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Agenda Packet 08/14/2023Town of Trophy Club Meeting Agenda Packet Town Council 1 Trophy Wood Drive Trophy Club, Texas 76262 August 14, 2023 6:00 PM Council Chambers CALL TO ORDER AND ANNOUNCE A QUORUM Mayor Jeannette Tiffany INVOCATION led by Pastor Joel Quile, Bara Church PLEDGES led by Council Member Pledge of Allegiance to the American Flag. Pledge of Allegiance to the Texas Flag. PUBLIC COMMENT(S) This is an opportunity for citizens to address the Council on any matter pursuant to Texas Government Code Sec. 551.007. The Council is not permitted to discuss or take action on any presentations made concerning matters that are not listed on the agenda. Presentations are limited to matters over which the Council has authority. Speakers have up to four (4) minutes or the time limit determined by the Presiding Officer. Each speaker must have submitted their request to speak by completing the Speaker’s Form or may email mayorandcouncil@trophyclub.org COMMUNITY SPOTLIGHT 1.Receive update from Baylor Scott & White – Grapevine (Naman Mahajan, President, BSW) CONSENT AGENDA 2.Consider and take appropriate action to approve the Town Council Meeting Minutes dated July 25, 2023 and Town Council Meeting Minutes dated July 31, 2023 (Terri Johnson, Interim Town Secretary) INDIVIDUAL ITEMS 3.Consider and take appropriate action on Ordinance authorizing the issuance of Town of Trophy Club, Texas, Combination Tax and Revenue Certificates of Obligation, Series 2023 in the approximate principal amount of $7,000,000; levying a tax, and providing for the security for and payment of said certificates; awarding the sale of certificates; authorizing the execution and delivery of a paying agent agreement; approving the official statement; enacting other provisions relating to the subject (April Duval, Finance Director) 4.Receive a presentation from Town Staff regarding the Fiscal Year 2024 Proposed Budget and take action to set a budget hearing date (April Duvall, Director of Finance) 5.Consider and take appropriate action regarding a record vote on a notto exceed Fiscal Year 2024 Ad Valorem Tax Rate and to schedule a public hearing to meet Truth in Taxation requirements as required by the Charter and related matters (April Duvall, Director of Finance) 6.Consider and take appropriate action on the establishment of a Public Arts Committee, board, or commission and open for applications (Tamara Smith, Assistant to the Town Manager) 7.Future Agenda Items List (Tamara Smith, Assistant to the Town Manager) EXECUTIVE SESSION 8.Pursuant to the following designated section of the Texas Governmental Code, Annotated, Chapter 551 (Texas Open Meetings Act), The Town Council will recess into executive session to discuss the following: a) Section 551.074 Personnel Matters to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee: 1) Town Manager 2) Town Secretary RECONVENE INTO REGULAR SESSION 9.Consider and take appropriate action regarding Executive Session (Mayor Pro Tem Dennis Sheridan) ADJOURN One or more members of the Town Council may participate remotely using video conference pursuant to Chapter 551 of the Texas Government Code. The Town Council may convene into executive session to discuss posted items as allowed by the Texas Open Meeting Act, LGC.551.071 CERTIFICATION I certify that the above notice was posted on the bulletin board at Trophy Club Town Hall, 1 Trophy Wood Drive, Trophy Club, Texas, on August 11, 2023, by 5:00 p.m. in accordance with Chapter 551, Texas Government Code. __________________________________ Terri Johnson Interim Town Secretary If you plan to attend this public meeting and have a disability that requires special needs, please contact the Town Secretary’s Office at 6822372900, 48 hours in advance, and reasonable accommodations will be made to assist you. 1 Town of Trophy ClubMeeting Agenda PacketTown Council 1 Trophy Wood DriveTrophy Club, Texas76262August 14, 2023 6:00 PM Council ChambersCALL TO ORDER AND ANNOUNCE A QUORUM Mayor Jeannette TiffanyINVOCATION led by Pastor Joel Quile, Bara Church PLEDGES led by Council MemberPledge of Allegiance to the American Flag.Pledge of Allegiance to the Texas Flag.PUBLIC COMMENT(S)This is an opportunity for citizens to address the Council on any matter pursuant to TexasGovernment Code Sec. 551.007. The Council is not permitted to discuss or take action onany presentations made concerning matters that are not listed on the agenda.Presentations are limited to matters over which the Council has authority. Speakers haveup to four (4) minutes or the time limit determined by the Presiding Officer. Each speakermust have submitted their request to speak by completing the Speaker’s Form or mayemail mayorandcouncil@trophyclub.orgCOMMUNITY SPOTLIGHT1.Receive update from Baylor Scott & White – Grapevine (Naman Mahajan,President, BSW) CONSENT AGENDA 2.Consider and take appropriate action to approve the Town Council Meeting Minutes dated July 25, 2023 and Town Council Meeting Minutes dated July 31, 2023 (Terri Johnson, Interim Town Secretary) INDIVIDUAL ITEMS 3.Consider and take appropriate action on Ordinance authorizing the issuance of Town of Trophy Club, Texas, Combination Tax and Revenue Certificates of Obligation, Series 2023 in the approximate principal amount of $7,000,000; levying a tax, and providing for the security for and payment of said certificates; awarding the sale of certificates; authorizing the execution and delivery of a paying agent agreement; approving the official statement; enacting other provisions relating to the subject (April Duval, Finance Director) 4.Receive a presentation from Town Staff regarding the Fiscal Year 2024 Proposed Budget and take action to set a budget hearing date (April Duvall, Director of Finance) 5.Consider and take appropriate action regarding a record vote on a notto exceed Fiscal Year 2024 Ad Valorem Tax Rate and to schedule a public hearing to meet Truth in Taxation requirements as required by the Charter and related matters (April Duvall, Director of Finance) 6.Consider and take appropriate action on the establishment of a Public Arts Committee, board, or commission and open for applications (Tamara Smith, Assistant to the Town Manager) 7.Future Agenda Items List (Tamara Smith, Assistant to the Town Manager) EXECUTIVE SESSION 8.Pursuant to the following designated section of the Texas Governmental Code, Annotated, Chapter 551 (Texas Open Meetings Act), The Town Council will recess into executive session to discuss the following: a) Section 551.074 Personnel Matters to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee: 1) Town Manager 2) Town Secretary RECONVENE INTO REGULAR SESSION 9.Consider and take appropriate action regarding Executive Session (Mayor Pro Tem Dennis Sheridan) ADJOURN One or more members of the Town Council may participate remotely using video conference pursuant to Chapter 551 of the Texas Government Code. The Town Council may convene into executive session to discuss posted items as allowed by the Texas Open Meeting Act, LGC.551.071 CERTIFICATION I certify that the above notice was posted on the bulletin board at Trophy Club Town Hall, 1 Trophy Wood Drive, Trophy Club, Texas, on August 11, 2023, by 5:00 p.m. in accordance with Chapter 551, Texas Government Code. __________________________________ Terri Johnson Interim Town Secretary If you plan to attend this public meeting and have a disability that requires special needs, please contact the Town Secretary’s Office at 6822372900, 48 hours in advance, and reasonable accommodations will be made to assist you. 2 Town of Trophy ClubMeeting Agenda PacketTown Council 1 Trophy Wood DriveTrophy Club, Texas76262August 14, 2023 6:00 PM Council ChambersCALL TO ORDER AND ANNOUNCE A QUORUM Mayor Jeannette TiffanyINVOCATION led by Pastor Joel Quile, Bara Church PLEDGES led by Council MemberPledge of Allegiance to the American Flag.Pledge of Allegiance to the Texas Flag.PUBLIC COMMENT(S)This is an opportunity for citizens to address the Council on any matter pursuant to TexasGovernment Code Sec. 551.007. The Council is not permitted to discuss or take action onany presentations made concerning matters that are not listed on the agenda.Presentations are limited to matters over which the Council has authority. Speakers haveup to four (4) minutes or the time limit determined by the Presiding Officer. Each speakermust have submitted their request to speak by completing the Speaker’s Form or mayemail mayorandcouncil@trophyclub.orgCOMMUNITY SPOTLIGHT1.Receive update from Baylor Scott & White – Grapevine (Naman Mahajan,President, BSW)CONSENT AGENDA2.Consider and take appropriate action to approve the Town Council MeetingMinutes dated July 25, 2023 and Town Council Meeting Minutes dated July 31,2023 (Terri Johnson, Interim Town Secretary)INDIVIDUAL ITEMS3.Consider and take appropriate action on Ordinance authorizing the issuance ofTown of Trophy Club, Texas, Combination Tax and Revenue Certificates ofObligation, Series 2023 in the approximate principal amount of $7,000,000;levying a tax, and providing for the security for and payment of said certificates;awarding the sale of certificates; authorizing the execution and delivery of apaying agent agreement; approving the official statement; enacting otherprovisions relating to the subject (April Duval, Finance Director)4.Receive a presentation from Town Staff regarding the Fiscal Year 2024Proposed Budget and take action to set a budget hearing date (April Duvall,Director of Finance)5.Consider and take appropriate action regarding a record vote on a nottoexceed Fiscal Year 2024 Ad Valorem Tax Rate and to schedule a public hearingto meet Truth in Taxation requirements as required by the Charter and relatedmatters (April Duvall, Director of Finance)6.Consider and take appropriate action on the establishment of a Public ArtsCommittee, board, or commission and open for applications (Tamara Smith,Assistant to the Town Manager)7.Future Agenda Items List (Tamara Smith, Assistant to the Town Manager)EXECUTIVE SESSION8.Pursuant to the following designated section of the Texas Governmental Code,Annotated, Chapter 551 (Texas Open Meetings Act), The Town Council willrecess into executive session to discuss the following:a) Section 551.074 Personnel Matters to deliberate the appointment,employment, evaluation, reassignment, duties, discipline, or dismissal of a publicofficer or employee:1) Town Manager2) Town SecretaryRECONVENE INTO REGULAR SESSION 9.Consider and take appropriate action regarding Executive Session (Mayor Pro Tem Dennis Sheridan) ADJOURN One or more members of the Town Council may participate remotely using video conference pursuant to Chapter 551 of the Texas Government Code. The Town Council may convene into executive session to discuss posted items as allowed by the Texas Open Meeting Act, LGC.551.071 CERTIFICATION I certify that the above notice was posted on the bulletin board at Trophy Club Town Hall, 1 Trophy Wood Drive, Trophy Club, Texas, on August 11, 2023, by 5:00 p.m. in accordance with Chapter 551, Texas Government Code. __________________________________ Terri Johnson Interim Town Secretary If you plan to attend this public meeting and have a disability that requires special needs, please contact the Town Secretary’s Office at 6822372900, 48 hours in advance, and reasonable accommodations will be made to assist you. 3 Naman Mahajan 1 President 4 5 6 7 8 9 10 11 12 1 Town of Trophy Club Town Council Regular Meeting Minutes 7/25/2023 The Trophy Club Town Council met on July 25, 2023. The meeting was held at Town Hall, 1 Trophy Wood Dr, Trophy Club, TX 76262. Town Council Members Present: Jeannette Tiffany Mayor Stacey Bauer Council Member, Place 1 Jeff Beach Council Member, Place 2 Dennis Sheridan Council Member, Place 3/Mayor Pro Tem Karl Monger Council Member, Place 4 LuAnne Oldham Council Member, Place 5 Steve Flynn Council Member, Place 6 Staff Present: Patrick Arata Interim Town Manager Dean Roggia Interim Town Attorney Terri Johnson Interim Town Secretary Jason Wise Fire Chief Bobby Tillman Acting Police Chief Matt Cox Community Development Director April Duvall Finance Director Denise Deprato HR Director Jill Lind Communications and Marketing Director Tamara Smith Assistant to the Town Manager CALL TO ORDER AND ANNOUNCE A QUORUM Mayor Tiffany called the meeting to order at 7:00 pm announcing a quorum present with all Council members in attendance. INVOCATION led by Pastor Barry Clingan, The Church at Trophy Lakes PLEDGES led by Mayor Pro Tem Dennis Sheridan Pledge of Allegiance to the American Flag Pledge of Allegiance to the Texas Flag PUBLIC COMMENTS There were no public comments at this time. 13 2 COMMUNITY SPOTLIGHT 1. Receive Annual Update from Metroport Chamber (Sally Aldridge, President & CEO) Mayor Tiffany introduced Trophy Club resident Sally Aldridge, President & CEO of Metroport Chamber. Ms. Aldridge presented a slide presentation covering the State of the Chamber 2022- 2023. 2. Award of Scholarships by TCEVA (Gretchen Woefller, TCEVA President) Gretchen Woefller, TCEVA President briefed the Town Council about the Trophy Club Emergency Volunteer Association which serves under the umbrellas of both the Trophy Club Police and Fire Departments. She reviewed the programs the Association offers. The group was present at this Council meeting to present their 2nd Annual Scholarships to the following children of Trophy Club First Responders: Recipients: Katherine Hards & Ashley Hards Parents: Dusten and Kathleen Hards Recipient: Raegan Arata Parents: Patrick and Nicole Arata Recipient: Sarah Januszewski Parents: Dave Januszewski and Lori Pospisil 3. Recognize Staff in the TC Parks and Recreation Department and present Proclamation 2023-15 for July 2023 as Parks and Recreation Month (Council Members Stacey Bauer & Steve Flynn) Council Member Bauer recognized the Town of Trophy Club’s Parks and Recreation Department and thanked each one of them for all their hard work and especially for this year’s spectacular July 4th Celebration. Council Member Flynn read Proclamation 2023-15 proclaiming July 2023 as Parks and Recreation Month. 4. Working for You . . . Trophy club a) Update from Town Council Members Council Member Bauer expressed appreciation to the Trophy Club Fire Department for sending staff and resources to the City of Perryton, in the Texas Panhandle after they were devastated by a tornado a few weeks ago. This is a list of those firefighters who answered the call: 14 3 Shawn Garrett, Firefighter/Engineer Oswaldo Ramirez, Firefighter/Paramedic Brad Teel, Firefighter/Paramedic Kevin Arrington, Firefighter/Paramedic Matt Hinig, Firefighter/Paramedic Council Member Bauer also reminded everyone that the Town Manager recruitment is underway and asked for the community to get involved by submitting feedback, questions, and comments at www.trophyclub.org/engage. Bauer also reported on a meeting she and Mayor Tiffany had with Community Development Director Matt Cox to get updates on what this department does for the community. Council Member Flynn reported that he stopped and thanked Town Employees who were working on beautifying the medians in the summer heat. He suggested that others take the time to thank the hard-working employees. Council Member Monger welcomed the new Trophy Club Rotary Club President Travis Inge to the meeting. He reported that the Rotary Club would be working on the upcoming First Responders Day event, which will be October 28, 2023. Monger also reminded everyone that the Metroport Veteran’s Breakfast would be held on the 2nd Saturday of the month at Meat U Anywhere BBQ at 9:00 AM. Council Member Beach mentioned that he and Council Member Bauer had attended the Texas Municipal League’s (TML) Newly Elected Officials Orientation this past week in Round Rock. Council Member Oldham announced that applications for positions on the Town’s Board and Commissions were being received. She thanked those who are currently serving and invited anyone interested to apply. Oldham also mentioned the newly launched Explore Trophy Club initiative which kicked off July 25, 2023. b) Update from Finance Subcommittee There was no report from the Finance Subcommittee. d) Quick Civic Tip (Dean Roggia, Interim Town Attorney) Mayor Tiffany introduced Town Attorney Dean Roggia who gave a brief review of Chapter 1 of the Town’s Code of Ordinances, regarding Rules of Decorum. The following item was taken out-of-order: 9. Trophy Club EDC-4B Budget a) Conduct a Public Hearing regarding the Trophy Club Economic Development Corporation (EDC) 4B Budget for Fiscal Year 2024 (Patrick Arata, Interim Town Manager) 15 4 Mayor Tiffany opened the Public Hearing at 7:34 pm. Patrick Arata, Interim Town Manager reported that no one signed up to speak on this item. The Mayor closed the Public Hearing at 7:35 pm. b) Consider and take appropriate action regarding the Trophy Club Economic Development Corporation (EDC) 4B Budget for Fiscal Year 2024 (Travis Inge, EDC-4B Vice Chair & Patrick Arata, Interim Town Manager) Interim Town Manager Arata introduced the Vice Chair of the Trophy Club Economic Development Corporation (EDC) 4B, Mr. Travis Inge. Vice Chair Inge informed the Town Council that the EDC Board unanimously approved this budget which includes $300,000 for a new grant program for existing Trophy Club businesses. Following discussion by the Council, Mayor Pro Tem Sheridan made the motion to approve the Trophy Club Economic Development Corporation (EDC) 4B Budget for Fiscal Year 2024. The motion was seconded by Council Member Monger and passed with a unanimous vote. The agenda returned to the original order at this time. 4c)Update from Town Manager (Patrick Arata, Interim Town Manager) Patrick Arata reported that Police Captain Steve Woodard had been serving as the Acting Police Chief while Arata was serving as the Interim Town Manager. Arata expressed his sincere thanks to Captain Woodard for serving as the Acting Police Chief. For the remainder of Arata’s time serving as Interim Town Manager, the Acting Police Chief role will be transitioned to Police Captain Bobby Tillman. Arata reported on the Parks and Recreation Board of Directors meeting held July 24th. CONSENT AGENDA Mayor Pro Tem Sheridan requested that Item #7 be removed from the Consent Agenda. 5. Consider and take appropriate action to approve the Town Council Workshop Minutes and the Regular Meeting Minutes dated June 27, 2023 (Terri Johnson, Interim Town Secretary) 6. Consider and take appropriate action to approve the Town Council Special Meeting Minutes dated July 11, 2023 (Terri Johnson, Interim Town Secretary) Upon motion by Council Member Flynn, seconded by Council Member Bauer, the Town Council unanimously approve Consent Agenda Items #5 & #6. INDIVIDUAL ITEMS 16 5 7. Consider and take appropriate action to increase the Purchase Order with Strategic Government Resources (SGR) for Interim Town Secretary services (Denise Deprato, Director of Human Resources) Mayor Pro Tem Sheridan requested more information for the Purchase Order and the Purchase Requisition Form, Upon motion by Mayor Pro Tem Sheridan, seconded by Council Member LuAnne Oldham, the motion to increase the Purchase Order with Strategic Government Resources (SGR) for Interim Town Secretary services was unanimously approved. 8. Trophy Club Crime Control and Prevention District (CCPD) Budget a) Conduct a Public Hearing regarding the Trophy Club Crime Control and Prevention District (CCPD) Budget for Fiscal Year 2024 submitted to the Town Council by the CCPD Board (Patrick Arata, Interim Town Manager) Mayor Tiffany opened the Public Hearing at 7:45 pm. Interim Town Manager Arata reported that no one had signed up to speak on this issue. The Mayor closed the Public Hearing at 7:45 pm. b) Consider and take appropriate action regarding the approval of the Trophy Club Crime Control and Prevention District (CCPD) Budget for Fiscal Year 2024 submitted to the Town Council by the CCPD Board (Leo Daniels, CCPD Chair & Patrick Arata, Interim Town Manager) Arata reported to the Town Council that the Town receives $0.02 from the State Sales Tax collected in Trophy Club. One cent of this amount goes to the General Fund Budget. The remaining one cent is divided three ways as follows: ½ of one cent goes to the Economic Development Corporation ¼ of one cent goes to the Crime Control and Prevention District ¼ of one cent goes to the Street Maintenance Fun He reported that the funds received for the CCPD supports the Police Department Budget. CCPD Chairman Leo Daniels was present and answered questions from the Council. Town Attorney Roggia reported that all proposed projects fit the parameters of the law. Mayor Pro Tem Sheridan made the motion to approve the Trophy Club Crime Control and Prevention District (CCPD) Budget for Fiscal year 2024. The motion was seconded by Council Member Monger and passed with a unanimous vote. 10. Case FP-23-004 The Oak Estates (3H) Consider and take appropriate action to approve a request for a Final Plat for Lots 1-9, Block A, The Oak Estates at Trophy Club, consisting of 4.339 acres out of the Thomas J. Allen Survey, Abstract No. 7, located west of Milsons Point Drive, Trophy Club, Texas (Matt Cox, Community Development Director) 17 6 Community Development Director Matt Cox reported that this property was formerly known as gas well site 3H and is zoned R-15 Single Family District. The property owner is requesting to develop the property as eight residential lots and one open space lot with a public cul-de-sac street serving each lot. The Preliminary Plat for The Oak Estates at Trophy Club was approved by the Town Council on September 27, 2021. P&Z Chair Mike Biggs was in attendance and discussed an access/safety concern a resident had brought up at the P&Z review. He reported that an amicable solution was found regarding the inclusion of a traffic sign. Planning Consultant Helen-Eve Beadle was also present and explained details of the Final Plat to the Town Council. Council Member Beach made the motion to approve the Final Plat, subject to Lot 100X, Block L, of The Highlands at Trophy Club Neighborhood 7, Phase 3C Addition being deeded to the Town of Trophy Club or the right-of-way and access easement, be executed and accepted by the Town of Trophy Club, prior to Final Plat filing. The motion was seconded by Mayor Pro Tem Sheridan and passed with the unanimous vote of the Town Council. 11. Case PD-AMD-23-001 (Hutchins BBQ) a) Conduct a Public Hearing regarding a request made by Hutchins National, LLC to amend Planned Development District-25 (PD-25) to accommodate Roy Hutchins BBQ. The subject property is legally described as Trophy Woods Business Center, Block B, Lot 2R2, approximately 2.052 acres and is generally located at the northeast corner of Trophy Wood Drive and SH 114 in the Town of Trophy Club, Tarrant County, Texas. The property is addressed as 3000 SH 114, Trophy Club, Texas (Matt Cox, Community Development Director) Mayor Tiffany opened the Public Hearing at 7:58 pm. No one was present to speak to this item. The Mayor closed the Public Hearing at 7:59 pm. b) Consider and possibly act on a request made by Hutchins National, LLC to amend Planned Development District-25 (PD-25) to accommodate Roy Hutchins BBQ. The subject property is legally described as Trophy Wood Business Center, Block B, Lot 2R2, approximately 2.052 acres and is generally located at the northeast corner of Trophy Wood Drive and SH 114 in the Town of Trophy Club, Tarrant County, Texas (Michael Biggs, P&Z Chair & Matt Cox, Community Development Director) It was reported that the applicant, Hutchins National, LLC, has requested a Planned Development District (PD-25) amendment, to Tract 3, to accommodate outside storage containers, a walk-in cooler on the exterior of the building, exterior modifications, and signage at their location at 3000 SH 114 in Trophy Wood Business Center. The Trophy Club Planning & Zoning Commission Chair Mike Biggs reported that the P&Z voted 5-1 to recommend approval of the PD amendment with the following conditions: 18 7 1) Change the wood fence screening around the walk-in cooler to the CMU to match the existing walls; 2) Add a perforated metal fence screen around the two exhaust fans; and 3) Add a note that the smokestacks will be painted in a monochromatic high- temperature paint to blend with the roof color. Mayor Pro Tem Sheridan led the lengthy discussion from the Town Council. The motion was made by Council Member Beach and seconded by Council Member Monger to adopt Ordinance 2023-10 approving the amendment to the Planned Development with the following conditions: 1) Change the wood fence screening around the walk-in cooler to the CMU to match the existing walls; 2) Add a perforated metal fence screen around the two exhaust fans; and 3) Add a note that the smokestacks will be painted in a monochromatic high- temperature paint to blend with the roof color. The motion carried with the following 5-2 vote: Ayes: Council Members Bauer, Flynn, Monger, Beach, and Mayor Tiffany Noes: Mayor Pro Tem Sheridan and Council Member Oldham 12. Consider and take appropriate action regarding the approval of the Trophy Club Capital Improvement Plan Budget for Fiscal Year 2024-2028 (April Duvall, Finance Director) Interim Town Manager Arata explained to the Council that the Charter required that the Town Council receive the C-I-P Budget before the end of July, each year. No action was required on this item. 13. Consider and take appropriate action to contract with CivicPlus for CivicClerk software (April Duvall, Finance Director & Terri Johnson, Interim Town Secretary) Finance Director April Duvall presented this contract for a new agenda software program for the Town Secretary’s office to help with agenda and minute preparation, among other processes. She reported that the contract for the current agenda software will expire September 30, 2023, and this would replace that software. Council Member Beach stated that it looked like she had negotiated a good discount for the Town. Upon motion by Council Member Flynn, seconded by Council Member Bauer, the Town Council unanimously voted to approve the contract with CivicPlus for CivicClerk software. 14. Consider and take appropriate action to approve and award an Information Technology Support Services contract to netGenius, Inc. (Tamara Smith, Assistant to the Town Manager) 19 8 Tamara Smith, Assistant to the Town Manager, reported that the current contract for IT Support Services would expire August 25 , 2023. The Town entered a procurement process to request proposals for information technology support services. Twelve valid proposals were received, along with one invalid proposal. The twelve were narrowed down to two. Through a rigorous selection process, netGenius, Inc. was chosen as they checked all the boxes the Town sought out for in the proposal. The proposed contract is a renewable one-year contract at the price of $191,520/year. There will be an overlap beginning August 1, 2023, until the contract begins on October 1, 2023. The company’s co-founders Ben Singleton and Moeed Siddiqui were present and addressed the Council. Following a brief discussion, Council Member Beach made the motion to approve and award an Information Technology Support Services contract to netGenius, Inc. The motion was seconded by Council Member Bauer and passed with the unanimous vote of the Town Council. This next agenda item (#15) was moved to be considered after the Executive Session. 15. Discuss and provide direction on the Request for Proposal (RFP) for Legal Services, or hire as a Town employee (Tamara Smith, Assistant to the Town Manager) 16. Discuss the result of the MUD Feasibility Study (Council Member Jeff Beach & Council Member Steve Flynn) Town Council’s Strategic Partnership (MUD) subcommittee is made up of Council Members Beach and Flynn. Council Member Beach gave a brief history of the joint discussions with the City of Westlake and the Municipal Utility District (MUD) for the potential dissolution of the MUD. He reported that an Executive Summary had been received, which was shared with the Town Council. Council Member Flynn reported that the next step would be to have a joint meeting with all three entities to determine if all three entities were ready to move forward together. Interim Town Manager Arata reported that it does take all three entities to dissolve the MUD. Following discussion by the Town Council, direction was given to Interim Town Manager Arata to get a copy of the complete Feasibility Study and share with the Town Council. No action was taken. 17. Discuss the establishment of a Public Arts Committee, Commission, or Board (Tamara Smith, Assistant to the Town Manager) 20 9 Tamara Smith, Assistant to the Town Manager, reminded the Council that at their June 27th Workshop, direction was given to explore the creation of a Public Arts & Culture Committee. Mayor Tiffany reported that she had researched other towns who have this type of Committee. Tamara Smith gave the Council a Boards, Committees, Commissions handout which included a suggested scope of work for the Public Arts Committee. Council Member Oldham stated that the Appointments Committee was hoping to get this Committee established in time to make appointments for Town Council’s approval in September. It was the consensus of the Council to have the creation of this committee on the next Council meeting’s agenda. 18. Future Agenda Items List (Patrick Arata, Interim Town Manager) Interim Town Manager Arata reviewed the future agenda items list. Council Member Bauer requested that Council receives an update on Phase II of the Community Pool and a report on revenues for Trophy Club Park. Council Member Beach agreed with her request. Mayor Tiffany recessed the open meeting at 9:26 pm and announced that the Town Council would convene in Executive Session to discuss the following: EXECUTIVE SESSION 19. Pursuant to the following designated section of the Texas Governmental Code, Annotated, Chapter 551 (Texas Open Meetings Act), the Council will recess into executive session to discuss the following: a) Section 551.074 Personnel Matters to deliberate the appointment, employment, evaluation, reassignment, duties, discipline, or dismissal of a public officer or employee 1. Town Manager 2. Town Secretary 3. Town Attorney Mayor Tiffany excused herself after Item #19 was discussed and left the Executive Session at 10:48 pm. Mayor Pro Tem Sheridan presided over the remainder of the meeting. 20. Pursuant to the following designated section of the Texas Governmental Code, Annotated, Chapter 551 (Texas Open Meetings Act), the Town will recess into executive session to discuss the following: a) Section 551.071 Consultation with Attorney The Mayor Pro Tem adjourned the Executive Session at 11:09 pm. RECONVENE INTO REGULAR SESSION 21 10 Mayor Pro Tem Sheridan reconvened the regular session at 11:10 pm. 15. Discuss and provide direction on the Request for Proposal (RFP) for Legal Services, or hire as a Town employee (Tamara Smith, Assistant to the Town Manager) Council Member Flynn made the motion to approve a Letter of Agreement for legal services with the Taylor, Olson, Adkins, Sralla, Elam Law Firm and appoint Dean Roggia as the Town Attorney. The motion was seconded by Council Member Monger and carried with the unanimous vote of the Town Council. 21. Consider and take appropriate action regarding Executive Session (Mayor Pro Tem Dennis Sheridan) No further action was needed on discussions held in Executive Session. ADJOURN Mayor Pro Tem Sheridan made the motion to adjourn at 11:10 pm. The motion was seconded by Council Member Beach and passed unanimously. Attest: _______________________________ ______________________________________ Terri Johnson, Interim Town Secretary Jeannette Tiffany, Mayor 22 1 Town of Trophy Club Town Council Special Meeting Minutes 7/31/2023 The Trophy Club Town Council met in Special Session on Monday, July 31, 2023. The meeting was held at Town Hall, 1 Trophy Wood Dr, Trophy Club, TX 76262. Town Council Members Present: Jeannette Tiffany Mayor Stacey Bauer Council Member, Place 1 Jeff Beach Council Member, Place 2 Dennis Sheridan Council Member, Place 3/Mayor Pro Tem Karl Monger Council Member, Place 4 LuAnne Oldham Council Member, Place 5 Steve Flynn Council member, Place 6 Staff Present: Patrick Arata Interim Town Manager Dean Roggia Town Attorney Maggie McCormick-Krukowski Records Analyst Jason Wise Fire Chief Steve Woodard Captain, Patrol Jill Lind Communications and Marketing Director Tamara Smith Assistant to the Town Manager CALL TO ORDER AND ANNOUNCE A QUORUM Mayor Tiffany called the meeting to order at 6:00 pm announcing a quorum present. EXECUTIVE SESSION 5. Pursuant to the following designated section of the Texas Governmental Code, Annotated, Chapter 551 (Texas Open Meetings Act), the Council will recess into executive session to discuss the following: a) Section 551.071 Consultation with Attorney Mayor Tiffany recessed Town Council to Executive Session at 6:00 pm. RECONVENE INTO REGULAR SESSION Mayor Tiffany reconvened into regular session at 6:35 pm. 23 2 PUBLIC COMMENT(S) 1.Sean Nelson 267 Oak View Dr. Trophy Club Mr. Nelson prayed for Council. 2.Richard Ryan 2 St. Andrews Ct. Trophy Club Mr. Ryan requested an ordinance for restricting Airbnb’s and pool rentals. INDIVIDUAL ITEMS 1. Consider and take action on the membership, possible removal, and appointment of members to the ad-hoc Hiring Subcommittee for the hiring of Town Manager and Town Secretary (Mayor Jeannette Tiffany) Council Member Oldham made a motion to remove Stacey Bauer from the ad-hoc Hiring Subcommittee. There was no second to the motion. The motion failed. 