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Budget - FY 2012-2013TOWN OF PROSPER, TEXAS ORDINANCE NO. 12-28 AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS, ADOPTING THE FISCAL YEAR 2012-2013 ANNUAL BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2012 AND ENDING SEPTEMBER 30, 2013, AND APPROVING CERTAIN AMENDMENTS TO THE FISCAL YEAR 2011-2012 ANNUAL BUDGET FOR THE TOWN OF PROSPER, TEXAS. WHEREAS, the Annual Budget for the Town of Prosper, Texas was prepared by the Town Manager and presented to the Town Council on August 14, 2012 in accordance with the Town Charter of the Town of Prosper, Texas; and WHEREAS, the Prosper Economic Development Corporation Board of Directors approved the budget for the Prosper Economic Development Corporation on August 15, 2012, and subsequently, public hearings on the proposed Prosper Economic Development Corporation budget were held by the Town Council of the Town of Prosper, Texas, on September 4 and 11, 2012; and WHEREAS, the proposed annual budget document was posted on the Town's Internet web site and also made available for public review; and WHEREAS, a notice of public hearings concerning the proposed Annual Town Budget was published as required by State law and said public hearings thereon were held by the Town Council on September 4 and 11, 2012; and WHEREAS, following the public hearings on September 4 and 11, 2012, and upon careful review of, the proposed Fiscal Year 2012-2013 Budget, and the review of the amendments to the current Fiscal Year 2011-2012 Budget, it is deemed to be in the best financial interest of the citizens of the Town of Prosper, Texas, that the Town Council approve said budget and any amendments to the current fiscal year budget and as presented by the Town Manager. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF PROSPER, TEXAS: Section 1: THAT, the above findings are hereby found to be true and correct and are incorporated herein in their entirety. 1 r Section 2: THAT, the official budget for the Town of Prosper, Texas, for the fiscal year beginning October 1, 2012 and ending September 30, 2013, is hereby adopted by the Town Council of the Town of Prosper, Texas, and the Town Secretary is directed to keep and maintain a copy of such official budget on file in the office of the Town Secretary and, upon request, make same available to the citizens and the general public. Section 3: THAT, the Town Council of the Town of Prosper, Texas, hereby approves certain amendments to the current Fiscal Year 2011-2012 Budget, as stated herein. Section 4: THAT, the sums specified below are hereby appropriated from the respective funds for the payment of expenditures on behalf of the Town government as established in the approved budget document: x Unspent funds September 30, 2011 will be automatically re -appropriated to the respective project for FY 2012-2013. Section 5: THAT, Capital Projects Funds are presented in the budget document on a multi-year, project basis, whereby all unexpended capital project funds are automatically re -appropriated into the subsequent fiscal year. Accordingly, no annual appropriation for Capital Projects Funds, other than those specifically listed in Section 4 above, is provided. I FY 2011-2012 FY 2012-2013 FUND AMENDED BUDGET BUDGET General Fund $8,287,253 $9,162,627 Interest & Sinking Fund $2,356,808 $2,556,482 Water & Sewer Fund $6,671,283 $7,576,516 Internal Service Fund $50,000 $50,000 Storm Drainage Utility Fund $224,190 $248,313 Parks and Recreation Fund $1,620,000 $1,250,000 Impact Fees Fund $5,553,000 $712,425 Special Revenue -Donation Fund $369,200 $59,200 Capital Projects Fund * $7,693,085 $12,700,971 Economic Development Corporation $237,145 $447,980 Total $33,061,964 $34,764,514 x Unspent funds September 30, 2011 will be automatically re -appropriated to the respective project for FY 2012-2013. Section 5: THAT, Capital Projects Funds are presented in the budget document on a multi-year, project basis, whereby all unexpended capital project funds are automatically re -appropriated into the subsequent fiscal year. Accordingly, no annual appropriation for Capital Projects Funds, other than those specifically listed in Section 4 above, is provided. I Section 6: THAT, should any part, portion, section, or part of a section of this Ordinance be declared invalid, or inoperative, or void for any reason by a court of competent jurisdiction, such decision, opinion, or judgment shall in no way affect the remaining provisions, parts, sections, or parts of sections of this Ordinance, which provisions shall be, remain, and continue to be in full force and effect. Section 7: THAT, all ordinances and appropriations for which provisions have heretofore been made are hereby expressly repealed if in conflict with the provisions of this Ordinance. Section 8: THAT, in accordance with State Law and the Town's Code of Ordinances, proper notice of public hearings has been provided for said Ordinance to be considered and passed, and this Ordinance shall take effect and be in full force and effect from and after its final passage. Section 9: THAT, 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 IT IS SO ORDAINED. Passed and approved by a vote of t r toon this the 25th day of September, 2012. ATTEST: �C','Town Amy piukana, T' Secretary 3 TOWN OF PROSPER, TEXAS C BY: w'v Ray Smi h, Mayor FISCAL YEAR 2012-2013 BUDGET N FOR THE PERIOD OCTOBER 1, 2012 TO SEPTEMBER 30, 2013 f F,� This budget will raise more total property taxes than last year's budget by $629,737 or 9.92%, and of that amount $492,036 is tax revenue to be raised from new property added to the tax roll this year. Wo f TOWN OF SPE� pi, OWN CSF P 9 SPER FiSCATYEAR 2012-2013 ADOPTED BUDGET Prepared By: Lyle Dresher, Interim Town Manager Matthew Garrett, Finance Director • Reviewed and Adopted by Town Council on September 25, zozz. Ray Smith, Mayor Meigs Miller, Deputy Mayor Pro -Tern Kenneth Dugger, Mayor Pro -Tem Curry Vogelsang jr., Council Member Danny Wilson, Council Member Jason Dixon, Council Member Vacancy in Place 1 at time of budget of "Prosper is a place where everyone matters." =f -'-` t� �'a}`., FISCAL YEAR 2012-2013 ADOPTED BUDGET P TABLE OF CONTENTS BUDGET MESSAGE LETTER FROM THE TOWN MANAGER THE BUDGET PROCESS BUDGET CALENDAR TOWN PROFILE TOWN COUNCIL VISION AND STRATEGIC WORKPLAN ORGANIZATIONAL CHART SCHEDULE OF AUTHORIZED POSITIONS LOCATION AND MAP TOWN HISTORY POPULATION AVERAGE RESIDENTIAL PROPERTY TAX BILL FUND SUMMARIES CONSOLIDATED TOWN FUND SUMMARIES INDIVIDUAL FUNDSUMMARIES GENERAL FUND WATER & SEWER FUND DEBT SERVICE FUND (INTEREST & SINKING) CAPITAL PROJECTS FUND PARKS FUND IMPACT FEES FUND INTERNAL SERVICE FUND SPECIAL REVENUE STORM DRAINAGE FUND ECONOMIC DEVELOPMENT CORPORATION {FDC} FUND 3 11 12 15 16 22 23 24 25 26 27 31 32 33 34 35 36 37 38 39 40 41 Fiscal Year 2012-2013 i Adopted Budget REVENUE PRC►JECTIONS GENERAL FUND REVENUE SOURCES PROPERTY VALUATIONS AND AD VALOREM TAXES PROPERTY TAX RATE DISTRIBU71ON SALES TAXES WATER AND SEWER FUND REVENUE OUTLOOK REVENUES IN OTHER TOWN FUNDS DEBT SERVICE ( I& S) FU ND CAPITAL PROJECTS FUND PARKS FUND IMPACT FEES FUND INTERNAL SERVICE FUND SPECIAL REVENUE STORM DRAINAGE FUND EDC FUND REVENUE SOURCES APPROPRIATIONS GENERAL FUND TOTAL APPROPRIATIONS BY CATEGORY GENERAL FUND TOTAL APPROPRIATIONS BY DEPARTMENT GENERAL FUND DEPARTMENT SUMMARIES ADMINISTRATION POLICE DISPATCH FIRE FIRE MARSHALL STREETS LIBRARY PARKS MUNICIPAL COURT INSPECTIONS CODE COMPLIANCE PLANNING ENGINEERING 45 46 47 48 49 50 SO 50 50 50 50 50 50 50 53 54 55 56 57 58 59 60 61 62 63 64 6S 66 67 Fiscal Year 2012-2013 ii Adopted Budget APPROPRIATIONS ICONT'Dj WATER & SEWER FUND TOTAL APPROPRIATIONS BY CATEGORY WATER & SEWER FUND TOTAL APPROPRIATIONS BY DEPARTMENT WATER & SEWER FUND DEPARTMENT SUMMARIES WATER WA S7E'dJ A7ER U71LIT1 BILLING STORMS DRAINAGE UTILITY FUND /DEPARTMENT SUMMARY EDC FUND /DEPARTMENT SUMMARY CHARTER ARTICLE VII — FINANCIAL PROCEDURES OUTSTANDING DEBT SCHEDULE PROPERTY TAX RATES -EFFECTIVE RATE NOTICE BUDGET ORDINANCE PROPERTY TAX ORDINANCE WATER AND SEWER RATES GLOSSARY APPRECIATION THANKS TO THE FY 2012-2013 BUDGET TEAM 68 69 70 71 72 73 74 77 82 83 85 88 90 95 (INSIDE BACK COVER) Fiscal Year 2012-2013 iii Adopted Budget ITSPER aO� This page was intentionally left blank. Fiscal Year 2012-2013 iv Adopted Budget s k k TOWN OF SPE Prosper is a place where everyone matters. Ir t� Financial Tran$parency Initiative % -t BUDGET MESSAGE 0 Letter from the Town Manager The Budget Process Budget Calendar "Prosper is a place where everyone matters." All FISCAL YEAR 2012-2013 ADOPTED BUDGET 1�� I"OWN 0r S P E R October 1. 2012 To The Honorable Mavor and Town Council Re. 177:eAn?lt,al bwr qetfor Fiscal Year 2012-2013 For vour consideration is the adopted Torn of Prosper Annual Operations and Maintenance Budget reflecting the general short-term policies of the current Town Council as the elected representatives of the citizens of Prosper. These short-term policies also reflect the principles of Town C'ouncil's adopted Strategic Vision and tN'ork Plan The Annual Budget is untended to: • serve as an operating plan for the new fiscal year, • proNide fiscal police direction to the Town Staff. • pro-ide a basis of accountability to the taxpayers of the investment of their tax dollar, and • serve as a basis for measuring the performance for those indi-iduals charged with the management of the Toc-n's operations. In essence, the Annual Operations and Maintenance Budget represents the single most important management tool of the Governing Body and the Staff BUDGET OVERVIEW The Town of Prosper Fiscal Year 2012-2013 adopted budget addresses increased senice levels to Town residents in response to continued grow•tln, proxides required or money -saving capital investments in infrastructure and other public improvements as well as additional public safety resources. The Town has continued to thrive relative to many markets despite the economic unstabiht�- and stagnant economic growth both regionally and nationally_ Despite the Town's current and future growth potential and general optimism, this budget has been prepared with conservative revenue assumptions in mind. The Town of Prosper currently employs eighty-nine (89) regularly scheduled team members, eighty- one (8 1) full time and eight (8) part time The adopted budget includes the following staffing additions Fiscal Year 2012-2013 3 Adopted Budget kd changes • Hiring of three (3) additional Police Officers to increase patrol coverage and service • Changing the current part time Fire Chief position to a full time position • Reclassif-Hing a part time Inspector position to a full time Plumbing Inspector • Adding a Development Review Coordinator position to the Planning department to address increase plan review demand from the surge in new development. • Adding a Water department Construction Inspector position to keep pace v..ith infrastructure inspection demand resulting from new development • Add funding in the Sev. er department for staffing a second service cre.. _ comprised or a Crew Leader and a Utility- '�'lorker • Converting a part time Utilitt_• Billing Clerk to a full time position for the Utility Billing department In evaluating the 2012-2013 Adopted Budget it is important to consider it in context with several historical organizational initiatives. current conditions and the impact each has on planning for additional appropriations. Those with the greatest impact are listed below. The Adopted 2012-2013 Budget Appropriations total S17.1 million (Ial) for all funds not including debt service_ capital projects or the Economic Development Corporation_ Of that amount, approximately S9 2M is for General Fund operations and maintenance, and STSM for tine To3vrn's Enterprise Funds including Solid Wa-ste, Water and Sexer utilities as well as the Storm Drainage Utilitv Fund. Debt Service appropriations for the coming fiscal year are S2.6M. Propertv Valves Certified property valuations increased by S1 14M (9AQo) for FY 2012-2013. Property values increased from S1.205 8M to 51=319.6M_ For the first time in a few years; both the total certified property valuations and existing property values irncreased The bulk of the increase came from new construction, accounting for S94.6M_ Most of the Town's current values come from Collin Countv properties. but the Denton County portion is expected to have a few new developments in the near future. Property Tax Rate This near the property tax rate is adopted at S0.52 per 5100 of assessed value. which is equal to the pre -.nous property tax rate. The portion of the tax rate applied to Debt Senfice is 50.203086 with the balance allocated for Maintenance and Operations Sales Taxes During both FY 2010 and FY 2011, sales taxes generated over S 13 in Torn revenue_ Growth in new business and a general increase in existing retail sales have resulted in much higher sales tax revenue than anticipated For FY 2011-2012= the ToAvri expects to bring in more than Sl_SM; hoti.-ever, only S1 1M was budgeted Recognizing a steady rate over S13M, staff is projecting sales taxes will total SI AM m FY 2012- 2013 as a conservative measure for unknowns in the economic and political climate J Fiscal Year 2012-2013 4 Adopted Budget Utility- Rates The To -,;n of Prosper To-wn Council continues its implementation of rate recommendations that support the Town Councils adopted ZVater and Wastewater Utility Comprehensive Business Plan- The Plan as adopted contains recommendations to enhance revenues, to establish maintenance reserves and to fund an amival contribution of 200 to a capital replacement program. This adopted budget includes a rate design change reducing the lo -,vest rate tier from 15.000 gallons to 10.000 gallons. Consumers under 10:000 gallons a month � ill see no change in their bill Au average Prosper resident using 11.000 gallons per month :ill par S5.58 more per month Solid 'Waste rates increased 50o in February 1012 and should not change until 2015. The adopted budget assumes an increase to Storm Drainage revenues for new home constriction GENERAL. FUND The Fiscal Year 2012-2013 Budget holds the tax rate of SO 52. The effective tax rate- that is the rate that iyould generate the same amount of property tax revenues next year from the same taxed properties in Fiscal Year 2011-2012- is SO.518321. The rollback rate, v.•hich approximately equates to 1080 o of this vear`s effective operating rate minus the additional sales tax for property- tax reduction, is SO 511076. Each additional pennv of the tax rate generates approximately S125.000 in Droperty tax revenue TheCollin County Tax Assessor -Collector again expects to collect 1000a of the current property taxes due based on their past histon• of doing so_ Fiscal Year 2012-2013 Revenues are expected to equal Appropriations resulting in zero net effect to the Towns Fund balance- The Audited Fund Balance at the end of Fiscal Year 2010-2011 was S5;568,868 Revised Fund balance prior to the final audit for Fiscal Year 2011-2012 is expected to increase Si_405;017 to S6,9 +3,88. The large addition to fund balance is comprised primarily of sales tax and permit fees exceeding very conservative estimates The target reserve level (Fund Balance) is set at 2500 (or 90 days) of total appropriations Until a 2011 Charter election_ there .vas a formal l00o Contingency Policy ill the Charter in addition to the targeted 90 day reserve At the recommendation of staff, the Charter Commission proposed to increase this to 200o and it was approved by. 88°0 of voters At the end of the 2012-1013 Fiscal Year the projected total fund balance not otherv:ise restricted or held in contingency should total SI 870.3 71 e:hich equates to an additional 113 days- of operations depending on final audited numbers- bringing the total number of operating days of reserves to 275 days. Staff is revietiving one-time uses consistent Nvith the Town's Fund Balance Policy and will seek- Council eekCouncil guidance during FY 2013 on its use Fiscal Year 2012-2013 5 Adopted Budget GENERAL FUND REVENUES Overall- revenues are projected to increase 15.10; compared to that budgeted in Fiscal Year 2011- 2012. This increase is from increased property tax, sales tax, permit fees and interfund transfers from enterprise funds SalesTaxes have remained higher than projected for several years. The Tov:n has safely and conseivativel-- forecasted the sales tax revenues. raising the FY 2012-201= expectation to 51,400,000. Building Permit Revenues increase to 51,275.000 or 3600 -when compared to the Fiscal Year 2011- 2012 Adopted Budget reflecting steady nev: residential and some non-residential construction. It is assumed the Tov:n v. -ill issue 425 or more new residential permits in the coming year. Street rental_ utility franchise payment and administrative fees from the Tmvn's Water and Se -,ver Funds are projected to increase to 10°o in accordance with the Tovn's adopted Water and Wastewater Utility Comprehensive Business Plan and subsequenth• adopted rate studs_•. A similar, but smaller fee of 6°o ,will be transferred from the Drainage Utility Fund Municipal Court Fines, Licenses and Franchise Fees are projected to rise slightly v..-ith population. SAFER Grant revenues are scheduled to reduce sharply, v:ith most grant funds already received This source will be exhausted in FY 2012-2013 v.-ith reimbursements estimated at SI5,000 Over the life of this grant, the Tov-c-n will have received S948.825 to help pay for the addition of six full-time Firefighter Paramedic positions. General Fuad Revenues by Source Revenue Category Property Tax License, Fees & Permits Sales Tax InterfunclTransfers in Franchise Fees Fines & Warrants Charges for Services Investment Income Grants Miscellaneous Revenue Total FY 2013 Adopted $4,309,802 $1,622,625 $1,404,500 $801,700 $434,500 $280,000 $192,900 i $60,100 $30,250 $26,250 $9,162,627 X of Total I 47.0% 15.3% 8.7% 4.7% 3.1 % 2.1% 0.7% j 0.3% - - 0.3% j 100.0% Fiscal Year 2012-2013 6 Adopted Budget GENERAL FUND APPROPRUTIONS Total General Fund appropriations for the Adopted Fiscal Year 2012-2013 Budget are S92M. This is an increase of approximately 15.100 compared to the 2011-2012 Budget. New personnel costs constitute 31°0 of the total increase_ the categon of personnel makes up 67.80o of the General Fund Budget The adopted budget authorizes the Tov,.Tn Manager to hire three Police Officers, reclassify the pari time Fire Chief to a full time position and convert a part time Inspector to a full time Plumbing Inspector in Inspections. The Planning department is adding a Development Re<.iev:- Coordinator position. Program Enhancement and Capital Expenditures included in the adopted appropriations and planned for the 2012-2013 Fiscal Year by Division are as follows A dmini strati on The budget includes the cost of recruiting a nev.