HomeMy WebLinkAboutOrdinance 23226-06-2018 Ordinance No. 23226-06-2018
AN ORDINANCE INCREASING APPROPRIATIONS IN THE FORT WORTH PUBLIC
IMPROVEMENT DISTRICT 14-TRINITY BLUFF FUND IN THE AMOUNT OF$52,000.00
AND DECREASING THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 14 -
TRINITY BLUFF FUND UNAUDITED, UNASSIGNED FUND BALANCE BY THE SAME
AMOUNT, FOR THE PURPOSE OF FUNDING THE FISCAL YEAR 2017-2018 ANNUAL
OPERATING BUDGET MID-YEAR ADJUSTMENTS; 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 FortWorth Public Improvement
District 14-Trinity Bluff Fund in the amount of$52,000.00,and decreasing the FortWorth Public Improvement
District 14-Trinity Bluff Fund unaudited, unassigned fund balance by the same amount, for the purpose of
funding the Fiscal Year 2017-2018 annual operating budget mid-year adjustments.
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 22877-09-2017 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said prior ordinances and appropriations are hereby expressly repealed.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 SECRETA .
Tyler Wallach - M ry J. lOysim
Assistant City Attorney
+=ADOPTED AND EFFECTIVE: June 5. 2018
Exhibit "A"
AN AMENDED BUDGET FOR
FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 14
(TRINITY BLUFF PID)
FOR FISCAL YEAR 2017-2018
REVENUES FY17/18
PID Assessments $65,019
Use of Fund Balance $57,541
Total Revenue $122,560
EXPENSES
Management Fee (Admin.) $12,700
Utilities $500
Landscape $52,400
Litter Abatement $3600
Security $23,360
Marketing $1000
Tree Lighting $27,000
Capital Improvements $0
City Administrative Fee $2000
Total Expenses $122,560
FoRTWouH
DOWNTOWN FORT WORTH, INC.
FIVE YEAR SERVICE PLAN FORT WORTH®
. PUBLIC IMPROVEMENT DISTRICT# 14- FORT WORTH
2017-18 to 2021-22
MID YR AD1
REVENUES FY 17-18 FY 17-18 FY 18-19 FY 19-20 FY 20-21 FY 21-22
PID Assessments 65,019 65,019 66,319 67,646 68,999 70,379
Use of Fund Balance 5,541 57,541 5,612 5,684 5,758 5,833
TOTAL REVENUES 70,560 122,560 71,931 73,330 74,756 76,212
EXPENSES
Management Fee 12,700 12,700 12,954 13,213 13,477 13,747
Utilities 500 500 510 520 531 541
Landscaping 27,400 52,400 27,948 28,507 29,077 29,659
Litter Abatement 3,600 3,600 3,672 3,745 3,820 3,897
Ambassador Program 23,360 23,360 23,827 24,304 24,790 25,286
Marketing 1,000 1,000 1,020 1,040 1,061 1,082
Tree Lighting - 27,000 - - - -
City Administration Fee 2,000 2,000 2,000 2,000 2,000 2,000
TOTAL EXPENSES 70,560 122,560 71,931 73,330 74,756 76,212
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 6/5/2018 - Ordinance No. 23226-06-2018 & Resolution No.
4942-06-2018
DATE: Tuesday, June 5, 2018 REFERENCE NO.: **G-19291
LOG NAME: 13FMS PID14MIDYEARFY18
SUBJECT:
Adopt Resolution Amending the Fiscal Year 2017-2018 Budget and Five-Year Service Plan for Public
Improvement District No. 14 —Trinity Bluff and Adopt Appropriation Ordinance (COUNCIL DISTRICT 9)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached resolution approving the revised Fiscal Year 2017-2018 Budget and Five-Year
Service Plan for Public Improvement District No. 14—Trinity Bluff to reflect amendments associated with a
mid-year review; and
2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort
Worth Public Improvement District 14 -Trinity Bluff Fund in the amount of$52,000.00, from available
unreserved fund balance.
DISCUSSION:
The City of Fort Worth Department of Financial Management Services administers the City's Public
Improvement Districts (PIDs) in accordance with Chapter 372 of the Texas Local Government Code. The
City's PID Policy outlines the need to proactively work with the PID managers to oversee the services
being provided by the PIDs and their associated financial positions. Staff, along with the contracted PID
management companies, have conducted mid-year reviews of the annual budget and will recommend
adjustments, as needed.
The City contracts with Downtown Fort Worth, Inc. (DFWI) to manage the Trinity Bluff PID. DFWI has
identified the need to increase the Trinity Bluff PID budget in the amount of$25,000.00 for landscaping
and $27,000.00 for tree lighting. The increased funding for landscaping includes improvements to the
lawn, irrigation system, and landscaping of Charles Nash Elementary School (Nash). Nash is the
neighborhood's civic statement piece and plays an important role in setting the neighborhood tone;
therefore, this project confers a special benefit on the properties withinin the Trinity Bluff PID. The
additional lighting along Peach Street would continue lighting from a previous project from last year.
Line Items to be Previously rkecom
mended Amended FYI Budget
Adjusted Approved FYI Mid-Year Item
Budget Item Adjustment
pecial Assessments $65,019.00— $0.001 $65,019.00
se of Fund Balance $5,541.001 $52,000.00 $57,541.00
Total Budget $70,560.00 $52,000.00 $122,560.00
Revenue
Logname: 13FMS PID14MIDYEARFY18 Page I of 2
Line Items to be reviously Recommended Mid- Amended FY18 Budget
Adjusted pproved FY18 Year Adjustment Item
_ udget Item _
ontractual Services 1 $68,560 $52,-000.001 $120,560.00
ransfer Out _ F $2000(------ $0.00E- $2000
otal Budget $70,560 $52,000.00 $122,560.00
i
jExpense
Staff recommends an increase of$25,000.00 in the Trinity Bluff PID budget for landscaping and an
increase of$27,000.00 for tree lighting. All other previously approved line items not mentioned above
remain the same. Upon approval of the above recommendations, the total budgeted expenses for Fiscal
Year 2017-2018 will be $122,560.00. This mid-year budget adjustment will decrease the unaudited,
unassigned fund balance by $57,541.00. The revised Budget and Five-Year Service Plan will take effect
upon approval by City Council.
The Trinity Bluff PID is located in COUNCIL DISTRICT 9.
This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION / CERTIFICATION:
The Director of Finance certifies that approval of the above recommendations will increase the overall
Fiscal Year 2018 budget from $70,560.00 to $122,560.00. With the proposed changes to PID No. 14
budget they are still in compliance with the reserve requirements.
FUND IDENTIFIERS (FIDs):
TO
Fund Departmentccoun Project Program ctivity Budget Reference # moun
ID ID Year Chartfield 2
FROM
Fund Departmentccoun Project Program ctivity Budget Reference # moun
ID ID Year Chartfield 2
CERTIFICATIONS:
Submitted for City Manager's Office by: Susan Alanis (8180)
Originating Department Head: Aaron Bovos (8517)
Additional Information Contact: Angela Estrada (8511)
Logname: 13FMS PID14MIDYEARFY18 Page 2 of 2