, and Economic Security (CARES Act Fund) American Rescue Plan Act (ARPA) Fund ‐ These
fund are used to account for grant funds awarded and expenditures related to the CARES act and the ARPA act.
The first round of ARPA funds was received in fiscal year 20/21 and the second round is expected to be received
in fiscal year 21/22. This will lead to an increase in fund balance in the Special Revenue Funds. The funds are
currently slated for expenditure in fiscal year 22/23 on a wastewater infrastructure project.
163
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Police Donations 14,188 14,000 15,000 15,500 15,500 15,500 15,500 15,500
Fire Donations 14,610 13,500 15,000 15,500 15,500 15,500 15,500 15,500
Child Safety Fees 14,358 12,000 28,000 28,000 25,000 25,000 25,000 25,000
Court Security Revenue 8,321 8,000 7,350 8,000 8,000 8,000 8,000 8,000
Municipal Jury Revenue 157 150 150 150 150 150 150 150
Court Technology Revenue 7,116 7,000 7,000 7,500 7,500 7,500 7,500 7,500
Tree Mitigation Revenue 339,212 - 22,400 - - - - -
Escrow Income 579,712 - -- - - - -
CARES Act/American Rescue Plan Act Revenue - 3,045,165 3,045,165 3,045,165 - - - -
Cash Seizures 5,575 - - - - - - -
Miscellaneous 3,111 - 2,997 3,000 - - - -
Interest Income 3,260 1,425 2,175 2,425 2,425 2,425 2,425 2,425
TOTAL REVENUES 989,620$ 3,101,240$ 3,145,237$ 3,125,240$ 74,075$ 74,075$ 74,075$ 74,075$
EXPENDITURES General Government 46,117 275,404 439,014 130,058 74,075 74,075 74,075 74,075
CARES ACT/American Rescue Plan Act - - - - 6,090,330 - - -
Other - Escrow Funds 664,264 - - - - - - -
TOTAL EXPENDITURES 710,381$ 275,404$ 439,014$ 130,058$ 6,164,405$ 74,075$ 74,075$ 74,075$
Period Excess / (Deficit)279,239$ 2,825,836$ 2,706,223$ 2,995,182$ (6,090,330)$ -$ -$ -$
NET CHANGE IN FUND BALANCE 279,239$ 2,825,836$ 2,706,223$ 2,995,182$ (6,090,330)$ -$ -$ -$
BEGINNING FUND BALANCE 567,535$ 846,774$ 846,774$ 3,552,997$ 6,548,179$ 457,849$ 457,849$ 457,849$
ENDING FUND BALANCE 846,774$ 3,672,610$ 3,552,997$ 6,548,179$ 457,849$ 457,849$ 457,849$ 457,849$
Special Revenue Fund Summary
164
Vehicle and Equipment Replacement Fund Description
The Town established the Vehicle and Equipment Replacement Fund (VERF) in Fiscal Year 2013‐2014 to
accumulate sufficient resources to replace existing vehicles and equipment when they reach or exceed their
useful life. The internal program was designed for departments to contribute annual payments to the fund based
on the number, type, average life expectancy, and the projected replacement cost of the vehicles/equipment.
The intent was for funds to be managed to purchase Town vehicles and equipment in a manner that would not
create a burden on the Town budget. Annual contributions are determined by amortizing the replacement cost
for the life expectancy of the vehicle/equipment and are allocated as charges for services from each department.
Balances at the department level are calculated each year and adjustments are made to replacement values as
needed. In addition to budgeted annual contributions, each department is credited for proceeds of auctioned
vehicles/equipment, as well as interest earned for the year. These proceeds are considered when determining
contribution needs for the following fiscal year.
165
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Charges for Services 812,273 1,170,198 1,170,918 1,385,257 1,385,257 1,385,257 1,385,257 1,385,257
Other 308,637 136,500 150,000 150,000 100,000 100,000 100,000 100,000
Interest Income 10,374 20,000 20,000 25,000 25,000 25,000 25,000 25,000
TOTAL REVENUES 1,131,284$ 1,326,698$ 1,340,918$ 1,560,257$ 1,510,257$ 1,510,257$ 1,510,257$ 1,510,257$
EXPENDITURES Technology Expenses 36,380 255,700 259,838 145,200 72,700 83,700 69,400 65,000
Equipment Expenses 419,920 33,300 33,300 318,906 200,737 432,717 75,103 15,295
Vehicle Expenses 471,455 746,541 761,914 754,100 585,987 748,974 1,333,739 999,919
TOTAL EXPENDITURES 927,755$ 1,035,541$ 1,055,052$ 1,218,206$ 859,424$ 1,265,391$ 1,478,242$ 1,080,214$
Period Excess / (Deficit)203,529$ 291,157$ 285,866$ 342,051$ 650,833$ 244,866$ 32,015$ 430,043$
NET CHANGE IN FUND BALANCE 203,529$ 291,157$ 285,866$ 342,051$ 650,833$ 244,866$ 32,015$ 430,043$
BEGINNING FUND BALANCE 3,741,880$ 3,945,409$ 3,945,409$ 4,231,275$ 4,573,326$ 5,224,159$ 5,469,025$ 5,501,040$
ENDING FUND BALANCE 3,945,409$ 4,236,566$ 4,231,275$ 4,573,326$ 5,224,159$ 5,469,025$ 5,501,040$ 5,931,083$
Vehicle and Equipment Replacement Fund Summary
166
DEPARTMENT MODEL YEAR MAKE MODEL
ESTIMATED
REPLACEMENT
COST
Vehicles
Non-Departmental 2015 Ford Explorer 34,000
Police Operations 2019 Chevrolet Tahoe 73,500
Police Operations 2019 Chevrolet Tahoe 73,500
Police Operations 2019 Chevrolet Tahoe 73,500
Police Operations 2019 Chevrolet Tahoe 73,500
Police Operations 2019 Chevrolet Tahoe 82,000
Fire 2008 Cargo 13,400
Building Inspections 2015 Ford F150 36,500
Public Works/Water 2008 GMC C8500 165,000
Public Works/Water 2015 Ford F350 43,500
Public Works/Water 2015 Ford F150 36,500
Public Works/Water 2015 Ford F150 36,500
Public Works/WW 2008 Best Built Trailor 12,700
Total cost of vehicle replacements 754,100$
Equipment
Parks Operations 2011 Kubota Tractor 40,828
Parks Operations 2011 Kubota Tractor 40,828
Parks Operations 2011 Weidman Verticutter 51,250
Parks Operations 2013 John Deere 11,000
Public Works/Water 2008 Bush Hog Mower 27,000
Public Works/Wastewater 2015 VAC-TRON 500 Gallon Vac/Jetter 148,000
Total cost of equipment replacements 318,906$
Total cost of all replacements 1,073,006$
Vehicle and Equipment Replacement Listing
Items to be replaced in Fiscal Year 2022-2023
167
Health Insurance Trust Fund Description
The Town of Prosper initiated a self‐funded health and dental plan effective January 1, 2017 for Town employees
and their dependents. The Town maintains the Employee Health Insurance Trust Fund to account for the Town's
employee health and dental care coverage. In addition, excess insurance has been obtained for an individual unit
health and prescription drug claims exceeding $75,000. The Town's claim administrator is UMR for medical
claims and ProAct for pharmacy claims.
168
FUND BALANCE
FUND ACCOUNT TYPE
ACTUAL
2020-2021
AMENDED BUDGET
2021-2022
PROJECTED
2021-2022
ADOPTED BUDGET
2022-2023
PLANNING YEAR
2023-2024
PLANNING YEAR
2024-2025
PLANNING YEAR
2025-2026
PLANNING YEAR
2026-2027
REVENUES Employer Contributions 2,465,289 3,221,092 3,776,192 3,738,578 4,112,436 4,523,679 4,976,047 5,473,652
Employee Contributions 792,711 833,796 833,796 903,506 993,857 1,093,242 1,202,566 1,322,823
Investment Income 1,470 5,000 2,500 5,000 5,000 5,000 5,000 5,000
Other Income 388,366 - 150,000 250,000 250,000 250,000 250,000 250,000
TOTAL REVENUES 3,647,836$ 4,059,888$ 4,762,488$ 4,897,084$ 5,361,293$ 5,871,921$ 6,433,613$ 7,051,475$
EXPENDITURES Operating Expenses 351,597 325,025 395,228 381,371 419,508 461,459 507,605 558,365
Claims 3,203,920 3,380,563 3,974,461 4,148,140 4,562,954 5,019,249 5,521,174 6,073,292
Insurance 281,197 340,426 336,053 395,854 407,730 419,962 432,560 445,537
Wellness Program - 6,000 6,000 6,000 6,000 6,000 6,000 6,000
TOTAL EXPENDITURES 3,836,714$ 4,052,014$ 4,711,742$ 4,931,365$ 5,396,192$ 5,906,670$ 6,467,339$ 7,083,194$
Period Excess / (Deficit)(188,878)$ 7,874$ 50,746$ (34,281)$ (34,899)$ (34,749)$ (33,726)$ (31,719)$
NET CHANGE IN FUND BALANCE (188,878)$ 7,874$ 50,746$ (34,281)$ (34,899)$ (34,749)$ (33,726)$ (31,719)$
BEGINNING FUND BALANCE 756,091$ 567,213$ 567,213$ 617,959$ 583,678$ 548,779$ 514,030$ 480,304$
ENDING FUND BALANCE 567,213$ 575,087$ 617,959$ 583,678$ 548,779$ 514,030$ 480,304$ 448,585$
Health Insurance Trust Fund Summary
169
170
MULTI-YEAR CAPITAL
PLAN
171
172
CIP Project Prior Yrs FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 TOTAL
STREET:
First Street (DNT - Coleman)4,012$ 16,775$ 20,787$
First Street (Coit - Custer)25,135$ 1,750$ 26,885$
Fishtrap (Teel Parkway - Gee Road)6,425$ 6,425$
Gee Road (Fishtrap - Windsong)3,770$ 1,179$ 4,949$
Fishtrap (Elem - DNT)23,757$ 7,050$ 30,807$
Fishtrap Segment 2 (PISD Reimbursement)1,063$ 1,063$
Coit Road (First - Frontier) 1,290$ 800$ 9,200$ 11,290$
Teel (US 380 Intersection Improvements)610$ 670$ 1,280$
Preston Road / First Street Dual Left Turns 100$ 800$ 900$
Preston Road / Prosper Trail Dual Left Turns 100$ 800$ 900$
Coit Road / US 380 SB Dual Left Turns 300$ 300$
Craig Street (Preston - Fifth)450$ 3,000$ 3,450$
Coleman (Gorgeous - Prosper Trail): (Design/ROW)1,150$ 350$ 5,500$ 7,000$
Coleman (Prosper Trail - Talon): (ROW)375$ 345$ 2,700$ 3,420$
Legacy (Prairie - Fishtrap) 850$ 575$ 6,800$ 8,225$
Parvin Road (FM 1385 – Legacy): (Design) 800$ 800$
Gorgeous (McKinley – Coleman): (ROW)500$ 500$
NTTA
DNT Overpass at US 380 (Braided Ramps)9,030$ 9,030$
DNT Main Lanes (US 380 - FM 428)5,493$ 5,493$
TOTAL STREET 68,024$ 33,182$ 5,493$ 9,605$ 15,000$ 12,200$ 143,504$
TRAFFIC:
Median Lighting US 380 (Mahard - Lovers Ln) 300$ 300$
Traffic Signal - FM 2478 & First Street (TxDOT)500$ 500$
TOTAL TRAFFIC -$ 800$ -$ -$ -$ -$ 800$
PARK:
Star Trail Park #3 (7.5 Acres / No Lights)535$ 535$
Pecan Grove Phase 2 (21.5 Acres / No Lights)793$ 115$ 908$
Lakewood Preserve, Phase 2 (22 Acres/Lights)3,845$ 400$ 4,245$
Windsong Park #3 750$ 750$
Town Hall Open Space 200$ 200$
Star Trail H&B Trail Phase 1, 2, 3, and 4 200$ 200$ 400$
Windsong H&B Trail Ph 3C, 5, 6A, 7, 8, and 9 1,827$ 495$ 2,322$
Westside Waterline Trail Connection 800$ 800$
Raymond Community Park Phase 1 1,200$ 18,000$ 19,200$
US 380 Green Ribbon Landscape (Lovers - Mahard)95$ 1,500$ 1,595$
TOTAL PARK 7,960$ 3,765$ 18,495$ 535$ 200$ -$ 30,955$
FACILITY:
Fire Station #4 600$ 9,400$ 10,000$
Public Safety Training Facility, Phase 1 600$ 5,400$ 6,000$
TOTAL FACILITY -$ 9,400$ -$ 600$ -$ 5,400$ 16,000$
TOTAL STREET, TRAFFIC, PARK, and FACILITY 75,984$ 47,147$ 23,988$ 10,740$ 15,200$ 17,600$ 190,659$
CIP Project Prior Yrs FY 2023 FY 2024 FY 2025 FY 2026 FY 2027 TOTAL
WATER:
LPP Water Line Phase 2A 9,684$ 3,600$ 13,284$
FM 1461 12-inch Water Line Relocation 400$ 3,000$ 3,400$
DNT (PT - Frontier), Frontier (DNT - PISD Stad.) 12" WL 200$ 4,500$ 4,700$
TOTAL WATER 10,284$ 11,100$ -$ -$ -$ -$ 21,384$
WASTEWATER:
Wilson Creek WW Line 400$ 400$
Upper Doe Branch WW Line (Teel - PISD Stadium)475$ 4,050$ 4,525$
UTRWD
Doe Branch Parallel Interceptor 1,500$ 3,500$ 5,000$
Doe Branch, Phase 3 WWTP 14,500$ 14,500$
TOTAL WASTEWATER 1,975$ 7,950$ 14,500$ -$ -$ -$ 24,425$
TOTAL WATER and WASTEWATER 12,259$ 19,050$ 14,500$ -$ -$ -$ 45,809$
FY 2023 - FY 2027 Capital Improvement Program ($000's)
General Fund Projects
FY 2023 - FY 2027 Capital Improvement Program ($000's)
Enterprise Fund Projects
173
0 1 20.5 Miles
µ
*
*
*
W
W
W
W
WWWWWWW
WWWWWWWWWWWWWW
WW
W
W
WW
WW
General Fund Projects Enterprise Fund Projects
Water
Wastewater
FY 2023 - FY 2027 Capital Improvement Plan
(Construction Schedule)
W
WW
Parvin Road
Prosper Trail Prosper Trail
First Street
US 380US 380
Fishtrap Road
FM 1461 (Frontier Parkway)Teel ParkwayLegacy DriveFM 1385Coit RoadFM 2478 (Custer Road)US 380FM 1385SH 289 (Preston Road)Dallas North TollwayGee Road
Gee RoadLegacy DriveSH 289 (Preston Road)Frontier Parkway
BNSF RailroadCurrent
FY 2023
FY 2024
FY 2025
FY 2026
FY 2027
Parvin Road
Craig RoadStreet
Intersection
Street Lighting
Traffic Signal
Median Landscaping
**
Facility
174
APPENDIX
175
176
Supplemental Budget Requests
Each year departments are provided with a base operating budget for their department. Any additional funding
requests are made as supplemental requests. There are two categories of supplemental request:
Non‐Discretionary ‐ These are considered necessary for maintaining service delivery at current levels, and are
usually the result of goods or services required by the Town. These requests are considered higher priority than
Discretionary packages, as denial of these requests would reduce the level of service currently provided to the
citizens of Prosper. Non‐Discretionary packages might include increased costs for maintenance contracts,
electricity, paper and printing, postage, phone rates, internet access, etc.
Discretionary ‐ These should be completed for new personnel or other increases or additions to current service
levels. The Executive Team will rank all new Discretionary packages from each fund. The Town Manager will
determine if the requests are funded in the budget submission to the Town Council. Every discretionary package
will be presented to Town Council regardless of the funding status.
Discretionary packages are separated into three priority rankings:
Discretionary 1 ‐ Must do
Discretionary 2 ‐ Should do
Discretionary 3 ‐ Nice to do
177
