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Budget - FY 2009-2010ISPOW N N ER. ORDINANCE NO. 09 -110 AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS ADOPTING A BUDGET AND APPROPRIATING RESOURCES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010, IN ACCORDANCE WITH EXISTING STATUTORY REQUIREMENTS; PROVIDING FOR REPEALING, SAVINGS AND SEVERABILITY CLAUSES; PROVIDING FOR AN EFFECTIVE DATE OF THIS ORDINANCE; AND PROVIDING FOR THE PUBLICATION OF THE CAPTION HEREOF. WHEREAS, pursuant to the laws of the State of Texas, the Town Manager of the Town of Prosper has submitted to the Mayor and Town Council a proposed budget of the revenues and appropriations for conducting the affairs of Prosper and providing a complete financial plan for Fiscal Year 2009 -2010: and has filed the same with the Town Secretary (the "budget "): and WHEREAS, following public notice duly posted and published as required by the law, two public hearings — the first on August 25, 2009 and the second on September 3, 2009 -were held by the Town Council at which time said budget was fully considered, and interested taxpayers were given the opportunity to be heard by the Town Council; and WHEREAS, the Town Council has studied the budget and listened to the comments of the taxpayers at the public hearing and has investigated and determined that adoption of the budget is in the best interest of the Town; and WHEREAS, the Town Council finds that all legal notices, hearings, procedures and publishing requirements for the adoption of the budget have been performed or completed in the manner and form set forth by law. NOW THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, COLLIN COUNTY, TEXAS: SECTION 1: Findin sg_ Incorporated. The findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2: Adoption of Budget. We the Mayor and Town Council for the Town of Prosper do hereby approve, ratify, and adopt for fiscal year beginning October 1, 2009 and ending September 30, 2010 the Budget as filed and submitted by the Town Manager and adjusted by Town Council, containing estimates of resources and revenues for the year from various sources, and the projects, operations, activities, and purchases proposed along with the costs thereof, and estimated amounts of all other proposed expenditures, is hereby approved and adopted. Page 1 of 2 SECTION 3: Appropriation of Funds. The sums below are hereby appropriated from the respective funds for the payment of expenditures on behalf of Prosper as established in the approved budget: General Fund $ 6,397,346 Water & Sewer Fund $ 5,544,752 Interest & Sinking Fund $ 2,081,335 Internal Service Fund $ 50,000 Storm Drainage Utility Fund $ 60,000 Parks and Recreation Fund $ 611,000 Impact Fees Fund $ 250,000 Special Revenue - Donation Fund $ 60,000 Capital Projects Fund $ 96,885 Economic Development Corporation $ 324,790 SECTION 4: Authority of Town Manager. Specific authority is hereby given to the Town Manager to transfer appropriations budgeted from one account classification or activity to another within any individual department or activity; and, to transfer appropriations from designated appropriations to any individual department or activity. SECTION 5: Savings/ Repealing Clause. All provisions of any ordinance in conflict with this Ordinance are hereby repealed; but such repeal shall not abate any pending prosecution for violation of the repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any violation if occurring prior to the repeal of the Ordinance. Any remaining portions of conflicting ordinances shall remain in full force and effect. SECTION 6: Severability. Should any section, subsection, sentence, clause or phrase of this Ordinance be declared unconstitutional or invalid by a court of competent jurisdiction, it is expressly provided that any and all remaining portions of this Ordinance shall remain in full force and effect. Prosper hereby declares that it would have passed this Ordinance, and each section, subsection, sentence, clause, or phrase thereof irrespective of the fact that any one or more sections, subsections, sentences, clauses, or phrases be declared unconstitutional or invalid. SECTION 7: Effective Date. This Ordinance shall become effective from and after its adoption and publication as required by law. DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS ON THIS 8`h DAY OF SEPTEMBER, 2009 AT A MEETING WHICH WAS HELD IN STRICT ACCORDANCE WITH THE TEXAS OPEN MEETING ACT. % LlfH S ffiJyhNGER, Mayor �1�10 j111 ATT O: �� OF PR�i� go //��SZ . • .r • • ^ ATTHEW D. DENTON, TRMC Town Secretary s + Date ofPubhcation F�3 ,r � 11/11111 %0 Page 2 of 2 TOWN OF PER Prosper is a place where everyone matters. TOWN OF PROSPER ADOPTED BUDGET 0 FISCAL YEAR 2009 -2010 October l, aooy to September 30,20-10 4 "Building community ..." r a FISCAL YEAR 2009-2oio ADOPTED BUDGET IU W ri d F SPEN. Prosper is a place where everyone matters. F 1sCAL YEAR 2009 -2010 11' 1 i 1 Prepared By: Mike Land, Town Manager Matthew Garrett, Finance Director Ron Butler, Comptroller • Reviewed and Adopted by Town Council on September 8, aoog. Charles Niswanger, Mayor Ray Smith, Mayor Pro -Tern Kenneth Dugger, Deputy Mayor Pro -Tem Dave Turley, Council Member David Vestal, Council Member Meigs Miller, Council Member Danny Wilson, Council Member JA Marked by many infrastructure construction projects and concentrated efforts to increase resident involvement within Town and general citizenship, the theme of this year's budget document is appropriately summed up in the expression "Building community ..." t FiSCAL YEAR 2009-2oio ADOPTED BUDGET y. TABLE OF CONTENTS ► - iii BUDGET MESSAGE LETTER FROM THE TOWN MANAGER 3 THE BUDGET PROCESS 11 BUDGET CALENDAR 12 TOWN PROFILE TOWN COUNCIL 15 VISION AND STRATEGIC WORKPLAN 16 ORGANIZATIONAL CHART 22 SCHEDULE OF AUTHORIZED POSITIONS 23 LOCATION AND MAP 24 TOWN HISTORY 25 POPULATION 26 AVERAGE RESIDENTIAL PROPERTY TAX BILL 27 FUND SUMMARIES CONSOLIDATED TOWN FUND SUMMARIES INDIVIDUAL FUND SUMMARIES GENERAL FUND WATER & SEWER FUND DEBT SERVICE FUND (INTEREST & SINKING) CAPITAL PROJECTS FUND PARKS FUND IMPACT FEES FUND INTERNAL SERVICE FUND SPECIAL REVENUE STORM DRAINAGE FUND ECONOMIC DEVELOPMENT CORPORATION (EDC) FUND Fiscal Year 2009 -2010 i 31 32 Adopted Budget REVENUE PROJECTIONS GENERAL FUND REVENUE SOURCES 45 PROPERTY VALUATIONS AND AD VALOREM TAXES 46 PROPERTY TAX RATE DISTRIBUTION 47 SALES TAXES 48 WATER AND SEWER FUND REVENUE OUTLOOK 49 REVENUES IN OTHER TOWN FUNDS SO DEBT SERVICE (I&S) FUND 50 CAPITAL PROJECTS FUND 50 I PARKS FUND 50 IMPACT FEES FUND 50 INTERNAL SERVICE FUND 50 SPECIAL REVENUE 50 STORM DRAINAGE FUND 50 EDC FUND REVENUE SOURCES 50 APPROPRIATIONS GENERAL FUND TOTAL APPROPRIATIONS BY CATEGORY GENERAL FUND TOTAL APPROPRIATIONS BY DEPARTMENT GENERAL FUND DEPARTMENT SUMMARIES 53 54 ADMINISTRATION POLICE 55 56 DISPATCH 57 FIRE 58 FIRE MARSHALL 59 STREETS 60 LIBRARY 61 PARKS 62 MUNICIPAL COURT INSPECTIONS CODE ENFORCEMENT PLANNING 63 64 65 66 ENGINEERING 67 Fiscal Year 2009 -2010 Adopted Budget APPROPRIATIONS 1CONT'D WATER He SEWER FUND TOTAL APPROPRIATIONS BY CATEGORY 68 WATER & SEWER FUND TOTAL APPROPRIATIONS BY DEPARTMENT 69 WATER & SEWER FUND DEPARTMENT SUMMARIES WATER 70 WASTEWATER 71 UTILITY BILLING 72 EDC FUND /DEPARTMENT SUMMARY 73 APPENDIX CHARTER ARTICLE VII — FINANCIAL PROCEDURES OUTSTANDING DEBT SCHEDULE PROPERTY TAX RATES — EFFECTIVE RATE NOTICE BUDGET ORDINANCE PROPERTY TAX ORDINANCE WATER AND SEWER RATES GLOSSARY APPRECIATION THANKS TO THE FY 2009-2010 BUDGET TEAM 77 82 83 85 87 89 94 INSIDE BACK COVER) I Fiscal Year 2009 -2010 iii Adopted Budget PIOWN SPOEI Prosper is a place where everyone matters. AN a BUDGET MESSAGE 0 Letter from the Town Manager The Budget Process Budget Calendar t t "Building community..." r FISCAL YEAR ___9____ ADOPTED BUDGET | � ' � � Octol)rr 1, 2009 Honorable Mayor and Town Council Citizens of Prosper Mayor, Town Council, Citizens, For your consideration, I am pleased to present the following Adopted 2009 -2010 Town of Prosper Annual Operations and Maintenance Budget. This document details the comprehensive strategicplan by whichthe Town of Prosper strives to enhance the community's quality of life. The Prosper Town Council's adopted Strategic Vision and Work Plan served as the guiding principles for developing this Adopted budget. The most important element of the Town Council's Vision is the following Purpose Statement: TOWN OF PROSPER PURPOSE STA'T'EMENT "Prosper is a place where everyone matters," BUDGET OVERVIEW The Town of Prosper 2009 -2010 Adopted Budget represents a continuation of most Town services at the same or similar levels, with added focus on improving public safety and community services. Understanding that the Town's growth and revenues are directly related to uncertain economic conditions in various markets, the budget is being adopted after prudent examination and with conservative forecasts. The Town of Prosper currently employs sixty (60) regularly scheduled team members, fifty -nine (59) full time and one (1) part time. Within the adopted budget there is a funding to hire a Parks Supervisor in the Parks and Recreation Division of Development Services, and to add five Dispatch Operators in the Dispatch Division of the Police Department. In order to accommodate the addition of these positions, two vacant positions in the Inspections Division of the Development Services Department and one vacant executive assistant position in the Police Department will no longer be funded. Al] other departments' personnel will be funded at their current staffing levels. Fiscal Year 2009 -2010 Adopted Budget In evaluating the 2009 -2010 Adopted Budget it is important to consider several historical organizational initiatives, current environmental factors and the unpact each has on planning for additional appropriations. Those �k ith the greatest impact are listed below. The Adopted 2009 -2010 Budget Appropriations total $13.3 million (M) for all funds not including debt service or capital projects. Of that amount, approximately $6.4A4 is for General Fund operations and maintenance, and $5.5M for the Town's Enterprise Funds including Solid Waste, Waterand Sewerutilities. For the 2009 -2010 Fiscal Year a special revenue fund for the Stormwater Drainage utility is created. Debt Service appropriations for the coming fiscal year are $2.1 M. Property Values Certified property valuations increased by $39M (4 17c) for FY 2009 -10. Property values increased from $984.6M to $1,023-9M. While the growth in certified property valuations continues to increase, the economic downturn did have a negative impact on existing property values, with a decrease of nearly 20.7M (2.1 %). This decrease along with the warnings that Fiscal Year 2010 -2011 existing home and commercial values in all probability will continue their decline in value counter the positive growth; this is compounded with the continuing decline in building and construction permit fee collections. There is much uncertainty regarding upcoming property valuations. Commercial property values are expected to experience a larger decline than residential valuations; Prosper hopes to avoid the heaviest declines since its values are primarily residential properties. Two high quality multi - family projects have added 620 units and will increase the Town's population by approximately 1900 residents before Fiscal Year 2009 -2010 ( "FYIO ") ends. These two properties are projected to enhance the Town's commercial valuations. Values in the Denton County portion of Prosper continue to increase. For the 2009 -2010 Fiscal Year, freeze adjusted property values in this area increased 51.9% to $173M. Property Tax Rate The adopted Ad Valorem Property Tax Rate in the coming fiscal year is equal to last year's rate and is set at $0.52 per one hundred dollars taxable valuation. The portion of the tax applied to debt service is $0.205916. The rate was discussed at the advertised rate of $0.55 throughout the budget process, but Town Staff was able to make the reductions necessary to hold the rate at $0.52. Town Council recognized that a tax increase may be necessary in future years, but voted to adopt a rate of $0.52. Sales Taxes Due to recent commercial operations opening in Prosper, even with the economic slowdown, sales tax collections have stabilized and are projected to remain in line with current collections. Fiscal Year 2009 -2010 Adopted Budget Utility Rates The Tov, it of Prosper Town Council this past winter engaged the services of J. Stowe and Company to produce rate recommendations that support the Town Council's adopted Water and Wastewater Utility Comprehensive Business Plan. The Plan as adopted contains recommendations to enhance revenues, to establish a60 day operations and maintenance reserve and to fund an annual contribution of 2% to a capital replacement program. In order to meet these goals, a rate increase of approximately 3% is necessary and is budgeted to be effective in April 2010. Solid Waste rates will be increasing this coming fiscal year reflecting IESI's annual increase equal to 75% of the Consumer Price Index and biannual fuel surcharge recalculations as called for in the current contract. Stormwater Drainage Utility rates will be implemented in the coming fiscal year. A minimum rate of $2.75 depending on lot size has been established. During Fiscal Year 2010 an engineering study will be performed that further defines Iot size and Iot coverage rates for residential and non - residential customers throughout Prosper. GENERAL FUND The 2009 -2010 Budget as presented is based on the Adopted Tax Rate of $0.52. The effective tax rate, that is the rate that would generate the same amount of property tax revenues in 2009 -2010 that were generated in the previous fiscal year, is $0.523544 and the rollback rate, which equates to 108% of the previous year's effective operating rate, is 50.551272. Each additional penny of the tax rate generates approximately $96,000 in property tax revenue. Additionally, for property tax revenue projections the Collin County Tax Assessor- Collector states that it again expects to collect 100 %r, of the current property taxes due based on their past history of doing so. Fiscal Year 2009 -2010 Revenues are expected to exceed Appropriations resulting in net change to the Town's Fund balance of $14,568. The Audited Fund Balance at the end of 2007 — 2008 was 54,007,077. Revised Fund balance prior to the final audit for 2008 — 2009 is expected to increase $187,918. Should the current projections hold true, the total projected fund balance as of September 30, 2010 could be $4,209,563. In the 2009 -2010 Budget, the target reserve level is set at 25% (or 90 days) of total appropriations. In addition to this reserve, staff has earmarked an amount of the fund balance equal to 10% of the total general fund appropriations to conform to the Town Charter provision regarding contingent funds. At the end of the 2009 -2010 Fiscal Year, the projected total fund balance not otherwise restricted or held in contingency should total $1,991,040 which equates to an additional 113 days of operations depending on final audited numbers, bringing the total number of operating days of reserves to 239 days. REVENUES Overall, revenues are projected to decrease 0.9�'o compared to budgeted 2008 -2009. This continues to reflect the overall decrease in building and other construction related permit fee collections. Property Tax Revenues for Operations and Maintenance are projected to increase by approximately 11.9`.0 Fiscal Year 2009 -2010 Adopted Budget compared to budgeted 2008 -2009 revenues. Franchise and other related Taxes are projected to increase 10.21.c primarily as the result of the Town's continued growth. Projected Sales Tax revenues in FYI0 were held equal to the $1.1 million budgeted in FY09. This represents a decline of approximately 14.3�� in sales tax receipts over the last 3 years. The Town's sales tax collection has seen a continued decline beginning in 2006 when it was at its height compared to the current year. The FY09 actual was only $26.000 less than budgeted, and the Town has seen the opening of several retail and other commercial spaces in 2009. Staff continues to be conservative when projecting sales tax because of the dow ntum in construction related projects. As a result of the continued economic slowdown specifically in the residential construction area, revenues front build ing and construction permit fees are projected to decline approximately $440,000 when compared to the FY09 Budget. This decline recognizes less new home or multi- family construction and minimal non - residential construction in the coming year. Municipal Court Fines and Licenses are projected to increase slightly over the currentyear's projected revenues. Fees and Other Revenues are projected to decrease by 20.5% over the prior budget, including interest rates that are especially Iow for most investments opportunities. The FYI0 Budget includes an increase in ambulance service charges. The change increases the fee from $400 per incident to $600 per incident. This rate increase is part of a recommended two phase increase, eventually setting the rate in the FYI I Budget to $800 per transport. The mileage rate per loaded mile will increase to $10 per loaded mile in FYI0 and $12 per loaded mile in FYI 1. The SAFER Grant, which helps to offset the cost of the additional Firefighters hired in FY08 will reduce by $37,980 in the coming year_ Street rental and payment in lieu of taxes from the Town's Enterprise Funds are projected to increase in accordance with the Town's adopted Water and Wastewater Utility Comprehensive Business Plan and subsequently adopted rate study. APPROPRIATIONS Total Appropriations for the 2009 -2010 Budget are $6.4M. This is an increase of approximately 1.2% compared to the 2008 -2009 Budget. Personnel costs constitute 67.5% of the General Fund Budget. Within the adopted budget there is a funding to hire a Parks. Supervisor and.to add five Dispatch Operators; three vacant positions were eliminated in this budget. Program Enhancement and Capital Expenditures included in the adopted appropriations and planned for the 2009 -2010 Fiscal Year by Division are as follows: Fiscal Year 2009 -2010 6 Adopted Budget CON'I INUATION AND PROGRAM DIVISION F.NF3ANCENIl,;N T DESCRIPTION Atli ninisualion $94,000 Community Library Police $350,000 5 new dispatch operators, 2 new leased vehicles and