HomeMy WebLinkAboutOrdinance 19895-09-2011Ordinance No. 19895-09-2011
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS
IN THE CAPITAL PROJECTS RESERVE FUND IN THE AMOUNT OF $5,000,000.00,
FROM AVAILABLE FUNDS, FOR THE PURPOSE OF TRANSFERRING SAID FUNDS
TO THE GENERAL FUND TO BALANCE THE FISCAL YEAR 2012 BUDGET;
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 2010 -2011 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Capital Projects Reserve Fund in the amount of $5,000,000.00, from available funds, for the purpose of
transferring said funds to the General Fund to balance the Fiscal Year 2012 Budget.
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. 19355 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ordinances and appropriations are hereby expressly repealed.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:
Assistant C Attorney
ADOPTED AND EFFECTIVE: September 13, 2011
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved As Amended on 9/13/2011 - Ordinance No. 19895 -09 -2011
CONTINUED FROM A PREVIOUS WEEK
DATE: Tuesday, August 16, 2011
LOG NAME: 02FY12 FUND TRANSFER
REFERENCE NO.: G -17357
SUBJECT:
Adopt Appropriation Ordinance Increasing Estimated Receipts and Appropriations in the Capital Projects
Reserve Fund by $5,000,000.00 and Authorize the Transfer of $5,000,000.00 from the Capital Projects
Reserve Fund to the General Fund for the Purpose of Balancing the Fiscal Year 2012 Budget (ALL
COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Capital Projects Reserve Fund by $5,000,000.00, from available funds; and
2. Authorize the transfer of $5,000,000.00 from the Capital Projects Reserve Fund to the General Fund
for the purpose of balancing the Fiscal Year 2012 Budget.
DISCUSSION:
On December 14, 2010, (M &C G- 17155) City Council approved transferring $10,000,000.00 of excess
fund balance from the General Fund to the Capital Projects Reserve Fund for the purpose of funding high -
priority capital projects.
Based on current economic conditions, staff recommends transferring $5,000,000.00 back to the General
Fund to address the Fiscal Year 2012 budget shortfall. The use of these funds will enable the City to
maintain services that are critical to the health and public safety of the City. In lieu of this transfer of funds
back to the General Fund, staff is recommending that Council shift one penny of the existing tax rate to
the debt service fund to address capital projects.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that upon the approval of the above
recommendations and adoption of the attached appropriation ordinance, funds will be available in the
current operating budget, as appropriated, of the General Fund.
FUND CENTERS:
TO Fund /Account/Centers
1_)-GC10 538070013010001000
2) GG01 538070 0901100
FROM Fund /Account/Centers
$5,000000.0__0 1) C10 472001 _013010001000
$5,000,000.00 2) GC10 538070 013010001000
$5,000,000-00
$5,000,000.00
Logname: 02FY12 FUND TRANSFER Page 1 of
CERTIFICATIONS:
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Karen Montgomery (6222)
Horatio Porter (2379)
Logname: 02FY12 FUND TRANSFER Page 2 of 2