HomeMy WebLinkAboutOrdinance 18360-11-2008Ordinance No. 1 8360-1 1-2008
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE GENERAL FUND IN THE AMOUNT OF $150,000.00
AND DECREASING THE UNRESERVED, UNDESIGNATED FUND BALANCE
BY THE SAME AMOUNT, FOR THE PURPOSE OF FUNDING AN INCREASE
FOR THE CONTRACT FOR STAFF AUGMENTATION SERVICES FOR THE
COMPLETION OF THE COMPREHENSIVE ANNUAL FINANCIAL REPORT FOR
FISCAL YEAR 2007 WITH CROWS HORWATH LLP; 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 increased estimated receipts and
appropriations in General Fund in the amount of $150,000.00 and decreasing the unreserved,
undesignated fund balance by the same amount, for the purpose funding an increase for the
contract for staff augmentation services for the completion of the Comprehensive Annual Financial
Report for Fiscal Year 2007 with Crowe Horvath LLP.
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. 18283 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conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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.
APPROVE A FORM AND LEGALITY:
Assistant City ttorney
ADOPTED AND EFFECTIVE: November 11, 2008
City ®f ®r~ ®rfh, 7"exas
Mayor and Council Communication
COUNCIL ACTION: Approved on 11/11/2008 -Ord. No. 18360-11-2008
DATE: Tuesday, November 11, 2008
LOG NAME: 13CROWE
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REFERENCE NO.: G-16354
SUBJECT:
Authorize an Amendment to the Contract with Crowe Horvath, LLP, to Increase Staff Augmentation
Services to Complete the Fiscal Year 2007 Comprehensive Annual Financial Report for an
Increased Cost Not to Exceed $150,000.00
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached supplemental appropriation ordinance increasing estimated receipts and
appropriations in the General Fund by $150,000.00, and decreasing the unreserved, undesignated fund
balance by the same amount; and
2. Authorize an amendment to the contract for staff augmentation services for the completion of the
Comprehensive Annual Financial Report for Fiscal Year 2007 with Crowe Horvath, LLP, for the Financial
Management Services Department for a projected increased cost not to exceed $150,000.00.
DISCUSSION:
On September 9, 2008, the City of Fort Worth authorized the execution of a contract totaling $930,000.00
for staff augmentation services for the completion of the Comprehensive Annual Financial Report (CAFR)
for Fiscal Years 2007 and 2008, as well as provide documentation of the processes, responsibilities and
rules to enhance the City's ability to produce future CAFRs in an efficient and timely manner.
The proposed increase to this contract will provide additional staff resources to the Financial Management
Services Department in order to expedite the completion of trial balances for 150 funds, and provide other
reconciliation and analytical services in conjunction with the completion of the 2007 CAFR. The preceding
service level was not included in the scope of work in the original contract. This increase will bring the total
cost of the contract to $1,080,000.00.
FISCAL INFORMATION/CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendation
and adoption of the attached supplemental appropriation ordinance, funds will be available in the current
operating budget, as appropriated, of the General Fund. Upon approval, the unaudited, unreserved,
undesignated fund balance of the General Fund will be $1,096,999.73 above the minimum reserve fund
balance of $53,898,715.00 required by the City's Financial Management Policy Statements (i.e., 10 percent
of the current year's budget appropriation for operations and maintenance).
Logname: 13CROWE Page 1 of 2
TO Fund/Account/Centers
FROM Fund/Account/Centers
0001 531200 0901000 $150,000.00
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Karen Montgomery (6222)
Lena Ellis (8517)
Mae Gray-Rossi (8325)
Logname: 13CROWE Page 2 of 2