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ORD 2025-27 Adopting Budget FY25-26 TOWN OF TROPHY CLUB, TEXAS ORDINANCE NO. 2025-27 AN ORDINANCE OF THE TOWN OF TROPHY CLUB, TEXAS, ADOPTING AND APPROVING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2025 AND ENDING SEPTEMBER 30, 2026, AND MAKING APPROPRIATIONS FOR EACH DEPARTMENT, PROJECT, OPERATION, ACTIVITY, PURCHASE, ACCOUNT, AND OTHER EXPENDITURES; PROVIDING FOR EMERGENCY EXPENDITURES AND EXPENDITURES AS ALLOWED BY APPLICABLE LAW; PROVIDING FOR FILING OF DOCUMENTS; REPEALING CONFLICTING ORDINANCES; PROVIDING A SEVERABILITY CLAUSE; PROVIDING A SAVINGS CLAUSE; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Town of Trophy Club (the "Town") is a home rule municipality acting under its charter adopted by the electorate pursuant to Article XI, Section 5 of the Texas Constitution and Chapter 9 of the Local Government Code; and WHEREAS, the Charter of the Town provides that the Town Manager shall prepare a proposed budget annually and submit that budget to Council; and WHEREAS, the proposed budget for the Town, attached hereto as Exhibit"A," has been filed with the Town Secretary and is a budget to cover all proposed expenditures of the Town for the fiscal year beginning October 1, 2025, and ending September 30, 2026; and WHEREAS, the proposed budget has been on file with the Town Secretary prior to the 30th day before the date the Town Council makes its tax levy for the fiscal year and such budget has been available for inspection by any person upon request, and has been posted on the Town's website; and WHEREAS, the budget shows as definitely as possible each of the various projects for which appropriations are set up in the budget, shows the estimated amount of money carried in the budget for each of such projects, and otherwise complies with all requirements of the home rule Charter for the Town; and WHEREAS, the Town Council held a public hearing on the proposed budget on August 25, 2025, during a regularly called Town Council meeting at 7:00 held at 1 Trophy Wood Dr. Trophy Club, Texas, and public notice of the public hearing on the proposed annual budget, stating the date, time, and place and subject matter of the public hearing, was given as required by the laws of the State of Texas and Town Charter; and WHEREAS, the Town Council has studied the budget and listened to the comments received at the public hearing and has determined that the budget attached hereto is in the best interest of the Town of Trophy Club. ORDINANCE NO. 2025-27 PAGE 2 NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS, THAT: SECTION 1. APPROVING THE BUDGET The Fiscal Year 2025-2026 Budget All Funds Summary, attached hereto as Exhibit "A" and incorporated herein, is approved and adopted for the fiscal year beginning October 1, 2025, and ending September 30, 2026, and there is hereby appropriated from the funds indicated and for such purposes, respectively, such sums of money for such departments, projects, operations, activities, purchases, accounts, and other expenditures as proposed in the attached budget. SECTION 2. PROVIDING EMERGENCY EXPENDITURES Pursuant to state law, no expenditure of the funds of the Town shall hereafter be made except in compliance with the budget and applicable state law; provided, however, that in case of grave public necessity emergency expenditures to meet unusual and unforeseen conditions,which could not by reasonable, diligent thought and attention have been included in the original budget, may from time to time be authorized by the Town Council as amendments to the original budget. Pursuant to Town Charter, the Council may make emergency appropriations to address a public emergency affecting life, health, property, or the public peace. SECTION 3. PROPERTY TAXES RAISED The following statements are true and correct: This budget will raise more revenue from property taxes than last year's budget by an amount of $562,699, which is a 5.26 percent increase from last year's budget. The property tax revenue to be raised from new property added to the tax roll this year is $50,404. The municipal property tax rate for the preceding fiscal year was $0.415469 per $100. The municipal property tax rates that have been adopted or calculated for the current fiscal year for which this budget is adopted, are as follows: (A) the property tax rate is $0.412864 per $100; ORDINANCE NO. 2025-27 PAGE 3 (B) the No-New Revenue tax rate is $0.393354 per $100; (C) the Voter-Approval tax rate, adjusted for sales tax, is $0.412864 per $100; (D) the De Minimis Rate tax rate is $0.420707 per $100 taxable property value after exemptions; (E) the debt rate is $0.103100 per $100 taxable property value; and (F) the total amount of municipal debt obligations secured by property taxes is $3,083,782. SECTION 4. BUDGET FILED The Town Council shall cause to be filed a true and correct copy of the approved budget, along with this Ordinance, with the Town Secretary and in the office of the County Clerk of Denton County, and Tarrant County, Texas. Additionally, a copy of the budget shall be posted on the Town's internet website. SECTION 5. CONFLICT Any and all ordinances, resolutions, rules, or regulations in conflict with this Ordinance are hereby repealed and rescinded to the extent of the conflict herewith. SECTION 6. SEVERABILITY If any section, article, paragraph, sentence, clause, phrase, or word in this Ordinance or application thereof to any person or circumstance is held invalid or unconstitutional by a Court of competent jurisdiction, such holding shall not affect the validity of the remaining portions of this Ordinance, and the Town Council hereby declares it would have passed such remaining portions of this Ordinance despite such invalidity, which remaining portions shall remain in full force and effect. SECTION 7. SAVINGS All rights and remedies of the Town of Trophy Club, Texas, are expressly saved as to any and all provisions of any other ordinance affecting budget requirements, which have secured at the time of the effective date of this Ordinance. ORDINANCE NO. 2025-27 PAGE 4 SECTION 8. EFFECTIVE DATE This Ordinance shall be effective from and after its date of passage in accordance with law, and it is so ordained. PASSED AND APPROVED by the Town Council of the Town of Trophy Club, Texas, by a vote of le ayes, 525 nays, and 0 abstentions at a regular meeting of the Town Council held this 8th day of September, 2025. Aye Nay Abstention Jeannette Tiffany, Mayor ✓ Rhylan Rowe, Mayor Pro Tem, Place 4 Stacey Bauer, Councilmember, Place 1 Jeff Beach, Councilmember, Place 2 Dennis Sheridan, Councilmember, Place 3 Garry Ash, Councilmember, Place 5 ✓ Steve Flynn, Councilmember, Place 6 ✓ 14V/ ,41 hey Je: ►nett Jffany Mayor to‘ ATTEST: �v qP ARY Tammy Dixon, To Secretary APPROVED TO AS FORM: D og own Attorney ORDINANCE NO. 2025-27 PAGE 5 EXHIBIT "A" FISCAL YEAR 2025-2026 BUDGET ALL FUNDS SUMMARY I � $ > ., .4N rn wNrv � ry ‘'' F wn � > ry m N o ., N — in In in a o o az a 8 . z LL ry on o za I e m g D u w — .,.„, ` a W m IIII m m Q ,a a , .., .,,w w N .! Ef!I!FII w. I iii ' Hi N c ti w,U, -og C,'12 , ?',.. ,..- F, ' F, '-''.•1 3. 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