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Prosper council approves consent agenda and receives finance update
Summary
Council approved the consent agenda (items 2,3,5–12) and later approved the financials (item 4) after staff said modified accrual entries and expected franchise fees will bring the general fund into compliance with the 21% fund‑balance policy.
The Prosper Town Council approved its consent agenda (items 2, 3 and 5–12) by unanimous vote early in the meeting, after removing item 4 (financials) for separate discussion. Town finance staff explained the general fund was below the town’s 21% fund‑balance benchmark on a cash‑basis presentation but said upcoming franchise fee receipts and accrual adjustments would bring the fund into compliance. "We will be in compliance with the fund balance policy," staff said. Marcus Ray moved to approve the financial item after the explanation; the motion passed unanimously.
