HomeMy WebLinkAboutOrdinance 10645_ ~' ORDINANCE IV O. ~'/`v (O,.-~~ ~,
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,. AN ORDINANCE INCREASING APPROPRIATIONS IN THE INSURANCE FUND 71, VARIOUS ACCOUNTS, OF THE CITY
OF FORT WORTH FOR FISCAL YEAR 1989-90 BY THE SUM OF $755,000 AND DECREASING THE UNRESERVED,
UNDESIGNATED FUND BALANCE OF THE INSURANCE FUND 71 BY THE SAME AMOUNT FOR THE PURPOSE OF
PAYING LIABILITY CLAIMS AND LAWSUITS AGAINST THE CITY OF FORT' WORTH, 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.
E3E IT ORDAINED SY 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
1989-90 and in the Budget of the City Manager, there shall also be increased appropriations in the
Insurance Fund 71, Various Accounts, in the amount of $755,000, thereby decreasing the unreserved,
undesignated fund balance by the same amount for the purpose of paying liability claims and lawsuits
against the City of Fort Worth.
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.
SECTION 3
That this ordinance shall be cumulative of Ordinance No. 10363 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provisions of said prior ordinances and appropriations are hereby expressly repealed.
i
SECTION 4. I
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. r
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
------------------------------------
City Attorney
Date
Adopted. ~~' ~
Effective ~~ ! ~~
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E REFERENCE SUBJECT SUPPLEMENTAL APPROPRIATIONS PAGE
NUMBER
ORDINANCE FOR INSURANCE FUND 71
,of-L~
7-24-90 **G-8744
RECOMMENDATION
It is recommended that the City Council adopt the attached
Supplemental Appropriations Ordinance increasing appropriations
in Insurance Fund 71 by $755,000 00 for liability claims and
lawsuits against the City of Fort Worth and decreasing the
Insurance Fund 71 unreserved, undesignated Fund balance by the
same amount
DISCUSSION
The Fiscal Year 1989-90 Budget approved for Fund 71 is $1,615,761
for all four accounts referenced below, however, due mainly to
the increased severity of liability losses in both claims and
lawsuits,"` plus an increase in the number of lawsuit settlements,
as compared to the same time frame last fiscal year, additional
money is needed for the remainder of this fiscal year
FINANCTNG
Upon approval of the above recommendation, sufficient funds will
be available in Insurance Fund 71 The unreserved, undesignated
fund balance in Insurance Fund 71 will be $617,515 00 after this
transfer
The funds shall be distributed among the following Fund 71
Accounts
ACCOUNT AMOUNT INDEX_CODE
15-71-10 Claim Payments and Expenses $150,000 399154
15-71-20 Lawsuit Payments and Expenses 380,000 399188
15-71-30 Commercial Insurance Premiums 175,000 399592
15-71-40 Self Insurance Premium ____50,0.00_ 399832
Total 5755,000
APPROYED BY
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RAM saw
~~~, 1590
SUBMITTED FOR THE
GER'S Ruth Ann McKinney 6125
A DISPOSITION BY COUNCIL.
^ APPROVED PROCESSED BY
OF ICE
BY ~~
ORIGINATING
DEPARTMENT HEAD• B1 ~ `I Herrl ngtOn 7771
^ OTHER (DESCRIBE) .n•n
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ECT2'E AT"RY
TIONAL INFOR~~~IO~jeY•rl ngton 7771
Adopted Ordinance Nop a of e
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CONTACT