HomeMy WebLinkAboutOrdinance 10194'` '~`'' ORDINANCE NO. 1_'~!/_
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AN ORDINANCE APPROPRIATING $1,434,913.00 IN THE AIRPORT OPERATING FUND, FUND 40,
AVIATION DEPARTMENT, NONDEPARTMENTAL, AND DECREASING THE UNRESERVED UNDESIGNATED
FUND BALANCE BY THE SAME AMOUNT 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 1987-88 and in the Budget of the City Manager, there shall also be increased
appropriations in the Airport Operating Fund, Aviation Department, Nondepartmental, in
the amount of $1,434,913, thereby increasing appropriations int he Airport Operating Fund
40, by the same amount 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,
o,pinian 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 thi s ordinance shall be cumulative of Ordinance No 9926 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appropriations are hereby expressly repealed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 Ci ty 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.
AS TO FORM AND LEGALITY:
i
ity Attorn~'y
Date (/_ ~~v~~J~~
Adopted t~ ~ _
Effective ~~ ~ ~~~~ _
Ins.~Ei~~Fl~.c 1~
RANSPORTAT#OM'PUHt,IG ?NORK~ -
1A'fER ADMINISiRAT1UN 1..
'1NANCE P.
~A~rRr
DATE REFERENCE SUBJECT SUPPLEMENTAL APPROPRIATION PAGE
NUMBER FOR CAPITAL PROJECTS RESERVE FUND 1
10-25-88 **G-7792 ' °`!~
Recommendation
It is recommended that the City Council
1. Adopt the attached supplemental appropriation ordinance increasing
appropriations by $1,434,913 in the Airport Operating Fund 40,
Nondepartmental Account Number 55-40-00 and decreasing the Unreserved
Undesignated Fund Balance by the same amount.
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
Discussion
In June of 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 1988 were deposited into the Airport
Operating Fund 40, in the amount of $1,434,913. To m ake this amount
available for use in the Capital Project Reserve Fund 10, Project No
010001-00, Unspecified, a supplemental appropriation ordinance is necessary
Financing
Sufficient funds are available in the Airport Operating Fund 40, to fund the
supplemental appropriation needed to transfer the $1,434,913 to the Capital
Project Reserve Fund 10, Project No 010001-00. Unreserved. The
lJndesignated Fund Balance in the Airport Operating Fund 40 will be $3,185,196
after this transfer
mlmc#1 APPROVED BY
CITY COI~NClL
OCT 25 1~~8
~~~
Cit1r Seoretaxy of the
Gl O 7 V~'
SUBMITTED FOR Ih1t DISPOSITION BY COUNCIL. PROCESSED BY
CITY MANAGER'S
OFFICE BY ^ APPROVED
ORIGINATING ^ OTHER (DESCRIBE)
DEPARTMENT HEAD' A. J , Bai 1 i ff CITY SECRETARY
FOR ADOITiONAL INFORMATION
CONTACT A. J. Bailiff 8185 ?-tdo{Jted Ordinance No< DATE