TOWN OF PROSPERFY 2022‐2023DISCRETIONARY PACKAGESGENERAL FUNDDEPTNET NET TOTAL TOTAL # DIV/DEPT RANK DISCRETIONARY PACKAGE TITLE FTEs ONE‐TIME ON GOING COSTS REVENUE NET COSTS FINANCE 1 ENTERPRISE RESOURCE PLANNING (ERP) SOFTWARE SYSTEM 12,899 873,249 886,148 ‐ 886,148 FINANCE 2 SENIOR ACCOUNTANT (NEW PERSONNEL)1.0 5,490 94,022 99,512 ‐ 99,512 FINANCE 4 BUYER ‐ PUBLIC SAFETY (NEW PERSONNEL)1.0 13,740 76,022 89,762 ‐ 89,762 HR1 ACCESS BADGE PRINTER3,500 ‐ 3,500 ‐ 3,500 IT1 GIS ‐ GIS ANALYST (NEW PERSONNEL)1.0 32,180 94,704 126,884 ‐ 126,884 IT3 GIS ‐ GPS HARDWARE 17,537 6,360 23,897 ‐ 23,897 IT4 IT ‐ MANAGED DETECTION AND RESPONSE (MDR) PLATFORM ‐ 22,000 22,000 ‐ 22,000 IT6 GIS ‐ NEARMAP IMAGERY EXPANSION‐ 11,975 11,975 ‐ 11,975 IT7 GIS ‐ LASERFICHE INTEGRATION8,225 1,750 9,975 ‐ 9,975 IT9 IT ‐ DOMAIN NAME 20 YEAR REGISTRATION8,000 ‐ 8,000 ‐ 8,000 COMMUNICATIONS1 MULTIMEDIA SPECIALIST (NEW PERSONNEL)0.5 11,790 38,565 50,355 ‐ 50,355 COMMUNICATIONS3 VIDEOGRAPHY AND PHOTOGRAPHY SERVICES ‐ 5,000 5,000 ‐ 5,000 COMMUNICATIONS4 STORAGE CABINETS FOR COMMUNICATIONS SUITE 2,000 ‐ 2,000 ‐ 2,000 MUNICIPAL COURT1 TICKET WRITERS AND PRINTERS8,000 ‐ 8,000 ‐ 8,000 POLICE OPERATIONS3 TWO LIEUTENANTS ‐ PATROL (NEW PERSONNEL)2.0 166,012 291,697 457,709 ‐ 457,709 POLICE OPERATIONS5 RCLS RECORDS CLERK TO RECORDS COORD/CASE MANAGER‐ 5,011 5,011 ‐ 5,011 POLICE OPERATIONS8 CRIME ANALYST (NEW PERSONNEL)1.08,091 82,013 90,104 ‐ 90,104 POLICE OPERATIONS9 STRATIFIED POLICING ACCOUNTABILITY MODEL 53,000 ‐ 53,000 ‐ 53,000 POLICE OPERATIONS10 ICS/SMARTFORCE INTEGRATION 35,000 5,000 40,000 ‐ 40,000 POLICE OPERATIONS11 POOL VEHICLE PROGRAM ‐ BACKUP VEHICLES FOR PATROL 32,589 13,000 45,589 ‐ 45,589 POLICE OPERATIONS12 CYBERCRIME INVESTIGATIONS SOFTWARE ‐ 11,547 11,547 ‐ 11,547 POLICE OPERATIONS13 EVIDENCE LOCKERS FOR ELECTRONICS 4,749 ‐ 4,749 ‐ 4,749 9‐1‐1 COMMUNICATIONS 1 TWO 9‐1‐1 COMMUNICATIONS LEADS (NEW PERSONNEL)2.0422 129,308 129,730 ‐ 129,730 FIRE OPERATIONS1 THREE CAPTAIN‐PARAMEDICS (1/SHIFT) (NEW PERSONNEL)3.0 22,482 428,749 451,231 ‐ 451,231 FIRE OPERATIONS2 THREE DRIVER/ENGINEER/PARAMEDICS (1/SHIFT) (NEW PERSONNEL) 3.09,374 392,523 401,897 ‐ 401,897 FIRE OPERATIONS3 NINE FIREFIGHTER‐PARAMEDICS (3/SHIFT) (NEW PERSONNEL)9.0 67,943 976,914 1,044,857 ‐ 1,044,857 FIRE OPERATIONS4 TACTICAL EMS (TEMS)‐ 32,100 32,100 ‐ 32,100 FIRE OPERATIONS5 CHEVY SILVERADO ‐ DIVISION CHIEF OF TRAINING 94,755 2,335 97,090 ‐ 97,090 FIRE OPERATIONS6 BUILDING SIGNAGE (CENTRAL FIRE STATION TO STATION 3)9,606 ‐ 9,606 ‐ 9,606 Building InspectionsIn‐Source Bureau Veritas (467,000) (467,000) (467,000)Building InspectionsPlan Inspectors to Replace Bureau Veritas2.0 234,000 234,000 234,000 CODE COMPLIANCE1 CODE COMPLIANCE OFFICER (NEW PERSONNEL)1.0 40,630 75,775 116,405 ‐ 116,405 PLANNING 1 SENIOR PLANNER (NEW PERSONNEL)1.0 4,910 92,089 96,999 ‐ 96,999 STREETS1 STREET SWEEPER VACUUM‐ 63,454 63,454 ‐ 63,454 STREETS3 UTILITY WORKER ‐ STREETS (NEW PERSONNEL)1.0 500 57,886 58,386 ‐ 58,386 FACILITIES MANAGEMENT 1 FACILITIES MANAGER (NEW PERSONNEL)1.0 39,495 120,330 159,825 ‐ 159,825 PARK ADMINISTRATION 1 RECLASS PARK PLANNING MANAGER TO ASST DIRECTOR‐ 19,650 19,650 ‐ 19,650 PARK ADMINISTRATION 3 CAPRA ACCREDITATION ‐ NRPA PRESENTATION 5,500 ‐ 5,500 ‐ 5,500 ADDITIONS178
TOWN OF PROSPERFY 2022‐2023DISCRETIONARY PACKAGESGENERAL FUNDDEPTNET NET TOTAL TOTAL # DIV/DEPT RANK DISCRETIONARY PACKAGE TITLE FTEs ONE‐TIME ON GOING COSTS REVENUE NET COSTS PARK ADMINISTRATION 4 RECLASS PARK PLANNER TO SENIOR PARK PLANNER‐ 14,118 14,118 ‐ 14,118 PARK ADMINISTRATION 5 CONTRACT LABOR CAPRA/RECREATION PROGRAMMING 10,000 20,000 30,000 ‐ 30,000 PARK ADMINISTRATION 6 CAPRA ACCREDITATION TRAVEL3,805 ‐ 3,805 ‐ 3,805 PARK ADMINISTRATION 9 US 380 GREEN RIBBON PROJECT (LOVERS LN TO MAHARD PARKWAY) 1,500,000 ‐ 1,500,000 1,500,000 ‐ PARK ADMINISTRATION 11 CHRISTMAS DECORATIONS ‐ 38,680 38,680 ‐ 38,680 PARK ADMINISTRATION 15 WINDSONG WEST PARK LAND INTERIM USES 30,000 ‐ 30,000 ‐ 30,000 RECREATION1 RECLASS REC SUPERVISOR TO REC MANAGER ‐ 21,569 21,569 ‐ 21,569 RECREATION2 RECREATION PROGRAMMING‐ 28,000 28,000 23,600 4,400 RECREATION3 DOWNTOWN SPECIAL EVENTS‐ 10,000 10,000 ‐ 10,000 RECREATION4 5K AND NEW RESIDENTS EVENT‐ 30,450 30,450 ‐ 30,450 LIBRARY1 ADDITIONAL COLOR PRINTER AND CABINET2,217 2,574 4,791 ‐ 4,791 LIBRARY2 ONE LIBRARY ASSISTANTS (NEW PERSONNEL)1.0 ‐ 48,674 48,674 ‐ 48,674 LIBRARY3 INTEGRATED LIBRARY SYSTEM UPGRADE7,600 7,500 15,100 ‐ 15,100 LIBRARY4 INCREASE LIBRARY COLLECTION‐ 3,000 3,000 ‐ 3,000 ENGINEERING 1 US 380 DECELERATION LANES DESIGN (DENTON COUNTY) 60,000 ‐ 60,000 ‐ 60,000 ENGINEERING 6 FRONTIER PARK EMERGENCY ACCESS 150,000 ‐ 150,000 ‐ 150,000 Supplemental Pay Increase = 1% 272,000 272,000 272,000 TOTAL PROPOSED30.5 $ 2,482,041 $ 4,286,593 $ 6,768,634 $ 1,523,600 $ 5,245,034 TOWN SECRETARY'S OFFICE1 INCREASE TRAVEL FUNDS‐ 700 700 ‐ 700 FINANCE 3 PURCHASING CLERK (NEW PERSONNEL)1.0 13,490 63,187 76,677 ‐ 76,677 FINANCE 5 BUYER ‐ PARKS/PUBLIC WORKS (NEW PERSONNEL)1.0 13,740 76,022 89,762 ‐ 89,762 IT2 IT ‐ HELP DESK TECHNICIAN (NEW PERSONNEL)1.0 24,790 74,677 99,467 ‐ 99,467 IT5 JOINT PD AND GIS ‐ DRONE PROGRAM 60,203 37,392 97,595 ‐ 97,595 IT8 GIS ‐ PART‐TIME GIS INTERN (NEW PERSONNEL)0.54,360 26,667 31,027 ‐ 31,027 COMMUNICATIONS1 MULTIMEDIA SPECIALIST (NEW PERSONNEL)0.5 11,790 39,789 51,579 ‐ 51,579 COMMUNICATIONS2 RECLASS P/T COMMUNITY ENGAGEMENT SPECIALIST TO F/T‐ 52,168 52,168 ‐ 52,168 COMMUNICATIONS5 PUBLIC ADDRESS (PA) SYSTEM1,000 ‐ 1,000 ‐ 1,000 POLICE OPERATIONS1 FOUR SERGEANTS ‐ PATROL (NEW PERSONNEL)4.0 286,408 572,709 859,117 ‐ 859,117 POLICE OPERATIONS2 RECLASS OFFICERS TO CORPORAL ‐ FOUR (4)‐ 61,856 61,856 ‐ 61,856 POLICE OPERATIONS4 DEPUTY CHIEF (NEW PERSONNEL)1.0 62,069 189,614 251,683 ‐ 251,683 POLICE OPERATIONS6 SERGEANT ‐ CID (NEW PERSONNEL)1.0 61,058 155,140 216,198 ‐ 216,198 POLICE OPERATIONS7 TWO DETECTIVES (NEW PERSONNEL)2.0 190,503 201,298 391,801 ‐ 391,801 9‐1‐1 COMMUNICATIONS 2 TWO 9‐1‐1 COMMUNICATIONS OFFICERS (NEW PERSONNEL)2.0422 74,604 75,026 ‐ 75,026 FIRE OPERATIONS7 AEROCLAVE EXTENDED SERVICE AGREEMENT‐ 1,500 1,500 ‐ 1,500 DEFERRED POSITIONS/ADJUSTED EXPENDITURES179
TOWN OF PROSPERFY 2022‐2023DISCRETIONARY PACKAGESGENERAL FUNDDEPTNET NET TOTAL TOTAL # DIV/DEPT RANK DISCRETIONARY PACKAGE TITLE FTEs ONE‐TIME ON GOING COSTS REVENUE NET COSTS FIRE MARSHAL1 FIRE INSPECTOR ‐ INVESTIGATOR (NEW PERSONNEL)1.0 82,906 102,435 185,341 ‐ 185,341 BUILDING INSPECTIONS 1 PART‐TIME ADMINISTRATIVE ASSISTANT (NEW PERSONNEL)0.511,359 46,903 58,262 ‐ 58,262 PLANNING 2 PLANNER (NEW PERSONNEL)1.0 13,979 78,374 92,353 ‐ 92,353 STREETS2 PUBLIC WORKS FUELING STATION ‐ PHASE 2 445,180 ‐ 445,180 ‐ 445,180 STREETS4 UTILITY CREW LEADER ‐ STREETS (NEW PERSONNEL)1.0 48,893 73,084 121,977 ‐ 121,977 STREETS5 PAVEMENT MARKING PROGRAM 15,400 ‐ 15,400 ‐ 15,400 FACILITIES MANAGEMENT 2 TOWN HALL FOUNTAIN REPAIR 250,000 ‐ 250,000 ‐ 250,000 PARK ADMINISTRATION 2 PARKS, RECREATION, AND OPEN SPACE MASTER PLAN 175,750 ‐ 175,750 ‐ 175,750 PARK ADMINISTRATION 7 SENIOR PARK PLANNER (NEW PERSONNEL)1.0 3,790 92,494 96,284 ‐ 96,284 PARK ADMINISTRATION 8LAKEWOOD PARK ADDITIONAL IMPROVEMENTS ‐ FUNDED IN PARK IMP. FUND 400,000 ‐ 400,000 ‐ 400,000 PARK ADMINISTRATION 10 DOWNTOWN POND IMPROVEMENTS 300,000 ‐ 300,000 ‐ 300,000 PARK ADMINISTRATION 12 POST OFFFICE LANDSCAPE IMPROVEMENTS AND MAINTENANCE 114,000 ‐ 114,000 ‐ 114,000 PARK ADMINISTRATION 13 URBAN FORESTER (NEW PERSONNEL)1.0 34,533 78,145 112,678 ‐ 112,678 PARK ADMINISTRATION 14 FRONTIER PARK STORAGE BUILDINGS 185,000 1,000 186,000 ‐ 186,000 PARK ADMINISTRATION 16 PARK GRAPHICAL RENDERINGS 55,000 ‐ 55,000 ‐ 55,000 PARK OPERATIONS1 IRRIGATION TECHNICIAN (NEW PERSONNEL)1.0 53,262 58,928 112,190 ‐ 112,190 PARK OPERATIONS2 WHITLEY PLACE POND IMPROVEMENT 30,000 ‐ 30,000 ‐ 30,000 LIBRARY2 TWO LIBRARY ASSISTANTS (NEW PERSONNEL)1.5 ‐ 97,353 97,353 ‐ 97,353 LIBRARY5 LIBRARY STRATEGIC PLAN 37,000 ‐ 37,000 ‐ 37,000 ENGINEERING 2 SENIOR TRAFFIC ENGINEER (NEW PERSONNEL)1.0 16,340 140,856 157,196 40,000 117,196 ENGINEERING 3 TRAFFIC SIGNAL COMMUNICATIONS PROGRAM ‐ PHASE 1 OF 3 70,000 ‐ 70,000 ‐ 70,000 ENGINEERING 4 ENGINEERING TECHNICIAN (NEW PERSONNEL)1.0 12,290 69,700 81,990 ‐ 81,990 ENGINEERING 5 FIRE STATION #1 EMERGENCY TRAFFIC SIGNAL 255,000 ‐ 255,000 ‐ 255,000 ENGINEERING 7 TRAFFIC COUNTS PROGRAM‐ 30,000 30,000 ‐ 30,000 ‐ ‐ ‐ TOTAL24.0 $ 3,339,515 $ 2,496,595 $ 5,836,110 $ 40,000 $ 5,796,110 180
TOWN OF PROSPERFY 2022‐2023DISCRETIONARY PACKAGESWATER/SEWER FUNDDEPTNET NET TOTAL TOTAL # DIV/DEPT RANK DISCRETIONARY PACKAGE TITLE FTEs ONE‐TIME ON GOING COSTS REVENUE NET COSTS UTILITY BILLING1 RECLASS SENIOR UB CLERK TO UB SUPERVISOR‐ 3,310 3,310 ‐ 3,310 WATER1 MINI EXCAVATOR 214,242 23,804 238,046 ‐ 238,046 WATER2 CLEAN GROUND STORAGE TANKS 25,000 ‐ 25,000 ‐ 25,000 WATER3 RELOCATE FIRE ADMIN MODULAR BUILDING 26,400 ‐ 26,400 ‐ 26,400 WATER4 UTILITY WORKER ‐ WATER (NEW PERSONNEL)1.0 500 57,267 57,767 ‐ 57,767 WASTEWATER1 MANHOLE REHABILITATION 120,000 ‐ 120,000 ‐ 120,000 WASTEWATER2 UTILITY WORKER ‐ WASTEWATER (NEW PERSONNEL)1.0 500 57,266 57,766 ‐ 57,766 CONSTRUCTION INSPECTIONS 1 RIGHT‐OF‐WAY INSPECTOR (NEW PERSONNEL)1.0 56,088 75,384 131,472 ‐ 131,472 CONSTRUCTION INSPECTIONS 2 CONSTRUCTION INSPECTOR (NEW PERSONNEL)1.0 59,260 45,787 105,047 ‐ 105,047 TOTAL PROPOSED4.0 $ 501,990 $ 262,818 $ 764,808 $ ‐ $ 764,808 ADDITIONS181
TOWN OF PROSPERFY 2022‐2023DISCRETIONARY PACKAGESOTHER FUNDSDEPTNET NET TOTAL TOTAL # FUND RANK DISCRETIONARY PACKAGE TITLE FTEs ONE‐TIME ON GOING COSTS REVENUE NET COSTS SOLID WASTE FUND 1 CONSULTANT FOR RFP SERVICES 50,000 ‐ 50,000 ‐ 50,000 SOLID WASTE FUND2 TRASH AND RECYCLING CONTAINERS 1,700,000 ‐ 1,700,000 ‐ 1,700,000 SPECIAL REVENUE1 POLARIS UTILITY VEHICLE MEDICAL COT (FD DONATIONS FUNDS)5,387 ‐ 5,387 ‐ 5,387 SPECIAL REVENUE1 VEHICLE ‐ SUPPORT SERVICES (CHILD SAFETY FUNDS) 36,761 ‐ 36,761 ‐ 36,761 SPECIAL REVENUE2 PHONE‐CRISIS NEGOTIATIONS TEAM (PD SEIZURE FUNDS)4,995 ‐ 4,995 ‐ 4,995 SPECIAL REVENUE3 LOCKERS‐SPECIAL RESPNSE TEAM (PD DONATIONS FUNDS) 13,600 ‐ 13,600 ‐ 13,600 TOTAL PROPOSED0.0 $ 1,810,743 $‐ $ 1,810,743 $ ‐ $ 1,810,743 ADDITIONS182
TOWN OF PROSPER
FY 2022-2023
NON-DISCRETIONARY PACKAGES
GENERAL FUND
NET NET TOTAL
#DIV / DEPT NON-DISCRETIONARY PACKAGE TITLE FTE's ONE-TIME ON GOING TOTAL COSTS REVENUE NET COST
TOWN SECRETARY INCREASE TO BASE BUDGET - TSO - 11,100 11,100 - 11,100
HUMAN RESOURCES INCREASE TO BASE BUDGET - HR - 8,715 8,715 - 8,715
IT GIS - BLUEBEAM ICS LICENSES FOR GIS - 1,400 1,400 - 1,400
IT IT - DELL SWITCH WARRANTY EXTENSIONS 15,845 - 15,845 - 15,845
IT IT - NUTANIX LICENSES RENEWAL 17,483 - 17,483 - 17,483
IT IT - WIRELESS MANAGEMENT PLATFORM RENEWAL 23,000 - 23,000 - 23,000
COMMUNICATIONS INCREASE TO BASE BUDGET - COMMUNICATIONS - 2,400 2,400 - 2,400
COMMUNICATIONS MEDIA MONITORING SERVICE - 5,750 5,750 - 5,750
COMMUNICATIONS CRISIS COMMUNICATIONS SERVICES - 12,000 12,000 - 12,000
MUNICIPAL COURT INCREASE TO BASE BUDGET - MUNICIPAL COURT - 3,648 3,648 - 3,648
MUNICIPAL COURT JUDGE - PAY INCREASE - 9,600 9,600 - 9,600
POLICE OPERATIONS TASER REPLACEMENTS - 14,515 14,515 - 14,515
POLICE OPERATIONS BALLISTIC SHIELDS 31,225 - 31,225 - 31,225
FIRE OPERATIONS HYDRAULIC TOOL BATTERY REPLACEMENT 6,600 - 6,600 - 6,600
FIRE OPERATIONS INCREASE TO BASE BUDGET - NEW CENTRAL FIRE STATION - 30,150 30,150 - 30,150
FIRE OPERATIONS INCREASE TO BASE BUDGET - FIRE OPERATIONS - 274,259 274,259 - 274,259
FIRE MARSHAL FUEL COST INCREASE - 1,300 1,300 - 1,300
BUILDING INSPECTIONS INCREASE TO BASE BUDGET - BUILDING INSPECTIONS - 38,000 38,000 35,000 3,000
BUILDING INSPECTIONS BUREAU VERITAS CONTRACT SERVICES 501,000 - 501,000 501,000 -
CODE COMPLIANCE INCREASE TO BASE BUDGET - CODE COMPLIANCE - 1,000 1,000 - 1,000
STREETS INCREASE TO BASE BUDGET - STREETS - 59,000 59,000 - 59,000
FACILITIES MANAGEMENT INCREASE TO BASE BUDGET - FACILITIES MANAGEMENT - 241,615 241,615 - 241,615
PARK ADMINISTRATION INCREASE TO BASE BUDGET - PARK ADMINISTRATION - 4,850 4,850 - 4,850
PARK ADMINISTRATION RUCKER BALLFIELD FENCE RELOCATION PROJECT 25,000 - 25,000 - 25,000
PARK ADMINISTRATION CURVED ROOF REPLAEMENT AT 409 EAST FIRST STREET 45,000 - 45,000 - 45,000
PARK ADMINISTRATION HAYS PARK DRAINAGE IMPROVEMENTS 60,000 - 60,000 - 60,000
PARK OPERATIONS CPSI CERTIFICATION TRAINING 800 250 1,050 - 1,050
PARK OPERATIONS RYE SEED AND PAINT FOR LAKEWOOD PRESERVE - 17,000 17,000 - 17,000
PARK OPERATIONS TOWNWIDE FACILITIES LANDSCAPE MATERIAL - 25,000 25,000 - 25,000
PARK OPERATIONS TRASH CONTRACT FOR 380/PRESTON MEDIANS - 30,000 30,000 - 30,000
PARK OPERATIONS WATER FOR IRRIGATING NEW PROPERTIES - 50,000 50,000 - 50,000
PARK RECREATION INCREASE TO BASE BUDGET - PARK RECREATION - 3,600 3,600 - 3,600
ENGINEERING INCREASE TO BASE BUDGET - ENGINEERING - 500 500 - 500
TOTAL PROPOSED 0.0 $ 725,953 $ 845,652 $ 1,571,605 $ 536,000 $ 1,035,605
183
TOWN OF PROSPER
FY 2022-2023
NON-DISCRETIONARY PACKAGES
WATER/SEWER FUND
NET NET TOTAL
#DIV / DEPT NON-DISCRETIONARY PACKAGE TITLE FTE's ONE-TIME ON GOING TOTAL COSTS REVENUE NET COST
UTILITY BILLING INCREASE TO BASE BUDGET - UTILITY BILLING - 28,725 28,725 - 28,725
WATER UNREGULATED CONTAMINANT MR5 EPA TESTING 15,000 - 15,000 - 15,000
WATER INCREASE TO BASE BUDGET - WATER - 1,929,623 1,929,623 1,904,623 25,000
WASTEWATER INCREASE TO BASE BUDGET - WASTEWATER - 273,505 273,505 254,505 19,000
WASTEWATER WILSON CREEK WASTEWATER LINE 400,000 - 400,000 - 400,000
CONSTRUCTION INSPECTIONS INCREASE TO BASE BUDGET - CONSTRUCTION INSPECTIONS - 2,000 2,000 - 2,000
TOTAL PROPOSED 0.0 $ 415,000 $ 2,233,853 $ 2,648,853 $ 2,159,128 $ 489,725
184
TOWN OF PROSPER
FY 2022-2023
NON-DISCRETIONARY PACKAGES
OTHER FUNDS
NET NET TOTAL
#DIV / DEPT NON-DISCRETIONARY PACKAGE TITLE FTE's ONE-TIME ON GOING TOTAL COSTS REVENUE NET COST
SOLID WASTE FUND SOLID WASTE ANNUAL INCREASE - 378,521 378,521 378,521 -
STORMWATER INCREASE TO BASE BUDGET - STORMWATER - 800 800 - 800
SPECIAL REVENUE K9 TRAINING (LEOSE FUNDS) 11,000 - 11,000 - 11,000
SPECIAL REVENUE NIGHT VISION DEVICES 20,140 - 20,140 - 20,140
- - -
TOTAL PROPOSED 0.0 $ 31,140 $ 379,321 $ 410,461 $ 378,521 $ 31,940
185
Five‐Year Capital Improvement Program
The five‐year CIP is an integral part of the Town’s strategic project planning process related to capital
infrastructure for streets, traffic improvements, parks, Town facilities, water, wastewater and drainage lines.
Working in conjunction with community officials and community stakeholders, Town staff periodically
evaluates the various capital infrastructure needs of the community for inclusion in the annual update of the
Capital Improvement Program. Based on the needs identified, the recommended timing and funding for each
project is discussed with the Town Council annually during the budget process. Upon direction by the Town
Council, the final Capital Improvement Program is adopted with the annual operating budget. Operating
budgets are funded by current revenues, while the capital budgets are funded from various sources, including
impact fees, developer contributions, one‐time uses of surplus fund balance or from debt proceeds. Debt
service payments for the retirement of debts are built into the operating budgets by allocating I&S property
taxes and transfers from other sources. The following pages outline the projected needs for the Town.