- ToNvn Manager and also allows for the Interim Toc-n Manager to continue working until a replacement is chosen. The Administration adopted budget includes funding for consolidating most servers into virtual environments Several Tov.Tn servers are beyond their scheduled life or are overloaded to the point of i nefficnencv. Technology funding is built into this proposal to keep employees v; orking as productively as possible by replacing some end-user computers as <.vell as building redundancl• on the sen-ers 4yith the IT goal of high availability. Wiile the project budget and ultimate methodology is not completed, Administration includes funding for the design and possible installation of a Backup Disaster Recover• System Point to Point wireless networking bete: een Tonin facilities should be fully functional in FY "2013 allowing several MPLS connections to be terminated Also_ the ToE:-n will begin to accept emplo}Trent applications electronically, facilitating better compliance vyith retention requirements and easing part of the hiring managers selection task. This and a handful of other administrative tasks, such as timekeeping= purchase orders and web reporting are being considered Community Libran The increased cost for Librarian Sertices with City of Celina is included in the adopted budget. The ToNvnn should evaluate staffing requirements for State Libran- SN -stern accreditation to remain eligible for Collin County library finding. The budget includes additional funding to subscribe to eBooks gixing patrons a new means of "checking out- the collection_ Fiscal Year 2012-2013 7 Adopted Budget Police Operations & Dispatch Three Police Officers gill be added in the 2012-2013 Fiscal Year resulting in each shift to be covered ,,-6th at least two Officers. This is critical not onl-v to be available for a second call: but also improves Officer safety- The budget as presented also includes funding for two nes, police vehicles and related make readv expenses. Fire. EATS & Fire Marshall The part time Fire Chief will become a full time Tos:n of Prosper Fire Chief during FY 2013 The Fire Department -,will receive a Pumper Engine possibly in the Spring of 2013. The Town Council approved a reimbursement resolution alloying for this purchase to be reimbursed -,with debt proceeds expected to be issued no later than February 2013. Public Works — Streets The Streets department budget includes more street signal repair and electricity increases. It also contains more equipment rental for specialized or heavy equipment needs Development Services -Inspections_ Planning; Engineering. Code Enforcement. Parks and Recreation The Inspections Division will continue to utilize a private contractor to perform all health'food establishment, hotel inspections. A part time position v ill be made full time as a Plumbing Inspector. The Inspections budget includes the hosting senice fee for the TRAILiT sof fare program, which supports all of Development Services and eventually may support Public 'Work -s. TRAKiT was originally coded to Planning Additional costs reflected in the Code Compliance department budget include legal fees for continued enforcement efforts and contractual costs v ith Collin County for Animal Control Senices Planning Department finding includes the addition of a ne3: Development ReNiew Coordinator position Planning -,611 continue to contract ti=.-ith Frisco s GIS department for mapping senices. In Parks and Recreation, the budget increases contract labor and repair and maintenance items to cover additional park land maintenance DEBT SERVICE (Interest S Sinking (I&S)1 FUND This fund represents the debt portion of the tax rate Debt payments from I&S for Fiscal Year 2012- 2013 �.Nill total S2_536AS1 a 6_7�o increase from the current year's budget. The increase includes the first debt payments for the bank -qualified 2012 General Obligation debt issue Fiscal Year 2012-2013 8 Adopted Budget ZYATER. SENVER & SOLID W=ASTE UTILITY FUND Revenues for the Water- Sev. er and Solid Waste Fund are expected to increase to S7 6144 -6th an adopted rate structure design change to cover increasing ras: water costs and fund growing utility operations. The adopted business plan for the Water and Sewer Utilitl• Fturd identifies the need to for revenue enhancements to corer existing and future operations and maintenance costs as well as debt service and contracted se«er costs v-ith the Upper Trinit�• Regional Water District The solid i-:aste contract renewal with IESI in 2005 ould have expired November 30: 2311. Under the nez: agreement approved by Town Council, IESI (nos: Progressive Raste Solutions) will hold that rate for three vea-s. Solid v.aste rates had not previously been changed for Prosper residents since Februan• 2009and staff is pleased that vre can once again offer some multi -near rate stability on this senice Rater- Sevver & Solid Waste Fund Revenues by Source Revenue Category Water Charges i Sewer Charges Solid Waste Charges Tap & Construction Penalties Investment income License, Fees & Permits M.iscelianeous Revenue Total FY2013 Adopted $4,690,000 $2,043,500 $720,000 $300,000 $50,000 $30,000 $42,500 $25,000 i $7,901,000 %of Total 59.4% f 25.9% 9.1% 3.8% 0.6% 0.4% 0.5% 0.3% 100.0% Program Enhancement and Capital item expenses budgeted in the Rater'Sewei Utility include • The addition of one Construction Inspector and tsvo nes, ser -,ice trucks in Water • Funding for one Utility Worker- one Utility Cres;- Leader and a one -ton pickup in SeNver • The part time Utility Clerk changing to a full time position in Utility Billing DR -AL's AGE UTILITY FUND The 2012-2013 Budget as adopted includes slightly increased revenues for nesv construction. Several projects have been identified, and the fund will begin debt senice payments on approximately SIM issued as part of the 2012 Certificates of Obligation. The fund will be able to support debt service pai•ments and still complete routine dramage'storm seater maintenance t.ithin collected revenues. J Fiscal Year 2012-2013 9 Adopted Budget GENER-A-L DISCUSSION ITEMS The following items also have been incorporated into the Adopted Fiscal Year 2012-2013 Budget: • The adopted budget includes employee increases consistent v.ith the ToN.n s compensation studs recommendations In FY 2009-2010, employees did not earn salary increases, but rather were allotted one time pa,,nients instead In FY 2010-2011_ the Town Council set the target base salary range assignment at 1000 o of the average prevailing rate for the comparator market aitd worked within the budget to get all employees up to their respective range minimums. For FY 2011-2012, the Town moved employees with more time in thein position further into the pat• range. The adopted FY 2012-2013 Budget ;.ill be the third year of this three tear strategy to bring Prosper compensation in line with the market. Time in position pay adjustments are being implemented, moving more experienced employees further into the pay range All employees, except those with less than 6 months at Prosper_ are scheduled to receive at least a 1.5°0 increase. The Town will need to solidify a strategy for considering future pay changes in preparation for the FY 2013-2014 budget. The final pay increases and related benefits total approximately 5120,000 in the adopted budget • The TMRS rate budgeted for FY 2013 is ll°o_ vrhich is slightly more than the Annual Required Contribution (ARC) Rate of 10.31°o as required by GASB Statement Number 27. It is staffs intent to reduce expected increases to less than 0.05° o per year over the nest feet years assuming the same employees and related plan provisions. • The To -,,,n is offering three health plan options this year - two Medical Expense Reimbursement Plans and a Health Savings Account Plan. Similar to plans from neighboring communities. To,..n Council approved paying for a portion of the dependent premium. After tabulating employee elections from open enrollment_ the total increase to the budget for these changes is only 553£9 more than a straight renewal. All ancillary benefits are locked in multiple year agreements and are the same as the previous year • Continued partnerships -with other entities have produced multiple saving opportunities for shared services or improving our customer service to residents and visitors alike. o The Town continues to operate the Community Library in the Revrrolds Middle School - o The Tos.n renews its agreements along v,ith several area cities to contract vith Collin County for Animal Control and Sheltering Service_ e The Town has several agreements v.ith Frisco including using Frisco GIS for our departments and Interlocal agreements for part time help in both the Municipal Court and Dispatch as needed. Fiscal Year 2012-2013 10 Adopted Budget In summary, staff is honored to present an adopted budget that accomplishes Council goals to expand sen -ices and competitively compensate staff v:•hile holding the line on the tax rate The Town's adopted budget attempts to address the current and future growth and infrastructure expansion demands chile recognizing the needs of its Citizens. I -, ould also like to compliment and thank the Finance Department and the entire Town Staff for their dedication_ diligence and fiscal accountability in providing their respective services to the Governing Bode and the Citizens of Prosper. SrnceIely' L- le H. Dresher Interim To -,.-n Manager Fiscal Year 2012-2013 I 1 Adopted Budget PURPOSE OF AN ANNUAL BUDGET The basic purpose of the Town of Prosper Budget is to serve as a communication tool to residents, businesses, and employees regarding the Town's financial plan. The budget is designed to provide clear and accurate information to Town stakeholders with respect to how their local government is organized and how it operates. BUDGET DETAILS The Town's fiscal year is from October 1st to September 30th. Beginning October 1st, the approved budgets are appropriatied to the various funds and departments. Amendments may be made to the budget during the fiscal year in accordance with Town Charter provisions. These amendments shall be by ordinance, and shall become an attachment to the original budget. Expenditures may not exceed appropriations at the department level without Town Council approval. The Town budgets for revenues and expenditures on a yearly basis. The final adoption of the Annual Budget takes place in September and the new fiscal year begins October 1. Final adoption of the budget by the Town Council shall constitute the official appropriations as proposed by expenditures for the current year and shall constitute the basis of official levy of the property tax as the amount of tax to be assessed and collected for the corresponding tax year. PREPARATION OF THE ANNUAL BUDGET DOCUMENT Budget preparation requires careful consideration and usually begins with Kickoff Meetings when the Finance Director meets with Department Heads to review the budget preparation calendar and to establish the basis for budget submissions. In April, the Budget Preparation Manual is distributed to departments for review. Submissions include funding requests for personnel, improvements to public services, capital outlays and enhancement projects. Once received from departments, the Finance Department carefully reviews and evaluates each department's budget submissions for completion and line item consistency. The overall picture of estimated revenues and proposed expenditures is studied. Focusing on the Town Manager's vision for Prosper and providing the most efficient and effective services to the Prosper citizens are the major considerations throughout the budget review process. From June through September, budget workshop sessions are held between the Town Manager and Department Heads. The Town Manager submits the proposed budget to Town Council and it is made public for review. The proposed operating budget includes proposed expenditures and the means of financing them. This eventually culminates into Town Council public hearings in August and possibly September. At this time, the Town Council may further revise the proposed budget as it deems necessary. The final adoption of the Annual Budget takes place in September when the budget is legally enacted through the passage of an ordinance. BUDGET ADMINISTRATION The Fiscal Year begins and the approved budgets are then under the management of the responsible Department Head and ultimately the Town Manager. Department Heads are given much discretion to assign funds within their departmental budgets as needed and consult with the Town Manager on any significant variances from a given line item budget. Any revision that alters total expenditures of any department must be approved by the Town Council. Expenditures for goods or purchased services are documented by receipts, invoices, purchase orders or contracts. The Town Manager submits monthly financial reports as required by Town Charter and actively manages any shortfalls in revenues or overages in expenditures. Unless known to be immediately necessary or significant in value, budget amendments will be done towards the close of the fiscal year taking into account other possible savings within the fund. Encumbered amounts lapse at year end, meaning any encumbrances are canceled or reappropriated as part of the following year budget. Fiscal Year 2012-2013 12 Adopted Budget Fiscal Year 2012-2013 13 Adopted Budget Responsible Date Action Parties May 25, 2012 Fiscal Year 2012-2013 budget process initiated. Finance Director Town staff completes revenue and expenditure projections through the end of the current fiscal year, Continuation budget and Program Enhancement budget requests and related forms. Submit by email to the June 15 Finance Director. Department Heads June 29 Compile and Discuss with Town Manager and Department Heads Finance Director July 23 Receive certified tax roll from Appraisal Districts. Chief Appraisers Preliminary Budget Workshop — Revenues and recommended budget Town Manager August 2 reviewed by Town Council and Town Council August 5 Publish effective and rollback tax rates. Finance Director Council receives Town Managers Proposed Budget. Town Manager files Proposed Budget with Town Secretary (at least 30 days prior to tax levy) Town Manager, Meeting of governing body to discuss tax rate; if proposed tax rate will Town Council, exceed the rollback rate or the effective tax rate (whichever is lower), Finance Director August 10 take record vote and schedule public hearings. and Town Secretary Publication of public hearing notices on the proposed budget and increase of tax rate -- if the tax rate exceeds the effective rate (not earlier than August 15 the 30"' day or later than the 10"' day prior to the hearing) Finance Director 72 Hour Notice - Publication of public hearing notice on the proposed budget and increase of tax rate -- if the tax rate exceeds the effective Finance Director August 20 rate and Town Secretary First public hearing on the proposed budget and increase of tax rate -- if Town Manager August 24 the tax rate exceeds the effective rate and Town Council Notice of Vote on Tax Rate Published newspaper and Web site Finance Director August 27 (at least 7 days before meeting) and Town Secretary Town Council Meeting to pass Ordinance adopting the Fiscal Year 2012- 2013 Budget and the 2012 Tax Rate to be considered by the Town Town Manager September 14 Council. and Town Council Finance Director September 15 Final approved budget to be filed with Town Secretary. and Town Secretary Copies of final budget distributed to Town Council and Department Heads AND Tax Assessor/Collector and Appraisal District notified of current year September 30 tax rates. Finance Director October 1 Taxes are billed by the Tax Assessor/Collector. Tax Assessor Fiscal Year 2012-2013 13 Adopted Budget LSPER OWN OF This page was intentionally left blank. Fiscal Year 2012-2013 14 Adopted Budget +.. a._ Zi 5 f ►1` PRTOWN OF, 1 S PER Prosper is a place where everyone matters. FiR+YE TOWN PROFILE Town Council Vision and Strategic Workplan Organizational Chart Schedule of Authorized Positions Location and Map Town History Population Average Residential Property Tax Bill "Prosper is a place where everyone matters." J U FISCAL YEAR 201.2-2013 ADOPTED BUDGET Council Member Place I Mayor Ray Smith Term: May 2013 Mike Korbuly 1P Term: May 2013 o P'row0 N 1, r. LSPER Council Member Place 3 Curry Vogelsang Jr. Term: May 2014 Council Member Place S Danny Wilson Term: May 2014 Fiscal Year 2012-2013 TOWN COUNCIL The Mayor and each of the six (6) Council Member places are elected at large according to the Town Charter. 17 I Council Member Place 2 Deputy Mayor Pro -Tem Kenneth Dugger Term: May 2015 N Council Member Place 4 Mayor Pro -Tern Meigs Miller Term: May 2013 Council Member Place 6 Jason Dixon Term: May 2015 Adopted Budget TOWN OF PROSPER TOWN COUNCIL 2010 NVORKPLAN February 23, 2010 PURPOSE PROSPER IS A PLACE "'HERE EVERYONE MATTERS BEST IN THE WORLD Prosper \Hill be the best in the i%orld at prox iding systematic opportunities that inspire our citizens to actualh make a difference in our Tov,n VALUES I caderslup - Cream rt} - Economic Securlt\ - Securit-, - Helping Others EXCELLENCE Excellence is N�hcn v c are a caring C'OmmunitN- NNhen ne demonstrate Leadership that adds Value for our citizens and com munitri. v, hen NNe benefit from continuous Creati� ih. NNhen \\e hay e sound Economic SeeUrit}. v hen Nuc prox ide sustained SecuritN and v, lien \\e are Helping Others. a Fiscal Year 2012-2013 18 Adopted Budget GOAL #1 SECURE THE TONN'N'S FINANCIAL. FUTURE a Be sound sten ards, of the To\\n's resources and assets I Implement a performance excellence management s} stent u Adopt policies supporting budget goals and ohlectnes. asset intestment_ personnel. purchasing. return on inres[mcin s(ratc«ics. and debt management strategics In Implement rate structures throughout the organization that support the cost of Operations. spccificalh related to Mater- sencr and stortimatcr utilities IN Dct clop and implement financial mcenn5 es for public pritiatc partnerships that benefit the conumnutN \\ith sustauutblc infi-astructurc as ncll as deN clopmcnt N rlmplcnlcnt snatcg� for inforutatron teclmoto - dispatch and radio reimbursements GOAL #2 ACTIVELY ENGAGE CITIZENS a Dex clop a holistic communication s} stem that is personal and transparent I Utilize as ntan} communication tools aN ailable recognizing the drN crset\ and flexibillt\ these tools offer. ii. Establish relationships bew een the To\\ ns organization and the communiIN that int oh cs consistent and regular- personal contact be( IN residents. neighborhoods businesses and the people proN Idntg sen ices in the To\\ n of Prosper. hr. Mobilize cs erN one in the comnwnitN in marketing Prosper ii Ton n leadership trill model and be accountable to excellent customer sen ice b Pro\ ide a nth rad of opportunities for residents to Interact mill each other and the organizations that sen c the conununit\ . 