2. Consider and take action on the membership, possible removal, and appointment of members to the Town Council Appointments Committee (Mayor Jeannette Tiffany) Council Member Oldham made a motion to remove Stacey Bauer from the Town Council Appointments Committee. There was no second to the motion. The motion failed. Mayor Pro Tem Sheridan made a motion to adjourn. ADJOURN Mayor Tiffany adjourned the meeting at 6:40 pm. Attest: _______________________________ __________________________________ Terri Johnson, Interim Town Secretary Jeannette Tiffany, Mayor 24 Page 1 of 2 To: Mayor and Town Council From: Patrick Arata, Interim Town Manager CC: Terri Johnson, Town Secretary April Duvall, Finance Director Re: 2023 Combination Tax and Revenue Certificates of Obligation Bonds Town Council Meeting, August 14, 2023 Agenda Item: Consider and take appropriate action regarding an Ordinance authorizing the issuance Of Town Of Trophy Club, Texas, Combination Tax And Revenue Certificates Of Obligation, Series 2023; levying a tax, and providing for the security for and payment of said certificates; awarding the sale of the certificates; authorizing the execution and delivery of a paying agent agreement; approving the official statement; enacting other provisions relating to the subject. (P.Arata). Strategic Link: Administrative & Financial Services – Exercise fiscal discipline in all Town operations. Background and Explanation: Town Staff has worked with our financial advisor, Mark McLiney, of SAMCO Capital Markets on the issuance of these bonds. The Town will receive bids by 10:00 am on August 14th and the results will be presented to Council for action. This action maintains the current $0.0.99799 debt service tax rate. Town Council took action at the June 27, 2023 Town Council meeting approving the publishing of the notice of intent to issue these bonds. Financial Considerations: Issuance of $7,000,000 in certificate of obligation bonds with a twenty (20) year pay-off to be utilized for designing, developing, constructing, improving and renovating Town parks and green spaces including park and recreation facilities, including sports fields and the acquisition of land therefor, designing, developing, constructing, improving, extending, and expanding streets, thoroughfares, sidewalks, bridges, and other public ways of the Town, including streetscaping, street facilities, streetlighting, right-of-way protection, utility relocation, and related storm drainage improvements; and acquiring rights-of-way in connection therewith, Town public parking facilities located at Town Hall professional services incurred in connection with items through and to pay the costs incurred in connection with the issuance of the Certificates.25 Page 2 of 2 Legal Review: Bond Counsel (Ms. Julie Partain, with Bracewell, LLP) has reviewed and accepted the bond issue as represented. Board/Commission/ or Committee Recommendation: Not applicable Staff Recommendation: Staff recommends approval of the ordinance and sale of the bonds as presented. Attachments: •Ordinance – Certificates of Obligation Bonds Series 2023, completed ordinance to be provided by Bond Counsel at the meeting 26 7 ORDINANCE NO. ______ relating to $____________ TOWN OF TROPHY CLUB, TEXAS COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION SERIES 2023 Adopted: August 14, 2023 27 TABLE OF CONTENTS (continued) Page -i- ARTICLE I DEFINITIONS AND OTHER PRELIMINARY MATTERS Section 1.1. Definitions................................................................................................................2 Section 1.2. Findings ...................................................................................................................4 Section 1.3. Table of Contents, Titles, and Headings..................................................................4 Section 1.4. Interpretation............................................................................................................4 ARTICLE II SECURITY FOR THE CERTIFICATES; INTEREST AND SINKING FUND Section 2.1. Payment of the Certificates......................................................................................5 Section 2.2. Interest and Sinking Fund........................................................................................6 ARTICLE III AUTHORIZATION; GENERAL TERMS AND PROVISIONS REGARDING THE CERTIFICATES Section 3.1. Authorization...........................................................................................................6 Section 3.2. Date, Denomination, Maturities, and Interest..........................................................7 Section 3.3. Medium, Method, and Place of Payment.................................................................8 Section 3.4. Execution and Registration of Certificates..............................................................9 Section 3.5. Ownership................................................................................................................9 Section 3.6. Registration, Transfer, and Exchange....................................................................10 Section 3.7. Cancellation...........................................................................................................10 Section 3.8. Temporary Certificates..........................................................................................11 Section 3.9. Replacement Certificates.......................................................................................11 Section 3.10. Book-Entry-Only System.......................................................................................12 Section 3.11. Successor Securities Depository; Transfer Outside Book-Entry-Only System....................................................................................................................13 Section 3.12. Payments to Cede & Co.........................................................................................13 ARTICLE IV REDEMPTION OF CERTIFICATES BEFORE MATURITY Section 4.1. Limitation on Redemption.....................................................................................14 Section 4.2. Optional Redemption.............................................................................................14 Section 4.3. Mandatory Sinking Fund Redemption...................................................................14 Section 4.4. Partial Redemption.................................................................................................15 Section 4.5. Notice of Redemption to Owners ..........................................................................16 Section 4.6. Payment Upon Redemption...................................................................................16 Section 4.7. Effect of Redemption.............................................................................................16 Section 4.8. Conditional Notice of Redemption........................................................................17 Section 4.9. Lapse of Payment...................................................................................................17 28 TABLE OF CONTENTS (continued) Page -ii- ARTICLE V PAYING AGENT/REGISTRAR Section 5.1. Appointment of Initial Paying Agent/Registrar.....................................................17 Section 5.2. Qualifications.........................................................................................................17 Section 5.3. Maintaining Paying Agent/Registrar.....................................................................17 Section 5.4. Termination............................................................................................................18 Section 5.5. Notice of Change to Owners..................................................................................18 Section 5.6. Agreement to Perform Duties and Functions.........................................................18 Section 5.7. Delivery of Records to Successor..........................................................................18 ARTICLE VI FORM OF THE CERTIFICATES Section 6.1. Form Generally......................................................................................................18 Section 6.2. Form of the Certificates.........................................................................................19 Section 6.3. CUSIP Registration................................................................................................26 Section 6.4. Legal Opinion........................................................................................................26 Section 6.5. Statement Insurance...............................................................................................26 ARTICLE VII SALE AND DELIVERY OF CERTIFICATES; DEPOSIT OF PROCEEDS; FLOW OF FUNDS Section 7.1. Sale of Certificates; Official Statement.................................................................26 Section 7.2. Control and Delivery of Certificates......................................................................27 Section 7.3. Deposit of Proceeds...............................................................................................27 ARTICLE VIII INVESTMENTS Section 8.1. Investments............................................................................................................28 Section 8.2. Investment Income.................................................................................................28 ARTICLE IX PARTICULAR REPRESENTATIONS AND COVENANTS Section 9.1. Payment of the Certificates....................................................................................28 Section 9.2. Other Representations and Covenants...................................................................28 Section 9.3. Federal Income Tax Matters..................................................................................29 ARTICLE X DEFAULT AND REMEDIES Section 10.1. Events of Default...................................................................................................31 Section 10.2. Remedies for Default.............................................................................................31 Section 10.3. Remedies Not Exclusive........................................................................................31 29 TABLE OF CONTENTS (continued) Page -iii- ARTICLE XI DISCHARGE Section 11.1. Discharge...............................................................................................................32 ARTICLE XII CONTINUING DISCLOSURE UNDERTAKING Section 12.1. Annual Reports......................................................................................................32 Section 12.2. Material Event Notices ..........................................................................................32 Section 12.3. Limitations, Disclaimers and Amendments...........................................................34 ARTICLE XIII AMENDMENTS Section 13.1. Amendments..........................................................................................................35 ARTICLE XIV MISCELLANEOUS Section 14.1. Changes to Ordinance............................................................................................35 Section 14.2. Partial Invalidity.....................................................................................................36 Section 14.3. No Personal Liability.............................................................................................36 ARTICLE XV EFFECTIVENESS Section 15.1. Effectiveness..........................................................................................................36 30 TOWN OF TROPHY CLUB, TEXAS ORDINANCE NO. _______ AN ORDINANCE AUTHORIZING THE ISSUANCE OF $____________ TOWN OF TROPHY CLUB, TEXAS, COMBINATION TAX AND REVENUE CERTIFICATES OF OBLIGATION, SERIES 2023; LEVYING A TAX, AND PROVIDING FOR THE SECURITY FOR AND PAYMENT OF SAID CERTIFICATES; AWARDING THE SALE OF THE CERTIFICATES; AUTHORIZING THE EXECUTION AND DELIVERY OF A PAYING AGENT AGREEMENT; APPROVING THE OFFICIAL STATEMENT; ENACTING OTHER PROVISIONS RELATING TO THE SUBJECT. WHEREAS, under the provisions of the Texas Local Government Code, Chapter 271, Subchapter C, as amended, the Town of Trophy Club, Texas (the “Town”), is authorized to issue certificates of obligation for the purposes specified in this Ordinance and for the payment of all or a portion of the contractual obligations for professional services, including that of engineers, attorneys, and financial advisors in connection therewith, and to sell the same for cash as herein provided; and WHEREAS, the Town is authorized to provide that such obligations will be payable from and secured by the levy of a direct and continuing ad valorem tax against all taxable property within the Town, in combination with all or a part of certain revenues of the Town’s municipal drainage utility system (the “System”) remaining after payment of any obligations of the Town payable in whole or in part from a lien on or pledge of such revenues that would be superior to the obligations to be authorized herein as authorized by Chapter 1502, Texas Government Code; and WHEREAS, the Town Council has found and determined that it is necessary and in the best interests of the Town and its citizens that it issue such certificates of obligation authorized by this Ordinance; and WHEREAS, pursuant to a resolution heretofore passed by this governing body, notice of intention (the “Notice of Intention”) to issue certificates of obligation of the Town payable as provided in this Ordinance was published in a newspaper of general circulation in the Town in accordance with the requirements of law, such certificates of obligation to be issued for the purpose of paying contractual obligations to be incurred for the purposes set forth in Section 3.01 hereof; and WHEREAS, the Notice of Intention stated that the Town Council intended to pass an ordinance authorizing the issuance of the Certificates at its Town Council meeting held on the date of adoption of this Ordinance; and WHEREAS, no petition of any kind has been filed with the Town Secretary, any member of the Town Council or any other official of the Town, protesting the issuance of such certificates of obligation; and WHEREAS, this Town Council is now authorized and empowered to proceed with the issuance of said certificates of obligation and to sell the same for cash; and 31 -2- WHEREAS, the meeting at which this Ordinance is considered is open to the public as required by law, and public notice of the time, place, and purpose of said meeting was given as required by Chapter 551, Texas Government Code, as amended; therefore, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, THAT: ARTICLE I DEFINITIONS AND OTHER PRELIMINARY MATTERS Section 1.1. Definitions. Unless otherwise expressly provided or unless the context clearly requires otherwise in this Ordinance, the following terms shall have the meanings specified below: “Business Day” means a day that is not a Saturday, Sunday, legal holiday or other day on which banking institutions in the city where the Designated Payment/Transfer Office is located are required or authorized by law or executive order to close. “Certificate” means any of the Certificates. “Certificate Date” means the date designated as the initial date of the Certificates by Section 3.02(a) of this Ordinance. “Certificates” means the certificates of obligation authorized to be issued by Section 3.01 of this Ordinance and designated as “Town of Trophy Club, Texas, Combination Tax and Revenue Certificates of Obligation, Series 2023. “Closing Date” means the date of the initial delivery of and payment for the Certificates. “Code” means the Internal Revenue Code of 1986, as amended, and, with respect to a specific section thereof, such reference shall be deemed to include (a) the Regulations promulgated under such section, (b) any successor provision of similar import hereafter enacted, (c) any corresponding provision of any subsequent Internal Revenue Code, and (d) the Regulations promulgated under the provisions described in (b) and (c). “Designated Payment/Transfer Office” means (i) with respect to the initial Paying Agent/Registrar named herein, its office in Dallas, Texas, or at such other location designated by the Paying Agent/Registrar and (ii) with respect to any successor Paying Agent/Registrar, the office of such successor designated and located as may be agreed upon by the Town and such successor. “DTC” means The Depository Trust Company of New York, New York, or any successor securities depository. “DTC Participant” means brokers and dealers, banks, trust companies, clearing corporations and certain other organizations on whose behalf DTC was created to hold securities to facilitate the clearance and settlement of securities transactions among DTC Participants. 32 -3- “EMMA” means the Electronic Municipal Market Access System. “Event of Default” means any event of default as defined in Section 10.01 of this Ordinance. “Financial Obligation” means a (a) debt obligation; (b) derivative instrument entered into in connection with, or pledged as security or a source of payment for, an existing or planned debt obligation; or (c) guarantee of a debt obligation or any such derivative instrument; provided that “financial obligation” shall not include municipal securities (as defined in the Securities Exchange Act of 1934, as amended) as to which a final official statement (as defined in the Rule) has been provided to the MSRB consistent with the Rule. “Fiscal Year” means such fiscal year as shall from time to time be set by the Town Council. “Initial Certificate” means the initial certificate authorized by Section 3.04(d) of this Ordinance. “Interest and Sinking Fund” means the interest and sinking fund established by Section 2.02 of this Ordinance. “Interest Payment Date” means the date or dates upon which interest on the Certificates is scheduled to be paid until their respective dates of maturity or prior redemption, such dates being March 1 and September 1 of each year commencing March 1, 2024. “MSRB” means the Municipal Securities Rulemaking Board. “Net Revenues” means the gross revenues of the System less the expenses of operation and maintenance as said expenses are defined by Chapter 1502, Texas Government Code, as amended. “Ordinance” means this Ordinance. “Owner” means the person who is the registered owner of a Certificate or Certificates, as shown in the Register. “Paying Agent/Registrar” means initially BOKF, N.A., Dallas, Texas, or any successor thereto as provided in this Ordinance. “Prior Lien Bonds” means any and all bonds or other obligations of the Town presently outstanding or that may be hereafter issued, payable from and secured by a first lien on and pledge of the Net Revenues or by a lien on and pledge of the Net Revenues subordinate to a first lien and pledge of such Net Revenues but superior to the lien and pledge of the Surplus Revenues made for the Certificates. “Record Date” means the fifteenth (15th) day of the month next preceding an Interest Payment Date. “Register” means the Register specified in Section 3.06(a) of this Ordinance. 33 -4- “Regulations” means the applicable proposed, temporary or final Treasury Regulations promulgated under the Code or, to the extent applicable to the Code, under the Internal Revenue Code of 1954, as such regulations may be amended or supplemented from time to time. “Representations Letter” means the Blanket Letter of Representations between the Town and DTC. “Rule” means SEC Rule 15c2-12, as amended from time to time. “SEC” means the United States Securities and Exchange Commission. “Special Payment Date” means the Special Payment Date prescribed by Section 3.03(b). “Special Record Date” means the Special Record Date prescribed by Section 3.03(b). “Surplus Revenues” means the revenues of the System remaining after payment of all operation and maintenance expenses thereof, and all debt service, reserve, and other requirements in connection with the Town’s Prior Lien Bonds; provided, however, that the amount of such Surplus Revenues pledged to the payment of the Certificates shall be limited to $1,000. “System” as used in this Ordinance means the Town’s municipal drainage utility system, including all present and future additions, extensions, replacements, and improvements thereto. “Town” means the Town of Trophy Club, Texas. “Unclaimed Payments” means money deposited with the Paying Agent/Registrar for the payment of principal of, redemption premium, if any, or interest on the Certificates as the same come due and payable or money set aside for the payment of Certificates duly called for redemption prior to maturity. Section 1.2. Findings. The declarations, determinations, and findings declared, made, and found in the preamble to this Ordinance are hereby adopted, restated, and made a part of the operative provisions hereof. Section 1.3. Table of Contents, Titles, and Headings. The table of contents, titles, and headings of the Articles and Sections of this Ordinance have been inserted for convenience of reference only and are not to be considered a part hereof and shall not in any way modify or restrict any of the terms or provisions hereof and shall never be considered or given any effect in construing this Ordinance or any provision hereof or in ascertaining intent, if any question of intent should arise. Section 1.4. Interpretation. (a) Unless the context requires otherwise, words of the masculine gender shall be construed to include correlative words of the feminine and neuter genders and vice versa, and 34 -5- words of the singular number shall be construed to include correlative words of the plural number and vice versa. (b) This Ordinance and all the terms and provisions hereof shall be liberally construed to effectuate the purposes set forth herein. ARTICLE II SECURITY FOR THE CERTIFICATES; INTEREST AND SINKING FUND Section 2.1. Payment of the Certificates. (a) Pursuant to the authority granted by the Texas Constitution and laws of the State of Texas, there shall be levied and there is hereby levied for the current year and for each succeeding year thereafter while any of the Certificates or any interest thereon is outstanding and unpaid, an ad valorem tax on each one hundred dollars valuation of taxable property within the Town, at a rate sufficient, within the limit prescribed by law, to pay the debt service requirements of the Certificates, being (i) the interest on the Certificates, and (ii) a sinking fund for their redemption at maturity or a sinking fund of two percent per annum (whichever amount is the greater), when due and payable, full allowance being made for delinquencies and costs of collection. (b) The ad valorem tax thus levied shall be assessed and collected each year against all property appearing on the tax rolls of the Town most recently approved in accordance with law, and the money thus collected shall be deposited as collected to the Interest and Sinking Fund. (c) Said ad valorem tax, the collections therefrom, and all amounts on deposit in or required hereby to be deposited to the Interest and Sinking Fund are hereby pledged and committed irrevocably to the payment of the principal of and interest on the Certificates when and as due and payable in accordance with their terms and this Ordinance. (d) The amount of taxes to be provided annually for the payment of principal of and interest on the Certificates shall be determined and accomplished in the following manner: (i) The Town’s annual budget shall reflect (i) the amount of debt service requirements to become due on the Certificates in the next succeeding Fiscal Year of the Town and (ii) the amount on deposit in the Interest and Sinking Fund, as of the date such budget is prepared (after giving effect to any payments required to be made during the remainder of the then current Fiscal Year), and (iii) the amount of Surplus Revenues estimated and budgeted to be available for the payment of such debt service requirements on the Certificates during the next succeeding Fiscal Year. (ii) The amount required to be provided in the succeeding Fiscal Year of the Town from ad valorem taxes shall be the amount, if any, the debt service requirements to be paid on the Certificates in the next succeeding Fiscal Year of the Town exceeds the sum of (i) the amount shown to be on deposit in the Interest and Sinking Fund (after giving effect to any payments required to be made during the remainder of the then current Fiscal Year) at the time the annual budget is prepared, and (ii) the Surplus Revenues shown to be budgeted and available for payment of said debt service requirements. 35 -6- (iii) Following the final approval of the annual budget of the Town, the governing body of the Town shall, by ordinance, levy an ad valorem tax at a rate sufficient to produce taxes in the amount determined in paragraph (ii) above, to be utilized for purposes of paying the principal of and interest on the Certificates in the next succeeding Fiscal Year of the Town. (e) The Town hereby covenants and agrees that the Surplus Revenues are hereby irrevocably pledged equally and ratably to the payment of the principal of, redemption premium, if any, and interest on the Certificates, as the same become due. (f) If the liens and provisions of this Ordinance shall be released in a manner permitted by Article XI hereof, then the collection of such ad valorem tax may be suspended or appropriately reduced, as the facts may permit, and further deposits to the Interest and Sinking Fund may be suspended or appropriately reduced, as the facts may permit. In determining the aggregate principal amount of outstanding Certificates, there shall be subtracted the amount of any Certificates that have been duly called for redemption and for which money has been deposited with the Paying Agent/Registrar for such redemption. Section 2.2. Interest and Sinking Fund. (a) The Town hereby establishes a special fund or account to be designated the “Town of Trophy Club, Texas, Combination Tax and Revenue Certificates of Obligation, Series 2021, Interest and Sinking Fund” (the “Interest and Sinking Fund”) said fund to be maintained at an official depository bank of the Town separate and apart from all other funds and accounts of the Town. (b) Money on deposit in or required by this Ordinance to be deposited to the Interest and Sinking Fund shall be used solely for the purpose of paying the interest on and principal of the Certificates when and as due and payable in accordance with their terms and this Ordinance. ARTICLE III AUTHORIZATION; GENERAL TERMS AND PROVISIONS REGARDING THE CERTIFICATES Section 3.1. Authorization. The Town’s certificates of obligation to be designated “Town of Trophy Club, Texas, Combination Tax and Revenue Certificates of Obligation, Series 2023” (the “Certificates”), are hereby authorized to be issued and delivered in accordance with the Constitution and laws of the State of Texas, specifically Subchapter C, Chapter 271, Texas Local Government Code. The Certificates shall be issued in the aggregate principal amount of $___________________ for the following purposes, to wit: (i) designing, developing, constructing, improving and renovating Town parks and green spaces including park and recreation facilities, including sports fields and the acquisition of land therefor, (ii) designing, developing, constructing, improving, extending, and expanding streets, thoroughfares, sidewalks, bridges, and other public ways of the City, including streetscaping, street facilities, streetlighting, right-of-way protection, utility relocation, and related storm drainage improvements; and acquiring rights-of-way in connection therewith, 36 -7- (iii) Town public parking facilities located at Town Hall (iv) professional services incurred in connection with items (i) through (iii) and to pay the costs incurred in connection with the issuance of the Certificates. Section 3.2. Date, Denomination, Maturities, and Interest. (a) The Certificates shall be dated August 15, 2023 (the “Certificate Date”). The Certificates shall be in fully registered form, without coupons, in the denomination of $5,000 or any integral multiple thereof and shall be numbered separately from one upward, except the Initial Certificate, which shall be numbered T-1. (b) The Certificates shall mature on September 1 in the years and in the principal amounts set forth in the following schedule: $____________ Serial Certificates Years Principal Amount Interest Rate 2024 2025 2026 2027 2028 2029 2030 2031 2032 2033 2034 2035 2036 2037 2038 $____________ Term Certificates Years Principal Amount Interest Rate 2033 2035 2037 2039 2041 (c) Interest shall accrue and be paid on each Certificate respectively until its maturity or prior redemption from the later of the Certificate Date or the most recent interest payment date 37 -8- to which interest has been paid or provided for at the rates per annum for each maturity specified in the schedule contained in subsection (b) above. Such interest shall be payable semiannually on March 1 and September 1 of each year commencing March 1, 2024, and shall be computed on the basis of a 360-day year of twelve 30-day months. Section 3.3. Medium, Method, and Place of Payment. (a) The principal of, redemption premium, if any, and interest on the Certificates shall be paid in lawful money of the United States of America. (b) Interest on the Certificates shall be payable to the Owners as shown in the Register at the close of business on the Record Date; provided, however, in the event of nonpayment of interest on a scheduled Interest Payment Date and for 30 days thereafter, a new record date for such interest payment (a “Special Record Date”) shall be established by the Paying Agent/Registrar, if and when funds for the payment of such interest have been received from the Town. Notice of the Special Record Date and of the scheduled payment date of the past due interest (the “Special Payment Date,” which shall be 15 days after the Special Record Date) shall be sent at least five Business Days prior to the Special Record Date by United States mail, first class, postage prepaid, to the address of each Owner of a Certificate appearing on the Register at the close of business on the last Business Day next preceding the date of mailing of such notice. (c) Interest shall be paid by check, dated as of and mailed on the Interest Payment Date, and sent by the Paying Agent/Registrar to each Owner, first class United States mail, postage prepaid, to the address of each Owner as it appears in the Register, or by such other customary banking arrangement acceptable to the Paying Agent/Registrar and the Owner; provided, however, that the Owner shall bear all risk and expense of such alternative banking arrangement. At the option of an Owner of at least $1,000,000 principal amount of the Certificates, interest may be paid by wire transfer to the bank account of such Owner on file with the Paying Agent/Registrar. (d) The principal of each Certificate shall be paid to the Owner thereof on the due date, whether at the maturity date or the date of prior redemption thereof upon presentation and surrender of such Certificate at the Designated Payment/Transfer Office of the Paying Agent/Registrar. (e) If the date for the payment of the principal of or interest on the Certificates shall be a Saturday, Sunday, legal holiday, or day on which banking institutions in the city where the Designated Payment/Transfer Office of the paying Agent/Registrar is located are required or authorized by law or executive order to close, then the date for such payment shall be the next succeeding day which is not a Saturday, Sunday, legal holiday, or day on which banking institutions are required or authorized to close, and payment on such date shall have the same force and effect as if made on the original date payment was due and no additional interest shall be due by reason of nonpayment on the date on which such payment is otherwise stated to be due and payable. (f) Unclaimed Payments shall be segregated in a special escrow account and held in trust, uninvested by the Paying Agent/Registrar, for the account of the Owners of the Certificates to which the Unclaimed Payments pertain. Subject to Title 6 of the Texas Property Code, 38 -9- Unclaimed Payments remaining unclaimed by the Owners entitled thereto for three years after the applicable payment or redemption date shall be applied to the next payment or payments on the Certificates thereafter coming due and, to the extent any such money remains after the retirement of all outstanding Certificates, shall be paid to the Town to be used for any lawful purpose. Thereafter, neither the Town, the Paying Agent/Registrar, nor any other person shall be liable or responsible to any Owners of such Certificates for any further payment of such unclaimed moneys or on account of any such Certificates, subject to Title 6 of the Texas Property Code. Section 3.4. Execution and Registration of Certificates. (a) The Certificates shall be executed on behalf of the Town by the Mayor and the Town Secretary, by their manual or facsimile signatures, and the official seal of the Town shall be impressed or placed in facsimile thereon. Such facsimile signatures on the Certificates shall have the same effect as if each of the Certificates had been signed manually and in person by each of said officers, and such facsimile seal on the Certificates shall have the same effect as if the official seal of the Town had been manually impressed upon each of the Certificates. (b) In the event that any officer of the Town whose manual or facsimile signature appears on the Certificates ceases to be such officer before the authentication of such Certificates or before the delivery thereof, such manual or facsimile signature nevertheless shall be valid and sufficient for all purposes as if such officer had remained in such office. (c) Except as provided below, no Certificate shall be valid or obligatory for any purpose or be entitled to any security or benefit of this Ordinance unless and until there appears thereon the Certificate of Paying Agent/Registrar substantially in the form provided herein, duly authenticated by manual execution by an officer or duly authorized signatory of the Paying Agent/Registrar. It shall not be required that the same officer or authorized signatory of the Paying Agent/Registrar sign the Certificate of Paying Agent/Registrar on all of the Certificates. In lieu of the executed Certificate of Paying Agent/Registrar described above, the Initial Certificate delivered at the Closing Date shall have attached thereto the Comptroller’s Registration Certificate substantially in the form provided herein, manually executed by the Comptroller of Public Accounts of the State of Texas, or by his duly authorized agent, which Certificate shall be evidence that the Certificate has been duly approved by the Attorney General of the State of Texas, that it is a valid and binding obligation of the Town, and that it has been registered by the Comptroller of Public Accounts of the State of Texas. (d) On the Closing Date, one initial Certificate (the “Initial Certificate”) representing the entire principal amount of all Certificates, payable in stated installments to the initial purchaser, or its designee, executed by the Mayor and Town Secretary of the Town, approved by the Attorney General, and registered and manually signed by the Comptroller of Public Accounts, will be delivered to the initial purchaser or its designee. Upon payment for the Initial Certificate, the Paying Agent/Registrar shall cancel the Initial Certificate and deliver to DTC on behalf of the initial purchaser one registered definitive Certificate for each year of maturity of the Certificates in the aggregate principal amount of all Certificates for such maturity, registered in the name of Cede & Co., as nominee of DTC. 39 -10- Section 3.5. Ownership. (a) The Town, the Paying Agent/Registrar, and any other person may treat the person in whose name any Certificate is registered as the absolute owner of such Certificate for the purpose of making and receiving payment as herein provided (except interest shall be paid to the person in whose name such Certificate is registered on the Record Date or Special Record Date, as applicable), and for all other purposes, whether or not such Certificate is overdue, and neither the Town nor the Paying Agent/Registrar shall be bound by any notice or knowledge to the contrary. (b) All payments made to the Owner of a Certificate shall be valid and effectual and shall discharge the liability of the Town and the Paying Agent/Registrar upon such Certificate to the extent of the sums paid. Section 3.6. Registration, Transfer, and Exchange. (a) So long as any Certificates remain outstanding, the Town shall cause the Paying Agent/Registrar to keep at the Designated Payment/Transfer Office a register (the “Register”) in which, subject to such reasonable regulations as it may prescribe, the Paying Agent/Registrar shall provide for the registration and transfer of Certificates in accordance with this Ordinance. (b) The ownership of a Certificate may be transferred only upon the presentation and surrender of the Certificate at the Designated Payment/Transfer Office of the Paying Agent/Registrar with such endorsement or other evidence of transfer as is acceptable to the Paying Agent/Registrar. No transfer of any Certificate shall be effective until entered in the Register. (c) The Certificates shall be exchangeable upon the presentation and surrender