additional cruisers, weapons and vehicle equipment Pat ks and $74,350 Park Supervisor, increased contract Recreation services for parks maintenance including Pecan Creek Park in La Cima and the new Community Park Administration The Administration adopted budget includes new funding for the Community Library and brings together into one account organization -wide training appropriations. This appropriation represents planned organizational development and customer care training. Additionally, for the first time and in response to the organizational development plan, an appropriation is made for an employee incentive pay for research and development recommendations leading to significant improvements in Town operations, revenue enhancements, or reductions in expenditures. Police The 2009 -2010 Fiscal Year will see the full implementation of the Town's Dispatch and Communications Operations Center. This new division continues the Town Council's commitment to providing excellent Public Safety Emergency Services to the citizens of Prosper. The new Dispatch and Communications Center is located at the south end of Town Hall and is expected to be fully operational by November 30, 2009. Five new dispatch operators will join the Communications Supervisor in serving the citizens of Prosper on a 24/7 schedule. The budget as presented does include funding for the purchase of required tactical equipment including vests, personal and vehicle radios, and the continued acquisition of police vehicles. EMS/Fire The 2009 -2010 Adopted Budget reflects the continued commitment by the Town to fully staff the Fire Department as the result of the Town's receipt of a SAFER Grant award in 2008. The SAFER grant Fiscal Year 2009 -2010 7 Adopted Budget reimbursement, which is an annually declining grant, will cover 81 % of the six (6) firefighters salaries in the coming fiscal year compared to 9410 in the current fiscal year. Public Works — Streets There are no significant changes or additions to the Street Budget adopted in 2009 -2010 over the current fiscal year. Development Services - Inspections. Planning. Engineering, Code Enforcement. Parks and Recreation There are no significant changes adopted for any of the divisions of Development Services with the exception of Parks and Recreation. The Inspections Division will continue to utilize a private contractor to perform all health/food establishment/hotel inspections. Additional costs reflected in the Code Enforcement Department budget include contractual costs with Collin County for Animal Control. Planning will continue to contract with Frisco's GIS department for mapping services. This budget also includes the hosting service fee for the TRAKiT software program, which will support all of Development Services and Public Works. In Parks and Recreation there are several program changes adopted. The first change in Contracted Services represents increases resulting from additional park land coming online this coming fiscal year, including maintenance of Pecan Creek Park located in the La Cima subdivision and the new Community Park expected to open in the summer of 2010. The second cost increase in this division reflects the hiring of a new Parks Supervisor. ENTERPRISE AND SPECIAL REVENUE YUNDS GENERAL OBLIGATION I &S FUND This fund represents the debt portion of the tax rate. Debt payments from I &S for 2009 -2010 will total $2,084,935, an increase of $24,976 from the current year's budget. The major change in this fund is in the transfer of water and sewer related debt to the Utility Enterprise Fund. Replacing the water and sewer debt is debt issued in 2008 for First St., Coit Rd., Prosper Trail widening and the construction of the fast phase of the Community Park. WATER, SEWER SOLID WASTE UTILITY FUND Revenues for the Water, Sewer and Solid Waste Fund are expected to increase to $5.6M with a planned rate increase to occur in April 2010. The adopted business plan for the Water and Sewer Utility Fund identifies the need to for revenue enhancements to cover existing and future operations and maintenance costs as well as debt service and contracted sewer costs with the Upper Trinity Regional Water District. Regarding Solid Waste, IESI rates are contractually subject to increase in the coming year_ Appropriations for the fund total $5,537,562 resulting in a net "gain" of $23,370 for the fiscal year, Fiscal Year 2009 -2010 Adopted Budget which will increase the net asset balance of these funds. The Operating Revenues with the April rate increase will balance the fund and will be within the parameters of the adopted business plan for these utilities. The additional revenues over expenses are to be designated for reserves, capital investment reserves and debt service reserves. STORRIWATER UTILITY FUND The 2009 -2010 Budget as adopted includes a special fund created for the Stormwater Utility, The Town of Prosper established its Drainage Utility System in August 2008 and adopted the ordinance enabling the collection of a Drainage Utility System Fee in July 2009. The revenues projected for the fund wil l cover the cost of the engineering study necessary to finalize the appropriate rate structure for the fund. The initial deficit will be taken into account for reimbursement once the fees collected in the fund support the engineering expenses incurred. GENERAL DISCUSSION ITEMS The following items have been incorporated into the Adopted 2009 -2010 Budget: Appropriations Budget Highlights • A onetime lump sum incentive pay distribution was approved in the FY10 Budget in lieu of an across the board base pay increase for employees. The intent of this strategy was to differentiate the reward based on performance and also to prevent the additional pay from carrying over into the FY11 Budget. • The Town has elected to pay 10 % contributions to the Texas Municipal Retirement System while the Annual Required Contribution is only 9.23 %. This additional 0.77% is included in the budget to pay down a fraction of the Town's Unfunded Actuarial Accrued Liability ( "UAAL ') which was at $905,124 as of December 2008. This will increase the Town's assets held by TMRS, draw a better return than the Town can currently expect and reduce or mitigate the increase of the December 2010 UAAL calculation. • The Town of Prosper created its own 911 Dispatch Center which began operations on December 14, 2009. Additional funding will be required to support the five new staff members, constant dispatch operations and added IT vendor support agreements. Additional public safety services including a Dispatch Center Operation introduced in the FY10 Budget are expected to place significant pressure on the property tax rate in future years. • Park services and related costs will increase resulting from additional park land coming online this coming fiscal year, including maintenance of Pecan Creek Park located in the La Cima subdivision and the new Community Park expected to open in the summer of 2010. To help manage this growth, the Town added a new Parks Supervisor position. • The Town is taking over the operations of the Community Library from Prosper ISD and included its costs of $94,000 in the FY10 Budget. The Town also funded the continued Fiscal Year 2009 -2010 9 Adopted Budget operation of Prosper ISD's Multi Purpose Facility Iocated at Reynolds Middle School site for seasonal use. 'This facility would have otherwise been unavailable and the Town's costs to keep this facility open will be $22,000. • The major change in the Interest and Sinking Fund ( "I &S Fund') is in the transfer of water and sewer related debt to the Utility Enterprise Fund. Payments from the 1 &S Fund totaling S1,28y,208 for debt issued in 2008 for First St., Coit Rd., Prosper Trail widening and the constriction of the first phase of the Community Park will begin in FY10. This is approx imately the same as the amount of debt the Utility reabsorbed. Each of the four major infrastructure projects funded with 2008 debt issued will be started during FY10. In summary, the adopted budget meets the objectives provided by Council, keeping personnel cost minimized compared to overall Appropriations. The momentum of the Town's growth going into FY 2010 has been Mowed by the do%vntum in the market. With the opening of the DNT frontage road north through Prosper this past year; the addition of a couple of high quality multi - family projects and additional commercial space, the Town will continue to experience solid growth in population and property values. The Town expects a very rapid demand for services in the next few years as the tension in today's economy subsides. Much energy and resources have been and will continue to be devoted to business planning and building efficiencies into each department as the Town sets strategies for the next five years and beyond. The Adopted Budget facilitates only needed improvements and expansions to this end. Sincerely, Mile La d Town Nfanager Fiscal Year 2009 -2010 10 Adopted Budget PURPOSE OF AN ANNUAL BUDGET 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. BUDGET DETAILS The Town's fiscal year is from October 1st to September 30th. Beginning October 1st, the approved budgets are appropriatied 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 Manager 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. PREPARATION OF THE ANNUAL BUDGET DOCUMENT 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. By May, the Budget Preparation Manual is distributed to departments for review. The FY 2010 Budget Process will be the second year for electronic transmission of the materials in Budget Preparation Manual and for direct entry into Budget Revision Levels in the Town's financial software, STW. Submissions include funding requests for improvements to public services, capital outlays and capital improvement 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 Manager's vision for Prosper as well as providing the most efficient and effective services to the Prosper citizens are the major considerations throughout the budget review process. From June through September, 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. BUDGET ADMINISTRATION 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. The Town Manager is authorized to transfer budgeted amounts between departments within any fund; however, any revision that alters total expenditures of any fund 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 overeages in expenditures. Unless known to be immediately necessary, 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 budget. Fiscal Year 2009 -2010 i l Adopted Budget FY 2009 - 2010 BUDGET CALENDER Strict adherence to the budget schedule is essential for an efficient and successful budget process. This assists in the processing of the overall budget. Important budget deadlines are detailed below: Date i ion ResRonsible 1 Parties i May 4, 2009 J 2009-2010 budget process initiated. i Finance Director May 5 --8 Verify Access to STW Budget Module and Training for Budget Entry. i Finance Director i2 with DH's and Staff with role in budget. Finance Director May 1S Town staff completes revenue and expenditure projections through the end of the current fiscal year. _(LEVEL I on STW Budget Module) Department Heads J May 22 Continuation (Level 2 on ST\AI) budget requests completed and Department Heads submitted" on STW Budget Module, Program Enhancement (Excel Form Only) budget requests and May 29 related forms submitted by email to the Finance Director. --------------- ------ ---- .- ------- - --- - ---- -, ! Department Heads June 9 — Town Manager Meets with Department Heads to discuss budget Town Manager and July 7 yeqyests/rqyisian-s. Department Heads ....... ... July 27 Receive certified tax roll from Appraisal Districts. Chief Appraiser i Jul lly 30 eliminary Budget Workshop - Recommended budget reviewed by Town Manager a nd August 6 I Town Council Publish effective and rollback tax rates. ----- - i Town Council J Di-rec.tor Council receives Town Managers Proposed Budget. Town Manager's .-Finance 1 files Proposed Budget with Town Secretary (at least 30 days prior to tax levy) Town Manager, August 11 Meeting of governing body to discuss tax rate; if proposed tax rate Town Council, will exceed the rollback rate or the effective tax rate (whichever is Finance Director and i lower)-, take record vote and schedule public hearings. Town Secretary Publication of public hearing notices on the proposed budget and August 13 I increase of tax rate -- if the tax rate exceeds the effective rate (not 30th loth earlier than the 3 day or later than the day prior to the I I Finance Director hearing) 4 72 Hour Notice - Publication of public hearing notice on the Finance Director and August 22 proposed budget and increase of tax rate -- if the tax rate exceeds Town Secretary the effective rate August 25 First public hearing on the proposed budget (at least 15 days after the budget is filed, but before the tax levy) increase t Town Manager and and of tax rate Town Council if the tax rate exceeds the effective rate August 27 ..... ..... . I Notice of Vote on Tax Rate Published newspaper and Web site Finance Director and 1 (at least 7 days before meeting Town Secretary 2 Hour Notice - Publication of second public hearing notice on the Finance Director and August 28 proposed budget and increase of tax rate if the tax rate exceeds Town Secreta Secretary the effective rate September 3 Second public hearing on the proposed budget and increase of tax L i Town Manager and rate if the proposed tax rate exceeds the effective rate. Town Council September 8 Town Council Meeting to pass Ordinance adopting the 2009-ml Town Manager and Budget and 2009 Tax Rate to be considered b y the Town Council. Town Council September 15 .... ...... Final approved budget to be filed with Town Secretary. -Town Finance Director and 1 Town Secretary Copies of fii n al d 9 et distributed to Council and Department September 30 Heads AND Tax Assessor/Col lector and Appraisal District notified of Finance Director current year tax rate. October 1 Taxes are billed by the Tax Assessor/Col lector. Tax Assessor Fiscal Year 2009-2010 12 Adopted Budget ITO WN Of' S P Prosper is a place where everyone matters. a *t y I P-11M TOWN PROFILE 0 Town Council Vision and Strategic Workplan Organizational Chart Schedule of Authorized Positions Location and Map Town History Population Average Residential Property Tax Bill "Building community ..." FISCAL YEAR 2009-2oio ADOPTED BUDGET oe # I k 1�1 Council Member Place 1 Dave Turley Term: May 2010 Council Member Place 3 David Vestal Term: May 2011 Danny Wilson Term: May 2011 Fiscal Year 2009-2010 Mayor Charles Niswanger Term: May 2010 The Mayor and each of the six (5) Council Member places are elected at large according to the Town Charter. 15 Council Member Place 2 Deputy Mayor Pro-Tem Kenneth Dugger Term: May 2012 Ib, Council Member Place 4 Meigs Miller Term: May 2010 Council Member Place 6 Mayor Pro-Tem Ray Smith Term: May 2012 Adopted Budget TOWN OF PROSPER 2009 WORKMAN PURPOSE Prosper is a place where ever} one matters. BEST In THE WORLD Prosper will be the best in the N%orld at providing systematic opportunities that inspire our citizens to actually make a difference in our To \N n. VALUES Community Leadership Creativity Economic Securiu_ Security Helping Others Fiscal Year 2009 -2010 16 Adopted Budget GOAL 41 SECt RE THE TONVN'S FINANCIAL FUTURE a. Be sound ste\\ ards of the To\N n's resources and assets. i. Implement a performance excellence management s\ stem ii. Adopt business plans for all departments and overall for the To\vn iii- Ensure that set-\ ice providers receive timely and relevant training iv. Develop a Volunteer in Prosper (VIP) program b. Establish Financial Sustainability Policies. i. Create benchmarks for budget and personnel ii. Adopt policies SUPP01-ting, budget goals and objectives. asset investment. personnel. purchasing. return on investment strategies. and debt management strategies iii. Develop and implement Irtancial incentives for public private partnerships that benefit the cornmunitv with sustainable infrastructure as well as deVeloptment. GOAL 42 ACTIVELY ENGAGE CITIZENS a. Develop a holistic communication systern that is personal and transparent- use IN Expand the definition of'community to include an) one \v ho conies in contact n ith the services and or en ironment of the Tom n of Prosper. Establish partnerships with any and all v ho provide any informat' residents and businesses ol'Prosper. Utilize as many communication tools available recognizing the di and flexibility these tools offer. Establish relationships bct\Neen the Town's organization and the communit} that involves consistent and regular personal contact I residents. neighborhoods businesses and the people providing ser the Tomrn of'Prosper. Mobilize even one in the connnunit} in marketing Prosper Fiscal Year 2009 -2010 17 Adopted Budget Fiscal Year 2009 -2010 b. Provide a myriad of'opportunities for residents to interact Niith each other and the oroanizatlons that serve the communrty. i. Create a \irtual To-,�n Hall including a full compliment of online ser\•ices ii. Build physical environments that promote gatherings places for the community to come together. iii. Partner with the Prosper Independent School District on as many mutually beneficial projects possible. iN. Create a Citizens 2010 Bond Committee. N. Designate a Community Liaison staff member \\ithin each Town Department responsible lox community outreach. vi. Promote the ServeProsper campaign and programs creating opportunities fix aiding local residents in -, arious stages of need. vii. The Town will host timely community meetings. World C'af6's. to discuss community issues and opportunities. GOAL #3 MAKE PROSPER A JEWEL a. Create a sense of place Rbr each resident and business to identify with. i. update the ToNNn "s Comprehensive Plan. Zoning Regulations_ Subdivision Regulations and Development Standards to reflect Prosper's Purpose ii. Create an image blueprint for the Town's major thoroughfares and all runicipal construction projects that prox ide a visual "tie that binds" the community together. iii. Reinforce the Tovn's usual imagery with all of the Town's communication tools including= online set-vices and print materials. iv. Foster and create traditions for Town residents and businesses throu__h the use of'<-athering places. parks and open spaces. b. Create a community that is looking forward. encourages and embraces change. i. Aggressively pursue and secure economic development opportunities that will capture the market ii. Invest in municipal infrastructure. architecture and deN elopnent that reflect excellence -,without compromise and supports Prosper's purpose. 