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HomeMy WebLinkAboutOrdinance 9209~--,, f; .. „ ~~ ~ ORDINANCE NO. ~~~~ r~ AN ORDINANCE APPROPRIATING ADDITIONAL REVENUE OF THE CITY OF FORT WORTH IN THE AMOUNT OF $50,000 FROM THE UNAPPRO- PRIATED FUND BALANCE OF THE GENERAL FUND TO THE REAL PROPERTY MANAGEMENT DIVISION FUND, ACCOUNT NO. 86-10-00; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL PRIOR ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFEC- TIVE DATE. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. That the City Manager of the City of Fort Worth is hereby authorized to appropriate Fifty Thousand Dollars ($50,000.00) from the Unappropriated Fund Balance of the General Fund and transfer it to the Real Property Management Division Fund, Account No. 86-10-00. 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 judg- ment 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. 8886, 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 instances said conflicting provisions are hereby expressly re- pealed. SECTION 4. That this Ordinance shall take effect and be in full force and effect from and after the date of its passage, and it is so or- dained. APPROVED AS TO FORM AND LEGALITY: ity A/t~torney Date: '7 ADOPTED: EFFECTIVE: J MASTER FILE 1 CITY MAM~.+GER 1 ~2t~ of IF'~r~ . ~~orth, ~~i~~t.(~J •4 n , ~.~c'° /' ~ A'~~OUtJTING 2 ~ s ~ ~ ~ TRANSPORTATIONPI,oIC J(yTr~;.,; ®/~T ~~~ ~®~~~a~ ~®~~~~~~~~~~~®~~ l ~~ REAL PRC DATE REFERENCE suB~ECr SUPPLEMENTAL APPROPRIATION - PAGE 'FINANCE. NUMBER REAL PROPERTY MANAGEMENT 9/11/84 **L-8165 '°' 1 DIVISION - 19fi~/fi4 Background Revenue from the sale of surplus real estate this year has exceeded the esti- mated expenses budgeted by over 400 per cent. Expenses for the activity were budgeted at the lower level based on the previous budget year expenditures. It is necessary at this time to appropriate additional funds to cover increased costs associated with the increased sales. There will be a net gain to the City of approximately $224,262 for the sale of surplus property after this additional appropriation is approved. Real Property Management Division has also had unanticipated expenditures resulting from the death of a long-time employee Financing Due to the above added costs, it is necessary that a Supplemental Appropriation be made from the General Fund, Fund Balance to cover expenses through the end of Budget Year 1983-84 for Real Property Management Division. Recommendation It is recommended that the City Council adopt the attached Supplemental Appro- priation Ordinance appropriating $50,000 from the Unappropriated Fund Balance of the General Fund to the Real Property Management Division Fund, Account No 86-10-00. The Unappropriated Fund Balance after this appropriation will be $7,240,000 MCM b,j APPROV~Q ~~ ~~~~ ~®~~C~~. ScN ~l i984 c,ty s~~>•e.cnry of ~e _____ SUBMITTED FOR THE ~(~ ~ ~ ~ ~ ////_~ /~~j~~_~_ / DISPOSITION BYBY C~OUNCfLi~~. .' PROCES5E0 SY CITY MANAGER'S ~-~~f`/Kib(/ /-._.y~`~~O'~-~'ir4.I~/ OFFICE 8Y ' :~ APPROVED ORIGINATING AdoptedO~lrF~~~F~~'RIE1E~• DEPARTMENT HEAD Mi rhagl,.~.~~~~ PG U ~J~ G 1~ CITY SECRE7ARti FOR AOOIfIONAL INFORMATION '~ CONTACT Michael E Pyles , eXt 8362 DATE