Budget - FY 2010-2011ISR
P PE
ORDINANCE NO. 10 -078
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS ADOPTING A BUDGET AND
APPROPRIATING RESOURCES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2010
AND ENDING SEPTEMBER 30, 2011, 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 2010 -2011: 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, one public
hearing — on August 24, 2010 - was 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: 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, 2010 and ending September 30,
2011. The Budget as filed and submitted by the Town Manager and subsequently 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
$
7,115,112
Water & Sewer Fund
$
5,680,190
Interest & Sinking Fund
$
2,000,499
Internal Service Fund
$
50,000
Storm Drainage Utility Fund
$
161,400
Parks and Recreation Fund
$
201,000
Impact Fees Fund
$
1,300,000
Special Revenue-Donation Fund
$
59,200
Capital Projects Fund
$
6,496,885
Economic Development Corporation
$
157,755
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 14" DAY OF SEPTEMBER, 2010 AT A MEETING WHICH WAS
HELD IN STRICT ACCORDANCE WITH THE TEXAS OPEN MEETING ACT,
RAY SMITJ,'Mayor
ATT
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IN
TTHEW D. DENTON, TRMC
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Town Secretary
Date of Publication WasUo!VVjNews
Page 2 of 2 )1 'Ex PS
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FOR THE PERIOD
OCTOBER 1, 2010 TO SEPTEMBER 30, 2011
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FISCAL
YEAR
2010 -2011
BUDGET
FOR THE PERIOD
OCTOBER 1, 2010 TO SEPTEMBER 30, 2011
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This budget will raise more total property
taxes than last year's budget by $455,061 or
8.82%, and of that amount, $234,023 is tax
revenue to be raised from new property
added to the tax roll this year.
The above statement is required by Section 102.005(b), Local
Government Cade as amended by HB 3195 of the 80th Texas Legislature.
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PIIOSPER
WN OF
Prosper is a place where everyone matters.
FISCAL YEAR 2010-2011
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Prepared By:
Mike sand, Town Manager
Matthew Garrett, Finance Director
Ron Butler, Comptroller
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Reviewed and Adopted by Town Council on September 14, 2oio.
.Ray Smith, Mayor
Kenneth Dugger, Mayor Pro -Tem
Meigs Miller, Deputy Mayor Fro -Tem
Dave Benefield, Council Member
David Vestal, Council Member
Danny Wilson, Council Member
Jason Dixon, Council Member
Appreciating that the rich history of the Town has molded it into its
present form and that many people deserve thanks for their efforts
to this end, we honor our past. Just as those who pioneered this
community, we also recognize current citizens are eager to make an
impact. These sentiments combine to make this year's theme.
".honoring Our Past and Paving Our .Future"
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FISCAL YEAR 2010 zoo 1 ADOPTED BUDGET
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TABLE OF CONTENTS i - iii
BUDGET MESSAGE
LETTER FROM THE TOWN MANAGER 3
THE BUDGET PROCESS 12
BUDGET CALENDAR 13
TOWN PROFILE
TOWN COUNCIL
17
VISION & STRATEGIC WORKPLAN
18
ORGANIZATIONAL CHART
23
AUTHORIZED POSITIONS
24
LOCATION
25
HISTORY
26
POPULATION
27
AVERAGE RESIDENTIAL PROPERTY TAX BILL
28
FUND SUMMARIES
CONSOLIDATED TOWN FUND SUMMARIES 31
INDIVIDUAL FUND SUMMARIES
GENERAL FUND
32
WATER & SEWER FUND
33
DEBT SERVICE FUND
34
CAPITAL PROJECTS FUND
35
PARKS FUND
36
IMPACT FEE FUND
37
INTERNAL SERVICE FUND
38
SPECIAL REVENUE FUND
39
STORM DRAINAGE FUND
40
ECONOMIC DEVELOPMENT CORPORATION FUND
41
Fiscal Year 2010 -2011 i Adopted Budget
REVENUE PROJECTIONS
GENERAL FUND REVENUE SOURCES 45
PROPERTY VALUATIONS & AD VALOREM TAXES 46
PROPERTY TAX RATE DISTRIBUTION 47
SALES TAX 48
WATER & SEWER FUND REVENUE SOURCES 49
ALL OTHER FUND REVENUES & SOURCES 50
GENERAL FUND APPROPRIATIONS BY Ca •
GELIERAL Fu 1i fir•.••. a i : ••�
GENERAL FUND DEPARTMENT SUMMARIES
ADMINISTRATION
55
POLICE
56
DISPATCH
57
FIRE
58
FIRE MARSHAL
59
STREETS
60
LIBRARY
61
PARKS
62
MUNICIPAL COURT
63
INSPECTIONS
64
CODE ENFORCEMENT
65
PLANNING
66
ENGINEERING
67
WATER & SEWER FUND APPROPRIATIONS BY CATEGORY 68
WATER & SEWER FUND APPROPRIATIONS BY DEPARTMENT-69
WATER & SEWER DEPARTMENT SUMMARIES
WATER 70
SEWER 71
UTILITY BILLING 72
Fiscal Year 2010 -2011 ii Adopted Budget
Fiscal Year 2010-2011 iii Adopted Budget
AV lq Financial
Tianiparency
Initiative
BUDGET MESSAGE
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Letter fro m the Town Manager
The Budget Process
Budget Calendar
"Honoring Our Past and Paving Our Future"
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Tianiparency
Initiative
BUDGET MESSAGE
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Letter fro m the Town Manager
The Budget Process
Budget Calendar
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FISCAL YEAR 2010-201, A DOPTED BUDGET
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October 1, 2010
Honorable Mayor and Town Council
Citizens of Prosper
Mayor, Town Council, Citizens,
For your consideration, I am pleased to present the Adopted Fiscal Year 2010-2011 Town of Prosper Annual
Operations and Maintenance Budget. This document details the comprehensive strategic plan by which the
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 STATEMENT
"Prosper is a place where everyone matters."
BUDGET OVERVIEW
The Town of Prosper 2010 -2011 Adopted Budget represents increased service levels to Town
residents, maintenance of capital investments and additional public safety resources. The uncertainty
in today's economy, valuations and shaky growth assumptions conditioned this budget to be prepared
very conservatively. Fortunately, the Town maintained growth and benefined from annexations above
earlier estimates.
The Town of Prosper currently employs sixty -nine (69) regularly scheduled team members, sixty -five
(65) full time and four (4) part time. Within the adopted budget there are additional personnel
including one additional Police Officer and one Dispatch Operator. Funds are included in
Administration to cover part time help in Finance for Accounts Payable processing. In Inspections, the
existing Administrative Assistant temporary position is being removed, and the Town will either
contract for a part time Plans Examiner or hire a part time Permit Technician. All other departments'
personnel will be funded at their current staffutg levels.
Fiscal Year 2010 -2011 3 Adopted Budget
In evaluating the 2010-2011 Adopted Budget it is important to consider several historical
organizational initiatives, current environmental factors and the impact each has on planning for
additional appropriations. Those with the greatest impact are listed below.
The Adopted 2010-2011 Budget Appropriations total $13.3 million (M) for all funds not including debt
service. capital projects or the Economic Development Corporation, Of that amount, approximately $7. IM
is for General Fund operations and maintenance, and $5.8M for the Town's Enterprise Funds including Solid
Waste, Water and Sewer Utilities as well as the Storm Drainage Utility Fund. Debt Service appropriations
for the coming fiscal year are $2.0 M.
Property Values
Certified property valuations increased by $105M (10.1 %) for FY 2010-11. Property values increased from
$1,024.2M to $1,147.3M. While the growth in certified property valuations continues to increase, the
economic downturn did have a slowing affect on existing property value growth, with existing property
growing by only 0.35% town wide.
Values in the Denton County portion of Prosper continue to increase. For the 2010-2011 Fiscal Year, freeze
adjusted property values in this area increased 82% to $323M.
Property Tax Rate
This year the property tax rate is adopted at $0.52 per $100 valuations, which is equal to the current rate.
Without increases in valuations, an increased tax rate was anticipated that would directly relate to the
required funding for the addition of the new dispatch operations. The portion of the tax applied to debt
service is $0.185258.
Sales Taxes
With a few new commercial operations opening in Prosper and solid businesses retained, sales tax
collections have stabilized around $1.1M for several years and are projected to remain in line with current
collections.
Utility Rates
The Town of Prosper Town Council continues its implementation of 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 at least a 60 day operations and maintenance
reserve and to fund an annual contribution of 2% to a capital replacement program. In pursuit of matching
user revenues to user expenses, this adopted budget includes an increase in sewer rates, which will cost the
average sewer consumer $10 more per month,
Solid Waste rates may only increase modestly 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.
Fiscal Year 2010-2011 4 Adopted Budget
Stormwater Drainage Utility rates will be confirmed or adjusted according to results of an engineering study
being performed that further defines lot size and lot coverage rates for residential and non - residential
customers throughout Prosper. The adopted budget assumes the same revenues as received last year.
GENERAL FUND
The 2010 -2011 Adopted Budget is based on using the current tax rate of 5051 The projected
effective tax rate, that is the rate that would generate the same amount of property tax revenues from
the same taxed properties in 2010 -2011 that were generated in this fiscal year. is $0.526995. The
rollback rate, which approximately equates to 108% of this year's effective operating rate, is
$0.536003. Each additional penny of the tax rate generates approximately $108,000 in property tax
revenue. Additionally, for property tax revenue projections the Collin County Tax Assessor - Collector
states that it again expects to collect 100 of the current property taxes due based on their past history
of doing so.
Fiscal Year 2010 -2011 Revenues are budgeted to equal Appropriations resulting in no change to the
Town's Fund balance. The Audited Fund Balance at the end of 2008 — 2009 was $4,397,604. Revised
Fund balance prior to the final audit for 2009 -- 2010 is expected to increase $191,549. Should the
current projections hold true, the total projected fund balance as of September 30, 2010 could be
$4,584,155.
In the 2010 -2011 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 2010 -2011 Fiscal Year the projected total fund balance not otherwise restricted or held in
contingency should total $2,144,680 which equates to an additional 109 days of operations depending on
final audited numbers, bringing the total number of operating days of reserves to 235 days.
REVENUES
Overall, revenues are projected to increase 8.9% compared to budgeted 2009 -2010. This increase
reflects a steady flow building and other construction related permit fee collections. Property Tax
Revenues for Operations and Maintenance are projected to increase by approximately 20.0% compared
to budgeted 2009 -2010 revenues.
Sales Taxes and Franchise Taxes are conservatively projected to stabilize at their current collections
despite the Town's continued growth. Staff continues to be conservative when projecting sales tax
because of the downturn in construction related projections for the DFW metroplex. A large portion of
the Town's sales tax revenues is directly linked to construction, making a decline in that economy a
large threat to sales tax forecasts. The Town expects to receive approximately SI,100,000 in sales tax
in FY 2010 -2011,
Building Permit Revenues are projected to increase to $325,000 or 18.0% when compared to the 2009-
Fiscal Year 2010 -2011 5 Adopted Budget
2010 Adopted Budget reflecting some new home and minimal non-residential construction in the
coming year. Municipal Court Fines and Licenses are projected to remain at current levels. Street
rental, utility franchise payment and administrative fees 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.
SAFER Grant revenues are scheduled to reduce 28"c from $303,570 to $218,183. This source will
further decline to $132,919 in FY 2011-2012 and then be exhausted in FY 2012-2013 with
reimbursements totaling 528,496. Over the life of this grant, the Town will have received $948,825 to
help pay for the addition of six full-time Firefighter/Paramedic positions.
General Fund Revenues by Source
RRevenue cattgory
FY 2011 Dmft
X Of Total
Property Tax
$ 3,880,789
54.6%
Sales Tax
$ 1,103,500
15-51/0
License, Fees & Permits
$ 622,175
8.7%
Transfers In
$ 429,400
6.0%
Franchise Fees
$ 327,550
4,6%
Grants
234,183
3.3%
Fines & Warrants
220,000
3_1%
Charges for Services
$ 210,905
3.0%
Investment Income
1$ 50,500
1 OJN
Miscellaneous
$ 36,110
O's I
evenue Total 1
$ 7,115,112
2001
APPROPRIATION'S
Total Appropriations for the Adopted 2010-2011 Budget are $7-IM. This is an increase of
approximately 8.9% compared to the 2009-2010 Budget. Personnel costs constitute 67.3% of the
General Fund Budget. Within the adopted budget there is a recommendation to hire one Police Officer
and to add one more Dispatch Operator in the Dispatch Division of the Police Department. One part
time position in Inspections will be removed, freeing up funds for more specialized contracted
services. Funding for a temporary/part time position has been added in the Administration budget to
assist Finance.
Fiscal Year 2010-2011 6 Adopted Budget
Letter from the Town Manager
�FOWN OF
PR I OSPER
Program Enhancement and Capital Expenditures included in the adopted appropriations and planned
for the 2010-2011 Fiscal Year by Division are as follows:
CONTINUATION
AND PROGRAM
DIVISION ENHANCEMENT DESCRIPTION
Administration 37,2W Computer Replacements for Various
Departments, Adding Redundancy to Town
Virtualized Servers, STW Vision Financial
Analysis Toot
Police $160,000 1 new Police Officer, Capital includes
payments on existing leased vehicles and
one additional cruiser to be purchased,
tactical supplies and vehicle equipment,
Ticket Writers (split 50% with Court
Technology Fund)
Dispatch $131,000 1 new dispatch operator, first quarterly payment
for system annual support
Fire $ 67,044 Replacements for station equipment including
mattresses, washer and dryer, safety equipment.
Replacing the Chief s vehicle.
Parks and $162,000 Total contracted maintenance for Parks
Recreation Pecan Creek Park in La Cima and the new
Community Park
Administration
The Administration adopted budget includes funding for improved STW analytics tools. Currently,
only the Finance Director has the ability to run custom reports from the database. The Vision tool is
simple and feeds data directly into Excel for further manipulation and refreshes dynamically. Several
Town servers are beyond their scheduled life or have been overloaded to the point of inefficiency.
Technology funding is built into this budget to keep employees working as productively as possible by
replacing some end-user computers as well as building redundancy on the servers with the IT goal of
high availability.
Fiscal Year 2010-2011 7 Adopted Budget
Police & Dispatch
The 2010 -2011 Fiscal Year will be the second year of the Town's Dispatch and Communications
Operations Center. The project is scheduled to be accepted as per the terms of the contract during
Fiscal Year 2010 -2011. The Adopted FY 2010 -2011 Budget includes one quarterly maintenance
payment and recommends the creation of one more Dispatch Operator position to help better balance
the 2=1/7 schedule.
The budget also includes funding for the purchase of tactical and vehicle equipment as well as one new
police cruiser. The Police budget includes the purchase of three electronic ticket writing devices. The
cost is to be split between the Court Technology Fund and the Police Department Budget. These
devices should expedite an Officer's process on a traffic stop, could be used for non - traffic violations
and will reduce Court staff time entering written citations.
EMS/Fire & Fire Marshall
The Fire Department is completing some routine replacements of capital items.
Public Works — Streets
There are no significant changes or additions to the Street Budget adopted in 2010 -2011 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
continues the hosting service fee for the TRAKiT software program, which will support all of
Development Services and eventually may support 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 2011. The second cost increase in this division
reflects fully funding a new Parks Superintendent. This position was partially funded in the current
year but has not been successfully filled.