18 Adopted Budget GOAL #4 ENHANCE PUBLIC SAFETY a. Position the Fire and Police Departments to be proactixe. i. finalize a plan for dispatch operations ii. Implement necessatti improvements to support the Fire Department's goal to successfully reach an ISO Rating of 3 or better. iii. Expand Public Salcty to include support for customer centered code enforcement. iv. Continue ad\ ancement of CERT �. Conduct Emergency Managcment Training vi. ' here feasible consider establishing, partnerships w ith neighboring conulnutities for joint dispatch, tire. and first responder and ambulance services. vii. Finalize plans for the construction of a second fire station serving the western portion of Prosper. b. Utilize technologn to pro%ide more opportunitN for personal service. i. Construct the necessar} conununications infrastructure for adequate coverage fir the entire community. ii. Train all departments and C I:RT in NIMS iii. Implement E -Watch programs for residents and businesses. Fiscal Year 2009 -2010 19 Adopted Budget 2015 Town Council Goals* SOUND FISCAL MANAGEMENT 1. Pass Towns First General Obligation Bond (Goal 1, 2, 3 and 4) 2. Increase Towns Credit Rating to "A" (Goal 4) 3. Synchronize Tax Rate with expanded services (Goal 4) 4. Offer full slate of online services (Goal 1 and 2) 5. Adopt Budget Policies (Goal 4) PUBLIC SAFETY AND SECURITY 1. Build Dispatch Center (Goal 3 and 4) 2. Lower ISO Rating (Goal 3 and 4) 3. Purchase Ladder Truck (Goal 3 and 4) 4. Start building second fire station (Goal 3 and 4) 5. Meet Community Police staffing standards (Goal 3 and 4) ECONOMIC SECURITY 1. Zone property for a Medical Center (Goal 2) 2. Create partnership to spur economic opportunity (Goal 1) 3. Select 200 acre site for college (Goal 2) SUBSTANTIAL CITIZEN INVOLVEMENT IN COMMUNITY 1. Start Involvement Committees (Goal 1) 2. Create a virtual Town Hall (Goal 1 and 2) 3. Hire staff and technical Support (Goal 1 and 4) GATHERING OPPORTUNITIES 1. Integrate gathering places in retail projects (Goal 1 and 2) 2. Plan a Community Center (Goal 1 and 2) 3. Begin installation of Wi /Fi fiber (Goal 1, 2, 3 and 4) 4. Build a community garden (Goal 1 and 2) S. Build a PISD /Town Community Park and Stadium (Goal 1, 2 and 4) SUBSTANTIAL RETAIL MULTIPLE TYPES 1. Issue permits for the "Gates of Prosper" (Goal 2 and 4) 2. Open Farmers Market downtown (Goal 1 and 2) 3. Open big box type of projects including Best Buy, Kohl's, Costco, Lowes, Grocery Store (Goal 2 and 4) Fiscal Year 2009 -2010 20 Adopted Budget INFRASTRUCTURE IN KEY LOCATIONS 1. Build west service roads to DNT (Goal 2, 3 and 4) 2. Purchase parkland (Goal 1, 2 and 4) 3. Create Partnerships with public and private sectors to develop projects (Goal 1, 2, and 4) 4. Build water and sewer infrastructure, NTMWD west expansion, connect to Upper Trinity Sewer (Goal 2 and 4) 5. Build transportation infrastructure including west Prosper streets, east Prosper widening, 289 expansion (Goal 2, 3 and 4) *Town Council goals as established October 2007. Fiscal Year 2009 -2010 21 Adopted Budget Fiscal Year 2009 -2010 22 Adopted Budget Fund Department Position Type FY 06/07 Revised FY 07/08 Revised FY 08/09 Adopted FY 08/09 Revised FY 09/10 Adopted GENERAL FUND FY 06/07 FY 07/08 FY 08/09 FY 08/09 E' Administration 5 5 5 5 5 Police 9 11 11 11 10 Dispatch 47 56 1 1 6 Fire 10 13 19 19 19 On -call temporary pool 10 10 12 12 12 Fire Marshal 1 1 1 1 1 Streets 2 2 2 2 2 h Library 2 Parks 1 2 2 2 4 ;. Court 1 1 1 1 1 Inspections 6 8 8 8 6 Code Enforcement 1 1 1 1 1 Planning 2 3 3 3 I 2; Engineering 1 1 1 1 1 I, Subtotal Full -Time 37 46 53 52 55 i Subtotal Part-Time 2 2 2 1 3 Subtotal Temporary 10 10 12 14 14 Total General Fund 49 58 67 67 72 ;WATER/SEWER FUND 1 Water 5 5 5 5 k 5 Wastewater 2 2 2 2 2 i Utility Billing 1 2 2 2 2 Subtotal Full -Time 8 9 9 9 9 Subtotal Part-Time I Total Water /Sewer Fund 8 9 9 9 9 ECONOMIC DEVELOPMENT CORPORATION Administration 2 2 2 2 2 Subtotal Full -Time 2 1 1 1 1 Subtotal Part-Time 1 1 1 1 Total Economic Development Corp. 2 2 2 2 2 CAPITAL PROJECTS FUND CIP Project Manager (i emp r i) 1 1 1 Position Type FY 06/07 FY 07/08 FY 08/09 FY 08/09 FY 09/10 Revised Revised Adopted Revised Adopted ALL FUNDS Total Full -Time 47 56 63 62 65 Total Part-Time 2 3 3 2 4 Total Temporary 10 10 13 15 15 Total All Funds 59 69 79 79 84 Fiscal Year 2009 -2010 23 Adopted Budget f- r 3� i : PASD I f i F I. YY z The Town of Prosper, TX is located in North Central Texas, and covers approximately 27 square miles of the Dallas /Forth Worth Metroplex ( "DFW "). Prosper includes incorporated areas in both Collin and Denton Counties, with most of the Town's population residing in Collin County. The Town is positioned 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. Fiscal Year 2009 -2010 24 �.. F. ' 47 I t,Rl WORTH F- ,� DALLAS ,,ra macl o AUSTIN ' HOII,TON SAN AtRONID • . CORPUS rI1RIS11 IAREDO 1'In�µ.N:�VILU Its peaceful setting beckons families to experience its wide open spaces, small town charm, city convenience and close knit community. The Town is bursting with pride for its first rate education and state championship sports teams, picturesque ranches and other amenities. Access to the DFW area coupled with a commitment to maintain a high standard of living have created substantial growth for the Prosper community and this growth is expected to turn up sharply in the next few years. Adopted Budget Fiscal Year 2009-20 10 76 Odv\A F�' �o +o JIM Adopted Budget PmspebeganwiththeOcstsettleoanivingin this area inl046. Those who settled here were drawn to North Texas' black prairie soil rich, fertile land that nurtured m thriving cotton crop inatime when cotton was "0ng" Between 185O and 19O2,two settlements coexisted. One community, two miles south ufthe present town, was called Rock Hill. The second community, one mile north, was called Richland. The development nf these small . communities was expedited in187G when County Courts ordered »� TT small tracts of land to be established for quick sale, These trocts ^ each approximately 16Q acres in size, were sold for $l5O per acre. Dr, A.T. Bryant of McKinney purchased one nf the tracts, which ' � later became the geographic nucleus for the Town ufProsper. ----' The establishment of the St. Louis & San Francisco Railroad in March of 1902 created the change that forced the communities of Rock Hill and Richland to merge forming the Town of Prosper. For years, Prosper was the central stop for the railroad between Dallas and Sherman. When community officials applied for a Post Office with the name "Richland", they were informed that city name was already taken. Postmaster B.J. Naugle asked for an alternative name and J.C. Slaughter suggested the name Prosper. A new name was adopted for the hybrid community - one that spoke of the prosperous living conditions and the prosperous crops harvested that year. And so it was that the town of Prosper was born. The Town of Prosper was incorporated (n1914 with a commission form of government and a population of5DO.U.N. Clary was Mayor and served in that position for the next 49 years. it served for decades asamarket center for area farmers and their abundant cotton and corn oops.Fmm the mule drawn wagon the automobile the evo|udonof people mm�ngin and out of the rural community. -- '—~''--_^_. Surviving the war and the depression, the mechanization offarming provided the next big impact onProsper'spopulation. |n19DO'the introduction of light industry, combined with the growth of the Metroplex, led toa comeback for Prosper. To this day, Prosper has managed to retain its 19th century country charm, carefully controlling its growth to that end. Unlike the bustling cities of Dallas, Plano and Frisco that lie just a few miles south, Prosper b characterized by estate-size home sites, pristine rolling hills and vast expanses of open land. Here, you'll discover an alluring lifestyle in beautiful homes that populate quiet neighborhoods. Today, Prosper is the home to more than 100 businesses and hundreds of new families. The Town oy Prosper is"A Place Where Everyone K4atters." Fiscal Year 2009-2010 25 Adopted Budget 35,000 30,000 25,000 20,000 15,000 10,000 5,000 0 +r Trr" TAB =----f"'" T" T -*- TO T" T T� T� T T� - 'f I -r TR- T - 1 �O oN 0'L 0'3 0� oh o� 01 0� o°� ,�O ti� y1 ti� do ti� ,yo ,yo ,yo ,�o ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo ,yo Source: Population estimates to date are from North Central Texas Council of Governments; Future estimates are from Town of Prosper Staff (as in business plans) The 2010 Census will better define the demographic profile of the Town, which has changed dramatically since the last Census in 2000. New Residential Neighborhood Developments along with two new luxury multifamily complexes and several annexations have substantially increased the population. The 2009/2010 Annexation Plan Map below shows much of the newly annexed area (2009 in Blue and 2010 in Red) to be low density residential or agricultural uses, but will later spur into more heavily developed properties. i Fiscal Year 2009 -2010 26 Adopted Budget The average property tax bill for a Prosper resident in Collin County is calculated below assuming the 2009 average home taxable value of $343,317 at the adopted rate for Prosper of $0.52 per $100 taxable valuation with no exemptions. Rate per Town of Prosper, $0.520000, 20.89% Collin College, $0.086300, 3.47% $0.242500 9.74% The tax rates of entities are from the Collin County Tax Assessor or DentonCAD websites. Below is a quick comparison of the Town of Prosper's Property Tax Rate to other cities. 2009 Tax Rate $1 00 Rounded to 4 digits $100 Valuation Tax Levy Town of Prosper $ 0.520000 $ 19785.25 Prosper ISD $ 1.640000 $ 5,630.40 Collin County $ 0.242500 $ 832.54 Collin College $ 0.086300 $ 296.28 0.6450 $0.60 — — - — — — Prosper ISD, 0.4650 $1.640000, — — — — 65.90% Town of Prosper, $0.520000, 20.89% Collin College, $0.086300, 3.47% $0.242500 9.74% The tax rates of entities are from the Collin County Tax Assessor or DentonCAD websites. Below is a quick comparison of the Town of Prosper's Property Tax Rate to other cities. 2009 Tax Rate $1 00 Rounded to 4 digits $0.80 0.7284 – 0.5809 0.5855 0.5861 0.6100 0.6227 0.6227 0.6345 0.6400 0.6450 $0.60 — — - — — — 0.4650 — — — — — — — – $0.40 03742 0.3771 — — — — — — —" — — — — — — — — — — — – $0.20 — — — — — — — — — — — — — — — — — — – $0.00 T T T T T T T T T- -T- C-1 Q � QQ- � P Jk. �� . tS• �. � L LO c�P �` �P Fiscal Year 2009 - 2010 27 Adopted Budget P f,11" 0,VY 7 INT 0 F NJ This page was intentionally left blank. Fiscal Year 2009 -2010 28 Adopted Budget P11N OF OW SPER Prosper is a place where everyone matters. FUND SUMMARIES 0 Consolidated Town Fund Summaries Individual Fund Summaries "Building community H _ S FISCAL YEAR 2009 -2olo ADOPTED BUDGET r � P t _ S FISCAL YEAR 2009 -2olo ADOPTED BUDGET ANNUAL SUMMARY FUND GENERAL REVENUES EXPENDITURES NET REVENUES OVER (UNDER) EXPENDITURES WATER / SEWER REVENUES EXPENDITURES NET REVENUES OVER (UNDER) EXPENDITURES 573,081 647 132,065 23,370 DEBT SERVICE (I &S) REVENUES 2,120,867 2,116,409 ADOPTED ACTUAL BUDGETED 1 PROJECTED 1 BUDGET 2007 -2008 2008 -2009 2008 -2009 2009 -2010 56,450 163,813 128,600 CAPITAL PROJECTS REVENUES 7,636,252 6,471,362 6,027,649 6,411,914 6,722,376 6,322,297 5,829,730 6,397,346 913,876 149,065 197,918 14,568 4,648,829 3,895,993 4,538,300 5,560,932 4,075,748 3,895,346 4,406,235 5,537,562 183,100 611,000 NET REVENUES OVER (UNDER) EXPENDITURES 573,081 647 132,065 23,370 DEBT SERVICE (I &S) REVENUES 2,120,867 2,116,409 2,231,350 2,209,934 EXPENDITURES 2,080,369 2,059,959 2,067,537 2,081,334 NET REVENUES OVER (UNDER) EXPENDITURES 40,498 56,450 163,813 128,600 CAPITAL PROJECTS REVENUES 688,526 220,000 13,691,830 297,000 a EXPENDITURES 1,615,896 802,075 2,234,425 96,885 NET REVENUES OVER (UNDER) EXPENDITURES (927,370) (582,075) 11,457,405 200,115 a PARKS REVENUES 457,004 537,000 288,110 228,000 EXPENDITURES 183,100 611,000 NET REVENUES OVER (UNDER) EXPENDITURES 457,004 537,000 105,010 (383,000) # IMPACT FEES REVENUES 1,653,973 856,000 529,600 675,000 ' EXPENDITURES 228,437 195,049 422,750 250,000 NET REVENUES OVER (UNDER) EXPENDITURES 1,425,536 660,951 106,850 425,000 INTERNAL SERVICE REVENUES 8,100 33,480 70,400 71,510 EXPENDITURES 4,050 33,480 42,000 50,000 NET REVENUES OVER (UNDER) EXPENDITURES 4,050 0 28,400 21,510 SPECIAL REVENUE REVENUES 812,003 48,500 365,700 61,200 EXPENDITURES 52,703 26,000 68,410 60,000 NET REVENUES OVER (UNDER) EXPENDITURES 759,300 22,500 297,290 1,200 STORM DRAINAGE REVENUES 75,500 EXPENDITURES 60,000 NET REVENUES OVER (UNDER) EXPENDITURES 15,500 Fiscal Year 2009 -2010 31 Adopted Budget FUND BALANCE AND RESERVE POSITIONING ACTUAL FUND 1ACCOUNT'IYPE 007 -2008 I BUDGETED 82009 PROJECTED 2 08- 009 I ADOPTED 200 20 0 REVENUES Property Tax Sales Tax Franchise Tax Licenses, Fees, and Permits Charges for Services Grants Investment income Fines, Warrants and Seizures Contributions Miscellaneous EXPENDITURES 2,319,049 1,287,511 340,714 1,193,843 160,948 130,000 117,298 234,746 TOTAL REVENUES $ 5,848,471 $ General Government Police Department Dispatch Court Fire Department Fire Marshall Streets Parks and Recreation Engineering Inspections Code Enforcement Planning Communications TOTAL EXPENDITURES $ Period Excess I (Deficit) $ OTHER FINANCING Capital Leases Proceeds Transfers (out) for Debt Service Transfers In Capital Assets Transfer for Operations TOTAL OTHER FINANCING SOURCES (USES) $ NET CHANGE IN FUND BALANCE $ BEGINNING FUND BALANCE $ ENDING FUND BALANCE $ BALANCE OF UNRESTRICTED FUNDS $ Less: 25% Reserve (90 Days) 10% Contingency per Charter (36 Days) AMOUNT OVER (UNDER) MINIMUM RESERVE TARGET AMOUNT OVER (UNDER) IN DAYS OPERATING COST Fiscal Year 2009 -2010 32 $ 903,491 937,327 183,982 1,243,116 351,841 96,779 142,297 401,317 316,843 11,198 2,107,777 6,695,968 $ (847,497) $ 14,005 (18,308) 1,773,776 (8,100) 1,761,373 $ 913,876 $ 3,093,165 $ 4,007,041 $ 4,007,041 $ 1,673,992 669,597 1,663,452 $ 89 2,884,060 1,103,045 299,494 1,055,785 159,700 358,051 100,200 205,375 106,150 6,271,860 $ 895,438 1,225,044 206,716 2,023,059 298,482 260,483 175,926 613,774 385,540 209,620 6,294,082 $ 3,021,750 1,053,500 327,000 512,237 156,610 358,052 87,075 205,600 91,755 5,813,579 $ 925,271 1,088,404 211,645 1,895,685 273,995 230,940 142,362 467,167 381,231 184,815 5,801,515 $ (22,222) $ 12,064 $ 14,568 199,502 199,502 3,227,903 1,103,500 330,100 565,050 185,050 320,070 56,000 222,500 6,054,223 1,136,893 976,465 366,135 228,510 1,790,024 109,450 276,530 423,732 133,440 384,897 131,610 295,380 114,040 6,367,106 (312,883) 14,568 343,123 171,287 $ 185,855 $ 327,451 149,065 $ 197,918 $ 14,568 4,007,041 $ 4,007,041 $ 4,204,959 4,156,106 $ 4,204,959 $ 4,219,527 4,156,106 $ 4,204,959 $ 4,219,527 1,573,521 1,450,379 1,591,777 629,408 580,152 636,711 1,953,177 $ 2,174,429 $ 1,991,040 112 135 113 Adapted Budget NET ASSETS AND RESERVE POSITIONING FUND ACCOUNT TYPE ACTUAL 1 2007 -2008 BUDGETED 1 2008 -2009 PROJECTED 1 2008 -2009 ADOPTED BUDGET 1 2009 -2010 REVENUES- Operating Water and Sewer Charges 3,706,396 3,091,500 3,750,000 4,728,682 Sanitation Charges 410,003 424,900 485,000 571,000 Water and Sewer Connections 354,016 200,000 135,000 135,000 Service Initiation Fees 36,335 14,000 27,000 18,000 Miscellaneous 33,454 72,593 76,800 46,100 Total Operating $ 4,540,204 $ 3,802,993 $ 4,473,800 $ 5,498,782 Non - Operating Interest Income 108,625 93,000 64,500 62,150 Total Non- Operating $ 108,625 $ 93,000 $ 64,500 $ 62,150 Trasfers In Operating Transfers - - Transfers in from Other Funds - - - - Total Transfers In $ - $ - $ - $ - TOTAL REVENUES $ 4,648,829 $ 3,895,993 $ 4,538,300 $ 5,560,932 EXPENSES- Operating Personnel Services 464,553 545,729 546,583 581,320 Materials and Supplies 548,064 659,285 570,793 509,788 Contractual Services 2,075,536 2,418,445 2,494,316 2,728,710 Amortization 16,547 - 17,000 - Depreciation 383,381 - 505,656 - Total Operating $ 3,488,081 $ 3,623,459 $ 4,134,348 $ 3,819,818 Non- Operating Interest Expense & Fiscal Charges 587,667 67,660 67,660 1,369,896 Total Non - Operating $ 587,667 $ 67,660 $ 67,660 $ 1,369,896 TOTAL EXPENSES Before Operating Transfers $ 4,075,745 $ 3,691,119 $ 4,202,006 $ 5,159,714 Net Income (Loss) Before Operating Transfers $ 573,081 $ 204,874 $ 336,292 $ 371,218 TRANSFERS Transfers in (out) for Debt Service 1,008,612 1,148,222 1,148,222 - Transfers Out for Internal Service 4,725 4,725 4,725 Transfers Out for General Fund 199,502 199,502 343,123 Transfers in (out) for Capital Asset,, 228,437 - - - Total Transfers $ 1,237,049 $ 943,995 $ 943,995 $ (347,848) CHANGE IN NET ASSETS BEGINNING NET ASSETS ENDING NET ASSETS 16% Minimum Target Reserve (60 Days) 2% Capital Replacement Reserve Fiscal Year 2009 -2010 $ 1,810,130 $ 1,148,869 $ 1,280,287 $ 23,370 $ 7,890,530 $ 9,700,660 $ 9,700,660 $ 10,980,947 $ 9,700,660 $ 10,849,529 $ 10,980,947 $ 11,004,317 652,120 623,255 704,998 886,010 231,902 231,902 33 Adopted Budget FUND BALANCE Fiscal Year 2009 -2010 34 Adopted Budget ADOPTED 1 ACTUAL BUDGETED 1 PROJECTED 1 BUDGET FUND ACCOUNT TYPE 2007 -2008 2008 -2009 2008 -2009 2009 -2010 REVENUES Property Tax 2,086,522 2,087,409 2,136,350 2,129,934 Investment Income 34,345 29,000 95,000 80,000 TOTAL REVENUES $ 2,120,867 $ 2,116,409 $ 2,231,350 $ 2,209,934 , EXPENDITURES Principal 399,263 445,800 445,800 480,750 Interest 481,394 461,937 461,937 1,600,584 TOTAL EXPENDITURES $ 880,657 $ 907,737 $ 907,737 $ 2,081,334 Period Excess /(Deficit) $ 1,240,210 $ 1,208,672 $ 1,323,613 $ 128,600 , OTHER FINANCING Administrative Fees - (4,000) (11,578) -' Transfers Out for Debt Service (1,199,712) (1,148,222) (1,148,222) -; TOTAL OTHER FINANCING SOURCES (USES) $ (1,199,712) $ (1,152,222) $ (1,159,800) $ -' NET CHANGE IN FUND BALANCE $ 40,498 $ 56,450 $ 163,813 $ 128,600 BEGINNING FUND BALANCE $ 581,371 $ 621,869 $ 621,869 $ 785,682 ENDING FUND BALANCE $ 621,869 $ 678,319 $ 785,682 $ 914,282 Fiscal Year 2009 -2010 34 Adopted Budget " l :'_ = FUND ACCOUNT TYPE ACTUAL 2007 -2008 BUDGETED 2008 -2009 PROJECTED 2008 -2009 ADOPTED BUDGET 1 2009 -2010 3 1 REVENUES Proceeds From Bond Issuance - 13,497,830 - Miscellaneous Bond Issuance Cost - { Grants 321,967 Due From Water & Sewer Fund - 235,000 Investment