HomeMy WebLinkAboutOrdinance 22455-09-2016 Ordinance No. 22455-09-2016
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS
IN THE AMOUNT OF $3,623,005.00, IN THE WATER CAPITAL PROJECTS CLOSED
FUND, FOR THE PURPOSE OF PAYING DEBT ASSOCIATED WITH IMPACT FEE-
ELIGIBLE PROJECTS; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES
IN CONFLICT HEREWITH; AND PROVIDING AN 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 Fiscal Year 2015-2016 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
amount of $3,623,005.00, in the Water Capital Projects Closed Fund, for the purpose of Paying Debt
Associated with Impact Fee-Eligible Projects.
SECTION 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 shall be cumulative of 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 instance said conflicting provisions of said prior ordinances and
appropriations are hereby expressly repealed.
SECTION 4.
This ordinance shall take effect upon adoption.
APPROVED AS TO FORM AND LEGALITY: CITY SECRET
Assist nt City Attorne Mary J. PWsbr
ADOPTED AND EFFECTIVE: September 27, 2016
FID Table for FY16 Impact Fee
FUND IDENTIFIERS(FIDs):
TO
Reference
Fund Department Account Project program Activity Budget # Amount
ID ID Year (Chartficld
2)
1)59608 0700430 4611010 B20004 B02000 2016 $500,000.00
1)59608 1 0700430 5900015 B20004 B02000 2016 $500,000.00
1)59608 0700430 4413023 B20005 B02000 2016 $2,139,672.00
1)59608 0700430 5900015 B20005 B02000 2016 $2,139,672.00
1)59605 0600430 4413023 B20004 B02000 2016 $2,000,000.00
1)59605 0600430 5900015 B20004 B02000 2016 $2,000,000.00
1)59605 0600430 4413024 B20005 B02000 2016 $1,623,005.00
1)59605 0600430 5900015 B20005 B02000 2016 $1,623,005.00
2)56001 0600430 4956005 2016 $3,623,005.00
2)56001 0600430 4956005 2016 $2,639,672.00
FROM
Reference
Fund Department Account Project program Activity Budget # Amount
ID ID Year (Chartfield
2)
2)59608 0700430 5900015 B20004 B02000 2016 $500,000.00
2)59608 0700430 5900015 B20005 B02000 2016 $2,139,672.00
2)59605 0600430 5900015 B20004 B02000 2016 $2,000,000.00
2)59605 0600430 5900015 B20005 B02000 2016 $1,623,005.00
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/2712016 - Ordinance No. 22454-09-2016 & 22455-09-
2016
DATE: Tuesday, September 27, 2016 REFERENCE NO.: G-18843
LOG NAME: 60FY16 IMPACT FEE TRANSFER
SUBJECT:
Adopt Appropriation Ordinances Increasing Estimated Receipts and Appropriations in the Amount of
$3,623,005.00 in the Water Capital Projects Closed Fund and in the Amount of$2,639,672.00 in the Sewer
Capital Projects Closed Fund and Authorize Transfer in the Total Amount of$6,262,677.00 to the Water
and Sewer Operating Fund for the Purpose of Paying Debt Associated with Impact Fee-Eligible Projects
(ALL COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinances increasing estimated receipts and appropriations in the
Water Capital Projects Closed Fund in the amount of$3,623,005.00 and in the Sewer Capital Projects
Closed Fund in the amount of$2,639,672.00 from impact fees; and
2. Authorize the transfer to the Water and Sewer Operating Fund in the total amount of$6,262,677.00,
$3,623,005.00 from the Water Capital Projects Closed Fund and $2,639,672.00 from the Sewer Capital
Projects Closed Fund for the purpose of paying debt associated with impact fee-eligible projects.
DISCUSSION:
During the retail cost of service studies, it was determined that the use of impact fee revenues could lower
the amount of water and sewer service revenue required to balance Fiscal Year 2015-2016 budgeted
revenues and expenditures. While Section 35-70.9 (b) of the City Code, " Use of proceeds of impact fee
accounts," prohibits the use of impact fees for operating expenses, those proceeds can be used to pay
principal and interest on debt associated with projects eligible to be funded by impact fees. This transfer of
the total amount of$6,262,677.00, $3,623,005.00 from Water Impact Fee revenue and $2,639,672.00
from Wastewater Impact Fee revenue to the Water and Sewer Operating Fund will be used to pay
principal and interest on existing revenue bonds used to fund impact fee-eligible projects.
This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director or Finance certifies that upon approval of the above recommendations and adoption of the
attached appropriation ordinances, funds will be available in the current Fiscal Year 2016 operating
budget, as appropriated, of the Water and Sewer Fund and Water and Sewer Capital Projects Closed
Funds. In the Capital Projects Fund the current unappropriated revenue exists in the amount of
$8,355,589.69. After appropriation and transfer of$3,623,005.00 to the Water and Sewer Fund, the
unappropriated revenue will be $4,732,584.69. In the Sewer Capital Projects Closed Fund the current
unappropriated revenue exists in the amount of$11,416,663.19. After appropriation and transfer of
Logname: 60FY16 IMPACT FEE TRANSFER Page I of 2
$2,639,672.00 to the Water and Sewer Fund, the unappropriated revenue will be $8,776,991.19.
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccoun Project Program ctivity Budget Reference # moun
ID ID Year (Chartfield 2)
FROM
Fund Department ccoun Project Program ctivity Budget Reference # moun
ID ID Year (Chartfield 2)
CERTIFICATIONS:
Submitted for City Manager's Office by: Jay Chapa (5804)
Originating Department Head: John Carman (8246)
Additional Information Contact: Jane Hale (8438)
Logname: 60FY16 IMPACT FEE TRANSFER Page 2 of 2