186
TotalIssued Debt Unissued Debt Unissued Debt IssuedPrior Years 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032 CostAuthorized GOCO 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032011512-STFirst Street (DNT - Coleman): (Design)2,786,5672,786,5672,439,915A,D346,65201021512-STFirst Street (DNT - Coleman): (Land/Esmt)1,225,000 1,775,0003,000,0001,225,000D1,775,0001,775,00002031512-STFirst Street (DNT - Coleman): (Construction)15,000,000 15,000,00015,000,0007,500,000 7,500,00003042014-STFirst Street (Coit - Custer) - 4 lanes: (Design)1,085,000 1,085,0001,085,00004052014-STFirst Street (Coit - Custer) - 4 lanes: (Land/Esmt)2,400,000 2,400,000600,000A1,800,0001,000,00005062014-STFirst Street (Coit - Custer) - 4 lanes: (Construction)21,650,500 1,749,50023,400,0003,030,000A,C,K20,370,00020,370,00006072010-STFishtrap (Teel - Gee Road): (Design)400,000 400,000400,000C07082010-STFishtrap (Teel - Gee Road): (Construction)6,025,000 6,025,0006,025,000 6,025,00008092011-STGee Road (Fishtrap - Windsong Retail): (Design)250,000 250,000250,000C09102011-STGee Road (Fishtrap - Windsong Retail): (Construction)3,520,000 1,178,7934,698,7931,178,793K,L3,520,0003,520,00010112012-STFishtrap (Elem - DNT) - 4 lanes: (Design)1,057,380 1,057,380405,580A,D,K651,80011122012-STFishtrap (Elem - DNT) - 4 lanes: (Land/Esmt)1,700,000 1,700,0001,700,00012132012-STFishtrap (Elem - DNT) - 4 lanes: (Construction)21,000,000 7,050,00028,050,0007,050,000A,L21,000,0003,700,00013141933-STFishtrap Segment 2 (PISD Reimbursement) 1,063,0331,063,0331,063,0331,063,03314151710-STCoit Road (First - Frontier) - 4 lanes: (Design)1,289,9001,289,9001,289,900A,X15161710-STCoit Road (First - Frontier) - 4 lanes: (Land/Esmt)800,0001,700,0002,500,0002,500,000800,0001,700,00016171710-STCoit Road (First - Frontier) - 4 lanes: (Construction)7,500,000 12,350,00019,850,00019,850,0007,500,000 12,350,00017182013-STTeel (US 380 Intersection Improvements): (Design)100,000 100,000100,000A,K18192013-STTeel (US 380 Intersection Improvements): (Land/Esmt)510,000 510,000510,000510,00019202013-STTeel (US 380 Intersection Improvements): (Construction)670,000670,000670,000670,00020212118-STPreston Road / First Street Dual Left Turns (Design)100,000 100,00080,000B20,00021222118-STPreston Road / First Street Dual Left Turns (Construction)800,000800,000640,000B160,00022232121-STPreston Road / Prosper Trail Dual Left Turns (Design)100,000 100,00011,600Z88,40023242121-STPreston Road / Prosper Trail Dual Left Turns (Construction)800,000800,000800,000A24252207-STCoit Road / US 380 SB Dual Left Turns (Design)50,00050,00050,000A25262207-STCoit Road / US 380 SB Dual Left Turns (Construction)250,000250,000250,000A26271307-STFrontier Parkway (DNT - Preston Road)33,795,816 33,795,81628,330,413A,X5,465,40327281805-STFM 2478 (US 380 - FM 1461)57,391,869 57,391,86957,391,869A,K,X28291934-STDNT Overpass at US38080,970,000 9,030,00090,000,00085,970,000A,J,X4,030,0004,030,00029301936-STUS 380 (US 377 - Denton County Line)178,105,000 178,105,000178,105,000D,X30311938-STFM 1461 (SH 289 - CR 165)350,000 175,000 45,190,87045,715,87045,715,870A,X31322140-STCraig Street (Preston - Fifth): (Design)300,000 300,000300,000300,00032332140-STCraig Street (Preston - Fifth): (Land/Esmt)150,000 150,000150,000 150,00033342140-STCraig Street (Preston - Fifth): (Construction)3,000,0003,000,0003,000,0003,000,00034352141-STColeman (Gorgeous - Prosper Trail) - 4 lanes: (Design)900,000 900,000900,000D35362141-STColeman (Gorgeous - Prosper Trail) - 4 lanes: (Land/Esmt)250,000 350,000600,000250,000D350,000350,00036372141-STColeman (Gorgeous - Prosper Trail) - 4 lanes: (Construction)5,500,0005,500,0005,500,0005,500,00037382142-STColeman (Prosper Trail - Talon) - 2 SB lanes: (Design w/ 2141-ST)038392142-STColeman (Prosper Trail - Talon) - 2 SB lanes: (Land/Esmt)375,000 345,000720,000375,000D345,000345,00039402142-STColeman (Prosper Trail - Talon) - 2 SB lanes: (Construction)2,700,0002,700,0002,700,0002,700,00040411937-STDNT Main Lane (US 380 - FM 428): (Design)35,000,000 35,000,00035,000,000X41421937-STDNT Main Lane (US 380 - FM 428): (Construction)320,493,000320,493,000315,000,000X5,493,0005,493,00042432143-STLegacy (Prairie - Fishtrap) - 4 lanes: (Design)850,000 850,000850,000D43442143-STLegacy (Prairie - Fishtrap) - 4 lanes: (Land/Esmt)575,000575,000575,000575,00044452143-STLegacy (Prairie - Fishtrap) - 4 lanes: (Construction)6,800,0006,800,0006,800,0006,800,0004546Legacy (Fishtrap - Prosper Trail) - 2 SB lanes: (Design)450,000450,000450,000450,0004647Legacy (Fishtrap - Prosper Trail) - 2 SB lanes: (Land/Esmt)50,00050,00050,00050,0004748Legacy (Fishtrap - Prosper Trail) - 2 SB lanes: (Construction)6,000,0006,000,0006,000,0006,000,00048492208-STParvin (FM 1385 - Legacy): (Design)800,000950,0001,750,0001,750,000800,000950,00049502208-STParvin (FM 1385 - Legacy): (Land/Esmt)2,000,0002,000,0002,000,0002,000,00050512208-STParvin (FM 1385 - Legacy): (Construction)13,550,00013,550,00013,550,00013,550,00051522153-STTeel (US 380 - Fishtrap) - 2 NB lanes: (Design)750,000 750,000750,000D5253Teel (US 380 - Fishtrap) - 2 NB lanes: (Land/Esmt)3,100,0003,100,0003,100,0003,100,0005354Teel (US 380 - Fishtrap) - 2 NB lanes: (Construction)4,300,0004,300,0004,300,0004,300,0005455Prosper Trail (Coit - Custer) - 2 WB lanes: (Design)200,000200,000200,000200,0005556Prosper Trail (Coit - Custer) - 2 WB lanes: (Land/Esmt)300,000300,000300,000300,0005657Prosper Trail (Coit - Custer) - 2 WB lanes: (Construction)12,550,00012,550,00012,550,00012,550,0005758Gee Road (US 380 - FM 1385) - 2 NB lanes: (Design)5859Gee Road (US 380 - FM 1385) - 2 NB lanes: (Land/Esmt)5960Gee Road (US 380 - FM 1385) - 2 NB lanes: (Construction)60612209-STGorgeous (McKinley - Coleman): (Land/Esmt)500,000500,000500,000A61622210-STImpact Fee Analysis100,000100,000100,000A6263Remaining Proposition 3: GO Bond Funds4,299,5004,299,5004,299,5004,299,50063454,387,03233,456,326 320,493,000 54,795,870 15,000,000 12,200,000 60,099,500 950,431,728 769,038,940 57,837,255 112,969,500 10,586,033 30,220,000 11,158,033 7,500,000 12,105,000 15,000,000 17,693,000 60,099,500Design44,968,847 950,00000001,600,000 47,518,847CO Bond Debt0 1,063,0330 4,030,0000 5,493,0000Construction85,991,316 28,561,326 320,493,0000 15,000,000 10,500,000 48,750,000 509,295,642GO Bond Debt 30,220,000 10,095,000 7,500,000 8,075,000 15,000,000 12,200,000 60,099,500Design & Construction316,816,869 175,0000 54,220,87000 4,299,500 375,512,239Land/Easements6,610,000 3,770,0000 575,0000 1,700,000 5,450,000 18,105,000
Index
IndexStreet Projects Subtotal Unissued Debt ScheduleFunding SourcesOtherSourcesGeneral Fund Projects01Summary of Capital Improvement Program - 2022-09-13 ADOPTED187
TotalOtherIssued DebtUnissued Debt Unissued Debt IssuedPrior Years 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032 CostSourcesAuthorized GOCO 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-20322211-TRMedian Lighting US 380 (Mahard - Lovers Ln): (Construction)300,000300,000300,000A012212-TRTraffic Signal - FM 2478 (Custer Rd) & First Street: (TxDOT)500,000500,000500,000X0102Traffic Signal - First Street & La Cima: (Design)50,00050,00050,0000203Traffic Signal - First Street & La Cima: (Construction)400,000400,000400,00003042101-TRTraffic Signal - Fishtrap & Artesia Boulevard: (Design)50,00050,00050,000Z06052101-TRTraffic Signal - Fishtrap & Artesia Boulevard: (Construction)425,000425,000425,000Z0706Traffic Signal - Fishtrap & Legacy Drive: (Design)65,00065,00065,00065,0000607Traffic Signal - Fishtrap & Legacy Drive: (Construction)460,000460,000460,000460,0000708Traffic Signal - Richland Blvd & Walmart/Pandera (Design)65,00065,00065,000A0809Traffic Signal - Richland Blvd & Walmart/Pandera (Construction)460,000460,000460,000A0910Remaining Proposition 3: GO Bond Funds950,000950,000500,000500,000100 500,00000002,925,000 3,425,000 1,500,000 0 1,475,000 00000001,025,000Design000000230,000 230,000CO Bond Debt0000000Construction0000001,745,000 1,745,000GO Bond Debt0000001,025,000Design & Construction0 500,0000000950,000 1,450,000Land/Easements0000000 0TotalOtherIssued Debt Unissued Debt Unissued Debt IssuedPrior Years 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032 CostSourcesAuthorized GOCO 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032Neighborhood Park01Star Trail Park #2 (7.5 Acres / No Lights): (Construction)535,000535,000535,000C0102Star Trail Park #3 (7.5 Acres/ No Lights): (Construction)535,000535,000535,000C02032015-PK Pecan Grove Phase 2 (21.5 Acres / No Lights) (basketball, pavilion, parking, security lighting): (Design) 67,50067,500500G67,00003042015-PK Pecan Grove Phase 2 (21.5 Acres / No Lights) (basketball, pavilion, parking, security lighting): (Construction) 725,000 115,000840,000840,000B,G04052107-PKLakewood Preserve, Phase 2 (22 Acres/Lights): (Construction)3,845,000 400,0004,245,0002,145,000G,Z2,100,00005062108-PKTanner's Mill, Park, Phase 2: (Design)100,000100,000100,00006072108-PKTanner's Mill, Park, Phase 2: (Construction)930,000930,000930,000930,00007082254-PKWindsong Park #3: (Design)100,000100,000100,000G08092254-PKWindsong Park #3: (Construction)650,000650,000650,000C0910Remaining Proposition 2: GO Bond Funds1,130,0001,130,0001,130,0001,130,0001011Town Hall Open Space: (Design)200,000200,000200,000200,0001112Town Hall Open Space: (Construction)1,810,0001,810,0001,810,0001,810,0001213Un-named Neighborhood Park: (Design)200,000200,000200,000200,0001314Un-named Neighborhood Park: (Construction)930,000930,000930,000930,00014Trails152213-PKStar Trail H&B Trail Phases 1, 2, 3, and 4: (Construction)200,000 200,000400,000400,000C1516Windsong H&B Trail Ph 3C,5,6A, 6B, 7, 8, and 9: (Design)40,00040,00040,000C16172147-PKWindsong H&B Trail Ph 3C,5,6A, 6B, 7, 8, and 9: (Construction)1,786,572495,0002,281,5722,281,572C1718Various Hike and Bike Trails1,000,0001,000,0001,000,0001,000,00018192119-PKWestside Waterline Trail Connection800,000800,000800,000800,00019202120-PKGee Rd. Trail Connection 700,000700,000700,000700,0002021Prosper Center Park Trail Connection900,000900,000900,000900,00021Community Park222122-PKRaymond Community Park, Phase 1: (Design)1,200,0001,200,0001,200,0001,200,0002223Raymond Community Park, Phase 1: (Construction)18,000,00018,000,00018,000,0009,000,000 9,000,00023Medians242148-PKColeman Street Median Landscaping (Victory - Preston): (Design)25,00025,00025,000D24252148-PK Coleman Street Median Landscaping (Victory - Preston): (Constr.) 625,000625,000625,000D25262149-PKProsper Trail (DNT - 700' East) Median Landscaping: (Design)25,00025,00025,000D26272149-PKProsper Trail (DNT - 700' East) Median Landscaping: (Construction) 250,000250,000250,000D27282150-PK US 380 Green Ribbon Lndscp- Irrigation (Lovers - Mahard): (Design) 95,00095,00095,000D28292150-PKUS 380 Green Ribbon Lndscp-Irrigation (Lovers - Mahard): (Constr.) 1,500,0001,500,0001,500,000B,D2930Prairie Median Lndscp (W of Legacy - Mahard): (Design)3031Prairie Median Lndscp (W of Legacy - Mahard): (Construction)3132Richland Median Lndscp (Prosper Commons - Coit Rd): (Design)3233Richland Median Lndscp (Prosper Commons - Coit Rd): (Constr.)3311,149,0723,765,000 18,495,000 535,000 200,0000 5,970,000 40,114,072 10,047,072 5,097,000 24,970,00002,830,000800,000 9,000,000 9,000,000 200,0000 5,970,000Design1,552,500 100,00000 200,0000 200,000 2,052,500CO Bond Debt0000000Construction8,896,572 2,865,000 18,495,000 535,00000 2,740,000 33,531,572GO Bond Debt 2,830,000 800,000 9,000,000 9,000,000 200,0000 5,970,000Design & Construction700,000 800,00000003,030,000 4,530,000Land/Easements0000000 0
Index IndexUnissued Debt Schedule Subtotal Index IndexPark ProjectsSummary of Capital Improvement Program - 2022-09-13 ADOPTEDUnissued Debt Schedule02General Fund Projects Subtotal Traffic ProjectsFunding SourcesFunding Sources188
TotalOtherIssued DebtUnissued Debt Unissued Debt IssuedPrior Years 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032 CostSourcesAuthorized GOCO 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032012102-FCRadio Tower for Communications500,000500,000500,00001022109-FCPublic Safety Complex, Phase 2 (Central FS & Admin) (Design)1,578,2901,578,2901,578,29002032111-FCPublic Safety Complex, Phase 2 (Central FS & Admin) (Devel Costs) 647,325647,325647,32503042112-FCPublic Safety Complex, Phase 2 (Central FS & Admin) (Construction) 14,500,00014,500,00014,500,00004052113-FCPublic Safety Complex, Phase 2 (Central FS & Admin) (FF&E)1,274,3851,274,3851,274,38505062137-FCFire Station #4 (Design)600,000600,000600,000600,00006072203-FCFire Station #4 (Other Development Costs)700,000700,000700,000L07082205-FCFire Station #4 (Construction)7,925,0007,925,00025,000L7,900,0007,900,00008092206-FCFire Station #4 (FF&E)775,000775,000775,000L09102105-EQQuint Engine - Fire Station #31,495,0001,495,0001,495,000D10112106-EQAmbulance - Fire Station #3495,000495,000495,000D11122201-EQFire Engine - Fire Station #41,250,0001,250,0001,250,000D12132202-EQAmbulance - Fire Station #4552,000552,000552,000D13142123-FCParks & Public Works Needs Assessment80,00080,00080,000E1415Public Safety Training Facility, Phase 1 (Design)600,000600,000600,000600,0001516Public Safety Training Facility, Phase 1 (Construction)5,400,0005,400,0002,450,000D2,950,0002,950,0001622,972,000 9,400,000 0 600,000 0 5,400,000 0 38,372,000 7,822,000 19,100,000 11,450,0000 600,000 7,900,0000 600,0000 2,950,0000Design2,905,615 700,0000 600,0000004,205,615CO Bond Debt-$ 000000Construction15,774,385 8,700,0000005,400,0000 29,874,385GO Bond Debt 600,000$ 7,900,0000 600,0000 2,950,0000Design & Construction500,000000000500,000Land/Easements/Equipment3,792,0000000003,792,000488,508,104 47,121,326 338,988,000 55,930,870 15,200,000 17,600,000 68,994,500 1,032,342,800 788,408,012 82,034,255 150,864,500 10,586,033 33,650,000 19,858,033 16,500,000 21,705,000 15,200,000 20,643,000 67,094,500Design49,426,962 1,750,0000 600,000 200,0002,030,000 54,006,962CO Bond Debt-$ 1,063,0330 4,030,0000 5,493,0000Construction110,662,273 40,126,326 338,988,000 535,000 15,000,00053,235,000 558,546,599GO Bond Debt 33,650,000 18,795,000 16,500,000 17,675,000 15,200,000 15,150,000 67,094,500Design & Construction318,016,869 1,475,0000 54,220,87008,279,500 381,992,239Land/Easements10,402,000 3,770,0000 575,00005,450,000 20,197,000##A Impact FeesD General FundG Park Development FundK EscrowsZOther Sources (See Detail)##B Grant and Interlocal FundsE Water / Wastewater FundH TIRZ #1L Capital Dedicated##C Developer AgreementsF Stormwater Drainage FundJ TIRZ #2X Non-Cash Contributions Grand Total General Fund Description Codes - Other SourcesIndexUnissued Debt ScheduleSummary of Capital Improvement Program - 2022-09-13 ADOPTED03General Fund Projects Subtotal IndexFacility ProjectsFunding Sources189
TotalOtherIssued DebtUnissued Debt Unissued Debt IssuedPrior Years 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032 CostSourcesAuthorized GOCO 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032011501-WALPP Pump Station and LPP WL Phase 2: (Design)1,585,1001,585,100277,081A1,308,01901021501-WALPP Pump Station Phase 2: (Construction)14,062,00014,062,00012,000,000A,B2,062,0002,062,00002031501-WALPP WL Phase 2A: (Construction)8,684,000 3,100,00011,784,0003,100,000A8,684,0008,684,00003041810-WALPP Water Line Phase 2A Easement Costs1,000,000 500,0001,500,0001,500,000A04052114-WAFM 1461 12-inch Water Line Relocation (Design)400,000400,000400,000E05062114-WAFM 1461 12-inch Water Line Relocation (Construction)3,000,0003,000,0003,000,000E06072151-WADNT (PT-Frontier), Frontier (DNT-PISD Stadium):12"WL (Design)200,000200,000200,000A07082151-WADNT (PT-Frontier), Frontier (DNT-PISD Stadium):12"WL (Easements)2,000,0002,000,0002,000,0002,000,00008092151-WADNT (PT-Frontier)Frontier (DNT-PISD Stadium):12"WL (Construction) 2,500,0002,500,0002,500,000 2,500,0000910LPP Future Expansion (2026): (Design)1,400,0001,400,0001,400,000A1011LPP Future Expansion (2026): (Construction)12,600,00012,600,0008,600,000A4,000,0004,000,0001112Impact Fee Analysis100,000100,000100,000A1225,931,100 11,200,000000014,000,000 51,131,100 30,577,081 12,054,0190 8,500,000 10,746,000 4,500,0000004,000,0000Design2,185,100 100,00000001,400,000 3,685,100Construction22,746,000 8,600,000000012,600,000 43,946,000Design & Construction0000000 0Land/Easements1,000,000 2,500,000000003,500,000TotalOtherIssued Debt Unissued Debt Unissued Debt IssuedPrior Years 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032 CostSourcesAuthorized GOCO 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032012103-WWDoe Branch Parallel Interceptor: (Design)500,000500,000500,000A01022103-WWDoe Branch Parallel Interceptor: (Construction)1,000,000 3,500,0004,500,0001,000,000A3,500,0003,500,00002032152-WWUpper Doe Branch WW Line (Teel-PISD Stadium): (Design)375,000375,000375,000A03042152-WWUpper Doe Branch WW Line (Teel-PISD Stadium): (Easements)100,000100,000100,000A04052152-WWUpper Doe Branch WW Line (Teel-PISD Stadium): (Construction)4,050,0004,050,00025,000K4,025,0004,025,00005062203-WWWilson Creek WW Line: (Design)35,00035,00035,000E06072203-WWWilson Creek WW Line: (Construction)365,000365,000365,000E0708Doe Branch, Phase 3 WWTP: (Design)1,450,0001,450,000450,000A1,000,0001,000,0000809Doe Branch, Phase 3 WWTP: (Construction)13,050,00013,050,0008,000,000A,B5,050,0005,050,0000910Impact Fee Analysis100,000100,000100,000A101,975,000 8,050,000 14,500,000000024,525,000 10,950,000 0 0 13,575,000 0 7,525,000 6,050,0000000Design875,000 135,000 1,450,00000002,460,000Construction1,000,000 7,915,000 13,050,000000021,965,000Design & Construction0000000 0Land/Easements100,00000000100,000TotalOtherIssued Debt Unissued Debt Unissued Debt IssuedPrior Years 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032 CostSourcesAuthorized GOCO 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032012003-DRFrontier Park/Lakes of Prosper Drainage: (Design)100,000100,000100,000F01022003-DRFrontier Park/Lakes of Prosper Drainage: (Construction)985,000985,000300,000F685,000 685,000021,085,0000000001,085,000 400,00000 685,000 685,000000000Design100,00000000100,000Construction985,00000000985,000Design & Construction000000 0Land/Easements000000 028,991,100 19,250,000 14,500,00000014,000,000 76,741,100 41,927,081 12,054,0190 22,760,000 11,431,000 12,025,000 6,050,00000 4,000,0000Design3,160,100 235,000 1,450,0000001,400,000 6,245,100Construction24,731,000 16,515,000 13,050,00000012,600,000 66,896,000Design & Construction0000000 0Land/Easements1,100,000 2,500,000000003,600,000##A Impact FeesD General FundG Park Development FundK EscrowsZOther Sources (See Detail)##B Grant and Interlocal FundsE Water / Wastewater FundH TIRZ #1L Capital Dedicated##C Developer AgreementsF Stormwater Drainage FundJ TIRZ #2X Non-Cash ContributionsDescription Codes - Other SourcesWastewater ProjectsDrainage ProjectsUnissued Debt Schedule Subtotal Subtotal Index
Subtotal Grand Total Enterprise Funds Index
Index Unissued Debt ScheduleUnissued Debt ScheduleIndex
Index04Enterprise Fund ProjectsSummary of Capital Improvement Program - 2022-09-13 ADOPTEDIndexWater ProjectsFunding SourcesFunding SourcesFunding Sources190
TotalOtherIssued DebtUnissued Debt Unissued Debt IssuedPrior Years 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032 CostSourcesAuthorized GOCO 2021-2022 2022-2023 2023-2024 2024-2025 2025-2026 2026-2027 2027-2032488,508,104 47,121,326 338,988,000 55,930,870 15,200,00068,994,500 1,032,342,800 788,408,012 82,034,255 150,864,500 10,586,033 33,650,000 19,858,033 16,500,000 21,705,000 15,200,000 20,643,000 67,094,50028,991,100 19,250,000 14,500,0000014,000,000 76,741,100 41,927,081 12,054,0190 22,760,000 11,431,000 12,025,000 6,050,00000 4,000,0000517,499,204 66,371,326 353,488,000 55,930,870 15,200,00082,994,500 1,109,083,900 830,335,093 94,088,274 150,864,500 33,346,033 45,081,000 31,883,033 22,550,000 21,705,000 15,200,000 24,643,000 67,094,500CO Bond Debt 11,431,000 13,088,033 6,050,000 4,030,0000 9,493,0000GO Bond Debt 33,650,000 18,795,000 16,500,000 17,675,000 15,200,000 15,150,000 67,094,500Design52,587,062 1,985,000 1,450,000 600,000 200,0003,430,000 60,252,062Construction135,393,273 56,641,326 352,038,000 535,000 15,000,00065,835,000 625,442,599Design & Construction318,016,869 1,475,0000 54,220,87008,279,500 381,992,239Land/Easements11,502,000 6,270,0000 575,00005,450,000 23,797,000 Grand Total Capital Improvement Program Enterprise Funds General Fund Summary of Capital Improvement Program - 2022-09-13 ADOPTEDCapital Improvement Program SummaryCapital Improvement Program SummaryFunding Sources191
PROJECT
Prior Year
Expenditures
Current Year
Expenditures
Future Planned
Expenditures
Total Planned
Expenditures
1512-ST First Street (DNT - Coleman)4,011,567 16,775,000 - 20,786,567
1710-ST Coit Road (First - Frontier) - 4 lanes:1,289,900 800,000 21,550,000 23,639,900
1933-ST Fishtrap Segment 2 (PISD Reimbursement) - 1,063,033 - 1,063,033
1938-ST FM 1461 (SH 289 - CR 165)350,000 175,000 45,190,870 45,715,870
2011-ST Gee Road (Fishtrap - Windsong Retail)3,770,000 1,178,793 - 4,948,793
2012-ST Fishtrap (Elem - DNT) - 4 lanes:23,757,380 7,050,000 - 30,807,380
2013-ST Teel (US 380 Intersection Improvements):610,000 670,000 - 1,280,000
2014-ST First Street (Coit - Custer) - 4 lanes 25,135,500 1,749,500 - 26,885,000
2118-ST Preston Road / First Street Dual Left Turns 100,000 800,000 - 900,000
2121-ST Preston Road / Prosper Trail Dual Left Turns 100,000 800,000 - 900,000
2141-ST Coleman (Gorgeous - Prosper Trail) - 4 lanes 1,150,000 350,000 5,500,000 7,000,000
2142-ST Coleman (Prosper Trail - Talon) - 2 SB lanes 375,000 345,000 2,700,000 3,420,000
2207-ST Coit Road / US 380 SB Dual Left Turns - 300,000 - 300,000
2208-ST Parvin (FM 1385 - Legacy):- 800,000 16,500,000 17,300,000
2209-ST Gorgeous (McKinley - Coleman)- 500,000 - 500,000
2210-ST Impact Fee Analysis - 100,000 - 100,000
STREETS 60,649,347 33,456,326 91,440,870 185,546,543
2211-TR Median Lighting US 380 (Mahard - Lovers Ln)- 300,000 - 300,000
TRAFFIC - 300,000 - 300,000
2107-PK Lakewood Preserve, Phase 2 (22 Acres/Lights): (Constru 3,845,000 400,000 - 4,245,000
2119-PK Westside Waterline Trail Connection - 800,000 - 800,000
2150-PK US 380 Green Ribbon Lndscp- Irrigation (Lovers - Mahar 95,000 1,500,000 - 1,595,000
PARKS 3,940,000 2,700,000 - 6,640,000
2203-FC Fire Station #4 (Other Development Costs)- 700,000 - 700,000
2205-FC Fire Station #4 (Construction)- 7,925,000 - 7,925,000
2206-FC Fire Station #4 (FF&E)- 775,000 - 775,000
FACILITY - 9,400,000 - 9,400,000
1501-WA LPP Pump Station and LPP WL Phase 2:24,331,100 3,100,000 - 27,431,100
1810-WA LPP Water Line Phase 2A Easement Costs 1,000,000 500,000 - 1,500,000
2103-WW Doe Branch Parallel Interceptor:1,500,000 3,500,000 - 5,000,000
2151-WA DNT (PT-Frontier), Frontier (DNT-PISD Stadium):12"WL 200,000 4,500,000 - 4,700,000
2152-WW Upper Doe Branch WW Line (Teel-PISD Stadium):475,000 4,050,000 - 4,525,000
2210-WA Impact Fee Analysis - 100,000 - 100,000
2210-WW Impact Fee Analysis - 100,000 - 100,000
WATER & WASTEWATER 27,506,100 15,850,000 - 43,356,100
Capital Projects Summary
Summary of Project Expenditures
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Purpose of Financial Policies
A strategic goal of the Town Council is to be a financially responsible Town government providing exceptional
municipal services. The Town of Prosper has a responsibility to its citizens to not only protect public funds, but to
also be prudent in the management of government finances while providing adequate funding for the services
desired by the public and the maintenance of public facilities. The Town of Prosper has adopted several financial
policies in addition to the Town Charter to guide the Finance Department and staff in financial matters. The Town
strives to adhere to and follow all of the financial policies that have been adopted.
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Charter ArƟcle VII - Financial Procedure SecƟons
As Revised May 6, 2017
Financial Procedures
ARTICLE VII
SECTION 7.01 Fiscal Year
The fiscal year of the Town shall begin on the first day of October and end on the last day of September on
the next succeeding year. Such fiscal year shall also constitute the budget and accounting year.
SECTION 7.02 Submission of Budget and Budget Message
On or before the fifteenth (15th) day of August of the fiscal year, the Town Manager shall submit to the Town
Council a budget for the ensuing fiscal year and an accompanying budget message.
