HomeMy WebLinkAboutOrdinance 18517-03-2009Ordinance No. 18517-03-2009
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE GENERAL FUND IN THE AMOUNT OF
51,200,000.00 AND DECREASING THE UNAUDITED. UNRESERVED AND
UNDESIGNATED FUND BALANCE BY THE SAME AMOUNT, FOR THE
PURPOSE OF AUTHORIZING ADDITIONAL COMPENSATION TO BE PAID TO
DELOITTE AND TOUCHE, LLP, FOR THE FISGAL YEAR 2008 FINANCIAL
AUDIT; PROVIDING FOR A SEVERABlLITY GLAUSE; MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR ORDINANCES iN GONFE_ICT
HEREWITH; AND PROVIDING AN EFFEGTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL CF THE CITY OF FORT WORTH,
TEXAS:
SECTION 1.
That in addi#ion to those amounts allaaated to the various City departments for Fiscal Year 2008-
2009 in the Budget of the City Manager, there shall also be increased estimated receipts and
appropriations in the Genera! Fund in the amount of 51,200,000.00 and decreasing the Unaudited,
Unreserved and Undesignated Fund balance by the same amount, for the purpose of authorizing
additional compensation to be paid to Deloitte and Touche, LLP, for the Fiscal Year 2008 Financial
Audit.
SEGT(ON 2.
That 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
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.
That this ordinance shah be cumulative of Ordinance No. 18283 and all other ordinances and
appropdations 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conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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.
This ordinance shall take effect upon adept=.on.
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A!:t~PTED ANta FFFFCTtt~`E: lfl rrr 2r#,.2f?Oc~
City of Fort Vilorth, Texas
Mayor and Council Communication
CC3UNCIL ACTIf1N: Approved an 3!2412009 - C3rdinarzce No. 18597-03-2009.
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DATE: Tuesday, March 24, 2009
LOG NAME: 13REVFY08AUD
REFERENCE NO.: G-16502
SUBJECT:
____._ __
Authorize Increased Fee in the Amount of $869,831.04 with Deloitte and Touche, LLP, for the Fiscal Year
2008 Financial Audit and Adopt Supplemental Appropriation Ordinance Increasing Appropriations by
$1,200,000.00 in the General Fund
RECOMMENDATION:
It is recommended that the City Gauncil authorize the City Manager ta:
1. Authorize an additional $869,831.00 for an independent audit of the financial records of the Gity of Fort
Worth for Fiscal Year 2008; and
2. Adopt the attached supplemental appropriation ordinance increasing appropriations by $1,200,000.00 in
the General Fund and decreasing the Unaudited, Unreserved and Undesignated Fund balance by the
same amount.
DISCUSSION:
The purpose of this Mayor and Council Communication {M&G} is to authorize a fee increase of
$869,831 AO for independent audit services provided by the external auditor, Deloitte and Touche, LLP,
{Deloitte and Touche} for the Fiscal Year ending September 30, 2008.
{?n April 6, 2004, {M&C C-20025) the City Council authorized a contract for financial auditing services with
Deloitte and Touche, for audits of Fiscal Years 2004 through 2008. The original authorized fee for the
Fiscal Year 2008 audit was $330;619.00. The revised fee estimate is $1,200,004.04, an increase of
$889,381.00 over the amount previausiy approved by the Gity Council.
The costs of the City`s audit engagements for Fiscal Years 2004 through 2007 were increased due to
unanticipated work invoiving material weaknesses and follow-up procedures as a result of audit findings
from each of the respective audit years. The Fiscal Year 2008 audit fee increased due to the need to
address overlapping issues from the prior audits combined with enhanced audit industry standards. The
rPVSSed fee iS bc!;seri on an t"at':?SatE t"~t G;3~!S~x f?~5~ trs ti`! r o?'iditct tEle FiSCaI Year 2Q!7~ art;1 ~.
frit"~',`f3E: C'eiritte :~r!ri T:.~!ache ~s ire cn:~pisance uit'~ tl<e G:t*y's MiV`i`BE Grd€r3ante by comtritting #c 1 E
persMert t41i'dVBE pa-~ c4pation on the tote=,< amount paid by the C?ty to :heir firm for the 2(i08 audit.
FISCAL INFC7RMATtt3N l CERTIFICATION:
The Financial ?.nanagemen# Se .t~ces Director cent?fees that upcr~ apt>ro"ra4 of t#te abo~:"e reC„?7~fneandat:onti
;ir#t"!i a'.~tr,L,t. B'4 of til, .x,:ic~£."t?:c~ -aE.~~,: #e,.#i tra..t?, afep ,rp i;^#t#f.'r3 tSri~iftclf':+,sr. ~.!1tero x s. l,°x_ f3`s't3 <i~#i{~: ''?-! +n#: ~t.:YrE?#1'..
v!, {.'f..3.F;-; fie ,~i{,r~: ;r t*aip.3"}~DYit: t~a.~,'r ,. 3k'~!Je"'E. c'~~ ~k.EB'ttE 0.?~~..F#i alFr3ry.~4 dS~., °t`.:d;, t ltxa ii+ x fir. e:^t
#uts~.tsf.:'.`=f=tj t'k€~ s.i '4,~$'... [s~.~.a 4'E:_.t' `.mot t}"t£" .~'nx. r.:?aI C: t1, rt.x .tv rel 8'.3,.,:~:t?La ';.:i'•e 'tf'l4!""ir...t'": ,e.,.er:'~:`.tlw ':~.£.~if*:~.`s ..a ti`!
Lopnarne: t ~itF~'F~'ti8,1E~f7 I'a~e t {rf
Financiai Management Policy Statements.
FUND CENTERS:
Tt} FundtAccauntiCenters FRC}M Fund(AccountlCenters
GG41 5312Q0 094100Q ~w1,200.gg0.00
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CERTIFICATIONS: _ __
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Submitted for City Manager's Offce_by; Karen Montgomery {8222}
Originating Department Head: Lena EIIis {8517}
Additional Information Contact; Mae Gray-Rossi {8325}
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