ORD 2011-36TOWN OF TROPHY CLUB, TEXAS
ORDINANCE NO. 2011-36
AN ORDINANCE OF THE TOWN OF TROPHY CLUB, TEXAS
ADOPTING AND APPROVING THE BUDGET FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2011 AND ENDING SEPTEMBER 30, 2012
FOR TROPHY CLUB ECONOMIC DEVELOPMENT CORPORATION 4B,
AND MAKING APPROPRIATIONS FOR EACH PROJECT,
OPERATION, ACTIVITY, PURCHASE, ACCOUNT AND OTHER
EXPENDITURES; PROVIDING FOR EXPENDITURES AS ALLOWED
BY APPLICABLE LAW; PROVIDING FOR FILING OF DOCUMENTS;
REPEALING CONFLICTING ORDINANCES; PROVIDING A
SEVERABILITY CLAUSE; PROVIDING A SAVINGS CLAUSE;
PROVIDING FOR ENGROSSMENT AND ENROLLMENT; AND
PROVIDING AN EFFECTIVE DATE.
WHEREAS, the Town of Trophy Club (the "Town") is a home rule municipality
regulated by state law and Charter; and
WHEREAS, the Charter of the Town provides that the Town Manager shall
prepare a proposed budget for the Town annually and to submit that budget to Council;
and
WHEREAS, public notice of a public hearing on the proposed annual budget for
both EDC4B and the Town, 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 proposed budget for the Town of Trophy Club, Texas (the
"Budget") which has been filed with the Town Secretary is a Budget to cover all
proposed expenditures of the Town for the fiscal year beginning October 1, 2011, and
ending September 30, 2012 and includes the individual budget for Trophy Club
Economic Development Corporation 4B ("EDC 4B"); and
WHEREAS, the budget for EDC 4B 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 has studied the budget of EDC4B 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.
NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE
TOWN OF TROPHY CLUB, TEXAS:
SECTION 1.
APPROVING THE BUDGET
The budget for EDC4B attached hereto as Exhibit "A" and incorporated herein
is approved and adopted for the fiscal year beginning October 1, 2011, and ending
September 30,2012; and there is hereby appropriated from the funds indicated and for
such purposes, respectively, such sums of money for such projects, operations,
activities, purchases, accounts and other expenditures as proposed in the attached
budget for EDC4B.
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.
BUDGET FILED
The Town Council shall cause to be filed a true and correct copy of the approved
budget for EDC4B, 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 4.
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 5.
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.
ORD 2011-36 Page 2 of4
SECTION 6.
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.
SECTION 7.
ENGROSSMENT AND ENROLLMENT
The Town Secretary of the Town of Trophy Club is hereby directed to engross and
enroll this Ordinance by filing this Ordinance in the ordinance records of the Town as
required in the Town Charter.
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, this 26th day of September 2011.
ATTEST:
nnon DePrat ,Town Secretary
Town of Trophy Club, Texas
[SEAL]
PPROVED AS TO FORM: .. .
Patricia A. Adams, Town Attorney
Town of Trophy Club, Texas
ORD 2011-36
Connie White, Mayor
Town of Trophy Club, Texas
Page 3 of4
ORD 2011-36
EXHIBIT "A"
EDC4B BUDGET
Page 4 of4
TOWN OF TROPHY CLUB, TEXAS
Annual Program of Services
ECONOMIC DEVELOPMENT CORPORATION 4B FUND
Mission
To promote economic development within the Town and the State of Texas in order to eliminate unemployment
and under employment, and to promote and encourage employment and the public welfare of, for, and on behalf
of the town by undertaking, developing, providing, and financing projects* under the Economic Development Act
and as defined in Section 4B of the Act.
Departmental Goal
Funded by quarter-cent sales and use tax receipts, the Trophy Club Economic Development Corporation 4B
(EDC 4B), aims to: design superior strategies and oversight plans that are geared toward intensifying economic
activity and heightening the already superior Trophy Club lifestyle.
Staff
2009-2010
Actual
2010-2011
Budget
2010-2011
Estimate
2011-2012
Adopted
FTE N/A N/A N/A N/A
TOWN OF TROPHY CLUB, TEXAS
Annual Program of Services
EDC4B FUND
FY 2011-12 PROPOSED
REVENUES
ADVERTISING
INCOME
12%
INTEREST INCOME
1%
SALES TAX -
GENERAL
87%
EDC4B FUND
FY 2011-12 PROPOSED
EXPENDITURES
INTERGOV TRANS
OUT (GF)
17%
OFFICE SUPPLIES
2%
AUDITING
1%
SCHOOLS &
TRAINING
1%
DUES &
MEMBERSHIPS
0%
TRAVEL & PER DIEM
4%
ADVERTISING
13%
MISCELLANEOUS
EXPENSES
5%
EDC PROJECTS
40%
INTERGOV TRANS
OUT (GF I&S)
17%
TOWN OF TROPHY CLUB, TEXAS
Annual Program of Services
ECONOMIC DEVELOPMENT CORPORATION 4B FUND
2008-09 2009-10 2010-11 2010-11 2011-12 2012-13 2013-14
DESCRIPTION ACTUAL ACTUAL ADOPTED ESTIMATE PROPOSED PROJECTED PROJECTED
REVENUES 116,651 132,917 128,273 125,273 161,656 164,889 168,187
EXPENDITURES 74,002 91,378 124,595 124,595 161,656 164,889 168,187
TOTAL EXCESS/(DEFICIT) 42,649$ 41,539$ 3,678$ 678$ -$ -$ -$
REVENUES
Sales Tax - General 114,955 $132,420 $126,273 125,000 140,656 143,469 146,339
Interest Income 1,696 497 2,000 273 1,000 1,020 1,040
Advertising Income - - - - 20,000 20,400 20,808
Reserves - - - - - - -
TOTAL REVENUES 116,651$ 132,917$ 128,273$ 125,273$ 161,656$ 164,889$ 168,187$
EXPENDITURES
Auditing - 916 1,000 1,000 1,000 1,020 1,040
Publications/Books/Subscriptions - - - - - - -
Dues & Memberships 350 200 200 200 250 255 260
Schools & Training 760 1,020 2,300 2,300 2,320 2,366 2,414
Travel & Per Diem 2,786 2,225 3,250 3,250 6,800 6,936 7,075
Advertising 7,958 7,672 750 750 21,500 21,930 22,369
Miscellaneous Expenses - 424 10,100 10,100 8,600 8,772 8,947
Community Events - 1,000 - - - - -
EDC Projects 18,911 34,724 55,083 55,083 63,706 64,980 66,280
Intergov Trans Out (GF I&S)26,362 26,362 26,246 26,246 26,783 27,319 27,865
Large Project Reserves - - - - - - -
Intergov Trans Out (GF)16,861 16,835 25,666 25,666 27,697 28,251 28,816
Office Supplies 14 - - - 3,000 3,060 3,121
Printing - - - - - - -
TOTAL EXPENDITURES 74,002$ 91,378$ 124,595$ 124,595$ 161,656$ 164,889$ 168,187$