SECTION 7.03 Budget Message
The Town Manager's message shall explain the budget both in fiscal terms andintermsofthework
programs. It shall outline the proposed financial policies of the Town for the ensuing fiscal year, describe the
important features of the budget, indicate any major changes from the current year in financial policies,
expenditures, and revenues together with the reasons for such changes, summarize the Town's debt position
and include such other material as the Town Manager deems desirable.
SECTION 7.04 Budget a Public Record
The budget and all supporting schedules shall be filed with the person performing the duties of Town
Secretary when submitted to the Town Council and shall be open to public inspection by anyone interested.
SECTION 7.05 Public Hearing on Budget
At the Town Council meeting when the budget is submitted, the Town Council shall name the date and place
of a public hearing, which shall be scheduled and published in accordance with the requirements of Chapter
102, Local Government Code, as amended. At this hearing, interested citizens may express their opinions
concerning items of expenditures, giving their reasons for wishing to increase or decrease any items of
expense.
SECTION 7.06 Proceeding on Adoption of Budget
After public hearing, the Town Council shall analyze the budget, making any additions or deletions which
they feel appropriate, and shall, prior to the beginning of the next fiscal year, adopt the budget by the
affirmative vote of a majority of the full membership of the Town Council. Should the Town Council take no
final action on or prior to such day, the current budget shall be in force on a month-to-month basis until a new
budget is adopted.
SECTION 7.07 Budget, Appropriation and Amount to be Raised by Taxation
On final adoption, the budget shall be in effect for the budget year. Final adoption of the budget by the Town
Council shall constitute the official appropriations as proposed by expenditures for the current year and shall
constitute the basis of official levy of the property tax as the amount of tax to be assessed and collected for
the corresponding tax year. Estimated expenditures will in no case exceed proposed revenue plus the
undesignated fund balance from the previous fiscal year. Unused appropriations may be transferred to any
item required for the same general purpose.
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Charter ArƟcle VII - Financial Procedure SecƟons
As Revised May 6, 2017
SECTION 7.08 Contingent Reserve
Provision shall be made in the annual budget maintaining a contingency reserve fund balance designation in
an amount not less than twenty percent (20%) of the total general fund expenditures, to be used in case of
unforeseen items of expenditure or revenue shortfalls. This shall apply to current operating expenses and shall
not overlap with any other amount of reserves maintained by the Town. Such contingency reserve
appropriation shall be under the control of the Town Manager and distributed by him or her only in the event
of an emergency or after supplemental appropriation by the Town Council. The proceeds of the contingency
reserves shall be disbursed only by transfer to departmental appropriation, the spending of which shall be
charged to the departments or activities for which the appropriations are made.
SECTION 7.09 Amending the Budget
Under conditions which may arise and which could not reasonably have been foreseen in the normal process
of planning the budget, the Town Council may, by the affirmative vote of a majority of the full membership
of the Town Council, amend or change the budget to provide for any additional expense in which the general
welfare of the citizenry is involved. These amendments shall be by ordinance, and shall become an
attachment to the original budget.
SECTION 7.10 Certification; Copies Made Available
A copy of the budget, as finally adopted, shall be filed with the person performing the duties of Town
Secretary and such other places required by state law or as the Town Council shall designate. The final
budget shall be printed or otherwise reproduced and sufficient copies shall be made available for the use of all
offices, agencies, and for the use of interested persons and civic organizations.
SECTION 7.11 Capital Program
The Town Manager shall submit a five-year (5-year) capital program as an attachment to the annual budget.
The program as submitted shall include:
(1) A clear general summary of its contents;
(2) A list of all capital improvements which are proposed to be undertaken during the five (5)
fiscal years succeeding the budget year, with appropriate supporting information as to the
necessity for such improvements;
(3) Cost estimates, method of financing, and recommended time schedules for each
improvement; and
(4) The estimated annual cost of operating and maintaining the facilities to be constructed
or acquired.
The above information may be revised and extended each year with regard to capital improvements still
pending or in process of construction or acquisition. The Capital program will be updated and presented to
the Town Council annually.
SECTION 7.12 Defect Shall Not Invalidate the Tax Levy
Errors or defects in the form or preparation of the budget or the failure to perform any procedural
requirements shall not nullify the tax levy or the tax rate.
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Charter ArƟcle VII - Financial Procedure SecƟons
As Revised May 6, 2017
SECTION 7.13 Lapse of Appropriations
Every appropriation, except an appropriation for a capital expenditure,shall lapse at the close of the fiscal
year to the extent that it has not been expended or encumbered. An appropriation for a capital expenditure
shall continue in force until the purpose for which it was made had been accomplished or abandoned. The
purpose of any such appropriation shall be deemed abandoned if three (3) years pass without any
disbursement from or encumbrance of the appropriation. Any funds not expended, disbursed or encumbered
shall be deemed excess funds.
SECTION 7.14 Borrowing
The Town shall have the power to borrow money on the credit of the Town and also to issue or incur bonds
and other evidences of indebtedness, and such powers may be exercised to finance public improvements or
for any other public purpose not prohibited by the Constitution and the laws of the State of Texas, and the
Town may issue refunding bonds to refund outstanding bonds and other evidences of indebtedness of the
Town previously issued or incurred. All such bonds and other evidences of indebtedness shall be issued in
conformity with the laws of the State of Texas and may be secured by or paid, in whole or in part, from ad
valorem tax revenues, revenues derived from other taxing powers of the Town, revenues derived by the Town
from any fee or service charge, including revenues derived from the operations of any public utilities, utility
systems, recreational facilities or any other municipal function to the extent not prohibited by the Constitution
and laws of the State of Texas. Such bonds or evidences of indebtedness may be a charge upon and payable
from the properties, or interest therein pledged, or the income therefrom, or both to the extent not prohibited
by the Constitution or laws of the State of Texas. The proceeds of bonds or other evidences of indebtedness
issued or incurred by the Town shall be used only for the purpose for which the bonds or other indebtedness
was issued or incurred.
SECTION 7.15 Purchasing
(1) The Town Council may by ordinance, give the Town Manager general authority to
contract for expenditure without further approval of the Town Council for all budgeted
items not exceeding limits set by the Town Council within the ordinance.
(2) All contracts for expenditures or purchases involving more than the limits must be
expressly approved in advance by the Town Council. All contracts or purchases involving
more than the limits set by the Town Council shall be awarded by the Town Council in
accordance with state law.
(3) Emergency contracts as authorized by law and this Charter may be negotiated by the
Town Council or Town Manager if given authority by the Town Council, without
competitive bidding, and in accordance with State law. Such emergency may be declared
by the Town Manager and approved by the Town Council or declared by the Town
Council.
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Charter ArƟcle VII - Financial Procedure SecƟons
As Revised May 6, 2017
SECTION 7.16 Administration of Budget
(1) No payment shall be made or obligation incurred against any allotment or appropriation
except in accordance with appropriations duly made, unless the Town Manager, or the
Town Manager's designee, first certifies that there is a sufficient unencumbered balance
in such allotment or appropriation and that sufficient funds therefrom are or will be
available to cover the claim or meet the obligation when it becomes due and payable.
(2) Any authorization of payment or incurring of obligation in violation of the provisions of this
Charter shall be void and any payment so made illegal. Such action shall be cause for
removal of any officer who knowingly authorized or made such payment or incurred
such payment or obligation, and the officer shall also be liable to the Town for any amount
so paid.
(3) This prohibition shall not be construed to prevent the making or authorizing of payments,
or making of contracts for capital improvements to be financed wholly or partly by the
pledge of taxes, the issuance of bonds, time warrants, certificates of indebtedness, or
certificates of obligation, or to prevent the making of any contract or lease providing
for payments beyond the end of the fiscal year, providing that such action is made or
approved by ordinance.
(4) The Town Manager shall submit to the Town Council each month a report covering the
revenues and expenditures of the Town in such a form as requested by the Town Council.
SECTION 7.17 Depository
All monies received by any person, department or agency of the Town for or in connection with the affairs of
the Town shall be deposited promptly in the Town depository or depositories. The Town depositories shall be
designated by the Town Council in accordance with such regulations and subject to the requirements as to
security for deposits and interest thereon as may be established by ordinance and law. Procedures for
withdrawal of money or the disbursement of funds from the Town depositories shall be prescribed by
ordinance.
SECTION 7.18 Independent Audit
At the close of each fiscal year, and at such other times as may be deemed necessary, the Town Council shall
call for an independent audit to be made of all accounts of the Town by a certified public accountant. No
more than five (5) consecutive annual audits shall be completed by the same firm. The certified public
accountant selected shall have no personal interest, directly or indirectly, in the financial affairs of the Town
or any of its officers. The report of audit, with the auditor's recommendations will be made to the Town
Council. Upon completion of the audit,the Independent Auditor's Report and Annual Financial Report shall
be published on the Town's website and copies of the audit placed on file in the office of the person
performing the duties of Town Secretary, as a public record.
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Charter ArƟcle VII - Financial Procedure SecƟons
As Revised May 6, 2017
SECTION 7.19 Power to Tax
(1) The Town shall have the power to levy, assess and collect taxes of every character and
type for any municipal purpose not prohibited by the Constitution and laws of the State
of Texas as now written or hereafter amended.
(2) The Town shall have the power to grant tax exemptions in accordance with the laws of
the State of Texas.
SECTION 7.20 Office of Tax Collector
There shall be an office of taxation to collect taxes, the head of which shall be the Town Tax Collector. The
Town Council may contract for such services.
SECTION 7.21 Taxes; When Due and Payable
(1) All taxes due in the Town shall be payable at the office of the Town Tax Collector, or at
such location or locations as may be designated be the Town Council, and may be paid at
any time after the tax rolls for the year have been completed and approved. Taxes for
each year shall be paid before February 1 of the next succeeding year, and all such taxes
not paid prior to that date shall be deemed delinquent, and shall be subject to penalty and
interest as the Town Council shall provide by ordinance. The Town Council may provide
discounts for the payment of taxes prior to January 1 in an amount not to exceed those
authorized by the laws of the State of Texas.
(2) Failure to levy and assess taxes through omission in preparing the appraisal rolls shall not
relieve the person, firm or corporation so omitted from obligation to pay such current or
past due taxes as shown to be payable by recheck of the rolls and receipts for the years
in question, omitting penalty and interest.
SECTION 7.22 Tax Liens, Liabilities and Suits
(1) All taxable property located in the Town on January 1 of each year shall stand charged
from that date with a special lien in favor of the Town for taxes due. All persons
purchasing any such property on or after January 1 in any year shall take the property
subject to the liens provided above. In addition to the liens herein provided, on
January 1 of any year, the owner of property subject to taxation by the Town shall
be personally liable for the taxes due for that year.
(2) The Town shall have the power to sue for and recover personal judgement for taxes
without foreclosure, or to foreclose its lien or liens, or to recover both personal judgement
and foreclosure. In any such suit where it appears that the description of any property in
the Town appraisal rolls is insufficient to identify such property, the Town shall have the
right to plead a good description of the property to be assessed, to prove the same, and to
have its judgement foreclosing the tax lien or for personal judgement against the owners
for such taxes.
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TOWN OF PROSPER
ADMINISTRATIVE REGULATIONS
CHAPTER 15: DEBT MANAGEMENT POLICY
SECTION 15.01: PURPOSE AND OVERVIEW The Town of Prosper recognizes that the foundation of any well-managed debt program is a comprehensive debt management and post issuance policy outlining the parameters for issuing new debt and managing the existing debt portfolio; identifying the types and amounts of permissible debt; providing guidance to decision makers regarding the purposes for which debt may be issued; and verifying that the IRS regulations regarding post issuance compliance are met to preserve the tax-exempt status of the Town’s bonds. Adherence to a debt management policy helps ensure that the Town maintains the current or an improved bond rating in order to minimize borrowing costs and preserve access to credit. The Town’s Debt Management Policy (“the Debt Policy”) provides guidance for staff to: 1.Ensure high quality debt management decisions;2.Ensure support for debt issuances both internally and externally;3.Impose order and discipline in the debt issuance process;4.Promote consistency and continuity in the decision making process;5.Ensure that the debt management decisions are viewed positively by rating agencies,investment community and taxpayers; and6.Demonstrate a commitment to long-term financial planning objectives.
SECTION 15.02 : SCOPE This Policy applies to all debt instruments issued by the Town regardless of the funding source. Funding sources can be derived from, and debt secured by, ad valorem taxes, general Town revenues, enterprise fund revenues or any other identifiable source of revenue that may be identified for appropriate pledging for bonded indebtedness.
SECTION 15.03 : OBJECTIVES
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The primary objective of this Policy is to ensure that the Town establishes and maintains a solid position with respect to its debt service and bond proceed funds and that proceeds from long-term debt will not be used for current operations but rather for capital improvements, and related expenses, and other long-term assets in accordance with state law and Town ordinances. The Town will seek all possible federal and state reimbursement for mandated projects and/or programs. The Town will pursue a balanced relationship between issuing debt and pay-as-you-go financing as dictated by prevailing economic factors and as directed by the Town Council. Other objectives include: 1. Bonds shall be paid back within a period not to exceed, and preferably sooner than, the expected useful life of the capital project; 2. Decisions shall be made based on a number of factors and will be evaluated against long-term goals rather than a short-term fix; and 3. Debt service and bond proceed funds shall be managed and invested in accordance with all federal, state and local laws and in conjunction with the Tax Compliance Certificate of each bond issue to assure availability to cover project costs and debt service payments when due.
SECTION 15.04 : IMPLEMENTATION
The Policy requires: 1. Payment of principal and interest on all outstanding debt in full and timely manner; 2. Incurrence of debt for those purposes permissible under State law and the home-rule charter of the Town; 3. Development, approval and financing of capital improvements in accordance with Town Code and the capital improvement budgeting process; 4. Structuring of principal and interest retirement schedules to: 1) achieve a low borrowing cost for the Town, 2) accommodate the debt service payments of existing debt, and 3) respond to perceptions of market demand. Shorter maturities shall always be encouraged to demonstrate to rating agencies that debt is being retired at a sufficiently rapid pace; 5. Selection of a method of sale that shall maximize the financial benefit to the Town; 6. Effective communication with bond rating agencies to ensure complete and clear understanding of the credit worthiness of the Town; and 7. Full, complete, and accurate disclosure of financial conditions and operating results in every financial report, bond prospectus and Annual Information Statement ("AIS"). All reports shall
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conform to guidelines issued by the Government Finance Officers Association ("GFOA"), Securities and Exchange Commission ("SEC"), and the Internal Revenue Service (IRS) to meet the disclosure needs of rating agencies, underwriters, investors, and taxpayers.
SECTION 15.05 : STRUCTURE OF DEBT
Debt service shall be structured to the greatest extent possible to: 1. Target projected cash flows and pledged revenues; 2. Minimize the impact on future tax levies; 3. Target a consistent and as rapid as feasible payment of principal; 4. Maintain a level overall annual debt service payment structure; and 5. Target the equal or the lesser of the useful life of the asset being financed, or the maximum legal maturity for the obligations issued to finance the acquisition and construction of the asset.
A. Fixed Interest versus Variable Interest
The Town generally issues fixed rate bonds primarily to protect the Town against interest rate risk. The Town has the option to issue variable rate bonds if market conditions warrant and Council approves it.
B. Other Considerations
Bonds are generally issued such that: 1. The average life is 20 years or less for general obligation bonds and revenue bonds, the Town may choose a longer term for revenue bonds for projects whose lives are greater than 20 years. 2. Debt service interest is paid in the first fiscal year after a bond sale, and principal is targeted to commence no later than the second fiscal year after the debt is issued. However, the Town may defer principal for a longer period of time in order to maintain a specific I&S tax rate or a certain level of debt service. 3. Call provisions for bond issues shall be made as short as possible consistent with the lowest interest cost to the Town. The targeted maximum length to call is 10 years. However, the Town may opt for a call date longer than 10 years in order to achieve the necessary goals of the particular issue.
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SECTION 15.06 : FINANCING ALTERNATIVES
The Town shall develop a level of cash and debt funded capital improvement projects that provide the citizens with the desired amount of Town services at the lowest cost. Town staff shall assess all financial alternatives for funding capital improvements prior to issuing debt. Long-term general obligation debt, including certificates of obligation, or revenue bonds shall be issued to finance significant and desirable capital improvements. Proceeds of general obligation debt will be used only for the purposes approved by voters in bond elections or set forth in the notices of intent for certificates of obligation or to refund previously issued general obligation bonds, certificates of obligation or revenue bonds. All bonds shall be sold in accordance with applicable law.
A. Pay-As-You-Go Financing
Pay-as-you-go financing should be considered before issuing any debt. Pay-as-you go financing may include: intergovernmental grants from federal, state and other sources, current revenues or fund balances, private sector contributions, and public/private partnerships. Once the Town has determined that pay-as-you-go is not a feasible or sufficient financing option, the Town may use bonds, loans, or other debt financing sources as deemed appropriate by Town staff and approved by Council.
B. General Obligation Bonds
General obligation bonds may be used if the following criteria are met: 1. The size of the issuance is $1 million or above; 2. The GO bond funds are used for new and expanded facilities, major repair or renovations to existing facilities, or quality-of-life projects; 3. The useful life of the capital asset acquired/constructed/improved will be ten (10) years or more, or the funds will extend the useful life of an asset for more than ten (10) years; and 4. Voter authorization is given through approval in a bond election in accordance with State law. GO bonds may be used to fund quality-of-life projects that include, but are not limited to, the Town’s parks, libraries, non-public safety facilities, internet and entertainment, sports and amusement-type facilities.
C. Certificates of Obligation COs will be issued for the following projects/acquisitions: 1. Finance permanent improvements and land acquisition; 2. Acquire equipment/vehicles;
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3. Leverage grant funding; 4. Renovate, acquire, construct facilities and facility improvements; 5. Construct street improvements; 6. Provide funding for master plans/studies; 7. Infrastructure projects (street and draining work) 8. Emergency Town facilities rehabilitation (storm water draining, etc.) 9. Major core service facilities (police, fire, streets, etc.) Notwithstanding the policy set forth herein, certificates of obligation or other long-term debt may be considered if the following criteria are met: 1. The need for the project is urgent and immediate; 2. The project(s) is necessary to prevent an economic loss to the Town; 3. Source of revenue is specific and can be expected to cover the additional debt; 4. The expected debt is the most cost effective financing option available. In addition, the average maturity of non-voter approved debt shall not exceed the average life of the project financed. Capital items shall have a value of at least $5,000 and a life of at least four years.
D. Reimbursement Resolutions Reimbursement resolutions, if required for funds to be advanced prior to issuance of General Obligation bonds, may be used for projects funded through General and Certificate Obligation bonds.
E. Certificates of Obligations - Enterprise Fund Certificates of obligation for an enterprise system will be limited to only those projects, which can demonstrate the capability to support the certificate debt either though its own revenues, or another pledged source other than ad valorem taxes and meet the same criteria as outlined in 15.06 above.
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F. Revenue Bonds Revenue bonds will be issued for projects that generate revenues that are sufficient to repay the debt. Except where otherwise required by state statutes, revenue bonds may be issued without voter approval and only in accordance with the laws of Texas.
G. Other debt obligations The use of other debt obligations, permitted by law, including but not limited to public property finance act contractual obligations, pension obligation bonds; tax notes and lease purchase obligations will be reviewed on a case-by-case basis. The findings in 15.06 above will be considered for the use of these obligations.
SECTION 15.07 : METHODS OF SALE
The Town’s debt obligations may be sold by competitive or negotiated sale methods. The selected method of sale depends upon the option which is expected to result in the lowest cost and most favorable terms to the Town given the financial structure used, market conditions, and prior experience. When considering the method of sale, the Town may consider the following issues: 1. Financial conditions;
2. Market conditions;
3. Transaction-specific conditions;
4. Town-related conditions;
5. Risks associated with each method;
6. Complexity of the Issue – Municipal securities with complex security features require greater marketing and buyer education efforts on the part of the underwriter, to improve the investors’ willingness to purchase;
7. Volatility of Bond Yields – If municipal markets are subject to abrupt changes in interest rates, there may be a need to have some flexibility in the timing of the sale to take advantage of positive market changes or to delay a sale in the face of negative market changes;
8. Familiarity of Underwriters with the Town’s Credit Quality – If underwriters are familiar with the Town’s credit quality, a lower True Interest Cost (TIC) may be achieved. Awareness of the credit quality of the Town has a direct impact on the TIC an underwriter will bid on an issue. Therefore, where additional information in the form of presale marketing benefits the interest rate, a negotiated sale may be recommended. The Town strives to maintain an excellent bond rating. As a result, the Municipal Bond Market is generally familiar with the Town’s credit quality; and
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9. Size of the Issue – The Town may choose to offer sizable issues as negotiated sales so that pre-marketing and buyer education efforts may be done to more effectively promote the bond sale.
A. Competitive Sale
In a competitive sale, bonds are awarded in a sealed bid sale to an underwriter or syndicate of underwriters that provides the lowest TIC bid. TIC is defined as the rate, which will discount the aggregate amount of debt service payable over the life of the bond issue to its present value on the date of delivery. It is customary for bids to be submitted electronically through a secure website.
B. Negotiated Sale
In a negotiated sale, the Town chooses an underwriter or underwriting syndicate that is interested in reoffering a particular series of bonds to investors. The terms of the sale, including the size of the underwriter’s discount, date of sale, and other factors, are negotiated between the two parties. Although the method of sale is termed negotiated, individual components of the sale may be competitively bid. The components are subject to a market analysis and reviewed prior to recommendation by staff. Negotiated sales are more advantageous when flexibility in the sale date is needed or when less conventional bond structures are being sold. Negotiated sales are also often used when the issue is particularly large or if the sale of the debt issuance would be perceived to be more successful with pre-marketing efforts.
C. Private Placement
A private placement is a negotiated sale of debt securities to a limited number of selected investors including financial institutions, government agencies, or authorities. The Town may engage a placement agent to identify likely investors if deemed necessary. A private placement may be beneficial when the issue size is small, when the security of the bonds is somewhat weaker, or when a governmental lending agency or authority can provide beneficial interest rates or terms compared to financing in the public market.
SECTION 15.08 : REFUNDING OF DEBT All forms of refunding debt shall be approved by Council in accordance with Town ordinances and the Department of Finance and Administration in accordance with state law.
A. Advance Refunding
Advanced refunding and forward delivery refunding transactions for savings may be considered when the net present value savings as a percentage of the par amount of refunded bonds is approximately three percent.
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B. Current Refunding
Current refunding transactions issued for savings maybe considered when the net present value savings as a percentage of the par amount of refunded bonds is approximately three percent.
C. Refunding for Debt Restructuring
From time to time, the Town may also issue refunding debt for other purposes, rather than net present value savings, such as restructuring debt, changing covenants, or changing the repayment source of the bonds.
SECTION 15.09 : DEBT LIMITS
The total principal amount of general obligation bonds together with the principal amount of all other outstanding tax indebtedness of the Town will be targeted to not exceed six percent of the total assessed valuation of the Town's tax rolls. The Town will target an I&S tax rate that makes up 35% or less of the Town’s total tax rate (M&O tax rate plus I&S tax rate). The Enterprise Fund will target the net revenues available for debt service to exceed 125 times the outstanding revenue-backed debt service payments.
SECTION 15.10: MATURITY LEVELS
A. Revenue Debt The term of revenue debt shall not exceed the expected useful life of the capital asset being financed and in no case shall it exceed thirty years.
B. General Obligation Debt The term of general obligation debt shall be targeted not to exceed twenty years.
SECTION 15.11: MANAGEMENT OF DEBT SERVICE FUND
A. Interest Earnings Interest earnings on bond and loan proceeds shall be used solely to fund direct or related capital expenditures, or to service current and future debt payments.
216
B. Debt Service Reserves – General Obligation Bonds
Debt service reserves for general obligation bonds shall not be required.