thereof at the Designated Payment/Transfer Office of the Paying Agent/Registrar for a Certificate or Certificates of the same maturity and interest rate and in a denomination or denominations of any integral multiple of $5,000, and in an aggregate principal amount equal to the unpaid principal amount of the Certificates presented for exchange. The Paying Agent/Registrar is hereby authorized to authenticate and deliver Certificates exchanged for other Certificates in accordance with this Section. (d) Each exchange Certificate delivered by the Paying Agent/Registrar in accordance with this Section shall constitute an original contractual obligation of the Town and shall be entitled to the benefits and security of this Ordinance to the same extent as the Certificate or Certificates in lieu of which such exchange Certificate is delivered. (e) No service charge shall be made to the Owner for the initial registration, subsequent transfer, or exchange for a different denomination of any of the Certificates. The Paying Agent/Registrar, however, may require the Owner to pay a sum sufficient to cover any tax or other governmental charge that is authorized to be imposed in connection with the registration, transfer, or exchange of a Certificate. (f) Neither the Town nor the Paying Agent/Registrar shall be required to issue, transfer or exchange any Certificate called for redemption, in whole or in part, within 45 calendar days 40 -11- prior to the date fixed for redemption; provided, however, such limitation shall not be applicable to an exchange by the Owner of the uncalled principal balance of a Certificate. Section 3.7. Cancellation. All Certificates paid or redeemed before scheduled maturity in accordance with this Ordinance, and all Certificates in lieu of which exchange Certificates or replacement Certificates are authenticated and delivered in accordance with this Ordinance, shall be canceled and proper records made regarding such payment, redemption, exchange, or replacement. The Paying Agent/Registrar shall then return such canceled Certificates to the Town or may in accordance with law dispose of such cancelled Certificates. Section 3.8. Temporary Certificates. (a) Following the delivery and registration of the Initial Certificate and pending the preparation of definitive Certificates, the proper officers of the Town may execute and, upon the Town’s request, the Paying Agent/Registrar shall authenticate and deliver, one or more temporary Certificates that are printed, lithographed, typewritten, mimeographed, or otherwise produced, in any denomination, substantially of the tenor of the definitive Certificates in lieu of which they are delivered, without coupons, and with such appropriate insertions, omissions, substitutions, and other variations as the officers of the Town executing such temporary Certificates may determine, as evidenced by their signing of such temporary Certificates. (b) Until exchanged for Certificates in definitive form, such Certificates in temporary form shall be entitled to the benefit and security of this Ordinance. (c) The Town, without unreasonable delay, shall prepare, execute and deliver to the Paying Agent/Registrar the Certificates in definitive form; thereupon, upon the presentation and surrender of the Certificate or Certificates in temporary form to the Paying Agent/Registrar, the Paying Agent/Registrar shall cancel the Certificates in temporary form and shall authenticate and deliver in exchange therefor a Certificate or Certificates of the same maturity and series, in definitive form, in the authorized denomination, and in the same aggregate principal amount, as the Certificate or Certificates in temporary form surrendered. Such exchange shall be made without the making of any charge therefor to any Owner. Section 3.9. Replacement Certificates. (a) Upon the presentation and surrender to the Paying Agent/Registrar of a mutilated Certificate, the Paying Agent/Registrar shall authenticate and deliver in exchange therefor a replacement Certificate of like tenor and principal amount, bearing a number not contemporaneously outstanding. The Town or the Paying Agent/Registrar may require the Owner of such Certificate to pay a sum sufficient to cover any tax or other governmental charge that is authorized to be imposed in connection therewith and any other expenses connected therewith. (b) In the event that any Certificate is lost, apparently destroyed or wrongfully taken, the Paying Agent/ Registrar, pursuant to the applicable laws of the State of Texas and in the absence of notice or knowledge that such Certificate has been acquired by a bona fide purchaser, 41 -12- shall authenticate and deliver a replacement Certificate of like tenor and principal amount, bearing a number not contemporaneously outstanding, provided that the Owner first complies with the following requirements: (i) furnishes to the Paying Agent/Registrar satisfactory evidence of his or her ownership of and the circumstances of the loss, destruction, or theft of such Certificate; (ii) furnishes such security or indemnity as may be required by the Paying Agent/Registrar to save it and the Town harmless; (iii) pays all expenses and charges in connection therewith, including, but not limited to, printing costs, legal fees, fees of the Paying Agent/Registrar, and any tax or other governmental charge that is authorized to be imposed; and (iv) satisfies any other reasonable requirements imposed by the Town and the Paying Agent/Registrar. (c) If, after the delivery of such replacement Certificate, a bona fide purchaser of the original Certificate in lieu of which such replacement Certificate was issued presents for payment such original Certificate, the Town and the Paying Agent/Registrar shall be entitled to recover such replacement Certificate from the person to whom it was delivered or any person taking therefrom, except a bona fide purchaser, and shall be entitled to recover upon the security or indemnity provided therefor to the extent of any loss, damage, cost, or expense incurred by the Town or the Paying Agent/Registrar in connection therewith. (d) In the event that any such mutilated, lost, apparently destroyed, or wrongfully taken Certificate has become or is about to become due and payable, the Paying Agent/Registrar, in its discretion, instead of issuing a replacement Certificate, may pay such Certificate when it becomes due and payable. (e) Each replacement Certificate delivered in accordance with this Section shall constitute an original additional contractual obligation of the Town and shall be entitled to the benefits and security of this Ordinance to the same extent as the Certificate or Certificates in lieu of which such replacement Certificate is delivered. Section 3.10. Book-Entry-Only System. (a) Notwithstanding any other provision hereof, upon initial issuance of the Certificates, the Certificates shall be registered in the name of Cede & Co., as nominee of DTC. The definitive Certificates shall be initially issued in the form of a single separate certificate for each of the maturities thereof. (b) With respect to Certificates registered in the name of Cede & Co., as nominee of DTC, the Town and the Paying Agent/Registrar shall have no responsibility or obligation to any DTC Participant or to any person on behalf of whom such a DTC Participant holds an interest in the Certificates. Without limiting the immediately preceding sentence, the Town and the Paying Agent/Registrar shall have no responsibility or obligation with respect to (i) the accuracy of the 42 -13- records of DTC, Cede & Co. or any DTC Participant with respect to any ownership interest in the Certificates, (ii) the delivery to any DTC Participant or any other person, other than an Owner, as shown on the Register, of any notice with respect to the Certificates, including any notice of redemption, or (iii) the payment to any DTC Participant or any other person, other than an Owner, as shown in the Register of any amount with respect to principal of, premium, if any, or interest on the Certificates. Notwithstanding any other provision of this Ordinance to the contrary, the Town and the Paying Agent/Registrar shall be entitled to treat and consider the person in whose name each Certificate is registered in the Register as the absolute owner of such Certificate for the purpose of payment of principal of, premium, if any, and interest on Certificates, for the purpose of giving notices of redemption and other matters with respect to such Certificate, for the purpose of registering transfer with respect to such Certificate, and for all other purposes whatsoever. The Paying Agent/Registrar shall pay all principal of, premium, if any, and interest on the Certificates only to or upon the order of the respective Owners as shown in the Register, as provided in this Ordinance, or their respective attorneys duly authorized in writing, and all such payments shall be valid and effective to fully satisfy and discharge the Town’s obligations with respect to payment of, premium, if any, and interest on the Certificates to the extent of the sum or sums so paid. No person other than an Owner, as shown in the Register, shall receive a certificate evidencing the obligation of the Town to make payments of amounts due pursuant to this Ordinance. Upon delivery by DTC to the Paying Agent/Registrar of written notice to the effect that DTC has determined to substitute a new nominee in place of Cede & Co., the word “Cede & Co.” in this Ordinance shall refer to such new nominee of DTC. (c) The Representations Letter previously executed and delivered by the Town, and applicable to the Town’s obligations delivered in book-entry-only form to DTC as securities depository, is hereby ratified and approved for the Certificates. Section 3.11. Successor Securities Depository; Transfer Outside Book-Entry-Only System. In the event that the Town or the Paying Agent/Registrar determines that DTC is incapable of discharging its responsibilities described herein and in the Representations Letter of the Town to DTC, and that it is in the best interest of the Town and the beneficial owners of the Certificates that they be able to obtain certificated Certificates, or in the event DTC discontinues the services described herein, the Town shall (i) appoint a successor securities depository, qualified to act as such under Section 17(a) of the Securities and Exchange Act of 1934, as amended, notify DTC and DTC Participants of the appointment of such successor securities depository and transfer one or more separate Certificates to such successor securities depository; or (ii) notify DTC and DTC Participants of the availability through DTC of certificated Certificates and cause the Paying Agent/Registrar to transfer one or more separate registered Certificates to DTC Participants having Certificates credited to their DTC accounts. In such event, the Certificates shall no longer be restricted to being registered in the Register in the name of Cede & Co., as nominee of DTC, but may be registered in the name of the successor securities depository, or its nominee, or in whatever name or names Owners transferring or exchanging Certificates shall designate, in accordance with the provisions of this Ordinance. 43 -14- Section 3.12. Payments to Cede & Co. Notwithstanding any other provision of this Ordinance to the contrary, so long as the Certificates are registered in the name of Cede & Co., as nominee of DTC, all payments with respect to principal of, premium, if any, and interest on such Certificates, and all notices with respect to such Certificates shall be made and given, respectively, in the manner provided in the Representations Letter of the Town to DTC. ARTICLE IV REDEMPTION OF CERTIFICATES BEFORE MATURITY Section 4.1. Limitation on Redemption. The Certificates shall be subject to redemption before scheduled maturity only as provided in this Article IV. Section 4.2. Optional Redemption. (a) The Town reserves the option to redeem Certificates maturing on and after March 1, 2033 in whole or any part, before their respective scheduled maturity dates, on March 1, 2032 or on any date thereafter, such redemption date or dates to be fixed by the Town, at a price equal to the principal amount of the Certificates called for redemption plus accrued interest to the date fixed for redemption. (b) If less than all of the Certificates are to be redeemed pursuant to an optional redemption, the Town shall determine the maturity or maturities and the amounts thereof to be redeemed and shall direct the Paying Agent/Registrar to call by lot the Certificates, or portions thereof, within such maturity or maturities and in such principal amounts for redemption. (c) The Town, at least 45 days before the redemption date, unless a shorter period shall be satisfactory to the Paying Agent/Registrar, shall notify the Paying Agent/Registrar of such redemption date and of the principal amount of Certificates to be redeemed. Section 4.3. Mandatory Sinking Fund Redemption. (a) The Certificates maturing on March 1, in the years 20__, 20__, 20__, 2039 and 20__, (the “Term Certificates”) are subject to scheduled mandatory redemption and will be redeemed by the Town, in part at a price equal to the principal amount thereof, without premium, plus accrued interest to the redemption date, out of moneys available for such purpose in the Interest and Sinking Fund, on the dates and in the respective principal amounts as set forth below. $_________ Term Certificates Maturing March 1, 20__ Redemption Date Redemption Amount March 1, 20__$ March 1, 20__* *maturity 44 -15- $_________ Term Certificates Maturing March 1, 20__ Redemption Date Redemption Amount March 1, 20__ March 1, 20__* *maturity $_________ Term Certificates Maturing March 1, 20__ Redemption Date Redemption Amount March 1, 20__ March 1, 20__* *maturity $_________ Term Certificates Maturing March 1, 20__ Redemption Date Redemption Amount March 1, 20__ March 1, 20__* *maturity $_________ Term Certificates Maturing March 1, 20__ Redemption Date Redemption Amount March 1, 20__ March 1, 20__* *maturity (b) At least forty-five (45) days prior to each scheduled mandatory redemption date, the Paying Agent/Registrar shall select for redemption by lot, or by any other customary method that results in a random selection, a principal amount of Term Certificates equal to the aggregate principal amount of such Term Certificates to be redeemed, shall call such Term Certificates for redemption on such scheduled mandatory redemption date, and shall give notice of such redemption, as provided in Section 4.05. (c) The principal amount of the Term Certificates required to be redeemed on any redemption date pursuant to subparagraph (a) of this Section 4.03 shall be reduced, at the option of the Town, by the principal amount of any Term Certificates which, at least 45 days prior to the mandatory sinking fund redemption date (i) shall have been acquired by the Town at a price not exceeding the principal amount of such Term Certificates plus accrued interest to the date of purchase thereof, and delivered to the Paying Agent/Registrar for cancellation, or (ii) shall have been redeemed pursuant to the optional redemption provisions hereof and not previously credited to a mandatory sinking fund redemption. 45 -16- Section 4.4. Partial Redemption. (a) A portion of a single Certificate of a denomination greater than $5,000 may be redeemed, but only in a principal amount equal to $5,000 or any integral multiple thereof. If such a Certificate is to be partially redeemed, the Paying Agent/Registrar shall treat each $5,000 portion of the Certificate as though it were a single Certificate for purposes of selection for redemption. (b) Upon surrender of any Certificate for redemption in part, the Paying Agent/Registrar, in accordance with Section 3.06 of this Ordinance, shall authenticate and deliver an exchange Certificate or Certificates in an aggregate principal amount equal to the unredeemed portion of the Certificate so surrendered, such exchange being without charge. (c) The Paying Agent/Registrar shall promptly notify the Town in writing of the principal amount to be redeemed of any Certificate as to which only a portion thereof is to be redeemed. Section 4.5. Notice of Redemption to Owners. (a) The Paying Agent/Registrar shall give notice of any redemption of Certificates by sending notice by first class United States mail, postage prepaid, not less than 30 days before the date fixed for redemption, to the Owner of each Certificate (or part thereof) to be redeemed, at the address shown on the Register at the close of business on the Business Day next preceding the date of mailing such notice. (b) The notice shall state the redemption date, the redemption price, the place at which the Certificates are to be surrendered for payment, and, if less than all the Certificates outstanding are to be redeemed, an identification of the Certificates or portions thereof to be redeemed. (c) Any notice given as provided in this Section shall be conclusively presumed to have been duly given, whether or not the Owner receives such notice. Section 4.6. Payment Upon Redemption. (a) Before or on each redemption date, the Town shall deposit with the Paying Agent/Registrar money sufficient to pay all amounts due on the redemption date and the Paying Agent/Registrar shall make provision for the payment of the Certificates to be redeemed on such date by setting aside and holding in trust such amounts as are received by the Paying Agent/Registrar from the Town and shall use such funds solely for the purpose of paying the principal of, redemption premium, if any, and accrued interest on the Certificates being redeemed. (b) Upon presentation and surrender of any Certificate called for redemption at the Designated Payment/Transfer Office of the Paying Agent/Registrar on or after the date fixed for redemption, the Paying Agent/Registrar shall pay the principal of, redemption premium, if any, and accrued interest on such Certificate to the date of redemption from the money set aside for such purpose. 46 -17- Section 4.7. Effect of Redemption. (a) Notice of redemption having been given as provided in Section 4.05 of this Ordinance, the Certificates or portions thereof called for redemption shall become due and payable on the date fixed for redemption and, unless the Town defaults in its obligation to make provision for the payment of the principal thereof, redemption premium, if any, or accrued interest thereon, such Certificates or portions thereof shall cease to bear interest from and after the date fixed for redemption, whether or not such Certificates are presented and surrendered for payment on such date. (b) If the Town shall fail to make provision for payment of all sums due on a redemption date, then any Certificate or portion thereof called for redemption shall continue to bear interest at the rate stated on the Certificate until due provision is made for the payment of same by the Town. Section 4.8. Conditional Notice of Redemption. The Town reserves the right to give notice of its election or direction to redeem Bonds conditioned upon the occurrence of subsequent events. Such notice may state (i) that the redemption is conditioned upon the deposit of moneys and/or authorized securities, in an amount equal to the amount necessary to effect the redemption, with the Paying Agent/Registrar, or such other entity as may be authorized by law, no later than the redemption date, or (ii) that the Town retains the right to rescind such notice at any time on or prior to the scheduled redemption date if the Town delivers a certificate of the Town to the Paying Agent/Registrar instructing the Paying Agent/Registrar to rescind the redemption notice and such notice and redemption shall be of no effect if such moneys and/or authorized securities are not so deposited or if the notice is rescinded. The Paying Agent/Registrar shall give prompt notice of any such rescission of a conditional notice of redemption to the affected Owners. Any Bonds subject to conditional redemption and such redemption has been rescinded shall remain Outstanding and the rescission of such redemption shall not constitute an event of default. Further, in the case of a conditional notice of redemption, the failure of the Town to make moneys and or authorized securities available in part or in whole on or before the redemption date shall not constitute an event of default. Section 4.9. Lapse of Payment. Money set aside for the redemption of Certificates and remaining unclaimed by the Owners of such Certificates shall be subject to the provisions of Section 3.03(f) hereof. ARTICLE V PAYING AGENT/REGISTRAR Section 5.1. Appointment of Initial Paying Agent/Registrar. BOKF, N.A., is hereby appointed as the initial Paying Agent/Registrar for the Certificates. 47 -18- Section 5.2. Qualifications. Each Paying Agent/Registrar shall be a commercial bank, a trust company organized under the laws of the State of Texas, or other entity duly qualified and legally authorized to serve as and perform the duties and services of paying agent and registrar for the Certificates. Section 5.3. Maintaining Paying Agent/Registrar. (a) At all times while any of the Certificates are outstanding, the Town will maintain a Paying Agent/Registrar that is qualified under Section 5.02 of this Ordinance. The Mayor is hereby authorized and directed to execute an agreement with the Paying Agent/Registrar specifying the duties and responsibilities of the Town and the Paying Agent/Registrar in substantially the form presented at this meeting, such form of agreement being hereby approved. The signature of the Mayor shall be attested by the Town Secretary of the Town. (b) If the Paying Agent/Registrar resigns or otherwise ceases to serve as such, the Town will promptly appoint a replacement. Section 5.4. Termination. The Town, upon not less than sixty (60) days’ notice, reserves the right to terminate the appointment of any Paying Agent/Registrar by delivering to the entity whose appointment is to be terminated written notice of such termination. Section 5.5. Notice of Change to Owners. Promptly upon each change in the entity serving as Paying Agent/Registrar, the Town will cause notice of the change to be sent to each Owner by first class United States mail, postage prepaid, at the address thereof in the Register, stating the effective date of the change and the name and mailing address of the replacement Paying Agent/Registrar. Section 5.6. Agreement to Perform Duties and Functions. By accepting the appointment as Paying Agent/Registrar and executing the Paying Agent/Registrar Agreement, the Paying Agent/Registrar is deemed to have agreed to the provisions of this Ordinance and that it will perform the duties and functions of Paying Agent/Registrar prescribed thereby. Section 5.7. Delivery of Records to Successor. If a Paying Agent/Registrar is replaced, such Paying Agent/Registrar, promptly upon the appointment of the successor, will deliver the Register (or a copy thereof) and all other pertinent books and records relating to the Certificates to the successor Paying Agent/Registrar. 48 -19- ARTICLE VI FORM OF THE CERTIFICATES Section 6.1. Form Generally. (a) The Certificates, including the Registration Certificate of the Comptroller of Public Accounts of the State of Texas, the Certificate of the Paying Agent/Registrar, and the Assignment form to appear on each of the Certificates, (i) shall be substantially in the form set forth in this Article, with such appropriate insertions, omissions, substitutions, and other variations as are permitted or required by this Ordinance, and (ii) may have such letters, numbers, or other marks of identification (including identifying numbers and letters of the Committee on Uniform Securities Identification Procedures of the American Bankers Association) and such legends and endorsements (including any reproduction of an opinion of counsel) thereon as, consistently herewith, may be determined by the Town or by the officers executing such Certificates, as evidenced by their execution thereof. (b) Any portion of the text of any Certificates may be set forth on the reverse side thereof, with an appropriate reference thereto on the face of the Certificates. (c) The definitive Certificates, if any, shall be typewritten, photocopied, printed, lithographed, or engraved, and may be produced by any combination of these methods or produced in any other similar manner, all as determined by the officers executing such Certificates, as evidenced by their execution thereof. (d) The Initial Certificate submitted to the Attorney General of the State of Texas may be typewritten and photocopied or otherwise reproduced. Section 6.2. Form of the Certificates. The form of the Certificates, including the form of the Registration Certificate of the Comptroller of Public Accounts of the State of Texas, the form of Certificate of the Paying Agent/Registrar and the form of Assignment appearing on the Certificates, shall be substantially as follows: 49 -20- (a) Form of Certificate. REGISTERED No. _________REGISTERED $_________ United States of America State of Texas Counties of Tarrant and Denton TOWN OF TROPHY CLUB, TEXAS COMBINATION TAX AND REVENUE CERTIFICATE OF OBLIGATION SERIES 2023 INTEREST RATE:MATURITY DATE:DATED DATE:CUSIP NUMBER: ______%September 1, ____August 15, 2023 ______ ___ The Town of Trophy Club (the “Town”), in the Counties of Tarrant and Denton, State of Texas, for value received, hereby promises to pay to _____________________________ or registered assigns, on the Maturity Date specified above, the sum of _______________________ DOLLARS unless this Certificate shall have been sooner called for redemption and the payment of the principal hereof shall have been provided for, and to pay interest on such principal amount from the later of Dated Date specified above or the most recent interest payment date to which interest has been paid or provided for until payment of such principal amount has been provided for, at the per annum rate of interest specified above, computed on the basis of a 360-day year of twelve 30- day months, such interest to be paid semiannually on March 1 and September 1 of each year, commencing March 1, 2022. The principal of this Certificate shall be payable without exchange or collection charges in lawful money of the United States of America upon presentation and surrender of BOKF, N.A. Dallas, Texas, as Paying Agent/Registrar (the “Designated Payment/Transfer Office”), or, with respect to a successor paying agent/registrar, at the Designated Payment/Transfer Office of such successor Paying Agent/Registrar. Interest on this Certificate is payable by check dated as of the interest payment date, and will be mailed by the Paying Agent/Registrar to the registered owner at the address shown on the registration books kept by the Paying Agent/Registrar or by such other customary banking arrangement acceptable to the Paying Agent/Registrar and the registered owner; provided, however, such registered owner shall bear all risk and expenses of such customary banking arrangement. At the option of an Owner of at least $1,000,000 principal amount of the Certificates, interest may be paid by wire transfer to the bank account of such Owner on file with the Paying Agent/Registrar. For the purpose of the payment of interest on this Certificate, the 50 -21- registered owner shall be the person in whose name this Certificate is registered at the close of business on the “Record Date,” which shall be the fifteenth day of the month next preceding such interest payment date; provided, however, that in the event of nonpayment of interest on a scheduled payment date and for 30 days thereafter, a new record date for such interest payment (a “Special Record Date”) shall be established by the Paying Agent/Registrar, if and when funds for the payment of such interest have been received from the Town. Notice of the Special Record Date and of the scheduled payment date of the past due interest (the “Special Payment Date,” which date shall be 15 days after the Special Record Date) shall be sent at least five business days prior to the Special Record Date by United States mail, first class, postage prepaid, to the address of each Owner of a Certificate appearing on the books of the Paying Agent/Registrar at the close of business on the last business day next preceding the date of mailing of such notice. If the date for the payment of the principal of or interest on this Certificate shall be a Saturday, Sunday, legal holiday, or day on which banking institutions in the city where the Designated Payment/Transfer Office of the Paying Agent/Registrar is located are required or authorized by law or executive order to close, the date for such payment shall be the next succeeding day that is not a Saturday, Sunday, legal holiday, or day on which banking institutions are required or authorized to close, and payment on such date shall have the same force and effect as if made on the original date payment was due and no additional interest shall be due by reason of nonpayment on the date on which such payment is otherwise stated to be due and payable. This Certificate is one of a series of fully registered certificates specified in the title hereof dated August 15, 2023 and issued in the aggregate principal amount of $__________________ (herein referred to as the “Certificates”), issued pursuant to a certain ordinance of the Town (the “Ordinance”) for the purpose of paying contractual obligations to be incurred for authorized public improvements (the “Project”) as described in the Ordinance, and to pay the contractual obligations for professional services of attorneys, financial advisors and other professionals in connection with the Project and the issuance of the Certificates. The Certificates and the interest thereon are payable from the levy of a direct and continuing ad valorem tax within the limits prescribed by law, against all taxable property in the Town and from a pledge of certain Surplus Revenues (not to exceed $1,000) of the Town’s municipal drainage utility system, all as described and provided for in the Ordinance. The Town has reserved the option to redeem the Certificates maturing on or after March 1, 2033, in whole or in part, before their respective scheduled maturity dates, on March 1, 2032, or on any date thereafter, at a price equal to the principal amount of the Certificates so called for redemption plus accrued interest to the date fixed for redemption. If less than all of the Certificates are to be redeemed, the Town shall determine the maturity or maturities and the amounts thereof to be redeemed and shall direct the Paying Agent/Registrar to call by lot or other customary method that results in a random selection the Certificates, or portions thereof, within such maturity and in such principal amounts, for redemption. The Certificates maturing March 1, in the years 20__, 20__, 20__, 20__ and 20__, (the “Term Certificates”) are subject to scheduled mandatory redemption and will be redeemed by the Town, in part at a price equal to the principal amount thereof, without premium, plus accrued 51 -22- interest to the redemption date, out of moneys available for such purpose in the Interest and Sinking Fund, on the dates and in the respective principal amounts as set forth below. $_________ Term Certificates Maturing March 1, 20__ Redemption Date Redemption Amount March 1, 20__ March 1, 20__* *maturity $_________ Term Certificates Maturing March 1, 20__ Redemption Date Redemption Amount March 1, 20__ March 1, 20__* *maturity $_________ Term Certificates Maturing March 1, 20__ Redemption Date Redemption Amount March 1, 20__ March 1, 20__* *maturity $_________ Term Certificates Maturing March 1, 20__ Redemption Date Redemption Amount March 1, 20__ March 1, 20__* *maturity $_________ Term Certificates Maturing March 1, 20__ Redemption Date Redemption Amount March 1, 20__ March 1, 20__* *maturity At least forty-five (45) days prior to each scheduled mandatory redemption date, the Paying Agent/Registrar shall select for redemption by lot, or by any other customary method that results in a random selection, a principal amount of Term Certificates equal to the aggregate principal amount of such Term Certificates to be redeemed, shall call such Term Certificates for redemption 52 -23- on such scheduled mandatory redemption date, and shall give notice of such redemption, as provided in the Ordinance. In lieu of calling the Term Certificates described above, for mandatory redemption, the Town reserves the right to purchase such Term Certificates at a price not exceeding the principal amount thereof, plus accrued interest, with (a) moneys on deposit in the Interest and Sinking Fund which are available for the mandatory redemption of such Term Certificates or (b) other lawfully available funds. Upon any such purchase in lieu of redemption, not less than five (5) days prior to a mandatory redemption date, the Town shall deliver such Term Certificates to the Paying Agent/Registrar prior to the selection of the Term Certificates for redemption and the principal amount so delivered shall be credited against the amount required to be called for redemption in that year. Notice of such redemption or redemptions shall be given by first class mail, postage prepaid, not less than 30 days before the date fixed for redemption, to the registered owner of each of the Certificates to be redeemed in whole or in part. Notice having been so given, the Certificates or portions thereof designated for redemption shall become due and payable on the redemption date specified in such notice; from and after such date, notwithstanding that any of the Certificates or portions thereof so called for redemption shall not have been surrendered for payment, interest on such Certificates or portions thereof shall cease to accrue. The Town reserves the right to give notice of its election or direction to redeem Certificates conditioned upon the occurrence of subsequent events. Such notice may state (i) that the redemption is conditioned upon the deposit of moneys and/or authorized securities, in an amount equal to the amount necessary to effect the redemption, with the Paying Agent/Registrar, or such other entity as may be authorized by law, no later than the redemption date, or (ii) that the Town retains the right to rescind such notice at any time on or prior to the scheduled redemption date if the Town delivers a certificate of the Town to the Paying Agent/Registrar instructing the Paying Agent/Registrar to rescind the redemption notice and such notice and redemption shall be of no effect if such moneys and/or authorized securities are not so deposited or if the notice is rescinded. The Paying Agent/Registrar shall give prompt notice of any such rescission of a conditional notice of redemption to the affected Owners. Any Certificates subject to conditional notice of redemption and such redemption has been rescinded shall remain Outstanding and the rescission of such redemption shall not constitute an event of default. Further, in the case of a conditional redemption, the failure of the Town to make moneys and or authorized securities available in part or in whole on or before the redemption date shall not constitute an event of default. As provided in the Ordinance, and subject to certain limitations therein set forth, this Certificate is transferable upon surrender of this Town for transfer at the Designated Payment/Transfer Office of the Paying Agent/Registrar with such endorsement or other evidence of transfer as is acceptable to the Paying Agent/Registrar; thereupon, one or more new fully registered Certificates of the same stated maturity, of authorized denominations, bearing the same rate of interest, and for the same aggregate principal amount will be issued to the designated transferee or transferees. 