HomeMy WebLinkAboutOrdinance 18286-09-2008Ordinance No. 18286-09-2008
AN ORDINANCE DECREASING THE UNDESIGNATED, UNRESERVED FUND
BALANCE IN THE WORKER'S COMPENSATION FUND IN THE AMOUNT OF
$3,000,000 AND IN THE RISK MANAGEMENT FUND IN THE AMOUNT OF $5,000,000
FOR THE PURPOSE OF TRANSFERRING FUNDS TO THE GENERAL FUND TO
STRENGTHEN FUND BALANCE; PROVIDING FOR A SEVERABILITY CLAUSE;
MAKING THIS ORDINANCE CUMULATIVE OF PRIOR 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 2008-2009 in the
Budget of the City Manager, there shall also be decreased the undesignated, unreserved fund balance in
the Worker's Compensation Fund in the amount of $3,000,000 and in the Risk Management Fund in the
amount of $5,000,000 for the purpose of transferring funds to the General Fund to strengthen fund balance.
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.
The Finance Director certifies that upon approval of the FY 2008-2009 annual appropriation ordinance, and
adoption of this ordinance, funds will be available in the FY 2008-2009 General Fund fund balance. Upon
approval, the projected unaudited, unreserved, undesignated fund balance of the General Fund will be
$427,525 above the minimum reserve fund balance of $53,898,715 required by the City's Financial
Management Policy Statements.
SECTION 4.
That this ordinance shall be incorporated into the ordinance of the municipal government of the City of Fort
Worth for the ensuing Fiscal Year beginning October 1, 2008, and ending September 30, 2009, 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conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 5.
This ordinance shall take effect upon adoption.
APPROVED TO FORM AND LEGALITY:
Assistant ity ttorney
ADOPTED AND EFFECTIVE: September 16, 2008