1. Partner Ni ith the Prosper Independent School District on as man\ mntualh_ beneficial projects possible. ii Create a C'Rezens 201 U Bond Committee JW Create a Ton n Charter coltunrttec to consider mtundmcnts to the Tot n Charter n _ Promote the Sen eProsper campaign and programs creatine opportunities for aiding local residents in \arious stages of nerd The To\\n \\ill host t ntcl) conuuuntt_\ meetings- World Cafe -s. to discuss commurit) issues and opporttutrties Fiscal Year 2012-2013 19 Adopted Budget GOAL #3 MAKE PROSPER A JEWEL a ('reate a sense of place for each resident and business to identifi \\ rth I Update the TON\n s C'onnprchcnsne Plan. Zoning Regulations. Subdn ision Regulations and Den clopnnent Standards. Propert\ Maintenance and Sign Code to reflect Prospers Purpose ii Create an image blueprint for the Towns major thoroughfares and all municipal construction projects that prox ide a %isual -tic that binds the conunnumt\ together ur Build physical cn\ironmcnts that pionnotc gathering places for the conrnurnith to come together. b Crcate a coninuuuh that is looking fornard_ encourages and embraces change I Aggressix ck pursue and secure economic dcn clopnn:nt opportunities that \\ill capture the market u Ing est in municipal infrastructure_ architecture and de%cloyment that reflect excellence N\ ithout compromise and supports Prospers purpose. in. Create multiple opportunities for the Tm\n to partner \pith Collin and Denton ('oumth's to enhance sen ices and infiastructue pro\ ided to the citizens of Prosper ix Complete annexation process for areas in Prospers remaining ETJ GOAL #4 ENHANCE PUBLIC SAFETY a Positron the Fie and Police Departments to be proactix c I Implement necessary impro%ements to support the Fur Departments goal to successfulh reach an ISO Rating of _ or better. it Expand Public Safet\ to include support for customer centered code enforcement. in Where feasible consider establishing partnerships \\ith neighboring communities for Joint dispatch. fire. first responder and ambulance scrnices i\ Finalize plans for pro\ iding Public Safet} ser\ ices for residents lig in,, and \N orking in the \N estern portion of Prosper. Establish lc\ el of sen ice parameters that support the effecti%eness of Public Safet\ personal b Utilize technology to pro\ ide more opportunit} for personal sen ice i Construct the necessan_ communications infrastructure for adequate co\ erage for the entire communitx . it Train all departments and CERT m NINIS a Fiscal Year 2012-2013 20 Adopted Budget 2015 Town Council Goals* SOUND FISCAL MANAGEMENT 1 Pass Towns First General Obligation Bond (Coal 1, 2, 3 and 4) 2 Increase Towns Credit Rating to "A" (Goal 4) 3. Synchronize Tax Rate with expanded services (Goal 4) 4. Offer full slate of online services (Goal 1 and 2) S. Adopt Budget Policies (Goal 4) PUBLIC SAFETY AND SECURITY 1 Build Dispatch Center (Goal 3 and 4) 2. Lower ISO Rating (Goal 3 and 4) 3 Purchase Ladder Truck (Goal 3 and 4) 4. Start building second fire station (Goal 3 and 4) 5. Meet Community Police staffing standards (Goal 3 and 4) ECONOMIC SECURITY 1. Zone property for a Medical Center (Goal 2) 2. Create partnership to spur economic opportunity (Goal 1) 3. Select 200 acre site for college (Goal 2) SUBSTANTIAL CITIZEN INVOLVEMENT IN COMMUNITY 1. Start Involvement Committees (Goal 1) 2. Create a virtual Town Hall (Goal 1 and 2) 3. Hire staff and technical Support (Goal 1 and 4) GATHERING OPPORTUNITIES 1. Integrate gathering places in retail projects (Goal 1 and 2) 2. Plan a Community Center (Goal 1 and 2) 3. Begin installation of Wi/Fi fiber (Goal 1, 2, 3 and 4) 4. Build a community garden (Goal 1 and 2) 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 2012-2013 21 Adopted Budget INFRASTRUCTURE IN KEY LOCATIONS 1. Build west service roads to DNT (Goal 2, 3 and 41 2. Purchase parkland (Goal 1, 2 and 4) 3. Create Partnerships with public and private sectors to develop projects (Goal 1, 2, and 4) 4. Budd water and sewer infrastructure, NTMWD west expansion, connect to Upper Trinity Sewer (Goal 2 and 4) S. Build transportation infrastructure including west Prosper streets, east Prosper widening, 289 expansion (Goal 2, 3 and 4) "Town Council goals as established October 2007. Fiscal Year 2012-2013 22 Adopted Budget cr Yrofil� Pro chat 1 o��'ri Of FY 10/11 FY 09/10 Fund Department Position Type I FY 12/13 Revised Revised GENERALFUND Adopted Administration 5.25 Police 10 Dispatch 6 Fire 19 Fire On-call temporary pool 10 Fire Marshal 1 Streets 2 Library 2 Parks 6 Court 1 Inspections 6 Code Compliance 1 Planning 2 Engineering 1 Subtotal Full -Time 56.25 Subtotal Part -Time 4 Subtotal Temporary 12 Total General Fund 72.25 WATER/SEWER FUND 1 Water 5 Wastewater 2 Utility Billing 1.75 Total Water/Sewer Fund All Full-time 8.75 DRAINAGE UTILITY FUND 1 Total Utility Fund All Full-time 0 ECONOMIC DEVELOPMENT CORPORATION 3 Administration 2 Subtotal Full -Time 1 Subtotal Part -Time 1 Total Economic Development Corp. 2 CAPITAL PROJECTS FUND - CIP Proiect Manaqer 7 Total Capital Projects Fund Temp Full-time 1 12 FY 09/10Revised Position Type 12 78.25 84.25 ALL FUNDS 89.50 Total Full -Time 66 Total Part -Time 5 Total Temporary 13 Total All Funds 84 Fiscal Year 2012-2013 24 FY 10/11 FY 11/12 FY 11/12 FY 12/13 Revised Adopted ( I Revised ( Adopted 6.25 7.25 6.50 6.50 11 12 12 15 7 7 7 7 19 19 20 20 10 10 10 10 1 1 1 1 2 2 2 2 2 2 3 3 6 10 10 10 1 1 1 1 9 9 9 9 1 1 1 1 2 2 2 3 1 1 1 1 58.25 65.25 65.50 71.50 8 7 8 6 12 12 12 12 78.25 84.25 85.50 89.50 5 7 7 8 2 3 3 5 1.75 1.75 2.50 2.50 8.75 11.75 12.50 15.50 0 1 1 1 1 1 2 2 0 0 1 1 1 1 1 1 1 1 2 2 1 1 1 1 FY 10/11 FY 11/12 ( FY 11/12 I FY 12/13 Revised Adopted ( Revised Adopted 67 78 80 89 9 8 9 7 13 13 13 13 89 99 102 109 Adopted Budget �E is r SAN ANGELO 4f, • t. d AUSTIN SAN ANTONIO CORPUS CHRI T tii LARE O7 n �. :` 6R0WNS1ttLLE `i,, FORT WORTH 1' DALLAS 0 } The Town of Prosper, TX is located in North Central Texas, and covers approximately 27 square miles of the Dallas/Forth Worth Metroplex ("DFW'L). Prosper includes incorporated areas in both Collin and Denton Counties, with most of the Town's population residing in Collin County. The Town is positioned at the crossroads of Preston Road and US Highway 380, and is just five minutes north of the bustling Dallas North Tollway cities of Frisco and Plano. Fiscal Year 2012-2013 HOUSTON to • Its peaceful setting beckons families to experience its wide open spaces, small town charm, city convenience and close knit community. The Town is bursting with pride for its first rate education and state championship sports teams, picturesque ranches and other amenities. Access to the DFW area coupled with a commitment to maintain a high standard of living have created substantial growth for the Prosper community and this growth is expected to turn up sharply in the next few years. J 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. 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 2012-2013 26 Adopted Budget 18,000 - - 16,672 - 16,000 13,531 - - - 14,000 -- -- - - - - -- - 12,190 12,000 10,000 - - 9,a23- 8,000 -- - - - ---_ _----- - - -- - - - - -- 6,350 6,000 - - - ----5,250- - - - - - - -- = - r 4,000 31100 2,400 =_ - - 2,000 21097 � � � � - - 0 - OO 01, OD ,LO ,LO ,LO ,LO ,LO ,y0 ALO ,LO ti0 ,LO ,y0 ,LO ,LO Source: Population estimates to date are from North Central Texas Council of Governments; Future estimates are from Town of Prosper Staff The economy dictates the timing of population increases, but the final population will be most greatly affected by the types of development that occur. Town Council approved the 2012 Comprehensive Plan, which improves and replaces the 2004 Plan. Policy -makers and Town staff will use this document as a guide while reviewing development projects, Town budget, prioritizing capital improvement projects and drafting ordinances to direct growth that leads to the established vision. The Future Land Use Plan (below) sets an overall framework for the preferred pattern of development within Prosper. Legend July 2072 • Lan L`ensd, R.-xden14 Mold Tenn U.— ` Future Medun� L'ens� Rr—.+Jemu:''` Tenn Genter NKNo� s % rx9n eer�n, ResrrMnea� -- rai«e, omni,✓��■■ Land Use P I2�.I�b S P E R L Re �' 8 4egh aM w Se .ResWM US 363 D M:ro xeruv I- ��l_r____ 2 — �0.LM. RusmessP�nY IM .-F—d�lu:n 40 Tenon,F3'. e, Plan 0 0_", 0' 1 15 '[� ETJ Plate 2 Fiscal Year 2012-2013 27 Adopted Budget The average property tax bill for a Prosper resident in Collin County is calculated below assuming the 2012 average home taxable value of $321,662 at the adopted rate for Prosper of $0.52 per $100 taxable valuation with no exemptions. Rate per Town of Prosper, $0.520000, 20.67% Collin Cc $0.086299, 3.43% Prosper ISD, $1.670000, 66.37% Collin County, $0.240000, 9.54% The tax rates of entities are from the Collin CAD and Denton CAD websites. Below is a quick comparison of the Town of Prosper's Property Tax Rate to other cities. 2012 Tax Rates Rounded to 3 digits if longer $1.00 - - - - $0.90- - - - - - - - 0 771 $0.80 t - - - - -- $0.70 - - II.586 D.610 -0.615 0.630. 0.645 0.650 0.665 x_630 �• $0.60 - - 0 520 D-552------ 00 --- - - - - - - 681- - - - D b9 $0.50 j-0:360--0.374 0.377 4462 - --- - - - -- - - -- -- - - - - - $0.40 t-- --------- - - - - - - - - -- - - $0.30- - - - - - - - $0.20 w - -- - - -- - -- - - - - $0.10- $0.00 - - - - - T- \Q�\�� P Q Qe• rr mac, � �� P � Q\�o ��,� PQ�� Q�� `' fiscal Year 2012-2013 28 Adopted Budget $100 Valuation Tax Levy Jown of Prosper $ 0.520000 $ 1,672.64 ,.Prosper ISD ` $ 1.670000 $ 5,371.76 SCollin County 0.240000 $771.99 .-: Collin College $ 0.086299 $ 277.59 Town of Prosper, $0.520000, 20.67% Collin Cc $0.086299, 3.43% Prosper ISD, $1.670000, 66.37% Collin County, $0.240000, 9.54% The tax rates of entities are from the Collin CAD and Denton CAD websites. Below is a quick comparison of the Town of Prosper's Property Tax Rate to other cities. 2012 Tax Rates Rounded to 3 digits if longer $1.00 - - - - $0.90- - - - - - - - 0 771 $0.80 t - - - - -- $0.70 - - II.586 D.610 -0.615 0.630. 0.645 0.650 0.665 x_630 �• $0.60 - - 0 520 D-552------ 00 --- - - - - - - 681- - - - D b9 $0.50 j-0:360--0.374 0.377 4462 - --- - - - -- - - -- -- - - - - - $0.40 t-- --------- - - - - - - - - -- - - $0.30- - - - - - - - $0.20 w - -- - - -- - -- - - - - $0.10- $0.00 - - - - - T- \Q�\�� P Q Qe• rr mac, � �� P � Q\�o ��,� PQ�� Q�� `' fiscal Year 2012-2013 28 Adopted Budget 41 IP pTOWN OP SPE R Prosper is a place where everyone matters. -X -Amu FUND SUMMARIES 0 Consolidated Town Fund Summaries Individual Fund Summaries "Prosper is a place where everyone matters." A FISCAL YEAR 20112-2013 ADOPTED BUDGET ANNUAL SUMMARY ADOPTED 1Cf AnAl. ( omoGsTzo ( rRnomcrum | aonGor pwmm |AC«n�nmTT»PE 2nm�o 1 � 2011-2012\ 2011-2012[ 2012-2013 GENERAL *EvcwuEs 8.569.340 7.953.158 9.543.364 9.162.627 EXPENDITURES 8.074.381 8.e87.253 8.138.347 91*2.627 NET REVENUES OVER (UNDER) EXPENDITURES 494.9e9 (zw.one) 1.405.017 u WATER /SEWER REVENUES 7.144`187 6.543.600 7.919.524 7.901.000 sxpsmo/ruREa 5.6*3.705 7.2e3.283 7.819.251 e.238.518 NET REVENUES OVER (UmoeR)EXPENDITURES 1.500,482 (748683) 300,273 (337.516) DEBT SERVICE (|&5) REVENUES 2.161.754 2.530.667 2.577.918 2.781.958 EXPENDITURES 2.001.166 2,399,802 2.3e3.818 2.556.*81 NET REVENUES OVER (mmER)EXPENDITURES 160.588 130.865 184.100 245.475 CAPITAL PROJECTS RsvEwosS 3a18.958 242000 13.694.890 u*u.000 sxpEwo|Tunes 3.608.158 7.693.085 6.727.092 *.501.085 NET REVENUES OVER (/moeR)EXPENDITURES 10.800 (7.*51.080 6'967.798 (4.25e.085) PARKS REVENUES 13.751 128.800 401.843 128.800 EXPENDITURES 438.615 1.620.000 780.1*2 1.620.000 NET REVENUES OVER (UxoeR) EXssmxrunEx (424.864) (1/49/,200) (378.299) (1.*91.200) iMPACTFEES RsyswosS 1.622.804 1.310,000 Zn,o.»*r 2,620,000 Expswononss nao.un^ 5.553.000 non.na^ 6.1163.000 NET REVENUES OVER «/woaR/EXPENDITURES 656,600 (4.243.000) 1'091.583 (o's«u.000) INTERNAL SERVICE REVENUES 69,823 82.300 58.43* 82.300 sxpEwmTuREs 36.347 50,000 49.562 60,000 NET REVENUES OVER (mmER)EXPENDITURES oo.^ra 32'300 8.872 32.300 SPECIAL REVENUE nsyswusS /25.677 52.400 7e8.048 52.400 cxPswmTVREs 337,085 369.e00 343.124 58.200 . NET REVENUES OVER (UNDER) EXPENDITURES (211,408) (m*`oon) 454,924 <6'800> STORM DRAINAGE ne/ewUsS 194.*76 23e'000 206.043 209V00 sxPEwononeo 98,865 190.190 158.735 2*1.513 NET REVENUES OVER (UwoER)EXPENDITURES e5.611 *s.mn ^r.yoo (32.513) Fiscal Year 2O\2'20\3 31 - Adopted Budget FUND BALANCI, AND RESERVE POSITIONING ADOPTED 1ACCOUNTTYPE 1 ACTUAL, 1 BUDGETED 1 PROJECTED 1 BUDGET FUND 2010-2011 2011-2012 2011-2012 2012-2013 REVENUES Property Tax 3,868,027 3,940,354 3,925,185 4,309,802 Sales Tax 1,320,686 1,133,500 1,878,767 1,404,500 Franchise Fees 424,485 365,550 454,368 434,500 License, Fees & Permits 670,199 1,241,100 1,846,947 1,622,625 Charges for Services 163,188 202,905 216,252 192,900 Fines & Warrants 386,001 220,000 247,335 280,000 Grants 284,645 131,289 198,129 30,250 Investment Income 69,567 75,500 48,596 60,100 Miscellaneous 114,666 56,250 141,073 26,250 TOTAL REVENUES $ 7,301,464 $ 7,366,448 $ 8,956,654 $ 8,360,927 EXPENDITURES Administration 1,524,824 1,395,410 1,435,081 1,508,770 Code Compliance 144,368 163,390 142,128 169,370 Dispatch 399,632 632,433 564,755 635,680 Engineering 164,812 155,995 154,830 157,575 Fire Dept 2,129,840 2,197,039 2,126,392 2,486,058 Inspections 423,145 474,805 462,932 582,195 Municipal Court 217,117 256,140 235,393 234,730 Parks 529,756 762,256 780,763 833,675 Planning 385,206 318,544 332,858 333,823 Police Dept 1,071,276 1,195,645 1,177,182 1,529,755 Public Library 69,748 84,060 84,533 94,895 Streets 302,862 334,359 338,717 387,944 Capital Outlay 646,325 300,177 285,783 164,450 Debt Service 35,230 - - - TOTAL EXPENDITURES $ 8,044,141 $ 8,270,253 $ 8,121,347 $ 9,118,920 Period Excess / (Deficit) $ (742,677) $ (903,805) $ 835,307 $ (757,993) OTHER FINANCING Transfers (out) (30,240) (17,000) (17,000) (43,707) Transfers In 841,446 586,710 586,710 801,700 Proceeds from Insurance 426,430 - - - TOTAL OTHER FINANCING SOURCES (USES) $ 1,237,636 $ 569,710 $ 569,710 $ 757,993 NET CHANGE IN FUND BALANCE $ 494,959 $ (334,095) $ 1,405,017 $ - BEGINNING FUND BALANCE $ 5,073,909 $ 5,568,868 $ 5,568,868 $ 6,973,885 ENDING FUND BALANCE $ 5,568,868 $ 5,234,773 $ 6,973,885 $ 6,973,885 BALANCE OF UNRESTRICTED FUNDS $ 5,568,868 $ 5,234,773 $ 6,973,885 $ 6,973,885 Less: 25% Reserve (90 Days) 2,011,035 2,067,563 2,030,337 2,279,730 20% Contingency per Charter (72 Days) 1,608,828 1,654,051 1,624,269 1,823,784 AMOUNT OVER (UNDER) MINIMUM RESERVE TARGET $ 1,949,004 $ 1,513,159 $ 3,319,279 $ 2,870,371 AMOUNT OVER (UNDER) IN DAYS OPERATING COST 87 66 147 113 Fiscal Year 2012-2013 32 Adopted Budget NI:T ASSEI'S AND RESERVE POSITIONING 25% Minimum Operating Reserve (90 Days) 2% Capital Replacement Reserve Fiscal Year 2012-2013 1,061,085 1,197,600 1,123,021 1,264, 757 681,409 928,876 949,875 1,211,591 33 Adopted Budget (ACCOUNT ( ( 0 I PROJECTED I FUND TYPE 010-20 1 2011-20121 2012 013 REVENUES- Operating Water and Sewer Charges 5,902,345 5,478,700 6,377,811 6,733,500 Sanitation Charges 618,175 687,000 720,038 720,000 Water and Sewer Connections 425,714 230,000 601,286 300,000 Service Initiation & Other Fees 37,314 25,900 58,705 42,500 Late Payment Penalties 63,305 57,000 69,286 50,000 Miscellaneous 46,217 25,000 59,134 25,000 Total Operating $ 7,093,071 $ 6,503,600 $ 7,886,261 $ 7,871,000 Non -Operating Interest Income 51,116 40,000 33,263 30,000 Total Non -Operating $ 51,116 $ 40,000 $ 33,263 $ 30,000 Trasfers In Operating Transfers - - - - Transfers in from Other Funds - - - - Total Transfers In $ - $ - $ - $ - TOTAL REVENUES $ 7,144,187 $ 6,543,600 $ 7,919,524 $ 7,901,000 EXPENSES- Operating Personnel Services 532,039 703,485 667,659 907,841 Materials and Supplies 1,449,876 1,558,215 1,392,290 1,636,900 Town Services/Maintenance 178,624 228,600 206,043 245,150 Contractual Services 1,868,607 2,224,808 1,800,802 2,310,458 Depreciation & Amortization 637,921 650,000 1,000,000 750,000 Total Operating $ 4,667,067 $ 5,365,108 $ 5,066,794 $ 5,850,349 Non -Operating Interest Expense & Fiscal Charges 553,913 1,353,465 1,495,206 1,596,847 Total Non -Operating $ 553,913 $ 1,353,465 $ 1,495,206 $ 1,596,847 TOTAL EXPENSES Before Operating Transfers $ 5,220,980 $ 6,718,573 $ 6,561,999 $ 7,447,196 Net Income (Loss) Before Operating Transfers $ 1,923,207 $ (174,973) $ 1,357,524 $ 453,804 TRANSFERS Transfers Out for Internal Service (4,725) (2.160) (2,160) (2,160) Transfers Out for General Fund (418,000) (572,550) (572,550) (789,160) Transfers Out to Capital Projects (482,541) Total Transfers $ (422,725) $ (574,710) $ (1,057,251) $ (791,320) CHANGE IN NET ASSETS $ 1,500,482 $ (749,683) $ 300,273 $ (337,516) BEGINNING NET ASSETS $ 11,622,550 $ 13,123,032 $ 13,123,032 $ 13,423,305 ENDING NET ASSETS $ 13,123,032 $ 12,373,349 $ 13,423,305 $ 13,085,789 25% Minimum Operating Reserve (90 Days) 2% Capital Replacement Reserve Fiscal Year 2012-2013 1,061,085 1,197,600 1,123,021 1,264, 757 681,409 928,876 949,875 1,211,591 33 Adopted Budget FUNU BALANCL Fiscal Year 2012-2013 34 Adopted Budget ADOPTED 1ACCOUNTTYPE ( ACTUAL I BUDGETED I D PROJECTED I BUDGET FUND 2010-2011 2012-2013 REVENUES Property Tax 2,144,426 2,514,667 2,521,623 2,769,956 Investment Income 17,328 16,000 56,295 12,000 TOTAL REVENUES $ 2,161,754 $ 2,530,667 $ 2,577,918 $ 