C. Debt Service Reserves – Revenue Bonds
Debt service reserves for revenue bonds shall be maintained at levels required by controlling bond ordinances.
D. IRS Rules and Regulations
The Town shall comply with all IRS rules and regulations including, but not limited to, arbitrage.
SECTION 15.12: RATINGS
Adherence to a debt management policy helps insure that the Town maintains the current or an improved bond rating in order to minimize borrowing costs and preserve access to credit. Toward that end, the Town will take the following steps. 1. Strive to maintain good relationships with bond rating agencies as well as disclose financial reports and information to these agencies and to the public. 2. Obtain a rating from at least one nationally recognized bond-rating agency on all issues being sold in the public market. 3. Make timely disclosure of annual financial information or other requested information to the rating agencies.
SECTION 15.13: CONTINUING DISCLOSURE The Town will take all appropriate steps to comply with federal securities laws, including, but not limited to, Securities and Exchange Commission ("SEC") Rule 15c2 -12 the ("Rule"). The Town will make annual and event disclosure filings to the MSRB via EMMA as required by the Rule and its continuing disclosure undertakings.
SECTION 15.14: SELECTION OF FINANCIAL ADVISOR
The Town shall retain an independent financial advisor for advice on the structuring of new debt, financial analysis of various options, including refunding opportunities, the rating review process, the marketing and marketability of Town debt obligations, issuance and post- issuance services, the preparation of offering documents (each, an "Official Statement") and other services, as necessary. The Town will seek the advice of the financial advisor on an ongoing basis. The financial advisor will perform other services as defined by the agreement approved by the Town Council. The financial advisor will not bid on nor underwrite any Town debt issues in accordance with MSRB rules.
217
SECTION 15.15: SELECTION OF BOND COUNSEL
The Town shall retain bond counsel for legal and procedural advice on all debt issues. Bond counsel shall advise the Town Council in all matters pertaining to its bond ordinance(s) and /or resolution(s). No action shall be taken with respect to any obligation until a written instrument (e.g., Certificate for Ordinance or other legal instrument) has been prepared by the bond attorneys certifying the legality of the proposal. The bond attorneys shall prepare all ordinances and other legal instruments required for the execution and sale of any bonds issued which shall then be reviewed by the Town Attorney and the Director of Finance. The Town will also seek the advice of bond counsel on all other types of debt and on any other questions involving state law and federal tax or arbitrage law. Special counsel may be retained to protect the Town's interest in complex negotiations. The Town of Prosper Debt Management Policy was approved the 27th day of June, 2017. ___________ Harlan Jefferson, Town Manager
218
TOWN OF PROSPER
ADMINISTRATIVE REGULATIONS
CHAPTER 16: DEBT POST ISSUANCE POLICY
SECTION 16.01: PURPOSE AND OVERVIEW It is the policy of the Town of Prosper to actively pursue the following Post-Issuance Tax Compliance Procedures (the "Procedures") to ensure that all applicable post-issuance requirements of federal income tax law are met to preserve the tax-exempt status of the Town's bonds.
SECTION 16.02 : GENERAL PROCEDURES
A.The Tax Compliance Certificate1.The Tax Compliance Certificate ("Tax Certificate") issued for each bond issue describingthe requirements and provisions of the Code must be followed in order to maintain thetax-exempt status of the interest on such bonds.2.The Tax Certificate will contain the reasonable expectations of the Town at the time ofissuance of the related bonds with respect to the use of the gross proceeds of such bondsand the assets to be financed or refinanced with the proceeds thereof.
B.ProceduresThe procedures supplement and support the covenants and representations made by theTown in the Tax Certificate related to specific issues of tax-exempt bonds. In order to complywith the covenants and representations set forth in the bond documents and in the TaxCertificate the Town will monitor all Town bond issues using the post issuance compliancerequirements.
SECTION 16.03 : DESIGNATION OF RESPONSIBLE PERSON The Town Finance Director shall maintain an inventory of bonds and assets financed which contains the pertinent data to satisfy the Town's monitoring responsibilities. Any transfer, sale or other disposition of bond-financed assets shall be reviewed and approved by the Town Council, in accordance with state law and the Town’s ordinances.
SECTION 16.04 : EXTERNAL ADVISORS/DOCUMENTATION The Town shall consult with bond counsel and other legal counsel and advisors as needed throughout the issuance process to identify requirements and to establish procedures necessary or appropriate so that the bonds will continue to qualify for tax-exempt status. Those
219
requirements and procedures shall be documented in the Tax Certificate and/or other documents finalized at or before issuance of the bonds. Those requirements and procedures shall include future compliance with applicable arbitrage rebate requirements and all other applicable post-issuance requirements of federal tax law throughout (and in some cases beyond) the term of the bonds. 1. The Town also shall consult with bond counsel and other legal counsel and advisors as needed following issuance of the bonds to ensure that all applicable post-issuance requirements are met. This shall include, without limitation, consultation in connection with future long-term contracts with private parties for the use of bond- financed or refinanced assets. 2. The Town shall engage expert advisors (a "Rebate Service Provider") to assist in the calculation of the arbitrage rebate payable with respect to the investment of the bond proceeds, unless the Tax Certificate documents that arbitrage rebate will not be applicable to an issue of bonds. 3. Unless otherwise provided by the resolution or other authorizing documents relating to the bonds, unexpended bond proceeds shall be held in a segregated bond account. The investment of bond proceeds shall be managed by the Town. The Town shall prepare regular, periodic statements regarding the investments and transactions involving bond proceeds.
SECTION 16.05: ARBITRAGE REBATE AND YIELD
Unless the Tax Certificate documents that arbitrage rebate will not be applicable to an issue of bonds, the Town shall be responsible for: 1. Engaging, by contract, the services of a Rebate Service Provider, procured in accordance with State law and Town ordinances. 2. Providing to the Rebate Service Provider, as may be requested, additional documents and information pertaining to the expenditure of proceeds from each bond issue being annually reviewed. 3. Monitoring the services of the Rebate Service Provider. 4. Assuring payment of the required rebate amounts, if any, no later than sixty (60) days after each five (5) year anniversary of the issue date of the bonds, and no later than sixty (60)days after the last bond of each issue is redeemed. 5. During the construction period of each capital project financed in whole or in part by bonds, monitoring the investment and expenditure of bond proceeds and consulting with the Rebate Service Provider to determine compliance with the applicable exceptions with any arbitrage rebate requirements. 6. Retaining copies of all arbitrage reports and account statements as described below under "Record Keeping Requirements.”
220
SECTION 16.06: USE OF BOND PROCEEDS AND BOND-FINANCED OR
REFINANCED ASSETS The Town, in the Tax Certificate and/or other documents finalized at or before the issuance of the bond, shall be responsible for the following tasks: 1. Monitoring the use of bond proceeds and the use of bond-financed or refinanced assets (e.g. facilities, furnishing or equipment) throughout the term of the bonds to ensure compliance with covenants and restrictions set forth in the Tax Certificate. 2. Maintaining records identifying the capital assets or portion of capital assets that are financed or refinanced with proceeds of the bonds, including a final allocation of bond proceeds as described below under "Record Keeping Requirements.” 3. Consulting with bond counsel and other legal counsel and advisors in the review of any contracts or arrangements involving private use of bond-financed or refinanced assets to ensure compliance with all covenants and restrictions set forth in the Tax Certificate. 4. Maintaining records for any contracts or arrangements involving the use of bond- financed or refinanced assets as described below under "Record Keeping Requirements.” 5. To the extent that the Town discovers that any applicable tax restrictions regarding use of the bond proceeds and bond-financed or refinanced assets may have or may be violated, consulting promptly with bond counsel and other legal advisors to determine a course of action to remediate all nonqualified bonds, if such counsel advises that a remedial action is necessary.
SECTION 16.07: RECORD KEEPING REQUIREMENT
The Town shall be responsible for maintaining the following documents for the term of the issuance of bonds (including refunding bonds, if any) plus at least three years. 1. A copy of the bond closing transcript(s) and other relevant documentation delivered to the Town at or in connection with closing of the issuance of bonds, including any elections made by the Town in connection therewith. 2. A copy of all material documents relating to capital expenditures financed or refinanced by bond proceeds, including (without limitation) construction contracts, purchase orders, invoices, requisitions and payment records, draw requests for bond proceeds and evidence as to the amount and date for each draw down of bond proceeds, as well as documents relating to costs paid or reimbursed with bond proceeds and records identifying the asset or portion of assets that are financed or refinanced with bond proceeds, including a final allocation of bond proceeds. 3. A copy of all contracts and arrangements involving the use of bond-financed or refinanced assets.
221
4. A copy of all records of investments, investment agreements, arbitrage reports and underlying documents in connection with any investment agreements, and copies of all bidding documents, if any. [Paying agent account statements, bank statements for reserve funds, etc.]
The Town of Prosper Debt Post Issuance Policy was approved the 13th day of June, 2017. ___________ Harlan Jefferson, Town Manager
222
Town Staff
Town Manager's Office
Town Secretary's Office
Finance
Human Resources
Information Technology
Communications
Municipal Court
Police
Fire
Infrastructure Services
Development Services
Public Works
Parks and Recreation
Library
Engineering
Consultants
Auditors
Bond Counsel
Town Attorney
Financial Advisors
Risk Management
Town Staff and Consultants
Vacant, Town Manager
Bob Scott, Executive Director of Administrative Services
Michelle Lewis Sirianni, Town Secretary
Chris Landrum, Finance Director
James Edwards, Human Resources Director
Leigh Johnson, Information Technology Director
Robyn Battle, Executive Director of Community Services
Celia O'Dell, Court Administrator
Doug Kowalski, Police Chief
Stuart Blasingame, Fire Chief
Vacant, Executive Director of Development & Infrastructure Services
Vacant, Development Services Director
Frank Jaromin, Public Works Director
Dan Baker, Parks and Recreation Director
Leslie Scott, Library Director
Hulon Webb, Director of Engineering Services
Pattillo, Brown, & Hill ‐ John K. Manning, Partner McCall, Parkhurst &
Horton LLP ‐ Dan Culver
Brown & Hofmeister LLP ‐ Terry Welch
Hilltop Securities, Inc ‐ Jason Hughes
TML Intergovernmental Risk Pool
223
Form developed by: Texas Comptroller of Public Accounts, Property Tax Assistance Division For additional copies, visit: comptroller.texas.gov/taxes/property-tax
50-856 • 5-22/9
Form 50-8562022 Tax Rate Calculation WorksheetTaxing Units Other Than School Districts or Water Districts
____________________________________________________________________________ ________________________________
Taxing Unit Name Phone (area code and number)
____________________________________________________________________________ ________________________________
Taxing Unit’s Address, City, State, ZIP Code Taxing Unit’s Website Address
GENERAL INFORMATION: Tax Code Section 26.04(c) requires an officer or employee designated by the governing body to calculate the no-new-revenue (NNR) tax rate and
voter-approval tax rate for the taxing unit. These tax rates are expressed in dollars per $100 of taxable value calculated. The calculation process starts after the chief appraiser
delivers to the taxing unit the certified appraisal roll and the estimated values of properties under protest. The designated officer or employee shall certify that the officer or
employee has accurately calculated the tax rates and used values shown for the certified appraisal roll or certified estimate. The officer or employee submits the rates to the
governing body by Aug. 7 or as soon thereafter as practicable.
School districts do not use this form, but instead use Comptroller Form 50-859 Tax Rate Calculation Worksheet, School District without Chapter 313 Agreements or Comptroller Form
50-884 Tax Rate Calculation Worksheet, School District with Chapter 313 Agreements.
Water districts as defined under Water Code Section 49.001(1) do not use this form, but instead use Comptroller Form 50-858 Water District Voter-Approval Tax Rate Worksheet for
Low Tax Rate and Developing Districts or Comptroller Form 50-860 Developed Water District Voter-Approval Tax Rate Worksheet.
The Comptroller’s office provides this worksheet to assist taxing units in determining tax rates. The information provided in this worksheet is offered as technical assistance and not
legal advice. Taxing units should consult legal counsel for interpretations of law regarding tax rate preparation and adoption.
SECTION 1: No-New-Revenue Tax Rate
The NNR tax rate enables the public to evaluate the relationship between taxes for the prior year and for the current year based on a tax rate that would produce the same amount
of taxes (no new taxes) if applied to the same properties that are taxed in both years. When appraisal values increase, the NNR tax rate should decrease.
The NNR tax rate for a county is the sum of the NNR tax rates calculated for each type of tax the county levies.
While uncommon, it is possible for a taxing unit to provide an exemption for only maintenance and operations taxes. In this case, the taxing unit will need to calculate the NNR tax
rate separately for the maintenance and operations tax and the debt tax, then add the two components together.
Line No-New-Revenue Tax Rate Worksheet Amount/Rate
1. 2021 total taxable value. Enter the amount of 2021 taxable value on the 2021 tax roll today. Include any adjustments since last year’s certification;
exclude Tax Code Section 25.25(d) one-fourth and one-third over-appraisal corrections from these adjustments. Exclude any property value subject
to an appeal under Chapter 42 as of July 25 (will add undisputed value in Line 6). This total includes the taxable value of homesteads with tax ceil-
ings (will deduct in Line 2) and the captured value for tax increment financing (adjustment is made by deducting TIF taxes, as reflected in Line 17).1 $ _____________
2.2021 tax ceilings. Counties, cities and junior college districts. Enter 2021 total taxable value of homesteads with tax ceilings. These include the
homesteads of homeowners age 65 or older or disabled. Other taxing units enter 0. If your taxing unit adopted the tax ceiling provision in
2021 or a prior year for homeowners age 65 or older or disabled, use this step.2 $ _____________
3.Preliminary 2021 adjusted taxable value. Subtract Line 2 from Line 1.$ _____________
4.2021 total adopted tax rate.$ __________/$100
5.
A. Original 2021 ARB values:............................................................................ $ _____________
B.2021 values resulting from final court decisions:..................................................... - $ _____________
C.2021 value loss. Subtract B from A.3 $ _____________
6.
A. 2021 ARB certified value: ............................................................................ $ _____________
B.2021 disputed value:................................................................................. - $ _____________
C.2021 undisputed value. Subtract B from A. 4 $ _____________
7.2021 Chapter 42 related adjusted values. Add Line 5C and Line 6C.$ _____________
2021 taxable value lost because court appeals of ARB decisions reduced 2021 appraised value.
2021 taxable value subject to an appeal under Chapter 42, as of July 25.
1 Tex. Tax Code § 26.012(14)
2 Tex. Tax Code § 26.012(14)
3 Tex. Tax Code § 26.012(13)
4 Tex. Tax Code § 26.012(13)
Town of Prosper 972-346-2640
250 W. First Street, Prosper, TX 75078 www.prospertx.gov
5,967,307,930
497,313,189
5,469,994,741
0.510000
143,932,326
132,457,338
11,474,988
10,870,790
1,972,176
8,898,614
20,373,602
224
2022 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
Line No-New-Revenue Tax Rate Worksheet Amount/Rate
8.2021 taxable value, adjusted for actual and potential court-ordered adjustments. Add Line 3 and Line 7.$ _____________
9.2021 taxable value of property in territory the taxing unit deannexed after Jan. 1, 2021. Enter the 2021 value of property in deannexed
territory. 5 $ _____________
10.
A. Absolute exemptions. Use 2021 market value: ......................................................... $ _____________
B. Partial exemptions. 2022 exemption amount or 2022 percentage exemption
times 2021 value:...................................................................................... + $ _____________
C. Value loss. Add A and B. 6 $ _____________
11.
A. 2021 market value:................................................................................... $ _____________
B.2022 productivity or special appraised value:........................................................ - $ _____________
C. Value loss. Subtract B from A. 7 $ _____________
12.Total adjustments for lost value. Add Lines 9, 10C and 11C.$ _____________
13.2021 captured value of property in a TIF. Enter the total value of 2021 captured appraised value of property taxable by a taxing unit in a tax
increment financing zone for which 2021 taxes were deposited into the tax increment fund. 8 If the taxing unit has no captured appraised
value in line 18D, enter 0.$ _____________
14.2021 total value. Subtract Line 12 and Line 13 from Line 8.$ _____________
15.Adjusted 2021 total levy. Multiply Line 4 by Line 14 and divide by $100.$ _____________
16.Taxes refunded for years preceding tax year 2021. Enter the amount of taxes refunded by the taxing unit for tax years preceding tax year
2021. Types of refunds include court decisions, Tax Code Section 25.25(b) and (c) corrections and Tax Code Section 31.11 payment errors.
Do not include refunds for tax year 2021. This line applies only to tax years preceding tax year 2021. 9 $ _____________
17.Adjusted 2021 levy with refunds and TIF adjustment. Add Lines 15 and 16. 10 $ _____________
18.
A. Certified values:...................................................................................... $ _____________
B.Counties: Include railroad rolling stock values certified by the Comptroller’s office: ....................... + $ _____________
C. Pollution control and energy storage system exemption: Deduct the value of property exempted
for the current tax year for the first time as pollution control or energy storage system property:........... - $ _____________
D. Tax increment financing: Deduct the 2022 captured appraised value of property taxable by a taxing
unit in a tax increment financing zone for which the 2022 taxes will be deposited into the tax increment
fund. Do not include any new property value that will be included in Line 23 below. 12 .................... - $ _____________
E. Total 2022 value. Add A and B, then subtract C and D.$ _____________
2021 taxable value lost because property first qualified for an exemption in 2022. If the taxing unit increased an original exemption, use
the difference between the original exempted amount and the increased exempted amount. Do not include value lost due to freeport, goods-
in-transit, temporary disaster exemptions. Note that lowering the amount or percentage of an existing exemption in 2022 does not create a
new exemption or reduce taxable value.
2021 taxable value lost because property first qualified for agricultural appraisal (1-d or 1-d-1), timber appraisal, recreational/
scenic appraisal or public access airport special appraisal in 2022. Use only properties that qualified in 2022 for the first time; do not use
properties that qualified in 2021.
Total 2022 taxable value on the 2022 certified appraisal roll today. This value includes only certified values or certified estimate of
values and includes the total taxable value of homesteads with tax ceilings (will deduct in Line 20). These homesteads include homeowners
age 65 or older or disabled. 11
5 Tex. Tax Code § 26.012(15)
6 Tex. Tax Code § 26.012(15)
7 Tex. Tax Code § 26.012(15)
8 Tex. Tax Code § 26.03(c)
9 Tex. Tax Code § 26.012(13)
10 Tex. Tax Code § 26.012(13)
11 Tex. Tax Code § 26.012, 26.04(c-2)
12 Tex. Tax Code § 26.03(c)
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 2
5,490,368,343
0
2,604,754
210,082,613
212,687,367
5,720,030
4,329
5,715,701
218,403,068
145,415,055
5,126,550,220
26,145,406
248,856
26,394,262
7,011,772,529
0
158,960,817
6,852,811,712
225
2022 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
20.2022 tax ceilings. Counties, cities and junior colleges enter 2022 total taxable value of homesteads with tax ceilings. These include the home-
steads of homeowners age 65 or older or disabled. Other taxing units enter 0. If your taxing unit adopted the tax ceiling provision in 2021 or
a prior year for homeowners age 65 or older or disabled, use this step.16 $ _____________
21.2022 total taxable value. Add Lines 18E and 19C. Subtract Line 20. 17 $ _____________
22.Total 2022 taxable value of properties in territory annexed after Jan. 1, 2021. Include both real and personal property. Enter the 2022
value of property in territory annexed. 18 $ _____________
23. Total 2022 taxable value of new improvements and new personal property located in new improvements. New means the item was
not on the appraisal roll in 2021. An improvement is a building, structure, fixture or fence erected on or affixed to land. New additions to
exist-ing improvements may be included if the appraised value can be determined. New personal property in a new improvement must have
been brought into the taxing unit after Jan. 1, 2021 and be located in a new improvement. New improvements do include property on which
a tax abatement agreement has expired for 2022. 19 $ _____________
24.Total adjustments to the 2022 taxable value. Add Lines 22 and 23.$ _____________
25.Adjusted 2022 taxable value. Subtract Line 24 from Line 21.$ _____________
26.2022 NNR tax rate. Divide Line 17 by Line 25 and multiply by $100. 20 $ __________/$100
27.COUNTIES ONLY. Add together the NNR tax rates for each type of tax the county levies. The total is the 2022 county NNR tax rate. 21 $ __________/$100
Line No-New-Revenue Tax Rate Worksheet Amount/Rate
19.
A.2022 taxable value of properties under protest. The chief appraiser certifies a list of properties still
under ARB protest. The list shows the appraisal district’s value and the taxpayer’s claimed value, if any,
or an estimate of the value if the taxpayer wins. For each of the properties under protest, use the lowest
of these values. Enter the total value under protest. 14.................................................... $ _____________
B. 2022 value of properties not under protest or included on certified appraisal roll. The chief
appraiser gives taxing units a list of those taxable properties that the chief appraiser knows about but
are not included in the appraisal roll certification. These properties also are not on the list of properties
that are still under protest. On this list of properties, the chief appraiser includes the market value,
appraised value and exemptions for the preceding year and a reasonable estimate of the market value,
appraised value and exemptions for the current year. Use the lower market, appraised or taxable value
(as appropriate). Enter the total value of property not on the certified roll. 15 .............................. + $ _____________
C. Total value under protest or not certified. Add A and B.$ _____________
Total value of properties under protest or not included on certified appraisal roll. 13
Line Voter-Approval Tax Rate Worksheet Amount/Rate
28.2021 M&O tax rate. Enter the 2021 M&O tax rate.$ __________/$100
29.2021 taxable value, adjusted for actual and potential court-ordered adjustments. Enter the amount in Line 8 of the No-New-Revenue
Tax Rate Worksheet.$ _____________
SECTION 2: Voter-Approval Tax Rate
The voter-approval tax rate is the highest tax rate that a taxing unit may adopt without holding an election to seek voter approval of the rate. The voter-approval tax rate is split
into two separate rates:
1. Maintenance and Operations (M&O) Tax Rate: The M&O portion is the tax rate that is needed to raise the same amount of taxes that the taxing unit levied in the prior year
plus the applicable percentage allowed by law. This rate accounts for such things as salaries, utilities and day-to-day operations.
2. Debt Rate: The debt rate includes the debt service necessary to pay the taxing unit’s debt payments in the coming year. This rate accounts for principal and interest on bonds
and other debt secured by property tax revenue.
The voter-approval tax rate for a county is the sum of the voter-approval tax rates calculated for each type of tax the county levies. In most cases the voter-approval tax rate
exceeds the no-new-revenue tax rate, but occasionally decreases in a taxing unit’s debt service will cause the NNR tax rate to be higher than the voter-approval tax rate.
13 Tex. Tax Code § 26.01(c) and (d)
14 Tex. Tax Code § 26.01(c)
15 Tex. Tax Code § 26.01(d)
16 Tex. Tax Code § 26.012(6)(B)
17 Tex. Tax Code § 26.012(6)
18 Tex. Tax Code § 26.012(17)
19 Tex. Tax Code § 26.012(17)
20 Tex. Tax Code § 26.04(c)
21 Tex. Tax Code § 26.04(d)
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 3
345,202,639
0
345,202,639
576,023,831
6,621,990,520
0
599,036,068
599,036,068
6,022,954,452
0.438227
0.328000
5,490,368,343
226
2022 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
Line Voter-Approval Tax Rate Worksheet Amount/Rate
30. Total 2021 M&O levy. Multiply Line 28 by Line 29 and divide by $100 $ _____________
31.