Income 315,031 220,000 194,000 62,000 TOTAL REVENUES $ 636,998 $ 220,000 $ 13,691,830 $ 297,000 EXPENDITURES General Government - - 43,625 96,885 TOTAL OTHER FINANCING SOURCES (USES) Capital Outlay $ 802,075 2,190,800 - - ` TOTAL EXPENDITURES $ - $ 802,075 $ 2,234,425 $ 96,885 Period Excess /(Deficit) $ 636,998 $ (582,075) $ 11,457,405 $ 200,115 OTHER FINANCING Bonds Issue - - M; Bond Issuance Cost Due From Water & Sewer Fund - Transfers In 51,528 Transfers Out (1,615,896) 1 TOTAL OTHER FINANCING SOURCES (USES) $ (1,564,368) $ - $ - $ - ` NET CHANGE IN FUND BALANCE $ (927,370) $ (582,075) $ 11,457,405 $ 200,115 BEGINNING FUND BALANCE $ 3,160,183 $ 2,232,813 $ 2,232,813 $ 13,690,218 ENDING FUND BALANCE $ 2,232,813 $ 1,650,738 $ 13,690,218 $ 13,890,333 -` I Fiscal Year 2009 -2010 35 Adopted Budget FUND BALANCE Fiscal Year 2009 -2010 36 Adopted Budget ADOPTED 1 ACTUAL 1 BUDGETED PROJECTED 1 1 BUDGET FUND ACCOUNT TYPE 2007 -2008 2008 -2009 2008 -2009 2009 -2010 REVENUES Park Improvement Fees 208,897 400,000 114,000 100,000 Park Dedication Fees 209,210 100,000 160,000 120,000 Park Improvement- Interest 20,202 19,000 5,810 3,000 Park Dedication- Interest 18,695 18,000 8,300 5,000 TOTAL REVENUES $ 457,004 $ 537,000 $ 288,110 $ 228,000 EXPENDITURES General - Parks Dedication - - 164,100 611,000 General - Parks Improvement - - 19,000 - TOTAL EXPENDITURES $ - $ - $ 183,100 $ 611,000 Period Excess /(Deficit) $ 457,004 $ 537,000 $ 105,010 $ (383,000) NET CHANGE IN FUND BALANCE $ 457,004 $ 537,000 $ 105,010 $ (383,000) BEGINNING FUND BALANCE $ 1,081,077 $ 1,538,081 $ 1,538,081 $ 1,643,091 ENDING FUND BALANCE $ 1,538,081 $ 2,075,081 $ 1,643,091 $ 1,260,091 Fiscal Year 2009 -2010 36 Adopted Budget FUND BALANCE FUND ACCOUNT TYPE ACTUAL 2007 -2008 BUDGETED 1 2008 -2009 PROJECTED 1 2008 -2009 ADOPTED BUDGET 1 2009 -2010 I REVENUES Impact Fees - Water 619,130 225,000 183,000 200,000 Transfers Out Impact Fees - Sewer 459,092 175,000 106,500 150,000 TOTAL OTHER FINANCING SOURCES (USES) Impact Fees - Thoroughfare 485,183 375,000 207,000 300,000 NET CHANGE IN FUND BALANCE Investment Income 90,569 81,000 33,100 25,000 BEGINNING FUND BALANCE TOTAL REVENUES $ 1,653,973 $ 856,000 $ 529,600 $ 675,000 EXPENDITURES General - Water - - - 150,000 General - Sewer 195,049 - 100,000 General - Thoroughfare - 42,650 - i Capital Outlay- Water 340,100 Capital Outlay - Sewer - Capital Outlay - Thoroughfare - - 40,000 TOTAL EXPENDITURES $ - $ 195,049 $ 422,750 $ 250,000 F Period Excess /(Deficit) $ 1,653,973 $ 660,951 $ 106,850 $ 425,000 s OTHER FINANCING Transfers In _ Transfers Out (228,437) TOTAL OTHER FINANCING SOURCES (USES) $ (228,437) $ - $ $ - NET CHANGE IN FUND BALANCE $ 1,425,536 $ 660,951 $ 106,850 $ 425,000 BEGINNING FUND BALANCE $ 2,537,119 $ 3,962,656 $ 3,962,656 $ t 4,069,506 r ENDING FUND BALANCE $ 3,962,656 $ 4,623,607 $ 4,069,506 $ 184,815 { w Fiscal Year 2009 -2010 37 Adopted Budget FUND BALANCE FUND ACCOUNT TYPE ACTUAL 2007-2008 I B 008-2 09D I PROJECTED 08- 009 ADOPTED BUDGET 1 2009-2010 REVENUES Transfers In 8,100 33,480 70,000 71,010 Investment Income - - 400 500 TOTAL REVENUES $ 8,100 $ 33,480 $ 70,400 $ 71,510 EXPENDITURES Operating Expenses 4,050 33,480 42,000 50,000 Transfers Out - - - - TOTAL EXPENDITURES $ 4,050 $ 33,480 $ 42,000 $ 50,000 Period Excess /(Deficit) $ 4,050 $ - $ 28,400 $ 21,510 NET CHANGE IN FUND BALANCE $ 4,050 $ - $ 28,400 $ 21,510 BEGINNING FUND BALANCE $ - $ 4,050 $ 4,050 $ 32,450 ENDING FUND BALANCE $ 4,050 $ 4,050 $ 32,450 $ 53,960 Fiscal Year 2009 -2010 38 Adopted Budget RJND BALANCE Period Excess / (Deficit) $ 759,301 $ 22,500 $ 313,599 $ 1,200 NET CHANGE IN FUND BALANCE $ 759,301 $ 22,500 $ 313,599 ADOPTED IFUND BEGINNING FUND BALANCE $ ACTUAL BUDGETED PROJECTED BUDGET $ 1,744,921 ACCOUNT TYPE 2007-2008 2098-2009 2008-2009 2009-2010 1,744,921 $ 1,746,121 i IREVENUES Police Donations 14,071 12,000 15,396 15,000 Fire Donations 14,446 12,000 14,036 12,000 Health & Safety Fair Donations 6,823 4,000 - 2,000 Child Safety Donations 3,458 2,500 3,523 3,000 Court Security Revenue 3,518 2,500 3,585 2,900 Court Technology Revenue 4,462 3,000 4,734 3,800 Escrow Income 749,862 - 321,217 - Country Christmas Revenues 12,250 10,000 29,549 20,000 Cash Seizures 1,114 500 - 500 Grants 2,000 2,000 2,000 2,000 TOTAL REVENUES $ 812,003 $ 48,500 $ 394,041 $ 61,200 EXPENDITURES General Government 52,703 26,000 80,442 60,000 TOTAL EXPENDITURES $ 52,703 $ 26,000 $ 80,442 $ 60,000 Period Excess / (Deficit) $ 759,301 $ 22,500 $ 313,599 $ 1,200 NET CHANGE IN FUND BALANCE $ 759,301 $ 22,500 $ 313,599 $ 1,200 BEGINNING FUND BALANCE $ 672,021 $ 1,431,322 $ 1,431,322 $ 1,744,921 ENDING FUND BALANCE $ 1,431,322 $ 1,453,822 $ 1,744,921 $ 1,746,121 Fiscal Year 2009-2010 39 Adopted Budget FUND BALANCE FUND ACCOUNT TYPE ACTUAL 1 2007 -2008 BUDGETED 1 2008 -2009 PROJECTED 1 2008 -2009 ADOPTED BUDGET 1 2009 -2010 REVENUES Transfers In 75,000 Investment Income - - - 500 TOTAL REVENUES $ - $ - $ - $ 75,500 EXPENDITURES Operating Expenses 0 0 0 60,000 Transfers Out - - - - TOTAL EXPENDITURES $ - $ - $ - $ 60,000 Period Excess / (Deficit) $ - $ - $ - $ 15,500 NET CHANGE IN FUND BALANCE $ - $ - $ - $ 15,500 BEGINNING FUND BALANCE $ - $ - $ - $ - ENDING FUND BALANCE $ - $ - $ - $ 15,500 Fiscal Year 2009 -2010 40 Adopted Budget FUND BALANCE EXPENDITURES General NET CHANGE IN FUND BALANCE BEGINNING FUND BALANCE ENDING FUND BALANCE TOTAL REVENUES $ 470,548 $ 396,667 $ 360,384 $ ADOPTED penses 709,103 ACTUAL 1 BUDGETED 1 PROJECTED 1 BUDGET f FUNI) ACCOUNT TYPE 709,103 2007 -2008 2008 -2009 2008 -2009 2009 -2010 Period Excess/ (Deficit) $ (238,555) $ 59,852 $ 197,842 $ 45,210 REVENUES Sales Tax 427,849 366,667 348,334 346,000 Investment Income 42,699 30,000 12,000 24,000 Other Income 0 0 50 0 EXPENDITURES General NET CHANGE IN FUND BALANCE BEGINNING FUND BALANCE ENDING FUND BALANCE TOTAL REVENUES $ 470,548 $ 396,667 $ 360,384 $ 370,000 penses 709,103 336,815 162,542 324,790 TOTAL EXPENDITURES $ 709,103 $ 336,815 $ 162,542 $ 324,790 Period Excess/ (Deficit) $ (238,555) $ 59,852 $ 197,842 $ 45,210 $ (238,555) $ 59,852 $ 197,842 $ 45,210 $ 1,408,116 $ 1,169,561 $ 1,169,561 $ 1,367,403 $ 1,169,561 $ 1,229,413 $ 1,367,403 $ 1,412,613 Fiscal Year 2009 -2010 41 Adopted Budget Fiscal Year 2009 -2010 42 Adopted Budget P11OWN OF SPE Prosper is a place where everyone matters. REVENUE PROJECTIONS • General Fund Projected Revenue Sources Property Valuations & Ad Valorem Taxes Property Tax Rate .Distribution Sales Tax Water & Sewer Fund Revenue Outlook Other Town Funds Estimated Revenues "Building community ..." FISCAL YEAR 2009 -2010 ADOPTED BUDGET Revenue Category Property Tax 'Sales Tax License, Fees & Permits Franchise Fees Transfers In Grants Fines & Warrants .Charges for Services Investment Income :Miscellaneous Revenue Total FY 2010 Adopted % of Total $3,227,903 50.5% $1,103,500 17.2% $565,050 8.8% $330,100 5.2% $343,123 5.4% $320,070 5.0% $222,500 3.5% $185,050 2.9% $56,000 0.9% $44,050 0.7% $6,397,346 100.0% Transfers In, $343,123 Other Sources, ,5% $507,600, 8% Franchise Fees, Grants, $320,070, 5% $330,100, 5% License, Fees & Permits, $565,050, 9% ales Tax, 1 $1,103,500, 17% Fiscal Year 2009-2010 Property Tax, $3,227,903, 51% 45 Adopted Budget $1,200,000 $400,000 Certified Net Assessed Taxable Increased 3.77% fExisting Property Values Decreased 2.11 % Overall I New Construction Totaled $ 59.8 Million rFreeze Adjusted Valuations increased 1.5% from Collin CAD and 51.9% from Denton CAD i Ad Valorem Taxes a ry Total Freeze Adjusted Taxable Value $961,135,664 a G F Times Tax Rate (Per $100) 0.52 Times Anticipated Tax Collections 100% Plus Actual Tax on Freeze $255,940.00 TOTAL TAX LEVY $5,253,845 One Penny on the Tax Rate $96,113 Fiscal Year 2009 -2010 46 Adopted Budget $342,977 5344'4 8 $350,000 $1,000,000 - $315,308 $300,000 ► $800,000 279 468 .�;m.- .' 55,321 $2 $250,000 !: $242,304 9 �. 0 $600,000 $226,500 t' $200,000 ` $98,986 $1 Q15,915 $150,000 $400,000 — $90,120 — Rk $69,039 i $100,000 i $200,000 — $ 6,296 — $ 219,864 $ 56,199 $412,600 $50,000 I f. I i 2002 2003 2004 2005 2006 2007 2008 2009 f k Certified Net Assessed Taxable Valuations Avg Home Taxable Value 4• Source: Collin County Certified Tax Rolls 2002 -2009 Certified Net Assessed Taxable Increased 3.77% fExisting Property Values Decreased 2.11 % Overall I New Construction Totaled $ 59.8 Million rFreeze Adjusted Valuations increased 1.5% from Collin CAD and 51.9% from Denton CAD i Ad Valorem Taxes a ry Total Freeze Adjusted Taxable Value $961,135,664 a G F Times Tax Rate (Per $100) 0.52 Times Anticipated Tax Collections 100% Plus Actual Tax on Freeze $255,940.00 TOTAL TAX LEVY $5,253,845 One Penny on the Tax Rate $96,113 Fiscal Year 2009 -2010 46 Adopted Budget Fiscal Year 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 2008-09 2009-10 General Fund 0.244698 0.218440 0.188440 0.184549 0.184549 0.275075 0.305011 0.314084 I & S Fund 40% I & S Fund 0.115302 0.105660 0.291260 0.220836 0.314268 0.244925 0.214989 0.205916 Total 0.360000 0.324100 0.479700 0.405385 0.498817 0.520000 0.520000 0.520000 0.0 0.1 Tax Rate Distribution FY 2009-2010 General Fund t -- I & S Fund FY 2008-2009 I & S Fund 41% General Fund 59% FY 2007-2008 I&S Fund 47% OrAO (General Fund 53% eral Fund 60% FY 2006-2007 0.6 I&S Fund 63% General Fund 37% Fiscal Year 2009-2010 47 Adopted Budget $2,500 $2,000 $502 $469 $1,500 . —. __: — E ' - $428 $402 N $358 $346 $323 f In $1,000 — — — — — — - EDC ►�- $228 $1,507 $1, 406 Sales $178 $187 $1,20 $1;284 Tax $500 $158 _ 7 _ — �- $9,0 - $1,03 $1 104 $55 4713 $535 $683 $562 ?Town es $16 $166 $51 $65 -,- -, Tax T- 0 0 y03e 0. C0h��CP 0 oO ti y tiIZ y <k �J Q, 0J' Source: The Texas State Comptrollers Website Notes: The Town Sales Tax Includes $0.005 for Property Tax Relief Prosper received a significant one -time, multi -year audit payment from the State skewing the FY 2008 total. If removed receipts would have totaled $1.056 Million for the Town and $352 Thousand for the EDC. Sales taxes contribute approximately 17.2% 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. Town Sales tax revenues are primarily generated within four areas of business. The business types are categorized according to the North American Industry Classification System ( "NAICS "). The Town receives some revenues, even though many are small denominations, from over three hundred NAICS codes or business types. The top four contributing NAICS classifications in Prosper (in no particular order) are Landscaping Services, Home Centers, Ready -Mix Concrete Manufacturing and Electric Power Distribution. Sales in these top four account for over 50% of the Town's Sales Tax Receipts. Two of the four are directly and another one is indirectly tied to the construction industry. This will be closely monitored in FY 2010 since the construction industry often lags the market. Fiscal Year 2009 -2010 48 Adopted Budget Revenue Category Water Charges Sewer Charges Solid Waste Charges Investment Income Tap & Construction Penalties License, Fees & Permits Miscellaneous Revenue Total Investment Income, $135,000, 3% Solid Waste Charges, ' l I $571,000 , 10� FY 2010 Adopted $3,339,102 $1,389,580 $571,000 $135,000 $62,150 $30,000 $19,100 $15,000 $5,560,932 Other Sources, $126,250, 2% Yo of Total 60.0% 25.0% 10.3% 2.4% 1.1% 0.5% 0.3% 0.3% 100.0% Water Charges, $3,339,102, 60% Sewer Charges, $1,389,580, 25% Fiscal Year 2009 -2010 49 Adopted Budget Revenue Category Debt Service Capital Projects Parks Impact Fees Internal Service Special Revenue Storm Drainage EDC Property Tax 2,129,934 - - - - - - Fees & Sales Tax - - - - - - - 346,000 Investement Income 80,000 62,000 8,000 25,000 500 - 500 24,000 License, Fees & Permits - - 220,000 - - 6,700 75,000 Impact Fees - - - 650,000 - - - - Contributions - - - - - 52,500 - Escrow Income - - - - - - Grants/ Reimbursements 1 -1 235,000 - - 2,000 - - Transfers In -1 - - 71,010 - - - Fund Total Revenues 2,209,934 297,000 2281000 675,000 71,510 61,200 75,500 370,000 Debt Service Investement Income I4% Property Tax 96% Parks Investement Income License, Fees & Permits 96% License, Fees & Special Revenue Permits 11 %-1 Grants/ Reimb. Contribution 3% 66% Capital Projects Impact Fees Investement Income 4% 1 Impact Fees -� 1 96% Storm Drainage Investement Income 1% License, Fees & Permits 99% Internal Service Investement EDC Income I6% Sales Tax 94% Fiscal Year 2009 -2010 50 Adopted Budget PISPOEI;R O W N Prosper is a place where everyone matters. In � 1tt.1t � • General Fund Total Appropriations General Fund Departmental Appropriations Water & Sewer Fund Appropriations Water & Sewer Fund Departmental Appropriations EDC Fund Departmental Appropriations "Building community..." FISCAL YEAR zooy -aolo ADOPTED BUDGET b APPROPRIATIONS FY 2009 FY 2009 FY 2009 FY 2010 FY 2007 FY 2008 ADOPTED AMENDED PROJECTED ADOPTED :CATEGORY ACTUAL ACTUAL BUDGET BUDGET ACTUAL BUDGET €Personnel 2,304,472 3,058,720 4,119,605 4,119,605 3,837,313 4,321,324 i d Materials & Supplies 252,373 193,104 338,809 338,809 288,558 311,480 ?Town Services &Maintenance 227,794 270,382 415,352 415,352 299,193 405,005 Contractual /Professional Services 718,849 1,153,726 1,210,696 1,210,696 1,114,441 1,214,257 } Capital 139,447 334,001 209,620 209,620 215,301 115,040 Y, Interfund Transfers 8,100 28,215 28,215 28,215 30,240 }' TOTAL $ 3,642,935 $ 5,018,033 $ 6,322,297 $ 6,322,297 $ 5,783,021 $ 6,397,346; i. I Interfund Transfers $7,000 w Capital $6,000 , $5,000] ¢ Contractual/Professional r I S Services $4,000 (, Town Services & $3,000 ' ' r Maintenance Materials & Supplies $2,000 - $.,: - "' fir: Personnel $1,000 l $0 Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED... I , , I INCREASE (DECREASE) IN EACH CATEGORY OVER TIME Fiscal Year 2009 -2010 53 Adopted Budget — - - - 248% 250% 1 l c 200% W_ 150% 4) 100% ° .0 60/ v 50% 33% — 49% 25% -- — 35% — -- — ai u iy 13% 8% 19% 11 9% io ° 7/° 15% 11% -0y. a 0% - - - -- r T— - t �— — '23'Y — — -- -- - 36 -50% Personnel Materials & Town Serv. & Contract. /Pro. Capital Interfund Total Change Supp. Maint. Services Transfers FY07 Actual to FY08 Actual FY08 Actual to FY09 Projection FY09 Projection to FY10 Budget Fiscal Year 2009 -2010 53 Adopted Budget 'Department FY 2010 Adopted % of Total ,Administration $1,075,13-3 16.81% Code Enforcement $131,610 2.1% Dispatch $366,135 5.7% 'Engineering $133,440 2.1% Fire $1,832,874 28.7% Fire Marshall $109,450 1.7% Inspections $384,897 6.0% Library $94,000 1.5% Municipal Court $228,510 3.6% Parks $426,732 6.7% Planning $295,380 4.6% Police $1,042,655 16.3% Streets $276,530 4.3% Revenue Total $6,397,346 100.0% Inspection 6.0% Parks 6.7% Fiscal Year 2009-2010 Engineering 2.1% Municipal Court Code Enforcement 3.6% 2.1% Planning Streets re Marshall Dispatch 4.6% 4.3% 1.7% 5.7% Library 1.5% Fire 28.7% Police 16.3% 54 Administration 16.8% Adopted Budget APPROPRIATIONS FY 2009 FY 2009 FY 2009 FY 2010 FY 2007 FY 2008 ADOPTED AMENDED PROJECTED ADOPTED CATEGORY ACTUAL ACTUAL BUDGFT BUDGET ACTUAL BUDGET Personnel 449,829 546,041 511,150 511,150 521,108 606,618 Materials & Supplies 18,601 13,722 23,295 23,295 19,068 20,370 Town Services & Maintenance 25,095 34,801 55,800 55,800 56,444 96,185; z. Contractual/Professional Services 224,302 309,071 305,193 305,193 342,679 319,720 Capital 1,268 2,112 5,000 5,000 5,861 2,000 Interfund Transfers 8,100 28,215 28,215 28,215 30,240 TOTAL $ 719,095 $ 913,847 $ 928,653 $ 928,653 $ 973,375 $ 1,075,133 �± r' Interfund Transfers $1,200 � f Capital $1,000 1 ; : p MW Contractual/Professional $800 Services Town Services & $600 ; 1 Maintenance = 55 $400 Materials & Supplies $200 Personnel $0 t Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED.. G. PERSONNEL FULL TIME POSITIONS (FIE) Assistant to the Town Manager Comptroller Finance Director Receptionist/Utility Billing Clerk Town Manager Town Secretary FY 2008 ADOPTED 1 1 1 0.25 1 1 ADDED OR I DEPARTMENT FY 2009 REMOVED IN REQUEST TO DOPTED I FY 2009 ADD/REMOVE FY 2010 1 1 1 1 1 1 1 1 1 0.25 0.25 0.25 1 1 1 1 1 1 TOTAL 5.25 5.25 0.00 0.00 * Position serves both Administration and Utility Billing functions in Town Hall Front Office - Funded 75% in Utilities 5.25 5.25 Fiscal Year 2009 -2010 55 Adopted Budget CATEGORY FY 2007 ACTUAL FY 2008 ACTUAL I FY 2009 ADOPTED BUDGET FY 2009 AMENDED BUDGET 1 FY 2009 PROJECTED ACTUAL FY 2010 ADOPTED BUDGET Personnel 543,293 641,884 862,073 862,073 757,185 787,275 Materials & Supplies 35,238 24,969 54,123 54,123 38,230 35,200 Town Services & Maintenance 72,104 88,213 113,000 113,000 73,145 88,800 Contractual/Professional Services 169,117 187,714 195,848 195,848 188,533 65,190 Capital 93,377 55,596 160,512 160,512 167,218 66,190 TOTAL $ 913.129 998.376 $ 1.385.556 $ 1-385.556 1.224.311 S 1-042-6194; Capital $1,400 J' ------ $1,200 Contractual/Professional r NOR Services $1,000 i mod; Town Services& $800 Maintenance $600 Materials & Supplies $400 Personnel $200 $0 Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED... AMENDED.