2,781,956 EXPENDITURES Principal 904,400 1,299,100 1,299,100 1,395,650 Interest 1,093,098 1,077,702 1,077,702 1,140,831 TOTAL EXPENDITURES $ 1,997,498 $ 2,376,802 $ 2,376,802 $ 2,536,481 Period Excess/(Deficit) $ 164,257 $ 153,865 $ 201,117 $ 245,475 OTHER FINANCING Administrative Fees 3,668 23,000 17,016 20,000 Transfers Out for Debt Service - - - - TOTAL OTHER FINANCING SOURCES (USES) $ 3,668 $ 23,000 $ 17,016 $ 20,000 NET CHANGE IN FUND BALANCE $ 160,588 $ 130,865 $ 184,100 $ 225,475 BEGINNING FUND BALANCE $ 576,671 $ 737,259 $ 737,259 $ 921,360 ENDING FUND BALANCE $ 737,259 $ 868,125 $ 921,360 $ 1,146,835 Fiscal Year 2012-2013 34 Adopted Budget FUND BALANCE ADOPTED ACTBUDGET FUND TYPE I 2 10 2,0111 I BUDGETED 2 12D I PROJECTED011012 IACCOUNT I 2012-2013 REVENUES Investment Income 28,637 7,000 27,954 7,000 Grants 1,108,857 235,000 2,863,034 235,000 Donations & Contributions 200,747 - - - TOTAL REVENUES $ 1,338,241 $ 242,000 $ 2,890,987 $ 242,000 EXPENDITURES General Government 104,815 144,085 146,186 101,085 Capital Outlay 3,056,694 7,282,000 6,389,355 4,400,000 Debt Interest & Fiscal Charges 58,771 267,000 191,551 - TOTAL EXPENDITURES $ 3,220,280 $ 7,693,085 $ 6,727,092 $ 4,501,085 Period Excess/(Deficit) $ (1,882,040) $ (7,451,085) $ (3,836,104) $ (4,259,085) OTHER FINANCING Proceeds From Bond Issuance 2,045,000 9,774,811 Premium On Issuance of Bond 11,039 546,551 - Transfers In 224,679 482,541 Transfers (Out) (387,878) - TOTAL OTHER FINANCING SOURCES (USES) $ 1,892,840 $ - $ 10,803,903 $ - NET CHANGE IN FUND BALANCE $ 10,800 $ (7,451,085) $ 6,967,798 $ (4,259,085) BEGINNING FUND BALANCE $ 5,337,350 $ 5,348,150 $ 5,348,150 $ 12,315,948 ENDING FUND BALANCE $ 5,348,150 $ (2,102,935) $ 12,315,948 $ 8,056,863 Fiscal Year 2012-2013 35 Adopted Budget FUND BALANCE FUND IACCOUNTTYPF REVENUES Park Improvement Fees Park Dedication Fees Park Improvement -interest Park Dedication -Interest Donations & Contributions TOTAL REVENUES $ EXPENDITURES General - Parks Dedication General - Parks Improvement Professional - Parks Dedication Professional - Parks Improvement Capita) - Parks Dedication Capital - Parks improvement Miscellaneous TOTAL EXPENDITURES $ Period Excess / (Deficit) $ NET CHANGE IN FUND BALANCE $ BEGINNING FUND BALANCE $ ENDING FUND BALANCE $ (424,864) $ (1,491,200) $ (378,299) $ (1,491,200) (424,864) $ (1,491,200) $ (378,299) $ (1,491,200) 1,974,363 $ 1,549,499 $ 1,549,499 $ 1,171,200 1,549,499 $ 58,299 $ 1,171,200 $ (320,000) Fiscal Year 2012-2013 36 Adopted Budget ADOPTED ACT1JA1, BUDGETED11-2012 1 PROJECTED 1 BUDGET 1 2010-2011 20 2011-2012 2012-2013 75,000 81,567 75,000 - 50,000 90,000 50,000 5,035 2,500 3,401 2,500 2,775 1,300 1,314 1,300 5,940 - 225,561 - 13,751 $ 1128,800 $ 401,843 $ 128,800 38,435 57,005 - - 4,500 - 800 20,000 - 20,000 377,397 600,000 206,513 600,000 - 1.000,000 - 1,000,000 21,984 - 512,125 - 438,615 $ 1,620,000 $ 780,142 $ 1,620,000 (424,864) $ (1,491,200) $ (378,299) $ (1,491,200) (424,864) $ (1,491,200) $ (378,299) $ (1,491,200) 1,974,363 $ 1,549,499 $ 1,549,499 $ 1,171,200 1,549,499 $ 58,299 $ 1,171,200 $ (320,000) Fiscal Year 2012-2013 36 Adopted Budget FUND BALANCE FUND REVENUES EXPENDITURES 1ACCOUNTTYPE Impact Fees - Water Impact Fees - Sewer Impact Fees - Thoroughfare Investment Income TOTAL REVENUES $ General - Water General - Sewer General - Thoroughfare Capital Outlay - Water Capital Outlay - Sewer Capital Outlay - Thoroughfare Impact Fee Reimbursement TOTAL EXPENDITURES $ Period Excess /(Deficit) $ OTHER FINANCING Transfers In Transfers Out TOTAL OTHER FINANCING SOURCES (USES) $ NET CHANGE IN FUND BALANCE $ BEGINNING FUND BALANCE $ ENDING FUND BALANCE $ 2010-201L 010 2 111 ( B2011 -2012D 011 2 12n I PR201ACTUAUDGETEOJ1, 012 cTED I 2012-2013 BUDGE 457,889 400,000 622,509 800,000 393,441 350,000 539,841 700,000 740,809 550,000 878,537 1,100,000 30,666 10,000 34,460 20,000 1,622,804 $ 1,310,000 $ 2,075,347 $ 2,620,000 48,917 610,000 347,150 1,220,000 135,206 255,000 28,818 255,000 51,395 60,000 17,098 60,000 - 978,000 293,550 978,000 - 950,000 195,049 950,000 697,731 2,700,000 124,943 2,700,000 32,956 - 76,381 - 966,204 $ 5,553,000 $ 1,082,989 $ 6,163,000 656,600 $ (4,243,000) $ 992,358 $ (3,543,000) - 99,225 - $ - $ 99,225 $ 656,600 $ (4,243,000) $ 1,091,583 $ (3,543,000) 6,238,857 $ 6,895,457 $ 6,895,457 $ 7,987,040 6,895,457 $ 2,652,457 $ 7,987,040 $ 4,444,040 Fiscal Year 2012-2013 37 Adopted Budget NF:T ASSETS ANll RESERVE POSITIONING Fiscal Year 2012-2013 38 Adopted Budget 1ACCOUNTTYPE I I BUDGETEDACTUAL D I PROJECTED 1 FUND 2010-2011 01l 2 12 2012 013 REVENUES Transfers In 69,255 81,800 57,500 81,800 Investment Income 568 500 934 500 TOTAL REVENUES $ 69,823 $ 82,300 $ 58,434 $ 82,300 EXPENSES Operating Expenses 36,347 50,000 49,562 50,000 Transfers Out - - - - TOTAL EXPENDITURES $ 36,347 $ 50,000 $ 49,562 $ 50,000 Period Excess/(Deficit) $ 33,476 $ 32,300 $ 8,872 $ 32,300 CHANGE IN NET ASSETS $ 33,476 $ 32,300 $ 8,872 $ 32,300 BEGINNING NET ASSETS $ 55,893 $ 89,369 $ 89,369 $ 98,241 ENDING NET ASSETS $ 89,369 $ 121,669 $ 98,241 $ 130,541 Fiscal Year 2012-2013 38 Adopted Budget FUND B LANCL Fiscal Year 2012-2013 39 Adopted Budget ADOPTED I ACTUABUDGET I B2011 I P2011-2012 D I FUND ACCOUNT TYPE 2010-201L1 -2012D 2012-2013 REVENUES Police Donations 15,785 16,000 16,530 16,000 Fire Donations 15,130 12,000 11,714 12,000 Health & Safety Fair Donations 1,336 2,000 50 2,000 Child Safety Donations 5,530 3,000 11,044 3,000 Court Security Revenue 3,436 2,900 3,467 2,900 Court Technology Revenue 4,025 4,000 4,591 4,000 Escrow Income 53,351 - 727,013 - Christmas Festival Revenues 19,990 10,000 20,232 10,000 Cash Seizures 7,095 500 3,407 500 Grants - 2,000 - 2,000 TOTAL REVENUES $ 125,677 $ 52,400 $ 798,048 $ 52,400 EXPENDITURES Police Expense 26,488 8,000 14,509 8,000 Fire Expense 17,262 8,000 9,207 8,000 Health & Safety Fair Expense - 1,500 2,644 1,500 Child Safety Expense 1,628 1,000 1,532 1,000 Court Security Expense 1,275 2,500 839 2,500 Court Technology Expense 14,422 12,200 2,425 12,200 Escrow Expense - 315,500 292,723 15,500 Christmas Festival Expenses 23,975 20,000 19,245 10,000 Cash Seizures Expense - 500 - 500 Miscellaneous 3,188 - - - TOTAL EXPENDITURES $ 88,238 $ 369,200 $ 343,124 $ 59,200 Period Excess/(Deficit) $ 37,439 $ (316,800) $ 454,924 $ (6,800) TRANSFERS Transfers Out for General Fund (248,847) - Total Transfers $ (248,847) $ - $ - $ - NET CHANGE IN FUND BALANCE $ (211,408) $ (316,800) $ 454,924 $ (6,800) BEGINNING FUND BALANCE $ 1,937,380 $ 1,725,972 $ 1,725,972 $ 2,180,896 ENDING FUND BALANCE $ 1,725,972 $ 1,409,172 $ 2,180,896 $ 2,174,096 Fiscal Year 2012-2013 39 Adopted Budget N1,.. ) ASSETS AND RESERVF POSITIONING TRANSFERS CHANGE IN NET ASSETS BEGINNING NET ASSETS ENDING NET ASSETS Transfers Out for Internal Service (240) (240) Transfers Out for General Fund (11,400) (14,160) ADOPTED (12,540) I ACTUAL 1 BUDGETED 1 PROJECTED Total Transfers BUDGET FUND ACCOUNT TYPE 2010-2011 2011-2012 $ 45,810 2011-2012 $ (32,513) 2012-2013 REVENUES- Operating Storm Drainage Charges 192,350 $ 210,848 235,000 204,360 $ 256,658 208,000 Total Operating $ 192,350 $ 235,000 $ 204,360 $ 208,000 Non -Operating Interest Income 2,126 1,000 2,283 1,000 Total Non -Operating $ 2,126 $ 1,000 $ 2,283 $ 1,000 TOTAL REVENUES $ 194,476 $ 236,000 $ 206,643 $ 209,000 EXPENSES- Operating Personnel Services - 43,740 10,429 42,715 Materials and Supplies 66,466 10,550 16,205 12,550 Town Services/Maintenance - 4,900 - 4,900 Contractual Services 20,999 116,600 115,941 58,450 Depreciation & Amortization 2,000 3,200 Total Operating $ 87,465 $ 175,790 $ 144,575 $ 121,815 Non -Operating Interest Expense & Fiscal Charges - - - 106,918 Total Non -Operating $ - $ $ - $ 106,918 TOTAL EXPENSES Before Operating Transfers $ 87,465 $ 175,790 $ 144,575 $ 228,733 Net Income (Loss) Before Operating Transfers $ 107,011 $ 60,210 $ 62,068 $ (19,733) TRANSFERS CHANGE IN NET ASSETS BEGINNING NET ASSETS ENDING NET ASSETS Transfers Out for Internal Service (240) (240) Transfers Out for General Fund (11,400) (14,160) (14,160) (12,540) Transfers Out to Capital Projects Total Transfers $ (11,400) $ (14,400) $ (14,160) $ (12,780) $ 95,611 $ 45,810 $ 47,908 $ (32,513) $ 115,237 $ 210,848 $ 210,848 $ 258,756 $ 210,848 $ 256,658 $ 258,756 $ 226,243 =iscal Year 2012-2013 40 Adopted Budget Z=UNI) I3ALANCL NET CHANGE IN FUND BALANCE BEGINNING FUND BALANCE ENDING FUND BALANCE $ 332,066 $ 71,877 $ 350,827 $ 328,507 $ 1,578,128 $ 1,910,194 $ 1,910,194 $ 2,261,021 $ 1,910,194 $ 1,982,071 $ 2,261,021 $ 2,589,528 Fiscal Year 2012-2013 41 Adopted Budget ADOPTED 1ACCOUNTTYPE ACMAL 1 BUDGETED PROJECTED 1 1 BUDGET FUND 2010-2011 2011-2012 2011-2012 2012-2013 REVENUES Sales Tax 438,636 376,667 624,952 466,667 Investment Income 20,299 20,000 22,894 20,000 Other Income - - 6,921 - TOTAL REVENUES $ 458,935 $ 396,667 $ 654,766 $ 486,667 EXPENDITURES General Expenses 126,869 324,790 303,939 157,755 Capital Outlay - TOTAL EXPENDITURES $ 126,869 $ 324,790 $ 303,939 $ 157,755 Period Excess/(Deficit) $ 332,066 $ 71,877 $ 350,827 $ 328,912 OTHER FINANCING Transfers (out) - - - (405) Transfers In TOTAL OTHER FINANCING SOURCES (USES) $ - $ - $ - $ (405) NET CHANGE IN FUND BALANCE BEGINNING FUND BALANCE ENDING FUND BALANCE $ 332,066 $ 71,877 $ 350,827 $ 328,507 $ 1,578,128 $ 1,910,194 $ 1,910,194 $ 2,261,021 $ 1,910,194 $ 1,982,071 $ 2,261,021 $ 2,589,528 Fiscal Year 2012-2013 41 Adopted Budget s T o w S N OF PER This page was intentionally left blank. Fiscal Year 2012-2013 42 Adopted Budget h�TOWN OF S P ER Prosper is a place where everyone matters. REVENUE PROJECTIONS 0 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" • �. �� a .`�fi 3h' �,. `fes yb.., year �..� �. .,eg��.; W 'Y O ew I e l fi k FISCAL YEAR. 2012-2013 ADOPTED BUDGET RevenueCategory �� | ��| of Total Property Tax $4,309,802 47.0% � License, Fees & Permits $1,622,625 17.7% �ake�Tax $1/40 1��Y6 ____ |nteMundTransfers|n �8O1,7OO —�'T- 8.796 ----'--- ---------'--~-- - Franchise Fees ---- 4"', �4-�4,SO-O � 4.7%] i---'----- - '- -� tFines &VVarrants � -' -2 ---'' i $�8U,UUU _. � lY6 / .-____~___-__-_-' iCh�r�esfor6en�ceS $192'900 _� � 2.196 ! 'drivestment Income lGrants $O.3Y6 _ Miscellaneous $26,250 O.396 - �-.�- -------'_� -� Charges for Services Investment Income Fines Warrants rants $192,900 Grants Franchise Fees $380'000 2.1% $3025O $434^50O ' 0.3% |nterfundTransfers In $801'7OO 8.7% A Sales Tax $1,404,500 15.396 Miscellaneous $26,250 _ . Permits $1,6Z2'62S 17.7% Property Tax $4,309,802 47.0% Fiscal Year 2012-2013 45 Adopted Budget $1,400,000 ---- -- - 'T� $400,000 $1,200,000 $1,000,000 342,977 344,458 333,084 324,387 WM --- $350,000 315,308 79,46 $300,000 �00� 255,321 242,304 Ell $250,000 2263,500 9647 >Z5uU,UUU Tax Rate (Per $100) Times Anticipated Tax Collections Phis Actual Tax on Freeze 1,5 781 1 0 $600,000 1, 769 1, 5,915 9 986 $400,000 7 120 5 039 $200,000 4 296 2 199 3 600 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 M *Certified Net Assessed Taxable Valuations a-mAvg Home Taxable Value Uses ARB approved Totals Source: Collin CAD and Denton CAD Certified Totals 2003-2012 Certified Net Assessed Taxable Increased 9.4% Existing Property Values Increased 1.6% Overall New Construction Totaled $ 94.6 Million Ad Valorem Taxes Total Freeze Adjusted Taxable Value Times Tax Rate (Per $100) Times Anticipated Tax Collections Phis Actual Tax on Freeze TOTAL TAX LEVY One Penny on the Tax Rate ii III $150,000 $100,000 $50,000 $1,253,320,576 0.52 100% $464,113 $6,981,380 $125,332 Fiscal Year 2012-2013 46 Adopted Budget Fiscal Year 2007-08 2008-09 2009-10 2010-11 2011-12 2012-13 General Fund 0.275075 0.305011 0.314084 0.334742 0.316937 0.316914 I & 5 Fund 0.244925 0.214989 0.205916 0.185258 0.203063 0.203086 Total 0.520000 0.520000 0.520000 0.520000 0.520000 0.520000 General Fund ■ 1 & S Fund I 0.0 0.1 0.2 Tax Rate Distribution & s Fund FY 2012-2013 39% FY 2011-2012 1&s Fund 39% #y General Fund 61% FY 2009-2010 1&5 Fund 40% 1 General Fund 60% 0.3 0.4 0.5 General Fund 61% FY 2010-2011 1&5 Fund 36% General Fund 64% FY 2008-2009 1&5 Fund 41% . mmm�o General Fund 59% FY 2007-2008 I&5 Fund 47% General Fund 53% I I 0.6 Fiscal Year 2012-2013 47 Adopted Budget $3,000 - - $2,500 - - - - - $600 $2,000 - - - - - - -— --- - - - --- - - - - - $4 $502 69 VA r 11 $467 $1,500 - _ _ $$ ' -- 402 - - $428 � .�— $435 $439 - - $323 5358 0 $1,000-- - - - --- ---- -- -- - 800 Q 406 507 205 284 .3Q9 316 ,4Q0 $500 70 - 073 - ._ - � � �n\°�°ti°\yy 1q, << �yti <k 1.0 �yti �yti 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 15.3% 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. FY 2012 was an especially strong year, but FY 2013 projections reflect historical trend. H EDC Sales Tax © Town Sales Tax 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. J Fiscal Year 2012-2013 48 Adopted Budget Revenue Category FY 20.13 Adopted % of Total Water Charges $4,690,000 Sewer Charges $2,043,500 25.9% Solid_Waste Charges t Y'TM $720,000 € 9.1% Tap & Construction. $300,000 3.8%wJ Penalties $50,000 ' 0.6% ±Investment Income $30,000 _ 0.4% ±License, Fees & Permits, $42 500 0.5% "Miscellaneous R $25,000 r Revenue Total r $7,901,000 _0.3% 100.0% Solid Wast Charges $720,000 9% Sewer Charges $2,043,500 26% Other Sources Tap & Construction $147,500 S-:nn.nnn ,o, Water Charges $4,690,000 59% Fiscal Year 2012-2013 49 Adopted Budget Revenue Category Property Tax Debt Service 1, 2,769,9561 Capital Projects Parks Impact Fees I -1 Internal Service -1 Special Revenue Storm Drainage EDC !Sales Tax 1 -1 -1 -1 -1 - 466,667 Investement Income 12,000 7,000 3,8001 20,000 500 - 1,000 20,000 License, Fees & Permits 125 - - - 208,000 - Fines & Warrants - 10,400 Impact Fees Donations/Contributions Escrow Income 2,600,000 - 40,000 -1 (Grants/ Reimbursements I 235,0001 -1 -1 2,0001 TransfersIn-1 -1 -1 81,8001 -1 (Fund Total Revenues I 2,781,956 I 242,000 1 128,8001 2,620,0001 82,300 1 52,4001 209,000 486,667 Investement Debt Service Income 0°A 100% Parks Investement Income MAI License, Fees Permits 97% Special Revenue License, Fees &Permits 0% Contribution Grants) 86% Reimb 3% Capital Projects Investement Income 3% Grants/ Reimb 1110— 79% Impact Fees Investement Irworn 1% I I rnpact Fees 99% Storm Drainage Investement Income 0% License, Fees & Permits 100% Internal Service Investement Income 1% Transfers in 99% IfNestement Income EDC 4% Sales Tax 96% Fiscal Year 2012-2013 50 Adopted Budget r. a VA, kk TOWN OF TOWN Prosper is a place where everyone matters. APPROPRIATIONS 0 General Fund Total Appropriations General Fund Departmental Appropriations Water & Sewer Fund Appropriations Water & Sewer Fund Departmental Appropriations EDC Fund Departmental Appropriations "Prosper is a place where everyone matters." � gm- "-`'> ... .. ..... ... _.. - ----� C� f /} � [` F ( FISCAL YEAR 2012-2013 ADOPTED BUDGET "v%:M � \< 4F, \ �§ is IL APPROPRIATIONS 1NC'IMASF (I)ECRFASF) IN FAC'II CATEGORY 0\11-.R I INIF 398% Y 2012 FY 2012 FY 2012 FY 2013 FY I 2010 I FY2011 I DOPTED I AMENDED I P I ADOPTED CATEGORY ACI'UAI. 300% ACTUAL BUDGET UDGI' T ACTUAL1) BUDGET Personnel 4,344,112 4,819,561 5,418,212 5,383,212 5,220,926 6,215,967 Materials & Supplies 294,537 315,951 331,795 363,318 409,405 448,665 Town Services Maintenance 385,317 441,634 417,891 472,891 400,999 555,278 Contractual Professional Services 1.265,333 1,489,522 1,590,655 1,750,655 1,799,294 1,733,060 Capital 50% 140,632 702,325 161,700 300,177 285,783 164,450 Interfund Transfers Out 30,240 32,240 32,905 17,000 17,000 43,707 "TOTAL $ 6,460,171 $ 7,801,233 $ 7,953,158 $ 8,287,253 $ 8,133,406 $ 9,161,127 Interfund transfers Out $10,000 -5956 --42% -47% $9,000 'r -... - - --- - -- - -- - - - -- 0Capital$8,000 Personnel Materials & Town Serv. & Contract./Pro. Capital Interfund Total Change Contractual Professional $7,000 Supp. Maint. - Transfers - Sc ry ices $6,000 to FY 2011 ACTUAL FY 2011 ACTUAL to FY 2012 PROJECTED ACTUAL ■ FY 2012 PROJECTED ACTUAL to FY 2013 ADOPTED BUDGET ■ "l own SeR ices $5,000 ' - Nlaintenance $4,000 Materials k Supplies $3,000 .. 'IPersonnel $2,000 $1,000 '. Thousands $0 FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL 1NC'IMASF (I)ECRFASF) IN FAC'II CATEGORY 0\11-.R I INIF Fiscal Year 2012-2013 53 Adopted Budget 398% 400% - 350 i 300% - - - - - C a�i 250% - c- 200% i 157% - -- - I - 150% 100% ---�7% ` 50% 11% 8% 19% -� - 7% 30% 10% ��- 15% op 18% 21% - 21% 4� -� - t - goJ _461 -50% -5956 --42% -47% -100% '- -... - - --- - -- - -- - - - -- Personnel Materials & Town Serv. & Contract./Pro. Capital Interfund Total Change Supp. Maint. Services Transfers a, FY 2010 ACTUAL to FY 2011 ACTUAL FY 2011 ACTUAL to FY 2012 PROJECTED ACTUAL ■ FY 2012 PROJECTED ACTUAL to FY 2013 ADOPTED BUDGET Fiscal Year 2012-2013 53 Adopted Budget C Parks 9.1% (Municipal Court $234,730 k Department FY 2013 Adopted % of Total Fire Dept $2,368,440 25.8% v Police Dept.. $1,635,955.v_.._,._-.�-_a_�s__.. 