53 -24- Neither the Town nor the Paying Agent/Registrar shall be required to issue, transfer or exchange any Certificate called for redemption where such redemption is scheduled to occur within 45 calendar days of the date fixed for redemption; provided, however, such limitation shall not be applicable to an exchange by the registered owner of the uncalled principal balance of a Certificate. The Town, the Paying Agent/Registrar, and any other person may treat the person in whose name this Certificate is registered as the owner hereof for the purpose of receiving payment as herein provided (except interest shall be paid to the person in whose name this Certificate is registered on the Record Date, or the Special Record Date, as applicable) and for all other purposes, whether or not this Certificate be overdue, and neither the Town nor the Paying Agent/Registrar shall be affected by notice to the contrary. IT IS HEREBY CERTIFIED AND RECITED that the issuance of this Certificate and the series of which it is a part is duly authorized by law; that all acts, conditions, and things to be done precedent to and in the issuance of the Certificates have been properly done and performed and have happened in regular and due time, form, and manner as required by law; that ad valorem taxes upon all taxable property in the Town have been levied for and pledged to the payment of the debt service requirements of the Certificates within the limit prescribed by law; that, in addition to said taxes, further provisions have been made for the payment of the debt service requirements of the Certificates from a pledge of a limited amount of the Surplus Revenues, as described in the Ordinance, derived by the Town from the operation of the municipal drainage utility system in an amount limited to $1,000, that when so collected, such taxes and Surplus Revenues shall be appropriated to such purposes; and that the total indebtedness of the Town, including the Certificates, does not exceed any constitutional or statutory limitation. 54 -25- IN WITNESS WHEREOF, the Town has caused this Certificate to be executed by the manual or facsimile signature of the Mayor of the Town and countersigned by the manual or facsimile signature of the Town Secretary, and the official seal of the Town has been duly impressed or placed in facsimile on this Certificate. Mayor, Town of Trophy Club, Texas Town Secretary, Town of Trophy Club, Texas [SEAL] (b) Form of Comptroller’s Registration Certificate. The following Comptroller’s Registration Certificate may be deleted from the definitive Certificates if such certificate on the Initial Certificate is fully executed. OFFICE OF THE COMPTROLLER § OF PUBLIC ACCOUNTS § REGISTER NO. ____________ OF THE STATE OF TEXAS § I hereby certify that there is on file and of record in my office a certificate of the Attorney General of the State of Texas to the effect that this Certificate has been examined by him as required by law, that he finds that it has been issued in conformity with the Constitution and laws of the State of Texas, and that it is a valid and binding obligation of the Town of Trophy Club, Texas; and that this Certificate has this day been registered by me. Witness my hand and seal of office at Austin, Texas, _____________________. Comptroller of Public Accounts of the State of Texas (c) Form of Certificate of Paying Agent/Registrar. The following Certificate of Paying Agent/Registrar may be deleted from each Initial Certificate if the Comptroller’s Registration Certificate appears thereon. 55 -26- CERTIFICATE OF PAYING AGENT/REGISTRAR The records of the Paying Agent/Registrar show that the Initial Certificates of this series of Certificates was approved by the Attorney General of the State of Texas and registered by the Comptroller of Public Accounts of the State of Texas, and that this is one of the Certificates referred to in the within-mentioned Ordinance. BOKF, N.A., as Paying Agent/Registrar Dated: By: Authorized Signatory (d) Form of Assignment. ASSIGNMENT FOR VALUE RECEIVED, the undersigned hereby sells, assigns, and transfers unto (print or typewrite name, address and Zip Code of transferee): (Social Security or other identifying number: ____________________) the within Certificate and all rights hereunder and hereby irrevocably constitutes and appoints ____________________ attorney to transfer the within Certificate on the books kept for registration hereof, with full power of substitution in the premises. Dated: __________________ Signature Guaranteed By: ____________________________________ ____________________________________ Authorized Signatory NOTICE: The Signature on this Assignment must correspond with the name of the registered owner as it appears on the face of the within Certificate in every particular and must be guaranteed in a manner acceptable to the Paying Agent/Registrar. (e) The initial Certificate shall be in the form set forth in subsections (a) through (d) of this Section, except for the following alterations: (i) immediately under the name of the Certificate, the headings “INTEREST RATE,” and “MATURITY DATE” shall both be completed with the words “As Shown Below” and the words “CUSIP NO.” shall be deleted; (ii) in the first paragraph of the Certificate, the words “on the Maturity Date specified above, the sum of ____________________ DOLLARS” shall be deleted and the following will be inserted: “on the first day of March in the years, in the principal installments and bearing interest at the per annum rates set forth in the following schedule: 56 -27- Years Principal Amount Interest Rate (Information to be inserted from Section 3.02(c) hereof). (iii) the Initial Certificate shall be numbered T-1. Section 6.3. CUSIP Registration. The Town may secure identification numbers through the CUSIP Global Services, managed by S&P Capital IQ on behalf of the American Bankers Association, and may authorize the printing of such numbers on the face of the Certificates. It is expressly provided, however, that the presence or absence of CUSIP numbers on the Certificates shall be of no significance or effect in regard to the legality thereof and neither the Town nor the attorneys approving said Certificates as to legality are to be held responsible for CUSIP numbers incorrectly printed on the Certificates. Section 6.4. Legal Opinion. The approving legal opinion of Bracewell LLP, Bond Counsel, may be attached to or printed on the reverse side of each Certificate over the certification of the Town Secretary of the Town, which may be executed in facsimile. Section 6.5. Statement Insurance. A statement relating to a municipal bond insurance policy, if any, to be issued for the Certificates, may be printed on each Certificate. ARTICLE VII SALE AND DELIVERY OF CERTIFICATES; DEPOSIT OF PROCEEDS; FLOW OF FUNDS Section 7.1. Sale of Certificates; Official Statement. (a) The Certificates, having been duly advertised and offered for sale at competitive bid, are hereby officially sold and awarded _________________ (the “Purchaser”) for a purchase price equal to the principal amount thereof plus accrued interest of $________ and a cash premium of $_______________, being the bid which produced the lowest true interest cost to the Town. The Initial Certificate shall be registered in the name of the Purchaser or its designee. (b) The form and substance of the Preliminary Official Statement and any addenda, supplement or amendment thereto, are hereby in all respects approved and adopted and is hereby deemed final as of its date within the meaning and for the purposes of paragraph (b)(1) of Rule 15c2-12 under the Securities Exchange Act of 1934, as amended. The Mayor and Town Secretary are hereby authorized and directed to cause to be prepared a final Official Statement (the “Official Statement”) incorporating applicable pricing information pertaining to the Certificates, and to execute the same by manual or facsimile signature and deliver appropriate numbers of executed copies thereof to the Purchaser. The Official Statement as thus approved, executed and delivered, with such appropriate variations as shall be approved by the Mayor and the Purchaser, may be 57 -28- used by the Purchaser in the public offering and sale thereof. The Town Secretary is hereby authorized and directed to include and maintain a copy of the Official Statement and any addenda, supplement or amendment thereto thus approved among the permanent records of this meeting. The use and distribution of the Preliminary Official Statement, and the preliminary public offering of the Certificates by the Purchaser, is hereby ratified, approved and confirmed. (c) All officers of the Town are authorized to execute such documents, certificates and receipts as they may deem appropriate in order to consummate the delivery of the Certificates in accordance with the terms of sale therefor including, without limitation, the Purchase Contract. Further, in connection with the submission of the record of proceedings for the Certificates to the Attorney General of the State of Texas for examination and approval of such Certificates, the appropriate officer of the Town is hereby authorized and directed to issue a check of the Town payable to the Attorney General of the State of Texas as a nonrefundable examination fee in the amount required by Chapter 1202, Texas Government Code (such amount per series to be the lesser of (i) 1/10th of 1% of the principal amount of such series of the Certificates or (ii) $9,500.) (d) The obligation of the Purchaser to accept delivery of the Certificates is subject to the Purchaser being furnished with the final, approving opinion of Bracewell LLP, bond counsel for the Town, which opinion shall be dated and delivered the Closing Date. Section 7.2. Control and Delivery of Certificates. (a) The Mayor of the Town is hereby authorized to have control of the Initial Certificate and all necessary records and proceedings pertaining thereto pending investigation, examination, and approval of the Attorney General of the State of Texas, registration by the Comptroller of Public Accounts of the State of Texas and registration with, and initial exchange or transfer by, the Paying Agent/Registrar. (b) After registration by the Comptroller of Public Accounts, delivery of the Certificates shall be made to the Underwriter or a representative thereof under and subject to the general supervision and direction of the Mayor, against receipt by the Town of all amounts due to the Town under the terms of sale. (c) In the event the Mayor or Town Secretary is absent or otherwise unable to execute any document or take any action authorized herein, the Mayor Pro Tem and the Assistant Town Secretary, respectively, shall be authorized to execute such documents and take such actions, and the performance of such duties by the Mayor Pro Tem and the Assistant Town Secretary shall for the purposes of this Ordinance have the same force and effect as if such duties were performed by the Mayor and Town Secretary, respectively. Section 7.3. Deposit of Proceeds. (a)First: All amounts received on the Closing Date as accrued interest on the Certificates from the Certificate Date to the Closing Date, shall be deposited to the Interest and Sinking Fund. 58 -29- (b)Second: Proceeds of the Certificates in the amount of $__________ (including premium in the amount of $______________) shall be deposited to a special account of the Town, such moneys to be dedicated and used solely for the purposes for which the Certificates are being issued as herein provided in Section 3.01. (c)Third: Premium received on the Certificates in the amount of $_________________ shall be used to pay the cost of issuing the Certificates. To the extent any of such amount is not used for such purposes, such excess shall be deposited to the Interest and Sinking Fund. ARTICLE VIII INVESTMENTS Section 8.1. Investments. (a) Money in the Interest and Sinking Fund created by this Ordinance, at the option of the Town, may be invested in such securities or obligations as permitted under applicable law. (b) Any securities or obligations in which such money is so invested shall be kept and held in trust for the benefit of the Owners and shall be sold and the proceeds of sale shall be timely applied to the making of all payments required to be made from the fund from which the investment was made. Section 8.2. Investment Income. (a) Interest and income derived from investment of the Interest and Sinking Fund be credited to such fund. (b) Interest and income derived from investment of the funds to be deposited pursuant to Section 7.03(b) hereof shall be credited to the account where deposited until the acquisition or construction of said projects is completed and thereafter, to the extent such interest and income are present, such interest and income shall be deposited to the Interest and Sinking Fund. ARTICLE IX PARTICULAR REPRESENTATIONS AND COVENANTS Section 9.1. Payment of the Certificates. On or before each Interest Payment Date for the Certificates and while any of the Certificates are outstanding and unpaid, there shall be made available to the Paying Agent/Registrar, out of the Interest and Sinking Fund, money sufficient to pay such interest on and principal of, redemption premium, if any, and interest on the Certificates as will accrue or mature on the applicable Interest Payment Date, maturity date and, if applicable, on a date of prior redemption. 59 -30- Section 9.2. Other Representations and Covenants. (a) The Town will faithfully perform, at all times, any and all covenants, undertakings, stipulations, and provisions contained in this Ordinance and in each Certificate; the Town will promptly pay or cause to be paid the principal of, redemption premium, if any, and interest on each Certificate on the dates and at the places and manner prescribed in such Certificate; and the Town will, at the times and in the manner prescribed by this Ordinance, deposit or cause to be deposited the amounts of money specified by this Ordinance. (b) The Town is duly authorized under the laws of the State of Texas to issue the Certificates; all action on its part for the creation and issuance of the Certificates has been duly and effectively taken; and the Certificates in the hands of the Owners thereof are and will be valid and enforceable obligations of the Town in accordance with their terms. Section 9.3. Federal Income Tax Matters. (a) General. The City covenants not to take any action or omit to take any action that, if taken or omitted, would cause the interest on the Certificates to be includable in gross income for federal income tax purposes. In furtherance thereof, the City covenants to comply with sections 103 and 141 through 150 of the Code and the provisions set forth in the Federal Tax Certificate executed by the City in connection with the Certificates. (b) No Private Activity Bonds. The City covenants that it will use the proceeds of the Certificates (including investment income) and the property financed, directly or indirectly, with such proceeds so that the Certificates will not be “private activity bonds” within the meaning of section 141 of the Code. Furthermore, the City will not take a deliberate action (as defined in section 1.141-2(d)(3) of the Regulations) that causes the Certificates to be a “private activity bond” unless it takes a remedial action permitted by section 1.141-12 of the Regulations. (c) No Federal Guarantee. The City covenants not to take any action or omit to take any action that, if taken or omitted, would cause the Certificates to be “federally guaranteed” within the meaning of section 149(b) of the Code, except as permitted by section 149(b)(3) of the Code. (d) No Hedge Bonds. The City covenants not to take any action or omit to take action that, if taken or omitted, would cause the Certificates to be “hedge bonds” within the meaning of section 149(g) of the Code. (e) No Arbitrage Bonds. The City covenants that it will make such use of the proceeds of the Certificates (including investment income) and regulate the investment of such proceeds of the Certificates so that the Certificates will not be “arbitrage bonds” within the meaning of section 148(a) of the Code. (f) Required Rebate. The City covenants that, if the City does not qualify for an exception to the requirements of section 148(f) of the Code, the City will comply with the requirement that certain amounts earned by the City on the investment of the gross proceeds of the Certificates, be rebated to the United States. 60 -31- (g) Information Reporting. The City covenants to file or cause to be filed with the Secretary of the Treasury an information statement concerning the Certificates in accordance with section 149(e) of the Code. (h) Record Retention. The City covenants to retain all material records relating to the expenditure of the proceeds (including investment income) the Certificates and the use of the property financed, directly or indirectly, thereby until three years after the last Certificate is redeemed or paid at maturity (or such other period as provided by subsequent guidance issued by the Department of the Treasury) in a manner that ensures their complete access throughout such retention period. (i) Registration. If the Certificates are “registration-required bonds” under section 149(a)(2) of the Code, the Certificates will be issued in registered form. (j) Favorable Opinion of Bond Counsel. Notwithstanding the foregoing, the City will not be required to comply with any of the federal tax covenants set forth above if the City has received an opinion of nationally recognized bond counsel that such noncompliance will not adversely affect the excludability of interest on the Certificates from gross income for federal income tax purposes. (k) Continuing Compliance. Notwithstanding any other provision of this Ordinance, the City’s obligations under the federal tax covenants set forth above will survive the defeasance and discharge of the Certificates for as long as such matters are relevant to the excludability of interest on the Certificates from gross income for federal income tax purposes. (l) Official Intent. For purposes of section 1.150-2(d) of the Regulations, to the extent that an official intent to reimburse has not previously been adopted by the City, this Ordinance serves as the City’s official declaration of intent to use proceeds of the Certificates to reimburse itself from proceeds of the Certificates issued in the maximum amount authorized by this Ordinance for certain expenditures paid in connection with the projects set forth herein. Any such reimbursement will only be made (i) for an original expenditure paid no earlier than 60 days prior to the date hereof and (ii) not later than 18 months after the later of (A) the date the original expenditure is paid or (B) the date the project to which such expenditure relates is placed in service or abandoned, but in to event more than three years after the original expenditure is paid. (m) Qualified Tax-Exempt Obligations. The Town hereby designates the Certificates as “qualified tax-exempt obligations” for purposes of section 265(b) of the Code. In connection therewith, the Town represents (a) that the aggregate amount of tax-exempt obligations issued by the Town during calendar year 2021, including the Certificates, which have been designated as “qualified tax-exempt obligations” under section 265(b)(3) of the Code does not exceed $10,000,000, and (b) that the reasonably anticipated amount of its tax-exempt obligations which will be issued by the Town during calendar year 2021, including the Certificates, will not exceed $10,000,000. For purposes of this Section 9.11, the term “tax-exempt obligations” does not include “private activity bonds” within the meaning of section 141 of the Code, other than “qualified 501(c)(3) bonds” within the meaning of section 145 of the Code. In addition, for purposes of this Section 9.11, the Town includes all governmental units which are aggregate with the Town under section 265(b) of the Code. 61 -32- ARTICLE X DEFAULT AND REMEDIES Section 10.1. Events of Default. Each of the following occurrences or events for the purpose of this Ordinance is hereby declared to be an Event of Default: (i) the failure to make payment of the principal of, redemption premium, if any, or interest on any of the Certificates when the same becomes due and payable; or (ii) default in the performance or observance of any other covenant, agreement, or obligation of the Town, which default materially and adversely affects the rights of the Owners, including but not limited to their prospect or ability to be repaid in accordance with this Ordinance, and the continuation thereof for a period of sixty (60) days after notice of such default is given by any Owner to the Town. Section 10.2. Remedies for Default. (a) Upon the happening of any Event of Default, then any Owner or an authorized representative thereof, including but not limited to a trustee or trustees therefor, may proceed against the Town for the purpose of protecting and enforcing the rights of the Owners under this Ordinance by mandamus or other suit, action or special proceeding in equity or at law in any court of competent jurisdiction for any relief permitted by law, including the specific performance of any covenant or agreement contained herein, or thereby to enjoin any act or thing that may be unlawful or in violation of any right of the Owners hereunder or any combination of such remedies. (b) It is provided that all such proceedings shall be instituted and maintained for the equal benefit of all Owners of Certificates then outstanding. Section 10.3. Remedies Not Exclusive. (a) No remedy herein conferred or reserved is intended to be exclusive of any other available remedy, but each and every such remedy shall be cumulative and shall be in addition to every other remedy given hereunder or under the Certificates or now or hereafter existing at law or in equity; provided, however, that notwithstanding any other provision of this Ordinance, the right to accelerate the debt evidenced by the Certificates shall not be available as a remedy under this Ordinance. (b) The exercise of any remedy herein conferred or reserved shall not be deemed a waiver of any other available remedy. 62 -33- ARTICLE XI DISCHARGE Section 11.1. Discharge. The Certificates may be defeased, discharged or refunded in any manner permitted by applicable law. ARTICLE XII CONTINUING DISCLOSURE UNDERTAKING Section 12.1. Annual Reports. (a) The City shall provide annually to the MSRB, (1) within six months after the end of each fiscal year of the City, financial information and operating data with respect to the City of the general type included in the final Official Statement, being information described in Tables 1-3, 8, 9, 10, 12, 13 and 19, and (2) if not provided as part such financial information and operating data, audited financial statements of the City within 12 months after the end of each fiscal year, when and if available. Any financial statements so to be provided shall be (i) prepared in accordance with the accounting principles prescribed by the Generally Accepted Accounting Principles or such other accounting principles as the City may be required to employ, from time to time, by State law or regulation, and (ii) audited, if the City commissions an audit of such statements and the audit is completed within the period during which they must be provided. If the audit of such financial statements is not complete within 12 months after any such fiscal year end, then the City shall file unaudited financial statements within such 12-month period and audited financial statements for the applicable fiscal year, when and if the audit report on such statements becomes available. (b) If the City changes its fiscal year, it will notify the MSRB of the change (and of the date of the new fiscal year end) prior to the next date by which the City otherwise would be required to provide financial information and operating data pursuant to this Section. (c) The financial information and operating data to be provided pursuant to this Section may be set forth in full in one or more documents or may be included by specific referenced to any document (including an official statement or other offering document, if it is available from the MSRB) that theretofore has been provided to the MSRB or filed with the SEC. Section 12.2. Material Event Notices. (a) The Town shall notify the MSRB, in a timely manner not in excess of ten (10) Business Days after the occurrence of the event, of any of the following events with respect to the Certificates: (i) Principal and interest payment delinquencies; (ii) Non-payment related defaults, if material; (iii) Unscheduled draws on debt service reserves reflecting financial difficulties; 63 -34- (iv) Unscheduled draws on credit enhancements reflecting financial difficulties; (v) Substitution of credit or liquidity providers, or their failure to perform; (vi) Adverse tax opinions, the issuance by the Internal Revenue Service of proposed or final determinations of taxability, Notices of Proposed Issue (IRS Form 5701- TEB) or other material notices or determinations with respect to the tax status of the Certificates, or other material events affecting the tax status of the Certificates; (vii) Modifications to rights of holders of the Certificates, if material; (viii) Certificate calls, if material, and tender offers; (ix) Defeasances; (x) Release, substitution, or sale of property securing repayment of the Certificates, if material; (xi) Rating changes; (xii) Bankruptcy, insolvency, receivership or similar event of the Town; (xiii) The consummation of a merger, consolidation, or acquisition involving the Town or the sale of all or substantially all of the assets of the Town, other than in the ordinary course of business, the entry into a definitive agreement to undertake such an action or the termination of a definitive agreement relating to any such actions, other than pursuant to its terms, if material; and (xiv) Appointment of a successor Paying Agent/Registrar or change in the name of the Paying Agent/Registrar, if material. (xv) Incurrence of a Financial Obligation of the City, if material, or agreement to covenants, events of default, remedies, priority rights, or other similar terms of a Financial Obligation of the City, any of which affect security holders, if material; and (xvi) Default, event of acceleration, termination event, modification of terms, or other similar events under the terms of a Financial Obligation of the City, any of which reflect financial difficulties. Any event described in (xii), is considered to occur when any of the following occur: the appointment of a receiver, fiscal agent, or similar officer for an obligated person in a proceeding under the U.S. Bankruptcy code or in any other proceeding under state or federal law in which a court or governmental authority has assumed jurisdiction over substantially all of the assets or business of the obligated person, or if such jurisdiction has been assumed by leaving the existing governing body and officials or officers in possession but subject to the supervision and orders of a court or governmental authority, or the entry of an order confirming a plan of reorganization, arrangement, or liquidation by a court or governmental authority having supervision or jurisdiction over substantially all of the assets or business of the obligated person; and the City intends the 64 -35- words used in the immediately preceding paragraphs (xv) and (xvi) and the definition of financial obligations in those sections to have the same meanings as when they are used in rule and sec release no. 34-83885, dated August 20, 2018. (b) The Town shall provide to the MSRB, in an electronic format as prescribed by the MSRB, in a timely manner, notice of a failure by the Town to provide required annual financial information and notices of material events in accordance with Sections 12.01 and 12.02. All documents provided to the MSRB pursuant to this section shall be accompanied by identifying information as prescribed by the MSRB. Section 12.3. Limitations, Disclaimers and Amendments. (a) The Town shall be obligated to observe and perform the covenants specified in this Article for so long as, but only for so long as, the Town remains an “obligated person” with respect to the Certificates within the meaning of the Rule, except that the Town in any event will give notice of any redemption calls and any defeasances that cause the Town to be no longer an “obligated person.” (b) The provisions of this Article are for the sole benefit of the Owners and beneficial owners of the Certificates, and nothing in this Article, express or implied, shall give any benefit or any legal or equitable right, remedy, or claim hereunder to any other person. The Town undertakes to provide only the financial information, operating data, financial statements, and notices which it has expressly agreed to provide pursuant to this Article and does not hereby undertake to provide any other information that may be relevant or material to a complete presentation of the Town’s financial results, condition, or prospects or hereby undertake to update any information provided in accordance with this Article or otherwise, except as expressly provided herein. The Town does not make any representation or warranty concerning such information or its usefulness to a decision to invest in or sell Certificates at any future date. UNDER NO CIRCUMSTANCES SHALL THE TOWN BE LIABLE TO THE OWNER OR BENEFICIAL OWNER OF ANY CERTIFICATE OR ANY OTHER PERSON, IN CONTRACT OR TORT, FOR DAMAGES RESULTING IN WHOLE OR IN PART FROM ANY BREACH BY THE TOWN, WHETHER NEGLIGENT OR WITHOUT FAULT ON ITS PART, OF ANY COVENANT SPECIFIED IN THIS ARTICLE, BUT EVERY RIGHT AND REMEDY OF ANY SUCH PERSON, IN CONTRACT OR TORT, FOR OR ON ACCOUNT OF ANY SUCH BREACH SHALL BE LIMITED TO AN ACTION FOR MANDAMUS OR SPECIFIC PERFORMANCE. (c) No default by the Town in observing or performing its obligations under this Article shall constitute a breach of or default under the Ordinance for purposes of any other provisions of this Ordinance. (d) Nothing in this Article is intended or shall act to disclaim, waive, or otherwise limit the duties of the Town under federal and state securities laws. (e) The provisions of this Article may be amended by the Town from time to time to adapt to changed circumstances that arise from a change in legal requirements, a change in law, or 65 -36- a change in the identity, nature, status, or type of operations of the Town, but only if (i) the provisions of this Article, as so amended, would have permitted an underwriter to purchase or sell Certificates in the primary offering of the Certificates in compliance with the Rule, taking into account any amendments or interpretations of the Rule to the date of such amendment, as well as such changed circumstances, and (ii) either (A) the Owners of a majority in aggregate principal amount (or any greater amount required by any other provisions of this Ordinance that authorizes such an amendment) of the Outstanding Certificates consent to such amendment or (B) an entity or individual person that is unaffiliated with the Town (such as nationally recognized bond counsel) determines that such amendment will not materially impair the interests of the Owners and beneficial owners of the Certificates. If the Town so amends the provisions of this Article, it shall include with any amended financial information or operating data next provided in accordance with Section 12.01 an explanation, in narrative form, of the reasons for the amendment and of the impact of any change in type of financial information or operating data so provide. ARTICLE XIII AMENDMENTS Section 13.1. Amendments. This Ordinance shall constitute a contract with the Owners, be binding on the Town, and shall not be amended or repealed by the Town so long as any Certificate remains outstanding except as permitted in this Section. The Town may, without consent of or notice to any Owners, from time to time and at any time, amend this Ordinance in any manner not detrimental to the interests of the Owners, including the curing of any ambiguity, inconsistency, or formal defect or omission herein. In addition, the Town may, with the written consent of the Owners of the Certificates holding a majority in aggregate principal amount of the Certificates then outstanding, amend, add to, or rescind any of the provisions of this Ordinance; provided that, without the consent of all Owners of outstanding Certificates, no such amendment, addition, or rescission shall (i) extend the time or times of payment of the principal of and interest on the Certificates, reduce the principal amount thereof, the redemption price, or the rate of interest thereon, or in any other way modify the terms of payment of the principal of or interest on the Certificates, (ii) give any preference to any Certificate over any other Certificate, or (iii) reduce the aggregate principal amount of Certificates required to be held by Owners for consent to any such amendment, addition, or rescission. ARTICLE XIV MISCELLANEOUS Section 14.1. Changes to Ordinance. The Mayor and the Chief Financial Officer, in consultation with Bond Counsel, are hereby authorized to make changes to the terms of this Ordinance if necessary or desirable to carry out the purposes hereof or in connection with the approval of the issuance of the Certificates by the Attorney General of Texas. 66 -37- Section 14.2. Partial Invalidity. If any section, paragraph, clause or provision of this Ordinance shall for any reason be held to be invalid or unenforceable, the invalidity or unenforceability of such section, paragraph, clause or provision shall not affect any of the remaining provisions of the Ordinance. Section 14.3. No Personal Liability. No recourse shall be had for payment of the principal of or interest on any Certificates or for any claim based thereon, or on this Ordinance, against any official or employee of the Town or any person executing any Certificates. ARTICLE XV EFFECTIVENESS Section 15.1. Effectiveness. This Ordinance shall take effect immediately from and after its passage. 