- PROJECTED ACTUAL ADOPTED... PERSONNEL Fy 2009 1 2009 N M POSITION TITLE ADOPTED I ADOPTED FY ADD/REMOVE PROPOSED I ADOPTED FULL TIME POSITIONS (FIE) Captain 1 1 1 1 Chief I I I I Dispatch Supervisor Executive Assistant Police Officer 7 7 -1 6 6 Sergeant 1 1 1 2 2 TOTAL 11 12 0 -2 10 Position added to facilitate transition into dispatch operations and transferred to Dispatch Dept (25) once created Position left vacant anticipating additional staffing required with Dispatch and the position is not funded for FY10 Position reclassified from Police Of ,flcer to Sergeant Fiscal Year 2009-2010 10 56 Adopted Budget APPROPRIATIONS CATEGORY Personnel Materials & Supplies Town Services & Maintenance Contractual/Professional Services Capital TOTAL FY 2009 FY 2009 FY 2009 FY 2010 FY 2007 FY 2008 ADOPTED AMENDED PROJECTED ADOPTED ACTUAL ACTUAL BUDGET BUDGET ACTUAL BUDGET 301,185 11,950 9,000 44,000 Capital $400 ' f $350 Contractual/Professional $300 Services FY 2008 I $250 Town Services & Maintenance J,1 $200 Materials & Supplies $150 J FY 2010 $100 ^ J Personnel $50 ' 1 FY 2009 $0 i PROPOSED Thousands ERSONNEL t FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED... i Fiscal Year 2009 -2010 57 Adopted Budget ADDED OR DEPARTMENT FY 2008 I FY 2009 REMOVED IN I REQUEST TO I FY 2010 POSITION TITLE ADOPTED ADOPTED FY 2009 ADD /REMOVE PROPOSED ADOPTED FULL TIME POSITIONS (FIE) I Dispatch Supervisor * 1 1 1 Dispatcher 5 5 5 TOTAL 0 0 0 6 6 6 i * Position transferred from Police Dept (20) when Dispatch Department Created Fiscal Year 2009 -2010 57 Adopted Budget APPROPRIATIONS Personnel Materials & Supplies Town Services & Maintenance Contractual/Professional Services Capital FY 2007 ACTUAL 735,435 101,208 104,507 55,899 17,537 FY 2008 ACTUAL 987,214 85,955 107,163 68,015 FY 2009 FY 2009 FY 2009 FY 2010 ADOPTED AMENDED PROJECTED ADOPTED BUDGET BUDGET ACTUAL BUDGET 1,653,812 1,653, 812 1,616,562 1,476,179 121,161 121,161 95,304 109,700 164,136 164,136 124,874 139,345 83,950 83,950 59,600 64,800 15,400 15,400 8,323 42,850 2 038 459 $ 2 038 459 $ 1,904,663 $ 1,832,874 TOTAL $ 1,014,586 $ 1,454,809 $ , * This department previously included Fire Marshal, which has been budgeted separately for FY 2010. i Capital $2,500 - r' ADDED OR DEPARTMENT — FY 2008 FY 2009 REMOVED IN $2,000 FY 2010 ADOPTED ADOPTED ADD/REMOVE Contractual/Professional ADOPTED 3 Services 3 3 9 15 15 $1,500 1 -1 1 1 c- Town Services & 1 1 Maintenance K' A $1,000 - t Materials & Supplies j $500 Personnel Thousands FY 2007 FY 2008 FY 2008 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED.. PERSONNEL POSITION TITLE FULL TIME POSITIONS (FIE) Captain Firefighter/Paramedic Fire Marshal * PART TIME POSITIONS Chief TOTAL 14 20 * Position transferred to nelwy created Fire Marshal Dept (35) Fiscal Year 2009 -2010 0 1 Adopted Budget ADDED OR DEPARTMENT FY 2008 FY 2009 REMOVED IN REQUEST TO FY 2010 ADOPTED ADOPTED FY 2009 ADD/REMOVE PROPOSED ADOPTED 3 3 3 3 9 15 15 15 1 1 -1 1 1 1 1 TOTAL 14 20 * Position transferred to nelwy created Fire Marshal Dept (35) Fiscal Year 2009 -2010 0 1 Adopted Budget FY 2009 FY 2009 Y 2009 FY 20" FY 2007 FY 2008 ADOPTED AMENDED PROJECTED ADOPTED CATEGORY ACTUAL ACTUAL BUDGET BUDGET ACTUAL Personnel 96,740 Materials & Supplies 3,460 Town Services & Maintenance 6,950 ,.Contractual/Professional Services 2,300 t. Capital TOTAL $ - $ . $ - $ - $ This department along with its budget and expenditures were included in the Fire Department prior to FY 2010. Capital $110 $108 ContractuaL(Professional Services $106 $104 Town Services & Maintenance $102 $100 Materials & Supplies $98 $96 Personnel $94 $92 $go 4 Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED.. AMENDED... PROJECTED ACTUAL ADOPTED, . PERSONNEL "Dr' 1 OR I DEPARTMENT 'D FY 2008 FY 2009 1 REMOVED IN I REQUEST TO FY 2010 POSITION TITLE A ADOPTED FY 2009 ADDIREMOVF PROPOSED ADOPTED FULL TIME POSITIONS (FIE) Fire Marshal * TOTAL 0 0 0 Position transferred from Fire Dept (30) when Fire Marshal Department Created Fiscal Year 2009-2010 59 Adopted Budget APPROPRIATIONS CATEGORY FY 2007 ACTUAL FY 2008 ACTUAL FY 2009 ADOPTED BUDGET FY 2009 AMENDED I BUDGET FY 2009 PROJECTED ACTUAL FY 2010 ADOPTED BUDGET Personnel 82,071 96,210 102,170 102,170 98,940 107,650 Materials & Supplies 27,505 35,839 77,430 77,430 69,405 71,480 Town Services & Maintenance 2,934 7,514 18,632 18,632 6,105 10,240 Contractual/Professional Services 64,517 212,278 100,250 100,250 100,617 87,160 Capital 48,268 11,200 11,200 8,106 TOTAL $ 177,027 $ 400,109 $ 309,682 $ 309,682 $ 283,173 $ 276,530 Capital I $450 f ?Y. s1 ADDED OR REMOVED IN FY 2009 $400 rf PROPOSED I FY 2010 ADOPTED ContractuaMofessional r $350 4, Services $300 FY 2009 L Town Services & Maintenance $250 PROJECTED ACTUAL ADOPTED... $200 = `_ 1 Materials & Supplies $150 ? 1 $100 J 1_ 1 Personnel $50 ° 0 $0 { _- 2_ Thousands FY 2007 FY 2008 FY 2009 ACTUAL ACTUAL ADOPTED... PERSONNEL POSITION TITLE s f ?Y. s1 ADDED OR REMOVED IN FY 2009 DEPARTMENT REQUEST TO ADD/REMOVE PROPOSED I FY 2010 ADOPTED FULL TIME POSITIONS (FTE) 4, FY 2009 FY 2009 FY 2010, AMENDED... PROJECTED ACTUAL ADOPTED... POSITION TITLE FY 2008 ADOPTED FY 2009 I ADOPTED ADDED OR REMOVED IN FY 2009 DEPARTMENT REQUEST TO ADD/REMOVE PROPOSED I FY 2010 ADOPTED FULL TIME POSITIONS (FTE) Maintenance Worker 1 1 1 1 Street Superintendent 1 1 1 1 TOTAL 2 2 0 0 2 _ _- 2_ L.,... .s.. _- -...... e...... a. a., a... m..... s.....,-_ �.. .»�._..,-- ...�...__.,.......... _...... .._.....- ...._..«.._ W.-.._._.._.. e......_... .,.,..._E.....J.....,_...�_.... _...._ . _.. e __.._._.... �.•,-..« �...:.... �,._..:.....,.. ��sd�. o.- .._......+.,..........m.e.�... Fiscal Year 2009 -2010 60 Adopted Budget APPROPRIATIONS CATEGORY FY 2007 ACTUAL FY 2008 I ACTUAL FY 2009 ADOPTED I BUDGET FY 2009 I AMENDED BUDGET FY 2009 PROJECTED I ACTUAL FY 2010 ADOPTED BUDGET t Personnel 10,797 Materials & Supplies 24,483 Town Services & Maintenance 7,000 Contractual/Professional Services 50,720 f 1,000 Capital f PERSONNEL TOTAL $ - $ - $ - a yv,vvu l * This is the first year to fund the Library as a standalone function and appropriate a departmental budget { $100 -f ADDED OR d Capital k FY 2008 FY 2009 REMOVED IN $80 Contractual/Professional POSITION TITLE ADOPTED Services $70 ADDIREMOVE PROPOSED $60 Town Services & Maintenance $50 Materials & Supplies $40 $30 Library Assistant Personnel $20 1 $10 TOTAL 0 $0 f 2 Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED... AMENDED.. PROJECTED ACTUAL ADOPTED.. i PERSONNEL ADDED OR DEPARTMENT k FY 2008 FY 2009 REMOVED IN REQUEST TO FY 2010 POSITION TITLE ADOPTED ADOPTED FY 2009 ADDIREMOVE PROPOSED ADOPTED PART TIME POSITIONS I Library Assistant 2 2 TOTAL 0 0 0 0 2 2 Fiscal Year 2009 -2010 61 Adopted Budget APPROPRIATIONS CATEGORY FY 2007 ACTUAL FY 2008 ACTUAL FY 2009 ADOPTED I BUDGET FY 2009 AMENDED BUDGET FY 2009 PROJECTED ACTUAL FY 2010 ADOPTED BUDGET Personnel 25,961 54,412 90,501 90,501 77,325 217,285 Materials & Supplies 10,447 7,034 22,550 22,550 16,717 6,150 Town Services & Maintenance 2,756 8,730 10,632 10,632 6,703 8,025 Contractual/Professional Services 20,536 26,426 136,800 136,800 58,223 192,272 Capital 556 19,023 17,000 17,000 22,451 3,000 TOTAL $ 60,256 $ 115,625 $ 277,483 $ 277,483 $ 181,419 $ 426,732 PERSONNEL POSITION TITLE FY 2008 ADOPTED FY 2009 I ADOPTED ADDED OR REMOVED IN FY 2009 I DEPARTMENT REQUEST TO ADD /REMOVE r- Capital $450 FY 2010 ADOPTED FULL TIME POSITIONS (FTE) $400 J Maintenance Worker 2 Contractual/Professional $350 2 2 Parks Supervisor Services 1 1 1 $300 -- � J,t' Town Services & Maintenance $250 TOTAL 2 2 0 1 ` 4 * Position transferred from Planning Dept (90) once assigned to oversee Parks - WZ $200 � a Materials & Supplies 150 - $100: Personnel $50 1 $0 Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED... PERSONNEL POSITION TITLE FY 2008 ADOPTED FY 2009 I ADOPTED ADDED OR REMOVED IN FY 2009 I DEPARTMENT REQUEST TO ADD /REMOVE PROPOSED FY 2010 ADOPTED FULL TIME POSITIONS (FTE) Maintenance Worker 2 2 2 2 Parks Supervisor 1 1 1 Senior Planner * 1 1 TOTAL 2 2 0 1 4 4 * Position transferred from Planning Dept (90) once assigned to oversee Parks Fiscal Year 2009 -2010 62 Adopted Budget APPROPRIATIONS CATEGORY FY 2007 ACTUAL FY 2008 ACTUAL FY 2009 ADOPTED BUDGET FY 2009 AMENDED BUDGET FY 2009 PROJECTED ACTUAL FY 2010 ADOPTED BUDGET Personnel 58,501 61,539 65,961 65,961 64,847 66,530 Materials & Supplies 2,896 3,584 7,000 7,000 4,072 5,835 Town Services & Maintenance 527 150 2,895 2,895 2,783 2,410 Contractual/Professional Services 62,896 118,709 130,860 130,860 142,104 153,735 Capital TOTAL $ 124,820 $ 183,982 $ 206,716 $ 206,716 $ 213,806 $ 228,510 Capital $250 — 1 Contractual/Professional $200 - Services $1 50 - Town Services & Maintenance $100 ' Materials & Supplies i $50 Personnel $0 Thousands FY 2007 ACTUAL PERSONNEL e r FY 2008 FY 2009 ACTUAL ADOPTED... 4 r I' FY 2009 FY 2009 FY 2010 t AMENDED... PROJECTED ACTUAL ADOPTED.. pp C' t' t' t ADDED OR I DEPARTMENT FY 2008 FY 2009 REMOVED IN I REQUEST TO I FY 2010 POSITION TITLE ADOPTED I ADOPTED FY 2009 1 ADD/REMOVE I PROPOSED I ADOPTED FULL TIME POSITIONS (FIE) Court Clerk 1 Municipal Court Administrator * 1 TOTAL 1 1 0 * This position was reclassified from a Clerk to an Administrator in FY 2008 -2009 Fiscal Year 2009 -2010 63 0 1 1 ..,,.�... ,,.o.._ ��..._,.____�.�_.__ -• - Adopted Budget APPROPRIATIONS CATEGORY FY 2007 ACTUAL FY 2008 ACTUAL FY 2009 ADOPTED BUDGET FY 2009 AMENDED BUDGET FY 2009 PROJECTED ACTUAL FY 2010 ADOPTED BUDGET Personnel FY 2009 332,878 403,116 511,659 511,659 372,731 332,065 Materials & Supplies FY 2009 26,529 16,586 23,300 23,300 36,704 10,482 Town Services & Maintenance 16,008 18,305 30,395 30,395 19,849 14,850 Contractual/Professional Services 42,839 51,598 48,420 48,420 41,281 27,500 Capital Building Inspector ** 25,499 2,032 -1 1 2,834 3 1 TOTAL $ 443,753 $ 491,637 $ 613,774 $ 613,774 $ 473,399 $ 384,897 f 1 1 1 Administrative Assistant 1 1 1 1 This department previously included Code Enforcement, which has been budgeted separately for FY 2010. ;- El Capital $700 i Assistant to the Building Official 1 1 1 1 TOTAL 9 9 0 -3 6 6 * Position left vacant anticipating additional staffing required with Dispatch and $600 ** Position left vacant anticipating additional staffing required with Dispatch and the position is not funded for FY10 * ** Position transferred to nelwv created Code Enforcement Dept (85) � �� - ~- ...a_....... Contractual/Professional Services $500 'iscal Year 2009 -2010 64 - - Adopted Budget Town Services &Maintenance $400 i f - $300 Materials &Supplies $200 ? sloo Personnel $0 l Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED... . PERSONNEL ADDED OR DEPARTMENT s FY 2008 FY 2009 REMOVED IN REQUEST TO FY 2010 POSITION TITLE ADOPTED ADOPTED FY 2009 ADD /REMOVE PROPOSED ADOPTED FULL TIME POSITIONS (FTE) Plumbing Inspector * 2 2 -1 1 1 Building Official 1 1 1 1 Building Inspector ** 2 2 -1 1 1 Code Enforcement Officer * ** 1 1 1 Senior Building Inspector 1 1 1 1 Administrative Assistant 1 1 1 1 TEMPORARY POSITIONS Assistant to the Building Official 1 1 1 1 TOTAL 9 9 0 -3 6 6 * Position left vacant anticipating additional staffing required with Dispatch and the position is not funded for FY10 ** Position left vacant anticipating additional staffing required with Dispatch and the position is not funded for FY10 * ** Position transferred to nelwv created Code Enforcement Dept (85) � �� - ~- ...a_....... 'iscal Year 2009 -2010 64 Adopted Budget APPROPRIATIONS CATEGORY FY 2007 ACTUAL FY 2005 I ACTUAL FY 2009 ADOPTED BUDGET FY 2009 AMENDED BUDGET FY 2009 PROJECTED ACTUAL FY 2010 ADOPTED BUDGET Personnel 58,550 Materials & Supplies 4,100 Town Services & Maintenance 9,900 -' vContractual/Professional Services 59,060 j; Capital TOTAL $ - $ - $ - $ - $ $ 131,6101 * This department along with its budget and expenditures were included in the Inspections Department prior to FY 2010. I Capital - -- — $140 = � Contractual/Professional $120 Services - - $100 ' r Town Services & Maintenance l( $80 ' r Materials &Supplies $60 -' $40 Personnel $20 +/ $o Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED... AMENDED, , PROJECTED ACTUAL ADOPTED.. i; PERSONNEL ADDED OR I DEPARTMENT FY 2008 FY 2009 REMOVED IN REQUEST TO I FY 2010 POSITION TITLE ADOPTED I ADOPTED FY 2009 ADIVREMOVE PROPOSED ADOPTED FULL TIME POSITIONS (FIE) iCode Enforcement Officer 1 1 1 TOTAL 0 0 0 1 1 1 Position transferred from Inspections Dept (80) when Code Enforcement Department Created Fiscal Year 2009 -2010 65 Adopted Budget Cva V X191 CATEGORY FY 2007 ACTUAL FY 2008 I ACTUAL I FY 2009 ADOPTED BUDGET FY 2009 AMENDED BUDGET FY 2009 PROJECTED ACTUAL FY 2010 ADOPTED BUDGET Personnel 76,504 154,510 202,648 202,648 209,684 138,800 Materials & Supplies 29,949 4,926 7,100 7,100 8,120 6,820 Town Services & Maintenance 3,863 4,503 13,932 13,932 7,340 7,750 Contractual/Professional Services 78,743 152,904 161,860 161,860 165,483 142,010 Capital 1,210 508 508 508 508 TOTAL $ 190,269 $ 317,351 386,048 $ 386,048 $ 391,135 $ 295,380 i PERSONNEL POSITION TITLE FY 2008 ADOPTED FY 2009 I ADOPTED I ADDED OR REMOVED IN FY 2009 I DEPARTMENT REQUEST TO ADD/REMOVE I PROPOSED Capital $400 Planning Tech I $350 Aw. Senior Planner 2 Contractual/Professional $300 TOTAL 3 3 0 Services $250 2 Position transferred to Parks Dept (60) to oversee Park Operations i Town Services & Maintenance $200 $150 Materials & Suppli es 0 $100 Personnel $50 $0 Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED_ i PERSONNEL POSITION TITLE FY 2008 ADOPTED FY 2009 I ADOPTED I ADDED OR REMOVED IN FY 2009 I DEPARTMENT REQUEST TO ADD/REMOVE I PROPOSED FY 2010 I ADOPTED FULL TIME POSITIONS (FTE) Planning Tech I I Senior Planner 2 2 TOTAL 3 3 0 .1 -2 2 Position transferred to Parks Dept (60) to oversee Park Operations Fiscal Year 2009-2010 66 Adopted Budget APPROPRIATIONS CATEGORY FY 2007 ACTUAL FY 2008 ACTUAL FY 2009 ADOPTED BUDGET FY 2009 AMENDED BUDGET FY 2009 PROJECTED ACTUAL FY 2010 ADOPTED BUDGET $120 I Town Services & Maintenance $100 $80 ' r. Materials & Supplies Personnel 113,794 119,631 119,631 118,931 121,650 Materials & Supplies 489 2,850 2,850 938 1,450 Town Services & Maintenance 1,003 5,930 5,930 1,950 4,550; a Contractual/Professional Services 27,011 47,515 47,515 15,921 5,790 4: Capital f TOTAL $ - $ 142,297 $ 175,926 $ 175,926 $ 137,740 $ 133,440 i Capital $180 $160 r; Contractual/Professional $140 Ji Services $120 I Town Services & Maintenance $100 $80 ' r. Materials & Supplies $60 t' $40 J Personnel $20 $0 4 Thousands FY 2007 ACTUAL PERSONNEL ADDED OR DEPARTMENT FY 2008 FY 2009 REMOVED IN REQUEST TO FY 2010 POSITION TITLE ADOPTED ADOPTED FY 2009 ADD/REMOVE PROPOSED ADOPTED FULL TIME POSITIONS (FTE) Development Services Director 1 1 1 1 TEMPORARY POSITIONS h: CIP Project Manager * 1 1 1 TOTAL 1 2 0 0 2 2 * This position was added to assist with major capital projects and reports to the Development Services Director. It is funded 100% in the Capital Projects Fund and is reported here only to illustrate the reporting relationship. Fiscal Year 2009 -2010 67 Adopted Budget - a ! ti FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED... t, ADDED OR DEPARTMENT FY 2008 FY 2009 REMOVED IN REQUEST TO FY 2010 POSITION TITLE ADOPTED ADOPTED FY 2009 ADD/REMOVE PROPOSED ADOPTED FULL TIME POSITIONS (FTE) Development Services Director 1 1 1 1 TEMPORARY POSITIONS h: CIP Project Manager * 1 1 1 TOTAL 1 2 0 0 2 2 * This position was added to assist with major capital projects and reports to the Development Services Director. It is funded 100% in the Capital Projects Fund and is reported here only to illustrate the reporting relationship. Fiscal Year 2009 -2010 67 Adopted Budget APPROPRIATIONS CATEGORY FY 2007 ACTUAL FY 2008 ACTUAL FY 2009 ADOPTED BUDGET FY 2009 AMENDED BUDGET FY 2009 PROJECTED ACTUAL FY 2010 ADOPTED BUDGET Personnel 481,841 451,837 545,729 545,729 557,927 581,320 Materials & Supplies 498,384 806,031 1,074,425 1,074,425 797,229 931,330 Town Services & Maintenance 575,331 457,855 583,775 583,775 401,660 536,768 Contractual/Professional Services 437,166 1,140,906 1,355,530 1,355,530 1,559,504 1,759,900 70%^ m _ 23% 17/0 _ 13% 17-/.'0% ,Capital 6 343,443 403,016 64,000 64,000 524,213 10,500 Bonds V 0% 67,660 67,660 67,660 1,369,896 r Interfund Transfers - -20% 12 %- 204,227 204,227 204,227 347,848 i 3 TOTAL $ 2,336,165 $ 3,259,645 $ 3,895,346 $ 3,895,346 $ 4,112,420 $ 5,537,562 I t Interfund Transfers $6,000 1 - Bonds $5,000 ( -98 - Personnel Materials & Town Serv. & Capital Capital Bonds Interfund Total Change Supp. Maint. Pro. Services Contractual/Profession $4,000 _ FY07 Actual to FY08 Actual FY08 Actual to FY09 Projection FY09 Projection to FY10 Budget al Services Town Services & $3,000 Adopted Budget a Maintenance $2,000 Materials & Supplies r j $1,000 Personnel i f[ Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED... f INCREASE (DECREASE) IN EACH CATEGORY OVER TMIE - - - - - - - -- - -- - 1925% - - - 2S0% i 200% =' 161% d m 150% 100 % 62% 70%^ m _ 23% 17/0 _ 13% 17-/.'0% 6 L V 0% - -20% 12 %- -50% x -100% i - -98 Personnel Materials & Town Serv. & Contract./ Capital Bonds Interfund Total Change Supp. Maint. Pro. Services Transfers FY07 Actual to FY08 Actual FY08 Actual to FY09 Projection FY09 Projection to FY10 Budget scal Year 2009 -2010 68 Adopted Budget Department Mater .Sewer Utility Billing ,Revenue Total Utility Billing 12.6% FY 2010 Adopted $ 3,395,123 $ 1,443,729 $ 698,710 $ 5,537,562 % of Total_ 61.3% 26.1% 12.6% 100.0% Sewer 26.1% Water 61.3% Fiscal Year 2009-2010 69 Adopted Budget CATEGORY FY 2007 ACTUAL FY 2008 ACTUAL FY 2009 ADOPTED BUDGET FY 2009 AMENDED BUDGET FY 2009 PROJECTED ACTUAL FY 2010 ADOPTED BUDGET Personnel 481,841 290,362 354,561 354,561 373,392 385,210 Materials & Supplies 498,384 790,117 1,015,925 1,015,925 781,728 870,800 Town Services & Maintenance 575,331 343,713 389,136 389,136 293,165 368,089 Contractual/Professional Services 437,166 425,524 133,200 133,200 82,302 176,560 Capital 343,443 403,016 12,000 12,000 518,078 1 Bonds 5 5_ 67,660 67,660 67,660 1,369,896 Interfund Transfers 141,105 141,105 141,105 224,568 TOTAL $ 2,336,165 $ 2,252,732 $ 2,113,587 $ 2.113.587 $ 2.257.430 3.395.123 Interfund Transfers - $3,500 ( .d Bonds $3,000 Capital $2,500 j Contractual/Professional $2,000 Services r $1,500 / Town Services & Maintenance $1,000 aj Y- Materials & Supplies ! $500 Personnel $0 Thousands FY 2007 FY 2000 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED... PERSONNEL POSITION TITLE FY PTE ADOPTED FY PTE ADOPTED I �FY 09 N REQUEST TO IDEPARTMENT1 D/REMOVE PROPOSED FY 2010 I ADOPTED FULL TIME POSITIONS (FIE) Public Works Director 1 1 1 1 Utility Crew Leader 1 1 1 1 Utility Worker 2 2 2 2 Water & Sewer Superintendent 1 1 1 1 TOTAL 5 5_ 0 0 5 5 .___- - s Fiscal Year 2009 -2010 70 Adopted Budget APPROPRIATIONS PERSONNEL FULL TIME POSITIONS (FTE) Utility Crew Leader Utility Worker TOTAL ADDED OR DEPARTMENT FY 2008 FY 2009 FY 2009 FY 2009 FY 2009 FY 2010! FY 2009 ADD/RF,MOVE FY 2007 FY 2008 ADOPTED AMENDED 1 PROJECTED 1 ADOPTED CATEGORY 1 ACTUAL* 2 ACTUAL BUDGET BUDGET ACTUAL BUDGET i; Personnel 90,844 109,318 109,318 107,000 114,585 1 { p. ;Materials & Supplies 11,190 51,750 51,750 8,211 40,430' i :Town Services &Maintenance 112,071 186,562 186,562 106,790 163,254 gg: 'Contractual/Professional Services 706,495 838,930 838,930 997,206 h 1,025,930 Capital 52,000 52,000 6,135 10,500 Bonds [nterfund Transfers 38,412 38,412 38,412 89,030 TOTAL $ $ 920,600 $ 1,276,972 $ 1,276,972 $ 1,263,754 $ 1,443,729 i' This department along with its budget and expenditures were included in the Water Department until FY 2008 6' t Interfund Transfers - - -- �i - -- E $1,600 i Bonds $1,400 Capital $1,200 i $1,000 - 1, ContractuaMofes sio nal $800 Services Town Services & Maintenance $600 - $400 1r Materials & Supplies would $200 _ . 