ORD 2012-23TOWN OF TROPHY CLUB, TEXAS
ORDINANCE NO. 2012-23
AN ORDINANCE OF THE TOWN OF TROPHY CLUB, TEXAS
ADOPTING AND APPROVING THE BUDGET FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2012 AND ENDING SEPTEMBER 30, 2013
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, 2012, and
ending September 30, 2013 and includes the individual budget for Trophy Club
Economic Development Corporation 4B (UEDC 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, 2012, and ending
September 30, 2013; 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 2012-23 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 24th day of September 2012.
ATTEST:
nnon DePrat ,Town Secretary
Town of Trophy Club, Texas
[SEAL]
APPROVED AS TO FORM:
Patricia A. Adams, Town Attorney
Town of Trophy Club, Texas
ORO 2012-23 Page 3 of4
ORD 2012-23
EXHIBIT "A"
EDC4B BUDGET
Page 4 of 4
TOWN OF TROPHY CLUB, TEXAS
Annual Program of Services
ECONOMIC DEVELOPMENT CORPORATION 4B FUND
Mission
To promote economic development within the T own 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
• FTE
2010-2011
Actual
N/A
2011-2012
Budget
N/A
2011-2012
Estimate
N/A
2012-2013
Proposed
N/A
TOWN OF TROPHY CLUB, TEXAS
Annual Program of Services
SALES TAX -
GENERAL
80%
RESERVES
20%
EDC 4B FUND
FY 2012-13 PROPOSED
REVENUES
AUDITING
2%
DUES &
MEMBERSHIPS
0%
SCHOOLS &
TRAINING
2%
TRAVEL & PER
DIEM
2%
ADVERTISING
4%
MISCELLANEOUS
EXPENSES
11%
EDC PROJECTS
35% INTERGOV TRANS
OUT (GF I&S)
15%
INTERGOV TRANS
OUT (GF)
28%
OFFICE SUPPLIES
1%
EDC 4B FUND
FY 2012-13 PROPOSED
EXPENDITURES
TOWN OF TROPHY CLUB, TEXAS
Annual Program of Services
ECONOMIC DEVELOPMENT CORPORATION 4B FUND
2008-09 2009-10 2010-11 2011-12 2011-12 2012-13 2013-14 2014-15
DESCRIPTION ACTUAL ACTUAL ACTUAL ADOPTED ESTIMATE PROPOSED PROJECTED PROJECTED
REVENUES 116,651$ 132,917 123,737 161,656 164,356 196,623 159,755 162,951
EXPENDITURES 74,002 91,378 82,317 161,656 149,649 196,623 152,210 155,254
TOTAL EXCESS/(DEFICIT)42,649$ 41,539$ 41,420$ -$ 14,707$ -$ 7,545$ 7,697$
REVENUES
Sales Tax - General 114,955 $132,420 $123,375 140,656 150,506 156,523 159,653 162,847
Interest Income 1,696 497 362 1,000 - 100 102 104
Advertising Income - - - 20,000 13,850 - - -
Reserves - - - - - 40,000 - -
TOTAL REVENUES 116,651$ $132,917 123,737$ 161,656$ 164,356$ 196,623$ 159,755$ 162,951$
EXPENDITURES
Auditing - 916 1,090 1,000 1,000 $3,500 1,500 1,530
Publications/Books/Subscriptions - - - - - - - -
Dues & Memberships 350 200 450 250 250 $600 612 624
Schools & Training 760 1,020 3,061 2,320 554 $3,670 3,743 3,818
Travel & Per Diem 2,786 2,225 1,711 6,800 4,404 $4,040 4,121 4,203
Elections - - - - - $9,000
Advertising 7,958 7,672 787 21,500 14,350 $6,500 6,630 6,763
Miscellaneous Expenses - 424 2,523 8,600 6,300 $20,341 15,000 15,300
Community Events - 1,000 - - - - - -
EDC Projects*18,911 34,724 14,766 63,706 41,277 $63,193 36,000 36,720
Intergov Trans Out (GF I&S)26,362 26,362 31,683 26,783 26,783 $26,783 27,568 28,119
Large Project Reserves - - - - - - - -
Intergov Trans Out (GF)16,861 16,835 26,246 27,697 52,731 $51,996 53,036 54,097
Office Supplies 14 - - 3,000 2,000 $2,000 2,000 2,040
Printing - - - - - $5,000 2,000 2,040
TOTAL EXPENDITURES 74,002$ 91,378$ 82,317$ 161,656$ 149,649$ 196,623$ 152,210$ 155,254$
*EDC Project Breakdown
Merchandising Plan and Analytics 8,578$
Planning, Marketing, and Design 10,000$
ROW Analysis and Incentives 44,615$
63,193$