Fiscal Year 2010 -2011 8 Adopted Budget
ENTERPRISE AND SPECIAL REVENUE FUNDS
GENERAL OBLIGATION I &S FUND
This fund represents the debt portion of the tax rate. Debt payments from I &S for 2010 -2011 will total
$2,001,099, a small decrease from the current year's budget.
WATER, SEWER & SOLID WASTE UTILITY FUND
Revenues for the Water. Sewer and Solid Waste Fund are expected to increase to $5.6M with a rate
increase to occur in October 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. IESI's
current contract was renewed in 2005 and will expire November 30, 2011. The Town will bid this
service out in the coming fiscal year.
Water, Sewer & Solid Waste Fund Revenues by Source
Revenue Categog
FY2011 Draft
X Tatal
Water Charges
$ 3,300,000
59.13%
Sewer Charges
$ 1,471,410
26.37%
Solid Waste Charges
$ 580,000
10.39%
Tap & Construction
$ 135,000
2.42%
Investment Income
I $ 40,000
0.72%
Penalties
$
0.36%
License, Fees & Permits
_20,000
$ 19,100
0.34%
Miscellaneous
$ 15,000
0.27%
_
Revenues Total
$ 5,580,510
100%
Even with a planned increase in sewer rates, appropriations for the fund total $5,580,510 resulting in a
net "loss" of $100,000 for the fiscal year, which would require appropriating funding from existing
balances. The treed for a mid -year increase will be reviewed if required.
STORMW ATER UTILITY FUND
The 2010 -2011 Adopted Budget includes Storm Drainage fee revenues equal to the prior year's
collections. Several projects have been identified, but the fund currently is insufficient to tackle some
of the Town's larger drainage concerns.
Fiscal Year 2010 -2011 9 Adopted Budget
GENERAL DISCUSSION ITEMS
The following items also have been incorporated into the Adopted 2010-2011 Budget:
The adopted budget includes employee increases consistent with the Town's compensation
study recommendations. In FY 2009 -2010, employees did not earn salary increases, but rather
were allotted one time payments instead. On April 13, 2010, the Town Council engaged
Public Sector Personnel Comsultants to perform a comprehensive compensation analysis. It
had multiple phases and includes a compensation analysis, plan implementation and evaluation
system design. The Town Council set the target base salary range assignment at 10030 of the
average prevailing rate for the comparator market. The results showed that on average, each
position level was below the market as follows: Front Line positions at 9.50 below, Supervisor
positions at 8.5% below and Executive positions at 11.7% below. Salary increases total
approximately $115,000 in additional FY 2010 -2011 appropriations.
The TMRS rate budgeted for FY 2010 is 10.5%, which is more than the Annual Required
Contribution Rate of 9.79% as required by GASB Statement Number 27. This will increase the
Town's assets held by TMRS, draw a better return than the Town can currently get and reduce
or mitigate the increase of the next UAAL calculation. An additional 0.71% 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 31, 2008. The last actuarial valuation completed on
December 31, 2009 reported the Town's UAAL at $1,054,972. The strategy to make
additional payments was first employed in FY 2009 -2010 and would not have been reflected in
the increased actuarial report from 2009.
• Employee Health, Dental and other benefits almost always rise year to year and employee plans
increased the adopted budget $16,200 over last year's benefit costs. Partnering with IPS as
benefit advisors, the Town was able to keep costs to the Town as low, as possible and kept
medical and dental premium increases for staff to a minimum.
• The 2010 -2011 Adopted Budget includes an increase in ambulance service charges. The
adopted charge increases the fee from $600 per incident to $800 per incident. The base rate for
the charge was established in 2002, with a mileage rate set at $8.00 per loaded mile. This rate
increase is part two of a recommended two phase increase. The mileage rate per loaded mile is
recommended to increase from $10 per loaded mile in 2010 to $12 per loaded mile in 201 L.
• Continued partnerships with Prosper ISD, Celina, Frisco. Denton County and Collin County
have produced multiple saving opportunities for shared services or improving our customer
service to residents and visitors alike.
o Included in the Adopted Budget is a reduction in costs for seasonal use of the Prosper
ISD Multipurpose Facility. The Town was able to keep this open while not in use by
Prosper ISD for abbreviated hours during the school year and summer. Through an
ILA with the school district, the Town will resume supporting the MPF being open by
paying the district approximately $12,000 annually.
Fiscal Year 2010 -2011 10 Adopted Budget
` Letter from the Town Manager
N OF
• The Town's cost to operate the Community Library out of Reynolds Middle School
will also be decreasing now that Prosper ISD is opening that location. The Adopted
FY 2010-2011 Library budget is $27.865 (30%) lower than that of 1-Y 2009 -2010. The
Library budget includes a Collin County library grant of $ 16.000.
• The Town continues its cooperation with Collin County for Animal Control and
Shelterinu Service.
• Multiple projects are being discussed with Celina and Denton County to save money on
infrastructure projects, improve the quality of a project or advance timelines on lengthy
projects. Paivin Road, for example. is slated to be improved through an Interlocal
Agreement with Denton County.
• The Town has several agreements with Frisco including using Frisco GIS for our
departments and Interlocal agreements for part time help in both the Municipal Court
and Planning Departments.
• The Town will have a busy year with a Charter Review Committee, a 2011 Bond Committee and
several new Board appointments.
• Fiscal Year 2011 will see the completion of two major infrastructure projects including the
opening of the Community Park and the completion of the widening of sections of Prosper
Trail. First Street and Coit Road will both begin construction during FY 2010 -201 t. The
Wilson Creek Interceptor will undergo design and possibly some construction in the coming
year.
In summary, staff is honored to present this year's Adopted Budget, which exceeds the objectives
provided by Council. While there are no predictions of a massive surge of development in the next few
years, the Town of Prosper will continue to experience gradual growth in population and property
values. As we grow, the "Town and its residents continue to evolve bringing new ideas of what
progress should look like in Prosper. Town staff will continue to be attentive to those needs and work
to proficiently accomplish the Town Council Vision. This Adopted Budget will help turn several of
those visions into realities.
SWadM
Town Manager
Fiscal Year 2010 -2011 I 1 Adopted Budget
PURPOSE OF AN ANNUAL BUDGET
The basic purpose of the Town of Prosper Budget bto serve asa communication tool to residents, businesses, and employees
regarding the Town's financial plan. The budget is designed *o provide clear and accurate information oo Town stakeholders with
respect to how their local government is organized and how boperates.
BUDGET DETAILS
The Town's fiscal year ufrom October 1st to September 30th. Beginning October 1st, the approved budgets are appropriatiedto 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
una 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 uf official levy uf the property tax as the amount of tax tobe assessed and collected for the
corresponding tax year.
PREPARATION mF 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 FvzVz1 Budget Process will he the third year
for electronic transmission of the materials ima Budget Preparation Manual . Submissions include funding requests for improvements
m 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 mSeptember when the budget i, legally enacted through the passage ofanordinance.
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 uf any fund must be approved bv the Town Council.
Expenditures for goods mpurchased services are documented by receipts, invoices, purchase orders mcontracts.
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
Fiscal Year 2010'2011 12 Adopted Budget
FY 2010 - 2011 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:
- --
May 25,2.010
June 15
/
June 29
23
/August 2
[ -
August
August 10
August 15
- - - ---'---- -----
Action
2010-2011 budget process initiated.
Finance Director
�
the end cf the current fiscal year, Continuation budget and Program
iEnhancement budget requests and related forms. Submit by email
lno
| -- and Department Heads
Receive certified tax roll from Appraisal Districts.
�
Preliminary Budget Workshop -Revenuesandrecommendedbudget
reviewed Council
Publish effectiv�andm||backtaxrates
| .
!
Council receives Town Managers Proposed Budget. Town Manager
files Proposed Budget with Town Secretary
i
(at least 3O days prior to tax levy)
�August 20
`
August 24
i
August 27
September 14
|
September 15
September 30
| October I
Meeting ofgoverning body to discuss tax rate; if proposed tax rate
will exceed the rollback rate o, the effective tax rate (whichever is
(
lower), and schedule public he h
|
Publication of public hearing notices on the proposed budget and
increase o( tax rate -if the tax rate exceeds the effective rate (not
|
earlier than the ]0* day nr later than the 1Um day prior mnthe
|
hearing) �
|72 Hour Notice Publication of public hearing notice nnthe
' pvoposedbudgetandincneaseoftoxra»e -ifd/etaxrateexceeds
�
the effective ,ate '
|
First public hearing nn the proposed budget and increase of tax rate
'-
|fthetamnateexceeds the effective rate |
'
Notice ^f Vote on Tax Rate Published newspaper and Web site |
- ---least 7 days ----- before meetin - ----'�����n����—'-
Town [oum�\Meebngto pass Ordinance aUupdngthe2D1O-2U11
!
Budget and 2nzo Tax Rate tobe considered bY the Town Council.
�Final approved budget tobefiled with Town Secretary.
- �
Copies
�
Heads AND Tax Assessor/Col lector and Appraisal District notified of |
/
�
current year tax rate. !
Taxes are billed by the Tax Assessor/Collector.
Department Heads
'---' --- ---'
Finance Director
Chief Appraisers �
Town Manager and �
Town Council '
Finance Director |
Town Manager,
Town Council,
Finance Director and
Town Secretary
Finance Director
Finance Director and
Town Secretary �
Town Manager and |
Town Council /
Finance Director and �
Town 1 Manager |
Town Council _
Finance Director and |
Town Secretarry
Finance Director
-Tax Assessor _�
Fiscal Year 2010-2011 13 Adopted Budget
Fiscal Year 2010 -2011 14 Adopted Budget
np
PIIOlop
TOWN OF
4
SPER
Prosper is a place where everyone matters.
I relm
•
Town Council
Vision and Strategic Workplan
Organizational Chart
Schedule of Authorized Positions
Location and Map
Town History
Population
Average Residential Property Tax Bill
"Honoring Our Past and Paving Our Future"
11M
V
np
PIIOlop
TOWN OF
4
SPER
Prosper is a place where everyone matters.
I relm
•
Town Council
Vision and Strategic Workplan
Organizational Chart
Schedule of Authorized Positions
Location and Map
Town History
Population
Average Residential Property Tax Bill
"Honoring Our Past and Paving Our Future"
11M
x.
tt
V V
I �17
FISCAL YEAR 2010-2011 ADOPTED BUDGET
La
Council Member Place 1
Dave Benefield
Term: May 2013
Council Member Place 3
David Vestal
Term: May 2011
Council Member Place 5
Danny Wilson
Term: May 2011
Mayor
Ray Smith
Term: May 2013
Pl"hT W
ON 01,
SPER
TOWN
COUNCIL
The Mayor and each of the six (6)
Council Member places are elected at
large according to the Town Charter.
Council Member Place 2
Mayor Pro-Tem
Kenneth Dugger
Term: May 2012
Council Member Place 4
Deputy Mayor Pro-Tem
Meigs Miller
Term: May 2013
Council Member Place 6
Jason Dixon
Term: May 2012
Fiscal Year 2010-2011 17 Adopted Budget
Fiscal Year 2010 -2011 18 Adopted Budget
GOAL #1 SECURE THE TOWN'S FINANCIAL FUTURE
a. Be sound steN\ards of the ToNNn-s resources and assets.
i. Implement a performance excellence management system
ii. Adopt policies supporting budget goals and objectives_ asset ins estment.
personnel, purchasing. return on investment strategies, and debt
management strategies
iii. Implement rate structures throughout the organization that support the cost of
operations- specifically related to eater. sever and storni\\atcr utilities.
iv. Develop and implement financial incentives fo r public private pa rtne rs h ips
that benefit the communitN xNith sustainable infrastructure as well as
de% elopment.
c. Implement strateg\ for information technologi . dispatch and radio
reimbursements
GOAL #2 ACTIVELY ENGAGE CITIZENS
a. Develop a holistic communication s\ stem that is personal and transparent.
i. Utilize as mane communication tools available recognizing the diversity
and flexibility these tools offer.
ii. Establish relationships bct«een the ToNNn's organization and the
communit-N that im ohes consistent and regular personal contact betNNeen
residents, neighborhoods businesses and the people pro\ iding serk ices in
the To\\ n of Prosper.
iii. Mobilize ex cr\ one in the community in marketing Prosper
i\. Tov, n leadership vill model and be accountable to excellent customer service
b. Provide a myriad of opportunities for residents to interact with each other and the
organizations that sere the communitN.
i. Partner x\ ith the Prosper Independent School District on as many mutuall\
beneficial projects possible
ii. Create a Citizens 2010 Bond Committee.
iii. Create a ToN\ n Charter committee to consider amendments to the To%\ n Charter
i%. Promote the Ser% eProsper campaign and programs creating opportunities
for aiding local residents in \ arious stages of need.
v. The ToxN n x\ ill host timch community meetings. World Caffs, to discuss
community issues and opportunities.
Fiscal Year 2010-2011 19 Adopted Budget
GOAL #3 MAKE PROSPER A JEWEL
a. Create a sense of place for each resident and business to identifN NN ith.
i. Update the ToNNn's Comprchensrvc Plan. Zoning Regulations. Subdi� ision
Regulations and Dex elopment Standards. Propert} Maintenance and Sign Code
to reflect Prospers Purpose.
ii. Create an image blueprint for the Tov n's major thoroughfares and all municipal
construction projects that provide a ), isual tie that binds the community
together.
iii. Build ph}sical environments that promote gathering places for the conununit-, to
come together.
b. Create a communit\ that is looking forN\ard. encourages and embraces change.
i. Aggressix el\ pursue and secure economic deg elopment opportunities that
NN ill capture the market
ii. In\ est in municipal infrastructure. architecture and de\ elopment that
reflect excellence Nyithout compromise and supports Prospers propose.
iii Create multiple opportunities for the Town to partner ,Nith Collin and Denton
Countv's to enhance sen ices and infrastructure pro% ided to the citizens of
Prosper.
i� . Complete annexation process for areas in Prospers remaining ETJ
GOAL #4 ENHANCE PUBLIC SAFETY
a. Position the Fire and Police Departments to be proactix e.
i. Implement necessar} improvements to support the Fire Departments goal
to successfulh reach an ISO Rating of ; or better.
ii. Expand Public Safer,, to include support for customer centered code
enforcement.
iii. Where feasible consider establishing partnerships NN ith neighboring
communities for joint dispatch. fire. first responder and ambulance
sen ices.
iv. Finalize plans for providing Public Safet} sen ices for residents lip ing and
NN orking in the v%estern portion of Prosper.
Establish level of sery ice parameters that support the effecti� eness of
Public Safeh personal.
b. Utilize technology to proN ide more opportunit,, for personal scn ice.
i. Construct the necessan_ communications infrastructure for adequate
coverage for the entire community .
ii. Train all departments and CERT in NIMS
Fiscal Year 2010 -2011 20 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 I and 2)
5. Adopt Budget Policies (Goal 4)
PUBLIC SAFETY AND SECURITY
1. Build Dispatch Center (Goal 3 and 4)
2, Lower 150 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)
5. 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 2010-2011 21 Adopted Budget
Fiscal Year 2010 -2011 22 Adopted Budget
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Fiscal Year 2010 -2011 24 Adopted Budget
Denton
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The Town of Prosper, TNis located inNorth
Central Texas, and covers approximately I7
square miles of the Dallas/Forth Worth
K4etrmp|en("[)FVV"). 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 38O,and is just five minutes
north of the bustling Dallas North To|ivvay
cities of Frisco and Plano.