11 Personnel $0 -- r Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL' ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED PERSONNEL FULL TIME POSITIONS (FTE) Utility Crew Leader Utility Worker TOTAL FY 2010 1 1 1 1 2 Fiscal Year 2009 -2010 71 Adopted Budget ADDED OR DEPARTMENT FY 2008 FY 2009 REMOVED IN REQUEST TO I ADOPTED ADOPTED FY 2009 ADD/RF,MOVE 1 1 1 1 2 2 0 0 FY 2010 1 1 1 1 2 Fiscal Year 2009 -2010 71 Adopted Budget APPROPRIATIONS CATEGORY FY 2007 ACTUAL* FY 2008 ACTUAL FY 2009 ADOPTED BUDGET FY 2009 AMENDED BUDGET FY 2009 PROJECTED ACTUAL FY 2010 ADOPTED BUDGET Personnel 70,631 81,850 81,850 77,535 81,525 Materials & Supplies 4,724 6,750 6,750 7,290 20,100 Town Services & Maintenance 2,071 8,077 8,077 r' -. tti, (' $700 1,705 5,425 Contractual/Professional Services 8,887 383,400 383,400 479,996 F 557,410 Capital Contractual/Professional $400 Bonds Services $300 k lnterfund Transfers 24,710 24,710 24,710 34,250 j I, TOTAL $ - $ 86,313 $ 504,787 $ 504,787 $ 591,236 $ 698,710 * This department along with its budget and expenditures were included in the Water Department until FY 2008. Interfund Transfers - - -- - -_ r' -. $700 Bonds $600 r_Capital $500 1 Contractual/Professional $400 Services $300 Town Services & Maintenance $200 = ; Materials &Supplies $100 - 5 v Personnel $0 �, # Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL' ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED... PERSONNEL FY 2010 POSITION TITLE I A OPTED I ADOPTED I FY REMOVED 009 N I ADD/REMU E I PROPOSED I ADOPTED FULL TIME POSITIONS (FTE) Receptionist/Utilty Clerk * 0.75 0.75 0.75 Utility Billing Clerk 1 1 1 TOTAL 1.75 1.75 0.00 0.00 1.75 * Position serves both Administration and Utility Billing functions in Town Hall Front Office - Funded 25% in General Fund Administration Fiscal Year 2009 -2010 0.75 1 1.75 Adopted Budget APPROPRIATIONS TOTAL $ 1 15 i laterfund Transfers ! I- FY 2009 ADOPTED FY 2009 FY 2009 FY 2009 'y 2010 FULL TIME POSITIONS (FIE) FY 2007 FY 2008 ADOPTED AMENDED I PROJECTED I At OPTED D 1 CATEGORY ACTUAL ACTUAL BUDGET BUDGET ACTUAL BUDGET $600 EDC Executive Assistant I Personnel 104,207 132,438 141,875 141,875 145,774 153,450 Materials & Supplies 1,653 8,691 8,700 8,700 3,438 7,400 Town Services & Maintenance 51,370 82,477 63,600 63,600 29,290 50,100 ContractuaVProfessional Services 16,413 47,412 72,100 72,100 52,122 63,300 Capital $300 $200 435,816 50,000 50,000 50,000 i Bonds Interfund Transfers $100 540 540 540 540 TOTAL $ 1 15 i laterfund Transfers ! I- FY 2009 ADOPTED 1 ADDED REMOVED IN FY 2009 DEPARTMENT REQUEST TO ADD/REMOVE 1 PROPOSED FY 2010 ADOPTED FULL TIME POSITIONS (FIE) $800 EDC Executive Director Bonds $700 PART TIME POSITIONS $600 EDC Executive Assistant I Capital TOTAL 2 2 0 0 2 $500 ContractuaVProfessional $400 Services Town Services & Maintenance $300 $200 Masi WNW Materials & Supplies $100 Personnel $0 Thousands FY 2007 FY 2008 FY 2009 FY 2009 FY 2009 FY 2010 ACTUAL ACTUAL ADOPTED. AMENDED— PROJECTED ACTUAL ADOPTED NWW�� POSITION TITLE FY 2008 ADOPTED FY 2009 ADOPTED 1 ADDED REMOVED IN FY 2009 DEPARTMENT REQUEST TO ADD/REMOVE 1 PROPOSED FY 2010 ADOPTED FULL TIME POSITIONS (FIE) EDC Executive Director I PART TIME POSITIONS EDC Executive Assistant I TOTAL 2 2 0 0 2 2 Fiscal Year 2009-2010 73 Adopted Budget Cf. R 42 This page was intentionally left blank. Fiscal Year 2009 -2010 74 Adopted Budget P;LFOWN OF -F ( SPER Prosper is a place where everyone matters. L L Charter Provisions on Financial Administration Outstanding Debt Schedule Notice of Effective Tax Rate jj Ordinance Approving Budget Ordinance Approving Tax Rate Ordinance Revising Water and Sewer Rates Glossary "Building community FISCAL YEAR 2009-2oiio ADOPTED BUDGET ARTICLE VII Financial Procedures SECTION 7.01 Fiscal Year The fiscal year of the Town shall begin on the first day of October and end on the last dap of September on the next succeeding }ear. Such fiscal year shall also constitute the budget and accounting) car. SECTION 7.02 Submission of Budget and Budget Message On or before the fifteenth (15`1') day of August of the fiscal year. the Town it9anager shall submit to the Toxvn Council a budget tin• the ensuing fiscal year and an accompam ing budget nnessage. SECTION 7.03 Budget Message The Town Manager's message shall explain the budget both in fiscal terns and in teens of the work- programs. It shall outline the proposed financial policies of the To-,,,7n 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 ToNA ni s debt position and include such other material as the Town Mana;,er deems desirable. SECTION 7.04 Budget a Public Record The budget and all supporting schedules shall be filed \kith the person performing the duties of Town Secretary ),then submitted to the Town Council and shall be open to public inspection bp' anyone interested. SECTION 7.0i Public Hearing on Budget At the Town Council meeting When the budget is submitted_ the T'o\\n Council shall name the date and place of a public hearing and shall have published in the official ne\Nspaper of the Town- at least mice. the time and place. v hick will be not less than ten (10) days nor more than thirty (30) days after the date of notice. 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 deleti which they feel appropriate. and shall. at least ten (10) days prior to the beginning of the next fi year, adopt the budget by the affirmative `ote of a majority of the full membership of the T( Council. Should the ToNNii Council take no final action on or prior to such day.. the current bu( 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 efTect for the budget year. Final adoption of the budge the Town Council shall constitute the official appropriations as proposed by expenditures for current pear and shall constitute the basis ol'official levy of the property tax as the amount of to be assessed and collected for the corresponding tax year. Estimated expenditures will in no ( Fiscal Year 2009 -2010 77 Adopted Budget exceed proposed revenue plus the undesignated fluid balance from the previous fiscal year. Unused appropriations may be transferred to an3 item required for the same general purpose. SECTION 7.08 Contingent Appropriation Provision shall be made in the annual budget and in the appropriation ordinance for a contingent appropriation in an amount not less than ten percent (10 %) of the total general fund expenditures, to he used in case of unforeseen items of expenditures. This contingent appropriation shall apply to current operating expenses and shall not include anN amount of reserves maintained by the Town. Such contingent appropriation shall be tinder the control of the Torn tManager and distributed by him or her only after prior appro\al by the ToN \n Council. The proceeds of the contingent appropriation shall be disbursed only by tntnsier to other departmental appropriation, the spending of \vhich shall be charged to the departments or activities for which the appropriations are made. SECTION 7.09 Amending the Budget Under conditions which ntay 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. attend or change the budget to provide for any additional expense in which the general \Nelfare 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 ToN,\m Council shall designate. The final budget shall be printed or other-v3ise reproduced and sufficient copies shall be made available for the use of' all offices. agencies. and for the use of interested persons and civic organisations. SECTION 7.11 Capital Program The Torn Manager shall submit a five -year (5 -year) capital prognam as in attachment to the annual budget. The program as submitted shall include: (1) A clear general suniniany of its contents: (2) A list of all capital improvements \Nhich are proposed to be undertaken during the five (5) fiscal Nears succeeding the budget year. Aith 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. SECTION 7.12 Defect Shall Not Invalidate the Tax Levy hr ors 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. Fiscal Year 2009 -2010 78 Adopted Budget SECTION 7.13 Lapse of Appropriations EverN 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 Nvas 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 Borrovvinl; The Town shall have the power to borrow mone} on the credit of the To\N71 and to issue or incur bonds and other evidences of indebtedness to finance public improvements or for any other public purpose not prohibited by the Constitution and the laws of the State of Texas and to issue refunding bonds to refund outstanding bonds and other evidences of indebtedness of the Town previously issued. All such bonds and other evidences of indebtedness shall be issued in conformity N�ith the laws of the State of Texas and may be secured by or paid. in \\hole 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 chary =e. 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 he 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 contact for expenditure without further approval of the Town Council Jbi. Lill bud;Teted items not exceeding limits set by the Town Council within the ordinance. (2) All contracts for expenditures or purchases involving more than dte limits must be expressly approved in advance by the Town Council. All contracts or purchases invoking 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 lacy 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 la\ . Such eniergenc\ may be declared by the To\\ n Manager and approved by the Town Council or declared by the ToNAn Council. SECTION 7.16 Administration of Budget (1) No payment shall be made or obligation incurred against any allotment or appropriafion 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 Fiscal Year 2009 -2010 79 Adopted Budget thereliocn 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 remoN al of any oil icer who knowingly authorized or made such payment or incurred such payment or obligation. and the officer shall also be liable to the Town for an \• 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 oblioation. 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 Tow it Manager shall submit to the Town Council each month a report co,, Bring the revenues and expenditures of the Town in such lbrm as requested b\ 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 re- =ulations 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 1 om the Town depositories shall be prescribed by ordinance. SECTION 7.18 Independent Audit At the close of each fiscal year. ail(] at such other times as may be deemed necessary. the Town Council shall call fbi- an independent audit to be male 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 line. 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 summar\ shall be published immediately in the official newspaper of the Town and copies of the audit placed on file in the office of the person perfomling the duties of Town Secretary, as a public record. 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 al purpose not prohibited by the Constitution and laws o the State of Texas as now written or hereafter amended. (2) The Town shall have the power to grant tax exemptions in accordance w ith the laws of the State of Texas. SECTION 7.20 Office of Tax Collector There shall be an ollice of taxation to collect taxes. the head of which shall Collector. The Tow n Council may contract for such services. i i k s 6 t [r i. Fiscal Year 2009 -2010 80 Adopted Budget SECTION 7.21 Taxes; When Due and Payable (1) All taxes due in the Town shall be payable at the office of the To« n Tax Collector. or at such location or locations as may be designated by the Town Council_ and may be paid at any time aller the tax rolls for the year have been completed and approved. Taxes for each year shall be paid before February I of the nest succeeding vear. 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 To\\n Council may provide discounts for the payment of` taxes prior to January I in amount not to exceed those authorized by the law =s of the State of Texas. (21 Failure to levv and assess taxes tln-ou-h 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 pay able by recheck of the rolls and receipts for the years in question, omitting penalty and interest. SECTION 7.22 Tax Liens, Liabilities and Suits (I) All taxable property located in the Town on .January I of each Near shall stand charged from that date with a special lien in favor of the Town for the taxes due. All persons purchasing any such property on or after .January I 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 judgment for taxes without foreclosure. or to foreclose its lien or liens. or to recover both personal Judgment and foreclosure. In any such suit \\•here it appears that the description of any properly in the Town appraisal rolls is insufficient to identily 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 judgment foreclosing the tax lien or tier personal judgment against the owners for such taxes. Fiscal Year 2009 -2010 81 Adopted Budget 7n w �C N O tJ O M 00 N i R. O "C7 C CL 177 C a i; I; i Town of Prosper, Texas Summary of Outstanding Debt Current % debt position Total Tax Supported Debt Sery Total Tax Supported W!S Supported Year 1005: 0'.: 100:1 0� Total Ending Series 1996 Series 1998 Series 2001 Series 2004 Series 2006 Series 2008 Debt Service Debt Sery Debt Sery 9130 Total Total Total Total Total Total Total K,,, 60' 1997 $ 67,103.DC 40% 60% 40% 60% 40% S "07,103.00 S 67,103.00': 60% 1998 67.185.00 40% 61% I 61% 39% 87.185.00 67,185.00 62% 1999 71.085 00 S 32 197 36 62% 38% 62% 38% 103,282 36 103,282 36 1 - 2000 69.816.00 38.03250 9D% 10% 90% 10% 123,8 t 1.61 107,8 »0.50 ( S 15.963.31 2001 66,510.00 62,865.00 148.769.52, 131,375.00: 17,414.52 2002 72.037.50 61,830.00 S 104.639.79 255.921_61 203.976.16 51,945.65 2003 70.402.50 65,765.00 174,152.50 327,73452 252,849.68 74,881.85 2004 88.737.50 64.505.00 201.1)02 50 � I 477.225.63 393.282.29 1 83,(-U3,35 2005 71,900.00 63.21UG 202,77750 $ 675,880.00 1,156.9D4.22, 1.072.57313 84,331.10 2006 69.88250 i 61.897.50 203.740.00 439.200.00 ! 917.735.08 833.213.15 8»,52193 2007 72,692.50 j 65.550.00 20s. »90.00 593.200.00 i 5 705,285.00 ; 1,767.939.57 1,700,457.37 ! 67.481.70 2008 70 312 50 i 63.990 00 205 027 50 838,000 00 682.210.000 ; 1,934.606 60' 1,866,947 53 67 659.08 2009 72.740 00) 611,410 01) 200,352 50 I 871.800.00 i 914,772.50 ! 2,122.075.00 j 2,055.958 681 66.116 33 2011) 74.8 17 �r 65 -D^ "T r ; ",0 __ 5^ ,rl0� 047 .. S 28„ `nc i ?,•.. _28 I 2,:91 3341» 36? cq4 1,9 2011 71,705.00 63,922.50 200,905.00 869.600.00 947,372.50 1,197,450.00 3,350,955.00 1,997,498.15 1,353,466.85 2012 73,410.00 67.010.00 200,925.00 870,000.00 946,760.00 1,199,612.50 3,357,717.50 1,999,315.80 1,358,401.70 2013 74,772.50 64,835.00 205,612.50 869,600.00 945,297.50 1,194,906.25 3,355,023.75 1.997,366.80 1.357,656.95 2014 75,787.50 62,635.00 204,740.00 868,400.00 947,965.00 1,198,125.00 3,357,672.50 2,000,513.10 1,357,159.40 2015 71,611.25 65,410.00 203,440.00 866,400.00 944,610,00 1,198.943.75 3,350,415.00 1,997,998.98 1.352,416.03 2016 72,257.50 62,935.00 206,770.00 868,600.00 945,385.00 1,197,237.50 3,353,185.00 1,999,902.45 1,353,282.55 2017 65,460.00 209,485.00 869,056.26 945,097.50 1,198,487.50 3,287,586.26 2,002,881.88 1,284,704.38 2018 62,730.00 206,565.00 867,706.26 945,297.50 1.198,237.50 3.280,536.26 2,000,283.48 1,280,252.78 2019 208,320.00 865,293.76 948,691.26 1,195,675.00 3,217,980.02 1,999,865.33 1,218,114.69 2020 209,500.00 866,818.76 945,341.26 1,199,637.50 3,221,297.52 2,003,193.68 1,218,103.84 2021 210,000,00 867,068.76 945,591.26 1,195,725.00 3,218,385.02 2,000,222.43 1,218,162.59 2022 871,043.76 944,201.26 1,198,650.00 3,013,895.02 1,862,998.23 1.150.896.79 2023 872,575.00 945,951.26 1,198,081.25 3,016,607.51 1,863,908.23 1,152,699.28 2024 872,578.00 946.170.00 1.194,925.00 3,013,670.00 1,861,172.60 1.152,497.40 2025 944,650.00 1,197,750.00 2,142,400.00 1,531,407.00 610,993.00 2026 945,725.00 1,196,200.00 2,141,925.00 1,530,528.00 611,397.00 2027 1,196,200.00 1,196,200.00 1,076,580.00 119,620.00 2028 1,197,450.00 1,197, 450.00 1,077,705.00 119.745.00 2029 1,194,800.00 1,194,800.00 1,075,320.00 119,480.00 Totals $ 1,426,770 $ 1,222,980 $ 3,963,722 $ 16,457,418 $ 18,383,829 $ 24,037,302 5 66,189,244 $ 44816048 $ 21,373,196 Remain $ 514 361 $ 580,728 $ 2,466,940 $ 13,038,338 $ 16,081,261 $ 24,037,302 $ 56,718,929 $ 35:959:99611$ 20,758,934 Current % debt position Total Tax Supported Debt Sery W1S Supported Debt Sery 1005: 0'.: 100:1 0� 875= 13'-, II 38 ", I Its, i 807, II ZO` -J II 77?; 23 °G Ij 93` 96,2 97',. 31,.: 970m K,,, 60' 400• 60% 40% 60% 40% 60% 40% 60% 40% 60% 40% 60% 40% 61% 39% 61% 39% 62% 38% 62% 38% 62% 38% 62% 38% 62% 38% 62% 38% 71% 29% 71% 29% 9D% 10% 90% 10% 90% 10% 68% 32% 63% 37% 2009 PropertN Tax Rates in Town of Prosper Thi; uAice ccuiein� y.o.-�perr- ri. s.wc• fc•, Tc,ii of Prc-.,pT. D 1_1c' c]A zrif i n, ;'z' t;)'i rate 1: I ht a C n r-117 rlX' 1i.;Ilz "Ia l ll'cd to Jtt':I!ajle ta !-,-t T11:- t_-:hs ef�tc-':ve "I:' 1 it: -'raf I- you C,-,! I Y '-'_ t l%_-III_a':k I-i:. 'we i> the I, I r,i rite dhe 2 (:Iiir C -'&tT "ef" I I:E,:. cTS Utll M11 1 AY- '1'& 1:-I C�Cedtll es In e-1:L C', -t alc fotlIIJI b d:.• villig Ibe tom] 3111C�trIT cif the I-t% I)--I:e (ill- la" -:Ij- I;Ies lie _ ;vt S1000f v La - r vem 's tax rate: -•47.21 o 4 J'S f2_914,21 L-i, i del. i e 0_'8("-(A4 S: Oil ".e -,Ys rot, I rcis T ve -- - '. 5 S T'v. _'i -e ' ve.--j'stot'll 0 5'1�-ITIJ �'*Orl Thi -vt-,m 's tffPc(IvE- rax raft: 0--55'272 S: 0"I L -I 4_4`Q_074 Tljs cru's ad-i v Icd 7-11i'_ r'u- 5 efftctr e 1:1% 1:•1e 0- x'23544 Thi N-cat's rollbac k•: %il rare: 4: lo -t :dj) C tie =au -•47.21 o 4 I)-: _, ?.J's effe'ct:�'e f -,I.! 0352449 1 1.08 = this vear's Maximilm Opel arilla I are 0_'8("-(A4 S: Oil h: 0 t-r.. '11.1j!j fintur f v'r 0 J.; 5 E ol I 1,011, "'id: to :: 0--55'272 S: 0"I Page I of 2 Fiscal Year 2009-2010 83 Adopted Budget 5tmemeut of 1? 1015.71 cj-'Prl',4pty Jolit- a 2,000 Ix rate eq,,L-,d io the effecti-,-e t; S 31 3 2 -64 9 -',chedule A - Unencumbered Fuijd Balance, 71t fi--,Il CL J)tblices ill be le3 in the -,mii -- poprrt.- m.-. nccoulll- qr Ilit eIlld of 111e fi-. c'-f! —111tc't M e 110 L5: Type of Properm• Tax Fund Balance Schedule B - 2WIQ Debt Senic e The nur :,hlr ic ':•i •'flit m jo,(w fbi. dtbl, rh.-If ac - sec-, ijed b i t es These m)- -c, -111; Albtpi. df S."Jes tx, $507- 771 i Plilicip'll vi II rrrt-t t,' bc Coutla, t pavin,ul Paid E, um Olbf:, Ile-..lip 'i;.L IC lie F:Jd it I Propt; r- AmruLi-. Taal A of D 0) 9 ?zc.peyt7, T,.Yt.,, Tam,s to be Paid la5 111-ut CO S41 o CO '41 CO .400 1,-,;1.0-, S 2' CO 5,4 lo 74J0 t,J 2: CO 2.1 ,I CIO Toll F i• iijed f, 21 19 Del Sem--e V-3.4514- S'-, 9 h tr3 Li -ditiInI A DiA t... be p:ii.) L, ;c5 aj 21"r-1) n1lect ,rJ- - 1"0.1 '01 of v - 1 2005 T,Dt,.l Debi Dn-,- Schedide C - Expected Revenue fj rom Additioual Sales Tax 11) C',J],Jjl J.JJC :I- eftC17-4 t -'jid Toll' -'.,n k ix, mret, the unil t:rimnitd 0--irtt fecei., & S. � �7-2` LI s1ts,11111 li-e Iz-,% revemit, This noi.,cecojir-i:ji a trad cahuhlirn.