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ORD 2016-42 TOWN OF TROPHY CLUB, TEXAS ORDINANCE NO. 2016-42 AN ORDINANCE OF THE TOWN OF TROPHY CLUB, TEXAS ADOPTING AND APPROVING THE BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2016 AND ENDING SEPTEMBER 30, 2017, 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; PROVIDING FOR ENGROSSMENT AND ENROLLMENT; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the Town of Trophy Club is a home rule municipality regulated by state law and it's Charter; 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 of Trophy Club, Texas (the "Town") 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, 2016, and ending September 30, 2017; 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, public notice of a 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. NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF TROPHY CLUB, TEXAS: SECTION 1. APPROVING THE BUDGET The budget attached hereto as Exhibit "A" and incorporated herein is approved and adopted for the fiscal year beginning October 1, 2016, and ending September 30, 2017; 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. 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 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 2016-42 Page 2 of 4 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 27th day of September 2016. _ C. Nick Sanders, Mayor Town of Trophy Club, Texas [SEAL] ATTEST: /DF Tr?Opy Cj QL6,LA- Lfir14-U3 /ct go._ Holly Fimbr s, Town Secretary cA fr‘ Town of Trophy Club, Texas \, A'iP- •VEDTOASFORM: 41.4OP Jifavid Do. ', Town Attorney own of Trophy Club, Texas ORD 2016-42 Page 3 of 4 EXHIBIT "A" FISCAL YEAR 2016-2017 BUDGET Other Beginning Sources Net Increase Ending Fund Fund Balance Revenue Expenditures (Uses) (Decrease) Balance General Fund 3,833,171 9,441,289 9,497,984 (187,000) (243,695) 3,589,476 Debt Service Fund 129,647 1,888,194 1,967,178 201,862 122,878 252,525 Capital Projects Fund 7,638,285 10,000 9,941,900 7,350,000 (2,581,900) 5,056,385 CCPD Fund 180,269 209,949 201,000 (149,975) (141,026) 39,243 Street Maint. Fund 2,080 223,754 176,975 (25,000) 21,779 23,859 Stormwater Drainage Fund 274,523 427,906 379,375 (66,887) (18,356) 256,167 Trophy Club Park Fund (143,913) 165,000 120,865 (20,000) 24,135 (119,778) Hotel Occupancy Fund 420,523 448,900 637,331 - (188,431) 232,092 Court Technology Fund 20,270 4,000 8,133 - (4,133) 16,137 Court Security Fund 21,643 3,000 2,294 (3,000) (2,294) 19,349 Grants Fund (6,333) - - - - (6,333) EDC 4B Fund 544,191 449,009 439,265 - 9,744 553,935 TIRZ#1 Fund (383,632) 92,674 - - 92,674 (290,958) Recreation Program Fund 3,395 8,000 8,000 - - 3,395 Total $ 12,534,119 $ 13,371,675 $ 23,380,300 $ 7,100,000 $ (2,908,625) $ 9,625,494 ORD 2016-42 Page 4 of 4