A.M&O taxes refunded for years preceding tax year 2021. Enter the amount of M&O taxes
refunded in the preceding year for taxes before that year. Types of refunds include court decisions,
Tax Code Section 25.25(b) and (c) corrections and Tax Code Section 31.11 payment errors. Do not
include refunds for tax year 2021. This line applies only to tax years preceding tax year 2021. .............. + $ _____________
B. 2021 taxes in TIF. Enter the amount of taxes paid into the tax increment fund for a reinvestment
zone as agreed by the taxing unit. If the taxing unit has no 2022 captured appraised value in
Line 18D, enter 0....................................................................................... – $ _____________
C.2021 transferred function. If discontinuing all of a department, function or activity and
transferring it to another taxing unit by written contract, enter the amount spent by the taxing
unit discontinuing the function in the 12 months preceding the month of this calculation. If the
taxing unit did not operate this function for this 12-month period, use the amount spent in the last
full fiscal year in which the taxing unit operated the function. The taxing unit discontinuing the function
will subtract this amount in D below. The taxing unit receiving the function will add this amount in
D below. Other taxing units enter 0. .................................................................... +/- $ _____________
D. 2021 M&O levy adjustments. Subtract B from A. For taxing unit with C, subtract if
discontinuing function and add if receiving function..................................................... $ _____________
E.Add Line 30 to 31D.$ _____________
32. Adjusted 2022 taxable value. Enter the amount in Line 25 of the No-New-Revenue Tax Rate Worksheet.$ _____________
33. 2022 NNR M&O rate (unadjusted). Divide Line 31E by Line 32 and multiply by $100.$ __________/$100
34.
A.2022 state criminal justice mandate. Enter the amount spent by a county in the previous 12 months
providing for the maintenance and operation cost of keeping inmates in county-paid facilities after they
have been sentenced. Do not include any state reimbursement received by the county for the same purpose. $ _____________
B.2021 state criminal justice mandate. Enter the amount spent by a county in the 12 months prior to
the previous 12 months providing for the maintenance and operation cost of keeping inmates in
county-paid facilities after they have been sentenced. Do not include any state reimbursement received
by the county for the same purpose. Enter zero if this is the first time the mandate applies................. – $ _____________
C. Subtract B from A and divide by Line 32 and multiply by $100............................................ $ __________/$100
D.Enter the rate calculated in C. If not applicable, enter 0.$ __________/$100
35.
A.2022 indigent health care expenditures. Enter the amount paid by a taxing unit providing for the
maintenance and operation cost of providing indigent health care for the period beginning on
July 1, 2021 and ending on June 30, 2022, less any state assistance received for the same purpose. ... ..... $ _____________
B. 2021 indigent health care expenditures. Enter the amount paid by a taxing unit providing for
the maintenance and operation cost of providing indigent health care for the period
beginning on July 1, 2020 and ending on June 30, 2021, less any state assistance received
for the same purpose................................................................................... – $ _____________
C. Subtract B from A and divide by Line 32 and multiply by $100............................................ $ __________/$100
D.Enter the rate calculated in C. If not applicable, enter 0.$ __________/$100
Adjusted 2021 levy for calculating NNR M&O rate.
Rate adjustment for state criminal justice mandate. 23
Rate adjustment for indigent health care expenditures. 24
22 [Reserved for expansion]
23 Tex. Tax Code § 26.044
24 Tex. Tax Code § 26.0441
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 4
18,008,408
175,901
493,368
0
-317,467
17,690,941
6,022,954,452
0.293725
0
0
0
0
0
0
0
0
227
2022 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
Line Voter-Approval Tax Rate Worksheet Amount/Rate
36.Rate adjustment for county indigent defense compensation. 25
A.2022 indigent defense compensation expenditures. Enter the amount paid by a county to provide
appointed counsel for indigent individuals and fund the operations of a public defender's office under
Article 26.044, Code of Criminal Procedure for the period beginning on July 1, 2021 and ending on
June 30, 2022, less any state grants received by the county for the same purpose . . . . . . . . . . . . . . . . . .
B. 2021 indigent defense compensation expenditures. Enter the amount paid by a county to provide
appointed counsel for indigent individuals and fund the operations of a public defender's office under
Article 26.044, Code of Criminal Procedure for the period beginning on July 1, 2020 and ending onJune 30, 2021, less any state grants received by the county for the same purpose. . . . . . . . . . . . . .
C. Subtract B from A and divide by Line 32 and multiply by $100............................................
D.Multiply B by 0.05 and divide by Line 32 and multiply by $100............................................
$ _____________
$ _____________
$ __________/$100
$ __________/$100
E.Enter the lesser of C and D. If not applicable, enter 0.$ __________/$100
37.Rate adjustment for county hospital expenditures. 26
A.2022 eligible county hospital expenditures. Enter the amount paid by the county or municipality
to maintain and operate an eligible county hospital for the period beginning on July 1, 2021 and
ending on June 30, 2022. .............................................................................. $ _____________
B. 2021 eligible county hospital expenditures. Enter the amount paid by the county or municipality
to maintain and operate an eligible county hospital for the period beginning on July 1, 2020 and
ending on June 30, 2021. .............................................................................. $ _____________
C. Subtract B from A and divide by Line 32 and multiply by $100............................................ $ __________/$100
D.Multiply B by 0.08 and divide by Line 32 and multiply by $100............................................ $ __________/$100
E.Enter the lesser of C and D, if applicable. If not applicable, enter 0.$ __________/$100
40.
A.Enter the amount of additional sales tax collected and spent on M&O expenses in 2021, if any.
Counties must exclude any amount that was spent for economic development grants from the amount
of sales tax spent ...................................................................................... $ _____________
B.Divide Line 40A by Line 32 and multiply by $100 ........................................................ $ __________/$100
C. Add Line 40B to Line 39.$ __________/$100
39.Adjusted 2022 NNR M&O rate. Add Lines 33, 34D, 35D, 36E, and 37E. Subtract Line 38D.$ __________/$100
38.
A.Amount appropriated for public safety in 2021. Enter the amount of money appropriated for public
safety in the budget adopted by the municipality for the preceding fiscal year . . . . . . . . . . . . . . . . . . . . . . . . . . . . $ _____________
B. Expenditures for public safety in 2021. Enter the amount of money spent by the municipality for public
safety during the preceding fiscal year .................................................................. $ _____________
C. Subtract B from A and divide by Line 32 and multiply by $100 ........................................... $ __________/$100
D.Enter the rate calculated in C. If not applicable, enter 0.$ __________/$100
41.2022 voter-approval M&O rate. Enter the rate as calculated by the appropriate scenario below.$ __________/$100
Rate adjustment for defunding municipality. This adjustment only applies to a municipality that is considered to be a defunding municipality
for the current tax year under Chapter 109, Local Government Code. Chapter 109, Local Government Code only applies to municipalities with a
population of more than 250,000 and includes a written determination by the Office of the Governor. See Tax Code 26.0444 for more information.
Adjustment for 2021 sales tax specifically to reduce property values. Cities, counties and hospital districts that collected and spent addi-
tional sales tax on M&O expenses in 2021 should complete this line. These entities will deduct the sales tax gain rate for 2022 in Section 3.
Other taxing units, enter zero.
Special Taxing Unit. If the taxing unit qualifies as a special taxing unit, multiply Line 40C by 1.08.
- or -
Other Taxing Unit. If the taxing unit does not qualify as a special taxing unit, multiply Line 40C by 1.035.
25 Tex. Tax Code § 26.0442
26 Tex. Tax Code § 26.0443
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 5
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0.293725
0
0
0.293725
0.304005
228
2022 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
Line Voter-Approval Tax Rate Worksheet Amount/Rate
D41. Disaster Line 41 (D41): 2022 voter-approval M&O rate for taxing unit affected by disaster declaration. If the taxing unit is located in an
area declared a disaster area and at least one person is granted an exemption under Tax Code Section 11.35 for property located in the taxing
unit, the governing body may direct the person calculating the voter-approval tax rate to calculate in the manner provided for a special taxing
unit. The taxing unit shall continue to calculate the voter-approval tax rate in this manner until the earlier of
If the taxing unit qualifies under this scenario, multiply Line 40C by 1.08. 27 If the taxing unit does not qualify, do not complete
Disaster Line 41 (Line D41).$ __________/$100
42.
A. Debt also includes contractual payments to other taxing units that have incurred debts on behalf of this taxing unit, if those debts
meet the four conditions above. Include only amounts that will be paid from property tax revenue. Do not include appraisal district
budget payments. If the governing body of a taxing unit authorized or agreed to authorize a bond, warrant, certificate of obligation, or
other evidence of indebtedness on or after Sept. 1, 2022, verify if it meets the amended definition of debt before including it here. 28
Enter debt amount .................................................................................... $ _____________
B.Subtract unencumbered fund amount used to reduce total debt. ...................................... – $ _____________
C. Subtract certified amount spent from sales tax to reduce debt (enter zero if none) .................... – $ _____________
D.Subtract amount paid from other resources ............................................................ – $ _____________
E.Adjusted debt. Subtract B, C and D from A.$ _____________
43. Certified 2021 excess debt collections. Enter the amount certified by the collector. 29 $ _____________
44. Adjusted 2022 debt. Subtract Line 43 from Line 42E.$ _____________
45.
A. Enter the 2022 anticipated collection rate certified by the collector. 30 .................................... ____________%
B.Enter the 2021 actual collection rate. ................................................................... ____________%
C. Enter the 2020 actual collection rate. ................................................................... ____________%
D.Enter the 2019 actual collection rate. ................................................................... ____________%
E.If the anticipated collection rate in A is lower than actual collection rates in B, C and D, enter the lowest
collection rate from B, C and D. If the anticipated rate in A is higher than at least one of the rates in the
prior three years, enter the rate from A. Note that the rate can be greater than 100%. 31 ____________%
46. 2022 debt adjusted for collections. Divide Line 44 by Line 45E.$ _____________
47. 2022 total taxable value. Enter the amount on Line 21 of the No-New-Revenue Tax Rate Worksheet.$ _____________
48. 2022 debt rate. Divide Line 46 by Line 47 and multiply by $100.$ __________/$100
49. 2022 voter-approval tax rate. Add Lines 41 and 48.$ __________/$100
D49. Disaster Line 49 (D49): 2022 voter-approval tax rate for taxing unit affected by disaster declaration. Complete this line if the taxing
unit calculated the voter-approval tax rate in the manner provided for a special taxing unit on Line D41.
Add Line D41 and 48.$ __________/$100
1) the first year in which total taxable value on the certified appraisal roll exceeds the total taxable value of
the tax year in which the disaster occurred, or
2) the third tax year after the tax year in which the disaster occurred
Total 2022 debt to be paid with property taxes and additional sales tax revenue. Debt means the interest and principal that will be
paid on debts that:
(1) are paid by property taxes,
(2) are secured by property taxes,
(3) are scheduled for payment over a period longer than one year, and
(4) are not classified in the taxing unit’s budget as M&O expenses.
2022 anticipated collection rate.
27 Tex. Tax Code § 26.042(a)
28 Tex. Tax Code § 26.012(7)
29 Tex. Tax Code § 26.012(10) and 26.04(b)
30 Tex. Tax Code § 26.04(b)
31 Tex. Tax Code §§ 26.04(h), (h-1) and (h-2)
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 6
0
12,891,164
0
0
0
12,891,164
839,773
12,051,391
100.00
101.37
101.01
107.29
101.01
11,930,889
6,621,990,520
0.180170
0.484175
229
2022 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
Line Voter-Approval Tax Rate Worksheet Amount/Rate
50. COUNTIES ONLY. Add together the voter-approval tax rates for each type of tax the county levies. The total is the 2022 county voter-approval
tax rate.$ __________/$100
Line Additional Sales and Use Tax Worksheet Amount/Rate
51. Taxable Sales. For taxing units that adopted the sales tax in November 2021 or May 2022, enter the Comptroller’s estimate of taxable sales for
the previous four quarters. 32 Estimates of taxable sales may be obtained through the Comptroller’s Allocation Historical Summary webpage.
Taxing units that adopted the sales tax before November 2021, enter 0.$ _____________
52.Estimated sales tax revenue. Counties exclude any amount that is or will be spent for economic development grants from the amount of esti-
mated sales tax revenue. 33
$ _____________
53.2022 total taxable value. Enter the amount from Line 21 of the No-New-Revenue Tax Rate Worksheet.$ _____________
54.Sales tax adjustment rate. Divide Line 52 by Line 53 and multiply by $100.$ __________/$100
55.2022 NNR tax rate, unadjusted for sales tax.35 Enter the rate from Line 26 or 27, as applicable, on the No-New-Revenue Tax Rate Worksheet.$ __________/$100
56.2022 NNR tax rate, adjusted for sales tax.
Taxing units that adopted the sales tax in November 2021 or in May 2022. Subtract Line 54 from Line 55. Skip to Line 57 if
you adopted the additional sales tax before November 2021.$ __________/$100
57.2022 voter-approval tax rate, unadjusted for sales tax.36 Enter the rate from Line 49, Line D49 (disaster) or Line 50 (counties) as applicable,
of the Voter-Approval Tax Rate Worksheet.$ __________/$100
58.2022 voter-approval tax rate, adjusted for sales tax. Subtract Line 54 from Line 57.$ __________/$100
Line Voter-Approval Rate Adjustment for Pollution Control Requirements Worksheet Amount/Rate
59.Certified expenses from the Texas Commission on Environmental Quality (TCEQ). Enter the amount certified in the determination letter
from TCEQ. 37 The taxing unit shall provide its tax assessor-collector with a copy of the letter. 38 $ _____________
60.2022 total taxable value. Enter the amount from Line 21 of the No-New-Revenue Tax Rate Worksheet.$ _____________
61.Additional rate for pollution control. Divide Line 59 by Line 60 and multiply by $100.$ __________/$100
62.2022 voter-approval tax rate, adjusted for pollution control. Add Line 61 to one of the following lines (as applicable): Line 49, Line
D49 (disaster), Line 50 (counties) or Line 58 (taxing units with the additional sales tax).$ __________/$100
SECTION 3: NNR Tax Rate and Voter-Approval Tax Rate Adjustments for Additional Sales Tax to Reduce Property Taxes
Cities, counties and hospital districts may levy a sales tax specifically to reduce property taxes. Local voters by election must approve imposing or abolishing the additional sales
tax. If approved, the taxing unit must reduce its NNR and voter-approval tax rates to offset the expected sales tax revenue.
This section should only be completed by a county, city or hospital district that is required to adjust its NNR tax rate and/or voter-approval tax rate because it adopted the
additional sales tax.
Taxing units that adopted the sales tax in November 2021 or in May 2022. Multiply the amount on Line 51 by the sales tax rate
(.01, .005 or .0025, as applicable) and multiply the result by .95. 34
- or -
Taxing units that adopted the sales tax before November 2021. Enter the sales tax revenue for the previous four quarters. Do not
multiply by .95.
SECTION 4: Voter-Approval Tax Rate Adjustment for Pollution Control
A taxing unit may raise its rate for M&O funds used to pay for a facility, device or method for the control of air, water or land pollution. This includes any land, structure, building,
installation, excavation, machinery, equipment or device that is used, constructed, acquired or installed wholly or partly to meet or exceed pollution control requirements. The
taxing unit’s expenses are those necessary to meet the requirements of a permit issued by the Texas Commission on Environmental Quality (TCEQ). The taxing unit must provide
the tax assessor with a copy of the TCEQ letter of determination that states the portion of the cost of the installation for pollution control.
This section should only be completed by a taxing unit that uses M&O funds to pay for a facility, device or method for the control of air, water or land pollution.
32 Tex. Tax Code § 26.041(d)
33 Tex. Tax Code § 26.041(i)
34 Tex. Tax Code § 26.041(d)
35 Tex. Tax Code § 26.04(c)
36 Tex. Tax Code § 26.04(c)
37 Tex. Tax Code § 26.045(d)
38 Tex. Tax Code § 26.045(i)
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 7
0.484175
0.484175
0
6,621,990,520
0
0.484175
0.000000
0
0
6,621,990,520
0
0.438227
0.438227
230
2022 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
SECTION 5: Voter-Approval Tax Rate Adjustment for Unused Increment Rate
Line Unused Increment Rate Worksheet Amount/Rate
63. 2021 unused increment rate. Subtract the 2021 actual tax rate and the 2021 unused increment rate from the 2021 voter-approval tax rate. If
the number is less than zero, enter zero.$ __________/$100
64.2020 unused increment rate. Subtract the 2020 actual tax rate and the 2020 unused increment rate from the 2020 voter-approval tax rate. If
the number is less than zero, enter zero. $ __________/$100
65.2019 unused increment rate. Subtract the 2019 actual tax rate and the 2019 unused increment rate from the 2019 voter-approval tax rate. If
the number is less than zero, enter zero. If the year is prior to 2020, enter zero.$ __________/$100
66.2022 unused increment rate. Add Lines 63, 64 and 65.$ __________/$100
67.2022 voter-approval tax rate, adjusted for unused increment rate. Add Line 66 to one of the following lines (as applicable): Line 49, Line
D49 (disaster), Line 50 (counties), Line 58 (taxing units with the additional sales tax) or Line 62 (taxing units with pollution control).$ __________/$100
Line De Minimis Rate Worksheet Amount/Rate
68. Adjusted 2022 NNR M&O tax rate. Enter the rate from Line 39 of the Voter-Approval Tax Rate Worksheet $ __________/$100
69.2022 total taxable value. Enter the amount on Line 21 of the No-New-Revenue Tax Rate Worksheet.$ _____________
70.Rate necessary to impose $500,000 in taxes. Divide $500,000 by Line 69 and multiply by $100.$ __________/$100
71.2022 debt rate. Enter the rate from Line 48 of the Voter-Approval Tax Rate Worksheet.$ __________/$100
72.De minimis rate. Add Lines 68, 70 and 71.$ __________/$100
The unused increment rate is the rate equal to the difference between the adopted tax rate and voter-approval tax rate before the unused increment rate for the prior three years. 39 In
a year where a taxing unit adopts a rate by applying any portion of the unused increment rate, the unused increment rate for that year would be zero.
The difference between the adopted tax rate and voter-approval tax rate is considered zero in the following scenarios:
• a tax year before 2020; 40
• a tax year in which the municipality is a defunding municipality, as defined by Tax Code Section 26.0501(a); 41 or
• after Jan. 1, 2022, a tax year in which the comptroller determines that the county implemented a budget reduction or reallocation described by Local Government
Code Section 120.002(a) without the required voter approval. 42
This section should only be completed by a taxing unit that does not meet the definition of a special taxing unit. 43
SECTION 6: De Minimis Rate
The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate, the rate that will raise $500,000, and the current debt rate for a taxing unit. 44
This section should only be completed by a taxing unit that is a municipality of less than 30,000 or a taxing unit that does not meet the definition of a special taxing unit. 45
SECTION 7: Voter-Approval Tax Rate Adjustment for Emergency Revenue Rate
In the tax year after the end of the disaster calculation time period detailed in Tax Code Section 26.042(a), a taxing unit that calculated its voter-approval tax rate in the manner
provided for a special taxing unit due to a disaster must calculate its emergency revenue rate and reduce its voter-approval tax rate for that year.46
Similarly, if a taxing unit adopted a tax rate that exceeded its voter-approval tax rate, calculated normally, without holding an election to respond to a disaster, as allowed by Tax
Code Section 26.042(d), in the prior year, it must also reduce its voter-approval tax rate for the current tax year. 47
This section will apply to a taxing unit other than a special taxing unit that:
• directed the designated officer or employee to calculate the voter-approval tax rate of the taxing unit in the manner provided for a special taxing unit in the prior year; and
• the current year is the first tax year in which the total taxable value of property taxable by the taxing unit as shown on the appraisal roll for the taxing unit submitted by the
assessor for the taxing unit to the governing body exceeds the total taxable value of property taxable by the taxing unit on January 1 of the tax year in which the disaster
occurred or the disaster occurred four years ago.
39 Tex. Tax Code § 26.013(a)
40 Tex. Tax Code § 26.013(c)
41 Tex. Tax Code §§ 26.0501(a) and (c)
42 Tex. Local Gov’t Code § 120.007(d), effective Jan. 1, 2022
43 Tex. Tax Code § 26.063(a)(1)
44 Tex. Tax Code § 26.012(8-a)
45 Tex. Tax Code § 26.063(a)(1)
46 Tex. Tax Code §26.042(b)
47 Tex. Tax Code §26.042(f)
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 8
0.029436
0.013725
0
0.043161
0.527336
0.293725
6,621,990,520
0.007550
0.180170
0.000000
231
2022 Tax Rate Calculation Worksheet – Taxing Units Other Than School Districts or Water Districts Form 50-856
This section will apply to a taxing unit in a disaster area that adopted a tax rate greater than its voter-approval tax rate without holding an election in the prior year.
Note: This section does not apply if a taxing unit is continuing to calculate its voter-approval tax rate in the manner provided for a special taxing unit because it is still within
the disaster calculation time period detailed in Tax Code Section 26.042(a) because it has not met the conditions in Tax Code Section 26.042(a)(1) or (2).
Line Emergency Revenue Rate Worksheet Amount/Rate
73.2021 adopted tax rate. Enter the rate in Line 4 of the No-New-Revenue Tax Rate Worksheet.$ __________/$100
75.Increase in 2021 tax rate due to disaster. Subtract Line 74 from Line 73.$ __________/$100
76.Adjusted 2021 taxable value. Enter the amount in Line 14 of the No-New-Revenue Tax Rate Worksheet.$ _____________
77.Emergency revenue. Multiply Line 75 by Line 76 and divide by $100.$ _____________
78.Adjusted 2022 taxable value. Enter the amount in Line 25 of the No-New-Revenue Tax Rate Worksheet.$ _____________
79.Emergency revenue rate. Divide Line 77 by Line 78 and multiply by $100. 49 $ __________/$100
80.2022 voter-approval tax rate, adjusted for emergency revenue. Subtract Line 79 from one of the following lines (as applicable): Line 49,
Line D49 (disaster), Line 50 (counties), Line 58 (taxing units with the additional sales tax), Line 62 (taxing units with pollution control) or Line 67
(taxing units with the unused increment rate).$ __________/$100
74.
$ __________/$100
Adjusted 2021 voter-approval tax rate. Use the taxing unit’s Tax Rate Calculation Worksheets from the prior year(s) to complete this line.
If a disaster occurred in 2021 and the taxing unit calculated its 2021 voter-approval tax rate using a multiplier of 1.08 on Disaster Line 41
(D41) of the 2021 worksheet due to a disaster, enter the 2021 voter-approval tax rate as calculated using a multiplier of 1.035 from Line 49.
- or -
If a disaster occurred prior to 2021 for which the taxing unit continued to calculate its voter-approval tax rate using a multiplier of 1.08 on
Disaster Line 41 (D41) in 2021, complete the separate Adjusted Voter-Approval Tax Rate for Taxing Units in Disaster Area Calculation Worksheet to
recalculate the voter-approval tax rate the taxing unit would have calculated in 2021 if it had generated revenue based on an adopted tax rate
using a multiplier of 1.035 in the year(s) following the disaster. 48 Enter the final adjusted 2021 voter-approval tax rate from the worksheet.
- or -
If the taxing unit adopted a tax rate above the 2021 voter-approval tax rate without calculating a disaster tax rate or holding an election due
to a disaster, no recalculation is necessary. Enter the voter-approval tax rate from the prior year’s worksheet.
SECTION 8: Total Tax Rate
Indicate the applicable total tax rates as calculated above.
No-new-revenue tax rate. ................................................................................................................$ __________/$100
As applicable, enter the 2022 NNR tax rate from: Line 26, Line 27 (counties), or Line 56 (adjusted for sales
tax). Indicate the line number used: ______
Vot over-appr al tax rate ...................................................................................................................$ __________/$100
As applicable, enter the 2022 voter-approval tax rate from: Line 49, Line D49 (disaster), Line 50 (counties), Line 58 (adjusted for sales
tax), Line 62 (adjusted for pollution control), Line 67 (adjusted for unused increment), or Line 80 (adjusted for emergency revenue).