�- Ycu ctj, coij-, cnIC tilt ficri- -1231,1) Blci-I',n-d,,d,� F�oii. 22456. MrXinntyl Te,:-i- T7rf7l gull? O-f F17f, "'11 pi ep-iibig t1ii; norice: Kermelli L Lmii Date Pre-�xued, jul-, 27- :00� Page 2 of 2 I. Fiscal Year 2009-2010 84 Adopted Budget ;IO WN OF SPER ORDINANCE NO. 09 -110 AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS ADOPTING A BUDGET AND APPROPRIATING RESOURCES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010, IN ACCORDANCE WITH EXISTING STATUTORY REQUIREMENTS; PROVIDING FOR REPEALING, SAVINGS AND SEVERABILITY CLAUSES; PROVIDING FOR AN EFFECTIVE DATE OF THIS ORDINANCE; AND PROVIDING FOR THE PUBLICATION OF THE CAPTION HEREOF. WHEREAS, pursuant to the laws of the State of Texas, the Town Manager of the Town of Prosper has submitted to the Mayor and Town Council a proposed budget of the revenues and appropriations for conducting the affairs of Prosper and providing a complete financial plan for Fiscal Year 2009 -2010: and has filed the same with the Town Secretary (the "budget "): and WHEREAS, following public notice duly posted and published as required by the law, two public hearings the first on August 25, 2009 and the second on September 3, 2009 -were held by the Town Council at which time said budget was fully considered, and interested taxpayers were given the opportunity to be heard by the Town Council; and WHEREAS, the Town Council has studied the budget and listened to the comments of the taxpayers at the public hearing and has investigated and determined that adoption of the budget is in the best interest of the Town; and WHEREAS, the Town Council finds that all legal notices, hearings, procedures and publishing requirements for the adoption of the budget have been performed or completed in the manner and form set forth by law. NOW THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, COLLIN COUNTY, TEXAS: SECTION 1: Findings Incorporated. The findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2: Ad <Ttion of Budget. We the Mayor and Town Council for the Town of Prosper do hereby approve, ratify, and adopt for fiscal year beginning October 1, 2009 and ending September 30, 2010 the Budget as filed and submitted by the Town Manager and adjusted by Town Council, containing estimates of resources and revenues for the year from various sources, and the projects, operations, activities, and purchases proposed along with the costs thereof, and estimated amounts of all other proposed expenditures, is hereby approved and adopted. Page t of 2 Fiscal Year 2009 -2010 85 Adopted Budget SECTION 3: Appropriation of Funds. The stuns below are hereby appropriated from the respective funds for the payment of expenditures on behalf of Prosper as established in the approved budget: General Fund $ 6,397,346 Water & Sewer Fund_ Interest & Sinking Fund $ 5,544,752 $ 2,081,335 Internal Service Fund $ 50,000 Storm Drainage Utility Fund $ 60,000 Parks and Recreation Fund $ 611,000 Impact Fees Fund $ 250,000 Special Revenue- Donation Fund $ _ 60,000 _ _ Capital Projects Fund $ 96,885 Economic Development Corporation $ 324,790 SECTTON 4: Authority ofTown Manager. Specific authority is hereby given to the Town Manager to transfer appropriations budgeted from one account classification or activity to another within any individual department or activity; and, to transfer appropriations from designated appropriations to any individual department or activity. SECTION 5: Savings/ Repeating Clause. All provisions of any ordinance in conflict with this Ordinance are hereby repealed; but such repeat shall not abate any pending prosecution for violation of the repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any violation if occurring prior to the repeal of the Ordinance. Any remaining portions of conflicting ordinances shall remain in full force and effect. SECTION 6: Severability. Should any section, subsection, sentence, clause or phrase of this Ordinance be declared unconstitutional or invalid by a court of competent jurisdiction, it is expressly provided that any and all remaining portions of this Ordinance shall remain in full force and effect. Prosper hereby declares that it would have passed this Ordinance, and each section, subsection, sentence, clause, or phrase thereof irrespective of the fact that any one or more sections, subsections, sentences, clauses, or phrases be declared unconstitutional or invalid. SECTION 7: Effcctive Date. This r dinance shall become effective from and after its as ." and publication as required by law. DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TONA PROSPER, TEXAS ON THIS 8 'h DAY OF SEPTEMBER, 2009 AT A MEETING WHICH WAS IN STRICT ACCORDANCE WITH THE TEXAS OPEN MEETING ACT. L'C1-1AA9S NIIJVANGER, Mayor ATT O: 0` °qq�1 or- PRO', .., o�po. :�3 d m o ATTHEW D. DENTON, �TRMC own Secretary Date o Pub [ icatron % '� `_ !`ts i s qtq Page 2 of 2 Fiscal Year 2009 -2010 86 Adopted Budget TOWN OF )SPE ORDINANCE NO. 09 -111 AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS LEVYING TAXES FOR FISCAL YEAR BEGINNING OCTOBER 1, 2009 AND ENDING SEPTEMBER 30, 2010 AT THE RATE OF $0.52 PER ONE HUNDRED DOLLARS ($100.00) ASSESSED VALUE ON ALL TAXABLE PROPERTY WITHIN THE CORPORATE LIMITS OF THE TOWN OF PROSPER, TEXAS IN ACCORDANCE WITH EXISTING STATUTORY REQUIREMENTS AND PROVIDING FOR THE PUBLICATION OF THE CAPTION HEREOF ON THE TOWN'S HOME PAGE OF ITS WEBSITE. WHEREAS, the Town Council of the Town of Prosper, Texas (hereinafter referred to as the "Town ") hereby finds that the tax for the fiscal year beginning October 1, 2009, and ending September 30, 2010, hereinafter levied for current expenditures of the Town and the general improvements of the Town and its property must be levied to provide revenue requirements for the budget for the ensuing year; and WHEREAS, the Town Council has approved, by separate ordinance to be adopted on the 8h day of September, 2009, the budget for the fiscal year beginning October 1, 2009 and ending September 30, 2010; and WHEREAS, all statutory- and constitutional requirements concerning the levying and assessing of ad valorem taxes have been complied with. NOW THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, COLLIN COUNTY, TEXAS: SECTION 1: Findings Incorporated. The findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2: Adoption of Tax Rate. We the Town Council of the Town of Prosper do hereby levy or adopt the tax rate of $0.52000 per $100 valuation for the Town for tax year 2009 -2010 as follows: $0.314084 for the purpose of maintenance and operation and $0.205916 for payment of principal and interest on debt service. This Tax Rate Is Less Than The Effective Tax Rate. The Total Tax Rate Will Effectively Be Lowered By 0.68 %. Taxes For Maintenance And Operations Will Be Effectively Lowered By 10.89 %. SECTION 3: Place of Payment/Collection. The Tax Assessor - Collector for Collin County is hereby authorized to assess and collect the taxes of the Town of Prosper in accordance with this Page i of 2 Fiscal Year 2009 -2010 87 Adopted Budget ordinance. The Town shall have all rights and remedies provided by the law for the enforcement of the collection of taxes levied under this ordinance. SECTION 4: Savings/ Repealing Clause. All provisions of any ordinance in conflict with this Ordinance are hereby repealed-, but such repeal shall not abate any pending prosecution for violation of the repealed Ordinance, nor shall the repeal prevent prosecution from being commenced for any violation if occurring prior to the repeal of the Ordinance. Any remaining portions of conflicting ordinances shall remain in full force and effect. SECTION 5: Severability. Should any section, subsection, sentence, clause or phrase of this Ordinance be declared unconstitutional or invalid by a court of competent jurisdiction, it is expressly provided that any and all remaining portions of this Ordinance shall remain in full force and effect. Prosper hereby declares that it would have passed this Ordinance, and each section, subsection, sentence, clause, or phrase thereof irrespective of the fact that any one or more sections, subsections, sentences_, clauses, or phrases be declared unconstitutional or invalid. SECTION 6: SECTION 7: Effective Date. This Ordinance shall become effective from and after its adoption and publication as required by law. DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS ON THIS 8 °i DAY OF SEPTEMBER, 2009 AT A MEETING WHICH WAS HELD IN STRICT ACCORDANCE WITH THE TEXAS OPEN MEETING ACT. NISWANGER, .yer- 0 ®`��1411►1N►9oP° ATT .: a® � �F ..... °eB a m M 7THEW D. DEN1 "ON, T o own Secretary v ® , s6 ` .......... ®`a lJate n Pub(icatian l Page 2 of 2 Fiscal Year 2009 -2010 88 Adopted Budget TOWN OF PROSPER, TEXAS ORDINANCE NO. 09-051 AN ORDINANCE OF THE TOWN OF THE PROSPER, TEXAS; AMENDING ORDINANCE NOS. 02 -33, 03 -48 AND 05-72, COMPREHENSIVE FEE SCHEDULE, SECTION 11 (WATER AND WASTEWATER RATES), EXHIBIT "B"; PROVIDING FOR A PENALTY FOR THE VIOLATION OF THIS ORDINANCE; PROVIDING FOR SAVINGS, REPEALING AND SEVERABILITY CLAUSES; PROVIDING FOR AN EFFECTIVE DATE; AND PROVIDING FOR THE PUBLICATION OF THE CAPTION HEREOF. WHEREAS, the Town Council of the Town of Prosper, Texas ( "Town Council ") has investigated and determined that it would be advantageous and beneficial to the citizens of the Town of Prosper, Texas ( "Prosper") to amend Ordinance Nos. 02 -33, 03 -48 and 05 -72, Comprehensive Fee Schedule, Section 11 (Water and Wastewater Rates), Exhibit "B ", to amend water and wastewater rates; and WHEREAS, the Town Council has investigated and determined that it would be advantageous and beneficial to the citizens of Prosper to amend water and wastewater rates as set forth below. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS: SECTION 1: Findings. The findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2: Amendment to Ordinance Nos 02 -33 03-48 and 05 -72 Comprehensive Fee Schedule, Section I I (Water and Wastewater Rates). Exhibit `B ". Ordinance Nos. 02 -33, 0348 and 05- 72 Comprehensive Fee Schedule, Section 11 (Water and Wastewater Rates), Exhibit "B" is hereby amended and replaced with the Exhibit `B" attached hereto and incorporated herein for all purposes which modifies the water and wastewater rates as set forth therein. SECTION 3: Penalty Provision. Any person, firm, corporation or business entity violating this Ordinance or Ordinance Nos. 02 -33, 03-48 and 05 -72 shall be deemed guilty of a misdemeanor, and upon conviction thereof shall be fined a sum not exceeding Five Hundred Dollars ($500.00). Each occurrence in violation of this Ordinance shall constitute a separate and distinct offense. The penal provisions imposed under this Ordinance shall not preclude Prosper from filing suit to enjoin the violation nor shall it preclude Prosper from taking such other lawful action as is necessary to prevent or remedy any violation. Prosper retains all legal rights and remedies available to it pursuant to local, state and federal law. SECTION 4: Savings/Repealing Clause. Ordinance Nos. 02 -33, 03-48 and 05 -72 shall remain in full force and effect except as amended by this or any other ordinance. All provisions of any ordinance in conflict with this Ordinance are hereby repealed to the extent they are in conflict; but such repeal shall not abate any pending prosecution for violation of the repealed ordinance, nor shall the repeal prevent a prosecution from being commenced for any violation if occurring prior to the repeal of the ordinance. Any remaining portions of said ordinances shall remain in full force and effect. SECTION 5: Severabilitv. Should any section, subsection, sentence, clause or phrase of this Ordinance be declared unconstitutional or invalid by a court of competent jurisdiction, it is expressly provided that any and all remaining portions of this Ordinance shall remain in full force and effect. Fee Schedule Ordinance (Amend Nos. 02-33, 03 -48 and 05- 72— Exhibit B) 402696.1 Fiscal Year 2009 -2010 89 Adopted Budget Prosper hereby declares that it would have passed this Ordinance, and each section, subsection, clause or phrase thereof irrespective of the fact that any one or more sections, subsections, sentences, clauses and phrases be declared unconstitutional or invalid. SECTION 6: Effective Date. This Ordinance shall become effective from and after its adoption and publication as required by law. DULY PASSED AND APPROVED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS ON THIS 24h DAY OF MARCH, 2009. CHARLES NISW R, Mayor ATTEST T A TH W D. DEQNTON. TRMC Town Secretary DATE OF PUBLICATION -?0/ Dallas Morning News — Collin County Edition % Fee Schedule Ordinance (Amend Nos. 02-33,0348 and 05-72 —Exhibit B) 402696-1 Fiscal Year 2009-2010 90 Adopted Budget Exhibit "B" "Town of Prosper Water and Wastewater Rates Effective May 2009 Senior citizen account holders who qualify are entitled to receive the first two thousand (2,000) gallons included as part of the minimum bill for indoor residential accounts. To be eligible, the customer must be the listed account holder age sixty-five (65) or older, complete an application for the discount, provide proof of age on a valid United States or State ID and not be receiving the senior citizen discount on any other Town of Prosper account. Late payment penalties shall be waived for any account holder, on that customer's residential utility bill, upon request and presentation of adequate proof that the customer is either • at least age sixty -five (65) and the recipient o €social security or other bona fide retirement benefits OR • is totally disabled_ Out of Town rates are the same as In Town rates for water and wastewater. Fee Schedule Ordinance (Amend Nos. 02-33, 03-48 and 05-72 — Exhibit B) 442696 -1 Fiscal Year 2009 -2010 91 Adopted Budget Residential Water Service Rates Residential Wastewater Service Rates Meter Size Minimum Service Charge All Residential Accounts Minimum Service Charge 3/4" or Smaller $ 10.62 Volumetric Ch ��- $ 16.38 P, $ 17.71 _p Rate per 1,400 Gallons 1 %a" $ 35.41 2" _ - Volumetric Charges $ 56.66 Rate er 1 400 Gallons All $ 2.55 .._ _ Winter Avera in 0 — 15,000 Gallons $ 3.57 Wastewater volumetric charges on residential accounts are billed based on the Winter Average Consumption during the months of December, January and February. i 5,001 — 40,000 Gallons 40,001 — 80,000 Gallons $ 5.35 $ 8.03 80.001 —Plus $ 1104 Additional Residential Service Charges Service Initiation $ 65.00 ransfer Fees $ 20.00 Meter Accuracy Re- $ 15.00 Reads Late Fees 10% of Billed Amount Turn Offs / Reconnects During Normal Office $ 30.00 Hours 'Turn Offs /Reconnects After Normal Office Hours $ 60.00 Senior citizen account holders who qualify are entitled to receive the first two thousand (2,000) gallons included as part of the minimum bill for indoor residential accounts. To be eligible, the customer must be the listed account holder age sixty-five (65) or older, complete an application for the discount, provide proof of age on a valid United States or State ID and not be receiving the senior citizen discount on any other Town of Prosper account. Late payment penalties shall be waived for any account holder, on that customer's residential utility bill, upon request and presentation of adequate proof that the customer is either • at least age sixty -five (65) and the recipient o €social security or other bona fide retirement benefits OR • is totally disabled_ Out of Town rates are the same as In Town rates for water and wastewater. Fee Schedule Ordinance (Amend Nos. 02-33, 03-48 and 05-72 — Exhibit B) 442696 -1 Fiscal Year 2009 -2010 91 Adopted Budget Additional Commercial Service Charges Service Initiation $ 75.00 Transfer Fees $ 20.00 Meter Accuracy Re- $ 15.00 Late Fees 10% of Billed Amount Reads Turn Offs /Reconnects Turn Offs / Reconnects During Normal Office $ 30.00 After Normal Office $ 60.00 Hours hours Multifamily Dwellings, Townhomes and other Multitenant Commercial Accounts served by one master meter will be billed a minimum charge per unit equal to the 3/4" commercial base rate. The Commercial volumetric charges will apply as normally scheduled on the master meter consumption. Out of Town rates are the same as In Town rates for water and wastewater. Fee Schedule Ordinance (Amend Nos. 02-33,03-48 and 05-72 -- Exhibit 8) 442646 -1 Fiscal Year 2009 -20] 0 92 Adopted Budget Fiscal Year 2009-2010 93 Adopted Budget Irrigation Water Service Rates Irrigation Wastewater Service Rates Meter Size Minimum Service Ch�arge Irrigation Accounts are not billed for wastewater services. Irrigation Accounts are strictly for meters and water service dedicated solely to furnish water service to lawn sprinkler or irrigation systems, and do not directly receive wastewater services, 3/4" or Smaller $ 3.85 $ 6.41 'r /2" $ 12.83 2" $ 20.52 Volumetric Char es R ate e r 1,000 Gallons 0 — 15,000 Gallons 15,001 — 40,000 Gallons $ 5.39 $ 6.19 40,001 — 80,000 Gallons $ 7.12 80,001 — Plus $ 9.19 Additional Irrigation Service Charges - Service . Initiation i 75.00 Transfer . Fee - s koo Meter Accuracy Re- Reads $ 15.00 I Late Fees 10% of Billed Amount Turn Offs/ Reconnects I During Normal Office j $ 30.00 Hours Turn Offs /Reconnects After Normal Office Hours __ $ 60.00 I Fiscal Year 2009-2010 93 Adopted Budget -A- Accrual Accounting - A basis of accounting in which revenues are recognized |n the accounting period in which they are earned, and expenses are recognized in the period in which they are incurred. Ad Valorem -Lauinhor"va|vemr.nefemurthemxaymesedagaimuma|(landand buildings) and personal (equipment and furniture) property. Annexed Property - Land previously outside the Town limits that becomes part of the Town during a year through the legal process ofincorporation. Appraised Value — An estimated value for the purpose of taxation, The Collin and Denton Central Appriasal Districts establish property values for Town of Prosper properties in their respective Counties. Appropriation - An authorization made by the Town Council, which permits the Town to incur obligations and to make expenditures c«resources. Appropriation Ordinance ' The official enactment, bv Town Council, to legally authorize Town Staff to obligate and expend resources. Assessment Ratio ' The ratio ot which tax rate uapplied to tax base. The assessment ratio io currently set at 1u0*ohv State law. Assets - Resources owned or held by the Town which have monetary value. Audit - A comprehensive review of the manner in which the government's resources were actually utilized. A certified public accountant issues an opinion over the presentation of financial statements, tests the controls over the safekeeping of assets and makes recommendations for improvements where necessary. 