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 OFVV 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 Lo turn up sharply in the next few
Fiscal Year 2010-2011 25 Adopted Budget
Prosper began with the first settlers arriving in this area in 1846.
Those who settled here were drawn to North Texas' black prairie
soil - rich, fertile land that nurtured a thriving cotton crop in a time
when cotton was "King ". Between 1850 and 1902, two
settlements coexisted. One community, two miles south of the
present town, was called Rock Hill. The second community, one
mile north, was called Richland. The development of these small
communities was expedited in 1876 when County Courts ordered
small tracts of land to be established for quick sale. These tracts,
each approximately 160 acres in size, were sold for $3.50 per acre.
Dr. A. T. Bryant of McKinney purchased one of the tracts, which
later became the geographic nucleus for the Town of Prosper.
i
"". . .
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 in 1914 with a commission form of
government and a population of 500. U.N. Clary was Mayor and served in
that position for the next 49 years. It served for decades as a market center
for area farmers and their abundant cotton and corn crops.From the mule
drawn wagon and horse drawn buggy, the automobile evolved. Thus began
the evolution of people moving in and out of the rural community.
Surviving the war and the depression, the mechanization of farming
provided the next big impact on Prosper's population. In 1980, the
introduction of light industry, combined with the growth of the Metroplex,
led to a 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 is 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 of Prosper is " A Place Where Everyone Matters."
Fiscal Year 2010 -2011 26 Adopted Budget
25,000
1 111
15,000
10,000
5,000 - - -- - -- - -- - - -- - -- --
2097 2250 2400 2700 3,
501 675 1018 _ I
0 �-
�o
ti° °o ° � o� o% o
ti° o ,y ,o ,o ,y ti
22,250
oti� o"' ` o6� oti°
ti ti ti ti
Source: Population estimates to date are from North Central Texas Council of Governments;
Future estimates are from Town of Prosper Staff
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.
1
-----------
V L
r' ..- - - -- -- -- ---- - -- -- -- i
Fiscal Year 2010 -2011 27 Adopted Budget
The average property tax bill for a Prosper resident in Collin County is calculated below assuming
the 2010 average home taxable value of $333,084 at the adopted rate for Prosper of $0.52 per $100
taxable valuation with no exemptions.
Town of
Prosper,
$0.520000,
21.00%
Collin Cc
$0.0863uu ,
3.49
Prosper ISD,
$1.630000,
65.82%
$0.240000,
9.69%
The tax rates of entities are from the Collin CAD and DentonCAD websites.
Below is a quick comparison of the Town of Prosper's Property Tax Rate to other cities.
$1.00
$0.90
$0.80
$0.70
$0.60
$0.50
$0.40
$0.30
$0.20
$0.10
$0.00
2010 Tax Rates
Rounded to 3 digits if longer
F
Fiscal Year 2010 -2011 28 Adopted Budget
Rate per
$100 Valuation
Tax Levy
Town of Pros er s
$ 0.520000 I
$
19732.04
Prosper ISD
$ 1.630000 1
$
5,429.27
Collin County
$ 0.240000
Collin College
$ 0.086300
$
287.45
Town of
Prosper,
$0.520000,
21.00%
Collin Cc
$0.0863uu ,
3.49
Prosper ISD,
$1.630000,
65.82%
$0.240000,
9.69%
The tax rates of entities are from the Collin CAD and DentonCAD websites.
Below is a quick comparison of the Town of Prosper's Property Tax Rate to other cities.
$1.00
$0.90
$0.80
$0.70
$0.60
$0.50
$0.40
$0.30
$0.20
$0.10
$0.00
2010 Tax Rates
Rounded to 3 digits if longer
F
Fiscal Year 2010 -2011 28 Adopted Budget
vty
PIITOWN OF
SPER
Prosper is a place where everyone matters.
FUND SUMMARIES
0
Consolidated Town Fund Summaries
Individual Fund Summaries
"Honoring Our Past and Paving Our Future"
F
4
FISCAL YEAR 2010-2011 ADOPTED BUDGET
a.
ANNUAL SUMMARY
FUND
ACCOUNT TYPE
ACTUAL
2008-2009
I BUDGETED
2009-2010
I PROJECTED
2009-2010
I ADOPTED
BUDGET
2010-2011
GENERAL REVENUES
6,156,518
6,535,689
6,720,293
7,115,112
EXPENDITURES
5,765,954
6,535,689
6,528,744
7,115,112
NET REVENUES OVER (UNDER) EXPENDITURES
390,564
0
191,549
0
WATER / SEWER REVENUES
4,827,639
5,560,932
5,431,125
5,580,510
EXPENDITURES
4,663,927
5,537,562
5,460,292
5,680,190
NET REVENUES OVER (UNDER) EXPENDITURES
163,712
23,370
(29,167)
(99,680)
DEBT SERVICE (I&S) REVENUES
2,274,267
2,209,934
2,218,250
2,185,128
EXPENDITURES
2,067,682
2,081,334
2,486,006
2,000,498
NET REVENUES OVER (UNDER) EXPENDITURES
206,585
128,600
(267,756)
181,630
CAPITAL PROJECTS REVENUES
14,413,392
297,000
1,667,504
290,0001
EXPENDITURES
4,688,551
96,885
10,150,131
6,496,885
NET REVENUES OVER (UNDER) EXPENDITURES
9,724,841
200,115
(8,482,627)
(6,206,885)
PARKS REVENUES
289,755
228,000
649,215
228,000
EXPENDITURES
194,216
611,000
802,220
201,000
NET REVENUES OVER (UNDER) EXPENDITURES
95,539
(383,000)
(153,005)
27,000
IMPACT FEES REVENUES
656,371
675,000
2,363,000
675,000
EXPENDITURES
422,499
250,000
703,813
1,300,000
NET REVENUES OVER (UNDER) EXPENDITURES
233,872
425,000
1,659,187
(625,000)
INTERNAL SERVICE REVENUES
34,070
71,510
71,635
71,5101
EXPENDITURES
1,961
50,000
50,000
50,000
NET REVENUES OVER (UNDER) EXPENDITURES
32,109
21,510
21,635
21,510
SPECIAL REVENUE REVENUES
394,041
61,200
245,739
52,400
EXPENDITURES
80,442
60,000
78,765
59,200
NET REVENUES OVER (UNDER) EXPENDITURES 313,599
1,200
166,974
(6,800)
STORM DRAINAGE REVENUES
-
75,500
153,141
168,700
EXPENDITURES
60,000
69,500
161,400
NET REVENUES OVER (UNDER) EXPENDITURES
15,500
83,641
7,3001
Fiscal Year 2010-2011 31 Adopted Budget
FUND BALANCE AND RESERVE POSITIONING
ACTUAL BUDGETED -PRO-JECTED I I
BUDGET
I n-jr-M IACCOUNT TYPE I 2M-"W 1 2009-2010 2010-2011
REVENUES Property Tax
3,060,078
3,227,903
3,372,500
3,880,789
Sales Tax
1,077,128
1,241,843
1,103,700
1,103,500
Franchise Tax
428,027
330,100
317,650
327,550
Licenses, Fees, and Permits
549,536
554,850
641,743
636,575
Charges for Services
133,306
195,250
172,185
196,505
Grants
275,469
320,070
337,500
234,183
Investment Income
92,728
56,000
110,950
50,500
Fines, Warrants and Seizures
226,678
222,500
210,000
220,000
Contributions
-
-
Miscellaneous
73,087
44,050
66,212
36,110
TOTAL REVENUES
5,916,037
$ 6,192,566
$
6,332,440
$
6,685,712
EXPENDITURES General Government
939,080
1,021,286
1,021,330
1,181,322
Police Department
1,072,158
988,155
937,082
1,075,915
Dispatch
-
368,989
337,243
475,295
Court
213,807
233,311
216,104
233,010
Fire Department
1,897,490
1,806,831
1,921,571
1,987,130
Fire Marshall
-
110,850
109,371
114,355
Streets
257,066
338,151
346,879
276,855
Parks and Recreation
159,729
428,932
345,978
505,935
Engineering
137,741
137,215
144,427
144,735
Inspections
469,804
396,577
362,492
410,285
Code Enforcement
-
132,548
125,045
136,290
Planning
390,628
311,851
315,076
279,455
Communications
-
88,680
87,472
78,855
Capital Outlay
159,656
142,072
228,434
185,435
TOTAL EXPENDITURES
$
5,697,159
$ 6,505,449
$
6,498,504
$
7,084,872
Period Excess /(Deficit)
$
218,878
$ (312,883)
$
(166,064)
$
(399,160)
OTHER FINANCING Capital Leases Proceeds
40,979
35,230
35,230
Transfers (out) for Debt Service
(40,580)
-
-
-
Transfers In Capital Assets
199,502
343,123
352,623
429,400
Transfer for Operations
(28,215)
(30,240)
(30,240)
(30,240)
TOTAL OTHER FINANCING SOURCES (USES)
$
171,686
$ 312,883
$
357,613
$
434,390
NET CHANGE IN FUND BALANCE
$
390,564
$ 0
$
191,549
$
35,230
BEGINNING FUND BALANCE
$
4,007,042
$ 4,397,606
$
4,397,606
$
4,589,155
ENDING FUND BALANCE
$
4,397,606
$ 4,397,606
$
4,589,155
$
4,624,385
BALANCE OF UNRESTRICTED FUNDS
$
4,397,606
$ 4,397,606
$
4,589,155
$
4,624,385
Less: 25% Reserve (90 Days)
1,424,290
1,626,362
1,624,626
1,771,218
10% Contingency per Charter (36 Days)
569,716
650,545
649,850
708,487
AMOUNT OVER (UNDER) MINIMUM RESERVE TARGET
$
2,403,600
$ 2,120,699
$
2,314,679
$
2,144,680
AMOUNT OVER (UNDER) IN DAYS OPERATING COST
152
117
128
109
Fiscal Year 2010-2011 32
Adopted Budget
NET ASSETS AND RESERVE POSITIONING
FUND
1ACCOUNT TYPE
ACTUAL
2008-2009
I BUDGETED I
2009-2010
PROJECTED
2009-2010
ADOPTED
I BUDGET
2010-2011
REVENUES- Operating Water and Sewer Charges
4,032,768
4,758,682
4,490,500
4,791,410
Sanitation Charges
497,954
571,000
563,000
580,000
Water and Sewer Connections
155,563
135,000
242,500
135,000
Service Initiation Fees
33,970
18,000
32,800
18,000
Miscellaneous
42,669
16,100
28,325
16,100
Total Operating
$
4,762,924
$
5,498,782
$
5,357,125
$
5,540,510
Non-Operating Interest Income
2,744,620
64,715
Depreciation & Amortization
62,150
-
74,000
-
40,000
Total Non-Operating
$
64,715
$
62,150
$
74,000
$
40,000
Trasfers In Operating Transfers
1,369,896
-
Total Non-Operating
$ 631,716
$ 1,369,896
-
1,369,896
-
Transfers in from Other Funds
$ 4,459,700
-
$
-
$ 5,257,465
-
$ 367,939
-
Total Transfers In
$
-
$
1,151,170
$
-
$
-
TOTAL REVENUES
$
4,827,639
$
5,560,932
$
5,431,125
$
5,580,510
EXPENSES- Operating Personnel Services 588,248 572,920 555,655 575,945
Materials and Supplies
220,606
507,988
436,523
386,075
Contractual Services
2,517,599
2,738,910
2,744,620
2,941,980
Depreciation & Amortization
501,531
-
-
-
Total Operating
$ 3,827,984
$ 3,819,818
$
3,736,798
$ 3,904,000
Non-Operating Interest Expense & Fiscal Charges
631,716
1,369,896
1,369,896
1,353,465
Total Non-Operating
$ 631,716
$ 1,369,896
$
1,369,896
$ 1,353,465
TOTAL EXPENSES Before operating Transfers
$ 4,459,700
$ 5,189,714
$
5,106,694
$ 5,257,465
Net Income (Loss) Before Operating Transfers
$ 367,939
$ 371,218
$
324,431
$ 323,045
TRANSFERS Transfers in (out) for Debt Service
1,151,170
-
-
-
Transfers Out for Internal Service
(4,725)
(4,725)
(4,725)
(4,725)
Transfers Out for General Fund
(199,502)
(343,123)
(348,873)
(418,000)
Transfers in (out) for Capital Asset,,
1,760,939
Total Transfers
$ 2,707,882
$ (347,848)
$
(353,598)
$ (422,725)
CHANGE IN NET ASSETS
BEGINNING NET ASSETS
ENDING NET ASSETS
25% Minimum Operating Reserve (90 Days)
2% Capital Replacement Reserve
$ 3,075,821 $ 23,370 $ (29,167) $ (99,680)
$ 9,700,660 $ 12,776,481 $ 12,776,481 $ 10,980,947
$ 12,776,481 $ 10,849,529 $ 10,980,947 $ 10,881,267
905,939 867,993 845,800 870,319
231,902 449,507 449,507 681,409
Fiscal Year 2010-2011 33 Adopted Budget
Fiscal Year 2010 -2011 34 Adopted Budget
Fiscal Year 2010 -2011 35 Adopted Budget
Fiscal Year 2010 -2011 36 Adopted Budget
FUND BALANCE
Fiscal Year 2010-2011 37 Adopted Budget
ADOPTED
ACTUAL
BUDGETED
PROJECTED
BUDGET
REVENUES Impact Fees 'Water
221,531
200,000
200,000
200,000
Impact Fees ' Sewer
145,051
150,000
220,000
150,000
Impact Fees 'Thoroughfare
252.553
300.000
1.e00.000
300.000
Investment Income
37,236
25000
48000
25000
TOTAL REVENUES
o
65e.371
$ 675.000
$ 2,363,000
$
675.000
EXPENDITURES General 'Water
-
150.000
150.000
'
General 'Sewer
'
100.000
100.000
'
Genem| - Thomughfam
42.621
-
54.313
'
Capital Outlay -Water
'
-
'
Capital Outlay 'Sewer
'
-
252.500
800000
Capital Outlay Thoroughfare
TOTAL EXPENDITURES
*
au/nm
$ 250,000
$ 703,813
$
1.300,000
Period Exmesa/(Demvit)
$
573,e58
$ 425.000
$ 1.659.1e7
$
(625.000)
OTHER FINANCING Transfers In
'
-
'
'
Transfers Out
(340,086)
-
-
TOTAL OTHER FINANCING SOURCES (UmsS)
$
(340.086)
$ '
$ -
$
'
NET CHANGE |NFUND BALANCE
$
233.872
$ 425.000
$ 1.6e9.187
$
(625.000
BEGINNING FUND BALANCE
$
3.962.65e
$ 4.196.528
$ 4.1e6.528
$
5.855.715
ENDING FUND BALANCE
$
4.196,52e
$ 4.621.528
* 5.855'715
$
5.230.715
Fiscal Year 2010-2011 37 Adopted Budget
Fiscal Year 2010 -2011 38 Adopted Budget
Fiscal Year 2010 -2011 39 Adopted Budget
Fiscal Year 2010 -2011 40 Adopted Budget
BALANCE
ADOPTED
ACTUAL BUDGETED PROJECTED BUDGET
FUND ACCOUNT TYPE 1 2008- 2009 1 2009 -2010 1 2009 -2010 1 2010 -2011
REVENUES
1 EXPENDITURES
Sales Tax 357,564 346,000 366,667 366,667
Investment Income 19,622 24,000 31,000 20,000
Other Income 50 0 58,062 0
General
NET CHANGE IN FUND BALANCE
BEGINNING FUND BALANCE
ENDING FUND BALANCE
TOTAL REVENUES
$ 377,235
$
370,000
$
455,729
$
386,667
penses
231,165
324,790
303,939
157,755
TOTAL EXPENDITURES
$ 231,165
$
324,790
$
303,939
$
157,755
Period Excess /(Deficit)
$ 146,070
$
45,210
$
151,790
$
228,912
$ 146,070
$
45,210
$
151,790
$
228,912
$ 1,167,412
$
1,313,482
$
1,313,482
$
1,465,272
$ 1,313,482
$
1,358,692
$
1,465,272
$
1,694,184
Fiscal Year 2010 -2011 41 Adopted Budget
Fiscal Year 2010 -2011 42 Adopted Budget
T`a
p TOWN OF
Tows
APE
R
Prosper is a place where everyone matters.