Indicate the line number used: ______
De minimis rate...........................................................................................................................$ __________/$100
If applicable, enter the 2022 de minimis rate from Line 72.
SECTION 9: Taxing Unit Representative Name and Signature
Enter the name of the person preparing the tax rate as authorized by the governing body of the taxing unit. By signing below, you certify that you are the designated officer or
employee of the taxing unit and have accurately calculated the tax rates using values that are the same as the values shown in the taxing unit’s certified appraisal roll or certified
estimate of taxable value, in accordance with requirements in Tax Code. 50
____________________________________________________________
Printed Name of Taxing Unit Representative
____________________________________________________________ ________________________________________
Taxing Unit Representative Date
48 Tex. Tax Code §26.042(c)
49 Tex. Tax Code §26.042(b)
50 Tex. Tax Code §§ 26.04(c-2) and (d-2)
For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 9
0.438227
0.527336
0.000000
0.510000
5,126,550,220
0
0.510000
26,145,406
6,022,954,452
0
0.527336
26
67
Jayna Dean
7/29/2022
232
Accounting System: The total structure of records and procedures which discover, record, classify, and report
information on the financial position and operations of a governmental unit or any of its funds, balanced
account groups, and organizational components. Sometimes referred to as Chart of Accounts and/or Account
Classification System.
Accounts Receivable: Amounts owing on open account from private persons, firms, or corporations for goods
and services furnished by a governmental unit (but not including amounts due from other funds of the same
governmental unit).
Accrual Basis: The basis of accounting under which revenues are recorded when earned and expenditures are
recorded as soon as they result in liabilities for benefits received, notwithstanding that the receipt of the
revenue or the payment of the expenditure may take place, in whole or in part, in another accounting period.
See also Accrue and Levy.
Accrue: To record revenues when earned and to record expenditures as soon as they result in liabilities for
benefits received, notwithstanding that the receipt of the revenue or payment of the expenditure may take
place, in whole or in part, in another accounting period. See also Accrual Basis, Accrued Expenses, and
Accrued Revenue.
Accrued Expenses: Expenses incurred during the current account period but which are not payable until a
subsequent accounting period. See also Accrual Basis and Accrue.
Accrued Interest on Investments Purchased: Interest accrued on investments between the last interest
payment date and the date of purchase. The account is carried as an asset until the first interest payment date
after date of purchase. At that time an entry is made debiting cash and crediting the Accrued Interest on
Investments Purchased account for the amount of interest purchased and an Interest Earnings account for the
balance.
Accrued Interest Payable: A liability account which represents the amount of interest accrued at the balance
sheet date but which is not due until a later date.
Accrued Revenue: Revenue earned during the current accounting period but which is not collected until a
subsequent accounting period. See also Accrual Basis and Accrue.
Activity: A specific and distinguishable line of work performed by one or more organizational components of a
governmental unit for the purpose of accomplishing a function for which the governmental unit is responsible.
For example, "Code Enforcement" is an activity performed in the discharge of the "Public Safety" function. See
also Function.
Activity Classification: A grouping of expenditures on the basis of specific lines of work performed by
organization units.
Ad Valorem: In proportion to value. A basis for levy of taxes upon property.
Allocate: To divide a lump‐sum appropriation into parts which are designated for expenditure by specific
organization units and/or for specific purposes, activities, or objects. See also Allocation.
Allocation: A part of a lump‐sum appropriation which is designated for expenditure by specific organization
units and/or for special purposes, activities, or objects. See also Allocate.
Glossary
233
Glossary
Allot: To divide an appropriation into amounts which may be encumbered or expended during an allotment
period. See also Allotment and Allotment Period.
Allotment: A part of an appropriation which may be encumbered or expended during an allotment period.
See also Allot and Allotment Period.
Allotment Period: A period of time less than one fiscal year in length during which an allotment is effective.
Bimonthly and quarterly allotment periods are most common. See also Allot and Allotment.
Appraisal: (1) The act of appraising. See Appraise. (2) The estimated value resulting from such action.
Appraise: To make an estimate of value, particularly of the value of property.
Note: If the property is valued for purposes of taxation, the less inclusive term "assess" is substituted for the
above term.
Appropriation: An authorization granted by a legislative body to make expenditures and to incur obligations
for specific purposes. An appropriation is limited in amount to the time it may be expended.
Arbitrage: The reinvestment of the proceeds of tax‐exempt securities in materially higher‐yielding taxable
securities.
Assess: To value property officially for the purpose of taxation.
Note: The term is also sometimes used to denote the levy of taxes, but such usage is not correct because it
fails to distinguish between the valuation process and the tax levy process.
Assessed Valuation: A valuation set upon real estate or other property by a government as a basis for levying
taxes.
Assessment: (1) The process of making the official valuation of property for purposes of taxation. (2) The
valuation placed upon property as a result of this process.
Assessment Roll: In the case of real property, the official list containing the legal description of each parcel of
property and its assessed valuation. The name and address of the last known owner are also usually shown.
In the case of personal property, the assessment roll is the official list containing the name and address of the
owner, a description of the personal property, and its assessed value.
Assets: Property owned by a governmental unit, which has a monetary value.
Audit: The examination of documents, records, reports, systems of internal control, accounting and financial
procedures, and other evidence for one or more of the following purposes:
(a) To ascertain whether the statements prepared from the accounts present fairly the financial posiƟon
and the results of financial operations of the constituent funds and balanced account groups of the
governmental unit in accordance with generally accepted accounting principals applicable to governmental
units and on a basis consistent with that of the preceding year.
(b) To determine the propriety, legality, and mathemaƟcal accuracy of a governmental unit's financial
transactions.
(c) To ascertain the stewardship of public officials who handle and are responsible for the financial
resources of a governmental unit.
Audit Report: The report prepared by an auditor covering the audit or investigation made by him or her. As a
rule, the report should include:
234
Glossary
(a) a statement of the scope of the audit;
(b) explanatory comments (if any) concerning excepƟons by the auditor as to applicaƟon of generally
accepted auditing standards;
(c) opinions;
(d) explanatory comments (if any) concerning verificaƟon procedures;
(e) financial statements and schedules; and
(f) someƟmes staƟsƟcal tables, supplementary comments, and recommendaƟons. The auditor's
signature follows item (c) or (d).
Balanced Budget: Annual financial plan in which expenses do not exceed revenues.
Balance Sheet: A statement which discloses the assets, liabilities, reserves, and equities of a fund or
governmental unit at a specified date, properly classified to exhibit financial position of the fund or unit at that
date.
Note: If a single balance sheet is prepared for several funds, it must be in columnar or sectional form so as to
exhibit the accounts of each fund and balanced account group, individually.
Bond: A written promise, generally under seal, to pay a specified sum of money, called the face value or
principal amount, at a fixed time in the future, called the date of maturity, and carrying interest at a fixed rate,
usually payable periodically.
Note: The difference between a note and a bond is that the latter usually runs for a longer period of time and
requires greater legal formality.
Bond Fund: A fund formerly used to account for the proceeds of general obligation bond issues. Such
proceeds are now accounted for in a Capital Projects Fund.
Bond Ordinance or Resolution: An ordinance or resolution authorizing a bond issue.
Bonded Debt: The portion of indebtedness represented by outstanding bonds.
Bonds Authorized and Un‐issued: Bonds which have been legally authorized but not issued and which can be
issued and sold without further authorization.
Note: This term should not be confused with the term "margin of borrowing power" or "legal debt margin,"
either one of which represents the difference between the legal debt limit of a governmental unit and the debt
outstanding against it.
Bonds Issued: Bonds sold.
Budget: A plan of financial operation embodying an estimate of proposed expenditures for a given period and
the proposed means of financing them. Used without any modifier, the term usually indicates a financial plan
for a single fiscal year.
Note: The term "budget" is used in two senses in practice. Sometimes it designates the financial plan
presented to the appropriating body for adoption and sometimes the plan finally approved by that body. It is
usually necessary to specify whether the budget under consideration is preliminary and tentative or whether it
has been approved by the appropriating body. See also Current Budget, Capital Budget, and Capital Program.
235
Glossary
Budget Document: The instrument used by the budget‐making authority to present a comprehensive financial
program to the appropriating body. The budget document usually consists of three parts. The first part
contains a message from the budget‐making authority, together with a summary of the proposed expenditures
and the means of financing them. The second part consists of schedules supporting the summary. These
schedules show in detail the information as to past years' actual revenues, expenditures, and other data used
in making the estimates. The third part is composed of drafts of the appropriation, revenue, and borrowing
measures necessary to put the budget into effect.
Budget Message: A general discussion of the proposed budget as presented in writing by the budget‐making
authority to the legislative body. The budget message should contain an explanation of the principal budget
items, an outline of the governmental unit's experience during the past period and its financial status at the
time of the message, and recommendations regarding the financial policy for the coming period.
Budgetary Accounts: Those accounts which reflect budgetary operations and condition, such as estimated
revenues, appropriations, and encumbrances, as distinguished from proprietary accounts. See also
Proprietary Accounts.
Budgetary Control: The control or management of a governmental unit or enterprise in accordance with an
approved budget for the purpose of keeping expenditures within the limitation of available appropriations and
available revenues.
Capital Budget: A plan of proposed capital outlays and the means of financing them for the current fiscal
period. It is usually a part of the current budget. If a Capital Program is in operation, it will be the first year
thereof. A Capital Program is sometimes referred to as a Capital Budget. See also Capital Program.
Capital Expenditures: See Capital Outlays.
Capital Improvement Program: See Capital Program.
Capital Outlays: Expenditures in excess of $5,000 which result in the acquisition of or addition to fixed assets.
Capital Program: A plan for capital expenditures to be incurred each year over a fixed period of years to meet
capital needs arising from the long‐term work program, or otherwise. It sets forth each project or other
contemplated expenditure in which the government is to have a part and specifies the full resources estimated
to be available to finance the projected expenditures.
Capital Projects Fund: A fund created to account for financial resources to be used for the acquisition or
construction of major capital facilities and/or designated fixed assets (other than those financed by special
assessment, trust, special revenue, and enterprise funds). See also Bond Fund.
Cash: Currency, coin, checks, postal and express money orders, and bankers' drafts, on hand or on deposit
with an official or agent designated as custodian of cash and bank deposits.
Cash Basis: The basis of accounting under which revenues are recorded when received in cash and
expenditures are recorded when paid.
Chart of Accounts: The classification system used to organize the accounting for various funds.
Clearing Account: An account used to accumulate total charges or credits for the purpose of distributing them
later among the accounts to which they are allocated or for the purpose of transferring the net differences to
the proper account.
236
Glossary
Coding: A system of numbering or otherwise designating accounts, entries, invoices, vouchers, etc., in such a
manner that the symbol used quickly reveals certain required information. See also Symbolization.
Combination Bond: A bond issued by a governmental unit which is payable from the revenues of a
governmental enterprise, but which is also backed by the full faith and credit of the governmental unit.
Combined Balance Sheet: A single balance sheet which displays the individual balance sheets of each class of
funds and the balanced account groups of a governmental unit in separate, adjacent columns.
Note: There are no interfund elimination or consolidations in a combined balance sheet for a governmental
unit.
Contingent Fund: Assets or other resources set aside to provide for unforeseen expenditures or for anticipated
expenditures of uncertain amounts.
Note: The term should not be used to describe a reserve for contingencies. The latter is set aside out of the
fund balance of a fund but does not constitute a separate fund. Similarly, an appropriation is not a fund.
Coverage: See Net Revenue Available for Debt Service.
Current: A term which, when applied to budgeting and accounting, designates the operations of the present
fiscal period as opposed to past or future periods.
Current Budget: The annual budget prepared for and effective during the present fiscal year; or, in the case of
some state governments, the budget for the present biennium.
Current Funds: Funds the resources of which are expended for operating purposes during the current fiscal
period. In its usual application in plural form, it refers to General, Special Revenue, Debt Service, and
Enterprise Funds of a governmental unit. In the singular form, the current fund is synonymous with the
general fund. See also General Fund.
Current Liabilities: Liabilities which are payable within a relatively short period of time, usually no longer than
a year.
Current Revenue: Revenues of a governmental unit that are available to meet expenditures of the current
fiscal year. See Revenue.
Current Taxes: (1) Taxes levied and becoming due during the current fiscal period, from the time the amount
of the tax levy is first established to the date on which a penalty for nonpayment is attached. (2) Taxes levied
in the preceding fiscal period but becoming due in the current fiscal period, from the time they become due
until a penalty for nonpayment is attached.
Current Year's Tax Levy: Taxes levied for the current fiscal period.
Data Processing: (1) The preparation and handling of information and data from source media through
prescribed procedures to obtain such end results as classification, problem solution, summarization, and
reports. (2) Preparation and handling of financial information wholly or partially by mechanical or electronic
means. See also Electronic Data Processing (EDP).
Debt: An obligation resulting from the borrowing of money or from the purchase of goods and services. Debts
of governmental units include bonds, time warrants, notes, and floating debt. See also Bond, Notes Payable,
Long‐Term Debt, and General Long‐Term Debt.
237
Glossary
Debt Limit: The maximum amount of gross or net debt that is legally permitted.
Debt Service Fund: A fund established to finance and account for the payment of interest and principal on all
general obligation debt, serial and term, other than that payable exclusively from special assessments and
revenue debt issued for and serviced by a governmental enterprise. Formally called a Sinking Fund.
Debt Service Fund Requirements: The amounts of revenue which must be provided for a debt service fund so
that all principal and interest payments can be made in full on schedule.
Deficit: (1) The excess of the liabilities and reserves of a fund over its assets. (2) The excess of expenditures
over revenues during an accounting period; or, in the case of Enterprise and Intragovernmental Service Funds,
the excess of expense over income during an accounting period.
Delinquent Taxes: Taxes remaining unpaid on and after the date on which a penalty for nonpayment is
attached. Even though the penalty may be subsequently waived and a portion of the taxes may be abated or
canceled, the unpaid balances continue to be delinquent taxes until abated, canceled, paid, or converted into
tax liens.
Note: The term is sometimes limited to taxes levied for the fiscal period or periods preceding the current one,
but such usage is not entirely correct. See also Current Taxes, Current Year's Tax Levy, and Prior Years' Tax
Levies.
Deposit: (1) Money placed with a banking or other institution, or with a person either as a general deposit
subject to check or as a special deposit made for some specified purpose. (2) Securities lodged with a banking
or other institution or with a person for some particular purpose. (3) Sums deposited by customers for electric
meters, water meters, etc., and by contractors and others to accompany and guarantee their bids.
Depreciation: (1) Expiration of the service life of fixed assets, other than wasting assets, attributable to wear
and tear through use and lapse of time, obsolescence, inadequacy, or other physical elements for functional
causes. (2) The portion of the cost of a fixed asset charged as an expense during a particular period.
Note: The cost of a fixed asset is prorated over the estimated service life of such asset and each period is
charged with part of such cost so that ultimately the entire cost of the asset is charged off as an expense. In
governmental accounting, depreciation may be recorded in proprietary funds and trust funds where expenses,
net income, and/or capital maintenance are measured.
Direct Debt: The debt that a governmental unit has incurred in its own name, or assumed through the
annexation of territory or consolidation with another governmental unit. See also Overlapping Debt.
Direct Expense: Those expenses which can be charged directly as a part of the cost of a product or service, or
of a department or operating unit, as distinguished from overhead and other indirect costs which must be
prorated among several products or services, departments, or operating units.
Due to Fiscal Agent: Amounts due to fiscal agents, such as commercial banks, for servicing a governmental
unit's maturing interest and principal payments on indebtedness.
Effective Interest Rate: The rate of earning on a bond investment based on the actual price paid for the bond,
the coupon rate, the maturity date, and the length of time between interest dates, in contrast with the nominal
interest rate.
Electronic Data Processing (EDP): Data processing by means of high‐speed electronic equipment. See also
Data Processing.
238
Glossary
Encumbrances: Obligations in the form of purchase orders, contracts, or salary commitments which are
chargeable to an appropriation and for which a part of the appropriation is reserved. They cease to be
encumbrances when paid or when the actual liability is set up.
Enterprise Debt: Debt that is to be retired primarily from the earnings of publicly owned and operated
enterprises. See also Revenue Bonds.
Enterprise Fund: A fund established to finance and account for the acquisition, operation, and maintenance of
governmental facilities and services that are entirely or predominantly self‐supporting by user charges.
Examples of enterprise funds are those for water, gas, and electric utilities, swimming pools, airports, parking
garages, and transit systems.
Equipment: Tangible property of a more or less permanent nature (other than land, buildings, or
improvements other than buildings) which is useful in carrying on operations. Examples are machinery, tools,
trucks, cars, furniture, and furnishings.
Estimated Revenue: For revenue accounts kept on an accrual basis, this term designates the amount of
revenue estimated to accrue during a given period regardless of whether or not it is all to be collected during
the period. For revenue accounts kept on a cash basis, the term designates the amount of revenue estimated
to be collected during a given period. Under the modified accrual basis recommended for some funds by the
Governmental Accounting Standards Board, estimated revenues include both cash and accrual basis revenues.
See also Cash Basis, Accrual Basis, and Modified Accrual Basis.
Expenditures: Where the accounts are kept on the accrual basis or the modified accrual basis, this term
designates the cost of goods delivered or services rendered, whether paid or unpaid, including expenses,
provision for debt retirement not reported as a liability of the fund from which retired, and capital outlays.
Where the accounts are kept on the cash basis, the term designates only actual cash disbursements for these
purposes.
Note: Encumbrances are not expenditures.
Expenses: Charges incurred, whether paid or unpaid, for operation, maintenance, interest, and other charges
which are presumed to benefit the current fiscal period.
Note: Legal provisions sometimes make it necessary to treat charges whose benefits extend over future
periods as expenses. For example, purchase of materials and supplies which may be used over a period of
more than one year and payments for insurance which is to be in force for a period longer than one year
frequently must be charged in their entirety to the appropriation of the year in which they are incurred and
classified as expenses of that year, even though their benefits extend also to other periods.
Fiduciary Fund Types: The trust and agency funds used to account for assets held by a government unit in a
trustee capacity or as an agent for individuals, private organizations, other government units and/or other
funds.
Fiscal Period: Any period at the end of which a governmental unit determines its financial position and the
results of its operations.
Fiscal Year: A twelve‐month period of time to which the annual budget applies and at the end of which a
governmental unit determines its financial position and the results of its operations.
Fixed Assets: Assets of a long‐term character which are intended to continue to be held or used, such as land,
buildings, machinery, furniture, and other equipment.
Note: The term does not indicate the immobility of an asset, which is the distinctive character of "fixture."
239
Glossary
Fixed Charges: Expenses (the amount of which is set by agreement). Examples are interest, insurance, and
contributions to pension funds.
Fixtures: Attachments to buildings that are not intended to be removed and which cannot be removed
without damage to the latter.
Note: Those fixtures with a useful life presumed to be as long as that of the building itself, are considered a
part of such building; all others are classified as equipment.
Force Account Method: A method employed in the construction and/or maintenance of fixed assets whereby
a governmental unit's own personnel are used instead of an outside contractor.
Note: This method also calls for the purchase of materials by the governmental unit and the possible use of its
own equipment, but the distinguishing characteristic of the force account method is the use of the unit's own
personnel.
Franchise: A special privilege granted by a government permitting the continuing use of public property, such
as city streets, and usually involving the elements of monopoly and regulation.
FTE (Full‐Time Equivalent): A term used when developing personal services budgets; 2,080 hours worked
annually equates to 1.0 full‐time equivalent (FTE) position.
Full Faith and Credit: A pledge of the general taxing power for the payment of debt obligations.
Note: Bonds carrying such pledges are usually referred to as general obligation bonds or full faith and credit
bonds.
Function: A group of related activities aimed at accomplishing a major service or regulatory program for which
the Town is responsible. For example, public safety is a function.
Functional Classification: A grouping of expenditures on the basis of the principal purposes for which they are
made. Examples are public safety, public health, public welfare, etc. See also Activity Classification and Object
Classification.
Fund: An independent fiscal and accounting entity with a self‐balancing set of accounts recording cash and/or
other resources, together with all related liabilities, obligations, reserves, and equities which are segregated for
the purpose of carrying on specific activities or attaining certain objectives in accordance with special
regulations, restrictions, or limitations.
Fund Accounts: All accounts necessary to set forth the financial operations and financial condition of a fund.
Note: Sometimes the term is used to denote budgetary accounts as distinguished from proprietary accounts,
but such usage is not recommended.
Fund Balance: The excess of the assets of a fund over its liabilities and reserves, except in the case of funds
subject to budgetary accounting where, prior to the end of a fiscal period, it represents the excess of the fund's
assets and estimated revenues for the period over its liabilities, reserves, and appropriations for the period.
Fund Balance Sheet: A balance sheet for a single fund. See Fund and Balance Sheet.
Fund Group: A group of funds that are similar in purpose and character. For example, several special revenue
funds constitute a fund group.
Funding: The conversion of floating debt or time warrants into bonded debt.
Funding Bonds: Bonds issued to retire outstanding floating debt and to eliminate deficits.
240
Glossary
General Audit: An audit made at the close of a normal accounting period, which covers all of the funds and
balanced account groups of a governmental unit. Such audits may involve some detailed verification, as
determined by the professional judgment of the auditor, but usually they are based on appropriate tests and
checks. See also Special Audit.
General Fixed Assets: Those fixed assets of a governmental unit that are not accounted for in Enterprise, Trust,
or Intragovernmental Service Funds.
General Fixed Assets Group of Accounts: A self‐balancing group of accounts set up to account for the general
fixed assets of a governmental unit. See General Fixed Assets.
General Fund: A fund used to account for all transactions of a governmental unit that are not accounted for in
another fund.
Note: The General Fund is used to account for the ordinary operations of a governmental unit that are
financed from taxes and other general revenues.
General Long‐Term Debt: Long‐term debt legally payable from general revenues and backed by the full faith
and credit of a governmental unit. See Long‐Term Debt.
General Obligation Bonds: Bonds for whose payment the full faith and credit of the issuing body are pledged.
More commonly, but not necessarily, general obligation bonds are considered to be those payable from taxes
and other general revenues. See also Full Faith and Credit.
General Revenue: The revenues of a governmental unit other than those derived from and retained in an
enterprise.
Note: If a portion of the net income in an enterprise fund is contributed to another non‐enterprise fund, such
as the General Fund, the amounts transferred constitute general revenue of the governmental unit.
Goal: A statement of broad direction, purpose or intent based on the need of the community. A goal is
general and timeless; that is, it is not concerned with a specific achievement in a given period.
Governmental Accounting: The composite activity of analyzing, recording, summarizing, reporting, and
interpreting the financial transactions of governmental units and agencies.
Governmental Fund Types: Funds used to account for the acquisition, use and balances of expendable
financial resources and the related current liabilities ‐ except those accounted for in proprietary funds and
fiduciary funds. In essence, these funds are accounting segregations of financial resources. Expendable assets
are assigned to a particular governmental fund type according to the purposes for which they may or must be
used. Current liabilities are assigned to the fund type from which they are to be paid. The difference between
the assets and liabilities of governmental fund types is referred to as fund balance. The measurement focus in
these fund types is on the determination of financial position and changes in financial position (sources, uses
and balances of financial resources), rather than on net income determination. The statement of revenues,
expenditures and changes in fund balance is the primary governmental fund type operating statement. It may
be supported or supplemented by more detailed schedules of revenues, expenditures, transfers and other
changes in fund balance.
