HomeMy WebLinkAboutOrdinance 19914-09-2011Ordinance No. 19914-09-20
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE CAPITAL PROJECTS RESERVE FUND IN THE
AMOUNT OF $4,400,000.00, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF
TRANSFERRING SAID FUNDS TO THE NEW EQUIPMENT PURCHASES FUND
FOR FISCAL YEAR 2011 FIRE EQUIPMENT PURCHASES; 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 $4,400,000.00, from available funds, for the purpose of
transferring said funds to the New Equipment Purchases Fund for Fiscal Year 2011 fire equipment
purchases.
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ordinances and appropriations are hereby expressly repealed.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 Cit Attorney
ADOPTED AND EFFECTIVE: September 20, 2011
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 9/20/2011 - Ordinance Nos. 19914 -09 -2011 & 19915 -09-
2011
DATE: Tuesday, September 20, 2011
LOG NAME: 13FIRE PURCHASE TRANSFER
REFERENCE NO.: G -17383
SUBJECT:
Adopt Appropriation Ordinance Increasing Estimated Receipts and Appropriations in the Capital Projects
Reserve Fund by $4,400,000.00, Authorize the Transfer of $4,400,000.00 from the Capital Projects
Reserve Fund to the New Equipment Purchases Fund for the Purpose of Funding Fiscal Year 2011 Fire
Equipment Purchases and Adopt Appropriation Ordinance Increasing Estimated Receipts and
Appropriations in the New Equipment Purchases Fund by $4,400,000.00 (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 $4,400,000.00 from available funds;
2. Authorize the transfer of $4,400,000.00 from the Capital Projects Reserve Fund to the New Equipment
Purchases Fund for the purpose of funding Fiscal Year 2011 Fire equipment purchases; and
3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
New Equipment Purchases Fund by $4,400,000.00 from available funds.
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.
The City has typically funded the purchase of fire equipment in the past by issuing debt and servicing that
debt from the General Debt Service Fund. On February 8, 2011, (M &C G- 17198) City Council approved a
reimbursement resolution allowing the City to issue debt at a later date to cover these purchases. Instead
of issuing debt to finance this year's purchase of fire equipment, Staff is recommending that the City use
$4,400,000.00 of the forementioned transfer to cash fund these purchases, thus reducing the impact on
the City's debt capacity.
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 New Equipment Purchases Fund.
FUND CENTERS:
Logname: 13FIRE PURCHASE TRANSFER Page 1 of 2
TO Fund /Account/Centers
1) GC10 472010 013010001000
1) GC10 538070 013010001000
2)G193 472010 036193036011
CERTIFICATIONS:
FROM Fund /Account/Centers
$4,400,000.00 2)GC10 538070 013010001000
$4.400.000.00
$4,400,000.00
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Karen Montgomery (6222)
Lena Ellis (8517)
James Mauldin (2438)
$4,400,000.00
Logname: 13FIRE PURCHASE TRANSFER Page 2 of 2