4
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
"Honoring Our Past and Paving Our Future"
I
FISCAL YEAR 2010-2on ADOPTED BUDGET
Revenue Category
Property Tax
Sales Tax
_License, Fees 8'Permits
_ '_-___.'-__-____'
Transfers |n
- ____-_'—__'
FranchbeFees
__---_'-__'-- .'-- --
Grants
Fines & Warrants
Charges for Services
Investment Income
Miscellaneous
Revenue Total
Charges for Services
Fines &Warrants $310905
Franchise Fees $220,000 -3%-
$327,550 Grants 3%
Transfers In 3%
License, Fees&
Permits
$622,175
9%
Sales Tax
$1,103,500
Investment Income
$5C\SOO
196 Miscellaneous
------- $36'110
0.5%
Property Tax
$3,880,789
Fiscal Year 2010-2011 45 Adopted Budget
622,175
.7
Charges for Services
Fines &Warrants $310905
Franchise Fees $220,000 -3%-
$327,550 Grants 3%
Transfers In 3%
License, Fees&
Permits
$622,175
9%
Sales Tax
$1,103,500
Investment Income
$5C\SOO
196 Miscellaneous
------- $36'110
0.5%
Property Tax
$3,880,789
Fiscal Year 2010-2011 45 Adopted Budget
$1,400,000
$1,200,000 } - - - --
$1,000,000 - -- - - - - -- -- - - - -- - -
$255,
$242304
$$800,000 - --
$200,749
0
0
L
F
$400,000 -- -- - - - -- - - --
$200,000 - -- $ 600 $
$ ,864 $ ,199 '
$342,977 $344,458
2002 2003 2004 2005 2006 2007 2008 2009 2010
■ aCertified Net Assessed Taxable Valuations —Avg Home Taxable Value
Source: Collin County Certified Tax Rolls 2002 -2010
Certified Net Assessed Taxable Increased 3.99%
Existing Property Values Increased 0.35% Overall,
New Construction Totaled $ 45 Million
Annexations Totaled $ 56 Million and were all in Collin County for this tax year
Ad Valorem Taxes
Total Freeze Adjusted Taxable Value
Times Tax Rate (Per $100)
Times Anticipated Tax Collections
Plus Actual Tax on Freeze
TOTAL TAX LEVY
One Penny on the Tax Rate
$400,000
$350,000
$300,000
$ 250,000
$200,000
$150,000
$100,000
$50,000
$1,078,743,903
0.52
100%
$322,449.00
$5,931,917
$107,874
Fiscal Year 2010 -2011 46 Adopted Budget
Fiscal Year General Fund I & S Fund
2002 -03
0.244698
0.115302
2003 -04
0.218440
0.105660
2004 -05
0.188440
0.291260
2005 -06
0.184549
0.220836
2006 -07
0.184549
0.314268
2007 -08
0.275075
0.244925
2008 -09
0.305011
0.214989
2009 -10
0.314084
0.205916
2010 -11
0.334742
0.185258
I & S Flinn
36!
General Fund ■ I & S Fund
Total
0.360000
0.324100
0.479700
0.405385
0.498817
3
0.520000
0.520000
0.520000
0.520000
0.0 0.1
Tax Rate Distribution
FY 2010 -2011
T I I I
0.2 0.3 0.4 0.5 0.6
FY 2009 -2010
I &5
Fund
40%
General
Fund
60
FY 2008 -2009
I &S
Fund
41%
;£qr
General
Fund
59%
?ral Fund
64%
FY 2007 -2008
I &5
Fund
47%
General
Fund
53%
Fiscal Year 2010 -2011 47 Adopted Budget
$2,500 �— --
i
$2,000 - - - -- -
$1,500 - - -- --
F1
$323
ru $1,000 �-- ----- - - - - -- - - -- - - - - - - - --
0
0
$228 s
$178 $187 $
$500 - - - -- - - - - - - -- $ -i- _- 7,o -
f $55 3 35
1 $17 $22 $35
$-
X51 T 1�t�5 _ Q6 - -� -�— it t
r-
'0
yti�\ �ti�� p\�`) ti o� o��
C�CPC�CP4 �(ZP ''61 Qoop 'Z°` � °p o� o� ti° titi
(Zp \ �"P
�J
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 15.5% of General Fund revenues and are the second
largest source of revenue for the General Fund Budget . The Town examines the market
conditions in Prosper and the Metroplex in budgeting sales tax conservatively year to year.
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 2011 since the construction industry often lags the market.
Fiscal Year 2010 -2011 48 Adopted Budget
1 $502
$469
—
--
$428
— -- 5435
$358 5367
'0
yti�\ �ti�� p\�`) ti o� o��
C�CPC�CP4 �(ZP ''61 Qoop 'Z°` � °p o� o� ti° titi
(Zp \ �"P
�J
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 15.5% of General Fund revenues and are the second
largest source of revenue for the General Fund Budget . The Town examines the market
conditions in Prosper and the Metroplex in budgeting sales tax conservatively year to year.
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 2011 since the construction industry often lags the market.
Fiscal Year 2010 -2011 48 Adopted Budget
Revenue Category
FY 2011 Adopted
% of Total
Water Charges
$3,300,000
59.1% s
Sewer Charges
$1,471,410
26.4%
Solid Waste Charges
$580,000
10.4%
Tap & Construction
$135,000
2.4%
=Investment Income
$40,000
0.7%
44
Penalties
_
$20,000
-
0.4%
:License, Fees & Permits
$19,100
0.3%
`Miscellaneous
$151000 1
0.3% 1
Revenue Total
$5,580,510
100.0%
Solid Waste Chai
$580,000, 10
Tap & Construction, Other Sources,
t1 'AS n n n 3o/. 594 -100. 2%
Water Charges,
53- 300.000 , 59%
Sewer Charges,
$1,471,410, 26%
Fiscal Year 2010-2011 49 Adopted Budget
Revenue Category
Debt
Service
Capital
Projects
Parks
Impact Fees
Internal
Service
Special
Revenue
Storm
Drainage
EDC
Property Tax
2,161,128
-
-
-
-
-
-
-
SaIes Tax
-
-
-
-
-
-
-
366,667
Investement Income
24,000
55,000
8,000
25,000
500
-
200
20,000
License, Fees & Permits
-
-
220,000
-
-
6,900
168,500
Impact Fees
-
-
650,000
-
-
-
Contributions
-
-
-
-
-
43,500
-
-
Escrow Income
-
-
-
-
-
-
-
-
Grants/ Reimbursements
-
235,000
-
-
2,000
-
Transfers In
-
-
71,010
-1
-
Fund Total Revenues
2,185,128
1 290,000
1 228,000
675,000
1 71,510
1 52,400
1 168,700
1 386,667
Parks
Investement
Income
License,
Fees &
Permits
96%
License,
Fees & Special Revenue
Capital Projects
Impact Fees
Investement
Income
4%
Impact Fees
96%
Permits Investement
13% Income
l 0
Grants/
Reimb. contribution
3 %, 86%
Storm Drainage
License,
Fees &
Permits
100%
Internal Service
Investement
Income
1%
Transfers In
99%
Investement
Income EDC
5%
Sales Tax
95%
Fiscal Year 2010 -2011 50 Adopted Budget
p TOWN OF
T 4
;I
SPE
R
Prosper is a place where everyone matters.
C.73
APPROPRIATIONS
0
General Fund Total Appropriations
General Fund Departmental Appropriations
Water & Sewer Fund Appropriations
Water & Sewer Fund Departmental Appropriations
EDC Fund Departmental Appropriations
"Honoring Our Past and Paving Our Future"
�z *kf 'T f-,
0
y T,
i
r
a�
r, yq
IT
i i 1 f•
FISCAL YEAR 2010 -2on ADOPTED BUDGET
APPROPRIATIONS
CATEGORY
$8,000
FY 2008
ACTUAL
FY 2009
I ACTUAL
FY 2010
ADOPTED
I BUDGET
FY 2010
AMENDED
BUDGET
FY 2010
PROJECTED
ACTUAL
FY 2011
ADOPTED
BUDGET
Personnel
3,058,723
3,837,315
4,321,324
4,324,157
4,353,193
4,791,400
Materials & Supplies
181,243
256,293
297,010
304,351
280,795
272,210
Town Services & Maintenance
282,246
332,607
419,475
420,092
386,083
468,697
Contractual/Professional Services
1,153,726
1,114,441
1,214,257
1,339,777
1,265,333
1,367,130
Capital
331,346
215,301
115,040
117,072
189,009
185,435
Interfund Transfers
8,100
28,215
30,240
30,240
30,240
30,240
TOTAL $
5,015,384
$ 5,784,172
$ 6,397,346
$ 6,535,689
$ 6,504,653
$ 7,115,112
Interfund Transfers
$8,000
$7,000 _
■ Capital
$6,000
+ Contractual/Professional
$5,000
Services
-
■TON'n Services &
$4,000 -
Maintenance
$3,000
Materials & Supplies
$2,000 _
■Personnel
$1,000
$0 -
Thousands FY 2008 FY zoos FY 2010 FY 2010 FY 2010 FY 2011
ACTUAL ACTUAL ADOPTED.. AMENDED... PROJECTED ACTUAL ADOPTED. .
INCREASE (DECREASE) IN EACH CATEGORY OVER TIME
248%
250% - I
z 200% -
O
w 138%
150% -
C
C
100% -
60%
41%
38%
50% _ 33% 25 13% 10% 10% 24% 8 %16 21% 14 %8/ Q°ls 7% 15 %12% %
w -
-50% - -28% -35%
Personnel Materials & Town Serv. & Contract. /Pro. Capital Interfund Total Change
Supp. Maint. Services Transfers
��. FY07 Actual to FY08 Actual FY08 Actual to FY09 Actual ■ FY09 Actual to FY10 Projection s FY10 Projection to FY11 Budget
Fiscal Year 2010 -2011 53 Adopted Budget
Department _ „ry..v..
FY 2011 _Adopted
..,...._.
% of Total µ^y- A
_.
Administration -
$1,248,762
I
rPolice
$1,179,150
16.6% s
>Dispatch
$475,295
6.7/
IFire
$2,029,130
28.5%
Marshall
ire Marsh
$114,355
1.6/
- -
IS
$276,855 a
3.9%
"Library
$78,855
1.1%
jParks
$508,935
- 7.2%
-
(Municipal Court
$233,610 5
3---.3”
.3% s
'Inspections
I
$410,285
5.8%
Code Compliance
$136,290
1 9%
Planning
--
$279,455
3.9%
Engineering
$144,735
2.0%
,Revenue Total
$7,115,112
100.0%
Library
1.1%
Fire
28.5%
Fiscal Year 2010 -2011 54 Adopted Budget
APPROPRIATIONS
CATEGORY
$1,400
FY 2008
ACTUAL
FY 2009
I ACTUAL
FY 2010
ADOPTED
BUDGET
FY 2010
AMENDED
BUDGET
FY 2010
PROJECTED
ACTUAL
FY 2011
ADOPTED
BUDGET
Personnel
546,041
521,108
606,618
534,418
557,543
615,265
Materials & Supplies
10,453
12,989
16,370
16,370
17,782
12,770
Town Services & Maintenance
38,071
62,522
100,185
100,185
106,931
156,237
Contractual/Professional Services
309,071
342,679
319,720
370,313
378,426
397,050
Capital
2,112
5,861
2,000
2,000
12,802
37,200
Interfund Transfers
8,100
28,215
30,240
30,240
30,240
30,240
TOTAL $
913,848
$ 973,374
$ 1,075,133
$ 1,053,526
$ 1,103,724
$ _ 1,248,762
interfundTransfers
$1,400
I
1
I
$1,200
■Capital
0.25
0.25
1
$1,000
a Contractual(Professional
1
1
Services
$800
■Town Services &
$soo
Maintenance
Materials & Supplies
$400
• Personnel
$200 `
$0
Thousands FY 2008 FY 2009 FY 2010 FY 2010 FY 2010 FY 2011
ACTUAL ACTUAL ADOPTED... AMENDED.. PROJECTED ACTUAL ADOPTED...
PERSONNEL
DEPARTMENT Fy 2011
ADDED OR lvncmnlv Tm. ADOPTED I ADOPTED 1 FY 2010IN ! ARDDt F RE VE Tm.RE REMOVE fi PROPOSED I ADOPTED
FULL TIME POSITIONS (FTF,)
Assistant to the Town Manager
Finance Director
Receptionist/Utility Billing Clerk
Town Manager
Town Secretary
PART TIME POSITIONS
t
I
I
I
1
1
I
1
I
I
1
l
0.25
0.25
0.25
1
0.25
1
1
t
1
1
1
1
Finance Clerk 0 0 1 1
TOTAL 5.25 5.25 1.00 0.00 6.25
* Position serves both Administration and Utility Billing fUtu-tions in Tou,n Hall Front Office - Funded 7.5% in Utilities
1
6.25
Fiscal Year 2010 -2011 55 Adopted Budget
APPROPRIATIONS
PERSONNEL
ADDED OR DEPARTMENT
FY 2009 FY 2010 REMOVED IN REQUEST TO FY 2011 FX 21111
POSITION TITLE ADOPTED ADOPTED FY 2010 ADDIREMOVE PROPOSED ADOPTED
FULL TIME POSITIONS (FTE)
Assistant Chief * t 1 1
Captain 1 1 I
Chief I 1 1 1
Dispatch Supervisor ** 1
Executive Assistant * ** 1
Police Officer * * ** 7 6 1 7 7
Sergeant 1 2 2 2
TOTAL 12 10 0 1 11 11
*Position reclassified to reflect additional duties being performed fieyond Captain responsibilities
** Position added to focilitate transition into dispatch operations and transferred to Dispatch Dept (25) once created
* ** Position left vacant anticipating additional staffing required with Dispatch
* * ** One position reclassified from Police Officer to Sergeant in FYIO
Fiscal Year 2010 -2011 56 Adopted Budget
FY 2010
FY 2010
FY 2010
FY 2011
FY 2008
I
FY 2009
ADOPTED
AMENDED
I
PROJECTED
ADOPTED
CATEGORY
ACTUAL
ACTUAL
BUDGET
BUDGET
ACTUAL
BUDGET
Personnel
641,884
757,185
787,275
800,875
762,051
887,475
Materials & Supplies
24,007
37,852
34,700
34,700
24,455
37,690
Town Services & Maintenance
89,175
73,523
89,300
89,300
91,280
92,150
Contractual/Professional Services
187,714
188,533
65,190
63,280
62,643
58,600
Capital
55,596
167,219
66,190
66,190
55,443
103,235
TOTAL $
998,376
$ 1,224,312
$ 1,042,655
$ 1,054,345
$ 995,871
$ 1,119,150
■Capital
$1,400 -
$1,200
-
- ContractuaMofessional
Services
$1,000
■Town Services &
$800
Maintenance
:'
$600 -'
_ .....