1.7% Administration $1,592,477 17.4% Parks $833,675 I 9.1% Dispatch $635,680 6.9% :Inspections ' $592,195 6.5% 'Streets $387,944 4.2% Manning $333,823 1 3.6% (Municipal Court $234,730 k 2..6/0 Code Compliance $169,370 1.8% Engineering $157,575 1.7% Fire Marshall $125,868 1.4% Public Librar Y $ 94 895 1.0% € Revenue Total $9,162,627 100.0% Municipal Court 2.6%_ Streets Planning Inspections 4.2%, 13 moo. Administration 17.4% Engineering Code Compliance 1.7/ 1.8% Fire Marshall 1.4% Public Library 1.0% Police Dept 17.9% Fire Dept 2S.8% Fiscal Year 2012-2013 54 Adopted Budget APPROPRIATIONS TOTAL $ 1,096,584 $ 1,356,902 $ YY 2012 ADOPTED BUDGET 699,610 39,050 84,050 476,700 35,000 32,905 1,367,315 $ FY 2012 AMENDED BUDGET 699,610 57,050 FY 2012 FY 2013 PROJECTED ADOPTED AC'FUAI, I BUDGET 84,050 554,700 35,000 17,000 1,447,410 $ 666,011 Ii -f 2010 FY 2011 CATEGORY I ACTUAL ACTUAI, Personnel 550,403 608,684 Materials & Supplies 18,377 19,587 Town Services , Maintenance 106,336 120,311 Contractual Professional Services 378,426 531,744 Capital 12,802 44,336 Interfund Transfers Out 30,240 32,240 TOTAL $ 1,096,584 $ 1,356,902 $ YY 2012 ADOPTED BUDGET 699,610 39,050 84,050 476,700 35,000 32,905 1,367,315 $ FY 2012 AMENDED BUDGET 699,610 57,050 FY 2012 FY 2013 PROJECTED ADOPTED AC'FUAI, I BUDGET 84,050 554,700 35,000 17,000 1,447,410 $ 666,011 805,520 57,679 45,200 81,956 123,050 629,435 535,000 23,700 40,000 17,000 43,707 1,475,781 $ 1,592,477 P Interfund IransfersOui $1,600 $1,400 4` * Capital $1,200 Contractual Professional $1,000 - Services ■Town Services , Maintenance $800 $600 Materials & Supplies $400 Personnel $200 1 $0 - - - - Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED BUDGET - - FY 2012 AMENDED BUDGET -- -- - FY 2012 FY PROJECTED 2013 ADOPTED BUDGET ACTUAL PFRSONNI'.I, DDED OR DEPARTMENT I FY 2011 I FY 2012 I R=OVED10 I To ( POSITION TI TLE REVISED ED REVISED ADOPTED 2IN I ADD REMOVE ADOPTED FULL TIME POSITIONS (FTE) Accounting Manager * I I Assistant to the Town Manager ** 1 1 1 1 Comptroller 1 1 1 1 Finance Director 1 1 1 I HR Manager I 1 Utility Billing AP Clerk *** 0.25 0.25 0.25 0.25 0.50 Town Manager I 1 1 I Town Secretary 1 I I I PART TIME POSITIONS Finance Clerk I 1 -1 Assistant to the Town Manager I I TOTAL 5.25 6.25 7.25 -0.75 0.00 6.50 * Position created to replace planned retirement for (bmph'oller ** P/'eviO3sli included HR role. HR Iimetioe split off to lieu HR 11aaager alter long-term employee ha coyer. Assistant fmtction cox part time *** Position series both Administration and Utility Billing lrnictions in Town Hall Front Office - wasJunded 75°; in Utilities, now 50'% Fiscal Year 2012-2013 55 Adopted Budget APPROPRIATIONS S CATEGORY Personnel Materials & Supplies Town Services Maintenance Contractual Professional Services Capital TOTAL $ ■Capital $1,800 - -- - - - - $1,600 ' Contractual, Professional $1,400Senices$1,200-- ■Town Services $1,000 Maintenance $800 Materials & Supplies $600 ' , - - - _ - _ _ . - - . - $400 Personnel $200 1; $0 - - - Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 BUDGET BUDGET PROJECTED ACTUAL PFIRSO )NN E1, POSITION TITLE FULL TIME POSITIONS (FTE) Assistant Chief Chief Police Officer Sergeant TOTAL r� FY 2013 ADOPTED BUDGET 'Y 2012 FY 2012 FY 2012 FY 2013 FY 2010 I FY 2011 I I DOPTED AMENDED ROJECTE ( P ADOPTED I AC'FUAL ACTUAL. BUDGET ACTUAL BUDGET 762,051 870,660 998,715 963,715 956,833 1,226,495 24,726 27,938 31,200 41,200 32,889 79,450 91,268 105,660 92,000 127,000 111,916 144,250 62,643 67,019 63,730 63,730 75,544 79,560 92,649 100,291 24,700 57,700 53,823 106,200 1,033,337 $ 1,171,567 $ 1,210,345 $ 1,253,345 $ 1,231,005 $ 1,635,955 ■Capital $1,800 - -- - - - - $1,600 ' Contractual, Professional $1,400Senices$1,200-- ■Town Services $1,000 Maintenance $800 Materials & Supplies $600 ' , - - - _ - _ _ . - - . - $400 Personnel $200 1; $0 - - - Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 BUDGET BUDGET PROJECTED ACTUAL PFIRSO )NN E1, POSITION TITLE FULL TIME POSITIONS (FTE) Assistant Chief Chief Police Officer Sergeant TOTAL r� FY 2013 ADOPTED BUDGET =iscal Year 2012-2013 56 Adopted Budget ADDED OR DEPARTMENT 20 10 I IY 2011 FY 2012 I RFY EMFY OVED N IEQUEST TO I AD FY 2013 REVISED REVISED ADOPTED /REMOVF, ADOPTED 1 1 1 1 1 1 1 1 6 7 8 3 11 2 2 2 2 10 11 12 0 3 15 =iscal Year 2012-2013 56 Adopted Budget NPPR()PRIATIONI S ■ Capital $700 $600 ' Contractual Professional -- wh__ Sen ices $500 -1 own Services ' Maintenance $400- $300_ Materials- & Supplies -- $200 - Personnel $100 t $0 - ThOU5dI1d5 FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PERSO NNI1,I FY 2012 FY 2012 FY 2012 F1' 2013 FY 2010 FY 2011 ADOPTED AMENDED PROJEC'TF,D ( ADOPTED CATEGORY ACTUAL ACI'UAI. BUDGET BUDGET ACTUAL. BUDGET Personnel 288,938 327,500 404,359 404,359 363,457 436,780 Materials & Supplies 5,645 4,026 4,700 4,700 4,261 8,450 Town Services Maintenance 3,186 5,821 8,000 8,000 5,311 11,500 Contractual , Professional Services 30,932 54,865 195,374 215,374 191,726 178,950 Capital 7,420 TOTAL. $ 328,702 $ 399,632 $ 612,433 $ 632,433 $ 564,755 $ 635,680 ■ Capital $700 $600 ' Contractual Professional -- wh__ Sen ices $500 -1 own Services ' Maintenance $400- $300_ Materials- & Supplies -- $200 - Personnel $100 t $0 - ThOU5dI1d5 FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PERSO NNI1,I Fiscal Year 2012-2013 57 Adopted Budget ADDED OR DEPARTMENT FY 2010 FY 2011 I FY 2012 I REMOVED IN REQUEST TO I FY 2013 POSITION TITLE REVISED REVISED ADOPTED FY 2012 ADD/REMOVE ; ADOPTED FtTLL 7/AfE POSITIONS (FTE) Dispatch Supervisor 1 1 1 I Dispatcher 5 6 6 6 TOTAL 6 7 7 0 0 7 Fiscal Year 2012-2013 57 Adopted Budget APPROPRIATIONS ■Capital $2,500 - - - Contractual Professional $2,000 Services k' $1,500 t. ■ Town Services ' %laintenance - - $1,000 Materials & Supplies - - �^ personnel Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PF;RSONNIT ADDED OR 13EPARTMENT FY 2010 FY 2011 FY 2012 QUEST TO FY 2013 POSITION TITLE ( REV ISED I RF ISED ( ADOPTED I REMOVED IN 1 D �REMOVF, I ADOPTED FUI.L TIME POSITIONS (FTE) Assistant Chief * 1 1 1 I Battalion Chief * I -1 Captain ** 2 3 2 1 3 Chief*** 1 1 Driver'Engineer **** 3 3 Firefighter Paramedic 15 15 15 -3 12 PART TIME POSITIONS Chief 1 1 1 -1 Temporary Firefighter'Paramedic 10 10 10 10 TOTAL 29 29 29 1 1 30 * Reclassilied during F}72 from Batt. Chief to .Asst. Chiel for more duties and set as as e.cempi position with regular u ork hours. ** A nein position uas authorized mid year 6r the Town Alanager and filled. *** The Town's long-ternn Part Time Fire Chief is scheduded to go to Full Time in 2013. **** Three Firelighter positions were reclassified io Drirer,Engmeers nndi,ear atihorized by due Town Alanager and filled Fiscal Year 2012-2013 58 Adopted Budget FY 2012 FY 2012 FY2012 FY 2013 I FY 2010 I FY 2011 I 1 ( PROJECTED ADOPTED I CATEGORY AC"I'UAL ACTUAL. BUDGET BUDGE In CTL BUDGET Personnel 1,619,227 1,727,969 1,719,660 1,719,660 1,720,694 1,976,450 Materials & Supplies 109,262 82,714 103,200 101,723 90,810 119,200 Town Services t Maintenance 128,911 135,870 161,113 161,113 127,691 171,500 Contractual Professional Services 73,278 68,996 94,270 94,270 72,972 94,290 Capital 29,692 421,357 7,000 90,477 87,893 7,000 TOTAL $ 1,960,369 $ 2,436,906 $ 2,085,243 $ 2,167,243 $ 2,100,061 $ 2,368,440 ■Capital $2,500 - - - Contractual Professional $2,000 Services k' $1,500 t. ■ Town Services ' %laintenance - - $1,000 Materials & Supplies - - �^ personnel Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PF;RSONNIT ADDED OR 13EPARTMENT FY 2010 FY 2011 FY 2012 QUEST TO FY 2013 POSITION TITLE ( REV ISED I RF ISED ( ADOPTED I REMOVED IN 1 D �REMOVF, I ADOPTED FUI.L TIME POSITIONS (FTE) Assistant Chief * 1 1 1 I Battalion Chief * I -1 Captain ** 2 3 2 1 3 Chief*** 1 1 Driver'Engineer **** 3 3 Firefighter Paramedic 15 15 15 -3 12 PART TIME POSITIONS Chief 1 1 1 -1 Temporary Firefighter'Paramedic 10 10 10 10 TOTAL 29 29 29 1 1 30 * Reclassilied during F}72 from Batt. Chief to .Asst. Chiel for more duties and set as as e.cempi position with regular u ork hours. ** A nein position uas authorized mid year 6r the Town Alanager and filled. *** The Town's long-ternn Part Time Fire Chief is scheduded to go to Full Time in 2013. **** Three Firelighter positions were reclassified io Drirer,Engmeers nndi,ear atihorized by due Town Alanager and filled Fiscal Year 2012-2013 58 Adopted Budget APPROPRIATIONS ■C'apital - FY 2012 FY 2012 FY 2012 FY 2013 I FY 2010 I 1W 2011 I I I PAC. ALD DOPTED BUDGE CATEGORY ACTUAL ACTUAL BUDGET BUDGET Ill + T T Personnel 98,359 99,171 104,160 104,160 100,119 106,305 Materials & Supplies 2,334 2,175 4,010 4,010 5,039 4,510 'I own Services ' Maintenance 4,487 9,208 7,903 8,903 6,415 8,403 Contractual Professional Services 2,159 1,898 3,200 3,200 2,561 5,400 Capital Personnel - 27,000 26,688 1,250 TOTAL $ 107,338 $ 112,452 $ 119,273 $ 147,273 $ 140,822 $ 125,868 ■C'apital - $160 Contractual Professional _--- $140Sen ices $120 - - ■Town Services Maintenance $10(] F $80 Materials & Supplies .i $60 $40� Personnel - $20 $0 ' 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED Thousands BUDGET BUDGET BUDGET PROJECTED BUDGET ACTUAL PFRSONN I'.I. POSITION TITLE FULL TIME POSITIONS (FTE) Fire Marshal TOTAL. RTMENT RY 2010 EREVISED I ADOPTED I REMOVED N ID UEST TO FY 2013 REVISED I ADD/REMOVE ADOPTED l 1 1 1 1 1 1 0 0 1 Fiscal Year 2012-2013 59 Adopted Budget APPROPRIATIONS ■ Capital $400 $350 r - Contractual Professional $300 Services - - - --- - - $250 tt ■ Town Services Maintenance $200 Materials & Supplies - - - $100 - Personnel $50 $0 `l --- --- - - - Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PERS()NNE.L POSITION TITLE FULL, TIhfF POSII'LONS (FTF.) Maintenance Worker Street Superintendent TOTAL ADDED OR DEPARTMENT FY 2010 FY 2011 FY 2012 REVISED I REVISED I ADOPTEDI REMOVED201N I ADD/REMOVEREQUEST TO I ADOPTED 1 1 I 1 1 1 I 1 2 2 2 0 0 2 =fiscal Year 2012-2013 60 Adopted Budget -y 2012 FY 2012 FYF20 12FY 2013 I FY 2010 I FY 2011 I 1 I AMENDED I P L D ADOPTED I CATEGORY ACI'UAL ACTUAL BUDGE UDGET ACTUAROJ BUDGET Personnel 101,901 101,193 112,309 112,309 130,510 122,394 Materials R Supplies 67,475 59,998 86,150 86,150 55,670 98,750 Town Services Maintenance 7,485 10,591 11,200 19,200 14,920 24,600 Contractual Professional Services 165,296 131,080 108,700 116,700 137,618 142,200 Capital 25,985 TOTAL $ 342,158 $ 328,847 $ 318,359 $ 334,359 $ 338,717 $ 387,944 ■ Capital $400 $350 r - Contractual Professional $300 Services - - - --- - - $250 tt ■ Town Services Maintenance $200 Materials & Supplies - - - $100 - Personnel $50 $0 `l --- --- - - - Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PERS()NNE.L POSITION TITLE FULL, TIhfF POSII'LONS (FTF.) Maintenance Worker Street Superintendent TOTAL ADDED OR DEPARTMENT FY 2010 FY 2011 FY 2012 REVISED I REVISED I ADOPTEDI REMOVED201N I ADD/REMOVEREQUEST TO I ADOPTED 1 1 I 1 1 1 I 1 2 2 2 0 0 2 =fiscal Year 2012-2013 60 Adopted Budget APPROPRIATIONS CATEGORY Personnel Materials & Supplies Town Services Maintenance Contractual Prol'essional Services Capital TOTAL $ FY 2010 I ACTUAI. 11,644 11,617 1,861 59,052 400 84,574 $ N Capital $100 - - — Contractual 'Professional $80 - - Services $70 - 0 own Services Maintenance $60 Ntatenals & Supplies $30 Personnel $20 $10 - $0 - Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PERSONNEL FY 2012 ADDED OR FY 2012 FY 2)'FY FY 2011 I 2013 FY 2011 I DOPTEDFBUDGET I I MENDEDP FY 2012 I tB OPTED ACTUAL BUDGET Library Assistant 2 AOCTURJECALD GET 16,516 23,095 23,095 20,823 23,095 13,607 11,400 11,400 12,126 11,400 1,346 2,400 2,400 2,400 38,279 47,165 47,165 51,583 58,000 69,748 $ 84,060 $ 84,060 $ 84,533 $ 94,895 N Capital $100 - - — Contractual 'Professional $80 - - Services $70 - 0 own Services Maintenance $60 Ntatenals & Supplies $30 Personnel $20 $10 - $0 - Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PERSONNEL discal Year 2012-2013 61 Adopted Budget ADDED OR DEPARTMENT FY 2010 FY 2011 I FY 2012 I REMOVED IN REQUEST TO FY 2013 POSITION TITLE REVISED REVISED ADOPTED FY 2012 ADDIREMOVE , ADOPTED PART 77ME POSITIONS Library Assistant 2 2 2 1 3 TOTAL 2 2 2 1 0 3 *,4 third paa't-lime lhbrah tan position xas created and hired to help keep the existing schedule staffed ,NTo increase in budget was alotted discal Year 2012-2013 61 Adopted Budget APPROPRIATIONS FY 2010 CATEGORY ACTUAL Personnel 184,804 Materials & Supplies 31,413 Town Services Maintenance 9,020 Contractual / Professional Services 110,238 Capital 3,056 TOTAL $ 338,531 $ ■ Capital $900 $800 Contractual 'Professional $700 Services }a p- $600 - - - ■ "1 own Services ' Maintenance $500 _ $400 Materials & Supplies $300 $200-- a Personnel $100 _ $0 { - Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 BUDGET BUDGET PROJECTED ACTUAL 11I:RSONNI,1, POSITION TITLE I FULL TIME POSITIONS (FTE) Chemical Technician Equipment Operator Irrigation Technician Maintenance Worker Parks Superintendent Senior Parks & Rec Planner T F.MPOR4R Y POSITIONS Seasonal Maintenance Worker TOTAL FY 2013 ADOPTED BUDGET ly ADDED OR DEPARTMENT FY 20 10 FY REQUE To FY 2013 REVISED I R� ISED I A OPTED I 2011 _ 2012RE MOVE2DNI ADD/REMOVE I ADOPTED 1 2 1 2 2 2 1 1 I 1 1 1 2 2 2 6 6 10 0 0 1 2 1 2 1 1 2 10 Fiscal Year 2012-2013 62 Adopted Budget FY 2012 FY 2012 FY 2012 FY 2013 I I A I PR I ADOPTE ACTUAL BUDGET UDGF ID CT ALD BUDGET 266,829 503,875 503,875 413,405 514,250 59,281 35,525 35,525 130,256 57,275 22,184 17,275 27,775 24,262 25,950 164,849 175,581 195,081 210,689 234,700 96,984 85,000 85,000 89,560 610,128 $ 817,256 $ 847,256 $ 868,173 $ 832,175 ■ Capital $900 $800 Contractual 'Professional $700 Services }a p- $600 - - - ■ "1 own Services ' Maintenance $500 _ $400 Materials & Supplies $300 $200-- a Personnel $100 _ $0 { - Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 BUDGET BUDGET PROJECTED ACTUAL 11I:RSONNI,1, POSITION TITLE I FULL TIME POSITIONS (FTE) Chemical Technician Equipment Operator Irrigation Technician Maintenance Worker Parks Superintendent Senior Parks & Rec Planner T F.MPOR4R Y POSITIONS Seasonal Maintenance Worker TOTAL FY 2013 ADOPTED BUDGET ly ADDED OR DEPARTMENT FY 20 10 FY REQUE To FY 2013 REVISED I R� ISED I A OPTED I 2011 _ 2012RE MOVE2DNI ADD/REMOVE I ADOPTED 1 2 1 2 2 2 1 1 I 1 1 1 2 2 2 6 6 10 0 0 1 2 1 2 1 1 2 10 Fiscal Year 2012-2013 62 Adopted Budget APPROPRIATIONS ■ Capital $300 MW $250 r ---- - - Contractual Professional Servues $200 ■ To" n Services - Maintemance - - - - - - - - - $150IAL 1latenals & Supplies $100 $50 - Personnel - t FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED Thousands BUDGET BUDGET PROJECTED BUDGET ACTUAL PF,RSONNI':I ADDED FY 2013 POSITION TITLE I REVISED I REVISED I ADOPTED Ifly 2010 FY 2011 FY 2012 RE FY MOVED 0 2 N I I ADD REMO REQUEST E ADOPTED FULL TIME POSITIONS (FTE) Municipal Court Administrator 1 1 1 1 TOTAL 1 1 1 1 -fiscal Year 2012-2013 63 Adopted Budget 1, Y 2012 FY 2012 FY 2012 FY 2013 I FY 2010 I FY20II I DOPTED AMEND I P ( ADOPTED CATEGORY ACTUAL, AC"FUAI. BUDGETI U DGET CIUAL'D BUDGET Personnel 77,032 86,392 72,750 72,750 71,795 75,540 Materials & Supplies 3,633 4,232 3,660 3,660 2,676 3,660 Town Set -vices! Maintenance 3,256 2,597 3,300 3,300 1,552 3,300 Contractual ' Professional Services 129,365 123,896 147,430 176,430 159,370 152,230 Capital TOTAL $ 213,287 $ 217,117 $ 227,140 $ 256,140 $ 235,393 $ 234,730 ■ Capital $300 MW $250 r ---- - - Contractual Professional Servues $200 ■ To" n Services - Maintemance - - - - - - - - - $150IAL 1latenals & Supplies $100 $50 - Personnel - t FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED Thousands BUDGET BUDGET PROJECTED BUDGET ACTUAL PF,RSONNI':I ADDED FY 2013 POSITION TITLE I REVISED I REVISED I ADOPTED Ifly 2010 FY 2011 FY 2012 RE FY MOVED 0 2 N I I ADD REMO REQUEST E ADOPTED FULL TIME POSITIONS (FTE) Municipal Court Administrator 1 1 1 1 TOTAL 1 1 1 1 -fiscal Year 2012-2013 63 Adopted Budget APPROPRIATIONS CATEGORY Personnel Materials & Supplies Town Services - Maintenance Contractual - Professional Services Capital TOTAL $ ■ Capital $600 "Y2012 FY 2012 FY 2012 FY 2013 FY 2010 I FY 2011 I AMENDED I PROJECTED I DOPTED ACTUAL. ACTUAL, BUDGET T ACTUAL BUDGET 319,936 367,146 425,055 425,055 415,521 487,270 7,021 23,256 8,000 13,000 12,389 11,000 12,438 14,864 18,300 18,300 15,467 26,775 24,219 17,879 18,450 18,450 16,855 57,150 2,032 10,000 5,000 4,119 10,000 365,646 $ 423,145 $ 479,805 $ 479,805 $ 464,351 $ 592,195 ■ Capital $600 $500 -- - - Contractual Professional Services> $400 ■Town Services - Maintenance $300 ' Materials & Supplies $200 $100 o- Personnel ! FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED Thousands BUDGET BUDGET PROJECTED BUDGET ACTUAL PERSONNI I ADDED OR DEPARTMENT FY 2010 FY 2011 FY 2012 REMOVED IN REQUEST TO FY 2013 POSITION TITLE REVISED REVISED ADOPTED FY 2012 ADR REMOVE ADOPTED F't /LL TIME POSITIONS (FTE) Building Inspector I 1 I Building Official 1 1 I I Chief Building Inspector * I I I Permit "Technician 1 1 2 2 Plumbing Inspector 1 l 1 I Senior Building Inspector 1 1 1 I PART TIMF_ POSITIONS Building Inspector ** 3 3 1 2 Permit Technician ** 1 I TOTAL 6 9 9 0 0 9 * Position created for expanded job ditties and greater specialized skill sets with existing staff. Remos ed Building Inspector. * * Positions m cclassified f -om part tinnc to fall time to keep up with increasing permit volume. riscal Year 2012-2013 64 Adopted Budget APPROPRIATIONS ■ Capital $180 _ r $160 Contractual professional _ Services $140 ' $120 w ■ Town Services Maintenance $100 $80 %latenals R Supplies $40 .. Personnel $20 $0 ThOUShcIdS FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PERSO NNH I FY 2010 FY 2011 POSITION TITLE REVISF.11 REVISED FULL. 77ME POSIHONS (FTE) Code Compliance Officer 1 1 TOTAL 1 1 ADDED OR DEPARTMENT FY 2012 ADOPTED (REF O O D N REQUESTTO FY 2013 I ADD/REMOVE I ADOPTED 1 1 1 0 0 1 Fiscal Year 2012-2013 65 Adopted Budget FY 2012 FY 2012 FY 2013 I 2010 I FY 2011 ( T I AMENDEDP I ACTUCAL D CATEGORY ACTUAL ACTUAL BUDGEFY BUDGET I BUDGET Personnel 58,250 58,314 61,520 61,520 60,221 63,000 Materials & Supplies 2,704 2,711 1,850 1,850 2,440 1,850 Town Services Maintenance 7,865 3,826 3,100 3,600 2,282 3,100 Contractual Professional Services 64,139 79,517 96,420 96,420 77,185 101,420 Capital TOTAL $ 132,958 $ 144,368 $ 162,890 $ 163,390 $ 142,128 $ 169,370 ■ Capital $180 _ r $160 Contractual professional _ Services $140 ' $120 w ■ Town Services Maintenance $100 $80 %latenals R Supplies $40 .. Personnel $20 $0 ThOUShcIdS FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PERSO NNH I FY 2010 FY 2011 POSITION TITLE REVISF.11 REVISED FULL. 77ME POSIHONS (FTE) Code Compliance Officer 1 1 TOTAL 1 1 ADDED OR DEPARTMENT FY 2012 ADOPTED (REF O O D N REQUESTTO FY 2013 I ADD/REMOVE I ADOPTED 1 1 1 0 0 1 Fiscal Year 2012-2013 65 Adopted Budget APPROPRIA] IONS ■ Capital $400 $350 - Contractual ' Professional $300 1- Senices - - ---- -- - -- - - --- --- -- --- - --- - -- - - - _: ■Town Services ' M1taitttenance $200 $150 !' Materials & Supplies = $100 Personnel $50 $0 r - - - - Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PFRSONNI 1. POSI'T'ION TITLE FULL TIME POSITIONS (FTG) Development Review Coordinator Planning & Zoning Manager Planning Director * FY 2010I FY 2011 REVISED REVISED ADDED ORI FY 2012 I REMOVED IN ( REQUEST TO FY 2013 ADOPTED I Y 2012 ADD/REMOVE I ADOPTED Planning Tech 1 1 1 Senior Planner * 1 TOTAL 2 2 2 0 1 The Senior Planner position has gone through a series of reclassifications over the past lex years as ditties have expanded 1 1 1 3 J Fiscal Year 2012-2013 66 Adopted Budget 'Y 2012 FY 2012 FY 2012 FY 2013 I FY 2010 I FY 2011 I AIDOPTED I AMENDED I PROJECTED I CATEGORY ACTUAL ACTUAL. BUDGET D BUDGET Personnel 146,332 152,240 153,394 153,394 162,377 236,423 Materials & Supplies 9,381 16,101 2,950 2,950 2,461 7,250 Town Services Maintenance 5,220 4,441 6,000 6,000 4,394 5,700 Contractual Professional Services 149,990 186,879 150,700 156,200 163,626 84,450 Capital 5,952 TOTAL $ 310,923 $ 365,612 $ 313,044 $ 318,544 $ 332,858 $ 333,823 ■ Capital $400 $350 - Contractual ' Professional $300 1- Senices - - ---- -- - -- - - --- --- -- --- - --- - -- - - - _: ■Town Services ' M1taitttenance $200 $150 !' Materials & Supplies = $100 Personnel $50 $0 r - - - - Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PFRSONNI 1. POSI'T'ION TITLE FULL TIME POSITIONS (FTG) Development Review Coordinator Planning & Zoning Manager Planning Director * FY 2010I FY 2011 REVISED REVISED ADDED ORI FY 2012 I REMOVED IN ( REQUEST TO FY 2013 ADOPTED I Y 2012 ADD/REMOVE I ADOPTED Planning Tech 1 1 1 Senior Planner * 1 TOTAL 2 2 2 0 1 The Senior Planner position has gone through a series of reclassifications over the past lex years as ditties have expanded 1 1 1 3 J Fiscal Year 2012-2013 66 Adopted Budget APPROPRIATIONS $180 ---»- - _"- $160 _ 'y 2012 IDOPTED FY 2012 FY 2012 ITY 1013 I FY 2010 I Fy 2011 ( rBUDGET I AMENDED ( PROJECTED I - CATEGORY ACI UAL ACTUAL UDG) BUDGET Personnel 125,234 136,948 139,710 139,710 139,160 142,445 Materials & Supplies 948 327 100 100 711 670 Town Services Maintenance 3,986 4,916 3,250 3,250 4,832 4,750 Contractual ' Professional Services 15,595 22,622 12,935 12,935 10,128 9,710 Capital $40 TOTAL $ 145,762 $ 164,812 $ 155,995 $ 155,995 $ 154,830 $ 157,575 ■Capital $180 ---»- - _"- $160 _ Contractual Professional $140 --- - Ser\'ices $120 ■Town Services ' Maintenance $100 $80 Materials & Supplies $60- $40 L Personnel $20 t $0 FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED Thousands BUDGET BUDGET PROJECTED BUDGET ACTUAL 111:RS()NNI:1. ADDED OR POSITION TITLE I REVIFY SED I REVISED i ADOPTED R10 FY 2011 FY 2012 EMOVED N I I R QREMOVE ADOPUESTTO FY TED FULL 77MF POSITIONS (F'TF) Development Services Director 1 1 1 1 T FMPORAR Y PO.SI TIO.S'S CIP Project Manager * 1 l I I TOTAL 2 2 0 0 2 2 * This position was adder( to assist H'idn major capital projects and reports to the Development Sen'ices Director. It is /under/ 100'% is the Capital Projects Fuad and is reported here onlr to illustrate the reporting relationship. Fiscal Year 2012-2013 67 Adopted Budget APPROPRIATIONS INCRIASE, (UF('RMSF) IN FAC'II C'AI-EGORY OVI,R "IIh'll'. - - - - --- I...