HomeMy WebLinkAboutOrdinance 9809oRDIHAKC~ Ho°
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AH ORDIHAKCE APPROPRIATING 31,584,193 FROM THE FUND BALANCE OF THE AVIATION
FUKD AHD TRAKSFERRIHG SAME 51,584,193 FROM THE AVIATION FUND TO THE CAPITAL
RESERVE FUND, FUND 10, PROJECT #010001-00, UNSPECIFIED FOR THE PURPOSE OF
EARMARKING THESE MONIES FOR REPAYMENT OF PRIOR YEAR ADVANCES FROM THE
GEKERAL FUND; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE
CUMULATIVE OF PRIOR ORDINANCES; REPEALIKG ALL PRIOR ORDIHAKCES IK CONFLICT
HEREWITH; PROVIDING FOR ENGROSSMENT AHD ENROLLMENT; AHD PROVIDING AK
EFFECTIVE DATE.
BE IT ORDAIKED BY THE CITY GOUHCIL 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 1986-87 and in the Budget of the City
Manager, 51,584;193 shall be appropriated from the Fund Balance of the
Aviation Fund, Fund #40, Kondepartmental, Account 55-40-00, and that
81,584,193 be transferred from the Aviation Fund to the Capital Reserve
Fund, Fund #10, Project #010001-00 for the purpose of reserving these
monies for repayment of prior year advances from the General Fund.
SECTION 2.
Should any portion, section or part of a section of this ordinance
declared invalid, inoperative or void for any reason by a court of
competent jurisdiction, such decision, opinion or judgement shall in no
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 Ko. 9690 and
other ordinances and appropriations amending the same except in those
instances where the provisions of this ordinance are in direct conflict
such other ordinances and appropriations, in which instance said
conflicting provisions of said prior ordinances and appropriations are
hereby expressly repealed.
SECTIOK 4.
The City Secretary
engross and enroll this
into the minutes of the
ordinance records of th
be
way
all
wih
of the City of Fort Worth is hereby directed to
ordinance by copying the caption and effective date
City Council and by filing this ordinance in the
e City of Fort Worth.
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SECTION 5. ~--
This ordinance shall take effect and be in full farce and effect from
and after the date of its passage, and it is so ordained.
APPROVED AS TO FORM AHD LEGALITY:
City Attorney
Date: ~°" ~ 3 r ~
Adopted:
Effective:
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DATE NUMBER CE SUBJECT SUPPLEMENTAL APPROPRIATION TO PAGE
2/03/87 **G-6941 AVIATION FUND AND TRANSFER TO CAPITAL lof 1
RECOMMENDATION
It is recommended that the City Council•
1) Approve the attached Supplemental Appropriation Ordinance, increasing
appropriations in the Airports Fund #40, non-departmental, Account #55-40-00
and decreasing total fund equity by $1,584,193 and
2) Approve the transfer of same $1,584,193 from the Airports Fund to Capital
Projects Reserve Fund, Fund #10, Project #010001, Unspecified.
DISCUSSION
In December 1978, the City entered into an agreement to sell Greater Southwest
International Airport (GSIA). On Play 8, 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 Account, earmarking these specifically for repayments to the
General Fund for prior year advances. These monies would be recorded into the
Capital Projects Unspecified Account #010001-00.
The $1,584,193 GSIA sale proceeds received and recorded in the Airport Fund #40,
during fiscal year 1986 have yet to be transferred to the Capital Projects
Reserve Fund. It is recommended that this be done at this time.
FINANCING
ufficient cash dollars are available in the Airports Fund #40, t o fund the
Supplemental Appropriation needed t o transfer $1,584,193 to the Capital Projects
Reserve Fund #10, Unspecified, Project 010001-00.
The appropriation increase will be in Account #55-40-00, Non-departmental, of the
Aviation Fund, #40. Index Code #332692 will be used. Total fund equity of the
Airports Fund will be $21,485,000 after this transfer. Net working capital will
be $756,000 after this transfer.
OVED BY
CITY
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SUBMITTED FOR I Mt
CITY MANAGER'S ~ ~
OFFICE BY• DISPOSITION BY COUNCIL. PROCESSED BY
Q APPROVED
ORIGINATING t
DEPARTMENTHEAD• A
J Bailiff [ OTHER (DESCRIBE)
. CITY SECRETARY
FOR ADDITIONAL INFORMATION
CONTACT LarSOn 8352 Itr~nn$w~~ ~)r~~i~ar~r~ fMQ„ DATE