HomeMy WebLinkAboutOrdinance 19984-11-2011Ordinance No. 19984-11-2011
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE CULTURE AND TOURISM FUND IN THE AMOUNT
OF $650,000.00, AND DECREASING THE UNAUDITED, UNRESERVED,
UNDESIGNATED CULTURE AND TOURISM FUND BALANCE BY THE SAME
AMOUNT, FOR THE PURPOSE OF FUNDING THE CONVENTION AND VISITORS
BUREAU; 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 2011 -2012 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Culture and Tourism Fund in the amount of $650,000.00, and decreasing the unaudited, unreserved,
undesignated Culture and Tourism Fund balance by the same amount, for the purpose of funding the
Convention and Visitors Bureau.
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. 19911 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ordinances and appropriations are hereby expressly repealed.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:
Assl'st C
jAttomey
ADOPTED AND FFFFCTIVF: November 15, 2011
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 1111512011 •Ordinance No 199$4- 11 -2011
DATE: Tuesday, November 15, 2011 REFERENCE NO.: C -25301
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SUBJECT:
Adopt Supplemental Appropriation Ordinance Increasing Appropriations in the Culture and Tourism Fund in
the Amount of $650,000.00 to Fund the Convention and Visitors Bureau and Decreasing the Unaudited,
Unreserved, Undesignated Culture and Tourism Fund Balance by the Same Amount (ALL COUNCIL
DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council adopt the attached supplemental appropriation ordinance
increasing estimated receipts and appropriations in the Culture and Tourism Fund in the amount of
$650,000.00 to Fund the Convention and Visitors Bureau and decreasing the unaudited, unreserved,
undesignated Culture and Tourism Fund balance by the same amount.
DISCUSSION:
The purpose of this Mayor and Council Communication (M &C) is to increase the Fiscal Year 2012
appropriation to the Convention and Visitors Bureau (CVB) to increase the funding for the Special Public
Facilities Fund (SPFF) in the amount of $150,000.00 and restore marketing funding for Fiscal Year 2012
in the amount of $500,000.00. Hotel Occupancy Tax (HOT) revenue collections have indicated an upward
trend and it appears reasonable that future collections may continue with a positive collections trend.
The City entered into City Secretary Contract No. 36003, M &C C -22414 on September 25, 2007,
allocating Hotel Occupancy Taxes to the CVB for marketing. The Agreement calls for a three percent
annual increase, contingent upon approval by the City Council. In Fiscal Year 2011, due to the economic
downturn, the CVB agreed to a 10 percent reduction in funding. In Fiscal Year 2011, a mid -year allocation
was made as Hotel Occupancy Tax began to recover. The Fiscal Year 2012 proposed allocation of
$7,135,199.00 was conservative based on six - months of HOT collections; positive performance since that
time allows Staff to make this recommendation which is the equivalent to a three percent increase over
their total Fiscal Year 2011 allocation.
The hotel inventory has increased during the last several years. To address the increased inventory, the
CVB must aggressively market Fort Worth as a premier destination in order to maximize the City's
investment in the Convention Center and Will Rogers Memorial Center. The increase of funds for
marketing activities is critical to the success of the CVB's marketing campaign.
Staff is recommending an additional $500,000.00 to the current year CVB operating budget for marketing
activities and an additional $150,000.00 for the Special Public Facilities Fund (SPFF) dedicated to the Fort
Worth Convention Center subject to mutually agreed uses of the SPFF. The increased allocation is
contingent upon the overall fiscal year collections of HOT, Public Events facilities revenues and receipts
from the DFW Rental Car meeting or exceeding the budget by a minimum of $650,000.00. Additionally,
the expenses for the Culture and Tourism Fund must meet the budget expectations. Variations to the
revenue or expenses may create an environment whereby subsequent Fiscal Year 2012 payments to the
Logname: 25CVBAMENDMENT12 Page 1 of 2
CVB may be reduced.
This program serves the entire City.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that upon adoption of the attached supplemental
appropriation ordinance, funds will be available in the current operating budget, as appropriated, of the
Culture and Tourism Fund. Upon approval, the unaudited, unreserved, undesignated fund balance of the
Culture and Tourism Fund will exceed the minimum reserve as outlined in the Financial Management
Policy Statements.
FUND CENTERS:
TO Fund /Account/Centers
GG04 539120 0241000
CERTIFICATIONS:
FROM Fund /Account/Centers
$650.000.00 GG04 539120 0241000
Submitted for City Manager's Office by:
Originating Department Head:
Additional Information Contact:
Susan Alanis (8180)
Kirk Slaughter (2501)
Betty Tanner (2502)
$650.000.00
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