_ ....
...
........ _ ... .....
_ _ ......
. _
Materials & Supplies
$400
$200
4, Personnel
$0 {
Thousands
FY 2008
FY 2009
FY 2010
FY 2010
FY 2010
FY 2011
ACTUAL
ACTUAL
ADOPTED...
AMENDED... PROJECTED ACTUAL
ADOPTED...
PERSONNEL
ADDED OR DEPARTMENT
FY 2009 FY 2010 REMOVED IN REQUEST TO FY 2011 FX 21111
POSITION TITLE ADOPTED ADOPTED FY 2010 ADDIREMOVE PROPOSED ADOPTED
FULL TIME POSITIONS (FTE)
Assistant Chief * t 1 1
Captain 1 1 I
Chief I 1 1 1
Dispatch Supervisor ** 1
Executive Assistant * ** 1
Police Officer * * ** 7 6 1 7 7
Sergeant 1 2 2 2
TOTAL 12 10 0 1 11 11
*Position reclassified to reflect additional duties being performed fieyond Captain responsibilities
** Position added to focilitate transition into dispatch operations and transferred to Dispatch Dept (25) once created
* ** Position left vacant anticipating additional staffing required with Dispatch
* * ** One position reclassified from Police Officer to Sergeant in FYIO
Fiscal Year 2010 -2011 56 Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2408
ACTUAL
FY 2009
ACTUAL
FY 2010
ADOPTED
BUDGET
FY 2010
AMENDED
BUDGET
FY 2010
PROJECTED .
ACTUAL
FY 2011
ADOPTED
BUDGET
Personnel
301,185
304,185
288,938
353,670
Materials & Supplies
11,450
11,450
5,645
6,400
Town Services & Maintenance
9,500
9,500
3,186
8,700
Contractual/Professional Services
44,000
43,854
30,932
106,525
Capital
ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED...
6
7
* Position transferred.from Police Dept (20)
TOTAL,
a Capital
$500 -
FY 2010
I ADOPTED
$450 ? —
4 Contractual/Professional
$400
Services
$350
$300
■Town Services &Maintenance
.
$250
1
$200
Materials & Supplies
1
$150
5
$100 'f
a Personnel
$50
6
TOTAL 0
Thousands FY 2008 FY 2009 FY 2010 FY 2010 FY 2010 FY 2011
0
ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED...
PERSONNEL
POSITION TITLE
FY 2009
ADOPTED
FY 2010
I ADOPTED
ADDED OR
REMOVED IN
FY 2010
DEPARTMENT
REQUEST TO
ADDIRE1YlOVE
FY 2011
PROPOSED
FY 2011
ADOPTED
FULL TIME POSITIONS (FTE)
Dispatch Supervisor *
1
1
Dispatcher
5
1
6
6
TOTAL 0
6
0
1
6
7
* Position transferred.from Police Dept (20)
when Dispatch Department Created
Fiscal Year 2010 -2011 57 Adopted Budget
sOWO• _ •
CATEGORY
-FY 204$
ACTUAL
FY 2009
I ACTUAL
FY 2010
t ADOPTED
BUDGET*
FY 2010
AMENDED
BUDGET
FY 2010
PROJECTED
I ACTUAL
FY 2011
ADOPTED
BUDGET
Personnel
987,216
1,616,562
1,476,179
1,500,929
1,619,227
1,675,930
Materials & Supplies
78,970
90,167
103,200
106,200
100,403
96,700
Town Services & Maintenance
114,148
131,160
145,845
145,845
137,769
144,000
Contractual/Professional Services
68,015
59,600
64,800
78,857
73,278
70,500
TOTAL $ 1,454,811 $ 1,905,812 $ 1,832,874 $ 1,874,681 $ 1,960,369 $
* This department previously included Fire Marshal, which has been budgeted separately beginning FY 2010.
■ Capital
$2,500
Contractual/Professional
$2,000
Services
FY 2011
PROPOSED
FY 2011
ADOPTED
$1,500
■Town Services &
Maintenance
Assistant Chief I
$1,000 °.
Materials & Supplies
Captain 3 3 -1
$500
Personnel
Firefighter /Paramedic 15 15
$0
15
Thousands FY 2008 FY 2009 FY 2010 FY 2010 FY 2010 FY 2011
ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED...
PERSONNEL
POSITION TITLE
FY 24!09
ADOPTED
FY 2010
ADOPTED
ADDED OR
REMOVED IN
FY 2010
I DEPARTMENT
REQUEST TO
ADD /REMOVE
FY 2011
PROPOSED
FY 2011
ADOPTED
FULL TIME POSITIONS (FTE)
Assistant Chief I
I
I
Captain 3 3 -1
2
2
Firefighter /Paramedic 15 15
15
15
Fire Marshal * I
PART TIME POSITIONS
Chief I I
I
1
TOTAL 20 19 0
0
19
19
* Position reclassified to reflect additional duties being performed beyond Captain responsibilities
** Position transferred to nelwy created Fire Marshal Dept (35)
Fiscal Year 2010 -2011 58 Adopted Budget
CATEGORY
FY 2008
AC"T"UAL
FY 2009
ACTUAL.
NY 2010
ADOPTED
BUDGET
FY 2010
AMENDED
BUDGET
FY 2010
PROJECTED
ACTUAL
FY 2011
ADOPTED
BUDGET
Personnel
96,740
98,340
98,359
100145
Materials & Supplies
3,460
3,460
2,334
3,960
Town Services & Maintenance
6,950
6,950
4,487
6,950
ContractuaUProfessional Services
2,300
2,100
2,159
3,200
TOTAL $ - $ - $ 109,450 $ 110,850 $ 107,338 $
* This department along with its budget and expenditures were in the Fire Department prior to FY 2010.
•.i I
ADDED OR IPOSInONTI[TLE ADOPTED I ADOPTED � REMOVED IN 1 ADD/REMOVE � PROPOSED � ADOPTED
FULL TIME POSITIONS (FTE)
Fire Marshal *
TOTAL 0 1 0
* Position transferred from Fire Dept (30) when Fire Marshal Department Created
1
0 1
0
Fiscal Year 2010 -2011 59 Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2448
ACTUAL
FY 2009
ACTUAL
FY 2010
ADOPTED
BUDGET
FY 2010
AMENDED
BUDGET
FY 2010
PROJECTED
ACTUAL
FY 2011
ADOPTED
BUDGET
Personnel
96,210
98,940
107,650
111,250
101,901
106,065
Materials & Supplies
35,839
69,405
69,980
69,980
67,038
65,190
Town Services & Maintenance
7,514
6,105
11,740
11,740
7,923
12,200
Contractual/Professional Services
212,278
100,617
87,160
145,181
165,296
93,400
Capital
48,268
8,106
TOTAL
$ 400,109
$ 283,173
$ 276,530
$ 338,151
$ 342,158
$ 276,855
e Capital
$450
ADDED OR
REM IN
24 D
$400 '
ContractuaUProlessional
$350
Services
$300
■Town Services & Maintenance
$250
1
$200
Materials & Supplies
$150
$100
a Personnel
$50
2
$0
Thousands FY 2008 FY 2009 FY 2010
0
ACTUAL ACTUAL ADOPTED..
PERSONNEL
FULL TIME POSITIONS (FIE)
Maintenance Worker
Street Superintendent
TOTAL
FY 2009
AD OPTED
FY 2010
ADOPTED
ADDED OR
REM IN
24 D
REQUEST TO
I AD EM
Fy 201
PROPOSED
Fy 2011
ADOPTS
I
I
1
1
1
1
1
1
2
2
0
0
2
2
Fiscal Year 2010 -2011 60 Adapted Budget
CATEGORY
FY 2008
ACTUAL
FY 2009
ACTUAL
FY 2010
ADOPTED
BUDGET
FY 2010
AMENDED
BUDGET
FY 2010
PROJECTED
ACTUAL
FY 2011
ADOPTED
BUDGET
Personnel
10,797
10,797
11,644
16,990
Materials & Supplies
24,483
24,483
11,617
11,400
Town Services & Maintenance
7,000
7,000
1,861
2,400
Contractual/Professional Services
50,720
46,400
59,052
48,065
Capital
1,000
1,000
400
TOTAI.
$ - $ - $ 94,000
$ 89,680
$ 84,574
$ 78,855
*
This is the second year to fund the Library as a standalone function with
its own departmental budget.
a Capital
$100
#
$90
Contractual/Professional
$80
Services
$70
■Town Services &Maintenance
$60 '
$50
Materials & Supplies
$40
$30
Personnel
$20
$10 '
$0
Thousands
FY 2006
FY 2009
FY 2010
FY 2010
FY 2010
FY 2011
ACTUAL
ACTUAL
ADOPTED...
AMENDED.. PROJECTED ACTUAL
ADOPTED...
PERSONNEL
ADDED OR
DEPARTMENT
FY 2009
FY 2010
REMOVED IN
REQUEST TO
FY 2011
FY 2011
POSMON TITLE
ADOPTED
ADOPTED
FY 2010
ADD/REMOVE
PROPOSED
ADOPTED
PART TIME POSITIONS
Library Assistant
2
2
2
TOTAL
0
2
0
0
2
2
Fiscal Year 2010 -2011
61
Adopted Budget
FY 2008 FY 2009
CATEGORY ACTUAL ACTUAL
Personnel 54,412 77,325
Materials & Supplies 7,034 16,717
Town Services & Maintenance 8,730 6,703
Contractual/Professional Services 26,426 58,223
Capital 16,368 22,451
TOTAL
■ Capital
$600
FY 2010
FY 2011
ADOPTED
$500
PROTECTED
1
ADOPTED
- Contractual/Professional
BUDGET
ACTUAL
BUDGET
Services
$400
■Town Services & Maintenance
225,618
184,804
270,080
$300
12,519
31,413
Materials & Supplies
$200 '
$100
9,860
9,020
t Personnel
192,272
180,935
110,238
208,020
$0 i
3,000
75,923
3,000
Thousands
FY 2008
FY 2009
426,732
ACTUAL
ACTUAL
PERSONNEL
FULL TIME POSITIONS (FTE)
FY 2010
FY 2010
FY 2010
FY 2011
ADOPTED
AMENDED
PROTECTED
1
ADOPTED
BUDGET
BUDGET
ACTUAL
BUDGET
217,285
225,618
184,804
270,080
6,150
12,519
31,413
16,850
8,025
9,860
9,020
10,985
192,272
180,935
110,238
208,020
3,000
3,000
75,923
3,000
426,732
$ 431,932
$ 411,398
$ 508.935
fT "11
Fy .DOPTED I ADOPTED REMOVED IN ADDIREMOOVE PROPOSE
Maintenance Worker 2 2
Parks Supervisor 1
Senior Planner * I
TOTAL 2 4 0
* Position transferred frotn Planning Dept (90) once assigned to oversee Parks
D
i
FY 2011
ADOPTED
2
l
1
4
Fiscal Year 2010 -2011 62 Adopted Budget
APPROPRIATIONS
■Capital
$250
FY 2010
FY 2010
FY 2010
FY 2011
i.
FY 2008
FY 2009
ADOPTED
AMENDED
PROJECTED
ADOPTED
CATEGORY
ACTUAL
ACTUAL
BUDGET
BUDGET
ACTUAL
BUDGET
Services��
E,
Personnel
61,540
64,847
66,530
69,930
77,032
84,380
Materials & Supplies
3,584
4,073
5,835
5,735
3,633
2,550
Town Services & Maintenance
150
2,783
2,410
2,410
3,256
2,450
ContractualIProfessional Services
118,709
142,104
153,735
155,236
129,365
143,630
Capital
$50 ,
Personnel
TOTAL $
183,983
$ 213,807
$ 228,510
$ 233,311
$ 213,287
$ 233,010
■Capital
$250
—
i.
Contractual/Professional
$200
Services��
E,
$150
■ Town Services & Maintenance
$100
Materials & Supplies
$50 ,
Personnel
$0 x
Thousands FY 2008
FY 2009
FY 2010
FY 2010
FY 2010
FY tot t
ACTUAL
ACTUAL
ADOPTED...
AMENDED...
PROJECTED ACTUAL
ADOPTED...
PERSONNEL
Fy 2011 Fy 2011
� POSITION TITLE ADOPTED I ADOPTED REMOVED 2010 IN ADDIREMT OVE PROPOSED ADOPTED
FULL TIME POSITIONS (FTE)
Municipal Court Administrator I
TOTAL 1
1 1 1
1 0 0 1 1
Fiscal Year 2010 -2011 63 Adopted Budget
APPROPRIATIONS
FY 2010
FY 2010
FY 2010
FY 2011
FY 2008
FY 2009
ADOPTED
AMENDED
PROJECTED
ADOPTED
CATEGORY
ACTUAL
ACTUAL
BUDGET
BUDGET
ACTUAL
BUDGET
Personnel 403,116 372,731 332,065 341,615 319,936 340,460
Materials & Supplies 15,941 16,105 10,482 8,519 6,868 8,000
Town Services & Maintenance 18,951 40,448 14,850 14,781 12,590 14,775
Contractual/Professional Services 51,598 41,281 27,500 31,663 24,219 47,050
Capital 2,032 2,834 2,032 2,032
TOTAI, $ 491,638 $ 473,399 $ 384,897 $ 398,610 $ 365,646 $ 410,285
* This department previously included Code Compliance, which has been budgeted separately beginning FY 2010.
• Capital $500 - -
$450
Contractual/Professional $400
Services $350
$300 J
■Town Services & Maintenance $250
$200 a
Materials & Supplies $150
$100 j -
a Personnel $50
$0
Thousands FY 2008 FY 2009 FY 2010 FY 2010 FY 2010 FY 2011
ACTUAL ACTUAL ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED.