67 Signature Page for Ordinance Series 2023 Combination Tax and Revenue Certificates of Obligation APPROVED AND ADOPTED this August 14, 2023. Jeannette Tiffany, Mayor Town of Trophy Club, Texas [SEAL] ATTEST: Terri Johnson, Interim Town Secretary Town of Trophy Club, Texas 68 Page 1 of 1 To: Mayor and Town Council From: Patrick Arata, Interim Town Manager CC: Terri Johnson, Interim Town Secretary April Duvall, Finance Director Re: FY 2024 Proposed Budget Town Council Meeting, August 14, 2023 Agenda Item: Receive the FY 2024 Proposed Budget presentation and take action to set a budget hearing date. (A. Duvall). Strategic Link: Administrative & Financial Services – Exercise fiscal discipline in all Town operations. Background and Explanation: The proposed Fiscal Year 2024 budget totals $13,990,195 in General Fund expenditures. The budget decreases the existing tax rate of $0.434799 to $0.415469 while maintaining a strong level of service in the departments. The proposed tax rate is the Voter Approval Rate of $0.415469. Legal Review: Not applicable Board/Commission/or Committee Recommendation: Not applicable Staff Recommendation: Staff recommends setting the FY 2024 Proposed Budget hearing for September 11, 2023. Attachments: •FY24 Proposed Budget 69 70 Town of Trophy Club Annual Program of Services 2023 FY24 ‐ BUDGET CALENDAR IMPORTANT DATES JANUARY FEBRUARY APRIL 27 S 1 M 2 T W 4 T F S S M T W 1 T 2 F S Budget Kick‐Off APRIL 28356734 8 9 10 17 24 31 11 18 25 12 19 26 13 20 27 14 21 28 5 6 7 8 9 10 17 24 11 18 25 Preliminary Tax Roll's 15 22 29 16 23 30 12 19 26 13 20 27 14 21 28 15 22 16 23 MAY 26 Submissions back from Departments MAY 29‐31 Review Fire budget MARCH APRIL SSMTW 1 T 2 F S M T W T F S 1 JUNE 1 3 4 Draft Fire budget to MUD JUNE 12‐285678910 17 24 31 11 18 25 2 3 4 5 6 7 8 12 19 26 13 20 27 14 21 28 15 22 29 16 23 30 9 10 17 24 11 18 25 12 19 26 13 20 27 14 21 28 15 22 29 Meetings with Departments 16 23 30 JULY Meetings with Council and Staff MAY S JUNE S JULY 7 M 1 T 2 W 3 T F S M T W T 1 F 2 S Budget Sub‐Committee Meeting 4 5 6 3 JULY 21 7 8 9 10 17 24 31 11 18 25 12 19 26 13 20 27 4 5 6 7 8 9 10 17 24 Submission of Appraisal Rolls, Certify anticipated collection rate JULY 25 Adoption of CCPD Budget Adoption of EDC Budget 14 21 28 15 22 29 16 23 30 11 18 25 12 19 26 13 20 27 14 21 28 15 22 29 16 23 30 JULY S AUGUST AUGUST 14 M T W T F S 1 S M T 1 W 2 T F S File Proposed Budget with Municipal Clerk 3 4 5 Present FY24 Proposed Budget to Council, set public hearing date Set proposed (not to exceed) tax rate, set public hearing date Designated officer or employee must submit tax rates to Town Council (August 14th meeting) AUGUST 28 2 3 4 5 6 7 8 6 7 8 9 10 17 24 31 11 18 25 12 19 26 9 10 17 24 31 11 18 25 12 19 26 13 20 27 14 21 28 15 22 29 13 20 27 14 21 28 15 22 29 16 23 30 16 23 30 Presentation of the Infrastructure Service and Assessment Plan for the PID SEPTEMBER OCTOBER SEPTEMBER 11 Public hearing of the Budget Ordinance Vote on Budget Ordinance S M T W T F 1 S 2 S 1 M 2 T W 4 T F S 3 5 6 7 3 4 5 6 7 8 9 8 9 10 17 24 31 11 18 25 12 19 26 13 20 27 14 21 28 Accept and Approve Update of the Infrastructure Service and Assessment Plan for the PID Set public hearing for PID ESD tax rate Resolution to accept Annual Service and Assessment Plan update for PID SEPTEMBER 25 10 17 24 11 18 25 12 19 26 13 20 27 14 21 28 15 22 29 16 23 30 15 22 29 16 23 30 Public hearing of the Tax Rate Ordinance Vote on Tax Rate Ordinance NOVEMBER DECEMBER Resolution to approve the Tax Roll Public Hearing for PID SAP ESD Adopt PID SAP ESD S M T W 1 T 2 F S S M T W T F 1 S 234 5 6 7 8 9 10 17 24 11 18 25 3 4 5 6 7 8 9 PID Rate Change 12 19 26 13 20 27 14 21 28 15 22 29 16 23 30 10 17 24 31 11 18 25 12 19 26 13 20 27 14 21 28 15 22 29 16 23 30 1 FY24 Proposed Budget 71 Town of Trophy Club Annual Program of Services This budget will raise more total property taxes than last year's budget by $904,831 or 8.7%, and of that amount $44,835 is the tax revenue raised from new property added to the roll this year. Town of Trophy Club Tax Rates Property Tax Rate No-New-Revenue Tax Rate No-New-Revenue Maintenance and Operations Tax Rate Voter Approval Tax Rate FY 2023 FY 2024 $0.445000/$100 $0.437943/$100 $0.330055/$100 $0.471763/$100 $0.099799/$100 $0.415469/$100 $0.408580/$100 $0.309290/$100 $0.415469/$100 $0.099799/$100Debt Rate Total Amount of Municipal Debt Obligations $20,736,000 $25,719,539 Record Vote on Adopted Budget Mayor Jeannette Tiffany Yes No Council Member Stacey Bauer Council Member Jeff Beach Mayor Pro Tem Dennis Sheridan Council Member Karl Monger Council Member LuAnne Oldham Council Member Steve Flynn Record Vote on Adopted Tax Rate Mayor Jeannette Tiffany Yes No Council Member Stacey Bauer Council Member Jeff Beach Mayor Pro Tem Dennis Sheridan Council Member Karl Monger Council Member LuAnne Oldham Council Member Steve Flynn 2 FY24 Proposed Budget 72 Town of Trophy Club Annual Program of ServicesAll Funds Summary - Fiscal Year 2024 COMPONENT UNITSFY24 Tax Rate 0.415469 GOVERNMENTAL FUNDS PROPRIETARY FUNDS StormwaCapital Equipment Replacement Fund Information Services Replacement Fund Hotel Occupancy Fund Street Maintenance Sales Tax Fund Court Technology Fund Parkland Dedication Fund Debt Service Capital Projects Court Security Fund Recreation Program Fund Trophy Club Park FundGeneral Fund CCPD Fund 196,044 TIRZ #1 Grants Fund 9,886 Drainag Utility FuFundFund Beginning Fund Balance - FY22 ACFR less FY23 Exp $6,954,899 $165,869 $(912,745) $749,021 $218,873 $2,638,723 $259,253 $8,514 $50,015 $$21,550 $177,650 $(98,737) $$355,332 $872, Revenue Property Tax Licenses and Permits Franchise Fees Sales/Occupancy Tax Fines and Fees Intergovernmental (MUD) Grants 8,953,445 255,000 897,500 1,532,825 316,384 991,655 - 2,625,982 79,744 81,339 11,659,172 255,000 897,500 3,666,789 958,384 991,655 - 600,000 350,000 350,000 752,625 1,000 5,000 6,000 200,000 430,000 Charges for Service Investment Income Miscellaneous Income Contributions 875,154 160,000 161,000 875,154 195,450 171,500 - 20,000 5,000 7,500 1,500 1,000 1,750 1,200 5,000 2,500 500 Total Revenue $ 14,142,963 $2,628,482 $20,000 $-$-$612,500 $351,500 $1,000 $5,000 $351,000 $6,000 $1,750 $161,083 $-$201,200 $435, Expenditures General Government Manager's Office Town Secretary's Office Legal - 549,873 262,275 225,430 3,719,864 1,625,885 1,761,163 305,490 1,644,559 927,947 56,300 459,071 591,264 109,240 412,281 217,577 891,297 308,724 - 59,379 634,018 693,397 549,873 262,275 225,430 4,169,300 1,746,885 1,767,663 922,273 2,082,361 1,081,164 434,609 511,071 591,264 114,495 412,281 217,577 991,297 308,724 2,756,621 6,922,000 Police - 121,000 6,500 449,436 Emergency Medical Services Fire Streets Parks Recreation Community Events Community Development Finance Municipal Court Human Resources Communications Information Services Facility Maintenance Debt Service 345,318 271,465 167,500 147,217 270,302 6,000 378,309 52,000 2,755 2,500 100,000 - 2,756,213 408 Capital - Projects Total Expenditures -6,725,000 6,725,000 100,000 478,309 97,000 97,000$ 14,068,241 $ $ 2,756,213 $$494,217 $100,000 $$ $ 345,318 6,182 $ $ 2,755 $2,500 2,500 $ $ 449,436 $6,000 - $ $ $59,379 $ $ - - $ $ 270,302 $271, 163,Current Revenues to Expenditures $74,722 (127,731) $ (6,705,000) $(494,217) $(100,000) $134,191 (1,755) $(98,436) $(95,250) $101,704 (69,102) $ Other Sources (Uses): Debt Issuance -- Transfers In Excess Current Revenue 151,500 74,722 201,518 494,217 100,000 947,235 Available for Transfer to Capital 226,222 Transfers Out 594,217 (367,995) $ (367,995) $ (95,000) 95,000 229,191 20,000 (20,000) $ (13,818) $ 1,500 (1,500) $ 1,000 51,015 15,000 (15,000) $ (84,102) $ 20,000 (20, 143, (555,717) Total Other Sources (Uses) Net Increase (Decrease) Ending Fund balance $ $ $ 201,518 73,787 239,656 $ $ $ -$494,217 - 749,021 $ $ $ 100,000 - 218,873 $ $ $ $ $ $ -$-$- - $ $ $ -$- 101,704 2,967 $ $ $ - - $ $ $ (6,705,000) $ (7,617,745) $ (1,755) $ 6,759 $ $ (98,436) $ 97,608 (95,250) $ 82,4006,586,904 $2,867,914 245,435 $$$21,550 $9,886 271,230 $1,015, FY24 PROPOSED - 8/11/2023 x 3 FY24 Proposed Budget 73 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Town Manager's Office Personnel FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 PROJECTEDESTIMATE PROPOSED PROJECTED Salaries Merits Overtime Longevity Annual Stipend Certification Pay Cell Phone Stipend $654,831 $387,923 2,022 - $165,550 - $451,212 $333,934 $258,216 $263,380 268,648 -- 6,255 - - - - - - - - - - -140 1,745 - 1,962 2,375 - -1,195 2,257 4,692 - 1,745 - 3,900 983 - 1,992 ---- 983 1,200 2,160 1,860 2,203 1,860 2,247 1,8603,900 2,000 Retirement Medical Insurance Dental Insurance 98,329 41,879 2,979 300 3,157 28,490 7,648 1,753 849 79,822 41,811 3,407 360 3,646 31,234 7,304 1,260 1,055 - 68,799 33,195 1,813 271 1,315 19,842 5,715 35 1,199 - 8,401 - 3,000 77,012 40,783 3,047 316 3,319 28,240 6,605 1,008 - 55,008 32,153 1,800 231 1,181 14,700 4,552 57 1,821 - 4,750 - 46,694 20,713 1,390 280 1,765 16,009 3,744 454 1,059 - 8,400 - 47,628 21,127 1,417 285 1,800 16,330 3,819 463 1,080 - 8,400 - 48,581 21,550 1,446 291 1,836 16,656 3,895 472 1,101 - 8,400 - Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers Compensation Pre-Employment Physicals/Testing Auto Allowance - 11,831 - 10,800 450 787 8,400Employee Relations Total Personnel $860,192 $580,639 $ 312,357 $632,166 $455,160 $362,743 $369,792 $376,983 Services/Supplies Professional Outside Services Records Management Elections Lobbying Advertising $6,989 1,843 15,929 2,659 308 125 2,820 - $9,940 2,250 11,500 - 4,200 815 11,020 - 1,800 - 15,320 5,000 3,770 2,240 754 422 25,000 - $47,090 1,883 24,013 - $43,000 2,250 20,550 - 1,000 300 7,795 - 1,800 - 21,750 13,700 3,770 2,250 770 430 25,000 - $82,357 2,551 20,550 - $15,000 - $15,300 - $15,606 - - - - - - - 832 -1,000 200 5,000 - 500 - 20,000 10,000 5,000 2,000 500 430 - 1,020 204 5,100 - 510 - 20,400 10,200 5,100 2,040 510 439 - 1,040 208 5,202 - 520 - 20,808 10,404 5,202 2,081 520 447 - Printing -139 7,795 - Schools & Training Service Charges & Fees Communications/Pagers/Mobiles Equipment Maintenance Dues & Membership Travel & Per Diem Meetings Office Supplies Postage Publications/Books/Subscriptions Mayor/Council Expense Small Equipment 2,462 - 3,500 441 - - 447 - 18,777 2,426 3,618 2,019 1,074 - 17,416 1,827 593 1,880 1,055 7,102 34,405 - 21,752 13,700 3,770 2,250 811 - 22,984 58 25,000 ---- Furniture/Equipment <$5,000 Contingency Expense Miscellaneous Expense Total Services/Supplies Total Expenditures -1,000 25,000 1,000 121,031 701,670 $ 620,283 690 164,171 2,507 1,000 25,000 1,000 171,365 803,531 1,482 25,000 1,000 208,603 663,763 1,500 125,000 1,000 187,130 549,873 1,530 127,500 1,020 190,873 560,665 $ 1,561 130,050 1,040 194,690 571,673 24,950 2,717 113,237 973,429 $ $ $ $ $307,926 $ $ $ $ $ $ $ $ $ PERSONNEL SCHEDULE POSITION TITLE TOWN MANAGER FY 2023 1.00 FY 2024 0.80 15% Funded by EDC4B - 5% Funded by Hotel Occupancy Fund ASSISTANT TOWN MANAGER ADMINISTRATIVE ANALYST TOWN SECRETARY 0.00 0.00 1.00 1.00 0.00 0.00 0.00 0.00 Moved to their own department FY 2024RECORDS ANALYST ASST TO TOWN MANAGER TOTAL FTEs 1.00 4.00 1.00 1.80 4 FY24 Proposed Budget 74 Town of Trophy Club Annual Program of Services Town Secretary's Office Personnel Salaries FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 ESTIMATE PROPOSED PROJECTED PROJECTED $-$-$-$-$-$147,904 $ 150,862 153,879 -Overtime ------- Longevity Annual Stipend Certification Pay Cell Phone Stipend Retirement Medical Insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers Compensation Pre-Employment Physicals/Testing Auto Allowance - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 2,400 900 19,538 31,495 2,469 516 993 9,170 2,145 504 606 - 2,448 900 19,929 32,125 2,518 527 1,013 9,353 2,187 514 2,497 900 20,327 32,768 2,568 537 1,033 9,541 2,231 524 619 631 - - - - - - - -Employee Relations Total Personnel $-$- $-$-$-$218,640 $222,995 $227,437 Services/Supplies Professional Outside Services Records Management Elections Lobbying Advertising $-$-$-$-$-$-$-$- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 3,750 21,500 3,825 21,930 3,902 22,369 - - - - - - Printing 100 3,250 102 3,315 104 3,381Schools & Training Service Charges & Fees Communications/Pagers/Mobiles Equipment Maintenance Dues & Membership Travel & Per Diem Meetings --- 100 102 104 - 401 1,040 208 1,353 52 - 12,000 -- 385 1,000 200 1,300 393 1,020 204 1,326Office Supplies Postage 50 51 Publications/Books/Subscriptions Mayor/Council Expense Small Equipment Furniture/Equipment <$5,000 Contingency Expense Miscellaneous Expense Total Services/Supplies -- 12,000 12,000 - - - - - - - - - - 43,635 - - 44,268$-$-$ - $ -$ $ -$ $ -$ $ $$44,913 272,350Total Expenditures $-$---262,275 $267,263 $ PERSONNEL SCHEDULE FY 2023POSITION TITLE TOWN SECRETARY RECORDS ANALYST TOTAL FTEs FY 2024 1.00 1.00 Moved From Town Manager Department to their own 0.00 0.00 0.00 2.00 5 FY24 Proposed Budget 75 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026LegalESTIMATE PROPOSED PROJECTED PROJECTED Personnel Salaries $-$-$-$-$-$-$-$- Longevity -------- Stipend Retirement - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Medical Insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Total Personnel $-$-$-$-$-$-$-$- Services/Supplies Professional Outside Services Legal Notices $118,689 $126,100 $188,874 $150,000 $200,000 $225,000 $229,500 $234,090 -------- Schools & Training -------- Communications/Pagers/Mobiles Dues & Membership Travel & Per Diem - - - - - - - - - - - - - - - - - - - - - - - - - 100 - 102 - 104Office Supplies 200 200 Postage 67 - - 30 - - - 267 30 - - 30 - - 30 300 31 306 31 312Publications/Books/Subscriptions Miscellaneous Expense Total Services/Supplies Total Expenditures ---- $ $ 118,755 118,755 $ $ 126,330 126,330 $ $ 189,141 189,141 $ $ 150,230 150,230 $ $ 200,030 200,030 $ $ 225,430 225,430 $ $ 229,939 229,939 $ $ 234,537 234,537 PERSONNEL SCHEDULE POSITION TITLE TOWN ATTORNEY TOTAL FTEs FY 2023 0.00 0.00 FY 2024 0.00 0.00 6 FY24 Proposed Budget 76 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 ESTIMATE FY 2024 PROPOSED FY 2025 PROJECTED PROJECTED FY 2026Police Personnel Salaries $ 1,769,400 $ 1,918,640 $ 1,882,532 $ 1,960,171 $ 2,120,645 $ 2,262,247 $ 2,307,492 $ 2,353,642 Seasonal Merits Overtime Longevity 72,758 - 103,452 37,178 144,832 8,838 71,426 - 214,283 8,053 1,500 21,947 5,219 273,812 124,152 7,383 129,000 95,662 150,040 8,968 80,939 - 188,423 9,148 - 23,512 4,982 285,104 144,736 8,329 1,169 9,619 105,506 31,045 129,000 - 150,040 9,813 - 28,200 4,500 318,663 181,626 15,750 3,435 9,990 157,560 36,849 131,580 - 153,041 10,009 - 28,764 7,200 325,036 185,259 16,065 3,504 134,212 - 156,102 10,209 - 29,339 7,200 331,537 188,964 16,386 3,574 137,033 6,373 6,000 22,996 - 263,059 153,968 11,105 1,342 11,024 120,678 28,404 Annual Stipend Certification Cell Phone Stipend Retirement Medical Insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes -- 24,600 7,200 262,625 162,949 12,174 1,507 13,919 132,866 31,075 26,700 5,400 285,104 185,624 13,149 1,362 13,983 141,670 33,117 997 8,562 131,129 30,903 10,190 160,711 37,586 10,393 163,925 38,337 Unemployment Taxes Workers' Compensation Pre-Employment Physicals/Testing Total Personnel 11,385 30,308 750 6,552 30,219 - 754 34,345 2,083 6,552 44,534 1,500 336 130,000 1,500 6,804 122,432 1,500 6,940 124,881 1,530 7,079 127,378 1,561 $ 2,646,582 $ 2,898,626 $ 2,819,080 $ 3,102,536 $ 3,144,990 $ 3,438,409 $3,509,787 $ 3,579,839 Services & Supplies Professional Outside Services Advertising $4,313 - $-$1,000 286 $-$-$-$-$- 1,500 1,500 1,500 1,500 1,530 1,561 Legal Notices --7 ----- Printing 195 -565 ----- Abatements -------- Schools & Training Communications/Pagers/Mobiles Building Maintenance Vehicle Maintenance Equipment Maintenance Dispatch - Denton County Dues & Membership Travel & Per Diem Meetings 888 18,953 - 27,427 - 47,489 2,481 7,248 422 -790 18,198 889 42,110 - 42,439 3,588 8,977 783 ----- 17,621 17,621 17,621 17,621 17,973 18,333 - 45,000 - 42,439 4,100 10,500 - - 50,000 - 40,484 4,100 10,500 - - 50,000 - 40,484 4,100 10,500 - - 50,000 - 40,484 4,100 10,500 - - 51,000 - 41,294 4,182 10,710 - - 52,020 - 42,120 4,266 10,924 - Office Supplies Postage Publications/Books/Subscription Fuel Uniforms Protective Clothing Investigative Materials Animal Control 3,426 1,151 417 44,032 22,375 - 3,123 3,241 5,242 - - - 174 130 - - - - - - - - - - - - - - -- 94,248 23,500 - 6,000 4,750 2,500 67,745 23,237 85 8,921 1,790 5,620 95,000 26,000 - 6,000 4,750 2,500 78,486 26,000 - 6,000 4,750 2,500 95,000 26,000 - 6,000 4,750 2,500 96,900 26,520 - 6,120 4,845 2,550 98,838 27,050 - 6,242 4,942 2,601Small Equipment 7 FY24 Proposed Budget 77 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2023FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 ESTIMATE FY 2024 PROPOSED FY 2025 PROJECTED PROJECTED FY 2026PoliceAMENDED BUDGET 2,500Furniture/Equipment <$5,000 Maintenance Supplies Miscellaneous Expense Capital Outlay Programs & Special Projects Total Services/Supplies Total Expenditures - - 2,500 -2,500 2,500 - 2,000 2,550 - 2,040 2,601 - 2,081 - 2,000 - 37 2,350 6,215 -- 2,000 - 1,706 2,585 3,005 2,000 8,500 10,096 8,500 8,500 18,500 18,870 287,084 $ 292,826 19,247 $199,717 $ 265,158 $ 246,032 $ 271,455 $ 254,941 $ 281,455 $ 2,846,299 $ 3,163,784 $ 3,065,112 $ 3,373,991 $ 3,399,931 $ 3,719,864 $ 3,796,871 $ 3,872,665 $ PERSONNEL SCHEDULE POSITION TITLE POLICE CHIEF POLICE CAPTAIN LIEUTENANT CID SERGEANT POLICE SERGEANT ANIMAL CONTROL OFFICER DETECTIVE/JUVENILE INVESTIGATOR SRO POLICE OFFICER POLICE CADET CRIME ANALYST EVIDENCE CUSTODIAN/PATROL ASST SENIOR ADMINISTRATIVE ASSISTANT SEASONAL SCHOOL CROSSING GUARDS TOTAL FTEs FY 23 1.0 2.0 2.0 1.0 1.0 1.0 2.0 2.0 11.0 0.0 1.0 1.0 1.0 4.0 30.0 FY 24 1.0 2.0 1.0 0.0 3.0 1.0 2.0 2.0 12.0 0.0 1.0 1.0 1.0 4.0 31.0 8 Seasonal Crossing Guards 8 FY24 Proposed Budget 78 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Emergency Medical Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 ESTIMATE PROPOSED PROJECTED PROJECTED Personnel Salaries Part-Time Merits Overtime $695,169 49,275 - 116,040 7,343 1,875 10,177 - $728,028 50,078 13,550 84,405 7,254 $727,016 37,954 - 128,568 7,574 - 8,278 1,082 113,615 $745,734 50,000 35,337 83,580 7,607 - 10,838 900 115,753 $873,107 29,779 - 163,352 6,916 - 10,547 1,430 139,119 $950,494 50,000 - 40,303 7,441 - 11,250 1,350 130,884 $969,503 51,000 - 41,109 7,590 - 11,475 900 133,502 $988,893 52,020 - 41,931 7,742 - 11,705 900 136,172 Longevity Annual Stipend Certification Cell Phone Stipend Retirement - 11,438 1,800 110,223111,244 Medical Insurance Dental Insurance Vision Insurance 74,926 5,436 507 74,102 5,582 539 64,889 3,968 506 91,140 6,544 631 81,160 3,777 605 79,022 4,472 594 80,602 4,561 606 82,214 4,653 618 Life Insurance & Others Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Pre-Employment Physicals/Testing Total Personnel 4,511 51,644 12,082 4,847 17,868 3,938 5,635 52,084 12,182 2,394 17,816 5,960 3,213 53,569 12,560 209 20,249 5,939 5,638 53,339 12,474 2,520 19,810 - 4,141 38,964 9,881 124 55,000 5,455 3,921 61,194 14,311 2,520 58,584 - 3,999 62,418 14,598 2,570 59,756 - 4,079 63,666 14,890 2,622 60,951 - $ 1,166,882 $ 1,183,070 $ 1,189,189 $ 1,241,845 $ 1,423,358 $ 1,416,339 $ 1,444,189 $ 1,473,055 Services/Supplies Professional Outside Services Physicals & Testing Software & Support Collection Fees Hazmat Disposal Radios Schools & Training Electricity $3,314 - $1,750 - $187,170 - $1,750 - $1,750 - $1,750 7,000 11,085 - $1,785 7,000 $1,821 7,000 ---- - - -11,841 51 20,000 240 2,532 154 - 245 - 250240240240 1,339 1,249 5,530 3,734 5,033 2,373 8,091 6,019 1,000 3,946 1,135 2,250 9,205 8,400 4,000 4,510 3,000 10,265 12,919 4,582 4,020 3,406 2,138 2,135 5,853 3,318 6,032 4,093 10,659 12,943 11,392 4,021 1,780 - 1,500 9,205 8,400 4,000 4,510 3,000 10,265 12,919 4,582 5,061 3,406 - 1,500 9,205 8,400 4,000 6,232 9,595 10,265 12,919 4,582 5,061 3,406 - 1,500 9,205 8,400 4,000 4,510 3,000 12,335 12,919 4,582 5,622 3,406 11,000 5,326 750 1,530 9,389 8,568 4,080 4,600 3,060 12,582 13,177 4,674 5,734 3,474 11,220 5,433 765 1,561 9,577 8,739 4,162 4,692 3,121 12,834 13,441 4,767 5,849 3,544 11,444 5,541 780 Water Communications/Pagers/Mobiles Building Maintenance Vehicle Maintenance Equipment Maintenance Emergency Management Dispatch - Denton County Dues & Membership Flags & Repairs Travel & Per Diem Meetings 2,819 434 5,326 750 4,224 735 5,326 750 5,543 750 Safety Programs Office Supplies -2,650 600 -1,500 600 1,500 600 1,500 600 1,530 612 1,561 624411312 Postage 3 100 49 100 100 100 102 104 Publications/Books/Subscriptions Fuel Uniforms Medical Control Pharmacy 297 300 -300 300 300 306 312 3,620 7,623 19,755 4,429 1,381 - 13,265 9,645 20,658 6,500 2,000 - 6,287 9,082 20,535 4,815 1,114 - 13,265 9,645 21,278 6,695 2,060 20,000 12,154 13,265 9,645 21,278 6,695 2,060 20,000 12,154 13,265 9,645 21,598 7,030 2,060 20,000 12,518 13,530 9,838 22,030 7,171 2,101 20,400 12,768 13,801 10,035 22,471 7,314 2,143 20,808 13,024 Oxygen Safety Equipment/Protective Clothing Disposable Supplies 10,160 11,800 10,943 9 FY24 Proposed Budget 79 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Emergency Medical Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 ESTIMATE PROPOSED PROJECTED PROJECTED Small Equipment 5,474 10,800 300 2,000 8,263 64 1,654 23,046 1,500 2,000 23,046 1,500 2,000 10,800 1,500 2,000 11,016 1,530 2,000 11,236 1,561 2,000 Maintenance Supplies Miscellaneous Expense Total Services/Supplies Capital Equipment Capital Expenses Total Capital Total Expenditures - 55,814 166,875$ $ $ $175,241 $322,297 $189,057 $197,591 $209,546 $202,251 $206,116 1,262 (631) $-$-$- - $- - $- - $- - $- -50,000 50,000 39,706 39,706 $631 $$- $- $- $- $- $ 1,334,387 $ 1,408,311 $ 1,551,192 $ 1,430,902 $ 1,620,949 $ 1,625,885 $ 1,646,439 $ 1,679,170 PERSONNEL SCHEDULE POSITION TITLE FY23 0.50 0.50 1.50 4.50 0.50 1.50 0.50 6.00 15.50 FY24 0.50 0.50 1.50 4.50 0.50 1.50 0.50 6.00 15.50 FIRE CHIEF FIRE MARSHAL/DEPUTY CHIEF FIRE CAPTAIN FIREFIGHTER-PARAMEDIC FIREFIGHTER-EMT-P DRIVER/ENGINEER SENIOR ADMINISTRATIVE ASSISTANT PART TIME FF TOTAL FTEs 10 FY24 Proposed Budget 80 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026FireESTIMATE PROPOSED PROJECTED PROJECTED Personnel Salaries Part-Time Merits Overtime $697,489 $ 728,028 $ 693,010 $ 745,734 $ 867,427 $950,494 $ 969,503 $988,893 52,020 - 41,931 7,742 - 11,705 1,350 136,172 49,275 - 50,078 13,550 84,405 7,254 - 11,438 1,800 110,223 37,954 - 128,564 7,574 - 8,277 1,082 109,271 50,000 35,337 83,580 7,607 - 29,779 - 142,736 6,916 - 10,546 1,430 136,667 50,000 - 51,000 - 115,592 7,343 1,875 10,176 - 40,303 7,441 - 41,109 7,590 - Longevity Annual Stipend Certification Cell Phone Stipend Retirement 10,838 900 11,250 1,350 130,884 11,475 1,350 133,502113,794 115,753 Medical Insurance Dental Insurance Vision Insurance 76,715 5,559 513 4,633 52,773 12,338 4,993 17,868 4,078 5,074 74,102 5,581 539 5,635 52,084 12,182 2,394 17,816 5,960 8,290 64,881 3,959 498 3,195 51,451 12,057 207 20,249 4,342 4,043 91,140 6,544 631 5,638 53,339 12,474 2,520 19,810 - 80,337 3,728 592 4,096 38,956 9,874 123 19,810 5,785 2,315 82,322 8,808 1,980 3,921 61,194 14,311 2,520 58,584 - 83,968 8,984 2,020 3,999 62,418 14,598 2,570 59,756 - 85,648 9,164 2,060 4,079 63,666 14,890 2,622 60,951 - Life Insurance & Others Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Pre-Employment Physicals/Testing Tuition Reimbursement Total Personnel -7,000 7,140 7,283 $ 1,180,087 $ 1,191,359 $ 1,150,614 $ 1,241,845 $ 1,361,117 $ 1,432,360 $ 1,460,981 $ 1,490,173 Services/Supplies Professional Outside Services Physicals/Testing Software & Support Tax Administration Advertising Printing Schools & Training Electricity $1,567 - 12,354 1,521 - $1,750 - 17,164 1,605 1,500 500 19,900 8,400 4,000 16,691 43,261 40,800 18,715 1,000 4,020 20,337 - $40,504 $ - 14,564 1,542 - 1,750 $1,750 $1,750 $ 7,000 11,085 1,600 200 1,100 19,900 8,400 4,000 16,691 37,200 49,029 18,715 1,000 5,622 27,242 - 1,785 7,000 11,307 1,632 204 1,122 20,298 8,568 4,080 17,025 37,944 50,010 19,089 1,020 5,734 27,787 - $1,821 7,000 11,533 1,665 208 1,144 20,704 8,739 4,162 17,365 38,703 51,010 19,471 1,040 5,849 28,343 - -- 17,164 1,600 1,000 300 17,164 1,579 - 280 266 249 9,478 5,530 3,734 14,692 25,176 17,136 10,241 1,000 3,946 20,417 215 11,449 5,853 3,318 18,816 55,628 24,128 11,155 - 19,900 8,400 4,000 16,691 22,200 40,800 18,715 1,000 5,061 20,337 - 19,900 8,400 4,000 16,691 42,512 40,800 18,715 1,000 5,061 20,337 - Water Communications/Pagers/Mobiles Building Maintenance Vehicle Maintenance Equipment Maintenance Emergency Management Dispatch - Denton County Dues & Membership Flags & Repairs 4,021 19,154 - Travel & Per Diem Office Supplies 8,236 327 14,510 500 17,410 267 14,510 500 14,921 500 14,510 500 14,800 510 15,096 520 Printer Supplies Postage 1,007 73 1,400 100 1,371 65 1,600 100 1,600 100 2,600 100 2,652 102 2,705 104 Publications/Books/Subscriptions Fuel Uniforms Safety Equipment/Protective Clothing Disposable Supplies 297 350 -350 350 350 357 364 8,997 7,850 8,970 - 12,215 9,645 27,700 - 12,141 9,129 16,026 46 12,225 9,645 40,000 - 12,225 9,645 40,000 35 12,225 9,645 40,000 - 12,470 9,838 40,800 - 12,719 10,035 41,616 - 11 FY24 Proposed Budget 81 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026FireESTIMATE PROPOSED PROJECTED PROJECTED Small Equipment Hardware Maintenance Supplies Miscellaneous Expense Programs & Special Projects 161 1,106 375 3,562 9,649 4,950 4,458 1,500 4,000 16,931 4,705 2,504 1,648 3,954 16,402 9,542 4,458 1,500 4,000 16,931 9,542 4,458 1,500 4,000 16,931 4,950 4,458 1,500 4,000 16,931 5,049 4,547 1,530 4,080 17,270 5,150 4,638 1,561 4,162 17,615 Total Services/Supplies Capital $177,895 $ 297,902 $ 296,067 $ 294,279 $ 313,965 $ 322,303 $ 328,609 $335,042 Equipment $-$-$- $-$-$- 6,500 - $-$- - - Capital Replacement Capital Expenses (Will come from Total Capital - - - - - - - - - - - - $-$-$-$-$-$6,500 $- $- Total Expenditures $ 1,357,983 $ 1,489,261 $ 1,446,681 $ 1,536,124 $ 1,675,082 $ 1,761,163 $ 1,789,590 $ 1,825,215 12 FY24 Proposed Budget 82 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026StreetsESTIMATE PROPOSED PROJECTED PROJECTED Personnel Salaries Merits Overtime $35,641 $48,488 789 2,000 $45,648 $84,377 4,286 2,000 $87,173 $79,076 $80,657 - 2,040 $82,270 - 2,081 ---- 2,338 2,712 500 2,000 Longevity Annual Stipend Certification Cell Phone Stipend Retirement Medical Insurance Dental Insurance Vision Insurance 159 450 - 293 - 293 - 804 - 804 - 815 831 - 847 - ----- 360 10,446 9,174 1,728 361 -- -540 5,490 - 483 43 514 5,836 177 383 50 540 566 540 540 5,225 24 480 42 11,736 8,765 1,418 126 11,727 7,838 1,018 130 10,655 9,357 1,763 369 10,868 9,544 1,798 376 Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Pre-Employment Physicals/Testing Total Personnel 207 2,344 548 241 1,347 - 295 2,670 624 151 1,343 - 232 2,748 642 57 1,526 - 622 527 3,571 835 14 4,838 - 447 456 466 5,439 1,272 403 3,787 - 5,027 1,176 353 6,178 - 5,127 1,199 360 6,302 - 5,230 1,223 367 6,428 - $49,047 $63,209 $60,818 $125,575 $119,541 $117,139 $119,655 $122,037 Services/Supplies Professional Services-PID Utility Schools & Training Electricity $73 575 141,656 $- 750 176,000 $- $- 750 176,000 $- 750 176,000 $- 3,000 176,000 $- 3,060 179,520 $- 3,121 183,110 - 142,768 Water 1,569 1,879 56 293 55 580 44 111 - 1,400 1,750 - 1,624 1,158 23,600 5,402 459 813 1,606 186 1,400 1,750 - 2,782 1,158 - 1,400 1,750 - 400 601 1,428 1,785 - 1,457 1,821 - Communications/Pagers/Mobiles Property Maintenance Building Maintenance Vehicle Maintenance Equipment Maintenance Street Maintenance Dues & Membership Travel & Per Diem Meetings 400 400 400 -- 1,000 2,500 - 120 300 1,000 2,500 2,500 120 300 150 1,000 2,500 2,500 310 300 150 613 510 1,530 1,020 306 625 520 1,561 1,040 312 500 1,500 1,000 300645 -150 -150 153 156 Office Supplies 25 250 -250 250 250 255 260 Postage 65 100 24 100 100 100 102 104 Uniforms Small Tools 1,076 10 1,200 200 2,005 - 1,200 200 1,200 200 1,200 200 1,224 204 1,248 208 Total Services/Supplies Total Expenditures $ $ 148,067 197,113 $ $ 186,120 249,329 $ $ 180,291 241,109 $ $ 188,620 314,195 $ $ 189,600 309,141 $ $ 188,351 305,490 $ $ 191,710 311,365 $ $ 195,544 317,581 PERSONNEL SCHEDULE POSITION TITLE FY 2023 1.00 0.60 FY 2024 1.00 0.40 STREETS MAINTENANCE WORKER STREETS SUPERINTENDENT TOTAL FTEs 40% Funded by Street Maintenance - 10% Funded by Drainage 1.60 1.40 13 FY24 Proposed Budget 83 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026ParksESTIMATE PROPOSED PROJECTED PROJECTED Personnel Salaries $584,621 $ 601,487 $ 584,295 $ 637,263 $ 637,263 $617,479 $ 629,829 $ 642,425 Part-Time Merits Overtime Longevity 19,758 - 18,002 11,173 15,000 7,509 - 2,700 900 76,145 79,105 5,859 679 17,456 - 20,950 7,654 - 18,824 32,939 15,000 8,383 - 1,200 900 88,179 110,269 7,728 878 18,824 - 15,000 7,654 - 18,824 - 15,000 7,230 - 19,200 - 15,300 7,375 - 19,584 - 15,606 7,522 - 11,460 6,541 8,250 2,762 - 84,041 87,620 6,054 698 Annual Stipend Certification Cell Phone Stipend Retirement Medical Insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes 900 482 ---- 900 1,800 80,664 103,030 9,085 1,574 3,309 39,158 9,158 900 900 78,782 72,155 4,409 674 3,268 37,720 8,822 88,179 110,269 7,728 878 4,655 42,243 9,880 82,277 105,091 9,267 1,606 3,375 39,941 9,341 83,923 107,193 9,452 1,638 3,443 40,740 9,528 4,266 38,429 8,988 4,177 38,076 8,904 4,655 42,243 9,880 Unemployment Taxes Workers' Compensation Pre-Employment Physicals/Testing Total Personnel 5,164 19,100 81 3,150 12,351 150 225 14,037 378 3,654 13,524 150 3,654 13,633 150 3,125 22,197 150 3,187 22,641 153 3,251 23,094 156 $887,832 $ 885,367 $ 852,208 $ 995,667 $ 960,908 $ 931,784 $ 949,483 $ 968,455 Services/Supplies Professional Outside Services Advertising Schools & Training Electricity $1,312 50 $-$- $- 500 $- 500 $14,400 $ 500 14,688 510 $14,982 52050 3,980 52,000 239,371 8,634 212,150 2,000 12,000 15,000 90,000 - 528 2,990 46,711 166,986 5,414 183,923 100 11,615 7,815 49,272 - 2,867 41,562 118,299 5,955 153,503 2,375 9,753 18,970 38,500 1,335 5,445 361 3,980 52,000 200,000 8,634 212,150 5,000 11,915 15,000 110,000 - 3,980 52,000 180,000 8,634 212,150 1,900 8,500 15,000 80,000 - 3,980 52,000 200,000 8,634 218,515 5,000 11,915 15,000 110,000 - 4,060 53,040 204,000 8,807 222,885 5,100 12,153 15,300 112,200 - 4,141 54,101 208,080 8,983 227,342 5,202 12,396 15,606 114,444 - Water Communications/Pagers/Mobiles Property Maintenance Building Maintenance Vehicle Maintenance Equipment Maintenance Independent Labor Storage Rental Portable Toilets 4,160 1,475 2,586 750 3,440 443 3,692 906 4,160 1,475 2,586 750 3,000 1,475 2,586 750 4,160 1,475 2,586 750 4,243 1,505 2,638 765 4,328 1,535 2,690 780 Dues & Membership Travel & Per Diem Meetings 998 526 Tree City Office Supplies Postage 4,601 1,510 68 10,000 500 7,657 456 10,000 500 9,700 500 10,000 500 10,200 510 10,404 520 25 51 25 25 25 26 26 14 FY24 Proposed Budget 84 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026ParksESTIMATE PROPOSED PROJECTED PROJECTED Publications/Books/Subscriptions Fuel Uniforms Small Tools Safety Equipment Small Equipment Furniture/Equipment <$5,000 Miscellaneous Expense Total Services/Supplies Total Expenditures 156 700 19,776 8,340 13,000 4,220 - 582 700 19,776 8,340 13,000 4,220 3,500 - 700 19,776 8,340 13,000 4,220 3,500 - 700 19,776 8,640 13,000 4,220 3,500 3,500 - 714 20,172 8,813 13,260 4,304 3,570 - 728 20,575 8,989 13,525 4,390 3,641 - 16,858 7,191 10,343 3,579 - 23,530 6,376 7,327 3,533 - -3,500 - 215 217156 ---- $446,273 $ 704,217 $ 533,779 $ 688,211 $ 630,236 $ 712,776 $ 723,461 $ 1,334,105 $ 1,589,584 $ 1,385,986 $ 1,683,878 $ 1,591,144 $ 1,644,559 $ 1,672,944 $ 1,706,385 $737,930 PERSONNEL SCHEDULE POSITION TITLE P & R DIRECTOR FY 2023 0.4 FY 2024 0.4 PARKS SUPERVISOR 0.0 0.0 PARKS CREW LEADER 2.0 2.0 ATHLETICS CREW LEADER SENIOR ADMINISTRATIVE ASSISTANT PARKS MAINTENANCE WORKER PARKS IRRIGATOR 1.0 1.0 7.0 1.0 1.0 1.0 7.0 1.0 TOTAL FTEs 12.4 12.4 15 FY24 Proposed Budget 85 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026RecreationESTIMATE PROPOSED PROJECTED PROJECTED Personnel Salaries Part Time Seasonal Merits $139,086 $ 204,110 $ 207,352 $ 260,615 $ 260,615 $ 283,078 $288,739 $294,514 -18,179 202,342 2,353 - 470 170,619 - - 220,000 12,991 - 2,500 220,000 - - 261,359 - - 266,586 - - 271,918 - 166,783 - Overtime -973 10,000 9,750 9,945 10,144 Longevity Annual Stipend Certification Cell Phone Stipend Retirement Medical Insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes 814 1,613 1,691 - 19,353 15,558 1,073 103 884 - 739 - 1,568 - 784 - - - - - - - 1,200 1,485 26,652 24,861 1,646 177 1,906 1,372 27,173 22,260 1,364 181 1,590 2,385 35,491 46,822 3,187 301 1,590 2,337 35,491 27,722 1,533 229 1,740 3,510 37,395 24,785 2,251 511 1,775 1,485 38,142 25,281 2,296 521 1,810 1,485 38,905 25,787 2,342 532 984 18,768 1,500 26,447 1,038 22,920 1,910 28,934 1,412 28,934 1,595 33,755 1,626 34,430 1,659 35,119 Medicare Taxes 4,389 7,443 6,272 3,265 6,186 2,925 7,083 3,000 5,360 628 8,050 3,856 6,767 2,321 4,542 - 6,767 462 4,542 - 7,894 3,856 19,600 - 8,052 3,933 19,992 - 8,213 4,011 20,392 - Unemployment Taxes Workers' Compensation Pre-Employment Physicals/Testing Total Personnel $387,194 $ 531,030 $ 476,259 $ 629,424 $ 604,917 $ 691,078 $702,805 $716,831 Services/Supplies Professional Outside Services Software & Support Health Inspections Advertising $3,880 1,658 300 894 829 2,991 8,547 21,488 17,239 3,416 25,748 7,306 4,215 5,176 2,846 857 $2,750 $ 1,375 450 5,362 3,958 - 1,142 384 3,729 3,000 29,359 25,952 7,804 19,016 16,683 5,618 5,084 3,590 903 $2,750 1,500 500 $2,750 1,500 500 $2,750 6,000 500 1,200 600 6,000 3,000 30,000 30,000 2,000 27,000 17,000 12,000 7,500 1,650 500 $2,805 6,120 510 1,224 612 6,120 3,060 30,600 30,600 2,040 27,540 17,340 12,240 7,650 1,683 510 $2,861 6,242 520 1,248 624 6,242 3,121 31,212 31,212 2,081 28,091 17,687 12,485 7,803 1,717 520 325 325 325 Printing 1,200 4,210 10,800 25,065 54,810 4,769 20,000 8,600 12,000 9,010 1,650 500 1,200 4,210 10,800 25,065 30,000 7,000 27,000 17,000 12,000 7,500 1,650 500 1,200 4,210 3,000 25,065 30,000 1,867 20,000 18,036 6,000 6,000 1,500 500 Schools & Training Service Charges & Fees Electricity Water Communications/Pagers/Mobiles Property Maintenance Equipment rental/Lease Storage Rental Dues & Membership Travel & Per Diem Meetings Field Trips Office Supplies Postage Publications/Books/Subscriptions Fuel Uniforms Chemicals Concessions 15,500 1,174 106 8,600 1,500 2,606 200 1,719 9,750 22,000 9,500 5,000 1,200 17,772 3,381 102 15,000 1,500 1,000 200 1,719 9,750 27,000 9,500 5,000 1,200 15,000 1,500 1,000 200 20,000 1,500 1,000 200 1,719 9,750 27,000 9,500 5,000 - 20,400 1,530 1,020 204 1,753 9,945 27,540 9,690 5,100 - 20,808 1,561 1,040 208 1,788 10,144 28,091 9,884 5,202 - 84 611 164 639 451 8,623 21,569 11,419 2,333 - 5,635 20,727 8,808 4,232 9,500 9,500 17,500 9,500 12,883 1,200 Program Supplies Community Events 16 FY24 Proposed Budget 86 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET 1,620 - FY 2023 AMENDED BUDGET 4,000 - FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026RecreationESTIMATE PROPOSED PROJECTED PROJECTED Safety Equipment Small Equipment Furniture/Equipment <$5,000 Hardware Maintenance Supplies Miscellaneous Expenses Total Services/Supplies Total Expenditures 1,653 1,920 4,000 - 4,064 2,000 1,000 300 4,000 - 5,200 2,000 2,000 300 4,080 - 5,304 2,040 2,040 306 4,162 - 5,410 2,081 2,081 312 539 3,137 3,207 856 36 1,228 484 834 2,529 5,200 2,000 2,000 300 5,200 2,000 2,000 300- $ $ 178,201 $ 230,709 $ 209,575 $ 234,369 $ 202,551 $ 236,869 565,395 $ 761,739 $ 685,834 $ 863,793 $ 807,468 $ 927,947 $241,606 944,411 $246,439 $ 963,270$ PERSONNEL SCHEDULE POSITION TITLE FY 2023 P & R DIRECTOR FY 2024 0.40.4 3.0RECREATION COORDINATOR SENIOR ADMINISTRATIVE ASSISTANT CAMP STAFF - SEASONAL 3.0 1.0 5.5 1.0 5.5 POOL STAFF - SEASONAL 22.5 22.5 All Seasonal Staff counted as 1/2 a Full Time Employee TOTAL FTEs 32.4 32.4 17 FY24 Proposed Budget 87 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026Community Events ESTIMATE PROPOSED PROJECTED PROJECTED Services/Supplies Advertising $417 $1,224 $736 $1,300 $1,300 $1,300 $1,326 $1,353 Legal Notices -------- Printing -612 -612 ---- Schools & Training Event Rentals -------- 10,049 25,000 33,213 40,000 40,000 40,000 40,800 41,616 Dues & Membership Travel & Per Diem Uniforms Program Supplies Miscellaneous Expense Prompt Payment Interest Total Services/Supplies Total Expenditures - - - - - - - - - - - - - - - - - - 8,529 - - 11,675 - - 15,000 - - 15,000 - - 15,000 - - 15,300 - - 15,606 - 16,578 13,832 - 64,359 64,359 ------- $ $ 18,995 18,995 $ $ 38,511 38,511 $ $ $ $ 56,912 56,912 $ $ 56,300 56,300 $ $ 56,300 56,300 $ $ 57,426 57,426 $ $ 58,575 58,575 18 FY24 Proposed Budget 88 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Community Development Personnel FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 