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HomeMy WebLinkAboutOrdinance 18856-10-2009Ordinance No.1 88 56-1 0-20{}9 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE RISK l~1ANAGEEti1FNT FUND IN THE AMOUNT OF $225,031.04, FROM AVAILABLE FUNDS DUE TQ SUBROGATION RECOVERY, FOR THE PURPOSE OF TRANSFERRING SAID FUNDS TO VAR}OUS FUNDS FOR THE INSURED PROPERTY AND LIABILITY LOSSES; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING AI_L PRIOR ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TE~CAS: SECTION 1. That in addition to those amounts allocated to the various City departments far Fiscal Year 2008-2009 and in the Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Risk Management Fund in the amount of X225,013.04, from available funds due to subrogation recovery, for the purpose of transferring said funds to various funds for the insured property and liabili#y losses. SECTION 2. That 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 judgment 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.18283 and all other ordinances and appropriations amending the same except in Chase 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 upon adoption. APPRO~~.'ED AS TO FORM AND LEGALITY: ~i~y of Ford WQrth1 Texas Mayor and Council Communication COUNCIL ACTION: Approved on 1016!2009 -Ord. No. 18856-10-2009 BATE: Tuesday, October 46, 2449 REFERENCE NQ.: G-16723 LC?G NAME: BRISK TRANSFER FY49 SUBJECT: Adopt an Ordinance for the Risk Management Fund and Transfer Amounts to Various Designated Funds for the Insured Property and Liability Losses RECOMMEN©ATION: It is recommended that the City Council: 1. Adapt the attached supplemental appropriation ordinance increasing estimated receipts and appropriations in the Risk Management Fund by $225,431.44, from available funds due to subrogation recovery; and 2. Authorize the transfer of $235,844.27 from the Risk Management Fund to various funds as listed on the attached table. DiSCUSSItJN: .............._........_..... Throughout the year, the Financial Management Services Department, Risk Management Division, (Risk Management} collects subrogation revenue from individuals who have caused damage to City property, ar are responsible far occupational injuries to City employees from their insurance companies. Annually, the City Council is requested to appropriate these revenues and to transfer them to the City operating fund that has sustained the loss. In addition, these City operating funds are entitled to be reimbursed, far irises covered by the City's self- funded insurance program administered by Risk Management. Approval of the recommendations of this Mayor and City Council Communication affects that reimbursement far lasses covered by the self-funded insurance program. Risk Ma~~ac,er~~er~f has collected un-apr3ropriated si;bragation revenue totaling ~i225.43~.44. No un- a,r,~ropr'alec «~v~-~ s collected from ~or7~r?iercial insurance policies owned by the City. Pursuant to :`/ t~,,.g:~ ~ ~l;i r~ t,+1f," tf~3n~~~r~lre7 {~l~f,, Yi?c: pick °:~~n 3 ~;[~t Fi~f'~j I'F?rr~ hP Y i, v , t ...~ .tie r, ,~~a~~~a v :. . FISCAL.. INFORMATION ~ CERTIFICATION: i ~ ~.. , `T~l~!~ il? V`,~i I I: ! , ~~'~ C'~i,~~~ ~ cif Fund will be recorded as revenue in the General, Crime Control and Prevention District, Water and Sewer C}perating, Solid Waste, Municipal Golf, Information Systems and Engineering Funds. FUND CENTERS: TC} FundJAccount/Centers FRAM FundlAccountJCent~rs GG01 -~~~071 .0~C~15~2 ;164,213,11 FE71 538070...0137140 X75:627.16 GR79 x720'1 . 0352100 X19,954.00 FE71 538040.01371,40 X160,213.11 PE45 472071 060"000 S46.3~3.91 PE64 47207'1, 052500,1 X550.00 PE39 472071 080:005 X6,425,02 P!68 472071.... 0041000 $1,999,,23 P119. 472071... 0301.000 $375.00 FE71 481142 01371{70 X225,031.04 FE71_ _ 538470. 01371.40 X64,817.93 FE71 538040 0137140 ~1C~0 213.11 CERTIFICATIONS: Submitted for City Manager's t}ffice by Karen Montgomery {6222} Lena Ellis 8517 Originating Department_Head { } Additional Information Contact: Nancy McKenzie {7744) SUPPLEMENTAL APPRCJPRIATiON AND TRANSFER FE 71 Subrogation and Commercial Revenue With FY 2049 Recove_ [}tae {l eratin Funds Sustaining ~ ~,ncc Seif-Funded Fund Subrogation { A } Cammerctal Insurance Program Insurance { 13 } { C } General Fund $ 160,127.13 85.9$ GG 01 Crime Control & Prevention Qistrict $ 19_,954.00 G R79 Water & Sewer 44,574.91 $ 1,749.00 PE 45 Solid Waste $ 550.00 PE 64 Municipal Golf Fund $ 6,425.02 PE 39 Municipal Airports Fund PE 40 Parking Fund PE 59 Equipment Services PC 61 Information Systems $ 1,999.23 PI 68 Engineering ~ 375.00 PI 19 En . ironmental ' ~ment 1 _: - __