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ORDINANCE NO ~ ~ =`
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AN ORDINANCE INCREASING THE ESTIMATED
RECEIPTS AND APPROPRIATIONS IN THE
SPECIAL TRUST FUND IN THE AMOUNT OF
$10,000 00, FROM INCREASED REVENUE, FOR
THE PURPOSE OF PURCHASING LIBRARY
MATERIALS UNDER THE GUIDELINES OF THE
TRUST, 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 Special Trust Fund in the amount of
$10,000 00, from increased revenues, for the purpose of purchasing
library materials under the guidelines of the trust.
SECTION 2.
Should any portion, section or part of a section of this ordinance be
declared invalid, 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
in 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and appropriations are hereby expressly repealed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
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City Attorne
Date ~- ~~?''~/~ ~-'
Adopted _~ -_~ =~~_Y____Y__
Effective ~__
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DATE REFERENCE NUMBER LOG NAME PAGE
03/03/92 **G-9541 84LEVY 1 of 1
SUBJECT SUPPLEMENTAL APPROPRIATION OF FUNDS FROM ADDIE LEVY TRUST ACCOUNT
RECOMMENDATION:
It is recommended that the City Council authorize the City Manager to:
1. Adopt the attached appropriation ordinance increasing estimated receipts and
appropriations in the Special Trust Fund by $10,000.00 from increased revenue, and
2. Authorize the City Manager to transfer $10,000.00 from the Special Trust Fund to
the General Fund, and
3. Adopt the. attached supplemental appropriations ordinance increasing estimated
receipts and appropriations by $10,000.00 in the General Fund from increased
revenues.
DISCUSSION:
On June 15, 1956, Fort Worth Public Library was named as one of six institutions
entitled to receive either directly or in trust, one-sixth of one-half of the net
residuary of Dan A. Levy's estate The share was placed in trust with MBank of Fort
Worth and is now serviced by Ameritrust. Each year interest earned from the Trust is
deposited in a special trust fund with the City. The provision of Mr. Levy's will
require interest earned from the. Trust be used for the purchase of technological,
business and scientific books and periodicals in memory of his mother, Addie Levy.
All earnings will be used as prescribed by the Will.
In past years, only portions of the amounts received from the Levy estate trust have
been transferred to the General Fund, allowing the Addie Levy Special Trust to grow and
earn additional interest. Therefore, $3,246.49 in funds are currently available in the
Special Trust Fund to be transferred to the General Fund along with the $6,753.51
received this year from the Levy estate trust.
FISCAL INFORMATION/CERTIFICATION•
The Director of Fiscal Services certifies that upon adoption of the attached
Supplemental Appropriations Ordinances and approval of the funds transfer, funds
required for the purchase of Library materials under the terms of the trust will be
available in the operating budget of the General Fund.
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Su itte for City Manager's FUND ACCOUNT CENTER AMOUNT ~kC,ITY~'SECRETA' Y
Office by to ~~ ~®~
1 FE72
441532
013504000000
10,000 0 ~~
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Ramon Guajardo 6143 1 FE72 538070 013504000000 10,000 0 .
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Ado te
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Originating Department Head 3 GGO1 467885 0841000 10,000 0
3 GGO1
521340
42
1 ~A~ ~ Ig~Z
08
00 10,000 0 U
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Linda Allmand 7706 from A~Op (~ QC fi18CiCC ~0•
2 FE72 538070 013504000000 10,000 0 ~~~ .,
For Additiona Information ~--
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Contact
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Linda Allmand 7706 ~c;:t~ait;.Tes~~
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