HomeMy WebLinkAboutOrdinance 22766-06-2017 Ordinance No. 22766-06-2017
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
AVIATION PROJECT OF THE GENERAL CAPITAL PROJECTS CLOSE FUND
(FORMERLY THE CAPITAL PROJECTS RESERVE FUND) BY $2,541,658.66, FROM
PREVIOUSLY AUTHORIZED BUT UNAPPROPRIATED MONEY AND OTHER
AVAILABLE FUNDS, TO BRING THE PROJECT INTO BALANCE IN PREPARATION FOR
CLOSURE; 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 2016-2017 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
General Capital Projects Close Fund (formerly the Capital Projects Reserve Fund) by $2,541,658.66, from
previously authorized but unappropriated money and other available funds, to bring the project into balance
in preparation for closure.
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 Ordinance No. 22394-09-2016 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 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said prior ordinances and appropriations are hereby expressly repealed.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 SECRETARY
16'74-A
Denis . McEI o , Assistant City Attorney Mary J. Kayser
ADOPTED AND EFFECTIVE: June 20, 2016
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 6120/2017 - Ordinance No. 22766-06-2017
DATE: Tuesday, June 20, 2017 REFERENCE NO.: **G-19027
LOG NAME: 03CAPITAL PROJECTS RESERVE FUND APPROPRIATION
SUBJECT:
Facilitate Clean-Up of the Aviation Project in the General Capital Projects Close Fund in Preparation for
Closure by Ratifying Past Transfer to the Municipal Airports Fund and Adopt Appropriation Ordinance (ALL
COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council take the following actions to facilitate closure of the Aviation
project in the General Capital Projects Close Fund formerly the Capital Projects Reserve Fund.
1. Ratify a past transfer to the Municipal Airports Fund for repayment of a prior inter-fund loan; and
2. Adopt the attached ordinance increasing receipts and appropriations in the General Capital Projects
Close Fund by $2,541,658.66 from previously authorized but not appropriated funding and for the ratified
transfers, which will bring the Aviation project into balance for closure.
DISCUSSION:
The purpose of this Mayor and Council Communication (M&C) is to take the necessary actions to bring
the Aviation project of the General Capital Projects Close Fund (formerly the Capital Projects Reserve
Fund) into balance and facilitate the project's closure. This M&C is part of a larger concentrated effort to
balance and close this Fund and other antiquated capital funds that predate ERP implementation.
These recommendations formalize actions associated with final closeout of an interfund loan dating back
to 1990. In that year, City Council approved transfer and appropriation of funds from the Capital Projects
Reserve Fund to Aviation as a loan to make improvements associated with hangar construction at
Meacham Airport (M&C C-12194, Amended by M&C C-14520). Repayment to the Capital Projects
Reserve Fund of the loan was originally anticipated to occur from lease payments made by the hangar's
tenant. The loan created between the Capital Projects Reserve Fund and Aviation was dissolved with
subsequent Mayor and Council actions but the appropriate accounting transactions were not
recorded. The actions outlined within this M&C will allow for the liabilities and receivables between the
funds to be correctly recorded.
This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendation and adoption of the
attached appropriation ordinance, funds will be available in the current capital budget, as appropriated, of
the Capital Project Reserve Fund (aka General Capital Projects Close Fund) sufficient to close the
intended Aviation Department project.
Logname: 03CAPITAL PROJECTS RESERVE FUND APPROPRIATION Page I of 2
FUND IDENTIFIERS (FIDS):
TO
i
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: Susan Alanis (8180)
Originating Department Head: Lynda Johnson (6222)
Additional Information Contact: Terry Hanson (7934)
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