HomeMy WebLinkAboutOrdinance 11147~~,
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ORDINANCE NO 1~~~-/
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AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS
AND APPROPRIATIONS IN THE GRANTS FUND IN THE
AMOUNT OF $25,000 00 FOR THE PURPOSE OF FUNDING A
LOAN SERVICING POSITION, PROVIDING FOR A
SEVERABILITY CLAUSE, MAKING THIS ORDINANCE
CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL
PRIOR ORDINANCES IN CONFLICT HEREWITH, 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 Grants Fund fri the amount of $25,000 00 for
the purpose of funding a loan servicing position in the Housing and Human Services
Department.
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 udgment shall in no way impair the remaining portions, sections, or parts of
sections ofjthis ordinance, which said remaining provisions shall be and remain in full
force and effect.
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hereby expressly repealed.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
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.
AS TO FORM AND LEGALITY
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11/92
4 9.-.:
SUBJECT'. ~'ASSIGNMENT•:.OF .STAFF~~FOR ADMINISTRATION-OFt*THE CITY'S'.COMMERC~ALtOEV.~ELOPMENT~°'~•
REVOLVING LOAN FUNDS RLF PROGRAM. __ -~'~~~ ^~'~ 'A`''`~ ~ ~`I~~~~~~ ~~--
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RECOMMENDATdON ~°' ~~'C~~~.i t°-.-~i5~ ~• -~
It" i s. recommended that the City Counc l c. fo 'low goy ~ p ""~
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1 ~ Authorize-the. City Manager to transfer $25,000 00 from the Commercial'~Deire"~iopment
Revolving Loan Fund Income Account to the Housing and Human Services Department
in the Grants Fund for a loan servicing position, and
2 Adopt the attached supplemental appropriations ordinance increasing estimated
receipts and appropriations by $25,000 00 in the Grants Fund from increased
revenues
DISCUSSION
On June 9, 1992, the City Council considered M&C C-13406, which would have established
an agreement between the Internal Audit Department and the Housing and Human Services
Department for the assignment of an employee in the Internal Audit Department for
servicing of the City's Commercial Development Revolving Loan (RLF) Program The M&C
was tabled pending further review and consideration by the City Council`s Audit
Committee
At its meeting of June 16, 1992, the Audit Committee expressed concern that the
assignment of an employee from the Internal Audit Department to provide servicing and
monitoring of the RLF Loans was inappropriate The Committee's concern was that
serious questions could arise if the Internal Audit Department were placed in the
position of having to monitor and audit itself Consequently, the Fiscal Services
Department or the Housing and Human Services Department were mentioned as possible
locations for the RLF loan monitoring and servicing activities. Council then directed
staff to determine which department was better suited to house the RLF loan servicing
position
Staff from both the Fiscal Services Department and the Housing and Human Services
Department met and decided that the position should be assigned to the Housing and
Human Services Department The decision was based primarily on the fact that the
Housing and; Human Services Department is responsible to both the U S Department of
Housiri'g and Urban Development (HUD) and the U 5 Department of Commerce, Economic
Developmeht Administration {EDA) for ensuring that proper documentation and records are
maintained on the RLF Program's expenditures and activities
j' ~ At the Council meeting of June 23, 1992, the City Council agreed to accept the
recommendation of Council Member Eugene McCray, Chairman of the Audit Committee, that
M&C C-13406 be denied
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08/11/92
**6-9772"~
~~° 05RLF
2:~of 2
SUBJECTS ASSIGNMENT~OFs~STAFFgfOR DMINISTRATION~UF~.THE-C'ITY'S COMMERCIAL;;DEYELOPMENT,~r~R
REVOLVING LOAN FUND RLF PROGRAM ~ ~~~; ? ,r ~ ^' ,~ ~ f ~.?tx=.~
FISCAL INFORMATION/CERTIFICATION: ,,;:-.a-„~~.F~
The Director of Fiscal Services certifies that upon approva hof Recommendation=l and
adoption of Recommendation 2, funds will be available in the current operating budget
of the Grants Fund~t~for administration of the Commercial Development Revolving{Loan
Program
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Sub~itted for City Manager's
O FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
ffice by: to ~Cy ~®
2 GR76 530000 00520609287 25,000 0 l
f
Libby Watson 6140
1 GR76
451 27
00520609200 25,000.0 ~~~~I
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Originating Departa~ent Head
Sandra Gonzales 7537 from AUG ~.~. 1992
1 GR 6' 451921 00520606000 25,000 0
For A t ona In orawtion „ ~ ~~~
Contact ~
Sandra Gonzales 7531 City Secretary o[ the
Adopted Ordinance No,
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