HomeMy WebLinkAboutOrdinance 18302-09-2008Ordinance No. 18302-09-2008
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE RISK MANAGEMENT FUND IN THE AMOUNT OF
$270,461.46 FROM AVAILABLE FUNDS DUE TO SUBROGATION RECOVERY;
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 2007-
2008 in the Budget of the City Manager, there shall also be increased estimated receipts and
appropriations in the Risk Management Fund in the amount of $270,461.46 from available funds
due to subrogation recovery.
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. 17749 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conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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.
APPROV D T FORM AND LEGALITY:
Assist it Attorney
ADOPTED AND EFFECTIVE: 5egtember 23L2008
SUPPLEMENTAL APPROPRIATION and TRANSFER
FY 2008 Qtrs. FE 71 Subrogation and Commercial Revenue With Recovery Due Operating Funds Sustaining A Loss
Self-Funded
Fund Subrogation (A) Commercial Insurance Program COMMENT
Insurance (B) (C )
General Fund $ 138,964.26 $ 977.50
GG 01
Crime Control 8
Prevention District $ 55,012.23
GR79
Water & Sewer $ 69,042.85
PE 45
Solid Waste $ 1,487.68
PE 64
Municipal Golf Fund $ 3,462.70
PE 39
Municipal Airports Fund
PE 40
Parking Fund
PE 59
Equipment Services $ 1,430.00 $ 1,729.00
PI 61
Information Systems
PI 68
Engineering $ 2,327.10
PI 19
Environmental
Management
R103 $ 2,197.34
Subtotal $ 270,461.46 $ 6,169.20
Total Recovery (A+B) $ 270,461.46
Total Self-Funded
Insurance Program $ 6,169.20
Transfer/Appropriation
Total $ 276,630.66
APPROPRIATION TRANSPER.TMPLT
9/23I20D8
Cif ®f ®~°t ®r~h, Texas
Mayor and Council Comrnuraication
COUNCIL ACTION: Approved on 9/23/2008 -Ord. No. 18302-09-2008
DATE: Tuesday, September 23, 2008
LOG NAME: 13RISK TRANSFER REFERENCE NO.: **G-16282
SUBJECT:
Adopt Supplemental Appropriation Ordinance for the Risk Management Fund and Transfer Amounts
to Funds Sustaining Losses
_ _ _ - _ _ .~~, v .~ ~ . _ _~ -~~.~,--~~.- _ .~-- _. - -
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached supplemental appropriation ordinance increasing estimated receipts and
appropriations in the Risk Management Fund by $270,461.46, from available funds due to subrogation
recovery; and
2. Authorize the transfer of $276,630.66 from the Risk Management Fund to various funds as listed on the
attached table.
DISCUSSION:
Throughout the year the Finance Department, Risk Management Division collects, subrogation revenue
from individuals who have caused damage to City property, or are responsible for occupational injuries to
City employees from their insurance companies. Annually, the City Council is requested to appropriate
these revenues and to transfer them to the City operating fund that has sustained the loss.
In addition, these City operating funds are entitled to be reimbursed for losses covered by the City's self-
funded insurance program administered by the Finance Department, Risk Management Division. Approval
of the recommendations of -this Mayor and City Council Communication affects that reimbursement for
losses covered by the self-funded insurance program.
The Finance Department, Risk Management Division, has collected un-appropriated subrogation revenue
totaling $270,461.46. No unappropriated money was collected from commercial insurance policies owned
by the City. Pursuant to policy, these funds are being transferred from the Risk Management Fund, where
they were originally recorded, to the various funds sustaining the losses as revenue. Additionally, the
various operating funds are entitled to the transfer of $6,169.20 from the City's self-funded insurance
program for losses covered by that program. These transfers total $276,630.66. Affected funds include the
General Fund, Crime Control & Prevention District Fund, Water & Sewer Fund, Solid Waste Fund,
Municipal Golf Fund, City Services Fund, Engineering Fund and the Environmental Management Fund.
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that upon adoption of the attached supplemental.. appropriation ordinance,
funds will be available in the current operating budgets as appropriated of the Risk Management Fund; the
transfer of funds from the Risk Management Fund will be recorded as revenue in the General, Crime
Logname: 13RISK TRANSFER Page 1 of 2
Control & Prevention District, Water & Sewer, Solid Waste, Municipal Golf, City Services, Engineering and
Environmental Management Funds.
TO Fund/Account/Centers
GG01 472071 0901502 $139.941.76
GR79 472071 0352100 X55,012.23
PE45 472071 0601000 $69.042.85
PE64 472071 0525001 1 487.68
PE39 472071 0804005 3 462.70
PI61 472071 0212010 3 159.00
P119 472071 0301000 2 327.10
R103 472071 0521100 $2.197.34
FE71 481142 0137100 $270.461.46
FE71 538070 0137140 $270,461.46
FROM Fund/Account/Centers
FE71 538070 0137140 $276.630.66
Submitted for City Manager's Office by: Karen Montgomery (6222)
Originating_Department Head: Lena Ellis (8517)
Additional Information Contact: Nancy McKenzie (7744)
,~ _ ~ ~ ~~
Logname: 13RISK TRANSFER Page 2 of 2