ESTIMATE PROPOSED PROJECTED PROJECTED Salaries Merits Overtime Longevity Stipend $280,257 $ 273,470 $ 254,178 $ 243,196 $ 283,272 $ 231,890 $236,528 - $241,259 - 5,202 1,816 - - 2,547 1,928 1,875 1,450 - 3,948 5,000 963 - - 11,485 5,000 1,031 - 1,500 1,350 - 595 1,275 - 2,634 1,736 - 5,000 1,746 - 3,000 1,350 5,100 1,780 - 3,060 1,800 963 - 1,412 - Certification Cell Phone Stipend 900 1,800 3,121 1,8001,715 Retirement Medical Insurance Dental Insurance 38,878 21,503 1,372 178 27,062 11,404 1,525 166 32,839 18,010 1,607 266 31,871 18,173 1,937 223 36,688 13,973 1,637 273 31,260 9,880 1,554 383 31,885 10,078 1,585 391 32,523 10,279 1,617 399Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Pre-Employment Physicals/Testing Total Personnel 1,498 17,607 4,118 1,557 3,028 45 1,480 13,022 3,046 756 3,419 - 1,349 15,390 3,600 158 3,886 45 1,678 14,797 3,461 882 2,099 - 1,506 11,382 2,662 73 2,099 - 1,185 14,672 3,431 882 1,742 - 1,209 14,965 3,500 900 1,777 - 1,233 15,264 3,570 918 1,813 - $377,841 $347,961 $335,417 $338,683 $359,805 $307,976 $ 314,559 $320,814 Services/Supplies Professional Outside Services Engineering Plan Review Services Health Inspections Inspection Services Advertising $-$-$- 59,747 - 11,664 19,210 2,219 946 $42,000 42,000 4,000 14,000 18,000 1,500 - $42,000 42,000 4,000 14,000 18,000 1,500 - $32,000 $ 42,000 4,000 18,000 24,000 1,500 - 32,640 $ 42,840 4,080 18,360 24,480 1,530 - 33,293 43,697 4,162 18,727 24,970 1,561 - 79,211 10,173 7,255 36,890 1,296 147 90,000 10,000 7,000 10,000 1,500 -Legal Notices Printing 35 600 102 600 600 600 612 624 Abatements 765 2,000 4,000 4,000 4,000 1,500 2,000 250 935 2,000 4,000 4,000 4,000 1,500 2,000 250 2,000 4,000 1,949 4,000 1,500 2,000 250 2,000 4,000 2,000 3,000 1,500 2,000 500 2,040 4,080 2,040 3,060 1,530 2,040 510 2,081 4,162 2,081 3,121 1,561 2,081 520 Schools & Training Communications/Pagers/Mobiles Vehicle Maintenance Dues & Membership Travel & Per Diem Meetings 1,575 2,793 1,774 1,664 84 1,456 1,368 4,824 170 1,701 14223 Plat Filing Fees -350 -350 350 850 867 884 Inspection Fees Office Supplies Postage Publications/Books/Subscriptions Fuel Uniforms -145 1,107 451 1,525 2,850 1,558 182 145 1,000 500 3,000 4,000 2,000 500 145 1,000 500 3,000 4,000 2,000 500 145 1,000 500 3,000 4,000 2,000 500 145 1,020 510 3,060 4,080 2,040 510 148 1,040 520 3,121 4,162 2,081 520 1,046 445 1,031 1,215 914 - 1,000 500 2,000 4,000 2,000 500Miscellaneous Expense Vehicles --10 --2,000 2,040 2,081 Total Services/Supplies Total Expenditures $ $ 148,336 $ 147,200 $ 112,312 $ 151,345 $ 149,294 $ 151,095 526,177 $ 495,161 $ 447,729 $ 490,028 $ 509,099 $ 459,071 $ $ 154,114 $ 468,673 $ 157,196 478,010 19 FY24 Proposed Budget 89 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026FinanceESTIMATE PROPOSED PROJECTED PROJECTED Personnel Salaries Merits Longevity Stipend Certification $303,474 $332,195 $ 337,264 $348,835 17,267 1,270 - 3,300 3,600 $258,872 - 1,270 - 2,029 2,078 $316,265 - 1,705 - 3,000 1,800 $322,591 - 1,739 - 3,060 1,800 $329,042 - 1,774 - 3,121 1,800 - 970 1,500 2,704 - 6,193 1,415 - - 1,295 - 2,700 2,715 Cell Phone Stipend 1,800 2,647 Retirement Medical Insurance Dental Insurance 41,697 24,872 1,681 202 41,178 25,074 1,718 213 43,943 18,183 1,252 161 47,432 27,910 2,380 262 32,509 20,297 1,207 148 41,779 25,054 2,097 518 42,614 25,555 2,139 528 43,466 26,066 2,182 539Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Pre-Employment Physicals/Testing Auto Allowance 2,550 18,700 4,373 1,402 464 2,319 19,950 4,666 1,008 545 1,393 20,710 4,844 34 2,547 22,079 5,164 1,008 732 1,197 12,939 3,028 37 1,300 - 1,348 19,608 4,586 1,008 1,297 - 1,375 20,001 4,678 1,028 1,323 - 1,403 20,401 4,771 1,049 1,349 - 619 - - - - - - - ----- Total Personnel $404,588 $440,974 $435,059 $483,786 $336,910 $420,064 $428,430 $436,962 Services/Supplies Professional Outside Services Auditing Appraisal Tax Administration Advertising $16,662 20,870 56,014 5,071 6,707 - $14,280 $ 41,000 56,931 5,384 - 18,810 44,000 59,189 5,089 - $10,000 50,000 72,000 7,000 - $41,767 50,690 66,106 5,266 - $10,000 55,000 72,000 7,000 - $10,200 56,100 73,440 7,140 - $10,404 44,000 74,909 7,283 - Legal Notices Printing 4,590 510 2,194 59 4,500 500 4,500 314 4,500 400 4,682 408 4,775 416- Schools & Training Service Charges & Fees Communications/Pagers/Mobiles Dues & Membership Travel & Per Diem Meetings 2,924 7,770 2,097 1,676 600 5,675 15,000 1,800 1,705 4,125 300 1,340 10,296 456 1,583 1,535 58 5,000 10,000 1,800 2,500 4,125 300 2,489 10,000 460 1,500 4,125 133 4,000 10,000 500 2,000 3,000 200 4,080 10,200 1,800 1,545 3,060 204 4,162 10,404 1,800 1,576 3,121 208- Office Supplies Postage Publications/Books/Subscriptions Miscellaneous Expense Total Services/Supplies Total Expenditures 2,474 502 - 46 123,413 528,001 2,320 1,000 - 3,109 421 2,000 600 2,500 441 2,000 500 2,040 510 2,081 520 ------ 100 154,720 595,694 105 148,243 583,302 100 170,425 654,211 150 190,441 527,351 100 171,200 591,264 100 175,509 603,939 100 165,759 602,721 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ PERSONNEL SCHEDULE POSITION TITLE FY 2023 1.00 1.00 1.00 1.00 FY 2024 1.00 1.00 1.00 1.00 FINANCE DIRECTOR CHIEF FINANCIAL ANALYST ACCOUNTING SPECIALIST ACCOUNTANT TOTAL FTEs 4.00 4.00 20 FY24 Proposed Budget 90 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026Municipal Court ESTIMATE PROPOSED PROJECTED PROJECTED Personnel Salaries Longevity $28,118 $-$- - $- - $- - $- - $- - $- -125 - Stipend Certifications Retirement Medical Insurance Dental Insurance 750 473 3,971 3,106 193 24 321 1,794 419 280 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Pre-Employment Physicals & Testing Total Personnel 76 - 39,651$$-$-$-$-$-$-$- Services/Supplies Professional Outside Services Municipal Court - Remittance to Roanok Judge's Compensation Printing $106 - 6,950 438 50 $78,000 $-$- - $-$-$-$- - 6,600 500 - 236,926 100,000 102,000 5,000 1,500 - 104,040 5,100 1,530 - 106,121 5,202 1,561 - 3,000 3,540 5,000 1,500 - 2,350 - -Schools & Training - Communications/Pagers/Mobiles Dues & Membership Office Supplies --30 - 51 2 - -- - - - - - --- 221 137 378 - 260 330 400 50 260 330 100 50 260 330 100 50 265 337 102 51 271 343 104 52 Postage Publications/Books/Subscriptions Miscellaneous Expenses Total Services/Supplies Total Expenditures --10,000 253,548 253,548 ---- $ $ 8,281 47,931 $ $ 86,140 86,140 $ $ $ $ 7,240 7,240 $ $ 102,350 102,350 $ $ 109,240 109,240 $ $ 111,425 111,425 $113,653 $ 113,653 21 FY24 Proposed Budget 91 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026Human Resources ESTIMATE PROPOSED PROJECTED PROJECTED Personnel Salaries Merits Longevity $134,016 $88,605 2,790 265 $101,263 $ 101,972 $118,073 $182,979 $186,639 $190,372 --5,270 - - - - - - - -205 -- Annual Stipend Certifications Cell Phone Stipend Retirement Medical Insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Auto Allowance 750 800 - - - 2,200 825 14,177 7,418 419 40 421 6,184 1,446 9 - 2,400 900 13,888 12,873 886 79 753 6,527 1,526 252 - 1,307 975 24,600 10,224 475 46 336 4,558 1,066 18 - 1,200 900 32,560 23,910 1,881 425 - 1,224 900 33,211 24,388 1,918 433 - 1,248 900 33,875 24,876 1,957 442 -1,800 18,732 13,670 1,159 119 1,055 8,950 2,094 504 19,390 19,380 1,129 109 1,063 8,366 1,957 901 480 490 499 11,345 2,653 504 11,572 2,706 514 11,803 2,760 524 221 242 275 182 182 750 765 781 -------- Total Personnel $231,496 $212,885 $168,591 $216,408 $161,861 $259,587 $264,760 $270,037 Services/Supplies Gym Reimbursement Recruitment $- $- - $- - $- - $- - $7,000 5,000 10,000 30,000 5,000 15,000 2,500 2,400 32,181 500 $7,140 5,100 10,200 30,600 5,100 15,300 2,550 2,448 32,825 510 $7,283 5,202 10,404 31,212 5,202 15,606 2,601 2,497 33,481 520 - 214 35,823 - 5,066 2,105 - 38,104 4,044 371 Pre-Employment Physicals/Testing Employee Relations Employee Recognition Tuition Reimbursement Employee Assistance Program Flexible Benefits Administration Professional Outside Services Physicals/Testing 4,000 43,600 - 20,500 2,400 2,400 31,550 500 3,624 21,147 10,000 43,600 - 10,500 2,400 2,400 31,550 500 7,500 43,600 - 3,000 2,496 2,400 30,000 500 - 5,112 2,013 2,018 44,269 953 300Advertising Legal Notices 2,000 - 2,000 - 600 2,040 800 2,081 - 2,122 ---- Printing 51 300 -300 703 200 204 208 Schools & Training 810 1,800 10,000 1,500 1,050 3,680 750 315 2,800 30,000 1,500 1,050 3,680 750 199 30,000 - 1,500 30,600 - 750 3,754 765 1,530 31,212 - 765 3,829 780 1,561 31,836 - 780 3,906 796 Organizational Employee Training Communications/Pagers/Mobiles Dues & Membership Travel & Per Diem Meetings Office Supplies 7,725 2,106 125 869 26 - - 862 34 600 1,355 1,100 3,000 100 - 1,604 16 1,500 200 732 1,500 200 2,000 204 2,040 208 2,081 212Postage2 Furniture/Equipment<$5,000 Miscellaneous Expenses Total Services/Supplies Total Expenditures -- - - - - - 497 500 - - - -175 56,026 287,521 -- $ $ $ $ 54,830 267,715 $47,466 $ 216,057 $ $ 75,830 292,238 $ $ 127,650 289,511 $ $ 152,694 412,281 $ $ 75,984 340,744 $ $ 77,504 347,541 PERSONNEL SCHEDULE POSITION TITLE FY 2023 1.00 0.00 FY 2024 1.00 1.00 HUMAN RESOURCES DIRECTOR HUMAN RESOURCES SUPPORT STAFF TOTAL FTEs 1.00 2.00 22 FY24 Proposed Budget 92 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Communications & Marketing FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 ESTIMATE PROPOSED PROJECTED PROJECTED Personnel Salaries Salaries Part-time Merits Longevity Annual Stipend Certifications $79,434 $ 116,746 $100,042 $ 102,481 $109,301 6,233 - $111,116 - $113,338 $115,605 - - - 1,801 225 13,614 6,234 6,483 285 - - - --- 165 225 285 217 222 - 643 900 14,972 226 - 655 900 15,271 750 ----- 1,500 - 1,500 900 1,429 857 1,500 900 1,570 1,150 14,200 2,877 626 88 376 6,447 1,557 15 630 378 14,678 13,200 1,018 149 Cell Phone Stipend Retirement 10,960 - 12,056 13,090 - 13,954 -Medical Insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Total Personnel 733 64 805 72 617 886 1,039 152 434 7,027 1,643 365 1,060 155 443 7,168 1,676 372 79 79 398 679 429 754 425 4,879 1,141 351 5,857 1,370 252 6,994 1,636 18 8,071 1,888 504 6,889 1,611 358 135 152 173 237 200 144,924 456 151,127 465 141,200 474 144,006$100,509 $142,415 $139,203 $144,256 $$$$ Services/Supplies Professional Outside Services Advertising $38,289 6,593 - $50,000 $ 8,000 300 52,673 5,871 - $48,000 10,000 300 $48,000 10,000 300 $48,000 10,000 300 $48,960 10,200 306 $49,939 10,404 312Printing Schools & Training Communications/Pagers/Mobiles Dues & Membership Travel & Per Diem Meetings -1,100 - 1,000 1,750 100 1,528 456 1,145 1,051 285 2,450 - 500 2,500 100 2,450 - 500 2,500 100 2,450 - 500 2,500 100 2,499 - 510 2,550 102 2,549 - 520 2,601 104 900 920 912 99 Office Supplies Postage 1,066 - 500 100 1,103 1 500 100 500 100 500 100 510 102 520 104 Furniture/Equipment <$5000 Hardware Total Services/Supplies Total Expenditures -2,000 - 64,850 2,619 2,752 69,484 208,687 ----- 3,968 52,748 153,257 2,000 66,450 210,706 2,000 66,450 211,374 2,000 66,450 217,577 2,040 67,779 208,979 2,081 69,135 213,140 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $207,265 PERSONNEL SCHEDULE POSITION TITLE TOTAL FTEs FY 2023 0.42 1.00 FY 2024 0.42 1.00 58% Funded by Hotel Occupancy Fund 1.42 1.42 23 FY24 Proposed Budget 93 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026Information Services ESTIMATE PROPOSED PROJECTED PROJECTED Personnel Salaries Longevity Annual Stipend $-$-$-$- - - $- - - $- - - $- - - $- - - - - - - - - Certification Retirement - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - Medical Insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Total Personnel $-$-$-$-$-$-$-$- Services/Supplies Professional Services Software & Support Security $202,157 292,580 $164,400 445,000 $163,867 210,200 $164,400 570,000 $164,400 570,000 $200,000 577,750 $204,000 589,305 $208,080 601,091 985 2,257 -2,257 2,257 --- Schools & Training Telephone -- - - - - - - - - - - - - -- 48,109 1,435 - 11,136 150 - Communications/Pagers/Mobiles Building Maintenance Independent Labor Copier Rental/Leases Dues & Membership Travel & Per Diem Meetings Office Supplies Printer Supplies Postage 35,000 55,493 1,310 50,000 50,000 51,000 52,020 53,060 - - - - - - - - - - - -- 10,651 671 150 12,500 12,500 12,072 12,072 12,072 350 350 450 - - - - - - - - - -- - - - - -- -- 375 125 - 375 125 - 375 125 227 66 56 300 125 50 306 128 50 312 130 50505050 Hardware 38,531 11,460 - 50,156 10,926 150 492,924 492,924 11,460 - 28,040 - 50,000 51,000 52,020 Principle - Lease Payment Interest - Lease Payment Total Services/Supplies Total Expenditures --- $ $ 595,432 595,432 $ $ 669,668 669,668 $ $ $ $ 811,517 811,517 $ $ 828,197 828,197 $ $ 891,297 891,297 $ $ 908,881 908,881 $ $ 926,816 926,816 24 FY24 Proposed Budget 94 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Facilities Maintenance Personnel FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 ESTIMATE PROPOSED PROJECTED PROJECTED Salaries Merits $41,966 $43,497 870 $45,017 $30,498 1,560 $1,000 - $-$- - $- ---- Overtime Longevity Annual Stipend Cell Phone Stipend Retirement Medical Insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Total Personnel 414 185 750 - 245 1,792 245 - - 240 96 - - -- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - --450 - 6,087 8,957 802 70 226 2,602 609 351 1,667 64,685 5,768 7,968 805 72 325 2,766 647 252 1,882 65,097 6,697 8,021 626 81 299 3,061 716 9 4,178 3,136 443 40 227 1,934 453 126 160 43,445 140 193 15 2 7 64 15 - 2,139 68,701 160 1,693$$$$$$-$-$- Services/Supplies Professional Outside Services Schools & Training Electricity $92 $- 250 62,000 17,000 674 105,000 27,000 - 57,000 5,400 20,000 200 $-$-$-$-$-$- - 52,542 7,495 - 101,714 33,819 - 52,095 4,155 - - 70,004 11,091 43 102,230 46,263 - 54,764 3,699 2,936 - 250 62,000 17,000 674 105,000 50,000 - 57,000 5,400 15,397 200 3,500 4,000 500 - 62,418 17,692 - 107,422 50,000 - 59,455 5,400 15,397 60 3,500 36 250 62,000 17,000 674 105,000 60,000 - 42,600 5,400 - 255 63,240 17,340 687 107,100 61,200 - 43,452 5,508 - 260 64,505 17,687 701 109,242 62,424 - 44,321 5,618 - Water Communications/Pagers/Mobiles Insurance Building Maintenance Equipment Maintenance Cleaning Services Kitchen Supplies Flags and Repairs Travel & Per Diem Office Supplies -200 204 208 1,603 - 3,500 4,000 500 338 2,639 408 3,500 3,000 500 3,570 3,060 510 3,641 3,121 520 Fuel Uniforms 22 - Vending Machine Supplies Furniture/Equipment<$5,000 Maintenance Supplies Miscellaneous Expense Total Services/Supplies Total Expenditures 485 9,139 112 900 663 245 245 145 900 900 900 918 936 2,500 2,500 200 2,500 2,500 200 2,500 2,500 200 2,500 5,000 200 2,550 5,100 - 2,601 5,202 -201 263,474 328,159 $ $ $ $ 308,624 373,721 $ $ 295,713 364,414 $ $ 327,021 370,466 $ $ 327,480 329,173 $ $ 308,724 308,724 $ $ 314,694 314,694 $320,988 $ 320,988 PERSONNEL SCHEDULE POSITION TITLE FACILITIES MAINT. TECHNICIAN FY 2023 1.00 FY 2024 0.00 TOTAL FTEs 1.00 0.00 25 FY24 Proposed Budget 95 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services OTHER FUNDS 26 FY24 Proposed Budget 96 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026CCPD Fund ESTIMATE PROPOSED PROJECTED PROJECTED Beginning Fund Balance $222,811 $82,957 $274,127 $138,588 $280,480 196,044 100,408 132,848$$$ Revenue Sales Tax $328,432 $ 300,000 $ 365,464 $ 350,000 $ 350,000 $ 350,000 $ 360,500 $ 371,315 Grant Revenue Interest Income Assets Sold 1,448 21,525 483 - 1,900 - 21,525 860 10,000 - 1,000 - - 1,030 - - 1,061 - - - - - - - Total Revenue $329,880 $321,525 $456,524 $350,000 $350,000 $353,800 $362,457 $373,331 Expenditures Personnel Salaries Overtime Retirement Social Security Taxes Medicare Taxes Workers' Compensation Total Personnel $-$- - - - - - $- - - - - - $20,000 - 2,657 1,242 291 446 24,636 $- 20,000 2,657 13,480 76 12 36,225 $- 20,000 2,657 1,242 291 446 24,636 $- 20,400 2,710 1,267 297 446 25,120 $- 20,808 2,764 1,292 303 446 25,614 2,527 - - - 394 2,921$$-$-$$$$$ Services & Supplies Professional Outside Services Schools & Training Qualifying Expenses Meetings $26,766 17,086 10,290 $26,000 16,000 18,500 700 $47,913 23,571 16,813 - $61,120 18,500 18,500 800 $72 - - - $55,000 18,500 18,500 800 $56,100 18,870 18,870 816 $57,222 19,247 19,247 832- Office Supplies Postage Publications/Books/Subscription Uniforms Protective Clothing Small Equipment Principle - Lease Pmt Interest - Lease Payment Total Services & Supplies - - - 2,750 500 2,500 6,000 - 1,932 245 51 4,920 - 48,198 33,273 157 3,000 500 2,500 6,000 - 61,120 18,500 18,500 800 3,000 500 3,000 500 2,500 6,000 - 3,060 510 2,550 6,120 - 3,121 520 2,601 6,242 - 905 - 72,241 96,500 - 57,654 - 75,000 - 48,000 - 48,960 -- - - ------ $127,288 $169,450 $177,072 $168,574 $102,492 $179,800 $154,896 $157,994 Capital Capital Outlay Total Capital Total Expenditures $ $ $ 148,356 $ 225,000 $ $ $ 273,098 $ 214,997 $ $ $ 2,500 2,500 141,217 $ $ $ 245,000 $ 150,000 $ 150,000 148,356 $225,000 273,098 450,170 $ $ 214,997 408,207 245,000 449,436 $ $ 150,000 330,016 $ $ 150,000 333,608278,564 $394,450 Other Sources (Uses) Transfer Out Lease Proceeds Total Other Sources (Uses) Net Increase (Decrease) Ending Fund Balance $-$-$-$-$6,000 - 6,000 $-$-$- - - - - 90,577 - 6,353 - - 156,790 1,900 $ $ $ $ $ $$ $ $ $ $-$-$ $ - 51,316 (72,925) $(84,436) $ (95,636) $ 32,441 39,723 274,127 $10,032 $280,480 $ 295,378 $ 196,044 $ 100,408 $ 132,848 $ 172,572 27 FY24 Proposed Budget 97 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Capital Equipment Replacement Fund Beginning Fund Balance Revenue Miscellaneous Revenue Total Revenue FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 ESTIMATE PROPOSED PROJECTED PROJECTED $ $ 173,990 $501,610 $ $ 361,946 $ (512,826) $ 136,850 $ $ 749,021 - $ $ 749,021 - $749,021 $-$ 1,727,040 $ 1,727,040 $- $ 494,907 $ 494,907 $-$-$ $ - ---$494,907 $494,907 Expenditures Police Capital Replacement Principle - Lease Pmt $22,220 $ 185,000 $ 175,288 $- - $- - $- - $- - $- -88,206 -- Interest - Lease Pmt 3,246 - 30,500 321,540 - 196,000 44,000 - - 350,743 61,639 - 186,224 36,249 - --- 121,000 6,500 - 167,500 147,217 52,000 - - - - -EMS Capital Replacement Fire Capital Replacement Streets Capital Replacement Parks Capital Replacement Recreation Capital Replacement Community Development Capital Replacem IT Capital Expenses (Items over 5K) Facilities Capital Replacement Total Expenditures -78,190 52,000 78,190 52,00090,071 204,631 - 142,500 143,284 130,500 ---- 122,643 28,297 - - - - 149,000 276,108 --- - - - - - - - 354,683 --- - 130,190 - -50,000 827,040 64,629 874,772 - $$$$$130,190 $494,217 $490,415 $555,608 Other Sources (Uses) Debt Proceeds Transfer from Tax Notes Transfer In $-$-$-$- - $- - $- - $- - $- ---- -542,639 1,727,040 494,907 247,454 494,217 490,415 555,608 Total Other Sources (Uses) Net Increase (Decrease) Ending Fund Balance $ $ $ 542,639 $1,727,040 187,956 $ 2,627,040 $ (874,772) $ 859,624 $ 612,171 361,946 $ 3,128,650 $ (512,826) $ 346,798 $ 749,021 $ 749,021 $ $-$494,907 $247,454 $ $ 494,217 - $ $ 490,415 - 749,021 $ 749,021 $ $ 555,608 - 28 FY24 Proposed Budget 98 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026Trophy Club Park ESTIMATE PROPOSED PROJECTED PROJECTED Beginning Working Capital $95,700 $140,159 $140,159 $53,004 $370,307 $355,332 $271,230 $187,838 Revenue Grant Revenue Park Revenue $4,170 185,981 $225,000 225,000 $125,268 289,336 $-$31,750 214,415 $-$-$- 275,000 200,000 204,000 208,080 Interest Income Miscellaneous Revenue Total Revenue - - - - - - - - 1,166 - 247,331 1,200 - 201,200 1,224 - 205,224 1,248 - 209,328$190,151 $450,000 $414,604 $275,000 $$$$ Expenses Personnel Salaries Part Time Merits Longevity $21,846 16,774 - $26,250 $ 25,834 - 27,781 18,822 - $26,777 $ 25,834 1,339 - 20,290 13,561 $30,001 25,000 - $30,601 25,500 - $31,213 26,010 -- -65 ----- Stipend 263 - - - - - -- - - 60 90 - 61 - - 62 - Certification Pay Cell Phone Stipend Retirement 210 315 3,657 4,506 310 28 198 3,294 770 340 -315 3,453 4,096 282 25 195 3,249 760 340 994 300 3,587 3,914 215 28 140 2,907 680 137 1,130 41 786 786 42 5 27 1,014 237 - 2,996 2,776 224 19 149 2,349 549 601 878 3,963 3,968 370 77 132 3,410 798 328 1,705 4,042 4,047 378 79 135 3,478 813 334 1,739 4,123 4,128 385 81 137 3,548 830 341 1,774 Medical Insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment taxes Workers' Compensation 1,062 40 Total Personnel $49,489 $65,793 $59,641 $68,640 $36,830 $69,901 $71,208 $72,632 Services & Supplies Professional Outside Services Software & Support Advertising $- $-$- 4,880 (47) $- 4,000 1,900 612 $- 4,000 1,900 612 $- 4,000 1,900 612 10,000 2,280 6,000 650 1,273 15,000 3,825 40,000 5,760 - $- 4,080 1,938 624 10,200 2,325 6,120 663 1,298 15,300 3,902 40,800 5,875 - $- 4,162 1,977 637 10,404 2,372 6,242 676 1,324 15,606 3,980 41,616 5,993 - 3,860 100 3,891 1,938 612Printing Service Charges & Fees Electricity 1,397 11,339 1,061 2,745 5,634 1,200 11,194 6,118 14,141 5,580 - 53 5,000 2,191 5,012 5,640 1,224 12,340 3,825 95,000 5,400 143 9,689 3,006 3,598 4,817 1,224 40,769 1,413 13,704 5,910 - 5,000 2,235 5,112 5,640 1,248 15,000 3,825 40,000 5,400 143 6,897 1,400 5,112 5,640 1,248 15,000 3,825 40,000 5,760 - Water Communications/Pagers/Mobiles Insurance Property Maintenance Equipment Maintenance Independent Labor Portable toilets Dues & Membership Office Supplies 1,535 10 1,129 353 1,323 32 1,300 320 1,300 320 1,300 100 1,326 102 1,353 104Postage Fuel Uniforms 1,054 - 1,010 431 51 586 1,030 450 313 450 1,051 450 1,072 459 1,093 468 Community Events Small Tools 3,095 - -- 59 5,000 500 5,000 500 5,000 500 5,100 510 5,202 520510 Maintenance Supplies Miscellaneous Expense Depreciation Expense - Machinery and Equipment - - 459 306 303 400 300 400 300 400 300 408 306 416 3122,581 2,387 6,480 102,815 -- - - - - - - - - -Depreciation Expense 6,140 76,203 6,480 152,894Total Services & Supplies $$$$99,415 $99,977 $100,400 $102,408 $104,456 Capital Capital Expenses Total Capital $ $ -$ $ 257,500 $ 257,500 7,000 7,000 $ $ 110,500 110,500 $ $ 110,500 110,500 $ $ 100,000 100,000 $ $ 100,000 100,000 $ $ 100,000 100,000-$ 29 FY24 Proposed Budget 99 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026Trophy Club Park ESTIMATE PROPOSED PROJECTED PROJECTED Total Expenses $125,692 $476,187 $169,456 $278,555 $247,306 $270,302 $273,616 $277,088 Other Sources (Uses) Park Administration Transfer Police and EMS Service Transfer Total Other Sources (Uses) Net Increase (Decrease) Ending Working Capital $20,000 - 20,000 44,459 $15,000 $ - 15,000 - 15,000 $15,000 $ - 15,000 - 15,000 $15,000 - 15,000 $15,000 - 15,000 $15,000 - 15,000$ $ $ $ $ $ 15,000 $$ $ $ 15,000 $$$$ (41,187) $ 230,148 98,972 $ 370,307 (18,555) $ (14,975) $ (84,102) $ (83,392) $ (82,760) 140,159 34,449 355,332 271,230 187,838 105,079$$$$ PERSONNEL SCHEDULE FY 2023POSITION TITLE TCP GATE ATTENDANT TOTAL FTEs FY 2024 1.00 1.00 1.00 1.00 30 FY24 Proposed Budget 100 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Street Maintenance Fund Beginning Fund Balance FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 ESTIMATE PROPOSED PROJECTED PROJECTED $ 184,556 $ 302,900 $ 302,900 $ 222,366 $ 302,901 $ 259,253 $ 245,435 $231,753 Revenue Sales Tax Interest Income Total Revenue $322,978 $ 300,000 $ 361,485 $- - $350,000 $ 350,000 $ 357,000 $ 364,140 1,983 1,500 1,530 1,561 $ 351,983 $ 351,500 $ 358,530 $ 365,701 --- $ 322,978 $ 300,000 $ 361,485 $- Expenditures Personnel Salaries Merits $63,461 $ - 67,937 $ 1,359 - 1,523 - 73,413 $ - 791 1,523 - 76,594 $ 3,930 - 1,649 - 85,930 $ 115,609 $ 117,921 $ 120,280 - 2,360 1,649 - - - - - - -Salaries - Overtime Longevity Annual Stipend Cell Phone Stipend Retirement Medical Insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Total Personnel - 1,344 1,050 - 8,895 5,514 648 70 365 4,044 946 331 1,815 - 1,851 - 1,888 - 360 343 360 377 585 585 585 9,008 5,702 682 76 507 4,413 1,032 353 10,090 4,514 531 87 420 4,766 1,115 (39) 10,389 6,272 750 84 563 4,873 1,139 353 11,142 5,204 590 15,272 6,011 976 15,577 6,131 995 15,889 6,254 1,015 22097211215 469 561 573 584 3,568 834 7,168 1,676 416 7,311 1,710 424 7,457 1,744 43313 2,564 2,904 3,301 3,472 3,472 6,760 6,895 7,033 $89,231 $ 95,856 $ 100,852 $ 110,428 $ 115,706 $ 157,060 $ 160,190 $ 163,382 Services & Supplies Water $- 180 $2,040 $- - $2,081 $ - 3,641 500 2,081 $ - 3,641 500 2,081 $ - 7,210 3,000 2,123 $ - 7,354 3,060 2,165 -Communications/Pagers/Mobiles Vehicle Maintenance Equipment Maintenance Street Maintenance Signs & Markings Fuel - 3,570 500 5,950 1,916 52,861 47,835 5,055 1,014 591 2,615 1,420 77,207 17,073 5,653 2,322 542 7,501 3,121 130,050 41,616 7,036 2,165 - 102,000 125,000 125,000 125,000 127,500 24,400 6,630 2,040 - 40,000 6,763 2,081 - 40,000 6,763 2,081 359 40,000 6,763 2,081 - 40,800 6,898 2,123 - Small Tools Miscellaneous Expense Total Service & Supplies $ 115,402 $ 141,180 $ 106,832 $ 180,066 $ 180,425 $ 186,135 $ 189,858 $ 193,655 Capital Vehicles $- $- $- $- $- $- $- $- Capital Replacement Capital Outlay Total Capital Total Expenditures - - - - - - --- 2,123 2,123 - 2,165 2,165 - 2,208 2,208 2,081 2,081 $ 79,500 79,500 $-$-$-$$$$ $ 204,634 $ 237,036 $ 207,684 $ 292,575 $ 375,631 $ 345,318 $ 352,213 $ 359,245 Other Sources (Uses) Transfer to General Fund Transfer To Debt Service Transfer Out Transfer To Storm Drainage Total Sources Other (Uses) Net Increase (Decreases) Ending Fund Balance $- $20,000 $ - 20,000 $20,000 $20,000 $20,000 $20,000 $20,000 - - - - - - - - - - - - - - - - - - - - -- $-$(20,000) $ (20,000) $ (20,000) $ (20,000) $ (20,000) $ (20,000) $ (20,000) $ 118,344 $ 42,964 $ 133,801 $ (312,575) $ (43,648) $ (13,818) $ (13,683) $ (13,545) $302,900 $ 345,864 $ 436,701 $ (90,209) $ 259,253 $ 245,435 $ 231,753 $ 218,208 PERSONNEL SCHEDULE FY 2023POSITION TITLE FY 2024 1.00 0.25 0.40 0.10 STREETS CREW LEADER 1.00 0.00 0.40 0.00 1.40 COMMUNITY DEVELOPMENT DIR. STREETS SUPERINTENDENT SENIOR ADMINISTRATIVE ASSISTANT TOTAL FTEs 50% Funded by General Fund - 25% Funded by Drainage 40% Funded by General Fund - 20% Funded by Drainage 80% Funded by General Fund - 10% Funded by Drainage 1.75 31 FY24 Proposed Budget 101 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Storm Drainage Utility Beginning Working Capital FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 ESTIMATE PROPOSED PROJECTED PROJECTED $ 1,731,975 $743,720 $ 2,178,395 $953,482 $959,446 $872,424 $ 1,055,959 $ 1,262,766 Revenue Storm Drainage Fee Hazardous Waste Stipend Miscellaneous Revenue Interest Income $435,798 - $438,600 $435,559 $- - - - $430,000 $430,000 $438,600 $447,372 - - - - - - - - - - - - - 325 8,264 30,681 5,000 5,100 5,202 Total Revenue $436,123 $438,600 $443,823 $-$460,681 $435,000 $443,700 $452,574 Expenses Personnel Salaries Overtime Longevity Cell Phone Stipend Retirement $- $- $- - - - - - - - - - - - - $- - - - - - - - - - - - - $- - - - - - - - - - - - - $50,213 - $51,217 - $52,241 -- - - - - - - - - - - - - - - - - - - - - - - - - - 187 405 6,633 2,037 267 45 225 3,113 728 139 190 413 6,766 2,077 272 46 230 3,175 743 141 194 421 6,901 2,119 277 47 234 3,239 757 144 Medical Insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Total Personnel 1,416 65,407 1,444 66,715 1,473 68,050$$$-$-$-$$$ Services & Supplies Professional Outside Services Engineering/Construction Trash Removal/Recycling Street Sweeping $19,175 14,597 5,900 6,121 17,395 105 $30,000 $ 30,000 5,100 15,300 122,400 250 19,175 9,018 2,950 7,100 47,005 - $30,000 30,000 5,202 15,606 125,000 250 $30,000 30,000 5,202 15,606 125,000 250 $30,000 30,000 5,202 15,606 125,000 250 $30,600 30,600 5,306 15,918 127,500 255 $31,212 31,212 5,412 16,236 130,050 260 Independent Labor Dues & Membership Depreciation Expense Total Services & Supplies 51,084 114,377 -51,083 136,331 ----- $$203,050 $$206,058 $206,058 $206,058 $210,179 $214,383 Capital Capital Replacement Capital Expense Capital Projects Transfer to Drainage Capital Projects Total Capital $- - - - - $- - - - - $- - - - $- - - - $- - - - $- - - - $- - - - $- - - - $$$-$-$-$-$-$- Debt Service Principal Interest Total Debt Service Total Expenses Other Sources (Uses) Cumulative effect on change in account $ Transfer In Transfer to General Fund Transfer To Debt Service $ (160,000) $ 11,789 $ (148,211) $ - - $-$- - $- - $- - $- - $- -- -$ $ -$ $ -$ $ -$ $ -$ $ -$ $ - $(33,834) $ 203,050 136,331 206,058 206,058 271,465 276,894 282,432 - $$- 177,194 (20,000) (7,799) $-$-$-$1 $- 16,463 (40,000) - -- 125,000 - - 20,000 - - 20,000 - - 40,000 - - 40,000 - (20,000) - Total Other Sources Net Increase (Decrease) Ending Working Capital $ $ (23,537) $ (20,000) $ 149,395 446,420 215,550 456,887 $ $ 125,000 (81,058) $ 274,623 $20,000 $ $ 20,000 183,535 $ $ 40,001 206,807 $ $ 40,000 210,142$$ $ 2,178,395 $959,270 $ 2,635,282 $ 872,424 $ 1,234,069 $ 1,055,959 $ 1,262,766 $ 1,472,907 PERSONNEL SCHEDULE POSITION TITLE COMMUNITY DEVELOPMENT DIR. FY 2023 0.00 FY 2024 0.25 50% Funded by General Fund - 25% Funded by Street Maintenance Fund 32 FY24 Proposed Budget 102 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Storm Drainage Utility STREETS SUPERINTENDENT SENIOR ADMINISTRATIVE ASSISTANT TOTAL FTEs FY 2022 AMENDED BUDGET FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 ESTIMATE PROPOSED PROJECTED PROJECTED 0.00 0.00 0.00 0.10 0.10 0.45 40% Funded by General Fund - 40% Funded by Street Maintenance Fund 80% Funded by General Fund - 10% Funded by Street Maintenance Fund 33 FY24 Proposed Budget 103 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Court Technology Fund FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 ESTIMATE PROPOSED PROJECTED PROJECTED Beginning Fund Balance Revenue Municipal Court Technology Fee Miscellaneous Revenue Total Revenue $13,232 $13,187 $10,268 $10,592 $ $ $ 10,269 $ $ $ 8,514 $ $ $ 6,759 $ $ $ 4,898 $224 - 224 $1,000 $ - 1,000 226 $- - - 1,000 - 1,000 1,000 - 1,000 1,000 - 1,000 1,000 - 1,000 - $$$226 $ Expenditures Software & Support Hardware $3,188 - $2,105 650 $2,940 - $-$2,105 650 $2,105 650 $2,211 650 $2,323 650- Total Expenditures $3,188 $2,755 $2,940 $-$2,755 $2,755 $2,861 $2,973 Capital Capital Outlay Total Capital Outlay Total Expenditures $ $ $ - - 3,188 $ $ $ - - 2,755 $ $ $ - - $ $ $ - - - $ $ $ - - $ $ $ - - $ $ $ - - $ $ $ - - 2,940 2,755 2,755 2,861 2,973 Other Sources (Uses) Transfer In Total Other Sources (Uses) Net Increase (Decrease) Ending Fund Balance $ $ $ -$ $ -$ $ - - $ $ - - - $ $ $ - - $ $ - - $ $ - - $ $ - --- (2,964) $ 10,268 (1,755) $ 11,432 $ (2,714) $ 7,554 (1,755) $ 8,514 (1,755) $ 6,759 (1,861) $ 4,898 $ (1,973) 2,925$$$10,592 $$$ 34 FY24 Proposed Budget 104 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026Court Security Fund ESTIMATE PROPOSED PROJECTED PROJECTED Beginning Fund Balance $19,606 $17,481 $26,554 $37,082 $37,082 $50,015 $51,015 $52,015 Revenue Municipal Court Security Fee Truancy Prevention & Diversion Fees Municipal Jury Fees $5,580 $ 3,037 61 3,000 2,000 - $8,979 4,949 100 $- - 2,646 $10,745 5,977 120 $3,000 2,000 - $3,000 2,000 - $3,000 2,000 - Total Revenue $8,678 $5,000 $14,028 $2,646 $16,842 $5,000 $5,000 $5,000 Expenditures Schools and Training Travel and Per Diem Small Equipment Total Expenditures $- 200 30 $400 1,100 - $2,000 $- - - - $2,000 409 - $2,000 500 - $2,000 500 - $2,000 500 - - - $230 $1,500 $2,000 $$2,409 $2,500 $2,500 $2,500 Other Sources (Uses) Transfer In Transfer Out Total Other Sources (Uses) Net Increase (Decrease) Ending Fund Balance $-$-$-$- - - $-$-$-$- 1,500 1,500 6,948 1,500 1,500 2,000 1,500 1,500 10,528 37,082 1,500 1,500 12,933 50,015 1,500 1,500 1,000 1,500 1,500 1,000 1,500 1,500 1,000 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $ $2,646 39,72826,554 19,481 51,015 52,015 $53,015 35 FY24 Proposed Budget 105 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 ESTIMATE FY 2024 FY 2025 FY 2026EDC 4B PROPOSED PROJECTED PROJECTED Starting Net Position $365,706 $212,994 $681,082 $748,531 $ 1,213,252 $ 1,719,735 $ 1,838,434 $1,961,541 Revenue Sales Tax - General Interest Income Miscellaneous Revenue Total Revenue Expenses $669,026 $ 600,000 $ 748,791 $ 700,000 $ 700,000 $ 700,000 $ 714,000 $728,280 520 50,625 22 - 4,080 53,625 4,831 - 500 52,625 34,776 52,625 500 52,625 510 51,625 $669,048 $657,705 $753,622 $753,125 $787,401 $753,125 $766,135 $779,425 Personnel Salaries Overtime Longevity $- $- $- $- - - $- - - $33,707 $ - 34,381 $35,068 - - - - - - - - - -- Certification Pay Cell Phone Stipend Retirement 180 180 4,453 2,164 185 39 248 2,090 489 38 138 43,909 50,000 $ 5,000 25,000 500 - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - 184 4,542 2,207 189 39 253 2,132 499 39 141 44,604 51,000 $ 5,100 25,500 510 187 4,633 2,251 193 40 258 2,174 508 39 144 45,496 52,020 5,202 26,010 520 Medical Insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers' Compensation Total Personnel $ $ $$-$ $ -$-$$$ Professional Outside Services Auditing Advertising 4,500 $ 4,000 10,904 15,000 $-50,000 $ 5,000 25,000 500 5,000 $ 5,000 25,000 5,000 35,000 200 5,000 12,895 Printing --- Schools & Training Dues & Membership Travel & Per Diem Office Supplies - - - - 1,000 1,200 750 - - - - 3,000 2,500 2,000 500 - - - - 3,000 2,500 2,000 500 3,060 2,550 2,040 510 3,121 2,601 2,081 520200 Miscellaneous Expense Incentive Programs Depreciation Expense - EDC Bond Interest -4,000 - 2,500 4,000 - 4,000 4,000 300,000 4,080 306,000 4,162 312,120100,000 -- -- - - - - 90,258 800 - -- 400 40,000 - 201,518 280,918 506,483 - 408 40,000 - 416 40,000 - 424 40,000 Paying Agent Fees Transfer to General Fund Transfer to General Fund/DSR Transfer to Debt Service Total Expenses 600 40,000 408 40,000 - 200,257 303,015 354,690 416 40,000 - 201,518 334,434 418,691 - - 193,668 110,000 221,453 532,169 201,518 634,426 118,699 202,263 643,029 123,106 202,463 651,244 128,181 $ $ $ 353,672 315,376 681,082 $ $ $ $ $ $ $ $ $ $ $ $ $ $ $Net Increase (Decrease) Ending Net Position 567,685 $ 1,213,252 $ 1,167,223 $ 1,719,735 $ 1,838,434 $ 1,961,541 $ 2,089,723 PERSONNEL SCHEDULE POSITION TITLE TOWN MANAGER TOTAL FTEs FY 2023 1.00 1.00 FY 2024 0.80 0.80 80% Funded by General Fund - 5% Funded by Hotel Occupancy Fund 36 FY24 Proposed Budget 106 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Hotel Occupancy Tax Fund FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 ESTIMATE FY 2024 PROPOSED FY 2025 PROJECTED FY 2026 PROJECTED Beginning Fund Balance $ 1,530,643 $ 1,473,389 $ 1,726,747 $1,393,312 $ 2,275,554 $ 2,638,723 $ 2,677,914 $2,789,082 Revenue Hotel Occupancy Tax July 4th Revenue Interest Income Total Revenue $392,660 $ 19,934 919 413,513 $ 400,000 $ 7,500 5,000 781,831 21,442 12,140 $- $ $ 700,000 $ 6,000 88,639 600,000 $ 7,500 5,000 600,000 $ 7,500 5,000 600,000 7,500 5,000 600,000 7,500 607,500$412,500 $815,413 $794,639 $612,500 $612,500 $612,500 Expenditures Personnel Salaries Overtime Longevity $20,046 $- $12,264 $- $90,479 $77,681 $ - - $ - 306 - - - - - - - - - - - - 312300 Salaries - Certification Salaries - Cell Phone Stipend Retirement - - - - - - - - - - - - -835 305 10,168 - 421 56 326 1,280 299 9 930 582 9,765 721 778 163 339 4,583 1,072 159 949 594 9,960 736 793 166 346 4,675 1,093 162 968 606 10,159 750 47,013 653 - 392 6,107 385 34 2,501 1,641 125 14 102 1,032 795 48 7 38 744 Medical insurance Dental Insurance Vision Insurance Life Insurance & Other Social Security Taxes Medicare Taxes Unemployment Taxes Workers Compensation Total Personnel 809 169 353 1,208 283 4,768 1,115 165 315 20,174 - - - 174 328 2,91555 - 5 -303 97,375 309 19,779$25,975 $- $15,108 $57,827 $104,178 $$$ Services & Supplies Professional Outside Services Auditing $- 3,000 4,961 4,031 1,368 1,500 - 81,992 - 96,852 $ $- 4,000 10,000 17,500 - $5,484 $ 4,000 18,284 19,292 1,368 682 $ - 97,500 $ 4,000 19,293 61,500 20,000 4,000 31,434 61,500 - $20,400 4,080 32,063 62,730 - $20,808 4,162 32,704 63,985 - Software & Support Advertising Communications/Pagers/Mobiles Event Rentals Dues & Membership July 4 Celebration Bad