HomeMy WebLinkAboutOrdinance 23160-04-2018 Ordinance No. 23160-04-2018
AN ORDINANCE INCREASING APPROPRIATIONS IN THE RISK FINANCING FUND,
FROM UNRESTRICTED NET POSITION IN THE AMOUNT OF $693,626.00, FOR THE
PURPOSE OF FUNDING AN UNANTICIPATED LOSS PAYOUT; 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 2017-2018 in the
Budget of the City Manager, there shall also be increased appropriations in the Risk Financing Fund in the
amount of $693,626.00, from unrestricted net position, for the purpose of funding an unanticipated loss
payout.
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. 2297-09-2017 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said prior ordinances and appropriations are hereby expressly repealed.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 AST FO A D LEGALITY: CITY SECRETARY
7V
Gerald Pruitt, Deputy City Attorney Pwfary'J.1KhyserDJ
ADOPTED AND EFFECTIVE: April 3, 2018
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 4/3/2018 -Ordinance No. 23160-04-2018
DATE: Tuesday, April 3, 2018 REFERENCE NO.: **G-19256
LOG NAME: 13RIS1< FUND APPROP INCREASE JRS
SUBJECT:
Adopt Appropriation Ordinance in the Amount of$693,626.00 from Unrestricted Net Position for Excess
Claims and Settlement Payments in the Risk Financing Fund (ALL COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council adopt the attached appropriation ordinance increasing
appropriations in the Risk Financing Fund in the amount of$693,626.00 from unrestricted Net Position for
excess claims and settlement payments.
DISCUSSION:
The purpose of this Mayor and Council Communication is to authorize an increase in appropriations within
the Risk Financing Fund sufficient to provide funding for an unanticipated loss payout and year to date
claims payment experience.
This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that there is sufficient unreserved Net Position available within the Risk
Financing Fund to support this requested appropriation increase.
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccoun Project Program ctivity Budget Reference # Amount
ID ID Year Chart field 2
1 60111 0147110 15520103 1 1 0693,626.00
FROM
Fund Department ccounj Project JPrograrnctivity Budget Reference # Amount
ID ID 1A I Year Chartfield 2
11)601111 4990000 $693,626.00
CERTIFICATIONS:
Submitted for City Manager's Office by: Susan Alanis (8180)
Originating Department Head: Aaron Bovos (8517)
Additional Information Contact: John Samford (2318)
Logname: 13RISK FUND_APPROP_INCREASE_JRS Page 1 of 1