PERSONNEL
ADDED OR
DEPARTMENT
FY 2009
FY 2010
REMOVED IN
REQUEST TO
FY 2011
FY 2011
POSMOIN TITLE
ADOPTED
ADOPTED
FY 2010
ADDIREMOVE
PROPOSED
ADOPTED
FULL TIME POSITIONS (FIE)
Administrative Assistant * I 1 1
Building Official 1 1 1 1
Building Inspector ** 2 1 1
Chief Building inspector * ** 1 1 1
Code Enforcement Officer * * ** 1
Permit Technician 1 1 1
Plumbing inspector ** 2 1 I l
Senior Building Inspector I I 1 1
PART TIME POSITIONS
Assistant to the Building Official I 1 1
Permit Technician * ** 1 1 I
TOTAL 9 6 0 0 6 6
* Position reclassified to Permit Technician upon successful exam completion during FYIO
** One position for each title left vacant anticipating additional staffing required with Dispatch beginning FYIO
* ** Positions created based on expanded job duties with existing staff and greater specialized skill sets.
* * ** Position transferred to nelxy created Code Enforcement Dept (85)
Fiscal Year 2010 -2011 64 Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2008
ACTUAL
ACTUAL
FY 2009
ACTUAL
FY 2010
BUDGET
FY 2010
AMENDED
BUDGET
1 FY 2010
PROJECTED
ACTUAL
1 FY 2011
ADOPTED
BUDGET
Personnel
$58,550
$58,750
$58,250
$61,440
Materials & Supplies
$4,100
$3,635
$2,704
$3,900
Town Services & Maintenance
$9,900
$9,751
$7,865
$5,600
Contractual/Professional Services
$59,060
$60,412
$64,139
$65,350
TOTAI, $ - $ - $ 131,610 $ 132,548 $ 132,958 $
* This department along with its budget and expenditures were in the Inspections Department prior to FY 2010.
■ Capital
-
,
I`
ContractuaVProfessional $120
Services
$100
■ Town Services & Maintenance $80
$60
Materials & Supplies
$40
m Personnel $20
$0
Thousands FY 2008
FY 2009 FY 2010
FY 2010 FY 2010
FY 2011
ACTUAL
ACTUAL ADOPTED...
AMENDED.. PROJECTED ACTUAL
ADOPTED...
PERSONNEL
ADDED OR DEPARTMENT
FY 2009 Fy 2010 REMOVED IN REQUEST TO FY 2011 FY 2011
POSITION TITLE ADOPTED ADOPTED FY 2010 ADDIREMOVE PROPOSED I ADOPTED
FULL TIME POSITIONS (FTE)
Code Enforcement Officer 1 1 1
TOTAL 0 1 0 0 1 1
* Position transferred from Inspections Dept (80) when Code Enforcement Department Created
Fiscal Year 2010 -2011 65 Adopted Budget
APPROPRIATIONS
TOTAL $ 317,352 $ 391,136 $ 295,380 $ 311,851 $ 310,923 $ 279,455
* The projected - $4,070 under Town Services & Maintenance represents anticipated flood reimbursements.
■Capital $400
FY 2010
FY 2010
)H Y 2010
FY 2011
FY 2008
FY 2009
ADOPTED
AMENDED
PROJECTED
ADOPTED
CATEGORY
ACTUAL
ACTUAL
BUDGET
BUDGET
ACTUAL*
BUDGET
FULL TIME POSITIONS (FTE)
$150 t'
1
1
Personnel
154,510
209,685
138,800
142,400
146,332
143,650
Materials & Supplies
4,926
8,120
5,850
5,850
5,954
6,100
Town Services & Maintenance
4,504
7,340
8,720
8,720
(4,070)
9,000
ContractuaUProfessional Services
152,904
165,483
142,010
154,881
149,990
120,705
Capital
508
508
BUDGET
12,716
TOTAL $ 317,352 $ 391,136 $ 295,380 $ 311,851 $ 310,923 $ 279,455
* The projected - $4,070 under Town Services & Maintenance represents anticipated flood reimbursements.
■Capital $400
ADDED OR
DEPARTMENT
$350
FY 2009
FY 2010
ContractuaVProfessional $300"
REQUEST TO
FY 2011
I
FY 2011
POSITION TITLE
Services
$250
ADOPTED
FY 2010
ADD/REMOVE
PROPOSED
■Town Services & Maintenance $200
FULL TIME POSITIONS (FTE)
$150 t'
1
1
1
Senior Planner * 2
Materials & Supplies $100 -
r,
1
1
TOTAL 3
2 0
$50
2
* Position transferred to Parks Dept (60) to oversee
Park Operations
Personnel $o
,
($50) ' FY 2008
FY 2009 FY 2010
FY 2010
, FY 2010
FY 2011
ACTUAL
ACTUAL ADOPTED
AMENDED
PROJECTED
ADOPTED
Thousands
BUDGET
BUDGET
ACTUAL'
BUDGET
PERSONNEL
Fiscal Year 2010 -2011 66 Adopted Budget
ADDED OR
DEPARTMENT
FY 2009
FY 2010
REMOVED IN
REQUEST TO
FY 2011
I
FY 2011
POSITION TITLE
ADOPTED
ADOPTED
FY 2010
ADD/REMOVE
PROPOSED
ADOPTED
FULL TIME POSITIONS (FTE)
Planning Tech 1
1
1
1
Senior Planner * 2
1
1
1
TOTAL 3
2 0
0 2
2
* Position transferred to Parks Dept (60) to oversee
Park Operations
Fiscal Year 2010 -2011 66 Adopted Budget
APPROPRIATIONS
■ Capital
$160
FY 2010
FY 2010
FY 2010
FY 2010
FY 2011
$120
FY 2008
FY 20119
ADOPTED I
AMENDED
PROJECTED
ADOPTED
CATEGORY
ACTUAL
ACTUAL
BUDGET
BUDGET
ACTUAL
BUDGET
$40
$20
& Personnel
$0
Personnel
113,794
118,931
121,650
125,050
127,175
135,750
Materials & Supplies
489
867
950
1,450
948
700
Town Services & Maintenance
1,003
2,022
5,050
4,050
3,986
3,250
Contractual/Professional Services
27,011
15,921
5,790
6,665
15,595
5,035
Capital
TOTAL
$ 142,297
$ 137,741
$ 133,440
$ 137,215
$ 147,704
$ 144,735
■ Capital
$160
FY 2010
FY 2011
ADOPTED..
$140
Contractual/Professional
$120
Services
$100
MTown Services &
$80
Maintenance
$60
Materials & Supplies
$40
$20
& Personnel
$0
Thousands FY 2008 FY 2009
ACTUAL ACTUAL
»'JIM91" "
FY 2010
FY 2010
FY 2010
FY 2011
ADOPTED..
AMENDED...
PROJECTED ACTUAL
ADOPTED..
ADDED OR I DEPARTMENT
FY 2009 FY 2010 REMOVED IN REQUEST TO FY 2011 FY 2011
POSITION TITLE ADOPTED I ADOPTED FY 2010 ADD/REMOVE PROPOSED I ADOPTED
FULL TIME POSITIONS (FTE)
Development Services Director I 1 1 1
TEMPORARY POSITIONS
CIP Project Manager * 1 1 I 1
TOTAL 2 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 2010 -2011 67
Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2008
ACTUAL
FY 2009
ACTUAL
FY 2010
ADOPTED
BUDGET
FY 2010
AMENDED
BUDGET
FY 2010
PROJECTED
ACTUAL
FY 2011
ADOPTED
BUDGET
Personnel
451,837
557,928
581,320
581,320
565,600
584,675
Materials & Supplies
809,410
803,384
954,719
942,919
914,279
1,074,450
Town Services & Maintenance
155,823
144,060
248,219
248,219
140,890
187,375
Contractual/Professional Services
1,439,539
1,810,948
2,025,060
2,036,860
1,737,760
2,042,500
Capital
423,271
528,212
10,500
10,500
11,278
15,000
Bonds
67,660
67,660
1,369,896
1,369,896
1,369,894
1,353,465
Interfund Transfers
204,227
347,848
347,848
343,123
422,725
TOTAL
$ 3,347,540
$ 4,116,419
$ 5,537,562
$ 5,537,562
$ 5,082,824
$ 5,680,190
Interfund Transfers
$6, 000
Bonds
$5,000
■ Capital
$4,000`..
. -.
9, Contractual/Profession
at Services
$3,000 -
■ Town Services &
Maintenance
$2,000
Materials & Supplies
$1,000
in Personnel
$0
Thousands FY 2008 FY 2009
FY 2010 FY 2010
FY 2010 FY 2011
ACTUAL ACTUAL
ADOPTED AMENDED
PROJECTED ACTUAL ADOPTED...
INCREASE (DECREASE) IN EACH CATEGORY OVER TIME
1925%
250% - 229%
2 200
0
m
150%
A
u
C
100% 62% 68%
tko
c
t 50% - 33% ° 43%
m mm 23% 14% 18% 33 °� 26% 18% 23 %25% 23 %23%
1% 3Y %0% 0 %0% / 2%
u 0% sT
a -6% l�0 8% -2% -4%
-50%
-100% _ -
-98%
Personnel Materials & Town Serv. & Contract./ Capital Bonds Interfund Total Change
Supp. Maint. Pro. Services Transfers
i1i FY07 Actual to FY08 Actual FY08 Actual to FY09 Actual ■ FY09 Actual to FY10 Projection 9 FY10 Projection to FY11 Budget
Fiscal Year 2010 -2011 68 Adopted Budget
------------- ------'--- Department FY 2011 Adopted % of Total
Utility Billing
13.1%
Sewer
25.4%
Water
61.5%
Fiscal Year 2010-2011 69 Adopted Budget
61.5%
Sewer
1,444,390
35/4%
Utility Billing
742,290
13.196
Revenue Total --
7-$--- ---'----------
--
-------- -1
Utility Billing
13.1%
Sewer
25.4%
Water
61.5%
Fiscal Year 2010-2011 69 Adopted Budget
APPROPRIATIONS
CATEGORY
ATUAL
I CI
2009
ATUAL
CI
FY 2010
BUDGET
FY 2010
I ETD
BUDGET
FY 2010
I P OL�
ACTUAL
FY 2011
GED
BUDGET
Personnel
290,362
373,392
385,210
380,450
373,181
376,420
Materials & Supplies
792,639
786,782
876,155
876,155
887,180
1,021,700
Town Services & Maintenance
125,717
87,453
141,824
141,824
87,174
109,950
Contractual/Professional Services *
640,978
282,959
397,470
397,470
248,888
353,250
Capital
423,271
522,077
3,999
15,000
Bonds
67,660
67,660
1,369,896
1,369,896
1,369,894
1,353,465
Interfund Transfers
FY 2009
141,105
224,568
224,568
219,843
263,725
TOTAL
$ 2,340,627
$ 2,261,428
$ 3,395,123
$ 3,390,363
$ 3,190,159
$ 3,493,510
*
Contract payments for trash collection/tipping services were paid from Water Dept in 2008 and
moved to Utility Billing in 2009.
Interfund Transfers'
FY 2009
ADOPTED I
FY 2010
ADOPTED
-__ ,
I DEPARTMENT
REQUEST TO
ADD /REMOVE
$3,500 -•v
FY 2011
I ADOPTED
FULL TIME POSITIONS (FTE)
• Bonds
$3,000
• Capital
$2,500
Public Works Director
I
I
$2,000
l
Contractual/Professional
Utility Crew Leader
l
1
Services *
$1,500 -
2
2
■Town Services &
2
2
1
Maintenance
$1,000
1
Water & Sewer Superintendent
Materials & Supplies
1
l
$500
TOTAL
5
■ Personnel
$0
0
5
5
Thousands FY 2008
FY 2009
FY 2010 FY 2010 FY 2010 FY 2011
ACTUAL
ACTUAL
ADOPTED... AMENDED... PROJECTED ACTUAL ADOPTED
PERSONNEL
POSITION TITLE
FY 2009
ADOPTED I
FY 2010
ADOPTED
ADDED OR
REMOVED IN
FY 2010
I DEPARTMENT
REQUEST TO
ADD /REMOVE
FY 2011
PROPOSED
FY 2011
I ADOPTED
FULL TIME POSITIONS (FTE)
Public Works Director
I
I
l
1
Utility Crew Leader
l
1
l
2
2
Utility Worker
2
2
1
1
1
Water & Sewer Superintendent
I
1
l
1
TOTAL
5
5
0
0
5
5
Fiscal Year 2010 -2011 70 Adopted Budget
APPROPRIATIONS
FY 2008 FY 2009 FY 2010 FY 2010 FY 2010 FY 2011
ADOPTED AMENDED PROJECTED ADOPTED
CATEGORY ACTUAL ACTUAL BUDGET BUDGET ACTUAL BUDGET
Personnel 90,844 107,000 114,585 116,939 108,260 113,040
Materials & Supplies 11,965 9,312 57,964 46,164 11,787 31,100
Town Services & Maintenance 28,601 54,912 103,670 103,670 53,103 75,200
Contractual/Professional Services 789,190 1,047,984 1,067,980 1,079,780 948,614 1,112,050
Capital 6,135 10,500 10,500 7,279 0
Bonds
Interfund Transfers 38,412 89,030 89,030 89,030 113,000
TOTAL $ 920,600 $ 1,263,754 $ 1,443,729 $ 1,446,083 $ 1,218,074 $ 1,444,390
Inlerfund Transfers
$1,600 --
■ Bonds $1,400
■ Capital $1,200
$1,000
* Contractual/Professional $800
Services
■Town Services & $600 a
Maintenance $400
Materials & Supplies
$200
Personnel $0 j
Thousands FY 2008 FY 2009 FY 2010 FY 2010 FY 2010 FY 2011
ACTUAL ACTUAL ADOPTED AMENDED... PROJECTED ACTUAL ADOPTED...
PERSONNEL
ADDED OR DEPARTMENT
FY 2009 FY 2010 REMOVED IN REQUEST TO FY 2011 FY 2011
POSITION TITLE ADOPTED ADOPTED FY 2010 ADD/REMOVE PROPOSED ADOPTED
FULL TIME POSITIONS (FTE)
Utility Crew Leader 1 1 l I
Utility Worker 1 l 1 I
TOTAL 2 2 0 0 2 2
Fiscal Year 2010 -2011 71 Adopted Budget
APPROPRIATIONS
CATEGORY
FY 2008
ACTUAL
FY 2009
ACTUAL
FY 2010
ADOPTED
BUDGET
FY 2010
AMENDED
BUDGET
FY 2010
PROJECTED
ACTUAL
FY 2011
ADOPTED
BUDGET
Personnel
70,631
77,536
81,525
83,931
84,159
95,215
Materials & Supplies
4,806
7,290
20,600
20,600
15,312
21,650
Town Services & Maintenance
1,505
1,696
2,725
2,725
612
2,225
ContractuaVProfessional Services *
9,371
480,005
559,610
559,610
540,258
577,200
Bonds
Interfund Transfers
Interfund Transfers
• Bonds
• Capital
L Contractual/Professional
Services *
■ Town Services &
Maintenance
Materials & Supplies
* Personnel
PERSONNEL
24,710 34,250 34,250 34,250
TOTAL $ 86,313 $ 591,237 $ 698,710 $ 701,116 $ 674,591 $
* Contract payments for trash collection/tipping services were paid from Water Dept in 2008 and moved to Utility Billing in 2009.
