HomeMy WebLinkAboutOrdinance 23264-06-2018Ordinance No. 23264-06-2018
AN ORDINANCE INCREASING APPROPRIATIONS IN THE FORT WORTH PUBLIC
IMPROVEMENT DISTRICT 6 — PARK GLEN FUND IN THE AMOUNT OF $45,000.00 AND
DECREASING THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 6 — PARK GLEN
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 Fort Worth Public Improvement
District 6 — Park Glen Fund in the amount of $45,000.00, and decreasing the Foil Worth Public Improvement
District 6 — Park Glen 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 22886-09-2017 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said prior ordinances and appropriations are hereby expressly repealed.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 FORMA GALITY: CITY SECRET,
Tyler WallagK, AXistant City Attorney
ADOPTED AND EFFECTIVE: June 26. 2018
Exhibit "A"
AN AMENDED BUDGET FOR
FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 6
(PARK GLEN PID)
FOR FISCAL YEAR 2017-2018
REVENUES FY17/18
PID Assessments $1,537,587
COFW Payment in lieu of Services $199.556
Use of Fund Balance $132,153
Total Revenue
$1,869,296
EXPENSES
Management Fee (Admin.)
$125,924
Utilities
$215,000
Landscape Maintenance
$729,694
Common Area Maintenance
$446,711
Holiday Lightning
$19,000
Security Enhancements
$143,000
Communication/Newsletter
$6,500
Public Events
$32,200
Capital Improvements
$95,000
Insurance
$23,415
Annual Review
$2,100
City Administrative Fee
$30,752
Total Expenses
$1,869,296
oRT
1k IN
REVENUES
PID Assessments
COFW Payment in lieu of Services
Budget Revenues
Use of Fund Balance
Total Revenues
EXPENSES
Management Fee
Utilities
Landscaping Maintenance
Common Area Maintenance
Holiday Lighting
Security Enhancements
Communication/Newsletter
Public Events
Capital Improvements
Insurance
Annual Review
City Administrative Fee
Budget Expenses
Contribution to Fund Balance
Total Expenses
City of Fort Worth
Five
Year Service Plan
Public Improvement District No. 6 - Park Glen
MID YR ADJ
FYI 7118
-FYI 7118
FYI 9120
FY20121
FY21122
FY22/23
$1,537,587
$1,537,587
$1,537,587
$1,537,587
$1,537,587
$1,537,587
199,556
199,556
199,556
199,556
199,556
199,556
$1,737,143
$1,737,143
$1,737,143
$1,737,143
$1,737,143
$1,737,143
87,153
132,153
$1,824,296
$1,869,296
$1,737,143
$1,737,143
$1,737,143
$1,737,143
125,924
125,924
128,402
128,402
128,402
128,402
215,000
215,000
215,000
215,000
215,000
215,000
729,694
729,694
729,752
718,774
722,094
717,194
446,711
446,711
379,500
381,500
373,180
386,580
19,000
19,000
19,000
20,000
20,000
20,000
143,000
143,000
143,000
143,000
143,000
143,000
6,500
6,500
6,500
7,000
7,000
7,000
32,200
32,200
32,200
32,200
32,200
32,200
50,000
95,000
30,000
35,000
40,000
31,500
23,415
23,415
23,415
23,415
23,415
23,415
2,100
2,100
2,100
2,100
2,100
2,100
30,752
30,752
30,752
30,752
30,752
30,752
1,824,296
1,869,296
1,739,621
1,737,143
1,737,143
1,737,143
$1,824,296
$1,869,296
$1,739,621
$1,737,143
$1,737,143
$1,737,143
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 612612018 - Resolution No, 4949-06-2018 & Ordinance No.
23264-06-2018
DATE: Tuesday, June 26, 2018 REFERENCE NO.: **G-19309
LOG NAME: 13FMS PID6MIDYEARFY18
SUBJECT:
Adopt Resolution Amending the Fiscal Year 2018 Budget and Five -Year Service Plan for Public
Improvement District No. 6 — Park Glen and Adopt Appropriation Ordinance (COUNCIL DISTRICT 4)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached resolution approving the revised Fiscal Year 2018 Budget and Five -Year Service
Plan for Public Improvement District No. 6 — Park Glen 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 6 — Park Glen Fund in the amount of $45,000.00, in Fiscal Year 2018
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 (City Secretary Contract (CSC) No. 49785) with FirstService Residential Texas, Inc.
(FirstService), to manage Public Improvement District No. 6 - Park Glen PID. FirstService has identified
the need to increase the Park Glen PID budget in the amount of $45,000.00 for a capital improvement
project. This project includes the installation of outdoor exercise stations along the existing trail on City
parkland. Phase One of the project included installing the equipment pads and this has been completed.
Phase Two of the projects is to install the exercise stations.
Revenue adjustments:
Line Items to be Adjusted Previously Approved FY18Recommended Mid -Year Amended FY18 Budget
Budget Item F,___Adjustment ! Item
Y 0.00
Special Assessments F1,537,587.00 �$ 1,537,587.00
COFW Payment in lieu of 199,556.00 $ 0.00 199,556.00
Services
Logname: 13FMS PID6MIDYEARFYI8 Page 1 of 2
fuse of Fund Balance � 87,153.00 45,000.00 132,153.00
otal Budget Revenue 1,824,296.00 45,000.00 1,869,296.00
Expenditure Adjustments:
Line Items to be
Previously Approved FYI Budget
Recommended Mid -Year
Amended FY18 Budget
Adjusted
Item
Adjustment
Item
Contractual Services
$1,793,544.0045,000.00
ID
1,838,544.00
ransfer Out
$ 30,752.00
0.00
30,752.00
otal Budget Expense
$1,824,296.00
J� 45,000.00
1,869,296.00
Staff recommends an increase of $45,000.00 in the Park Glen PID budget to allow for the installation of
exercise stations. 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 2018 will be
$1,869,296.00. This mid -year budget adjustment will decrease the unaudited, unassigned fund balance by
$45,000.00. The revised Budget and Five -Year Service Plan will take effect upon approval by City
Council.
The Park Glen PID is located in COUNCIL DISTRICT 4.
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 $1,824,296.00 to $1,869,296.00. After the appropriation of fund balance,
PID No. 6 will still maintain compliance with the reserve requirements.
FUND IDENTIFIERS (FIDs):
TO
Fund
Department
ccoun
Project
Program
ctivity
Budget
Reference #
moun
ID
ID
Year
(Chartfield 2)
FROM
CERTIFICATIONS:
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Susan Alanis (8180)
Aaron Bovos (8517)
Angela Estrada (851 '1)
Logname: 13FMS PID6MIDYEARFYI8 Page 2 of 2
Fund Department
ccoun
Project
Program
ctivity
Budget
Reference #
mount
ID
IDYear
(Chartfield 2)
CERTIFICATIONS:
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Susan Alanis (8180)
Aaron Bovos (8517)
Angela Estrada (851 '1)
Logname: 13FMS PID6MIDYEARFYI8 Page 2 of 2