HomeMy WebLinkAboutOrdinance 23190-04-2018 Ordinance No. 23190-04-2018
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
MUNICIPAL PARKING DEBT SERVICE FUND, IN THE AMOUNT OF $900.00, FROM
AVAILABLE INTEREST EARNINGS, FOR THE PURPOSE OF FUNDING HANDLING
CHARGES; 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 estimated receipts and appropriations in the
Municipal Parking Debt Service Fund in the amount of $900.00 from available interest earnings, for the
purpose of funding handling charges associated with debt payments.
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 22927-09-2017 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said prior ordinances and appropriations are hereby expressly repealed.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.
APPROVED AS TO FORM AND LEGALITY: CITY SECRETARY
A44
trong, ssista ity Attorney
ADOPTED AND EFFECTIVE: April 17, 2018
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved ,on 4/17/2018 -Ordinance.,N". 23189-9,4-;Q118,23190
2018, 23191-O4-2018 &,,23492,-04-20-18
DATE: Tuesday, April 17, 2018 REFERENCE NO.: G-19268
LOG NAME: 03FY2018 MID-YEAR ADJUSTMENTS
SUBJECT:
Adopt Ordinance Adjusting Appropriations in Various Funds and Amounts to Bring Revenues and
Expenditures Into Balance for Fiscal Year 2018 (ALL COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Stormwater Debt Service Fund in the amount of$2,000.00 from available interest earnings for the purpose
of funding handling charges for debt payments;
2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Municipal Parking Debt Service Fund in the amount of$900.00 from available interest earnings for the
purpose of funding handling charges for debt payments;
3. Adopt the attached appropriation ordinance increasing appropriations in the General Fund in the
amount $9,604.00 for the purpose of correcting an unbalanced transfer to the General Fund from the
Water and Sewer Fund for the public art program; and
4. Adopt the attached supplemental appropriation ordinance decreasing appropriations in the various
Taxing Increment Reinvestment Zone funds in the total amount of$3,202,120.00 for Fiscal Year 2018.
DISCUSSION:
The City's annual Operating Budget is formally enacted into law by City Council action adopting an
appropriation ordinance that establishes spending limits for each department's operation. The purpose of
this Mayor and Council Communication (M&C) is to address mid-year adjustments to various funds as
described below.
Additional appropriations are needed in the Stormwater and Municipal Parking Debt Service Funds to
cover handling charges. These charges were not included in the Fiscal Year 2018 budget, but it has since
been determined these fees may be expended out of the debt fund.
Recommendation three includes appropriations to correct an unbalanced transfer for the public art
program. The transfer from the Water and Sewer Fund to support the public art program was budgeted
for the full amount of the program costs of$552,932.13, however the corresponding appropriation for the
program was $543,328.34, leaving a shortfall of$9,603.79 in the General Fund.
On October 10, 2017, M&C G-19129 established the Fiscal Year 2018 appropriations for the various
Logname: 03FY2018 MID-YEAR ADJUSTMENTS Page I of 2
Taxing Increment Reinvestment Zones (TIRZs) in the amount of$65,336,897.00. Based on the
final audited numbers from the Fiscal Year 2017 Comprehensive Annual Financial Report, mid-year
reductions are needed to bring the funds into balance. Adjustments in the following TIRZ funds in the
total amount of$3,202,120.00 will decrease the use of fund balance based on available funds. TIRZ No.
4 includes an additional appropriation of$6,956.00 to correct an unbalanced transfer.
TIRZ Number Fund _I Adjustment
TIRZ No. 4 — Southside Med Dist 28604 _ ($2,677,628.00)
TIRZ No. 8 — Lancaster 28608 ($262,415.00)
TIRZ No. 9 —Trinity River Vision 28609 ($228,684.00)
TIRZ No. 9A—Trinity River Vision 28790 ($2,329.00)
TIRZ No. 12 — East Berry 28612 [— ($11,943,00)
TIRZ No. 13 —Woodhaven 28613 ($8,549.00)
TIRZ No. 15 — Stockyards/Northside 28615 ($10,572.00)
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 recommendations and the adoption of
the attached appropriation ordinance, funds will be available in the Fiscal Year 2018 operating budgets as
appropriated to the various funds.
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccoun Project Program ctivity Budget Reference # moun
ID ID Year Chartfield 2
FROM
Fund Department ccoun Project JProgram ctivity Budget Reference # moun
ID ID Year Chartfield 2
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: Lynda Johnson (6222)
Additional Information Contact: Terry Hanson (7934)
Logname: 03FY2018 MID-YEAR ADJUSTMENTS Page 2 of 2