$800
$700 i
$600
$500
$400
$300
$200
$100
$0
Thousands
FY 2008
ACTUAL
FY 2009
POSITION TTPLE
FULL TIME POSITIONS (FTE)
ADDED OR OPTED I Fy 20 D0 IN I ADD/REMOVE VEE I PROPOSED I ADOPTE
Receptionist/Utilty Clerk * 0.75 0.75 0.75 0.75
Utility Billing Clerk 1 1 I 1
TOTAL 1.75 1.75 0.00 0.00 1.75 1.75
* Position .rears both Administration and Utiliy Billing.fimctions in Town Hall Front Office - Funded 25% in General Fund Administration
Fiscal Year 2010 -2011 72 Adopted Budget
Fiscal Year 2010 -2011 73 Adopted Budget
1 Economic Development Corporation Summary
APPROPRIATIONS
FY 2010
FY 2010
FY 2010
FY 2011
FY 2008
FY 2009
ADOPTED
AMENDED
PROJECTED
I
ADOPTED
I
CATEGORY
ACTUAL
ACTUAL
BUDGET
BUDGET
ACTUAL
BUDGET
Personnel 132,438 145,774 153,450 153,450 145,072 29,005
Materials & Supplies 9,694 4,600 8,400 8,400 2,269 5,000
Town Services & Maintenance 72,213 17,756 37,500 37,500 24,418 29,000
ContractuaVProfessional Services 56,672 62,494 74,900 74,900 66,981 94,750
Capital 435,816 50,000 50,000 57,419 0
Bonds
Interfund Transfers 540 540 540 0 0
TOTAL -$ 706,833 $ 231,164 $ 324,790 $ 324,790 $ 296,160 $ 157,755
Interfund Transfers
$800
• Bonds $700 ^
• Capital $600
$500
Contractual/Professional
Services $400 1
■Town Services & $300
Maintenance $200
Materials & Supplies
$100
■ Personnel $0
Thousands FY 2008 FY 2009 FY 2010 FY 2010 FY 2010 FY 2011
ACTUAL ACTUAL ADOPTED AMENDED.. PROJECTED ACTUAL ADOPTED..
PERSONNEL
ADDED OR
DEPARTMENT
FY 2009
FY 2010
REMOVED IN
REQUEST TO
I
FY 2011
FY 2011
POSITION TITLE
ADOPTED
ADOPTED
FY 2010
ADD/REMOVE
PROPOSED
ADOPTED
FULL TIME POSITIONS (FTE)
EDC Executive Director 1 1 1
PART TIME POSITIONS
EDC Executive Assistant 1 1 1 I
TOTAL 2 2 -1 0 1 1
Fiscal Year 2010 -2011 73 Adopted Budget
Fiscal Year 2010 -2011 74 Adopted Budget
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Prosper is a place where everyone matters.
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Charter Provisions on Financial Administration
Outstanding Debt Schedule
Notice of Effective Tax Rate
Ordinance Approving Budget
Ordinance Approving Tax Rate
Ordinance Revising Water and Sewer Rates
Glossary
"Honoring Our Past and Paving Our Future"
rrfsx
FISCAL YEAR 2010-2011 ADOPTED BUDGET
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ARTICLE VII
Financial Procedures
SEC" ION 7.01 Fiscal Year
I lie fiscal Near of the I'o\\n shall begin on the first da\ of' October and end on the last da\ ol•
September on the next succeeding dear. Such fiscal }ear shall also constitute the budget and
aCCOUntlflfl � Car.
SECTION 7.02 Submission of Budget and Budget Message
On or before the fifteenth (15 "') da\ ol'Au,ust ofthe fiscal \car_ the To\\n Manager shall submit to
the 'l omi Council a budget fill- the ensuing l iscal }ear and an accompam ing budget message.
SECTION 7.03 Budget Message
The 1o\4n 19anager's message shall explain the budget both in fiscal terms and in terms ofthe murk
programs. It shall outline the proposed financial policies of the Tmjn for the ensuing fiscal Near.
describe the important features of the budget. indicate an\ major changes from the current }car in
financial policies. expenditures. and re\enues together \ \ith the reasons for such changes_
summarize the Toy \n's debt position and include such other material as the roe \n hvlanager deems
desirable.
SECTION 7.04 Budget a Public Record
1he budget and all supporting schedules shall be filed � \ith the person perlorming the duties of
romi Secretar} \hen submitted to the ro\ %n Council and shall be open to public inspection bN
am one interested.
SECTION 7.05 Public Hearing on Budget
At the 1o\�n Council meeting \\hen the budget is submitted. the'Im\n Council shall name the date
and place of a public hearing and shall have published in the otlicial ne,,ispaper of' the ToN\n. at
least mice. the time and place. \\hich \gill he not less than ten (10) days nor more than thirty (30)
days after the date of notice. At this hearing. interested citizens maN express their opinions
concerning items o[ expenditures. <oi%ing their reasons for \Nishing to increase or decrease am
items of' expense.
SECTION 7.06 Proceeding on Adoption of Budget
Alter public healing. the To\\n Council shall anah ze the budget. snaking am additions or deletions
\N hick the\ feel appropriate. and shall. at least ten (10) dais prior to the beginning of the next fiscal
dear_ adopt the budget bN the affirmitake xote ofa majorit\ ofthe full membership of' the Io\\n
Council. Should the rOMI Council take no final action on or prior to such day. the current budget
shall he in force on a month -to -month basis until a ne\\ budget is adopted.
SECTION 7.07 Budget, Appropriation and Amount to be Raised b,. Taxation
On final adoption. the budget shall be in eff 2ct for the budget year. Final adoption of the budget b\
the TO\Ul Council shall constitute the oliicial appropriations as proposed by expenditures for the
current \ear and shall constitute the basis of official lee} ofthe property tax as the amount of tax to
he assessed and collected for the corresponding tax \ear. Estimated expenditures �,tiill in no case
Fiscal Year 2010 -2011 77 Adopted Budget
Appendix
i IS- I Ell- R Charter Article V11 - Financial Procedure Sections
exceed proposed re', ell Lie plus the undesignated fund balance front the pre\ious liseal \Car. IfnUsed
appropriations mad he transferred to am item required lilt the same general purpose.
SECTION 7.08 Contingent Appropriation
Pro\ ision shall he made in the annual budget and in the appropriation ordinance for a contingent
appropriation in all anttnult not less than ten percent (101/.) of the total general Bold expenditures_
to he used in case of unforeseen items ol'expenditures. Ihis contingent appropriation shall appl, to
current operating expenses and shall not include an\ amount of rescr\es maintained b\ the f(\\n.
Such contingent appropriation shall he under the control of the 7o\\n Manager and distributed bv
him or her onIN at'icr prior appro\al b) the I'Mil Council. the proceeds of the contingent
appropriation shall be disbursed onh h} transfer to other departmental appropriation. the spending
ol' \\hich shall be charged to the departments or acti\ itics for \\ hich the appropriations are made.
SECTION 7.09 Amending the Buduct
Ender conditions \\hich nla\ arise and \\hich could not reasonabl} haw been foreseen in the
nomlal process of planning the budget. the To4Nn Council mad. M the aflirmali\e \ote of a
nlaiorit� of the full membership of the Ta\\n COLUICH. amend or change the budget to provide Im
anN additional expense in \\hich the general \\ellare ofthe citizenr\ is invoked. These amendments
shall he b\ ordinance. and shall become an attachment to the original budget.
SECTION 7.10 Certification; Copies Made Available
A copy 01' the budget. as finally adopted- shall be filed \ \ith the person perlirrrlling the duties of
Town Secretar\ and such other places required by state la\\ or as the To\\n Council shall designate.
Tile final budget shall be printed or other\\ise reproduced and sufficient copies shall be made
mailable lbr the use of all offices_ agencies. and for the use of interested persons and ci\ic
organizations.
SECTION 7.11 Capital Program
I'he 'I o\rn itlanager shall submit a fi\e -\ ear (i -\ ear) capital program as an attachment to the annual
budget. The program as submitted shall include:
( I) A cleat' get Cral SUrrimar \ of Its contents,
(2) A list of' all capital improvements \\hich are proposed to be undertaken during the
fi\e (5) fiscal \ears succeeding the budget pear. \\itll appropriate supporting
inibrnlation as to the necessitN for such inlpro\ements:
(;) Cost estimates. method of linancing_ and recommended time schedules Ior each
impro\ ement. and
(4) [he estimated annual cost of operating and maintaining the facilities to be
constructed or acquired.
The abo\e inlilrnlation nla\ be re\ iced and extended each pear \\ith regard to capital impro\ enlents
Still pending or in profess of construction of acqulsll loll.
SECTION 7.12 Defect Shall Not Invalidate the Tax Lev}
Errors or defects in the tbrm or preparation of-the budget or the failure to perform an) procedural
requirements shall not nullil' the tax le\p or the tax rate.
Fiscal Year 2010 -2011 78 Adopted Budget
` Appendix
N OF Charter Article V11 - Financial Procedure Sections
• i'i •
SECTION 7.13 Lapse of Appropriations
L-\er\ 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 tier a capital
expenditure shall continue in force until file purpose for \\hick it \ \as made had been accomplished
or abandoned. The purpose of any such appropriation shall he deemed abandoned it -three (1) years
pass \\ithout any disbursement from or encumbrance ol'the appropriation. Any finds not expended.
disbursed or encumbered shall he deemed excess tinds.
SEC'T'ION 7.14 Borro«ing
The lo\ \n shall ha\e the po\\er to bori-mv money on the credit of the Io\\n and to issue or incur
bonds and other e\ ideinces of indebtedness to finance pUbhc imprownieil Ls of for any other public
purpose not prohibited by the Constitution and the km s of the State of l'exas and to issue refunding
bonds to refund outstanding bonds and other e\idences of indebtedness of the "fo\\11 pre', iously
issued.
All such bonds and other c\ idences of indebtedness shall be issued in confomiin .\ith the lams of
the State of 1'exas and may be secured by or paid. in \\hole or in part, from ad \alorenn tax
re\enues. re\enues deri\ed from other taxing po\ \es of the lo\\n. re\enues deri\ed by the lo\\n
from any li:e or sei-\ice charge. including revenues de-i\ed 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 la\\s of the State of Texas. Such bonds or e\idelces 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 la\ \s of the State
of- 1 exas. The proceeds oi' bonds or other e\ idences of indebtedness issued or incurred b\ the I'o\\n
shall he used only lily the purpose for \ \hich the bonds or other indebtedness \\as issued or
incurred.
SECTION 7.15 Purchasing
( I) The To\\n Council nna\ by ordinance. gi\ e the To\ \n Manager general authority to
contract for expenditure \\ithout further appi-mal of the To\\n Council ter all
budgeted items not exceedim, limits tied by the 1 mn Council \ \lthin the ordinance.
(2) All contracts for expenditures or purchases in\ol \ing moI'e than the limits Whist be
expressh appro\ed in ad\ance h\ the To\\n Council. All contracts or purchases
imol\ing more than the limits set by the l'o\\n Council shall be marded by the
T o\\11 Council in accordance \\ith state lam.
(3) Emergency contracts as authorized by la\\ and this Charter may he negotiated by the
1'o\\n Council or To\\n Manager it'gkell authority by the Tm\n Council. \ \ithout
connpetiti\e bidding. and in accordance \\ith state la\\. Such emergency nim be
declared by the To\\n Manager and appi-med by the To\\n Council or declared by
the To\\n Council.
SECTION 7.16 Administration of Budget
( I) No payment shall be made or obligation incurred against any allotment or
appropriation except in accordance \\ ith appropriations duly made. unless the I o\\n
Manager. or the 1 -o\ \n Manager's designee. first certifies that there is a suilieielt
unencumbered balance in such allotment or appropriation and that suflicient finds
Fiscal Year 2010 -2011 79 Adopted Budget
Appendix
Charter Article N'll - Financial Procedure Sections
if ' IIS-P ER
therefrom are or vloll be available to cover the claim or meet the obligation klhen it
becomes clue and payable.
(2) Ali\ authorization of payment or incurring of obligation In kiolatioll of the
provisions of' this Charter shall he l oid and any payment so made illegal. Such
action shall be caul&: fitr rernmal of and officer Bho knolkingly authorized or made
such payment or in Urred such payment of obligation. and the officer shall also be
liable to the Token For any amount so paid.
(?) This prohibition shall not be C011SU'lled to preV'ent the making Or antlorizing of
pay ments. or making of c &}I1traCTS loft capital InlprovenleSltS to be flnanCed "holly or
partly by the pledge of' taxes. the issuance of bonds. time warrants. certificates of
indebtedness. or cerlificates of ohligation. or to present the making of any contract
or lease prov iding for payments beyond the end of the fiscal s car. providing that
such action is made or approved by ordinance.
(4) The Tom n Manager shall submit to the how n Council each month a report cok eying
the revenues and eXpendlttlres of the Ok\11 m Sllch form as requested by the Town
C OtInCt,
SECTION 7.17 Depository
All monies received by ally person. departIllent or agency of the I Olin for or in connection with tile
allairs of the 1 oml shall be deposited promptly in the Iolkn depository or depositories. I he I ow•n
depositories shall be designated by the Town Council in accordance vkith such regulations and
subiect to the requirements as to security for deposits and interest thereon as play be established be
ordinance and lake. Procedures for kcithdrawal of money or the disbursement of funds from the
Town depositories shall be prescribed by ordinance.
SIECTION 7.18 Independent Audit
At the close of each fiscal ycar. and at such other tulles as may be deemed necessary. the Tom
Council shall call fbr an independent audit to be made of all accounts of the Token by it certified
public accountant_ No more than file (5) consecutike annnll audits shall be completed by the same
firm. The certified public accountant selected shall hale no personal interest. directly or indirectly.
in the financial affairs of the Town or any trf its officers. I-lie report of audit. with the auditor's
recommendations Bill be made to the Tows Council. Upon completion of'the audit. tike sununark
shall be published immediately in the official newspaper of the "rolvn and copies ot'the audit placed
on file in the office of'the person perfbrnling the duties of Tokv it Secretary. as a public record.
SECTION 7.19 Power to Tax
(I) The Token shall have the power to leiy. assess and collect taxes ol'every character
and tN pe Im ally municipal purpose not prohibited by the Constitution and laws of
the State: of Texas as nook Britten or hereafter amended.
(2) The Town shall have the power to grant tax exemptions in accordance B ith the laws
of the State of Texas.
SECTION 7.20 Office of'Cnx Collector
I'here shall be an office of taxation to collect taxes. the head of which shall be the iokvn Tax
Collector. The ToBn Council may contract for such services.
Fiscal Year 2010 -2011 80 Adapted Budget
rI� Procedure
SECTION 7.21 "Fuses, When Uue send Pa%able
(1) All taxes Clue in the Covv n shall be pati able at the office of the f owl Tax Collector.
or at such location Or hlCalioils aS may be designated by the JoAV'il Council. and Trim
be paid at any lime after the tax rolls for the year haAe been Completed and
approved. taxes for each year shall he paid l fore February I of the next
succeeding Near. and all such taxes not paid prior to that date shall be deemed
delinquent. and shall be subject to pcnaltN and interest as the Tovvn Council shall
provide bV" ordinance. 1 he T wmi Council maV" pr0V'ide discounts for tile paA "ment of
taxes prior to January I in amount not to exceed those authorized by the hivys of the
State of Texas.
