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ORDINANCE NO ~~~Y~
AN ORDINANCE INCREASING THE ESTIMATED
RECEIPTS AND APPROPRIATIONS IN THE
GENERAL FUND IN THE AMOUNT OF
$15,000 00 FOR THE PURPOSE OF FUNDING
UNANTICIPATED EXPENSES OF THE
RETIREMENT DIVISION, PROVIDING FOR A
SEVERABILITY CLAUSE, MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR
ORDINANCES AND REPEALING ALL PRIOR
ORDINANCES IN CONFLICT HEREWITH,
PROVIDING FOR ENGROSSMENT AND
ENROLLMENT, AND PROVIDING AN EFFECTIVE
DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF FORT WORTH, TEXAS
SECTION 1
That in addition to those amounts allocated to the various City
departments for the Fiscal Year 1991-92 and in the Budget of the
City Manager, there shall also be increased estimated receipts and
appropriations in the General Fund in the amount of $15,000 00 for
the purpose of funding unanticipated expenses of the Retirement
Division
SECTION 2.
Should any portion, section or part of a section of this ordinance be
declared invalyd, inoperative or void for any reason by a court of
competent jurisdiction, such decision, opinion or judgement shall in
no way impair the remaining portions, sections, or parts of sections
of this ordinance, which said remaining provisions shall be and
remain in full force and effect.
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SECTION 3
That this ordinance shall be cumulative of Ordinance No 10892 and
all other ordinances and appropriations amending the same except
m those instances where the provisions of this ordinance are in
direct conflict with such other ordinances and appropriations, in
which instance said conflicting provisions of said prior ordinances
and appropriations are hereby expressly repealed
SECTION 4
The City Secretary of the City of Fort Worth is hereby directed to
engross and enroll this ordinance by copying the caption and
effective date into the minutes of the City Council and by filing this
ordinance in the ordinance records of the City of Fort Worth
SECTION 5
This ordinance shall take effect and be in full force and effect from
and after the date of its passage, and it is so ordained
APPROVED AS TO FORM AND LEGALITY
~I~~c~City Attorney (a-~ ~~-~
Date. ~/?rll~i
Adopted. v2 ~ ~~~~oL
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DATE REFERENCE NUMBER LOG NAME PAGE
02/11/92 G-9504 13RETIRE 1 of 1
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SUBJE~~'t
SUPPLEMENTAL APPROPRIATION-RETIREMENT ADMINISTRATION
RECOMMENDATION:
It is recommended that the City Council adopt the attached supplemental appropriation
ordinance increasing both estimated revenues and appropriations of the General Fund by
$15,000 each.
DISCUSSION:
Retirement Administration is a division of the Fiscal Services Department and as such
has its operations budgeted as part of the General Fund budget; however, an amount
equal to the budgeted appropriation is included as estimated revenue to reflect the
practice of the Retirement Board's reimbursing the General Fund for the total cost of
the Retirement Administration operation.
Subsequent to adoption of the FY 91-92 budget, additional needs of Retirement
Administration have been identified which are not included in the budget and for which
the Retirement Board has indicated their willingness to increase the reimbursement to
the City.
The most critical unbudgeted need is fora computer to replace one used to maintain all
of the Retirement Fund accounting records and to access information from the bank which
serves as Master Trustee to the Retirement Fund The present computer has ceased to
function and the recommendation from the Information Systems and Services Department
is that it be replaced rather than repair attempted. A replacement is expected to cost
approximately $3,000.
The second unbudgeted need is for approximately $12,000 for travel by the Retirement
Board. The Board plans to attend the National Public Retirement System Annual
Conference in Baltimore. This is the key national conference on public retirement
systems, and the Board believes attendance is crucial to their staying current on
national issues.
FISCAL INFORMATION/CERTIFICATION:
Upon adoption of the recommended supplemental appropriation ordinance, both estimated
revenues and appropriations of the General Fund will be increased by $15,000. The
planned expenditure of this increased appropriation will be done under normal
purchasing guidelines and travel policy.
CB:k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT T
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Office by t ,
GG01 532200 0139000 12,00 C{TY COUNCIL
Charles Boswell 8500 GGO1 541370 0139000 3,00
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