HomeMy WebLinkAboutOrdinance 9463_'-
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ORDINANCE N0.
AN ORDINANCE APPROPRIATING THE SUM OF $733,360 FROM THE
INSURANCE FUND UNAPPROPRIATED FUND BALANCE ~O ACCOUNT NO.
14 -20-00, INSURANCE; PROVIDING FORA SEVERAEILITY CLAUSE;
MAKING THIS ORDINANCE CUMULATIVE~~~ OE'```' PRIOR ORDINANCES;
REPEALING ALL PRIOR ORDINANCES IN CONFLICT HEREWITH; PRO-
VIDING AN EFFECTIVE ;DATE; AND PROVIDING FOR ENGROSSMENT
AND ENROLLMENT OF' THIS ORDINANCE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS:
SECTION 1.
That there is hereby appropriated from the Insurance Fund
Unappropriated Fund Balance to Insurance Account No. 14-20-00 the
additional sum of $733,360 for the purpose of purchasing fire and
extended coverage insurance and to pay for various claims settled
over the past months.
SECTION 2.
'Should any portion, section or part of a section of this ordi-
nance 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.
This ordinance shall be cumulative of all other ordinances and'
appropriations except in those instances where the provisions of
this ordinance are in direct conflict with such other ordinances and
appropriations, in which instances said conflicting provisions 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hereby expressly repealed.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 in the
minutes of the City Council and by~ filing the ordinance in the ordi-
nance records of the City.
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SECTION 5.
This ordinance shall take effect and be in full force and
effect from and after its passage, and it is so ordained .
APPROVED AS TO FORM AND LEGALITY:
~~
City Attorney
Date: g~ ~ ~~ ~ ~
ADOPTED: ~'%~~J
EFFECTIVE:
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HATER ADMINISlRATidPt
FINANCE T
DATE
8/27/85 REFERENCE
NUMBER SUBJECT.
Appropriation for Insurance Fund PAGE
G-6423 ' °' 1
RECOMPIENDATIONS
It is recommended that the city Council adopt the attached appropriation
ordinance of $733,360 for the Insurance Fund, Account 14-20-00. The Reserve for
Insurance Liabilities after this appropriation will be approximately $2,63h,000.
BACKGROUND
On August 20, 1985 the City Council authorized in P-1798 the purchase of Fire and
Extended coverage i nsurance in the amount of approximately $300,000.
Additionally, various claims have been settled over the past months which have
created expenditures in excess of budgeted amounts. As a result, an
appropriation of $733, 360 is required to cover these expenditures.
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APPROYED PROCESSED BY
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ORIGINATING
• Kay
CeCi 1 Q OTHER (DESCRIBE)
DEPARTMENT HEAD CITY SECRE7ARti
FOR ADDITIONAL iNFORMATI00JUrie Hancock Ext. 7323
La adop~ed~Ordrnance (~o
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