(2) failure to levy and assess taxes through omission in preparing the appraisal rolls
shall not relieve the person. firm or corporation so omitted from obligation to pa}
such current or past due taxes as sho \vn to be payable by recheck of the rolls and
receipts liar the %,cars in qurstion otnilting penallN and interest.
SECTION 7.22 Tax Liens, Liabilitie`; and Suits
(1 ) All taxable property located in the l oven oil January I of each Near shall stated
charged from that date with a Special lien in favor ofthe T'ovvn for the taxes due. All
Persons purchasing and" Such property on or after January I tit ally %eat' shall take the
property subject to the Liens provided above. In addition to the liens herein provided.
oil _lanuai-y" I of any year. the o\\tier of property subject to taxation b} the Io\ \n
shall be personally liable liar the taxes due for that veatr.
(2) I he Town shall have the power to sue for and recover personal judgment for taxes
\ \ithout tOreclosure. or to 14reClose its hen or liens. or to recover both personal
Judgment and lbreCIOSUre. In am such Suit V \here it appears that the description of
anl\" property in the To \\rl appraisal rolls is insufficient to idemily' such propem. the
1,()\\n shall have the right to plead a good description of the property to he assessed.
to proAe the same. and to have itS fUdgIllent lOreclosrlg the tax lien or for personal
judgment against the owners for such taxes.
Fiscal Year 2010 -2011 81 Adopted Budget
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2010 Property Tax Rates in Town of Prosper
Thais notice concerns 2010 property tax rates for TG-%%m of Prosper It
presents infonnation about three tax rates Last years tax rate is the acrual
rate the tax-'n- unit used to determine property taxes last year. This }'ears
effective tax rate wculd impose the same total taxes as last year if you
compare properties taxed m both years. This years rollback tax rate is the
highest tax rate the taxing taint can set before taxpayers can start tax roilhacl:
procedures In each case these rates are found by dn-idme the total amount
of taxes by the tax base (the tora: vahe of taxable propemt ,, wah
ad,u- ,=ents as required by state law The rates are given per $100 of
property value
Last year's tax rate:
59'?8.3'C.SSC
Last years operating taxes
53.11 ?. ?66
Last Year's debt axes
S2!_44 n_ ,
"Last rear's total taxes
5:.161.'98
Last veat s tax base
S992.653.462
Last years total tax rate
0- 52000 "v MI.
This year's effecthv tax rate:
0 S360C3 $IX
Last years adjusted taxes
S5.156.232
(after subtracting taxes on lest property)
— TLs years adjusted tax base
59'S,4' -C.S8G
(after subtracting value of new propem )
= This years effective tax rate
0 526M $10C
rtiaximutn rate unless mtir cubitshe-, non es and holds
heaizngz.)
This year's rollback tax rate:
Last years adjusted cperanna taxes (alter
53.510.098
subtracting taxes on lost property and
adjusting for any transferred functtom tax
increment f=mancing. state comma: justice
mandate, and or enhanced indigent health
care expenditures;
This years adrasted tax base
59'?8.3'C.SSC
= This year's effective operating rate
0353751 $1;;C
x 1.08 = this }•ear's maximam operating rate
0 3S =45: 'S10C
+ This vear's debt rate
O.1S5253 $10C
= Thn ear's total roLiback rate
0 5 ?2709 UDC
Sales tax adjustment rate
0.036706 'SI DC
= Rollback tax rate
0 S360C3 $IX
Statement of Increase .-Decrease
If Town of Prosper adopts a 2010 tax rate equal to the effective tax rate of
$0.526995 per $100 of value, taxes would increase compared to 2009 taxes
by 5530.619
Fiscal Year 2010 -2011 83 Adopted Budget
Schedule A - Unencumbered Fund Balances
The fol`iowine estimated balances will be left in the unit's property tax
accounts at the end of the fiscal year. These balances are not encumbered
by a corresponding debt obh eat Mi.
Type of Property Tax Fund Balance
Schedule B -2010 Dtbt Servict
The unit plans to pay the foLowkg amounts for long -term debts that are
secured by property to -;,es. These amounts wiL be paid from property tax
revenues (or additional sales tax revenue,. if applicable ) .
Principal or
Interest to be
Contract Payzaent
Paid from
Other
Description to be Paid from
Properh
Amounts
Total
of Dtbt Property Taxes
Taxes
to be Paid
Payment
1996 CO S5o.OJC
521.705
$400
S`2183
1995 CO S45.O',!C
518.923
5400
S64323
2JOI CO SU0.OJO
SSJ.905
54,70
5261.335
2304 CO S49r,.OJO
S37 9.60b
5430
5370.030
2306 CO S485,0JC
$462.373
SLOW
S94S.373
2305 CO 5450.ODO
$747.450
S1.00o
51.195.450
Total Keganed for 2010 Debt Sense
$3.3 54.5 56
- Amount (if any) paid from fends listed in Schedule A
SJ
- Amouet (if any;i paid from other resources
51.3 53.41 '
- Excess collections last year
So
= Total to be paid from taxes in 2010
S2,001.099
Amount added in antic,patian that the unit wil
SO
collect only 100 00% of :r. taxes m
201'G
= Total Debt Lev
5IG01.399
Schedule C - Expected Revenue from Additional Sales Tax
In calculating its effective and rollback tax rates. the unit estimated that it
ir.11 receive S396.47 ; in ad bnonal sales and use tax revenues.
This notice contains a summary of a^taal effective and rollback tax rates'
calculations. You can mspect a copy of the faA calculations at 2300
Bloomdale. Ste. 2366. NIcKimey. Texas ?51771.
Name of person prepaareng this nonce. Kenneth L Maun
Title Tax .kssessor Collector
Date ?repared lull• 30, 2013
Fiscal Year 2010 -2011 84 Adopted Budget
1SPER OWN OF
p
ORDINANCE NO. 10 -078
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS ADOPTING A BUDGET AND
APPROPRIATING RESOURCES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2010
AND ENDING SEPTEMBER 30, 2011, 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 2010 -2011: 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, one public
hearing — on August 24, 2010 - was 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 Inco orp rated. 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, 2010 and ending September 30,
2011. The Budget as filed and submitted by the Town Manager and subsequently 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 2010-2011 85 Adopted Budget
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
$ 7,115,112
Water & Sewer Fund
$ 5,680,190
Interest & Sinking Fund
$ 2,000,499
_
Internal Service Fund
$ 50,000
Storm Drainage Utility Fund
$ 161,400
Parks and Recreation Fund
$ 201,000
Impact Fees Fund
$ 1,300,000
Special Revenue - Donation Fund
$ 59,200
Capital Projects Fund
$ 6,496,885
Economic Development Corporation
$ 157,755
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 14'e DAY OF SEPTEMBER, 2010 AT A MEETING WHICH WAS
HELD IN STRICT ACCORDANCE WITH THE TEXAS OPEN MEETING ACT
RAYS , Mayor
ATT
MATTHEW D. DENTON, TRMC
Town Secretary
DateqfPublr ttt-
Page 2 of 2
OF � P& O!""
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Fiscal Year 2010 -2011 86 Adopted Budget
ISPEROWN OF
ORDINANCE NO. 10 -079
AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS LEVYING TAXES FOR FISCAL
YEAR BEGINNING OCTOBER 1, 2010 AND ENDING SEPTEMBER 30, 2011 AT THE RATE
OF $0.52 PER ONE HUNDRED DOLLARS ($100.00) ASSESSED VALUE ON ALL TAXABLE
PROPERTY WITI13N THE CORPORATE LUMTS 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, 2010, and ending September
30, 2011, 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 10 day
of September, 2010, the budget for the fiscal year beginning October 1, 2010 and ending September 30,
2011; 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 7 -OWN 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 2010 -2011 as follows:
$0.334742 for the purpose of maintenance and operation and
$0.185258 for payment of principal and interest on debt service.
THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE
AND OPERATIONS THAN LAST YEAR'S TAX RATE.
This Tax Rate Is Less Than The Effective Tax Rate. The Total Tax Rate
Will Effectively Be Lowered By 1.33 %. Taxes For Maintenance And
Operations Will Be Effectively Lowered By 6.69 %.
Page 1 of 2
Fiscal Year 2010 -2011 87 Adopted Budget
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
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 14th DAY OF SEPTEMBER, 2010 AT A MEETING WHICH WAS
HELD IN STRICT ACCORDANCE WITH THE TEXAS OPEN MEETING ACT.
Y SM H, Mayor
/MATTHEW D. DENTON, TRMC
Town Secretary
Dale o Publrtalmn 1 '��I °•`'+li:r� ° ,
lr�eitittt� ;��`Y
Page 2 of 2
Fiscal Year 2010 -2011 88 Adopted Budget
;1SPER OWN OF
ORDINANCE NO. 1"77
AN ORDINANCE OF THE TOWN OF THE PROSPER, TEXAS; AMENDING ORDINANCE NOS. 02-33,03-48,05-
72, AND 09"051, COMPREHENSIVE FEE SCHEDULE, SECTION 111 (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 BATE; 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, 05-72 and 09-051, 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, 0348, 05-72 and 09-051 Comprehensive Fee
Schedule,, Section 11 (Water and Wastewater Rates), Exhibit 'B ". Ordinance Nos. 02 -33, 03-48, 05 -72, 09-051
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: Pengtty Provision. Any person, firm, corporation or business entity violating this Ordinance or
Ordinance Nos. 02 -33, 0348, 05 -72, 09 -051 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: Savingslft2afing Clause. Ordinance Nos. 02 -33, 03-48, 05 -72 and 09451 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
Fee Schedule Ordinance (Amend Nos. 02-33,03-48,05-72, and 09 -051)
402646 -I
Fiscal Year 2010 -2011 89 Adopted Budget
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 shalt remain in full force and effect.
SECTION 5: Severabil . 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, 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 141h DAY OF SEPTEMBER, 2010.
L 4� �� - �-
RAY SMIT , Mayor
/ ✓'
1� • ON, TRMC
Town Secretary
DATE OF PUBLICATION: `S E F Y6#18 P— 26, a 010 Dallas Morning News
Fee Schedule Ordinance (Amend Nos. 02-33,03-48,05-72, and 09 -051)
402696 -r
Fiscal Year 2010 -2011 90 Adopted Budget
Fiscal Year 2010 -2011 91 Adopted Budget
Fiscal Year 2010 -2011 92 Adopted Budget
Fiscal Year 2010 -2011 93 Adopted Budget
-A-
Accrual Accounting - A basis of accounting in which revenues are recognized in the accounting period in which they are earned,
and expenses are recognized in the period in which they are incurred.
Ad Valorem - Latin for "value of ". Refers to the tax assessed against real (land and 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 of incorporation.
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 of resources.
Appropriation Ordinance - The official enactment, by Town Council, to legally authorize Town Staff to obligate and expend
resources.
Assessment Ratio - The ratio at which tax rate is applied to tax base. The assessment ratio is currently set at 100% by 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.
-B -
Balanced Budget - A financial plan for a fiscal year that matches all planned revenues and expenditures with the services
provided to the residents of the Town based on established policies.
Bond - A written promise to pay a sum of money on a specific date(s) at a specific interest rate. The interest payments and the
repayment of the principal are detailed in a bond ordinance.
Bonded Debt - That portion of indebtedness represented by outstanding bonds.
Budget - A financial plan, for a specified period, of operations that matches all planned revenues and expenditures with the
services provided to the Town.
Budget Adjustment - A legal procedure utilized by the City Staff and City Council to 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 of
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 of the budget.
Fiscal Year 2010 -2011 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 2010 -2011 95 Adopted Budget
Effective Tax Rate - Texas law 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 (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 8 %, the increase above 8% is subject to a possible rollback election by
the voters.
EMS - Emergency Medical Service
Encumbrance - The commitment of appropriated funds to purchase an item or service. To encumber funds means to set aside or
commit funds for a future expenditure.
Enterprise Fund (Water & Sewer Fund) - A fund established to account for operations of the water and sewer system. It is
operated in a manner similar to private business enterprises where the intent is cost recovery.
EOC - 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.
Expenditures - A decrease in the net financial resources of the Town due to the acquisition of goods or services.
-F—
Financial Policies - Financial policies are used to enable the Town to achieve a sound financial position.
Fiscal Year - A 12 -month period to which the Annual Budget applies. The Town of Prosper has specified October 1 to September
30 as its fiscal year.
FLSA - Fair Labor Standards Act, The FLSA establishes minimum wage, overtime pay, recordkeeping, and youth employment
standards affecting employees in the private sector and in Federal, State, and local governments.
Franchise Fee - A fee paid by public service utilities for use of public property in providing their services to the citizens of the
community.
Fund - An accounting 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, or various other accounting standard setting
bodies.
GASB — (Governmental Accounting Standards Board) GASB was established in 1984 as the body authorized to establish
accounting standards for state and local government.
Fiscal Year 2010 -2011 96 Adopted Budget
GAS8 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.
-H-
HOA - Home Owners' Association
- I -
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.
Ne
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 2010-2011 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 2010 -2011 98 Adopted Budget
Property Taxes - Used to describe all revenues received in a period from current taxes, delinquent taxes, penalties, and interest
on delinquent taxes. Property taxes are levied on both real and personal property according to the property's valuation and tax
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 of an issue.
-Q-
- R -
Reimbursement - Repayment to a specific fund for expenditures incurred or services performed by that fund to or for the benefit
of another fund.
Reserve - An account used to indicate that a portion of a fund balance is restricted for a specific purpose.
Retained Earnings - The excess of assets less liabilities in the proprietary funds.
Revenue - Funds that the government receives as income.
Revenue Bonds - Bonds whose principal and interest are payable exclusively from a revenue source pledged as the payment
source before issuance.
RFP - Request for Proposals
RFQ - Request for Quotes
Risk Management - An organized attempt to protect a government's assets against accidental loss in the most economic method.
ROW — Right of Way
-S-
SAFER - Staffing for Adequate Fire and Emergency Response, Federal Grant
Special Revenue Fund - A fund used to account 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 1st of each year, as certified by the
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 is set by Council and is made up of two components: debt service and operations rates. The 2009 -2010
tax rate for the Town of Prosper is $0.52 per $100.00 valuation, with debt service comprising $0.205916 leaving the remaining
$0.314084 of the total distributed to the General Fund.
Fiscal Year 2010 -2011 99 Adopted Budget
Fiscal Year 2010 -2011 100 Adopted Budget
. 4i�p
PI�Ax
TOWN OF
SPER
Prosper is a place where everyone matters.
THANK YOU TO THE
BUDGET TEAM
The Town Budget truly takes teamwork and I trust more
hands went into this effort than are recognized here.
Below I'd like to thank those specifically assigned to the budget.
a.
Bryan Ausenbaugh, Fire Marshal
Amy Bockes, Municipal Court
Chris Copple, Planning
Trish Eller, Code Compliance
Karyn Fortune, Dispatch
Karen Gill, Administration
Wade Harden, Parks
Frank faromin, Public Works
Chief McFarlin, Police
Asst. Chief McHone, Police
Linda Shaw, Library
Wayne Snell, Inspections
Chief Tucker, Fire
Hulon Webb, Engineering
Matthew B. Garrett, Finance
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