HomeMy WebLinkAboutOrdinance 10338,ear '' ,: ~ .. `~ ' e^#+ ~ ,T , r
• ORDINANCE NO. _L_______
Ai~i -ORDINANCE INCREASING THE ESTIMATED RECEIPTS IN THE AIRPORT FUND, FUND 40,
MISCELLANEOUS INCOME, OF THE CITY OF FORT WORTH FOR FISCAL YEAR 1989 BY $1,434,913 AND
APPROPRIATING SAID AMOUNT TO THE AIRPORT FUND, NONDEPARTMENTAL, ACCOUNT NO 55-40-00,
FOR THE PURPOSE OF TRANSFERRING SAID FUNDS TO THE CAPITAL PROJECTS 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 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 1988-89 and in the Budget of the City Manager, there shall also be increased
estimated receipts of $1,434,913 in the Airport Fund, Fund 40, Miscellaneous Income, and
appropriating said amount thereby increasing appropriations by $1,434,913 for the Airport
Fund, Nondepartmental, Account No 55-40-00 for the purpose of transferring said funds to
the Capital Projects 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.
SECTION 3.
That this ordinance shall be cumulative of Ordinance No 10151 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appropriations are hereby expressly repealed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.
APP QED AS TO FORM AND LEGALITY•
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Adopted 11 l t ~~_ _
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AV IATI ON• 1
RECOMMENDATION
It is recommended that City Council
1. Adopt the attached supplemental appropriations ordinance increasing
estimated receipts by $1,434,913 in the Airport Fund 40 and
appropriations by the same amount in Airport Fund 40, Nondepartmental
-- Account Number 55-40-00, and
2. Approve the transfer of $1,434,913 from the Airport Operating Fund 40,
Nondepartmental Account Number 55-40-00 to the Capital Project Reserve
Fund 10, Project Number 010001-00, Unspecified, thereby increasing
estimated receipts by said amount.
hTCCIICC Tf1N
In June 1980, the City of Fort Worth entered into an agreement to sell the
Greater Southwest International Airport. Previously, on May 9, 1979, the
City Council anticipating the sale of the airport, established four
priorities as to how the proceeds would be used as set forth in M&C G-4167.
One of the priorities was to contribute to the General Fund for repayment of
prior year advances.
On June 7th, the sale proceeds for 1989 were deposited into the Airport
Operating Fund 40, in the amount of $1,434,913. To make this amount
available for use in the Capital Project Reserve Fund 10, Project No.
010001-00, Unspecified, a supplemental appropriation ordinance is necessary.
FINANGING
Sufficient funds are available in the Airport Operating Fund 40, for the
supplemental appropriation needed to transfer $1,434,913 to the Capital
Project Reserve Fund 10, Project No. 010001-00, Unspecified. Upon transfer
of these funds the unappropriated balance in the Capital Project Reserve Fund
will be $3,540,865.
DAI b/6
APPROVED BY
c~~r counc~~
.lut, 11 i989
SUBMITTED FOR I ht
CITY MANAGER'S David Ivor
OFFICE BY y
ORIGINATING
DEPARTMENT HEAD Judson Bai 1 i ff 8186
FOR ADDITIONAL INFORMATION Ben Al 1 en 8357
CONTACT
DISPOSITION~$~5/~1~19'1~IL~. O11~ ~0/
^ APPROVED
^ OTHER (DESCRIBE)
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PROCESSED BY
CITY SECRETARY
8 DATE
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