- 2SO 200% - 170% - °� 150% v - 100% { - to 36% 40%- r-29% - % 38% -33� A 50% 25% 5% 13% / 12% 13% L ° 18% ° - - - -- - 5% -4% -4% a- -- - - -- - - - -- - --- - - -- - - -50% -29% -25% -100% 72% - Personnel Materials & Town Serv. & Contract./Pro. Capital Bonds Interfund Total Change Supp. Maint. Services Transfers m FY 2010 ACTUAL to FY 2011 ACTUAL FY 2011 ACTUAL to FY 2012 PROJECTED ACTUAL ■ FY 2012 PROJECTED ACTUAL to FY 2013 ADOPTED BUDGET Fiscal Year 2012-2013 68 Adopted Budget 'Y 2012 FY 2012 FY 2012 FY 2013 I PY 2010 FY 2011 C I AMENDED I I PRO D I D CATEGORY ACTUAL ACTUAL BUDGE BUDGET ACTUAL BUDGET Personnel 561,698 532,039 703,485 703,485 667,659 907,841 Materials & Supplies 1,036,737 1,449,876 1,388 215 1,558,215 1,392,290 1,636,900 Town Services Maintenance 138,128 178,624 183,600 228,600 206,043 245,150 Contractual ' Professional Services 1,649,238 1,868,607 2,224,808 2,224,808 1,800,802 2,310,458 Capital 11,278 3,173 28,000 28,000 60,760 88,000 Bonds 774,825 553,913 1,353,465 1,353,465 1,495,206 1,596,847 Interfund Transfers Out 306,866 422,725 574,710 574,710 1,057,251 791,320 TOTAI. $ 4,478,772 $ 5,008,956 $ 6,456,283 $ 6,671,283 $ 6,680,010 $ 7,576,516 Interfund transfers , Outis-- - --- - ------------ - --- - - --- --- -he - $8,000 Bonds $7,000 ■ Capital $6,000 $5,000 J _ ., ., Contractual • >. -... -- -- _ -t --- - - ---- Professional Services $4,000 -Y ■ Town Services i $3,000 Maintenance - - -- - - $2,000 i Materials &Supplies - - - - --- -- --- - - - - -- -- $1,000 j', nYersonnel $0 - - - Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL INCRIASE, (UF('RMSF) IN FAC'II C'AI-EGORY OVI,R "IIh'll'. - - - - --- I...- 2SO 200% - 170% - °� 150% v - 100% { - to 36% 40%- r-29% - % 38% -33� A 50% 25% 5% 13% / 12% 13% L ° 18% ° - - - -- - 5% -4% -4% a- -- - - -- - - - -- - --- - - -- - - -50% -29% -25% -100% 72% - Personnel Materials & Town Serv. & Contract./Pro. Capital Bonds Interfund Total Change Supp. Maint. Services Transfers m FY 2010 ACTUAL to FY 2011 ACTUAL FY 2011 ACTUAL to FY 2012 PROJECTED ACTUAL ■ FY 2012 PROJECTED ACTUAL to FY 2013 ADOPTED BUDGET Fiscal Year 2012-2013 68 Adopted Budget Department FY 2013 Adopted W % of Total Water $ 4,800,858 63.4% [Wastewater1930,310 ... :.::..,, o UtiliyBilling ( 930310 , 12.3% ;Revenue Total 7,576,516 __.... o _._........ 100.0/ Wastewater 24.4% Utility Billing 12.3% Water 63.4% Fiscal Year 2012-2013 69 Adopted Budget APPROPRIATIONS 'y 2012 FY 2012 FY 2012 FY 2013 FY 2010 FY2011 ADOPTED CATEGORY I ACTUAL I ACTUAI. ( BUDGET I BUDGETED I PR ACTUAL D I BUDGET Personnel 367,750 349,862 458,255 458,255 447,566 577,041 Materials & Supplies 1,009,443 1,407,003 1,325,600 1,495,600 1,363,607 1,558,650 Town Services Maintenance 84,608 98,382 100,000 145,000 161,878 153,250 Contractual Professional Services 249,214 273,462 323,800 323,800 235,281 365,300 Capital 3,999 28,000 28,000 60,760 53,000 Bonds 774,82.5 553,913 1,353,465 1,353,465 1,495,206 1,596,847 Interfund Transfers Out 183,586 263,725 342,910 342,910 825,451 496,770 TOTAL $ 2,673,426 $ 2,946,346 $ 3,932,030 $ 4,147,030 $ 4,589,749 $ 4,800,858 Interfund Transfers Out $5,000 ' $4,500 ■ Bonds - �, � � - - $4,000 ■Capital $3,500 '. •-ter £�' $3,000 - - - Contractual Professional $2,500 - ---- Services ■ T own Sen ices $2,000 '` r Maintenance $1,500 '� -- -- -- - - - - Nlaterials & Supplies $1,000 x�,--- -- $500 u Personnel -- Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PF:RSONNIT POSITION TITLE FULL TIME POSITIONS (FTF,) Administrative Assistant Construction Inspector Public Works Director Utility Crew Leader Utility Worker Water & Sewer Superintendent 'TOTAL ADDED OR DEPARTMENT REVISED I REVISED I ADOPTED I FY 2010 FY 2011 FY 2012 REFI 0 2 OVED N I AD R REQUEST1 nV F. I ADOPTED 1 I 1 1 1 2 2 2 1 2 1 I 1 5 5 7 1 1 1 1 2 2 1 0 1 8 Fiscal Year 2012-2013 70 Adopted Budget APPROPRIATIONS Interfund "Transfers Out $2,000 ■ Bonds $1,800 $1,600 - -- - ■Capital $1,400 - - W44` j - Contractual professional $1,000 E Services ■ f$800own Services � - Maintenance $600 Materials & Supplies $400- $200 m Personmel $o -" - - - -- - - -- - ---' --- - - - - -- - i Thousands BUDGET 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PI,RSONNII. POSITION TITLE, FULL TIME POS/770,NS (FTE) Utility Crew Leader Utility Worker TOTAL FY 2012 FY 2012 FY 2012 FY 2013 ( FY 2010 I FY 2011 I I AMENDEDDOPTED I P ACTUAL D I BUDGET CATEGORY ACTUAL ACTUAL BUDGET UDGET 1 personnel 108,333 99,200 153,315 153,315 113,209 207,090 Materials & Supplies 11,982 25,219 38,000 38,000 10,510 47,100 Town Services Maintenance 52,908 78,931 80,500 80,500 42,088 89,000 Contractual Professional Services 859,766 987,535 1,247,008 1247,008 870,982 1,252,808 Capital 7,279 537 35,000 Bonds lnterfund Transfers Out 89,030 113,000 164,500 164,500 164,500 214,350 TOTAL $ 1,129,298 $ 1,304,421 $ 1,683,323 $ 1,683,323 $ 1,201,290 $ 1,835,348 Interfund "Transfers Out $2,000 ■ Bonds $1,800 $1,600 - -- - ■Capital $1,400 - - W44` j - Contractual professional $1,000 E Services ■ f$800own Services � - Maintenance $600 Materials & Supplies $400- $200 m Personmel $o -" - - - -- - - -- - ---' --- - - - - -- - i Thousands BUDGET 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PI,RSONNII. POSITION TITLE, FULL TIME POS/770,NS (FTE) Utility Crew Leader Utility Worker TOTAL Fiscal Year 2012-2013 71 Adopted Budget ADDED DEPARTMENT FY 2010 FY 2011 I FY 2012 I REMOVED N IR REQUEST TO I ( FY 2013 REVISED REVISED ADOPTED 012 ADD/REMOVE ADOPTED 1 1 1 1 2 1 1 2 1 3 2 2 3 0 2 5 Fiscal Year 2012-2013 71 Adopted Budget APPROPRIA1IONS CATEGORY Personnel Materials & Supplies Town Services 'Maintenance Contractual ' Professional Services* Capital Bonds Interfund Transfers Out 34,250 46,000 67,300 TOTAL $ 676,048 $ 758,189 $ 840,930 $ * Includes contract pa}ments for trash collection/tipping services. FY 2010 ACI'UAL 85,615 15,312 612 540.258 FY 2011 ACTUAL 82,977 17,655 1,311 607,611 2,636 FY 2012 ADOPTED BUDGET 91,915 24,615 3,100 654,000 FY 2012 AMENDED BUDGET 91,915 24,615 3,100 654,000 FY 2012 PROJECTED ACTUAL 106,883 18,173 2,077 694,538 67,300 67,300 840,930 $ 888,972 $ FY 2013 ADOPTED BUDGET 123,710 31,150 2,900 692,350 80,200 930,310 / Interfund Transfers Out _ $1,000 - - - ■Bonds $900 i' a $800 _'....s.�.a - ■ Capdal $700 $600 z - Contractual ProfessionalSm ices* $500 -: - - -- -=k ---- -`� -- - -- ■Town Services $400 Maintenance $300 - - - - - Materials&Supplies $200--- $100 oPersonnel $0 --- --------- - Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PITSO NNEI. DEPARTMENT UEST To FY 2013 POSITION TITLE I REVISED I REVISED I ADOPTED IFY 2010 FV 2011 FY 2012 R F REMOVED I FY 2012 I ADOPTED FULL. TIME POSITIONS (FTE) Utility Billing Adminstrator * 1 1 Utility Billing,AP Coordinator ** 0.75 0.75 0.75 -0.25 0.50 Utility Billing Clerk 1 Utility Billing Coordinator * 1 1 PART TIME POSITIONS Utility Billing Clerk 1 1 TO'T'AL 1.75 1.75 1.75 0.75 0.00 2.50 * This position was reclasiJied to the.4dininistrator role in 2012 to a Bate a reporting structure within the department ** Position serves both Administration and Utility Billing functions at Town Hall Front Office - was funded 75?6 in Utilities, now 50?b Fiscal Year 2012-2013 72 Adopted Budget APPROPRIATIONS Interfund Transfers Out $250 MR - ■ Bonds ■ Capital $200 r Contractual Professional Senices 07o"n Services /Maintenance $150 Materials & Supplies,` m Personnel $100 = $50 - $0 Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PFRSONN H FY 2010 POSITION TITLE REVISED FULL TIME POSITIONS (FTE) Maintenance Worker TOTAL 0 ADDED OR I DEPARTMENT FY 2011I FY 2012 REMOVED IN REQUEST TO FY 2013 REVISED ADOPTED FY 2012 ADD/REMOVE ADOPTED 1 l 0 1 0 0 1 Fiscal Year 2012-2013 73 Adopted Budget FY 2012 FY 2012 FY 2012 FY 2013 FY 2010 FY 2011 ADOPTED AMENDED PROJECTED ADOPTED CATEGORY ACTUAL ACTUAL BUDGET BUDGET ACTUAL BUDGET Personnel 43,740 43,740 10,429 42,715 Materials & Supplies 66,466 10,550 10,550 16,205 12,550 Town Services Maintenance 4,900 4,900 4,900 ('ontractual Professional Sen ices 36,284 20,999 36,600 116,600 115,941 58,450 Capital 428 34,000 34,000 22,291 10,000 Bonds 106,918 Interfund Transfers Out 11,400 14,400 14,400 14,160 12,780 TOTAL $ 36,712 $ 98,865 $ 144,190 $ 224,190 $ 179,026 $ 248,313 Interfund Transfers Out $250 MR - ■ Bonds ■ Capital $200 r Contractual Professional Senices 07o"n Services /Maintenance $150 Materials & Supplies,` m Personnel $100 = $50 - $0 Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PFRSONN H FY 2010 POSITION TITLE REVISED FULL TIME POSITIONS (FTE) Maintenance Worker TOTAL 0 ADDED OR I DEPARTMENT FY 2011I FY 2012 REMOVED IN REQUEST TO FY 2013 REVISED ADOPTED FY 2012 ADD/REMOVE ADOPTED 1 l 0 1 0 0 1 Fiscal Year 2012-2013 73 Adopted Budget APPROPRIATIONS - Interfund Transfers Out $450 !' ■ Bonds $400 $350- ■ Capital $300 .' . Contractual Professional $250 Services $200 ■ Town Services - $150 Nlatntenance --- - - - - = - _,•3 e . Materials &Supplies $100 $50 uPersonnel $0 ----- ----- - ------ - --- -- - - ._ ----------------- ---- ------ -- -- ------------ -- --* Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PF.RSO NNII FY 2010 POSITION TITLE REVISED FULL TIME POSITIONS (FTE) EDC Executive Director 1 PART TIME POSITIONS EDC Executive Assistant 1 TOTAL 2 FY 2013 REVISED I ADOPTED I FY 2011 FY 2012 REF DED OR I DEPARTMENT I FY REMOVED IN ADD/REMOVE E ADOPTED 1 1 1 1 1 1 1 1 0 2 Fiscal Year 2012-2013 74 Adopted Budget 'y 2012 FY 2012 FY 2012 FY 2013 I FY 2010 I FY2011 I `BUDC I PROJECTED I PTED CATEGORY ACTUAL ACTUAL T BUDGETI ACTUAL BU[ G T Personnel 145,072 38,941 31,475 69,595 52,933 204,475 Materials & Supplies 2,719 3,769 5,500 11,300 8,791 8,500 Town Services Maintenance 23,968 24,933 28,500 38,000 26,243 38,500 Contractual - Professional Services 66,981 59,225 94,750 89,750 69,982 92,100 Capital 57,419 28,500 28,433 104,000 Bonds hiterfund I ransfers Out 540 405 TOTAL $ 296,700 $ 126,869 $ 160,225 $ 237,145 $ 186,382 $ 447,980 - Interfund Transfers Out $450 !' ■ Bonds $400 $350- ■ Capital $300 .' . Contractual Professional $250 Services $200 ■ Town Services - $150 Nlatntenance --- - - - - = - _,•3 e . Materials &Supplies $100 $50 uPersonnel $0 ----- ----- - ------ - --- -- - - ._ ----------------- ---- ------ -- -- ------------ -- --* Thousands FY 2010 ACTUAL FY 2011 ACTUAL FY 2012 ADOPTED FY 2012 AMENDED FY 2012 FY 2013 ADOPTED BUDGET BUDGET PROJECTED BUDGET ACTUAL PF.RSO NNII FY 2010 POSITION TITLE REVISED FULL TIME POSITIONS (FTE) EDC Executive Director 1 PART TIME POSITIONS EDC Executive Assistant 1 TOTAL 2 FY 2013 REVISED I ADOPTED I FY 2011 FY 2012 REF DED OR I DEPARTMENT I FY REMOVED IN ADD/REMOVE E ADOPTED 1 1 1 1 1 1 1 1 0 2 Fiscal Year 2012-2013 74 Adopted Budget p TOWN 0 F R S PER Prosper is a place where everyone matters. APPENDIX 40 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 "Prosper is a place where everyone matters." -4 FISCAL YEAR 2012-2013 ADOPTED BUDGET ARTICLE I-II Financial Procedures SEC TION 7.01 Fiscal Year- The earThe fiscal year of the Town shall begun on the first da,, of October mud end on the last day of Septembei oil the nett succeeding veal Such fiscal Year shall also constitute the budget and accountirig Fear. SECTION 7.02 Submission of Budget and Budget Message On or before the fifteenth (15et) day of August of the fiscal rear. the TotiEnt Manager shall subttut to the Town C ouncil a budget for the ensuing fiscal year and in accompan)-irta budget message SEC TION 7.03 Budget Message The Town Manager's message shall explain the budget both In fiscal teams and iii terms of the Mork programs It shall outline the proposed financial policies of the Toren for the ensuing fiscal year - describe the important features of the budget. indicate ainv major changes front the current year in financial policies_ expenditures- and revenues together with the reasons for such changes_ sumruarize the Town's debt position al;d include such other material as the Town Manager deems desirable SECTION 7.04 Budget a Public Record The budget and all supporting schedules shall be filed with the person perforating the duties of Toren Secretary, when submitted to the Tonin Council and shall be open to public inspection by anyone Interested SEC TION 7.05 Public Hearing on Budget At the Town Council meeting when the budget is submitted. the Town Council shall name the date and place of a public hearing_ which shall be scheduled and published in accordance with the requirements of Chapter 1021. Local Government Code_ as amended At this hearing. interested citizens Inas express their 6pin1011S concermrrtg items of expenditures. giving their reasons for- wishing orwishing to increase or decrease any items of expense SEC TION 7.06 Proceeding on Adoption of Budget After public hearing. the Tou-n Council shall analyze the budget making any additions or deletions which thev feel appropriate. and shall. at least ten ( 10) days prior to the beginning of the next fiscal year. adopt the budget by the affm-iatire rote of a majonty of the fill membership of the Town Council Should the Town Council to -e no final action on or prior to such day, the current budget sliall be nI force on a month-to-month basis until a new L•ndget is adopted SEC TIO\ 7.07 Budget, Appropriation and Amount to be Raised by Taxation On final adoption, the budget shall be in effect for the budget near Final adoption of the budget by the Town Council shall constitute the official appropriations as proposed bu expenditures for the current gear and shall constitute the basis of official lex-%- of the property tax as the amount of tax to be assessed and collected for the corresponding tax year Estimated expenditures will in no case Fiscal Year 2012-2013 77 Adopted Budget exceed proposed revenue plus the undesrgnated fiend balance from the previous fiscal year Unused appropriations may be transferred to anv item required for the same general purpose SEC TION 7.OS ContingentReserye Provision shall be made in the annual budget maintaining a contingency reserve fund balance designation in an unount not less than twenty percent (20'.) of the total :general fund expenditures - to be used in case of unforeseen items of expenditure or revenue shortfalls. This shall apply to current operating expenses and shall not overlap with any other amount of reserves maintained b -,- the To-,vn Such contingency reserve appropriation shall be under the control of the Torn Manager and distributed by lura or her only in the event of an emergency or after supplemental appropriation by the Torn Council The proceeds of the contingency reserves shall be disbursed only by transfer to departmental appropriation. the spending of which shall be charged to the departments or activities for which the appropriations are wade. SECTION 7.09 Amending the Budget Under conditions which mai_ arise and which could not reasonably have been foreseen in the normal process of planning the budget_ the Town Council may._ by the affumative rote of a majority of the full membership of the Town Council. amend or change the budget to provide for any additional expense un which the general welfare of the citizenry is involved These amendments shall be by ordinance. and shall become an attaclunent to the original budget SEC TION' 7.10 C ertification: Copies Made Available A copy of the budget. as finally adopted. shall be filed with the person performing the duties of Town Secretary and such other places required by state lacy or as the Town Council shall designate The final budget shall be printed or otherwise reproduced and sufficient copies shall be made available for the use of all offices. agencies and for the use of interested persons and civic organization; SEC TIO\ 7.11 C apital Program The Town Dlanager shall submit a five-year (5 -year) capital program as an attachment to the arcual budget The program as submitted shall include (1) A clear general summary of its contents. (2) A list of all capital improvements which are proposed to be undertaken during the five ('5) fiscal years succeeding the budget year_ with appropriate supporting information as to the necessity for such improvements_ (3) Cost estimates. method of financing. and recommended time schedules for each improvement_ and (4) The estimated annual cost of operating and maintaining the facilities to be constructed or acquired The above i nfomiatton may be revised and extended each year with regard to capital improvements still pending or in process of construction or acquisition. The C apital program will be updated and presented to the Town Council annually. Fiscal Year 2012-2013 78 Adopted Budget SEC TIO\ 'J-! Defect Shall Not Invalidate the Tax Levy Errors or defects in the form or preparation of the budget or the failure to perforin a_mv procedural requirements shall not nullifi- the tax ley or the tax rare. SEC IIO\ 7.13 Lapse of Appropriations Every appropriation_ except an appropriation for a capital expendit"re. shall lapse at the close of the fiscal near to the extent that it has not been expended or enctunbered Ain appropriation far a capital expenditure shall continue in force until the purpose for which it was made Lad been accomplished or abandoned The purpose of any such appropriation shall be deemed abandoned if three ; 3 t ~-ears pass without an-,- disbursement fiom or encumbrance of the appropriation Any funds not expended. disbursed or encumbered shall be deemed excess funds SECTION %.14 Boi roving The Town shall have the ponder to borrow money on the credit of the Town and also to issue cr incur bonds and other evidences of indebtedness, and such powers may be exercised to finance public improvements or for any other public purpose not prohibited by the Constitur-lon and the lazes of the Stare of Texas. and the Town may issue refunding bonds to refund outstanding bonds and other e,.