HomeMy WebLinkAboutOrdinance 9727;,~ ~,
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A
ORDIHAKCE K0. -~~,(~~~-~-
AN ORDIKAKGE INCREASIKG BY 825,000 ESTIMATED REVEKUES IK THE CITY OF FORT
WORTH GENERAL FUND REVENUE ACCOUNT HUMBER 061119, AHD APPROPRIATING 825,000
IK GENERAL FUND AGCOUKT HUMBER 13-90-00, RETIREMEKT FUND ADMINISTRATION,
FOR THE PURPOSE OF REIMBURSING FISCAL YEAR 1985-86 GENERAL FUND
EXPENDITURES; PROVIDIKG FOR A SEVERABILITY CLAUSE; MAKING THIS ORDIHAKCE
CUMULATIVE OF PRIOR ORDIKANCES AND REPEALIKG ALL PRIOR ORDINANCES IN
COKFLICT HEREWITH; PROVIDING FOR ENGROSSMENT AHD ENROLLMENT; AKD PROVIDING
AH 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 1985-86 and in the Budget of the City
Manager, there shall also be increased estimated revenues in the City of
Fort Worth General Fund Revenue account number 061119, and appropriated
from those increased revenues, 525,000 to General Fund Account 13-90-00,
Retirement Fund Administration for the purpose of reimbursing Fiscal Year
1985-86 General Fund expenditures.
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 ray
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.
SECTIOK 3.
That this ordinance shall be cumulative of Ordinance Ho. 9458 and all
other ordinances and appropriations amending the same except in those
instances xhere the provisions of this ordinance are in direct conflict rrih
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hereby expressly repealed.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.
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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 AHD LEGALITY:
City Attorney
Date:
Adopte
Effect
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V1 aTfiR A®MINISTRATiOf( d
DATE REFERENCE
FINANCE:S NUMBER
~~.- 9 30/86 **G-6822
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Recommendation
sue.rECT Supplemental Appropriation For
Retirement Administration to Cover
FY 1986 Expenditures
It is recommended that the City Council:
1) Accept 825,000 from the Retirement Board as reimbursement for
adainistrative charges, thereby increasing Estimated Receipts in the
General Fund by 825,000; and,
PAGE
1 of 1
2) Adopt the attached supplemental appropriation ordinance appropriating
825,000 from the increased revenues of the General Fund to the General
Fund, Finance Department, Retirement Administration Division, Account
13-90-00, for the purpose of reimbursing Fiscal Year 1986 expenditures.
Discussion
The Board of Trustees of the Employees' Retirement Fund of the City of Fort
North voted to contribute to the City the 1985-86 estimated cost of the
Retireaent Administration Division and the cost of group health insurance
for retirees. Due to payment of unbudgeted terminal Ieave and unbudgeted
tesporary help necessitated by the terminations of Retirement Office staff,
expenditures for the Retirement Administration Division are expected to
exceed the adopted 1985-86 budget by 825,000. The Hoard of Trustees voted
on September 22, 1986 to increase the contribution to the City for Fiscal
Year 1985-86 by the 825,000.
Financing
The reimbursement from the Retirement Fund vill provide increased General
Fund revenue frond rhich an appropriation can be made to the Retirement
Administration Division of the General Fund.
Attachment
SUBMITTED FOR '/HG _I
CITY MANAGER'S \\ d/~l ~)1L~
OFFICE BY
- _ _.~~„~
ORIGINATING
DEPARTMENT HEAD A. Judson Bailiff
APPROVEQ BY
CITY COUNCIL
DISPOSI71ON BY COUNCIL: PROCESSED BY
^ APPROVED
^ OTHER (DESCRIBE)
Clt~r S~gretaxp of tkta_
... _. „__...._~, ~17X.~SECRETARY
FOR ADDITIONAL INFO MATS, I Adopted Urainance i~o...~...7a+Z~'i
corvrACT ~.. Judson Bailiff Ext. 8186 +
DATE