Grant: A contribution by one governmental unit to another. The contribution is usually made to aid in the
support of a specified function (for example, public safety), but it is sometimes also for general purposes.
Gross Bonded Debt: The total amount of direct debt of a governmental unit represented by outstanding
bonds before deduction of any assets available and earmarked for their retirement. See also Direct Debt.
241
Glossary
Improvements: Buildings, other structures, and other attachments or annexations to land which are intended
to remain so aƩached or annexed, such as sidewalks, trees, drives, tunnels, drains, and sewers.
Note: Sidewalks, curbing, sewers, and highways are sometimes referred to as "betterments," but the term
improvements other than buildings is preferred.
Improvements Other Than Buildings: A fixed asset account that reflects the acquisition value of permanent
improvements, other than buildings, which add value to land. Examples of such improvements are fences,
retaining walls, sidewalks, pavements, gutters, tunnels, and bridges. If the improvements are purchased or
constructed, this account contains the purchase or contract price. If improvements are obtained by gift, it
reflects the appraised value at time of acquisition.
Income: A term used in accounting for governmental enterprises to represent the excess of revenues earned
over the expenses incurred in carrying on the enterprise's operations. It should not be used without an
appropriate modifier, such as Operating, Non‐operating, or Net.
Note: The term Income should not be used in lieu of Revenue in non‐enterprise funds.
Interfund Accounts: Accounts in which transactions between funds are reflected. See Interfund Transfers.
Interfund Transfers: Amounts transferred from one fund to another.
Intergovernmental Revenues: Revenue received from other governments in the form of grants, shared
revenues, or payments in lieu of taxes.
Interim Borrowing: (1) Short‐term loans to be repaid from general revenues during the course of a fiscal year.
(2) Short‐term loans in anticipation of tax collections or bond issuance.
Internal Control: A plan of organization under which employees' duties are so arranged and records and
procedures so designed as to make it possible to exercise effective accounting control over assets, liabilities,
revenues, and expenditures. Under such a system, the work of employees is subdivided so that no single
employee performs a complete cycle of operations. Thus, for example, an employee handling cash would not
post the accounts receivable records. Moreover, under such a system, the procedures to be followed are
definitely laid down and require proper authorizations by designated officials for all actions to be taken.
Internal Service Fund: A fund established to finance and account for services and commodities furnished by a
designated department or agency to other departments and agencies within a single governmental unit.
Amounts expended by the fund are restored thereto either from operating earnings or by transfers from other
funds, so that the original fund is kept intact.
Inventory: A detailed list showing quantities, descriptions, and values of property, and frequently also lists
units of measure and unit prices.
Inventory of Supplies: The cost value of supplies on hand.
Investments: Securities and real estate held for the production of income in the form of interest, dividends,
rentals, or lease payments. The term does not include fixed assets used in Town operations.
Judgment: An amount to be paid or collected by a governmental unit as the result of a court decision,
including a condemnation award in payment for private property taken for public use.
Judgments Payable: Amounts due to be paid by a governmental unit as the result of court decisions, including
condemnation awards in payment for private property taken for public use.
242
Glossary
Land: A fixed asset account that reflects the value of land owned by a governmental unit. If land is purchased,
this account shows the purchase price and costs such as legal fees, filling and excavation costs, and the like,
which are incurred to put the land in condition for its intended use. If land is acquired by gift, the account
reflects the estimated fair value at the time of acquisition.
Legal Investments: Investments which governmental units are permitted to make by law.
Levy: (Verb) To impose taxes, special assessments, or service charges for the support of governmental
activities. (Noun) The total amount of taxes, special assessments, or service charges imposed by a
governmental unit.
Liabilities: Debt or other legal obligations arising out of transactions in the past which must be liquidated,
renewed, or refunded at some future date.
Note: The term does not include encumbrances.
Long‐Term Debt: Debt with a maturity of more than one year after the date of issuance.
Machinery and Equipment: See Equipment.
Maintenance: The upkeep of physical properties in condition for use or occupancy. Examples are the
inspection of equipment to detect defects and the making of repairs.
Major Fund: Funds that the revenues, expenses, assets or liabilities are greater than 10% of corresponding
totals and at least 5% of the aggregate amount for all governmental and enterprise funds.
Modified Accrual Basis: A system under which some accruals, usually costs, are recorded but others, usually
revenues, are not. The extent of modification varies in practice, depending upon the accountant's judgment.
Municipal: In its broadest sense, an adjective that denotes the state and all subordinate units of government.
In a more restricted sense, an adjective that denotes a city or town, as opposed to other units of local
government.
Municipal Bond: A bond issued by a state or local government unit.
Municipal Corporation: A body politic and corporate established pursuant to state authorization for the
purpose of providing governmental services and regulations for its inhabitants. A municipal corporation has
defined boundaries and a population, and is usually organized with the consent of its residents. It usually has
a seal and may sue and be sued.
Net Bonded Debt: Gross bonded debt less any cash or other assets available and earmarked for its retirement.
Net Income: A term used in accounting for governmental enterprises to designate the excess of total revenues
over total expenses for an accounting period. See also Income, Operating Revenues, Operating Expenses,
Non‐operating Income, and Non‐operating Expenses.
Net Revenue Available for Debt Service: Gross operating revenues of an enterprise, less operating and
maintenance expenses, yet exclusive of depreciation and bond interest. "Net Revenue" as thus defined
computes "coverage" on revenue bond issues.
Note: Under the laws of some states and the provisions of some revenue bond indentures, net revenues used
for computation of coverage are required to be on a cash basis rather than an accrual basis.
Nominal Interest Rate: The contractual interest rate shown on the face and in the body of a bond and
representing the amount of interest to be paid, in contrast to the effective interest rate.
243
Glossary
Non‐major Fund: Funds that the revenues, expenses, assets or liabilities are less than 10% of corresponding
totals and at less than 5% of the aggregate amount for all governmental and enterprise funds.
Non‐operating Expenses: Expenses incurred for non‐operating properties or in the performance of activities
not directly related to supplying the basic services of a governmental enterprise. An example of a non‐
operating expense is interest paid on outstanding revenue bonds. See also Non‐operating Properties.
Non‐operating Income: Income of governmental enterprises that is not derived from the basic operations of
such enterprises. An example is interest on investments or on bank time deposits.
Non‐operating Properties: Properties that are owned by a governmental enterprise but which are not used in
the provision of basic services for which the enterprise exists.
Notes Payable: In general, an unconditional written promise signed by the maker to pay a certain sum of
money on demand or at a fixed or determinable time either to the bearer or to the order of a person
designated therein.
Notes Receivable: A note payable held by a governmental unit.
Object: As used in expenditure classification, this term applies to the article purchased or the service obtained
(as distinguished from the results obtained from expenditures). Examples are personal services, contractual
services, materials, and supplies. See also Activity Classification, Functional Classification, and Object
Classification.
Objective: Desired output oriented accomplishments that can be measured and achieved within a given time
frame. Achievement of the objective advances the activity and organization toward a corresponding goal.
Object Classification: A grouping of expenditures on the basis of goods or services purchased; for example,
personal services, materials, supplies and equipment. See also Functional Classification and Activity
Classification.
Obligations: Amounts that a governmental unit may be required legally to meet out of its resources. They
include not only actual liabilities, but also unliquidated encumbrances.
Obsolescence: The decrease in the value of fixed assets resulting from economic, social, technological, or legal
changes.
Operating Budget: Operating budgets serve many purposes within a government entity, but they have two
primary purposes: (1) to plan the services that are going to be offered during the coming year and set
priorities; (2) to conform with legal requirements to ensure that expenditures do not exceed those
appropriated. Operating budgets are also called Annual Budgets. See Budget.
Operating Expenses: (1) As used in the accounts of governmental enterprises, the term means those costs
which are necessary to the maintenance of the enterprise, the rendering of services, the sale of merchandise,
the production and disposition of commodities produced, and the collection of enterprise revenues, and (2)
the term is also sometimes used to describe expenses for general governmental purposes.
Operating Income: Income of a governmental enterprise that is derived from the sale of its goods and/or
services. For example, income from the sale of water by a municipal water utility is operating income. See also
Operating Revenues.
Operating Revenues: Revenues derived from the operation of governmental enterprises of a business
character.
244
Glossary
Operating Statement: A statement summarizing the financial operations of a governmental unit for an
accounting period as contrasted with a balance sheet which shows financial position at a given moment in
time.
Ordinance: A formal legislative enactment by the council or governing body of a municipality. If it is not in
conflict with any higher form of law, such as a state statute or constitutional provision, it has the full force and
effect of law within the boundaries of the municipality to which it applies.
Note: The difference between an ordinance and a resolution is that the latter requires less legal formality and
has a lower legal status. Ordinarily, the statutes or charter will specify or imply those legislative actions that
must be by ordinance and those which may be by resolution. Revenue raising measures, such as the
imposition of taxes, special assessments and service charges, universally require ordinances.
Original Cost: The total of assets given and/or liabilities assumed to acquire an asset. In utility accounting, the
original cost to the first owner who dedicated the plant to service of the public.
Overhead: Those elements of cost necessary in the production of an article or the performance of a service
which are of such a nature that the amount applicable to the product or service cannot be determined
accurately or readily. Usually they relate to those objects of expenditures which do not become an integral
part of the finished product or service such as rent, heat, light, supplies, management, supervision, etc.
Overlapping Debt: The proportionate share of the debts of local governmental units located wholly or in part
within the limits of the reporting government which must be borne by property within each governmental unit.
Note: Except for special assessment debt, the amount of debt of each unit applicable to the reporting unit is
arrived at by (1) determining what percentage of the total assessed value of the overlapping jurisdiction lies
within the limits of the reporting unit, and (2) applying this percentage to the total debt of the overlapping
jurisdiction. Special assessment debt is allocated on the basis of the ratio of assessments receivable in each
jurisdiction, which will be used wholly or in part to pay off the debt to total assessments receivable, which will
be used wholly or in part for this purpose.
Pay‐As‐You‐Go: A method of financing improvements that refers to the allocation of a significant portion of
operating revenues each year to a revenue fund. The monies in this fund are to be used for annual
improvements or saved until they are sufficient for large projects. A regular allocation made from the
operating budget to smooth budget allocations for expenditures and eliminate the need for bond financing.
Sometimes referred to as pay‐as‐you‐acquire financing.
Pay‐As‐You‐Use: A method of financing long‐term improvements by serial debt issues with maturities
arranged so that the retirement of debt coincides with the depreciation or useful life of the improvement. In
theory, the interest and debt retirement charges paid by each generation of taxpayers or users coincide with
their use and enjoyment of the improvement. Under pay‐as‐you‐use, each user group pays for its own
improvements. No one is forced to provide free goods or services for a future generation or to contribute
toward facilities for a community in which he or she will not live, nor will new members of the community
derive benefits from improvements that they have not assisted in financing.
Prior Years' Tax Levies: Taxes levied for fiscal periods preceding the current one.
Private Trust Fund: A trust fund that will ordinarily revert to private individuals or will be used for private
purposes; for example, a fund that consists of guarantee deposits.
Program: A group of related activities performed by one or more organization units for the purpose of
accomplishing a function for which the town is responsible.
Project: A plan of work, job, assignment, or task.
245
Glossary
Proprietary Accounts: Those accounts which show actual financial position and operations, such as actual
assets, liabilities, reserves, fund balances, revenues, and expenditures, as distinguished from budgetary
accounts.
Proprietary Fund Types: Sometimes referred to as income determination or commercial‐type funds, the
classification used to account for a government's ongoing organizations and activities that are similar to those
often found in the private sector (i.e., enterprise and internal service funds). All assets, liabilities, equities,
revenues, expenses, and transfers relating to the government's business and quasi‐business activities are
accounted for through proprietary funds. The GAAP used are generally those applicable to similar businesses
in the private sector and the measurement focus is on determination of net income, financial position and
changes in financial position.
Public Trust Fund: A trust fund whose principal, earnings, or both, must be used for a public purpose; for
example, a pension or retirement fund.
Purchase Order: A document that authorizes the delivery of specified merchandise or the rendering of certain
services and the making of a charge for them.
Special Purpose District: allows for a dedicated sales tax resource.
Rate Base: The value of utility property used in computing an authorized rate of return as authorized by law or
a regulatory commission.
Receipts: This term, unless otherwise qualified, means cash received. See also Revenue.
Recoverable Expenditures: An expenditure made for or on behalf of another governmental unit, fund, or
department, or for a private individual, firm, or corporation, which will subsequently be recovered in cash or
its equivalent.
Refunding Bonds: Bonds issued to retire bonds already outstanding. The refunding bonds may be sold for
cash and outstanding bonds redeemed in cash, or the refunding bonds may be exchanged with holders of
outstanding bonds.
Registered Bond: A bond, the owner of which is registered with the issuing governmental unit, and which
cannot be sold or exchanged without a change of registration. Such a bond may be registered as to principal
and interest or as to principal only.
Reimbursement: Cash or other assets received as a repayment of the cost of work or services performed or of
other expenditures made for or on behalf of another governmental unit or department or for an individual,
firm, or corporation.
Replacement Cost: The cost as of a certain date of a property which can render similar service (but need not
be of the same structural form) as the property to be replaced. See also Reproduction Cost.
Reproduction Cost: The cost as of a certain date of reproducing an exact new property in the same place.
Note: Sometimes this term is designated as "reproduction cost new" to distinguish it from "depreciated
reproduction cost," which is the reproduction cost of a given property less the estimated amount of
accumulated depreciation applicable to it. In the absence of any modifier, however, the term "reproduction
cost" is understood to be synonymous with "reproduction cost new." See also Replacement Cost.
Requisition: A written demand or request, usually from one department to the purchasing officer or to
another department, for specified articles or services.
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Glossary
Reserve: An account which records a portion of the fund balance which must be segregated for some future
use and which is, therefore, not available for further appropriation or expenditure. A Reserve for Inventories
equal in amount to the Inventory of Supplies on the balance sheet of a General Fund is an example of such a
reserve.
Reserve for Revenue Bond Debt Service: A reserve in an Enterprise Fund which represents the segregation of a
portion of retained earnings equal to current assets that are restricted to current servicing of revenue bonds in
accordance with the terms of a bond indenture.
Reserve for Revenue Bond Retirement: A reserve in an Enterprise Fund which represents the segregation of a
portion of retained earnings equal to current assets that are restricted for future servicing of revenue bonds in
accordance with the terms of a bond indenture.
Resolution: A special or temporary order of a legislative body; an order of a legislative body requiring less legal
formality than an order or statute. See also Ordinance.
Resources: The actual assets of a governmental unit, such as cash, taxes receivable, land, buildings, etc., plus
contingent assets such as estimated revenues applying to the current fiscal year not accrued or collected, and
bonds authorized and unissued.
Retained Earnings: The accumulated earnings of an Enterprise or Internal Service Fund which have been
retained in the fund and which are not reserved for any specific purpose.
Retirement Fund: A fund out of which retirement annuities and/or other benefits are paid to authorized and
designated public employees. A retirement fund is accounted for as a Trust Fund.
Revenue: For those revenues which are recorded on the accrual basis, this term designates additions to assets
which: (a) do not increase any liability; (b) do not represent the recovery of an expenditure; (c) do not
represent the cancellation of certain liabilities without a corresponding increase in other liabilities or a
decrease in assets; and (d) do not represent contributions of fund in Enterprise and Internal Service Funds.
The same definition applies to those cases where revenues are recorded on the modified accrual or cash basis,
except that additions would be partially or entirely to cash. See also Accrual Basis, Modified Accrual Basis,
Cash Basis, Net Revenue Available for Debt Service, and Receipts.
Revenue Bonds: Bonds whose principal and interest are payable exclusively from earnings of a public
enterprise. In addition to a pledge of revenues, such bonds sometimes contain a mortgage on the enterprise's
property and are then known as mortgage revenue bonds.
Schedules: (1) The explanatory or supplementary statements that accompany the balance sheet or other
principal statements periodically prepared from the accounts. (2) The accountant's or auditor's principal work
papers covering his examination of the books and accounts. (3) A written enumeration or detailed list in
orderly form. See also Statements.
Securities: Bonds, notes, mortgages, or other forms of negotiable or non‐negotiable instruments. See also
Investments.
Self‐Supporting or Self‐Liquidating Debt: Debt obligations whose principal and interest are payable solely from
the earnings of the enterprise for the construction or improvement of which they were originally issued. See
also Revenue Bonds.
Serial Annuity Bonds: Serial bonds in which the annual installments of bond principal are so arranged that the
combined payments for principal and interest are approximately the same each year.
Serial Bonds: Bonds the principal of which is repaid in periodic installments over the life of the issue.
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Glossary
Shared Revenue: Revenue which is levied by one governmental unit but shared, usually in proportion to the
amount collected, with another unit of government or class of governments.
Short‐Term Debt: Debt with a maturity of one year or less after the date of issuance. Short‐term debt usually
includes floating debt, bond anticipation notes, tax anticipation notes, and interim warrants.
Special Assessment: A compulsory levy made by a local government against certain properties to defray part
or all of the cost of a specific improvement or service which is presumed to be of general benefit to the public
and of special benefit to such properties.
Note: The term should not be used without a modifier (for example, "special assessments for street paving,"
or "special assessments for street sprinkling") unless the intention is to have it cover both improvements and
services, or unless the particular use is apparent from the context.
Special Assessment Bonds: Bonds payable from the proceeds of special assessments. If the bonds are payable
only from the collections of special assessments, they are known as "special assessment bonds." If, in addition
to the assessments, the full faith and credit of the governmental unit are pledged, they are known as "general
obligation special assessment bonds."
Special Assessment Fund: A fund set up to finance and account for the construction of improvements or
provision of services which are to paid for, wholly or in part, from special assessments levied against benefited
property. See also Special Assessment and Special Assessment Bonds.
Special Assessment Roll: The official list showing the amount of special assessments levied against each
property presumed to be benefited by an improvement or service.
Special Audit: An audit which is limited to some particular phase of a governmental unit's activity, such as the
examination of a Projects Fund, or an audit which covers all of the governmental unit's activities for a shorter
or longer period of time than the usual accounting period of one fiscal year. Such audits may involve some
detailed verifications as determined by the professional judgment of the auditor, but usually they are based on
appropriate tests and checks. See General Audit.
Special District: An independent unit of local government organized to perform a single governmental function
or a restricted number of related functions. Special districts usually have the power to incur debt and levy
taxes; however, certain types of special districts are entirely dependent upon enterprise earnings and cannot
impose taxes. Examples of special districts are water districts, drainage districts, flood control districts,
hospital districts, fire protection districts, transit authorities, port authorities, and electric power authorities.
Special Fund: Any fund that must be devoted to some special use in accordance with specific regulations and
restrictions. Generally, the term applies to all funds other than the General Fund.
Special Revenue Fund: A fund used to account for revenues from specific taxes or other earmarked revenue
sources which by law are designated to finance particular functions or activities of government. Includes
intergovernmental revenue in the form of state and federal grant funds.
Statements: (1) Used in a general sense, statements are all of those formal written presentations that set forth
financial information. (2) In technical accounting usage, statements are those presentations of financial data
that show the financial position and the results of financial operations of a fund, a group of accounts, or an
entire governmental unit for a particular accounting period. See also Schedules.
Statute: A written law enacted by a duly organized and constituted legislative body. See also Ordinance and
Resolution.
Stores: Goods on hand in storerooms, subject to requisition and use.
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Glossary
Straight Serial Bonds: Serial Bonds in which the annual installments of a bond principal are approximately
equal.
Surety Bond: A written promise to pay damages or to indemnify against losses caused by the party or parties
named in the document, through nonperformance or through defalcation. An example is a surety bond given
by a contractor or by an official handling cash or securities.
Surplus: The excess of the assets of a fund over its liabilities, or if the fund has other resources and
obligations, the excess of resources over the obligations. The term should not be used without a properly
descriptive adjective unless its meaning is apparent from the context. See also Fund Balance, and Retained
Earnings.
Symbolization: The assignment of letters, numbers, or other marks or characters to the ordinary titles of the
ledger accounts. Each letter or number should have the same meaning wherever used and should be selected
with great care so that it will indicate, immediately and with certainty, the title of the account, as well as its
place in the classification. The use of proper symbols saves much time and space in making the book record
and adds to its precision and accuracy. See also Coding.
Tax Levy: The total amount to be raised by general property taxes for purposes specified in the Tax Levy
Ordinance.
Tax Levy Ordinance: An ordinance by means of which taxes are levied.
Tax Liens: Claims which governmental units have upon properties until taxes levied against them have been
paid.
Note: The term is sometimes limited to those delinquent taxes for the collection of which legal action has been
taken through the filing of liens.
Tax Rate: The amount of tax levied for each $100 of assessed valuation.
Tax Rate Limit: The maximum rate at which a governmental unit may levy a tax. The limit may apply to taxes
raised for a particular purpose, or to taxes imposed for all purposes; and may apply to a single government, to
a class of governments, or to all governmental units operating in a particular area. Overall, tax rate limits
usually restrict levies for all purposes and of all governments, state and local, having jurisdiction in a given
area.
Tax Roll: The official list showing the amount of taxes levied against each taxpayer or property. Frequently, the
tax roll and the assessment roll are combined, but even in these cases the two can be distinguished.
Tax Supplement: A tax levied by a local unit of government which has the same base as a similar tax levied by
a higher level of government, such as a state or province. The local tax supplement is frequently administered
by the higher level of government along with its own tax. A locally imposed, state‐administered sales tax is an
example of a tax supplement.
Taxes: Compulsory charges levied by a governmental unit for the purpose of financing services performed for
the common benefit.
Note: The term does not include specific charges made against particular persons or property for current or
permanent benefits such as special assessments. Neither does the term include charges for services rendered
only to those paying such charges as, for example, water and sewer charges.
Taxes Receivable‐Current: The uncollected portion of taxes that a governmental unit has levied, which has
become due but on which no penalty for nonpayment attaches.
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Glossary
Taxes Receivable‐Delinquent: Taxes remaining unpaid on and after the date on which a penalty for
nonpayment is attached. Even though the penalty may be subsequently waived and a portion of the taxes
may be abated or canceled, the unpaid balances continue to be delinquent taxes until paid, abated, canceled,
or converted into tax liens.
Term Bonds: Bonds that the entire principal of which matures on one date. Also called sinking fund bonds.
Trust and Agency Funds: Funds used to account for assets held by a government in a trustee capacity or as an
agent for individuals, private organizations, other governments and/or other funds.
Trust Fund: A fund consisting of resources received and held by the governmental unit as trustee, to be
expended or invested in accordance with the conditions of a trust. See also Private Trust Fund and Public
Trust Fund.
Unappropriated Budget Surplus: Where the fund balance at the close of the preceding year is not included in
the annual budget, this term designates that portion of the current fiscal year's estimated revenues which has
not been appropriated. Where the fund balance of the preceding year is included, this term designates the
estimated fund balance at the end of the current fiscal period.
User Charges: The payment of a fee for direct receipt of a public service by the party benefiting from the
service.
Utility Fund: See Enterprise Fund.
Work Program: A plan of work proposed to be done during a particular period by an administrative agency in
carrying out its assigned activities.
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The Town Budget truly takes teamwork and I trust more hands went
into this effort than are recognized here.
I’d like to thank those listed below who were instrumental in
preparation of the proposed budget.
Bob Scott, Administrative Services
Robyn Battle, Community Services
Chief Blasingame, Fire
Assistant Chief Eft, Fire
Chief Kowalski, Police
Assistant Chief Brewer, Police
Michelle Lewis Sirianni, Town
Secretary
Frank Jaromin, Public Works
Leigh Johnson, IT
Dan Baker, Parks
Leslie Scott, Library
Hulon Webb, Engineering
James Edwards, HR
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