-idences of indebtedness of the Town previously issued or incurred All such bonds and other evidences of indebtedness shall be issued in conformer' =nth the lairs of the State of Texas and may be secured by or pard. in whole or mpast. from ad valcrern tax revenues- revenues derived from other taxing pourers of the Town revenues derived by the Town from any fee or seinice charge. including revenues derived from the operations of any public utilities. utility systeins. recreational facilities or any other municipal function to the extent not prohibited by the Constitution and lairs of the State of Texas. Such bonds or evidences of indebtedness may be a charge upon and payable from the properties_ or interest thereul pledged. or the income therefrom. or both to the extent not prohibited by the Constitution or laws of the State of Texas. The proceeds of bonds or other evidences of indebtedness issued or incurred by the Torn shall be used only for the purpose for which the bonds or other Indebtedness ) as issued of incurred SECTIO\ 7.13 Purchasing (1) The Town Council rnav by ordinance_ give the Town Manager general authorin to contract for expenditure without further approval of the To -x4 -n Council for all bud6eted items not exceedme limits set by the Town Council within the ordinance. (_) All contracts for expenditures or purchases involving more than the limits must be expressly approved in advance by the Town Council All contracts or purchases involving more than the limits set by the Town Council shall be awarded by the Town Council in accordance with state lata. (ti) Emergency contracts as authorized by lame and this Charter may be negotiated by the Tonin Council or Town Manager if given authority by the Town Council. without competitive bidding. and in accordance with state lana Such emergency may be declared by the Town 'Manager and approved by the Town Council or declared by the Town C ouincil Fiscal Year 2012-2013 79 Adopted Budget SEC TION 7.16 Administration of Buduet t 1'� 'No payment shall be made or oblic!atioil incurred against any allotment or appropriation except in accordance with appropriations duhmade, unless . the Town N-laniger. or the Town Managers designee- first certifies that there is a sufficient unencumbered balance in such allotment or appropriation and that sufficient funds therefrom are or will be available to cover the claim or rneet the obligation when it becomes due and payable Any authorization of PaVillent or incurring of obligation in violation of the provisions of this Charter shall be void and any payment so m de illegal.Suchaction shall be cause for removal of way officer who knowingly - y authorized or made such Payment or incurred such payment or obligation and the offices shall also be liable to the Town for any amount so paid. ti This prohibition shall not be construed to prevent the i-naking or authorizing of paNments or x-.lakinp- of contracts for capital improvements to be financed wholly or partly by the pledge of taxes- the issuance of bonds. time warrants- certificate's of indebtedness. or certificates of obligation. or to prevent the making of any contiact or lease providing for payments beyond the end of the fiscal year. providing that such action is made or approved by ordinance (-ti The Town Manager shall submit to the ToNvii Council each mond, I report covering the revenues and expenditures of the Town in such form as requested by the Town Council SEC TION" ".I' Depositoiv All monies received by any person. department or agencN. of the Town for or m connection with the affairs of the Town shall be deposited proniptiv in the Town depositon• of depositories- The Town depositories shall be designated by the Town Council in accordance with such regulations and subject to the requirements as to security for deposits and interest thereon as may be established by ordinance aild law Procedures for withdrawal of money or the disbursement of funds from the Town depositories shall be prescribed by ordinance. SECTION 7.1S Independent Audit At the close of each fiscal year and it such other times as may be deemed necessarv, the Town C'ouilcil shall call for an independent audit to be made of all accounts of the Town by a certified public accountant No raore than five (5) consecutive annual audits shall be completed by the same firm The certified public accountwit selected shall have no personal interest. directly or indirectly. iiithe financial affairs of the Town or any of its officers- The report of audit. with the auditor's tecornmend-ations will be made to the Town Council Upon completion of the audit. the Independent Auditor's Report and Annual Financial Report shall be published oil the Town's website and copies of the audit placed on file M the office of the person perforruing the duties of Town Secretary as a public record SECTION" 7.19 Power to Tax (I The Town shall have the power to levy. assess and collect taxes of every character and type for any municipal purpose not prohibited by the Constitution and laws of the State of Texas as 'low written or hereafter amended - (2) The Town shall have the power to grant tax exemptions in accordance with, the laws of the State of Texas Fiscal Year 2012-2013 80 Adopted Budget SECTION 7.20 Office of Tax C ollector There shall be an office of taxation to collect taxes. the head of which shall be the Town Tax Collector The Town C otmcil rtav contract far such services SEC TIO\ 7.21 Taxes; 'When Due and Payable (1) All taxes due in the Town shall be payable at the office of the Town Tax C ollector - or at such location or locations as may be desipiated by the Town Council. and may be paid at any time after the tax rolls for the year have been completed and approved Taxes for each year shall be paid before February 1 of the next succeeding year and all such taxes not paid prior to that date shall be deemed delinquent. and shall be subject to penalty and interest as the Town Council shall provide by ordinance The Town Council may provide discounts for the patimment of taxes prior to January 1 in amount not to exceed those authorized bN- the lays of the State of Texas t�) Failure to levy arnd assess taxes tiuough onassion un preparing the appraisal rolls shall not relieve the person, firm or corporation so omitted froin Obligation to pay such current of past due taxes as shown to be payable by recheck of the rolls and receipts for the rears in question. omitting penalt}' and inte7est SECTION -.22 Tax Liens. Liabilities and Suits (1 ) All taxable property located in the Town on Januar 1 of each year shall stand charged from that date with a special lieu ui favor of the Town for the taxes due. All persons purchasing any such property on or after January 1 in any year shall take the property subject to the hens provided above Iii addition to the liens herein provided. on Januarti• 1 of any year. the owner of property subject to taxation by the Town shall be personally liable for the taxes due for that rear (?) The Town shall have the power to sue for and recover personal judgment for taxes without foreclosure, or to foreclose its hen or liens. or to recover both personal Judgment and foreclosure In any such suit where it appears that the description of any property in the Town appraisal rolls is insufficient to identify such propem-. the Town shall have the right to plead a good description of the property to be assessed. to prove the same, and to have its judgment foreclosirns the tax lieu or for personal judgment against the owners for such taxes Fiscal Year 2012-2013 81 Adopted Budget Current Debt Service Payment Schedule F: r Pa• rnen: in Fiscal Year 2013 -r Interest & Sinking Tax Supported Water/Wastewater Supported Storm Drainage Supported � IES Tota! I&S Principal I&S Interest W/'w Tatol W/W Principal WIW Interest SD T,,tnl SD Principal So Interest 2004 CO 21-5,`2G-3 64,524 - 64,524 105,276 - 105,276 - - - 8J15/2CS 264,924 201,4CC 64,524 433,875 323,606 105,276 - - - Z004COTotal 330,448 201,400 129,048 539,151 328,600 210,552 - - - 2006CO 2/_5,'20:3 SOO,S71 - X0,871 109,277 100,277 - - - 8,r15/20'3 352,871 252,000 iC0,871 382,277 273,COO 109,277 - - - 2006COTotal 453,743 252,000 101,743 491,.555 273,000 218,555 - - - 2008 CO 21/15/2CB 760,596 436,5CC 324,096 84,511 4S,5C11 36,.1. - - - 8;'15Y2C13 314,820 - 314,820 34,980 - 34.980 - - - 2008COTotal 1,075,416 436,500 638,916 119,491 48,500 70,991 - - - 2010 Tax Note 2J3;20.3 353,373 344CCC 33,373 - - 81115/20- 11,248 - 11,243 - - - 2010 Tax Note Total 364,620 340,000 24,620 - - - - - - 2011 GO & Refunding 24.-5/20.3 174,257 :65,750 8,507 272,556 259,256 3,1,6 - - - 8i1512013, 6,849 - 6,849 10,713 SC,713 - - - 2011 GO & Refunding Total 181,106 165,750 15,356 283,269 259,250 24,019 - - - 2012 CO ,i5/2G13 - - - 109,692 42•CiOC 67,692 73,128 2S, CCL 45,128 8•'i512L:3 - - 50,685 - 50,685 33,790 - 33,790 2012 CO Total - - - 160,377 42,(00 118,377 I06,918 28,000 73,918 2012 GO 2f15;'20_3 74,942 - 74,542 - - - - - 8/25/20:3 56,206 - 56,206 - - - - - _ 2012 GO Total 131,148 - 131,148 - - - - - - Grand Total 2,536,481 1,395,650 1,140,831 1,593,843 951,350 642,493 106,918 28,000 78,9181 L I&S Tvta/ I&S P6.6pa1 I&S Interest W/WTOtu! W(W Principal -e,in-erest SDTotnl SD Principal SD Interest l Current and Future Scheduled Debt Service Payments $5 Gee 54,5CC 121 122 107 97 97 1 j 121 54.000 i 121 122 12q 121 - t ; , 53 500 L5 305 y510 $3,000 t 1'616 { t 1,sjl LsJ4 1,5/0 1,57s 1,5 3 1,515 o $z sco $2000- I 461 2.Sa6 :,,5..91 iNB.b2 $1,006 t3- S y1r1 143.143 2113 - 2 { ! i.1 7 }500 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Storm Drainage Water/ Wastewater Interest & Sinking J Fiscal Year 2012-2013 82 Adopted Budget 2012 Property Tax Rates in Town of Prosper 7'lus notice concerns the 2012 pn3pert,- tax rates for Town of Prosper It presents mfonuatton about three tax rates Last year's tax rate rs the actual tax rate the taxing tout used to determine property taxes last year This vear's eqc: the tax rate would impose the same total taxes as last year rf you compare properties taxed in both rears This vear's ro2lhac k tax rate is the highest tax rate the taxing taut can set before taxpavers stat rollback procedures In each case these gates are found by dnvrdmo the total mount of tare, by the tax base t the total value of taxable - pi opel tv" axableproperty) -,a itl: ad,t:stmen's as requ:rel: b-, sts`.e :a.•. The rates are given per $100 of property value Last year's tai rate: Last }'ear's operating taxes $3,662.637 Last year's debt taxes; $.? 346 668 Last year's total taxes S6009,305 Last year's tax base $1 155.635.5'7 Last velar's total tax rate $0 52oO00 3100 This vear's effective tax rate: Last year's adjusted taxes $5,992 131 tafter sabtractuig taxes on to=.t property) - Thus year's adl:a,te3 tax base $ I i 56D64 450 (after subtmetm; value of trees, pr�rperty! =Tlus year's effecUi.e tax rate $n 1183?11100 (Maxm_uni rate urdess umt publishes notices and holds hearings ) This year's rollback tax rate: $265=.175 Last year's adjusted operating taxez (after subtracting taxes on lost property and adjustmg, for any transferred function tax increment financing state criminal lusttce mandate. and. or enhanced mdraeut heaNware expenditures) - Tlus year', adjasted tax base $1 156 064,950 =Thus year's effeehse aper: t= rate $0 21591.1 $100 s 1-08=thus years m-'xurnmu operatms rate $C, 341 137 $100 - This year's debt rate $0 203086$100 = This vear's total rollback rat: $0 544272$100 -Sales tax adjustment rate $0 033197 $100 =Rollback tax rate $C `11076'$100 Statement of Increase/Decrease If Town of Prosper adopts a 2012 tax rate equal to the effective tax rate of $0 51 S-32 i per $100 of value taxes would ncrease compared to 2011 taxe, b,: $473,_ 70 Schedule A - Unencumbered Fund Balance The following estimated balances well he left in the unit s property tax accounts at the end of the fiscal year These balances are not encu nibered by a corresponding debt obligation Type of Properq Tax Fund Balance Mauiteuwce & Operations 5.700 OOC hue -rest & Snilang 85C; OOO Fiscal Year 2012-2013 83 Adopted Budget Schedule B - 2012 Debt Sei-Nice The unit plaits to pay the follow -mg amounts for long-term debts that are secured by property taxes These amounts will be paid from property tax revenues (or additional sales tax revenues if appbcable) Principal or Contract Interest to be Other Amounts Description of Debt Pavment to be Paid Paid from to be Paid Total Payment from Property Taws Property Taxes 2004 CO 530,000 339,600 50e f10 i00 ,(,01-; CO 52i 0D,, -20,297 94; ?o? 100E CIO 48i n00 +0),905 i001 1.19'.406 :GIOTaxNctes 340,000 -4,5'0 ?00 ?6' 120 _011 GO& Rchincime 4_15.W0 ;c 3 7 i 500 464_S7,- 7^?011 201 1CIO 0 131 14E 500 131 64S 7012 C'C) 700,00 197,295 500 167 70+ Total required for ?012 debt service 54.240.741 Amount (if anvil paid from Schedule A 50 Amount (if any) paid from other resources S. 700.761 Excess collections last year $u = Total to be paid from taxes in 2012 $2 �39900 AinouEt added in anticipation that tate mut will so collect only 100 Mo of its taxes in 2012 = Total debt levy $2 S 39 980 Schedule C - Expected Revenue from Additional Sales Tax In calculating its effective and rollback tax rates the unit estimated that it will receive $1 ,660 746 in additional sales and use tax revenues This notice contains a suninian of actual effective and rollback tax rates' calculat.oi s You can inspect a copy of the full calculations at 23,00 Bloomdale Rd Ste 2366, hlcKirinev TX 75071 Laine of person preparing this notice Kenneth L Maim Title Tax Assessor Collector Date Prepared 07;3012012 Fiscal Year 2012-2013 84 Adopted Budget TOWN OF PROSPER, TEXAS ORDINANCE NO. 12-28 AN ORDINANCE OF THE TOWN C'OU'NCIL OF THE TOWN OF PROSPER, TEXAS, ADOPTING THE FISCAL YEAR 2012-2013 ANNUAL BUDGET FOR THE FISCAL, YEAR BEGINNING OCTOBER 1, 2012 AND ENDIM; SEPTEMBER 30, 2013, AND APPROVING. CERTAIN ANIF:NUNIENTS TO THE FISCAL YEAR 2011-2012 ANNUAL BUDGET FOR THE 'TOWN OF PROSPER, TEXAS. WHEREAS, the Aiuival Budget for the Fown of Prosper. Ievas was prepared h} the Toy%n Mana;:er and presented to the Town Council on Attgust 143 2012 in accordance vith the { o,,Fn C'hancr of the I'own of Prosper, Teras: and VVlIF:REAS, the Proper Fconontic Development Corporation Board of Directors approved the budget for the Prosper Fconomic neve{optnent Corporation un August 15. 2012, and subsequently, public hearings on the proposed Prosper Economic Development Corporation hudget were held by the Town Council of the I'm vn of Prosper, Texas, on Scptemhcr 4 and 11, 2012; and WHEREAS, the proposed annual budget document was posted on the To-wn's Internet vvc:b site and also made available for public rc',icw: and WHEREAS, a notice of public hearings concerning the proposed Annual fov'n Budget vas published as required by State law and said public hearings thereon were held by the `loon Council on September d and It. 2012; and WHEREAS, follov ing the public hearing, on September 4 and 11, 2011 and upon careful review of, the proposed Fiscal Year 2012-2013 Budget_ and the review of the amendments to the current Fiscal Year 2011-2012 Budget, it is deemed to be in the hest financial interest of the citizens of the To, -Nn of Prosper, Texas, that the Town Council approve said budget and any amendments to the current fiscal year budret and as presented by the Town Manager - NOW, THEREFORE, BE IT ORDAINED BV THE TO'R'N COUNCIL. OF THE TOWN OF PROSPER, "TEXAS: Section 1: -11 1M. the al-oNe findings arc hereby {uund to be true and correct and are incorporated herein in their entirety. 1 Fiscal Year 2012-2013 85 Adopted Budget Section 2: 1 HAI. the official budget for the Fovvn of Prosper. Texas, for the lival year beginning October 1, 2012 and ending September 30, 2013, is hereby adoplcd b} the Town Council of the Town of Prosper, Texas, and the Town Secretary is directed to keep and maintain a cop,. of such official budget on file in the office of the Town Secretar} and_ upon request, make carne available to the citizens and the general public. Section 3: THAT, the Town Council of the Tovvn of Prosper. Texas. hereby appro%es certain amendments to the current Fiscal Year 2011-2012 Budget_ as stated herein. Section a: THAT_ the sums specified below are hereby appropriated from the respective funds for the payment of expenditures on behalf of the To"n gw ernnient as established in the approved budget document: FY 2011-2012 FY 2012-2013 FUND AMENDED BUDGET BUDGET Genual Fund 58.287.253 $9,162.627 Interest & Sinking, fund S2.3.56.808 x2,556:482 Water & Sewer Fund S6,671,283 $7,576.516 Internal Scry ire Fund $50,000 550,000 Storm Drainage litilit) Fund $22..190 S249.113 Parl,s and Recreation Fund $1,620,000 $1,2>o,E1C10 hnpJCt I CCS I and $5,553,0011 5712:225 Special Revenuc-Donation fund 5369.200 $59200 Capital Prniects Fund'' $7,693.085 1+12,7110,97 ? Econontic. Development Corporation $237,145 $-117,9811 TON1 533,061,964 S34, 7 64,51$ " t nspent funds September 30. 