'a' Balanced Budget - A financial plan for a fiscal year that matches all planned revenues and expenditures with the services provided tp the residents pf the Town based on established policies. Bond 'x written promise to pay a sum of money ona specific dates)at a specific interest rate. The interest payments and the repayment py the principal are detailed ina bond ordinance. aondedmwhm - That portion of indebtedness represented bv outstanding bonds. Budget - A financial plan, for a specified period, of operations that matches all planned revenues and expenditures with the services provided tm the Town. Budget Adjustment -x legal procedure utilized by the City Staff and City Council tw revise a budget appropriation within guidelines established in the Town Charter. Budget Calendar - The schedule of key dates, which the Town follows in the preparation and adoption of the budget. Budget Control - The control or management of the organization in accordance with an approved budget for the purpose cf keeping expenditures within the limitations of available appropriations and revenues. Budget Document - The instrument used by the budget-making authority to present a comprehensive financial plan of operations to the Town Council. Budget Message ' The opening section of the budget from the Town Manager, which provides the Town Council and the public with a general summary of the most important aspects n* the budget. Fiscal Year 2009-2010 94 Adopted Budget Budgetary Control - The control or management of a government or enterprise in accordance with an approved budget for the purpose of keeping expenditures within the limitations of available appropriations and available revenues. -C- CAD /RMS (Computer Aided Dispatch /Records Management System) — The main software program used by the police department. This software dispatches and tracks all police, fire and EMS calls and provides data to the Mobile Data Computers (MDCs) installed in every unit. Calculated Effective Tax Rate - State law in Texas prescribes a formula for calculating the effective tax rate for cities. The net effect of the formula is to produce a tax rate that goes down when property values rise because of inflation and vice versa. The intent is to generate a rate that produces approximately the same revenue as the year before. The formula does make adjustments for newly annexed property and newly constructed property for the effective tax rate calculation. Capital Improvement Program - A plan for purchasing capital expenditures over a 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 part and specifies the full resources estimated to be available to finance the projected expenditures. Capital Outlays - Expenditures which result in the acquisition of, or addition to, the fixed assets. Capital Projects Fund - A fund created to account for financial resources to be used for the acquisition or the construction of major capital facilities or equipment. Capital Reserve - Funds that have been appropriated from operating revenues which are to be set aside for designated types of maintenance to the existing infrastructure. Certificates of Obligation - Tax supported bonds that are similar to general obligation bonds and can be issued after meeting strict publication requirements and with final approval by the Town Council. Contractual Services - The costs related to services performed for the Town by individuals, business, or utilities. Current Taxes - Taxes levied and due within one year. -D- Debt Service Fund - A fund established to account for the accumulation of resources for, and the payment of, long -term debt principal and interest. Delinquent Taxes - Taxes that remain unpaid after the date on which a penalty for nonpayment is attached, i.e., tax statements are mailed out in October and become delinquent if unpaid by January 31. Department - A major administrative organizational unit of the Town, which indicates overall management responsibility for one or more divisions. Depreciation - Expiration in the service life of capital assets attributable to wear and tear, deterioration, action of the physical elements, inadequacy or obsolescence. Also that portion of the cost of a capital asset which is charged as an expense during a particular period. Division - A major administrative organizational unit of the Town, which indicates overall management responsibility for one or more activities. -E- EDC (or PEDC) — Prosper Economic Development Corporation On May 6, 1995, Town of Prosper voters approved the 4A Sales Tax proposition which increased the sales and use tax by Y. of 1% for the promotion and development of new and expanded business enterprises. The Corporation is Town - chartered and governed by a 5- member Board of Directors appointed by the Town Council. Fiscal Year 2009 -2010 95 Adopted Budget Effectiv*Taxnate - Texas|aw prescribes a formula for calculating the effective tax rate for cities. The net effect of the formula is tp produce a tax rate that goes down when property values rise (and vice versa) to generate a rate that produces approximately the same revenue as the year before. The formula makes adjustments for additional debt service, newly annexed property, and newly constructed property. If the tax rate is raised over the prior year's effective tax rate, State law requires that special notices must be posted and published. If the increase is more than u*` the increase above mmissubject tn* possible rollback election hv the voters. sxxS - smergencvMedicaSemice Encumbrance - The commitment of appropriated funds to purchase an item or service. To encumber funds means um set aside or commit funds for afuture expenditure. Enterprise Fund (Water m Sewer Fund) 'x fund established tv account for operations of the water and sewer system. uis operated in a manner similar to private business enterprises where the intent is cost recovery. sOc- Emergency Operations Center Estimated Revenue - The amount of projected revenues to be collected during the fiscal year. Exempt ' Personnel not eligible to receive overtime pay and who are expected to put in whatever hours are necessary to complete their job assignments. cnpenditv,es - xuecreaseintoenrt financial resources of the Town due tp the acquisition of goods orservices. 'p- p}nancia| Policies ' Financial policies are used to enable the Town tu achieve a sound financial position. Fiscal Year -xz2'mont*period to which the Annual Budget applies. The Town of Prosper has specified October I to September 3oas its fiscal year. FLsx - Fair Labor Standards Act, The PLSA establishes minimum =age, overtime pay, ,eco"dheeping, and youth employment standards affecting employees in the private sector and in Federal, State, and local governments. p,anchiseFee - A feepaid bx public service utilities for use n, public property inproviding their services tu the citizens o{the community. pund - xnaccmvnung entity with a self-balancing set of accounts that record financial transactions for specific activities or government function. Fund Accounting - A governmental accounting system, which is organized and operated on a fund basis. Fund Balance ' The excess of assets over liabilities. Fund Type - In governmental accounting, all funds are classified into eight fund types: General, Special Revenue, Debt Service, Capital Projects, Special Assessment, Enterprise, Internal Service, and Trust & Agency. -G' GAAP - Generally accepted accounting principles as determined through common practice or as promulgated by the Governmental Accounting Standards Board, Financial Accounting Standards Board, p, various other accounting standard setting bodies. GASS — (Governmental Accounting Standards Board) GASS was established in 1984 as the body authorized to establish accounting standards for state and local government. Fiscal Year 2009-2010 96 Adopted Budget GASB 34 — The 34th Concepts Statement issued by GASB. This statement changes the way that local governments prepare and present their annual financial statements. Under the new model, the financial report is presented on an entity wide basis rather than fund by fund. Furthermore, the Town's infrastructure (roadways, traffic signals, drainage channels) will be listed as assets of the Town and reported at their depreciable value. GIS - Geographic Information System, Services currently provided under contract with Frisco GIS General Fund - The fund used to account for all financial resources except those required to be accounted for in another fund. General Obligation Bonds - Bonds that finance a variety of public projects, which pledge the full faith, and credit of the Town. Goals - Broad, general statements of each division's desired social or organizational outcomes. Governmental Funds —Applies to all funds except for the profit and loss funds (e.g., enterprise fund and internal service fund.) Grant - A contribution by a government or other organization to support a particular function. Grants may be classified as either categorical or block depending upon the amount of discretion allowed the grantee. A HOA - Home Owners' Association ICMA - International City and County Management Association, Professional and educational association for government officials Impact Fees - Fees assessed to developers to help defray a portion of the costs that naturally result from increased development. By Texas law, these fees must be used for capital acquisition or debt service relating to capital projects. Infrastructure - The underlying permanent foundation or basic framework. Interest Earnings - The earnings from available funds invested during the year in U.S. Treasury Bonds, Government agencies, and Certificates of Deposits or other approved investment. Interfund Transfer - A movement of cash between funds for the purpose of return on investment or funding projects and operations. Intergovernmental Revenues - Revenues from other governments in the form of grants, entitlements, shared revenues or payments in lieu of taxes. Internal Service Funds - Funds established to finance and account for services and commodities furnished by a designated department to other departments within a single governmental unit or to other governmental units. Amounts expended by the fund are restored thereto, either from operating earnings or by transfers from other funds, so that the original fund capital is kept intact. Investments - Securities, bonds, and real property (land or buildings) held for the production of revenues in the form of interest, dividends, rentals or lease payments. The term does not include fixed assets used in the normal course of governmental operations. -L- Liabilities - Debts or other legal obligations arising out of transactions in the past, which must be liquidated, renewed or refunded at some future date. Line Items - Expenditure classifications established to account for approved appropriations. Line Item budgets for all departments are available upon request at Town Hall. Fiscal Year 2009-2010 97 Adopted Budget Long -Term Debt - Unmatured debt of a government expected to be repaid from government funds. An average repayment schedule is 20 years. -M - Maintenance - All materials or contract expenditures covering repair and upkeep of Town buildings, machinery and equipment, systems, and land. Materials and Supplies - Expendable materials and operating supplies necessary to conduct departmental activity. Modified Accrual Accounting - A basis of accounting in which revenues are recognized in the accounting period when they become available and measurable. Expenditures are recognized in the accounting period in which the fund liability is incurred. -N- NCTCOG or COG — North Central Texas Council of Governments, is a voluntary association of, by and for local governments, established to assist local governments in planning for common needs, cooperating for mutual benefit, and coordinating for sound regional development. Note - A certificate pledging payment, issued by a government or bank. NTMWD - North Texas Municipal Water District -O- Objectives - Specific statements of desired ends, which can be measured. Operating Budget - Plans of current expenditures and the proposed means of financing them. The annual operating budget is the primary means by which most of the financing acquisition, spending and service delivery activities of a government are controlled. The use of an annual operating budget is usually required by law. Operating Costs — Outlays for such current period items as expendable supplies, contractual services, and utilities. Ordinance - A formal legislative enactment by the governing board 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. The difference between an ordinance and a resolution is that the latter requires less legal formality and has a lower legal status. Revenue raising measures, such as the imposition of taxes, special assessments and service charges, universally require ordinances. Ordinances and other legislation are not passed until the plans for and costs of endorsements are known. -P- Part -Time - Part -time employees work less than 40 hours per week and may not be entitled to full -time employee benefits. PEDC (or EDC) — Prosper Economic Development Corporation — see full definition under EDC Per Capita Costs - The cost of service per person. Per capita costs are based on the population estimate provided by the North Texas Council of Governments. Performance Measures - Specific quantitative measures of work performed within an activity or program. They may also measure results obtained through an activity or program. Personnel Services - The costs associated with compensating employees for their labor. This includes salaries and fringe benefits. Projected Actual - An estimate of year ending balances for all accounts used for budgeting purposes. Fiscal Year 2009 -2010 98 Adopted Budget Property Taxes 'Used to describe all revenues received inaperiod from current taxes, delinquent taxes, penalties, and interest on delinquent taxes, Property taxes are levied nn both real and personal pn, ertvacco,d/nmtothepropert/sva|uationandtax rate. Proprietary funds — Such as the Town's Enterprise and Internal Service funds are used to account for services provided by one department or agency of a government to other departments, other governmental units, or the general public on a user charge basis. Public Hearing ' The portions of open meetings held to present evidence and provide information on both sides ofamissue. 'cl' Reimbursement - Repayment to a specific fund for expenditures incurred or services performed bv that fund u,o, for the benefit of another fund. Reserve '4n account vseuuzinaicatetxa a portion u,a fund balance is restricted for m specific purpose. Retained Earnings ' The excess of assets less liabilities in the proprietary funds. Revenue ' Funds that the government receives asincome. Revenue Bonds 'Bonds whose principal and interest are payable exclusively from orevenue source pledged as the payment source before issuance. } nFP' Request for Proposals anQ' Request for Quotes Risk Management 'un organized attempt to protect a government's assets against accidental loss in the most economic method. i ROW — Right cfWay -S- SAFER - Staffin for Adequate Fire and Emergency Response, Federal Grant Specia|nevenuerumd - Afuvdvsedmmaconurt for the proceeds of specific revenue sources (other than special assessments, expendable trusts or for major capital projects) that are legally restricted to expenditures for specified purposes. STEP ' State Traffic Enforcement Program Strategic Plan - Document which lists or describes major goals of an organization along with the strategies that will be employed in attaining them. -T- Tax Base - The total value of all real and personal property in the Town as of January Ist of each year, as certified bythe Appraisal Review Board. The tax base represents net value after all exemptions. Tax Levy - The resultant product when the tax rate per one hundred dollars is multiplied by the tax base. Tax Rate ' Total tax rate ixset by Council and is made up of two components: debt service and operations rates. The 2009'201$ tax rate for the Town of Prosper io$U.5z per $zoo.nu valuation, with debt service comprising $o.2osy16 leaving the remaining $a.3zo0Wuof the total distributed to the General Fund. Fiscal Year %O00-20lO VQ Adopted Budget Tax Increment Financing (TIF) - Tax increment Financing; a toot to use future gains in property and sales taxes to finance eligible public infrastructure such as streets, drainage, parking garages, parks, trails, and other improvements as allowed by law, within a reinvestment zone. Tax Increment Reinvestment Zone (TIRZ) - Zone geospatially designated as subject to Tax Increment Financing. TMRS - Texas Municipal Retirement System Transfers In/Out - Amounts transferred from one fund to another to assist in financing the services or programs for the recipient fund. Town Charter - The document of a home rule Town similar to a constitution, which establishes the Town's government structure and provides for the distribution of powers and duties among the various branches of government. Town Council - The Mayor and six (6) Council Members collectively acting as the legislative and policyrnaking body of the Town. - U - .V- -W— W & S — Water & Sewer Working Capital — Current assets minus current liabilities. -X- -y- Fiscal Year 2009-2010 100 Adopted Budget A TOWN O '{ SP Prosper is a place where everyone matters. I - Om ID � = The Town Budget truly takes teamwork and I trust many more hands went into this effort than are recognized here. Below I'd Iike to thank those specifically assigned to the budget. Chris Copple, Planning Karen Gill, Administration Wade .harden, Parks Frank Jaromin, Public Works Amy Lightfoot, Municipal Court Chief McFarlin, Police Wayne Snell, Inspections Dan Tolleson, EDC Chief Tucker, Fire Hulon Webb, Engineering Matthew B. Garrett, Finance FISCAL YEAR 2009 -2010 ADOPTED BUDGET