HomeMy WebLinkAboutOrdinance 10890~sT iD y ~
ORDINANCE NO ~~9d
AN ORDINANCE APPROPRIATING
$1,434,193 00 TO THE AVIATION FUND AND
DECREASING THE UNRESTRICTED,
UNDESIGNATED RETAINED EARNINGS BY THE
SAME AMOUNT FOR THE PURPOSE OF
TRANSFERRING FUNDS TO THE CAPITAL
` PROJECT RESERVE FUND; 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 COUNCII. 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 1990-91 and in the Budget of the
City Manager, there shall also be increased appropriations in the
Aviation Fund in the amount of $1,434,193 00, thereby decreasing
the unrestricted, undesignated Fund Balance by the same amount,
for the purpose of transferring funds to the Capital Project Reserve
Fund
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 10652 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and appropriations are hereby expressly repealed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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~sf• City Attorney
Date __~~ -~v ~~- -------------
Adopted __~=_.S~? =~~------------
Effective
MAS 1'ER FILE• i
ACCOUNTING 2 City of Fort ~t~rt~i, ~"exGlS
TRAN5PORTATtONJPUOLIC WCRICG=~
Nc7ER AOM,INlS' K Mayor and Council C un~rcati~~n
FINANCE
V
DATE REFEREN E NU BER L NANE PA E
08/06/91 **G-9249 55AVIAFT 1 of 1
SUBJECT SUPPLEMENTAL APPROPRIATION TO AVIATION FUND AND TRANSFER TO CAPITAL PROJECTS
RESERVE
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached supplemental appropriations ordinance increasing appropriations
by $1,434,193.00 in the Aviation Fund, and decreasing the unreserved retained
earnings of the Aviation Fund by the same amount, and
2. Approve the transfer of same $1,434,193.00 from the Aviation Fund to the Capital
Projects Reserve Fund, Unspecified.
DISCUSSION:
In June of 1980, the City of Fort Worth entered into an agreement to sell the Greater
Southwest International Airport (GSIA). On May 9, 1979, as the City was anticipating
the sale of GSIA, the City Council established four priorities for the sale proceeds
(M&C G-4167). The third of these priorities was to contribute to the Capital Projects
Reserve Fund, identifying. these specifically as repayments to the General Fund for
prior year advances. These monies would be recorded into the Capital Projects Reserve
Fund Unspecified project.
On June 6, the sale proceeds for 1991 were deposited into the Aviation Operating Fund,
in the amount of $1,434,193. To make this amount available for use in the Capital
Project Reserve Fund, a supplemental appropriation ordinance is necessary.
FISCAL INFORMATION/CERTIFICATION:
The Director of Fiscal Services certifies that upon the adoption of the supplemental
appropriation ordinance, money required for this transfer will be available in the
current budget of the Aviation Fund.
RG:t
Su tte or C ty Nanager's FUND ACCOUNT CENTER ANOUNT CITY SECRETARY
Office by: to
1 PE40 538070 0554000 1,434,193 0 C~ I i COUNCIL
Charles Bosweil 8500 2 G 10 3 0 1 O1 0100 1, 3 ,1
Or~g~nat~ng Department Hea 9aptej Qrd~nance N om ~~~
AU6 ~ 1991
Judson Bailiff 8186 rom
1 PE40 538070 0554000 1,434,193 0 ,
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For Additional Information ~ ~
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Contact:
Judy Harrel 1 8334 Cirg Seczetaxy of thQ
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