2011 %111 be uutomalicalk re -appropriated to the respective project for FY 2012-71113. Section S: T11A1 _ Capital Projects Funds are presentc.xl in the budget document on a multi-year, proIect basis. xliereby all unexpended capital project funds arc automatically rc-appropriated into the subsequent fiscal year. Accordingly, no am)ual appropriation for Capital Projects Funds, other than those specifically listed in Section 4 above:, is provided. Fiscal Year 2012-2013 86 Adopted Budget Section 6: RHA I , should any part, portion. section. or part of a section of this Ordinance he declared invalid, or inoperative, or void for any reason by a court of competent jurisdiction, such decision. opinion. nr judgment slialt in no way affect the remaining ptovicions, parts, sections. or parts of sections of this Ordinance, which provision. shall he. remain, and continue to he in full fiorce and effect. Section 7: 1 HAT, all ordinances and appropriations for which pro\ inions lia\e heretofore hcen imide are hereby c\pressly repealed if in conflict "ith the: Provisions of this Ordinance. Section 8: THAW, in accordance v ith State I aw and the f ovm's, ('ode of Ordinances. proper notice of public hearings has been proNided for said Ordinance lo he considered and passed. and this Ordinance shall take effect and be in full force and effect from and after its final passage. Section 9: THAI, specific authority is hereby given to the Town Manager to transfer appropriations budgeted from one account classification or activity to another within any indi%idual department or activity. AND Ch IS SO ORDAINVII). Passed and approved by a Vote of �. to y on this the 25"` clay of Septeniher, 2012. TOW! OF PROSPF,R, TEXAS rJ Ray Smi h. Mayor AVUEST: - y Amy I'tukana, 'I Xi(', 'l own Secretary i Fiscal Year 2012-2013 87 Adopted Budget PlOWN OF SPER ORDTNANCF \0- 12-29 AN ORDINANCE OF THE TOWN OF PROSPER, TEXAS ADOPTING THE TOWN OF PROSIER 2012 PROPERTY TAX RATE, LEVYING TAXES FOR FISCAL YEAR BEGINNING OCTOBER 1, 2012 ANTI) ENDING SEI'TEhIBER 30, 2013 AT THE RATE OF 30.52 PER ONE III:NT)RF.D DOLLARS (5100.00) ASSESSED FALL' ON ALL TAXABLE PROPERTN' WITHIN THE CORPORATE LIMITS OF THE TOWN OF PROSPER, TEXAS IN ACCORDANCE WITH EXISTING STATUTORY RF.QUIRENIENTS AND PROVIDING FOR THE PUBLICATION OF THE CAPTION HEREOF ON THE TOWN'S HOME PAGE OF ITS N4 EBSITE. WHEREAS, the Town Council of the 'I oven of Prosper, Texas (hereinafter referred to as the "Iomn_-) hereby finds that the tax for the fiscal year beginning, Oetobcr 1, 2012, and ending Septenrbet 30, 2013, hereinafter levied for current expenditures of the Town and the general improvements of the T own and its property must he levied to provide revenue requirements for the budget for the ensuing year; and kk IIERFAS, the l oven Council has approved, by separate ordinance to be adopted on the 25"' day Of Septernher_ ?01 2, the budget for the fiscal year beginning October 1, 2012 and ending September 30, 20: 3; and Nk'III:RLAS, all statutory and constitutional requirements concerning the levying and assessing of ad valorern taxes have been complied with. NOW TIIFRFFORF, BF IT ORDAINED BY TIIF TO %VN COUNCIL OF THE TOWN Cil - PROSPER, TEXAS, C0I.I-IN COUNTY, TEXAS: SECTION I: findings Incorrxxated. The findings set forth above are incorporated into the bodv of this Ordinance as if fulty set forth herein. SL(_ I ION 2: adoption wf I'ax Katc. \ke the 1 own Council of the toun of Prosper do percbty levy or adopt the tax rate of S0.520000 per S100 v aluation for the Town for tax year 2012 as follow;: S0.316914 for the purpose of maintenance and operation and $0.203086 for payment of principal and interest on debt service SEC I_ ION 3: Truth In Laxation Re_yuired Language. The rate adopted is higher than both the effective and rollback rates as calculated according, to Truth In Taxation, and the total levy for maintenance and operations exceeds last %car's levy for the same. As a result, the 1611mOng statement wu-.t be included in the ordinance in a ttpc larger than that used in any portion of the ordinance. THIS TAX RATE WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE, Page 1 of 2 Fiscal Year 2012-2013 88 Adopted Budget T11E TAX RATE WILL EFFECTIVELY1311', RAISED BY 12.10 PERCENT AND WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME, BY APPROXINIATELY $ -0.03. SLC'I ]ON 4: 1 rush _In Taaati(m. Rcquired µ`ch Posting- The rate adopted is higher than both tile effectii e and rollback rates as calculated according to Truth In Taxation, and the total les) for maintenanceand operations exceeds last year's lei - for the same, As a result, the follov6ing statement mw»t be pm.Psted to the home page of the t'own's web site. THF TOM'N OF PROSPER ADOPTED A TAX RATE. THAT WILL RAISE MORE TAXES FOR MAINTENANCE AND OPERATIONS THAN LAST YEAR'S TAX RATE:. THE 'I AX RATE WILL EFFE;C'TIVELY BE RAISED BY 12.10 PERCENT" ANI) WILL RAISE TAXES FOR MAINTENANCE AND OPERATIONS ON A $100,000 HOME BY APPROXIMATELY S -0.03. SI -,CI ION S: Place of Pavinent/Colk�c:tion. 'I lie 'lax Assessor -Collector for Collin County is hereby authorized to assess and collect the taxes of the Town of Prosper in accordance .lith this .ordinance. Fbe I wom shall have all rights and remedies prodded by the law for the enfor.:ernent of the crdlcetion Oftaxea Ie%ied under illi,, ordinance SECTION 6: Savings Repealing Clause All provisions of ani ordinance in conflict «ith this Ordinance are hereby repealed-, but such repeal shall not abate an) 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. Am remaining portions of conflicting ordinances shall amain in full Iiucc and eftect. SI, .0 I ION 7: 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 fora and c cct Prosper 1wreh,. declares that it would have passed this Ordinance, and each section, subsection, sentence. clause, or phrax thereof irrespee ise of the fact that any one or more sections. suhsections- sentences. ctatisc�. or phrase, be declared unconstitutional or invalid SEC [ION is. laftectivc [)ate. This Ordinance shall become effective from and after its adoption and publication as required b) lav:. MIA' PASSED AND APPROVED BY THF TOWN COI. N(-Jl- OF THF TONVN OF PKOSPFR, -I FA AS ON MIS 2.5" DAY OF SEPT EMBER. 2012 Al A MF,FTINO V1'111('11 WAS HELD IN SI RIC'T ACCORDANCE W11E1 THE TEXAS OPkN h4F.Fl 1NO MA e �• - It , � RA ti SMI1�{. Mayor ATI EST -10-1 AMY PI(.'KANjC. TRMC Fow n Secretar-N Page 2 of 2 A Fiscal Year 2012-2013 89 Adopted Budget AA: i 1�� TOWN OFPR SPER ORDINANCE NO. 12-27 AN ORDINANCE OF THE TOWN OF THE PROSPER, TEXAS; AMENDING ORDINANCE NOS. 02-33,03-48,05- 72, 2-33,03.48,05- 72, 09.51, 10-77 AND 11-61, COMPREHENSIVE FEE SCHEDULE, SECTION 11 (WATER AND WASTEWATER RATES), EXHIBIT "B"; PROVIDING FOR A PENALTY FOR THE VIOLATION OF THIS ORDINANCE; PROVIDING FOR SAVINGS, REPEALING AND SEVERABILITY CLAUSES; PROVIDING FOR AN EFFECTIVE DATE; AND PROVIDING FOR THE PUBLICATION OF THE CAPTION HEREOF, WHEREAS, the Town Council of the Town of Prosper, Texas ("Town Courcin 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, 09-51, 10-077 and 11-61, Comprehensive Fee Schedule, Section 11 (Water and Wastewater Rates), Exhibit "8", 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: Flndirit s The findings set forth above are incorporated into the body of this Ordinance as if fully set forth herein. SECTION 2. Arrendment to Ordinance Nos. 02-33. 03-48.05-72. 09-51. 10-77 and 11-61 Comorehensive Fee Schedule, Section 11 tWat®r and Wastewater Rates). Exhibit "t3" Ordinance Nos, 02-33, 03.48, 05.72, 09-5 1, 10-77 and 11-61 Comprehensive Fee Schedule, Section 11 (A''ater and Wastewater Rates), Exhibit "B" is hereby amended and replaced with tate Exhibit "8" attached hereto and incorporated herein for all purposes which modifies the water and wastewater rates as set forth therein SECTION 3. Penaltv Provision. Any person, firm, corporation or business enEty violating this Ordinance or Ordinarce Nos 02-33, 03.4B, 05-72, 09-51, 10-77 and 11-61 shall be deemed guilty of a misdemeanor, and upon ccnv€ction 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 al' legal rights and remedies availab?e to ft pursuant to local, state and federal law. SECTION 4: SavinoslReoealina Cause Ordinance Nos 02-33, 03 48, 05 72, 09-51, 1077 and 11-61 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 Fee Selmdulc Ordin»ncc (Amend Nos. 02-33, 03-48, 05-72, 09.51, 10-77 and 11.61) 1 u?hvn• i Fiscal Year 2012-2013 90 Adopted Budget not abate any pending pmsecutcn for vwlabon of the repealed ordinance, nor shall the repeal prevent a prosecution from being commenced for any violation if occurring prior to the repeat of the ordinance Any remaining portions of sad ordinances shall remain in full force and ef°ect. SECTION 5: Severabigy Should any section, subsection, sentence, clause or phrase of this Ordinance to declared unconstitutional o^ invalid by a court of competent jurisdiction, it is expressly provided that any and all remaining portions of this Ordinance shall rema?n in full force and effect. Prosper hereby declares that it would have passed this Ordinance, and each section, subseclion, clause or phrase thereof irrespective of the fact that any one or more sections, subsections, sentences, clauses and phases 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 25^ DAY OF SEPTEMBER, 2012. R.AY SMITl Mayor ATTESTED TO. AMY PiUKANA, M 2n Secretary DATE OF PUBL1CAT10N. /0-3/-2- _/ 2- _ _ in the Prosper Press Fee Schedule t)rdinanee (Amend Nos. 02-33, 03.48, 05-72, 09-51, 10-77 and 11-61) 4(259(•- e a Fiscal Year 2012-2013 91 Adopted Budget i Exhibit "113' Town of prosper Wfater and Wastewater Rates Effective First Full Billing Cycle Following October 1. 2012 9 _ :• J•' Mh' •-.}'♦�' .z r"rt': Mi aA i e2�p `�er�S' _.*' .X. 6..- -. _02, a.n .P` aS' � ,_ `,k.♦. `�ry.•e'-'�� Residential Water SeraiceVRates Residential WastewateryService Rates Meter Size Minimum Service Charge All Residential Accounts Minimum Service Charge I 1 314' cr SmaCer $ 1112 $ 2263 11_ $ 16.54 � I 11 w $ 3707 Volumetric Charge Rate per 1,000 Gallons IT $ 53 32 All $ 352 I 13- $111 15 I $16536 Volumehic Charges Rate W L0CI0 Gallons Arntei Averaging - t0,000 GGaflors $ 374 1CI.0"1 - 40.000 Gators $ 5.60 R`astfy�atet uolurrz7x cfarg or residertlel a runs are 143 001 - &^,000 Gators $ S 41 bled Cased c n the Ykiter Average Cor:st:mC t: n du ing the mcmths of December, January and Fet:rua y 180.001 -Plus $ 12.61 Additional Residential Service Charges I Service initiation $ E5 00 Transfer Fees $ 20 00 I Meter Accuracy Re -Reads $ 15-'10 Late Fees 10% of Billed Amount Senior citizen account holders who qual.fy are en:tled to receive the first two thousand ;2,000, gallons included as part of the m:nin-lram water bK1 for indoor residential accounts. To be ehg[bie the customer must be the listed account holder age sixty-five ,1651 or older complete an appGcauon for tie discount provide proof of age on a valid United States or State ID and rot be receiving the senior c,ti_en discount or. any other Town of Prosper account This discount does not appy to wastewater charges '-ate payment penalties sha[I be warned for any account holder, on tha-, customers residents unity bill, upon request and presentation of adequate proof :hat the customer is either • at [east age sixty-five (651 and the recipient of social security or other bona fide retrement benefts OR • is totally disables I MLItifamily Dwellings, To•wnhornes and other Mu€'titenart Accoi.nts served by one master me-er will be billed a minimum water charge per unit equal to the 314' Residential base rate and the minimum service charge for wastewater The Residential volumetric charges wl' apply as normal:y scheduled or, al master meter consumption for both water and wastewater services, except that winter ave -aging will not be applied to MUtifamily Dwellings served by one master meter ICu' of Town rates are the same as In Town rates fo• wate- and wastewater �I Fahibit B to Fee Schedule Ordonance (Amend Nos 02-33, 03-43. 06-'2, 09-41, 10-" and 11-611 Fiscal Year 2012-2013 92 Adopted Budget E_Mbit B to Fee Schedule Ordinance f-Aanend No;. 03-48, 09-51, 10-- and 11-611 =C'6; 5-: Fiscal Year 2012-2013 93 Adopted Budget Exhibit '113' Town of Prosper Water and Wastewater Rates Effective First Full Biffing Dicle Following October 1, 2012 Commercial Water Service Rates._Commercial Wastewater Service Rates Meter Size fAi7iimum Service Charge All Conimetcial Accounts FAinhuni Serke Charge 114' cr S maEer $ 253 I $ 25.94 $ 14 22 $ 2944 Volumetric Charge I Rate oer 1,000 Gallons 12- $ 45.50 All $ 425 13' $ 85 31 14- $!42 18 Er $284 40 Volumetric cliwqes Rate per I.ON Gallons ' - IS 3,000 Canons $ -1.03 10 001 - 4',000 Galore $ 504 40 (r.1 - 63,000 Mlors $ 6 2—C 80-D31 - Plus $ 7.87 AddWional Commercial Service Charges Service Initiation $ 7500 Trwisfer Fees $ 2.100 Meter Accuracy Re-Reads $ 15 or) Late Fees 10% of 8 Illed Amount Out of Town rates a,e the same as Ir Towr rates for water and wastewater E_Mbit B to Fee Schedule Ordinance f-Aanend No;. 03-48, 09-51, 10-- and 11-611 =C'6; 5-: Fiscal Year 2012-2013 93 Adopted Budget Exhibit 'B' Town of Prosper Water and Wastewater Rates ErfectNe First Full Billing Cycle Following October 1. 2012 Emkibit B to Fee Schedule Ordinance ("mead'_Co:. 02-32. C-3-48. 09-41. 10--' and 11-611 -i-, 26C 5-: Fiscal Year 2012-2013 94 Adopted Budget Irrigation Water Service Rates I Irrigation Wastewater Service Rates Meter size filinimunt Service Charge If 114" or S rrial!e7 4 03 $ C 71 I Irrigation Accounts are not titled for wastewater service's 111., $ 13 43 I rrigatic- A.coun-z ae 3tricty fy anti water s.-v.ce 27 $ 2146 I cle.i_ca*l x-ty tfur, c- water :orvcz to awn. spkeror 13- $ 4 31 I it _Ovation :ynt—rt, and do nc!:!recty rec.-Ne wastewater cw.es 4.- $ 15719 $131! 35 Volumetric Charges Rate per 1.000 Gallons —1;,,0001 3!jjons 5,64 10 031 — 4' ,000 Gallons $ 0.42 140 D.^ 1 — 83,000 Capons $ 745 80 031 —Plus me $ 8.57 Additional Irrigation Service Charges Service initiation 75.00 Timster Fees $ 2..00 1 Meter Accuracy Re -Reads I $ 1500 Late Fees I I DIS of Billed Amount Out o' Tovr. rates are the same as In Tcwr rates for wate- Emkibit B to Fee Schedule Ordinance ("mead'_Co:. 02-32. C-3-48. 09-41. 10--' and 11-611 -i-, 26C 5-: Fiscal Year 2012-2013 94 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 dates) 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 2012-2013 95 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 % 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 2012-2013 96 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 2012-2013 97 Adopted Budget GASB 34 — The 34th Concepts Statement issued by GASB. This statement changes the way that local governments prepare and present their annual financial statements. Under the new model, the financial report is presented on an entity wide basis rather than fund by fund. Furthermore, the Town's infrastructure (roadways, traffic signals, drainage channels) will be listed as assets of the Town and reported at their depreciable value. GIS - Geographic Information System, Services currently provided under contract with Frisco GIS General Fund - The fund used to account for all financial resources except those required to be accounted for in another fund. General Obligation Bonds - Bonds that finance a variety of public projects, which pledge the full faith, and credit of the Town. Goals - Broad, general statements of each division's desired social or organizational outcomes. Governmental Funds — Applies to all funds except for the profit and loss funds (e.g., enterprise fund and internal service fund.) Grant - A contribution by a government or other organization to support a particular function. Grants may be classified as either categorical or block depending upon the amount of discretion allowed the grantee. -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. ME 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 2012-2013 98 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 th e 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 2012-2013 99 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 2012-2013 tax rate for the Town of Prosper is $0.52 per $100.00 valuation, with debt service comprising $0.203086 leaving the remaining $0.316914 of the total distributed to the General Fund. Fiscal Year 2012-2013 100 Adopted Budget Tax Increment Financing (TIF) - Tax Increment Financing; a tool to use future gains in property and sales taxes to finance eligible public infrastructure such as streets, drainage, parking garages, parks, trails, and other improvements as allowed by law, within a reinvestment zone. Tax Increment Reinvestment Zone (TIRZ) - Zone geospatially designated as subject to Tax Increment Financing. TMRS - Texas Municipal Retirement System Transfers In/Out - Amounts transferred from one fund to another to assist in financing the services or programs for the recipient fund. Town Charter - The document of a home rule Town similar to a constitution, which establishes the Town's government structure and provides for the distribution of powers and duties among the various branches of government. Town Council - The Mayor and six (6) Council Members collectively acting as the legislative and policymaking body of the Town. -U- -V- -W— W & S — Water & Sewer Working Capital — Current assets minus current liabilities. -X- -y- -Z- Fiscal Year 2012-2013 101 Adopted Budget �i ijSPER OWN OF This page was intentionally left blank. Fiscal Year 2012-2013 102 Adopted Budget IWN OF Pr&O S PER Prosper is a place where everyone matters. HANK YOU TO T1 BUDGET EAM The Town Budget truly takes teamwork and I trust more hands went into this effort than are recognized here. Below Id like to thank those specifically assigned to the budget. 0 Zelia Alvarez, Municipal Court Bryan Ausenhaugh, Fire Marshal Asst. Chief Blasingame, Fire Chris Copple, Planning Trish Eller, Code Compliance Lori Heikkinen, Finance Frankfaromin, Public Works Chief McFarlin, Police Asst. Chief Mc Hone, Police Linda Shaw, Library Wayne Snell, Inspections Sidney Snyder, Dispatch Angela Tucker, Public Works Chief Tucker, Fire Kelly Vanaman, Utility Billing Hulon Webb, Engineering Wattheiv CB. gat'rett, Finance I t- . I FISCAL YEAR 20112-2013 ADOPTED BUDGET