Debt Expense 52,000 4,000 19,293 61,500 - --1,968 --- 4,000 140,000 - -- - - - 140,000 - 4,000 160,000 - 4,080 163,200 - 4,162 166,464 - 95,602 10,500 156,498 $Total Services & Supplies $175,500 $137,475 $322,293 $ 280,934 $286,553 $292,284 Capital Outlay Capital Outlay Total Capital $ $ $ - $ - $ 122,827 $ 100,000 $ 100,000 $ 275,500 $ - $ - $ 171,606 $ 4,000 $100,000 $100,000 $ 100,000 $ 478,309 $ 100,000 $ 100,000 $ 406,331 $ 100,000 100,000 412,458 4,000 $ $ 100,000 526,471 $ $Total Expenditures 199,301 Other Sources (Uses) Transfer To General Fund Total Other Sources (Uses) Net Increase (Decrease) Ending Fund Balance $ (94,582.00) $ (95,000.00) $ (95,000.00) $ 140,000.00 $ $ 95,000 95,000 363,168 $ $ $ (95,000) $ (95,000) $ 39,191 $ (95,000) $ (95,000) $ 111,169 $ (95,000) (95,000) 105,042 $ $ (94,582) $ 196,104 $ (95,000) $ 42,000 $ (95,000) $ 548,807 $ 140,000 548,199 $ $ 1,726,747 $ 1,515,389 $ 2,275,554 $1,941,511 $ 2,638,723 $ 2,677,914 $ 2,789,082 $ 2,894,124 PERSONNEL SCHEDULE POSITION TITLE TOWN MANAGER FY 2023 0.00 FY 2024 0.05 80% Funded by General Fund - 15% Funded by EDC4B 42% Funded by General FundCOMM & MARKETING DIRECTOR TOTAL FTEs 0.58 0.58 0.58 0.63 37 FY24 Proposed Budget 107 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Recreation Program Fund FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 ESTIMATE PROPOSED PROJECTED PROJECTED Beginning Fund Balance $5,062 $920 $7,710 $21,550 $21,550 $21,550 $21,550 $21,550 Revenue Recreation Programs $6,763 $6,000 $17,940 $-$6,000 $6,000 $6,000 $6,000 Total Revenue Expenditures $6,763 $6,000 $17,940 $-$6,000 $6,000 $6,000 $6,000 Recreation Programs Total Expenditures Net Increase (Decrease) Ending Fund Balance $4,115 4,115 2,648 7,710 $ $ $ $ 6,000 $4,100 4,100 13,840 21,550 $-$ $ $ $ 6,000 6,000 - $ $ $ $ 6,000 6,000 - $ $ $ $ 6,000 6,000 - $ $ $ $ 6,000 6,000 - $ $ $ 6,000 $ $ $ $ $ $ - -- 920 21,550 21,550 21,550 21,550 21,550 38 FY24 Proposed Budget 108 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Parkland Dedication Fund FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026 ESTIMATE PROPOSED PROJECTED PROJECTED Beginning Fund Balance Revenue $385,727 $550,125 $536,001 $536,026 $350,554 $177,650 $82,400 $ $ (95,850) Park Revenues Interest Income Miscellaneous Revenue Total Revenue Expenditures Capital Expenditures Recreation Programs - Expenses Total Expenditures Net Increase (Decrease) Ending Fund Balance $150,000 274 $-$26,410 2,890 - $- $ (85,268)$-$-$- - - - - 9,364 - (75,904) $ 1,750 - 1,750 1,750 - 1,750 1,750 - 1,750 - $150,274 $-$ $ $ 29,300 $-$ $ $ $ $ $ $- $ 180,000 - 210,543 4,204 214,747 $- - 97,000 $ - 97,000 97,000 - 97,000 180,000 - 180,000 $- -- $ $ $ -$180,000 $- - $$- 150,274 $ (180,000) $ (185,447) $ 536,001 $ (172,904) $ (95,250) $ (178,250) $ $ 1,750 $370,125 $350,554 $536,026 177,650 82,400 (95,850) $ (94,100)$$ 39 FY24 Proposed Budget 109 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services IS Capital Equipment Replacement Fund Beginning Fund Balance FY 2023FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 ESTIMATE FY 2024 FY 2025 FY 2026AMENDED BUDGET 11,624 PROPOSED PROJECTED PROJECTED $-$(88,376) $ (88,376) $$178,873 $218,873 $218,873 $218,873 Revenue Miscellaneous Revenue $-$-$-$-$-$-$-$- Total Revenue $-$-$-$-$-$-$-$- Expenditures Police Capital Replacement EMS Capital Replacement Fire Capital Replacement Parks Capital Replacement Recreation Capital Replacement Community Development Capital Replacem Small Equipment Hardware (Items under 5K) IS Capital Expenses (Items over 5K) Facilities Capital Replacement Total Expenditures $-$-$-$-$-$-$-$- - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -17,249 450 10,314- 71,127 - - 60,000 - - 100,000 - - 100,000 - - 100,000 - 100,000 - 100,000 - - $88,376 $$10,764 $-$60,000 $100,000 $100,000 $100,000 Other Sources (Uses) Debt Proceeds Transfer from Tax Notes Transfer In Total Other Sources (Uses) Net Increase (Decrease) Ending Fund Balance $- - - $- - $- - - $-$- - $-$-$- - - - 100,000 100,000 - - 100,000 100,000 - - 100,000 100,000 - 200,000 200,000 100,000 100,000 40,000 $ $ $ -$$ $ -$- - $ $ $ $ $ $ $ $ $ $(88,376) $ 100,000 (88,376) $ (10,764) $ 11,624 $ (99,140) $11,624 $ 218,873 218,873 218,873 $218,873 40 FY24 Proposed Budget 110 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 FY 2024 FY 2025 FY 2026TIRZ#1 Fund ESTIMATE PROPOSED PROJECTED PROJECTED Beginning Fund Balance $ (354,812) $ (399,802) $ (327,716) $ (266,829) $ (266,168) $ (98,737) $2,967 $105,766 Revenue Property Tax Sales Tax Miscellaneous Revenue $124,872 $79,744 28,050 - $-$- 79,744 - $79,744 28,611 - $79,744 81,339 $81,339 82,966 $82,966 84,625- - - 13,190 Total Revenue $124,872 $107,794 $13,190 $79,744 $108,355 $161,083 $164,305 $167,591 Expenses Professional Outside Services Incentive Programs Total Expenditures Total Other Sources (Uses) $- 127,929 127,929 - $3,000 $ 37,728 1,000 41,935 42,935 - $-$3,000 37,924 40,924 - $3,000 56,379 59,379 - $4,000 57,507 61,507 - $4,000 58,657 62,657 - 3,000 3,000 - $ $ $ $ 40,728 - $ $ $ $ $ $ $ $ $ $ $ $ Other Sources (Uses) Debt Proceeds Transfer from Tax Notes Transfer In $- - 30,153 $-$- - 91,293 $- - $- - $-$-$- - - - - - - - -100,000 100,000 Net Increase (Decrease) Ending Fund Balance $27,096 $67,066 $61,548 $176,744 $167,431 $101,704 2,967 $ $ 102,798 105,766 $ $ 104,934 210,700$ (327,716) $ (332,736) $ (266,168) $ (90,085) $ (98,737) $ 41 FY24 Proposed Budget 111 Town of Trophy Club Annual Program of Services FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 ESTIMATE FY 2024 PROPOSED FY 2025 PROJECTED FY 2026 PROJECTEDDebt Service Fund Beginning Fund Balance $706,640 $535,364 $423,426 $393,054 $107,970 $165,869 $239,656 $872,848 Revenue Property Taxes $2,411,195 $ 2,523,357 $2,532,976 $ (2,738) 6,641 - -$2,568,120 5,354 10,193 - $2,619,482 2,000 4,500 - $2,644,818 2,000 4,500 - $1,880,574 2,000 4,500 - Property Taxes/Delinquent Property Taxes/Penalty & Interest Intergovernmental Transfer EDC Interest Income 4,078 4,699 - 2,000 4,500 - - 2,568,120 - 2,000 - 740 14,292 2,500 - 8,756 226 28,927 - 2,500 2,500 2,500 Miscellaneous Revenue Total Revenue $2,435,004 $ 2,532,357 $2,545,861 $ 2,570,120 $2,612,594 $2,628,482 $2,653,818 $1,889,574 Expenditures Principal Payments Interest Payments Paying Agent Fees Bond/CO Issuance cost Total Expenditures $2,068,000 $ 2,408,000 $2,138,000 $ 546,123 - 2,173,000 575,713 - $2,173,000 575,713 7,500 $2,173,000 $ 575,713 7,500 1,695,000 $ 1,570,000 473,755 645,527 7,500 - 520,389 7,500 475,303 7,500- - - ----- $2,541,755 $ 3,061,027 $2,684,123 $ 2,748,713 $2,756,213 $2,756,213 $2,222,889 $2,052,803 Other Sources (Uses) Bond Proceeds $- $-$- $-$-$-$-$- Bond Proceeds- Premium Refund Cost Transfer In- General Fund Transfer In-EDC 4B Transfer In- Street Maintenance Sales Transfer In- Storm Drainage Transfer In - Capital Projects Transfer In - CCPD Transfer In - sub-total Transfer Out - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - - -201,518 200,257 - - - - - 201,518 202,263 202,463 - - - - - - - - - - - - - - -- 200,257 - --201,518 - 201,518 57,899 201,518 - 201,518 73,787 202,263 - 202,263 633,192 202,463 - 202,463 39,235 (176,463) (176,463) $ 200,257 (283,214) $ (328,413) $ (315,456) $ (178,593) $ 423,426 206,951 $ 107,970 $ 214,461 (177,194) (177,194) $Total Other Sources (Uses) Net Increase (Decrease) Ending Fund Balance $ $ $ $$$ $ $ $ $ $ $ $$165,869 239,656 $872,848 $912,083 FY23 PROPOSED - 8/11/2023 x 42 FY24 Proposed Budget 112 Town of Trophy Club Annual Program of Services TOWN OF TROPHY CLUB, TEXAS Annual Program of Services Capital Projects Fund Beginning Fund Balance FY 2023 AMENDED BUDGET FY 2021 ACTUAL FY 2022 AMENDED FY 2022 ACTUAL FY 2023 ESTIMATE FY 2024 PROPOSED FY 2025 PROJECTED FY 2026 PROJECTED $ 1,984,646 $ 1,422,604 $ 6,199,646 $ 6,067,420 $ 4,952,458 $(912,745) $ (7,597,345) $ (11,566,537) Revenue Contributions/Grants Interest Revenue $- $- $-$-$-$-$-$- 7,015 1,000 62,538 -139,239 20,000 10,000 1,000 Miscellaneous Revenue Intergovernmental Revenue Prior Year Adjustment Total Revenue - - - - - - - - - 20,000 84,424 20,400 20,808 21,224 - - - - - - - - - - $7,015 $1,000 $62,538 $20,000 $ 223,662 $40,400 $30,808 $22,224 Expenditures Professional Services Bond Issuance Costs Capital Expenses Engineering Capital Expenses Capital Expenses Total Expenditures $13,343 $ 98,386 759,527 - - $3,521 $ - 929,535 125,794 227,060 - - $- $- $- $- - -- - - - - - 5,025,000 200,000 - - 6,525,000 200,000 - 3,800,000 200,000 - 11,000,000 200,000 2,475,000 200,000 - -23,450 863,866 --- $894,706 $ 2,675,000 $ 1,285,910 $- - $ 6,088,866 $ 6,725,000 $4,000,000 $ 11,200,000 Other Sources (Uses) Debt Proceeds Bond Premium Transfer In Transfer Out Total Other Sources (Uses) Net Increase (Decrease) Ending Fund Balance $ 4,305,000 $ 297,691 - $- $- $- $- $- $ - - - - - - - - - - - - - - - - - - - - - 500,000 -(23,816) (23,816) $$ 5,102,691 $ $ 4,215,000 $ (2,674,000) $ (1,247,188) $ $ 6,199,646 $ (1,251,396) $ 4,952,458 $ 6,087,420 $ (912,745) $ (7,597,345) $ (11,566,537) $ (22,744,313) $$-$-$-$- 20,000 $ (5,865,203) $ (6,684,600) $ (3,969,192) $ (11,177,776) 43 FY24 Proposed Budget 113 Town of Trophy Club Annual Program of Services 5 Year Capital Improvement Program ‐ FY2024 ‐ FY2028 Scheduled to coincide with MUD project Year Begins Sidewalks/ Pathways Parks/ FieldsDescriptionDrainageStreetsTC Pool TC Park Town Hall Funding Source *FY2024 $1,500,000Inverness Storm System Improvement ARPA Inverness Street replacement Forest Hill to Indian Creek*FY2024 FY2024 $1,500,000 Current Bond TC Park Entrance $800,000 Current Bond/CIP Cash GF Fund Balance/Bond Funds/Parkland Dedication/HOTPickleball CourtsFY2024 FY2024 $1,300,000 Cover Town Hall Entrance and back patio Roundabouts (3 in Total) $135,000 General Fund ‐ Fund Balance Grant Funds ($3M)/Future CO Bond Funds ($3M)FY2024 $6,000,000 Covered Parking at Town Hall for Town owned assets General Fund ‐ Fund BalanceFY2024 FY2024 FY2024 FY2024 FY2025 FY2025 $200,000 $50,000 $100,000 $50,000 Fire Department Portable Radios Police Department ‐ Car Camera Systems Payment Kiosk at Town Hall TC Park improvements General Fund ‐ Fund Balance General Fund ‐ Fund Balance Fund Balance/ARPA/CARES Future CO Bonds$4‐5 million TC Baseball Fields $2‐4 million Future CO Bond/HOT Forrest Hill Street Replacement Indian Creek to Fresh Meadow Ct. Creekmere Dr. Street Replacement All of Creekmere Dr. Greenbriar Ct. Indian Creek to end of Ct. * * FY2026 FY2025 $1,500,000 $1,500,000 Future CO Bonds Future CO Bonds Future CO Bonds* * * FY2026 FY2026 FY2027 FY2027 FY2028 FY2028 FY2028 FY2028 FY2028 FY2028 FY2028 FY2028 FY2028 FY2028 FY2028 FY2028 $500,000 $1,500,000 $3,000,000 $2,000,000 $550,000 $215,000 $400,000 $250,000 $250,000 Timberline Dr.Future CO Bonds Oakmont Drive Future CO Bonds Trophy Club Dr.Future CO Bonds Palmetto Future CO Bonds Roaring Creek Court Future CO Bonds Woodlands Court Future CO Bonds Paint Rock Court Future CO Bonds Winding Creek Court Durango and Parkview Area Turnberry and Highlands Area Town Hall Roof Future CO Bonds $150,000 $75,000 Future CO Bonds Future CO Bonds $450,000 $235,000 $120,000 $175,000 $120,000 General Fund ‐ Fund Balance General Fund ‐ Fund Balance General Fund ‐ Fund Balance General Fund ‐ Fund Balance General Fund ‐ Fund Balance Town Hall RTUs (roof top units) three (3) Council Chambers remodel Town Hall and PD Flooring/Carpet Town Hall Paint Interior/Exterior Town Hall/PD add Gas Tankless Water Heaters General Fund ‐ Fund BalanceFY2028 FY2028 FY2028 FY2028 FY2028 $75,000 $95,000Streets and Parks Shop Remodel General Fund ‐ Fund Balance General Fund ‐ Fund Balance General Fund ‐ Fund Balance General Fund ‐ Fund Balance Streets/Parks add Storage Building 20x40 Upgrade Town Crosswalk Flashers to 5g Town Hall/PD Upgrade Card Readers $130,000 $200,000 $150,000 Totals $1,500,000 $19,165,000 $225,000 $‐$2‐4 million $5‐6 million $ 2,285,000 44 FY24 Proposed Budget 114 Town of Trophy Club Annual Program of Services 45 FY24 Proposed Budget 115 Town of Trophy Club Annual Program of Services 46 FY24 Proposed Budget 116 Town of Trophy Club Annual Program of Services 47 FY24 Proposed Budget 117 Town of Trophy Club Annual Program of Services 48 FY24 Proposed Budget 118 Town of Trophy Club Annual Program of Services 49 FY24 Proposed Budget 119 Town of Trophy Club Annual Program of Services 50 FY24 Proposed Budget 120 Town of Trophy Club Annual Program of Services 51 FY24 Proposed Budget 121 Town of Trophy Club Annual Program of Services 52 FY24 Proposed Budget 122 Town of Trophy Club Annual Program of Services 53 FY24 Proposed Budget 123 Town of Trophy Club Annual Program of Services 54 FY24 Proposed Budget 124 Town of Trophy Club Annual Program of Services 55 FY24 Proposed Budget 125 Town of Trophy Club Annual Program of Services 56 FY24 Proposed Budget 126 2 1 7 7 The Town Council for the Town of Trophy Club, Texas, will hold a public hearing on the Fiscal Year 2023-24 Annual Program of Services (Budget), on Monday September 11, 2023, at 6:00 p.m. in the Town Council Chambers at Town Hall, located at 1 Trophy Wood Drive, Trophy Club Texas. The meeting will be held for the purpose of receiving community input on the Budget. THIS BUDGET WILL RAISE MORE TOTAL PROPERTY TAXES THAN LAST YEAR’S BUDGET BY $904,831 or 8.7% AND OF THAT AMOUNT $44,835 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR. A copy of the budget document is available at Town Hall Monday through Friday from 8:00 am to 5:00 pm. All interested citizens are encouraged to attend and express their views. 127 2 1 7 8 TO: Star Telegram / Classifieds Dept.DATE: 8/15/2023 FROM: April Duvall - Finance PAGES: 1 RUN DATE: August 17, 2023 (Thursday)SUBJECT: Public Notifications TOWN OF TROPHY CLUB NOTICE OF PUBLIC HEARING Thursday, August 17, 2022 The Town Council for the Town of Trophy Club, Texas will hold a Public Hearing on the Fiscal Year 2023-24 Annual Program of Services (Budget), on Monday, September 11, 2023, at 6:00 p.m. in the Town Council Chambers at Town Hall, located at 1 Trophy Wood Drive, Trophy Club, Texas. The meeting will be held for the purpose of receiving community input on the Budget. THIS BUDGET WILL RAISE MORE PROPERTY TAXES THAN LAST YEAR’S BUDGET BY $904,831 OR 8.7% AND OF THAT AMOUNT $44,835 IS TAX REVENUE TO BE RAISED FROM NEW PROPERTY ADDED TO THE TAX ROLL THIS YEAR. All interested citizens are encouraged to attend and express their views. A copy of the budget document is available at Town Hall, Monday thru Friday, from 8:00 a.m. to 5:00 p.m. 128 Page 1 of 2 To: Mayor and Town Council From: Patrick Arata, Interim Town Manager CC: Terri Johnson, Interim Town Secretary April Duvall, Finance Director Re: Ad Valorem Tax - Not to Exceed Rate Town Council Meeting, August 14, 2023 Agenda Item: Consider and take appropriate action regarding a record vote on a not-to-exceed Fiscal Year 2024 Ad Valorem Tax Rate and schedule a public hearing to meet Truth in Taxation requirements and/or as required by the Charter and related matters (A. Duvall). Strategic Link: Administrative & Financial Services – Exercise fiscal discipline in all Town operations. Background and Explanation: The proposed Fiscal Year 2024 budget includes an Ad Valorem Tax Rate of $0.415469/$100 of valuation. Of the $0.415469/$100 tax rate, $0.315670/$100 is for Maintenance and Operations and $0.099799/$100 is to service the Town’s debt requirements for the upcoming fiscal year. The No-New-Revenue Rate for Fiscal Year 2024 is $0.303792/$100 and the Voter Approval Rate is $0.415469/$100. The proposed not to exceed tax rate must be approved via a record vote. This rate does not trigger a rollback election. Legal Review: Board/Commission/ or Committee Recommendation: Not applicable Staff Recommendation: Staff recommends setting a Not to Exceed Property Tax Rate of $0.415469/$100 Ad Valorem Tax Rate, and setting a public tax rate hearing for Monday, September 11, 2023. 129 Page 2 of 2 Attachments: •2023 Tax Rate Calculation Worksheet 130 2023 Tax Rate Calculation Worksheet Form 50-856 Taxing Units Other Than School Districts or Water Districts TOWN OF TROPHY CLUB Tax ing Unit Name Phone (area code and number) Tax ing Unit's Address, City, State, ZIP Code Taxing Unit's Website Address GENERAL INFORMATION : Ta x Code Section 26.04(c) requires an officer or emp loyee designated by the governi ng body to calcu late the no-new-revenue (NNR) tax rate and voter-approval tax rate for the taxing unit. These tax rates are expressed in dollars per $100 of taxable value calculated . The calculation process starts after the chief appraiser delivers to the taxing unit the certified appraisal roll and the estimated values of properties under protest. The designated officer or employee sha ll certify that the officer or employee has accurately calculated the tax rates and used values shown for the certified appra isa l ro ll or certified est imate. The officer or employee submits the rates to the governing body by Aug . 7 or as soon thereafter as practicable . School districts do not use this form, but instead use Comptroller Form 50-859 Tax Rate Calculation Worksheet, School District without Chapter 313 Agreements or Comptroller Form 50-884 Tax Rate Calculation Worksheet, School District with Chapter 313 Agreements. Water districts as defined under Water Co de Section 49 .001 (1) do not use th is form, but instead use Comptroller Form 50-858 Water District Voter-Approval Tax Rate Worksheet for Low Tax Rate and Developing Districts or Compt roll er Form 50-860 Developed Water District Voter-Approval Tax Rate Worksheet. The Comptro ller 's office prov ides this worksheet to assist taxing units in determin ing tax rates. The information provided in this worksheet is offered as technical assistance and not legal advice. Taxing units should consult legal counsel for interpretations of law regarding tax rate preparation and adoption . SECTION 1: No-New-Revenue Tax Rate The NNR tax rate enables the public to eva luate the relationship between taxes for the prior year and for the current year based on a tax rate that would produce the same amount of taxes (no new taxes) if applied to the same properties that are taxed in both years. When appraisa l values increase, the NNR tax rate should decrease . The NNR tax rate for a county is the sum of the NNR tax rate s ca lcu lated for each type of tax the county levies . While uncommon, it is possible for a taxing unit to prov ide an exemption for only maintenance and operations taxes . In this case, the taxing unit w ill need to calculate the NNR tax rate separately for the maintenance and operations tax and the debt tax, then add the two com ponents together. Une C . _ No-N&Yrftevenue Tax Rate Work$heet ' ·' 1. 2022 total taxable value. Enter the amount of 2022 taxable value on the 2022 tax roll today. Include any adjustments since last year 's certification; exclude Tax Code Section 25.25(d) one-fourth and one-third over-appraisal corrections from these adjustments. Exclude any property va lue subject to an appeal under Chapter 42 as of July 25 (will add undisputed value in Line 6). This total includes the taxable value of homesteads with tax ceil- ings (will deduct in Line 2) and the captured value for tax increme nt financing (adjustment is made by deducting TIF taxes, as reflected in Line 17).1 2. 2022 tax ceilings. Counties , cities and junior college districts. Enter 2022 total taxab le value of homesteads with tax cei lings. These include the ho mesteads of homeowners age 65 or older or disabled. Other taxing units enter 0. If your taxing unit adopted the tax ceiling provision in 2022 or a prior year for homeowners age 65 or older or disabled , use this step.' 3. Preliminary 2022 adjusted taxable value. Subtract Line 2 from Line 1. 4. 2022 total adopted tax rate . 5. 2022 taxable value lost because court appeals of ARB decisions reduced 2022 appraised value. A. Original 2022 ARB values: ............................................................................ $ 32 ,734,000 B. 2022 values resulting from final court decisions: .. ·················································· _ $ 26,150,000 C. 2022 value loss. Subtract B from A.' 6 . 2022 taxable value subject to an appeal under Chapter 42, as of July 25 . A. 2022 ARB certified value : ................................................................... ········· $ 91,056,812 B. 2022 disputed value: ................................................................................. -$ 17 ,480 ,663 C. 2022 undisputed value . Subtract B from A.• 7. 2022 Chapter 42 related adjusted values. Add Line SC and Line 6C. 'Tex. Ta x Cod e §26 .012 (14) 'Tex. Ta x Code §26 .012(14) 'Te x. Tax Code §26.012(13 1 •Te x.Ta x Cod e §26 .012(13) · .. .. Amount/Rate $ 2,596 ,951,514 $ 479 ,877 ,596 $ 2,117,073,918 $ 0.434799 /$100 S 6,584,000 $ 73,576,149 $ 80 ,160 ,149 Form developed by: Texas Comptroller of Public Accounts, Property Tax Assistance Division For additional copies, visit : comptroller,texas.gov/taxes/property-tax 50 -856 • 6-23/10 131 2023 Tax Rate Calculation Worksheet- Une \, ._,. ;t~*.,~.,-!_\;; -~ ·'·, r··, ·. , •• 1;::.' No-N..ilevenue Tu Rate Worlcsheet _; ;' :. .. 8. 2022 taxable value, adjusted for actual and potential court-ordered adjustments . Add Line 3 and Line 7. 9. 2022 taxable value of property in territory the taxing unit deannexed after Jan. 1, 2022 . Enter the 20 22 value of property in deann exed territory.• 10. 2022 taxable value lost because property first qualified for an exempt ion in 2023 . If the taxing uni t increased an original exempt ion, use the difference between the original exempted amount and the increased exempted amount. Do not include value lost due to Freeport, goods- in-transit, temporary dis aster exemptions . Note that lowering the amount or percentage of an existing exemption in 2023 does not create a new exemption or reduce ta xable va lue . A. Absolute exempt ions. Use 2022 market va lue: ......................................•....•. ····•······· $ 23 ,845 B. Partial exemptions . 2023 exemption amount or 2023 percentage exempt io n 2,685 ,808 times 2022 value : ..................................................................... , ................ +$ C. Value loss . Add A and B.' 11 . 2022 taxable value lost because property first qualified for agricultural appraisal (1-d or 1-d-1 ), timber appraisal, recreational/scenic appraisal or public access airport special appraisal in 2023. Use only properties that qualified in 2023 fo r the fi rst t ime ; do not use proper- ties that qualified in 2022 . 2022 market value : ................................................................................... 0 A. $ 2023 product ivity or special appraised value : ....... 0 B. ················································ -$ C. Value loss . Subtract B from A. ' 12 . Total adjustments for lost value. Add Lines 9, 1 OC and 11 C. 13 . 2022 captured value of property in a TIF. Enter the total value of 2022 captured appraised value of pr operty taxable by a taxing unit in a ta x increment financi ng zone for which 2022 taxes were deposited in to the tax increment fund . 'If the ta xing unit has no captured apprai sed value in line 18D, enter 0. 14. 2022 total value . Subtract Line 12 and Line 13 from Line 8. 15 . Adjusted 2022 total levy. Multip ly Line 4 by Line 14 and divide by $100. 16. Taxes refunded for years preceding tax year 2022 . Enter t he amount of taxes refunde d by the ta xing unit for tax yea rs preceding tax year 2022. Types of refu nds include co urt decisions, Tax Code Sect ion 25 .25(b) and (c) correctio ns an d Tax Code Sec tio n 31.11 payment err ors . Do not in clude refunds for ta x year 2022 . This line app lies only to tax years preced ing tax year 2022 .' 17 . Adjusted 2022 levy with refunds and TIF adjustment. Add Lines 15 and 16 . 10 18. Total 2023 taxable value on the 2023 certified appra isal roll today. This value in cludes on ly certified values or cert ified estimate of values and inc ludes the total taxable va lue of homesteads with tax cei lin gs (will deduct in Line 20). These homesteads inc lude homeowners age 65 or older or disa bled . 11 A. Certified values : ...................................................................................... $ 3,001 ,391 .615 B. Counties : Include railroad ro ll ing stock values certified by the Comptroll er's office: ................... ... +S C. Pollution control and energy storage system exemption : Ded uct the value of property exempted 0 for the current tax year for the first time as pollution contro l or energy storage system property : ........... -$ D. Tax increment financing : Deduct the 2023 captured apprais ed va lue of property taxable by a ta xing uni t in a tax increme nt financi ng zone for wh ich t he 202 3 taxes will be depos ite d into t he tax increment 18 ,848,904 fund . Do not include any new property value that will be inclu ded in Line 23 be low. 12 •••••.••..• ........ - $ E. Total 2023 value. Add A an d B, then subtract C and D. 'Tex . Tax Cod e §26.012(1 S) 'Te x.Tax Cod e §26 .012 (1S) 'Te x. Tax Cod e §26.012 (1 S) •Tex.Tax Code §2 6.0 3(c) •Tex.Tax Code §26.0 12(1 3) "Tex. Tax Code §26 .0 12(13) "Tex. Ta x Cod e §26 .0 12, 26.04 (c ·2 ) "Tex. Tax Code §2 6.0 J(c) For add it io nal copies, visi t: comptroller.texas .gov/taxes /property-tax FormS0-856 . · ,fiAniount/Rate $ 2,197 ,234 ,067 0 $ $ 2,709 ,653 0 $ $ 2,709 ,653 $ 26 ,659 ,168 $ 2,167 ,865,246 $ 9,425 ,856 $ 17 ,412 S 9,443 ,268 $ 2,982 ,542 ,711 Page 2 132 FormS0 -856 Une , ,•,, .:~iJf::,,: ;, ,;~, ,.,.;., ;,:. No-New-Reven ue Tax Rate Worksheet _. '; ,<.-Amount/Rate ,. . ; .' ·~ ·. ,• ' ' ·•··· ., .,. ' 19 . Total value of propert ies under protest or not included on cert ified app raisal roll . 13 A. 2023 taxable value of propert ies under protest. The chief appraiser certifies a list of properties st ill under ARB protest. The list shows the appraisal district's value and the taxpayer 's claimed value, if any, or an est imate of the value if the taxpayer wins . For each of the prope rties under protest, use the lowest S 26 ,701 ,130 of these values . Enter the total value under protest."· ................................................... B. 202 3 value of properties not under protest or included on certified appraisal roll. The chief appraiser gives tax ing units a list of those ta xable properties that the ch ief appraiser knows about but are not included in the appraisal roll certification . These properties also are not on the list of properties that are still under protest. On t his list of properties, the chief appra iser includes the market value , appraised value and exemptions for the preceding year and a reasonable estimate of the market value, apprai sed value and exemptions for the current year. Use the lower mark et, appraised or taxable value + S 21 ,735 (as appropriat e}. Enter the total value of prope rty not on the certified roll. 15 •••••••••••••••••••••••••••••• C. Total value unde r protest or not cert ified . Add A and B. S 26 ,722 ,865 20. 2023 tax ce iling s. Counti es, cities and junior colleges enter 2023 total taxable value of home steads with tax ce ilings . These include t he home - steads of homeowners age 65 or older or disabled . Other taxing units enter 0. If your ta xing unit adopted the tax ce iling provi sion in 2022 or a pr ior year for homeowners age 65 or older or disab led, use th is step ." S 507 ,819 ,477 21. 2023 total taxable value . Add Lines 18E and 19C. Subtra ct Line 20 . 17 S 2,501 .446 ,099 22 . Total 2023 taxable value of prope rti es in terr it ory annexed aft er Jan. 1, 2022 . Include both rea l and pe rsonal prop erty. Ente r t he 202 3 value of property in territory annexed. 18 s 0 23. To tal 2023 taxable value of new improvements and new personal property located in new improvemen ts. New means the item was not on the appraisal roll in 2022 . An improvement is a building, structure , fixture or fence erected on or affi xed to land. New addit ions to exist- ing improvements may be included if the appraised value can be determined . New persona l property in a new improvement must have been brought into the ta xing un it after Jan . 1, 2022 and be located in a new improvement. New improvements do include property on which a tax abatement agreement has expired for 2023 . 19 s 10 ,743 ,161 24 . Total adj ustments to the 2023 ta xable value. Add Lines 22 and 23 . s 10 ,743 ,161 25 . Adjusted 2023 ta xable value . Subtract Line 24 from Line 21 . $ 2,490,702,938 26. 2023 NNR tax rate. Div ide Line 17 by Line 25 and multiply by $100 . 20 S 0.379 140 /$100 27 . COUNTIES ONLY. Add together the NNR tax rates for each type of tax the county levies . The total is the 2023 county NNR ta x rate ." s $100 SECTION 2: Voter-Approval Tax Rate The voter-approval ta x rate is the highest tax rate that a taxing unit may adopt wit hout holding an election to seek voter approval of t he rate . The voter-approval tax rate is split into two se parate rat es: 1. Ma intenance and Operation s (M&O} Tax Rate : The M&O portion is the tax rate that is needed to rai se the same amount of ta xes that t he ta xing unit levied in the prior yea r plus the applicab le percentage allowed by law. This rate accounts for such things as sa laries , utilities and day-to-day operations . 2. Debt Rate: The debt rate includes the debt service necessary to pay the taxing un it's debt payments in t he com ing year. This rate accounts for pr incipal and interest on bonds and other debt secured by property tax revenue . The vo ter-approval tax rate for a county is the sum of the voter-approva l tax rates calculated for each type of ta x the county levies . In most case s t he vote r-approval ta x rate exceeds the no-new-revenue ta x rate , but occasionally decreases in a taxing un it's debt service wi ll cause the NNR tax rate to be high er than the voter-approval tax rate. Une roval Tax Rate Worksheet 28 . 2022 M&O tax rate . Enter the 2022 M&O tax rate . 29 . 2022 taxable value, adj usted for actual and potent ial court-orde red adjustment s. Enter the amount in Li ne 8 of the No -New-Revenu e Tax Rate Worksheet. "Tex. Tax Code §2 6.0l(c) an d {d) "Tex. Tax Code §2 6.01 {c) "Te x. Tax Code §26.0l {d) "Tex. Tax Cod e §2 6.012(6)1 B) "Tex. Tax Cod e §26.01 2(6) "Tex. Tax Cod e §26.012(17) "Tex. Tax Code §26.012(17) ~Tex.Tax Code §26.04{c) " Tex. Tax Cod e §2 6.04 (dl For addit iona l cop ies , visi t: comptroller.texas .gov/taxes /property-tax S 0.335000 $ 2,197 ,234 ,06 7 /$1 00 Page 3 133 I Districts orWa=e _r D:::ci:.:.t,.,_r'-'ic=---------------------F-o~riim~s..,o_-8=56 Une • Voter~~pproval Tax Rate Worksheet 30 . Total 2022 M&O levy. Mu ltip ly Line 28 by Line 29 and divide by $100 31 . Adjusted 2022 levy for calculat ing NNR M&O rate. A. M&O taxes refunded for years preceding tax year 2022. Enter the amount of M&O taxes refunded in the prece ding year for taxes befo re that year. Types of refunds inc lude court deci sions, Tax Code Section 25 .25(b) and (c) corrections and Tax Code Section 31.11 payment errors . Do not B. C. include refunds for tax year 2022. This line applies only to tax years preceding tax year 2022 ...........•... 2022 taxes in TIF. Enter the amount of taxes pa id into the tax increment fund for a reinvest ment zone as agreed by the taxing unit. If the taxing unit has no 2023 captured appraised value in Line 18D, enter 0 ...................................................................................... . 2022 transferred function. If discontinuing all of a departm ent, function or activity and transferring it to another taxing unit by written contract, enter the amount spent by the taxing unit discontinuing the function in the 12 months preceding the month of th is calcu lation . If the taxing unit did not operate this function for this 12-month period , use the amount spent in the last 13 ,119 +$ ______ _ -$ 63 ,144 ------- fu ll fisca l year in which the taxing unit operated the function. The taxing unit discontinuing the function wil l subtract this amou nt in D be low. The taxing unit receiving the function wi ll add this amount in D below. Other taxing units enter 0 .................................................................... . +/-$ 0 D. 2022 M&O levy adjustments . Subtract B from A. For ta xing unit with C, subtract if discont in uing function and add if receiving function .................................................... . E. Add Line 30 to 31 D. 32 . Adjusted 2023 taxable value. Enter th e amount in Line 25 of the No -New-Revenue Tax Rate Worksheet. 33. 2023 NNR M&O rate (unadjusted). Divide Line 31 Eby Line 32 and multiply by $ 100. 34. Rate adjustment for state criminal justice mandate. 23 If not applicable or less than zero, enter 0. A. B. 2023 state criminal justice mandate. Enter the amount spent by a cou nty in the previous 12 months providing for the maintenance and operation cost of keeping inmates in co unty-pa id facilities after they have been sentenced . Do not include any state re imbu rsement received by the co unty for the same purpose. 2022 state criminal justice mandate. Enter the amount spent by a county in the 12 months prior to the previous 12 months pr ovi ding for the maintenance and ope ra t ion cost of keeping inmates in county-paid faci lities after they have been sentenced. Do not include any state reimbursement received by the county for the same purpose . Enter zero if this is the first time the man date applies ................ . C. Subtrac t B from A and divide by Line 32 and multiply by$ 100 ........................................... . D. Ente r the rate calculated in C. If not applicable, enter 0. 35 . Rate adjustment for indigent health care expenditures." If not applicable or less than zero, enter 0 . ------- $ -50 ,0 25 0 $ ______ _ 0 -$ ______ _ s _0 ____ ~/$100 A. 2023 indigent health care expenditures. Enter the amount paid by a taxing unit providing for the maintenance and operation cost of providing indigent health care for the per io d begi nning on July l , 2022 and ending on June 30, 2023 , less any state assistance received for the same purpose. . . . . • . . . $ _0 _____ _ B. 2022 indigent health care expenditures. Ent er the amount paid by a taxing unit providing for the maintenance and operation cost of providing indigent health care for the period beginning on July l, 2021 and ending on June 30, 2022 , less any state assistance rece ived for the same purpose .................................................................................. . C. Subtract B from A and divide by Line 32 and mu ltip ly by S 100 ........•.....•.....•...............•....... D. Enter the rate calculated in C. If not applicable, enter 0. n [Reserved for expansion] u Tex . Tax Code §26.044 1' Tex. Ta x Code §26.0441 0 -$ ______ _ s_0 ____ _,1s1 00 For additional copies , visit: comptroller.texas.gov/taxes/property-tax $ 7 ,360 ,734 $ 7 ,310 ,709 $ 2 ,490 ,702 ,938 $ 0.293519 /$100 s _0 _____ ,s ,oo s _0 ____ _,s 100 Page4 134 2023 Tax Rate Calculation Worksheet -Taxing Units Other Than School Districts or Water-O~is~t~ric=ts~------------------~F=or~m~S~0~-8~5~6- Une '.?•\•'. ;· ,, Voter•ADDroval Tax Rate Worksheet 36. Rate adjustment for county indigent defense compensation . 21 If not applicable or less than zero, enter 0. A. 2023 indigent defense compensation expenditures . Enter the amount pa id by a county to provide appointed counsel for ind igent indiv iduals and fund the operations of a public defender 's office under Article 26 .044, Code of Criminal Procedure for the period beginning on July 1, 2022 and ending on 0 June 30, 2023 , less any state grants received by the county for the same purpose .......................... s B. 2022 indigent defense compensation expend itures . Enter t he amount pa id by a county to prov ide appointed counsel for indigent individuals and fund the operations of a public defender 's office under Article 26 .044 , Code of Criminal Procedure for the period beginning on July 1, 2021 and ending on 0 June 30, 2022 , less any state grants rece ived by t he county for the same purpose .......................... $ C. Subtract B from A and divide by Line 32 and multiply by $100 ............................................ s 0 /$1 00 D. Mu ltiply B by 0.05 and divide by Lin e 32 and multiply by S 100 ............................................ s 0 /$1 00 E. Enter the lesser of C and D. If not applicable, enter 0. 37 . Rate adjustment for county hospital expenditures." If not applicable or less than zero, enter O. A. 2023 eligible county hospital expenditures . Enter the amount paid by the county or munic ipality to maintain and operate an eligible county hospital for the period begin ning on July 1, 2022 and 0 ending on June 30, 2023 ............................................................................... s B. 2022 eligible county hospital expenditures . Enter the amount paid by the county or municipality to mainta in and operate an eligible county hospital for the period beginning on July 1, 2021 and 0 ending on June 30, 2022 .............................................................................•. $ C. Subtract B from A and divide by Line 32 and multip ly by $100 ............................................ s 0 /$1 00 D. Multiply B by 0.08 and divide by Line 32 and multiply by $100 ............................................ s 0 /$1 00 E. Enter the lesser of C and D, if appli cable . If not appl icab le, ente r 0. 38. Rate adjustment for defunding municipality. This adjustment only applies to a munic ipality that is cons idered to be a defundi ng munic ipal- ity for the current tax year under Chapter 109, Local Government Code. Chapter 109, Lo cal Government Code only applies to municipal it ies wi th a population of more than 250,000 and includes a wr itten determination by th e Office of the Governor. See Tax Code Section 26 .0444 for more information . A. Amount appropriated for public safety in 2022 . Enter the amount of money appropriated for public 0 safety in the budget adopted by the municipality for the preceding fiscal year ............................ $ B. Expenditures for publ ic safety in 2022. Enter the amount of money spent by the mun ic ipality for public 0 safety during the preceding fiscal year .................................................................. s C. Subtract B from A and divide by Line 32 and multiply by $100 ....................•....•.....•....•....•. s 0 /$1 00 D. Enter the rate calculated in C. If not applicable, enter 0. 39. Adjusted 2023 NNR M&O rate . Add Lines 33 , 34D, 35D, 36E, and 37E . Subtract Line 38D . 40. Adjustment for 2022 sales tax specifically to reduce property taxes. Cities, counties and hospital districts that collected and spent addi- tional sales tax on M&O expenses in 2022 should complete this line . These entities will deduct the sales ta x gain rate for 2023 in Section 3. Other ta xing units, enter zero . A. Enter the amount of additional sales ta x collected and spent on M&O expen ses in 2022 , if any. Count ies must exclude any amount that was spent for economic development grants from the amou nt 0 of sales tax spent ...................................................................................... $ B. Divide Line 40A by Line 32 and mult iply by $100 .....................•......... ························· $ 0 /$1 00 C. Add Line 40B to Line 39 . 41. 2023 voter-approval M&O rate . Enter the rate as calculated by the appropriate scenario below. Special Taxing Un it. If the taxing unit qualifies as a special taxing unit, mult iply Line 40C by 1.08 . -or- Other Taxing Unit . If the taxing unit does not qualify as a special taxing un it, mu lt iply Line 40C by 1.035 . "Tex. Ta x Code §2 6.0442 M Tex. Ta x Code §26 .0443 For add it ional copies , visit: comptroller.texas .gov/taxes/property-tax Amount/Rate 0 $ /$100 0 s /$100 0 s /$100 $ 0 .293519 $100 $ 0 .293519 /$100 $ 0 .303792 /$1 00 Pa ge 5 135 e Cakulation Worksheet-Taxing Un its Other Than School Districts or Water Distr icts Une '.';;•:iJ~ Voter-Approval Tax Rate Worksheet 041 . Disaster Line 41 (D41 ): 2023 voter-approval M&O rate for taxing unit affected by disaster declaration . If the ta xing un it is loc at ed in an area declared a disaster area and at lea st one person is granted an exemption under Tax Co de Sect ion 11.35 for property located in t he ta xin g un it, the governing body may di rect t he person calcula ting the voter-ap proval tax rate to calc ul ate in the manne r provided for a special ta xing unit. The taxi ng unit shall continue to calculate the voter-approva l tax rate in th is manner until the earl ier of 1) the first year in wh ich total taxab le value on the cert ified appraisal ro ll exceeds the total taxable value of the tax yea r in which t he disaster occurre d, or 2) the thir d tax year after the tax year in which the disaster occurred If the taxi ng un it qualifi es under this scenari o, multiply Line 40C by 1.08 ." If the ta xing unit do es not qualify, do not compl ete Disas ter Li ne 41 (Line D41 ). 42 . Total 2023 debt to be paid with property taxes and additional sales tax revenue . Debt mean s the interest and principa l that will be paid on debts t hat: (1 ) are paid by property ta xes, (2) are secured by property taxes, (3) are sche du led for payment ove r a period longer than one year, and (4) are not classified in the tax ing uni t 's budget as M&O expen ses. A. Debt also inc ludes contractua l payments to other taxing units that have incurre d debt s on beha lf of this taxing unit, if those debts meet the four conditions above . Include only amounts tha t will be pa id from property tax revenue . Do not include appra isal district bud ge t payments. If the gove rn ing body of a taxing uni t author ized or ag reed to aut horize a bond , warrant, certificate of obligation, or other ev idence of in debtedness on or after Sept. 1, 202 1, verify if it meets the amen ded definition of deb t before including it here. 28 Enter debt amount ..................................................•.....•..........•...............• $ 2 ,888 ,758 B. Subtract unencumbered fund amount used to re duce total debt. ................................•....• - $ 0 C. Subtract certified amount spent from sales tax to reduce debt (enter ze ro if no ne) ....•....•.......... -s 0 D. Subtract amount paid from other resourc es ..........•.....•....•............................•....•.... -$ 0 E. Adjusted debt. Subtract B, C and D fr om A. 43 . Certified 2022 excess debt collections . Enter the amou nt ce rtified by the collector. 29 44. Adjusted 2023 debt. Subtract Li ne 43 from Line 42E. 45 . 2023 anticipated collection rate. A. Enter the 2023 antic ipated collection rate certified by the collector."' 100 .00 ······•············ ················ B. Enter the 2022 actual collection rate ..........................••....•.....•.....•...... 100.07 ····•············ C. En ter the 2021 actua l collection rate .................................................................... 99.50 D. En ter the 20 20 actual collection rate .................................................................... 98 .90 E. If the an t icipated collect ion rate in A is lowe r than actu al collec tio n rates in B, C and D, enter the lowest co ll ect ion rate from B, C an d D. If the an t icipated rate in A is higher than at least one of the rates in the prior three years, enter the rate from A. Note that the rate can be greater t han 100%." 46. 2023 debt adjusted for collections . Divide Line 44 by Line 45E . 47. 2023 total taxable value. Enter t he amou nt on Line 21 of t he No-New -Revenue Tax Rate Worksheet. 48 . 2023 debt rate . Divide Line 46 by Line 47 and mu ltiply by $100 . 49. 2023 voter-approval tax rate. Add Lines 41 and 48. D49. Disaster Line 49 (D49): 2023 voter-approval tax rate for taxing unit affected by disaster declaration . Complete t his line if the ta xing un it calc ulated the voter-approva l tax rate in th e mann er provided for a special tax ing unit on Line D41 . Add Line D41 and 48 . "Te x. Tax Code §2 6.042 {a) n Tex. Tax Code §26.0 12(7) n Tex. Tax Code §26 .012(10) and 26.04 {b) •Tex .Tax Code §2 6.04 (b) "Tex . Tax Cod e §§26.04 (h), {h-1) an d {h-2) For addit iona l copies , vis it: comptroller.texas.gov/taxes /property-tax % % % % Fo rm 50-856 Amount/Rate 0 $ /$100 $ 2 ,888 ,758 S 392,330 $ 2 ,496 ,428 100 .00 % $ 2,496 ,428 $ 2,501 ,446,099 S 0 .099799 /$100 S 0.403591 /$100 $ /$1 00 Page6 136 SO. COUNTIES ONLY. Add together the voter-approval tax rates for each type of tax the county levies . The total is the 2023 county voter-approval tax rate . Form50-856 Amount/Rate 0 s ____ ~1s100 SECTION 3: NNR Tax Rate and Voter-Approval Tax Rate Adjustments for Additional Sales Tax to Reduce Property Taxes Cities, counties and hospital distr icts may levy a sales tax specifica ll y to reduce property taxes. Local voters by election must approve imposing or abolishing the additional sales tax. If approved , the taxing unit must reduce its NNR and voter-approval tax rates to offset the expected sales tax revenue . Th is section should only be completed by a county, city or hospital district that is requ ired to adjust its NNR ta x rate and /or voter-approval ta x rate because it adopted t he addit ional sales tax . Line : Additional Sales and Use Tax Worksheet Amount/Rate •':'.,-' 51 . Taxable Sales. For taxi ng units that adopted the sales ta x in November 2022 or May 2023, enter the Comptroller 's estimate of taxable sales for the previous four quarters . 32 Estimates of taxable sales may be obta ined through the Comptroller 's Allocation Historical Summary we bpage . Taxing units that adopted the sales tax before November 2022 , en ter 0. 0 $ 52. Estimated sales tax revenue. Counties exclude any amount that is or will be spent for economic development grants from the amou nt of esti- mated sales tax revenue ." Taxing units that adopted the sales tax in November 2022 or in May 2023 . Multiply the amount on Line 51 by the sales tax rate (.01, .005 or .0025, as appl ic able) and multiply the result by .95 ." -or- Taxing units that adopted the sales tax before November 2022. Enter the sales tax revenue for the previous four quarters . Do not multiply by .95 . 0 $ 53 . 2023 total taxable value. Enter the amount from Line 21 of the No -New-Revenue Tax Rate Worksheet. 2,501 ,446 ,099 s 54 . Sales tax adjustment rate . Divide Line 52 by Line 53 and multiply by $100 . 0 s /$100 55 . 2023 NNR tax rate, unadjusted for sales tax." Enter the rate from Line 26 or 27 , as applicabl e, on the No -Ne w-Revenue Tax Rate Worksheet. 0.379 140 s /$100 56. 2023 NNR tax rate , adjusted for sales tax . Taxing units that adopted the sales tax in November 2022 or in May 2023. Subtract Lin e 54 from Line 55 . Sk ip to Line 57 if you adopted the additional sales tax before November 2022 . 0.379140 s /$1 00 57. 2023 voter-approval tax rate , unadjusted for sales tax.36 Enter the rate from Line 49, Line D49 (d isaster) or Lin e SO (counties ) as applicable, of the Voter-Approval Tax Rate Worksheet. 0.403591 s /$100 58 . 2023 voter-approval tax rate, adjusted for sales tax . Subtract Line 54 from Line 57 . 0.403591 s /$100 SECTION 4 : Voter-Approval Tax Rate Adjustment for Pollution Control A taxing unit may raise its rate for M&O funds used to pay for a facility, dev ice or method for the con tr ol of air, water or land pollution . This includes any land, structure, building, installation, excavation, mach inery, equipment or device that is used, constructed , acquired or installed wholly or partly to meet or exceed pollution control requirements. The taxing un it's expenses are those necessary to meet the requirements of a permit issued by the Texas Commission on Environmental Quality (TCEQ). The taxing unit must provide the tax assessor with a copy of the TCEQ letter of determination that states the portion of the cost of the installation for pollution control. Th is section shou ld only be completed by a taxing unit that uses M&O funds to pay for a facility, device or method for the control of air, water or land pollution . Une. '·.,'.~: Voter-Approval Rate Adjustment for Pollution Control Requirements Worksheet , 59. Certified expenses from the Texas Commission on Environmental Quality (TCEQ). Enter t he amount certified in the determination letter from TCEQ. 37 The tax ing unit shall provide its tax assessor-co ll ector with a copy of the letter. 38 60. 2023 total taxable value . Enter the amount from Line 21 of the No-New-Revenue Tax Rate Worksheet. 61. Additional rate for pollution control . Div ide Li ne 59 by Line 60 and multiply by $100 . 62. 2023 voter-approval tax rate, adjusted for pollution control. Add Line 61 to one of the following lines (as applicab le): Line 49, Line D49 (disaster), Line SO (count ies) or Line 58 (taxing units with the additional sales tax ). •Tex.Tax Cod e §26 .041 (d) "Tex. Tax Code §26.041 (1) k Te x. Tax Code §26 .041(d) »Te x.Ta x Code §26 .04 (c) •Tex.Tax Code §26 .04(<) "Tex. Ta x Code §26 .04S (d) "Tex . Ta x Cod e §26 .04S (I) For additional cop ies , visit: comptroller.texas.gov/taxes/property-tax Amount/Rate 0 s S 2,501 ,446 ,099 0 s /$100 0.403591 s /$100 Page 7 137 2023Tax Rate Calculation Worksheet-Taxin Units Other Than School Districts or Water Districts FormS0-856 SECTION 5: Voter-Approval Tax Rate AdJustment for Unused Increment Rate The unused incre ment rate is the ra te equa l to t he difference between the adopte d tax rate and voter-approval tax rate adjusted to remove th e unused incre ment rate for the pr ior three years. 39 In a year where a ta xi ng unit adopts a rate by applyi ng any portion of the unused increment rate, the porti on of the unused in cre ment rate must be backed out of the calculation for that year. The differen ce between the adopted ta x rate and adjusted voter-approva l tax ra te is con si dered zero in the following scenar ios : a tax year before 2020; '° a tax yea r in wh ich the municipality is a defund ing mu nic ipality, as defined by Ta x Code Section 26 .0501 (a); 41 or after Jan . 1, 2022 , a tax ye ar in which the comptro ll er determines that the county imp leme nted a budget reduction or rea ll ocation described by Local Governm ent Cod e Section 120.002(a) with out the requi red voter approva l." Indiv idual components can be negative, but the overa ll rate wou ld be the greater of zero or the calculated rate . Th is sect ion sh ould only be completed by a taxi ng unit that does not meet the definition of a special taxing unit. 0 Une Unused Increment Rate Worksheet Amount/Rate 63 . Year 3 component. Subtract t he 2022 actua l tax rate and t he 2022 un used increment rate from the 2022 voter-app rova l tax rate . A. Voter-approval tax rate (Line 67) .......................•.....•.......................................•.. S 0.446677 B. Unused increm ent rate (Line 66) ........•....•...............•................•.....•....•.....•....•... S 0 .0 26763 C. Subt ract B from A .................................................................................... . S 0.419914 D. Adopted Tax Rate ..................•....•....•....•.....•................................•..........•.. S 0.434799 E. Subt ract D from C.. ................................................................................... . S -0.014665 64 . Year 2 component . Subtract the 202 1 actual tax rate and the 2021 unused increme nt rate from the 2021 voter-approva l tax rate . A. Voter-approval tax rate (Line 67).......... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . s 0.471763 B. Unused increm ent rate (Line 66) .....................•..........................••....•.......... , ....•. C. Subtract B from A .................................................................................... . D. Adopte d Tax Rate .....•....•....•....•....•....•..........•................•........................... E. Subtract D from C .................................................................................... .. S 0 .020157 S 0.451606 S 0.445000 S 0 .006606 65. Year 1 component. Subtra ct the 2020 actual tax rate and the 2020 unused in cremen t rate from the 2020 voter-approval tax rate. A. Voter-approva l ta x rate (Line 65)....... . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . s 0.466599 /$100 /$100 /$100 1$1 00 /$10 0 /$1 00 $100 $100 $1 00 $100 /$100 B. Unused increm ent rate (Line 64) ...................•....•..........•.....•.....•....•..........•....•... s_0 ____ ~1s 100 C. Subtrac t B from A .................................................................................... . D. Adop ted Ta x Rate .........•....•....•.........•......................................................•. E. Subt ract D from C. .......................................... . S 0.466599 S 0.446442 S 0 .020 157 /$1 00 /$100 /$1 00 66. 2023 unused increment rate. Add Lines 63E, 64E and 65E. S 0 .0 11676 67. Total 2023 voter-approval tax rate , including the unused increment rate. Add Line 66 to one of the fo ll owing li nes (as applicab le): Line 49, Li ne D49 (disas ter), Line 50 (co un ties), Li ne 58 (t axing un its with t he addit ional sa les tax) or Li ne 62 (taxi ng units with po llu tion control). S 0 .415469 ~Tex.Ta x Cod e §26 .013 (a) ~Te x.Tax Code §26.013 (c) "Te x. Ta x Cod e §§26.0S0l (a) and (cl "Tex. l ocal Gov't Cod e §120 .00 l(d), effect ive Jan. 1, 2022 "Tex. Ta x Code §26.063 (a)(1) "Tex. Ta x Code §26.012 (8-a) "Tex. Ta x Cod e §26 .063(a)(1) Fo r additional cop ies, visi t: comptroller.texas .gov/taxes/property-tax /$100 1$100 Page 8 138 2023 Tax Rate Calculation Worksheet -Taxing Un its Other Than School Districts or Water Districts FormS0 -8S6 SECTION 6: De Mini mis Rate The de minimis rate is the rate equal to the sum of the no-new-revenue maintenance and operations rate, the rate that will raise $500,000, and the current debt rate for a taxing un it." Th is section should only be completed by a taxing un it that is a municipality of less than 30,000 or a taxing unit that does not meet the definition of a special taxing un it." Une .:f"-~-,. De Mini mis Rate Worksheet Amount/Rate 68. Adjusted 2023 NNR M&O tax rate . Enter the rate from Line 39 of the Voter-Approval Tax Rate Worksheet s 0 .293519 /$100 69 . 2023 total taxable value. Enter the amount on Line 21 of the No -New-Revenue Tax Rate Worksheet. S 2,501,446,099 70. Rate necessary to impose $500,000 in taxes . Divide $500 ,000 by Line 69 and multiply by $100 . 0 .019988 s /$100 71 . 2023 debt rate. Enter the rate from Line 48 of the Voter-Approval Tax Rate Worksheet. 0 .099799 s /$100 72 . De minimis rate . Add Lines 68, 70 and 71. s 0.413306 /$100 SECTION 7: Voter Approval Tax Rate Adjustment for Emergency Revenue Rate In the tax year after the end of the disaster calculation time period detailed in Tax Code Section 26 .042(a), a taxing unit that calcu lated its voter-approval tax rate in the manner prov ided for a special taxing unit due to a disaster must calculate its emergency revenue rate and reduce its voter-approval tax rate for that year.46 Similarly, if a taxing unit adopted a tax rate that exceeded its voter-approval tax rate, calculated normally, without holding an election to respond to a disaster, as allowed by Ta x Code Sect ion 26 .042(d), in the pr ior year, it must also reduce its voter-approval ta x rate for the current tax year." This section will apply to a tax ing unit other than a special ta xi ng unit that: directed the des ignated officer or employee to calcul ate the voter-approval ta x rate of the taxing un it in the manner provided for a spe ci al taxing unit in the pri or year; and the current year is the first tax year in which the total taxab le value of prope rty taxable by the taxing unit as shown on the appra is al roll for the taxing un it subm itted by t he assessor for the taxing unit to the governing body exceeds the total taxable value of property taxable by the taxing unit on January 1 of the tax year in which the disaster occurred or the disaster occurred four years ago . This section will apply to a taxing unit in a disaster area that adopted a tax rate greater than its voter-approval tax rate without holding an elect ion in the prior year. Note: This section does not apply if a taxing unit is continuing to calculate its voter-approval tax rate in the manner provided for a special ta xing un it because it is still with in the disaster calculation time period detailed in Tax Code Section 26.042(a) because it has not met the conditions in Tax Code Section 26 .042(a ){l) or (2). Une ,' :•··· Emergency Revenue Rate Worksheet 73. 2022 adopted tax rate . En te r the rate in Line 4 of the No -New-Revenue Ta x Rate Worksheet. 74 . Adjusted 2022 voter-approval tax rate. Use the taxing unit's Tax Rate Calculation Worksheets from the prior year(s) to complete this lin e. If a disaster occurred in 2022 and the taxing unit calculated its 2022 voter-approval tax rate using a multiplier of 1.08 on Disaster Line 41 (D41) of the 2022 worksheet due to a disaster, complete the applicable sections or lines of Form 50-856-a , Adjusted Voter-Approval Tax Rate for Taxing Units in Disaster Area Calculat ion Worksheet. -or - If a disaster occurred prior to 2022 for which the taxing unit continued to ca lculate its voter-approva l tax rate using a multiplier of 1 .08 on Disaster Line 41 (D41 ) in 2022 , complete the separate Adjusted Voter-Approval Tax Rate for Taxing Units in Disaster Area Calculation Worksheet to recalculate the voter-approval tax rate the taxing un it would have calculated in 2022 if it had generated revenue based on an adopted tax rate using a multiplier of 1 .035 in the year(s) following the disaster." Enter the final adjusted 2022 voter-approval tax rate from the worksheet. -or- If the taxing unit adopted a tax rate above the 2022 voter-approval tax rate without calculating a disaster tax rate or holding an el ection due to a disaster, no recalculation is necessary. Enter the voter-approval tax rate from the prior year 's worksheet. 75. Increase in 2022 tax rate due to disaster. Subtract Line 74 from Line 73 . 76 . Adjusted 2022 taxable value. Enter the amount in Line 14 of the No-New-Re venue Tax Rate Worksheet. 77. Emergency revenue. Mu ltiply Line 75 by Line 76 and divide by S 100. 78 . Adjusted 2023 taxable value. Enter the amount in Line 25 of the No-New -Revenue Tax Rate Worksheet. 79. Emergency revenue rate . Divide Line 77 by Line 78 and mu ltiply by $10 0." "Tex. Tax Cod e §l6.04l(b) "Tex. Ta x Code §l 6.04 2(f) "Tex. Tax Code §l 6.04l(c) "Tex. Tax Code §l6.04l(b) For additional copies, visit: comptrolle r.texas.gov/taxes/property-tax Amount/Rate 0.434799 s /$1 00 0 s /$100 0 s /$1 00 S 2,167,865,246 0 s S 2,490,702 ,938 0 s /$100 Pag e 9 139 ~ue Rate Worksheet 80. 2023 voter-approval tax rate, adjusted for emergency revenue. Subtract Line 79 from one of the following lines (as applicable): Line 49, Line 049 (disaster), Line 50 (coun ti es), Line 58 (taxing units with the add itiona l sa les tax), Line 62 (taxing units with pollution control) or Line 67 F rm 50-856 Amount/Rate (taxing units with the unused incre ment rate). S 0.415469 /$100 SECTION 8: Total Tax Rate Ind icate the applicable total tax rate s as calc ulated above . No-new-revenue tax rate . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . ..................................................... . As applicable, enter the 2023 NNR tax rate from : Line 26 , Line 27 (cou nties), or Line 56 (adjusted for sales tax). Indicate the line number used:~ Voter-approval tax rate .................................................................................................................. . As applicab le, enter the 2023 voter-approval tax rate from : Line 49, Line 04 9 (disaster), Line 50 (count ies ), Line 58 (adjusted for sales tax ), Line 62 (adj usted for pollutio n cont rol), Line 67 (adjusted for unu sed increment), or Line 80 (adjusted for emergency revenue). Indicate the line number used : .§I___ De minimis rate .......................................................................................................................... . If applicable, enter the 2023 de minimis rate from Line 72 . SECTION 9: Taxing Unit Representative Name and Signature $ 0.379140 /$1 00 S 0.415469 /$100 S 0.413306 /$1 00 Enter the name of the person preparing the tax rate as authorized by the governing body of the taxing unit. By signing below, you certify that you are the designated officer or employee of the taxing unit and have accurately calculated th e tax ra te s usin g values that are the same as the va lues shown in the taxing unit's certified appraisal roll or certified estimate of ta xab le value, in accordance with requirements in the Tax Code. so print• April Duvall here Prin ted Name ofTaxi ng Unit Representative ~~~. ,llQO;~:~~ > Du.M~n, 08/07/2023 Date "Tex. Tax Code §§26.04(<·21 and (d-2) For additional copies, visit: comptroller.texas.gov/taxes/property-tax Page 10 140 N otice About 2023 Tax Rates Property tax ra tes in T OWN OF TROPHY CLUB . This notice concerns the 2023 property tax rates for T OWN OF TROPHY CLUB . This notice provides in fonnation about two tax rates used in adopting the current tax y ear's tax rate. The no-- new-reven ue tax rate would Impose the same a mount of ta x es a s last year if you compare properti es taxed in both years. In most cases, the voter-approv al tax rate is the highest ta x rate a taxing unit c an adopt without holding an election. In each case, these rates a re calculated by di v iding the total amount of taxes b y the current taxa ble value with adj ustments as req uired by state law. The rate s are g iv en per $100 of property valu e . This year 's no-new-revenue tax rate This year 's voter-approval tax rate To see the full calculations, pl ease visit 1505 E. McKinney Street Denton, T X 76209 for a copy of th e Tax Rate Ca lcula tion Worksheet. Unencumbered Fund Balance $0.379140/$100 $0.41 5469/$100 The following estimated balances w ill be left in the taxing uni t's a ccounts at the end of the fi scal year. These balances are no t encumbered by correspo ndin g debt obligation. Type of Fund Balance GE NE RAL FUND 6,332,5 14 DEBT SERVI CE FU ND TIRZ Current Year Debt Service 107,970 -224,233 The fo ll owing amounts are for lon g-tenn debts that are sec ur ed by property tax es. These amounts will be paid from upcoming p roperty tax re venues (or additional sal es ta x revenu es, if appl icab le). Principal or Contract Inte rest to be Oth er Amounts Description of Debt Payment to be Paid Paid from to be Paid Total Pay ment from Property Tax es Property Tax es CO S ERI ES 200 4 35,000 1,663 0 36,663 CO S ERJ ES 2013 270,000 18,775 0 288,775 CO S ERI ES 2014 120,000 52 ,038 0 172 ,038 GO REFUNDING SERI ES 240 ,000 10,573 0 250,573 20 15 GO SE RJ ES 201 6 240 ,000 90 ,425 0 330,425 CO SERIES 20 16 200 ,000 78,956 0 278,956 CO SERIES 20 17 170,000 83,725 0 253,725 GO REF SERJ ES 2020 245,000 20,822 0 265,822 CO SERJES 20 21 55,000 8 1,150 0 136,150 CO SERIES 2023 700 ,5 05 175,126 0 8 75,631 Total required for 2023 debt service $2,888,758 -Amount (if any) paid from fund s listed in une nc umbered funds $0 -Amount (if any) pa id from other resourc es $0 -Excess collections la st y ea r $392,330 = Total to be pa id from taxes in 2023 $2,496,428 + Amo unt added in anticipation that the unit will $0 collect only 100.00% of its taxes in 2023 = Total d ebt levy $2,496,428 This notice c ontains a s ummary of actua l no-new-rev enu e and voter-approv al calcula tions as certified by Michelle French , Denton Co unty Tax Assessor/Collector on 08/0 1/2023 . Vis it Texas.gov/PropertyTaxes to find a lin k to your loca l property ta x database on which you can easily access infonnation regarding your property taxes, including information about proposed tax rates a nd scheduled public hearings of each enti ty that taxes yo ur property. The 86th Texas L egi sla ture m odi fi ed the manner in which the voter-approval ta x rate is calcul ated to limit the rate of growth of property taxes in the state . 141 Page 1 of 1 To: Mayor and Town Council From: Patrick Arata, Town Manager CC: Tamara Smith, Assistant to the Town Manager Re: Public Arts Establishment Agenda Item: Consider and take appropriate action on the establishment of a Public Arts Committee, Commission, or Board. Strategic Link: Infrastructure & Development-Collaborate effectively with other governmental entities. Background and Explanation: During the July 25, 2023, Council meeting, the Council discussed bringing back this agenda item to take action. The action would establish a Public Arts Subcommittee into a board, committee, or commission. The Boards & Commissions handout distributed on July 25th provided a public art option and suggested scope of work. In the attachments is an updated handout. On page 7 in the Boards & Commissions handout, the Charter Review Commission changed from making charter amendments to recommendations to the Council for clarification. Attachments: Boards & Commissions Handout-updated 142 BOARDS & COMMISSIONS 143 02 CO NTENT CURRENT BOARDS & COMMISSIONS ESTABLISH FUNCTION RULED AUTHORITY PUBLIC ARTS SC OPE OF WORK CONTENT 2 03 04 05 06 07 08 09 144 Board Commission Corporation Reinvestment Zone Committee Animal Shelter Advisory Board Building Standards Commission Economic Development Corporation 4B Tax Increment Reinvestment Zone No. 1 Connectivity Ad Hoc Committee Crime Control and Prevention District Board Charter Review Commission Park and Recreation Board Planning and Zoning Commission Zoning Board of Adjustment Ethics Review Commission CURRENTBOARDS & COMMISSIONS 3 145 ESTABLISH COMMITTEE BOARD COMMISSION TOWN CHARTER TOWN ORDINANCE RESOLUTION TOWN CHARTER TOWN ORDINANCE RESOLUTION 4 146 DISCRETIONARY ADVISORY MANDATORY Charter Review Commission Connectivity Ad Hoc Committee Economic Development Corporation 4B (EDC) Tax Increment Reinvestment Zone No. 1 (TIRZ) Animal Shelter Advisory Board Parks and Recreation Board Ethics Review Commission Planning and Zoning Commission Crime Control Prevention District Board ADMINISTRATIVE Building Standards Commission Zoning Board of Adjustment ADVISORY- POWER TO MAKE RECOMMENDATIONS BUT NOT TAKE ACTION MANDATORY- REQUIRED BY LAW OR BY VOTER'S DISCRETIONARY- AUTHORIZED BY STATUTE- DECISION OF COUNCIL TO CREATE ONE ADMINISTRATIVE- DECISION-MAKING POWERS FUNCTION 5 147 Board Commission Corporation Reinvestment Zone Compliance Animal Shelter Advisory Board Compliance with Chapter 823 Health and Safety Code Building Standards Commission Compliance with Chapter 54 of Local Government Code Charter Review Commission Town Charter Crime Control and Prevention District Board Chapter 363 Local Government Code Economic Development Corporation 4B Development Corporation Act of 1979 4B Planning and Zoning Commission Chapter 283 and 211 of Local Government Code, Acts of the Regular Session of the Legislature Tax Increment Reinvestment Zone No. 1 Texas Tax Code 311 RULED 6 148 Recommendations to Council Shall Hear and Determine Cases When Need Arises to Accomplish Specific Purpose Shall Have Financial Powers Approved by Voters Animal Shelter Advisory Board Zoning Board of Adjustment Connectivity Ad Hoc Committee Economic Development Corporation 4B Crime Control and Prevention District Board Tax Increment Reinvestment Zone No. 1 Building Standards Commission Planning and Zoning Commission Park and Recreation Board Ethics Review Commission Charter Review Commission AUTHORITY 7 149 02Do you want this to be advisory, discretionary, mandatory, or administrative? Do you want this to be a committee, commission, or board? 04What authority do you want to give? 01 Will this be ruled by state law, codes, etc.? PUBLIC ART 03 Establish Function Ruled Authority Options You can make it an ad hoc committee first. You can give us direction to establish a committee, commission, or board. Keep it as a Council Subcommittee. 8 150 The promotion of art and culture that engages the community to make art more accessible and encourages creativity in public spaces. Potential Art and Culture Topics Poet Laureate Public Art Sculptures or Features Dance, Music, Drama, Art Partnership with Business, Schools, and Country Club in Town Historical Restoration and Preservation Projects, Programs, Education SUGGESTED SCOPE OF WORK 9 151 Future Agenda Items August 14, 2023 Future Agenda Items have 3 Categories: 1. Council requested future agenda items that need to be addressed. 2. Researched agenda items that are scheduled to be reported to Council. (first 2-4 weeks) 3. Council requested items that need additional research and will be brought back for public discussion at a Council Meeting. For agenda items with significant research time Council will be updated. The Future Agenda Items list will be attached to the Council Meeting agenda to provide Council with a status on all items. During Council meetings, the future agenda items will be reviewed and removed if completed or added if new agenda items need to be addressed. 1) Develop a Strategic Plan for the Town addressing future goals with budgetary needs for each department. The strategic plan will be addressed at a future workshop. 2) Hogans Glen Drainage. The Hogans Glen Drainage was resolved during the June 13th Council meeting by providing $150,000 from the stormwater drainage funds to the HOA to mitigate the stormwater siltation. The Town discussed this matter in Executive Session on July 25, 2023. 3) Flashing lights at the existing roundabout crosswalk. The Town has received the original signage plan for the round-a-bout at Trophy Club Dr. and Trophy Lake. During the June 27th Council meeting, Councilmember Beach directed Director of Community Development Matt Cox to complete additional research on alternative options for the flashing lights at the next Council meeting. 4) Short-Term Rentals. Councilmember Sheridan would like to review short-term rentals before they become an issue within the Town. During the June 27th Council meeting, Town Attorney David Dodd presented a short-term rental process. Councilmember Bauer would like additional definitions of the word “owner” to be defined in the registration ordinance. The Town has passed this topic to our new Legal Counsel to review and re-visit at a future Council meeting. 5) Town Staff to provide a plan of action for trash baskets in Town-Owned inlets. Councilmember Sheridan would like staff to prepare a plan of action to install trash collector baskets in storm drain inlets in the Town with a not to exceed amount of $75,000. Also, provide a plan to have PD30 put in trash collector baskets when phase 3 begins. Interim Town Manager Arata discussed the item with the Finance subcommittee on June 27th. 6) Public Arts Subcommittee During the workshop on June 27, 2023, Councilmember Oldham added that the public art subcommittee update the Council on the purpose of the subcommittee and look at the transition from the public art subcommittee to a Boards & Commission appointment. On July 25, 2023, the Council was given a Boards & Commission guide. Town Council will discuss and take action at the August 14, 2023, Council meeting. 152 7) Trophy Club Community Pool Councilmember Bauer would like to re-visit Phase 2 of the Trophy Club Community Pool. The request includes looking at the whole project, including slides, finances, and Parks Board recommendations. 8) Trophy Club Park Revenues Councilmember Bauer would like to explore current and new options for revenue at Trophy Club Park. 153