HomeMy WebLinkAboutResolution 5104-06-2019 A Resolution
NO. 5104-06-2019
APPROVING AN AMENDED BUDGET AND FIVE-YEAR SERVICE PLAN FOR
FORT WORTH PUBLIC IMPROVEMENT DISTRICT NO. 14
(TRINITY BLUFF PID)
FOR FISCAL YEAR 2018-2019
WHEREAS, pursuant to Resolution No. 3748-06-2009 the City Council established the Fort
Worth Public Improvement District No. 14 (the "Trinity Bluff PID") on June 16, 2009; and
WHEREAS, in accordance with Chapter 372 of the Texas Local Government Code, on August
21, 2018, the City Council approved a budget for the 2018-2019 fiscal year and a five-year service plan
for the Trinity Bluff PID pursuant to M&C BH-393; and
WHEREAS, pursuant to City Secretary Contract Nos. 51630 and 51945, the City has contracted
with Downtown Fort Worth Inc. ("DFWI") to manage the day-to-day administration of the Trinity Bluff
PID for the 2018-2019 fiscal year; and
WHEREAS, in accordance with Section 372.013(a) of the Texas Local Government Code, the
City has assigned to DFWI the responsibility for preparing the annual budget and five-year service plan
for the Trinity Bluff PID; and
WHEREAS, in accordance with the City's Policy and Guidelines for Public Improvement
Districts ("PIDs"), adopted by the City Council pursuant to Resolution No. 4905-02-2018, City staff
annually conducts mid-year reviews of all PID budgets to ensure that actual PID expenditures correspond
with budgeted expenses; and
WHEREAS, in consultation with DFWI regarding actual PID expenditures and necessary
programs and services required to date, City staff recommends that the City Council approve an amended
budget for the Trinity Bluff PID for the 2018-2019 fiscal year;
NOW THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE CITY OF
FORT WORTH, TEXAS THAT:
1. The Budget and Five Year Service Plan for the Trinity Bluff PID is hereby amended and
approved for the remainder of the 2018-2019 fiscal year in accordance with Exhibit"A"which is attached
hereto.
VJA�
QRTWORTF� IJ
2. This Resolution shall take effect immediately following its adoption.
Adopted this 18th day of June 2019.
FO
By:
Mary J. ayser, C e etary
FORT WORT
EXHIBIT A
FORT WORTHO City of Fort Worth
Five Year Service Plan FY 2 4-MI -FY r Adjustment
Public Improvement District No.14-MID-Year Adjustment
FY1 Oil 9 FY18/19 FY79120 FY20f21 FY21122 FY22123
REVENUES MID YEAR ADJ,
PID Assessments $67,535 $67,535 $69,561 $71,648 $73,797 $76,011
Budget Revenues $67,535 $67,535 $69,561 $71,648 $73,797 $76,011
Use of Fund Balance $2,000 $27,335
Total Revenues $69,535 $94,870 $69,561 $71,648 $73,797 $76,011
EXPENSES
Management Fee 11,125 11,125 11,151 11,642 12,630 13,100
Utilities 450 450 450 450 459 468
Landscaping 28,000 28.000 28,000 28,560 29,131 30,276
Litter Abatement 3,600 3,600 3,600 3,672 3,745 3,820
Security - - - - - -
Ambassador Program 23,360 23,360 23,360 24,324 24,831 25,347
Marketing 1,000 1,000 1,000 1,000 1,000 1,000
Tree Lighting - 25,335 - - - -
City Administrative Fee 2,000 2,000 2,000 2,000 2,000 2,000
Budget Expenses 69,535 94,870 69,561 71,648 73,797 76,011
Total Expenses $69,535 $9070 $69,561 $71,646 $73,797 $76,011
ORT WORT
FORT CVO RT H,:a City of Fort Worth
Five Year Service Plan FY 2018-19-FY 2022-23
Public Improvement District No.14-MID-Year Adjustment
FY18119 FY18119 FY19120 FY20121 FY21122 FY22123
REVENUES MID YEAR ADJ.
PID Assessments $67,535 $67,535 $69,561 $71,648 $73,797 $76,011
Budget Revenues $67,535 $67,535 $69,561 $71,648 $73,797 $76,011
Use of Fund Balance $2,000 $27,335
Total Revenues $69,535 $94,870 $69,561 $71,648 $73,797 $76,011
EXPENSES
Management Fee 11,125 11,125 11,151 11,642 12,630 13,100
Utilities 450 450 450 450 459 468
Landscaping 28,000 28,000 28,000 28,560 29,131 30,276
Litter Abatement 3,600 3,600 3,600 3,672 3,745 3,820
Security - - - - - -
Ambassador Program 23,360 23,360 23,360 24,324 24,831 25,347
Marketing 1,000 1,000 1,000 1,000 1,000 1,000
Tree Lighting - 25,335 - - - -
City Administrative Fee 2,000 2,000 2,000 2,000 2,000 2,000
Budget Expenses 69,535 94,870 69,561 71,648 73,797 76,011
Total Expenses $69,535 $94,870 $69,561 $71,648 $73,797 $76,011
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 6118/2019 - Resolution No. 6104-06-2019& Ordinance-No.
23696-06-2019
DATE: Tuesday, June 18, 2019 REFERENCE NO.: G-19563
LOG NAME: 13PID14MIDYEARFY19
SUBJECT:
Adopt Resolution Amending the Fiscal Year 2018-2019 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 2018-2019 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$25,335.00, 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$25,335.00 for tree lighting.
The additional lighting along Peach Street would continue lighting from a previous project.
Line Items to be Previously Approved Recommended Mid- Amended FY19
Adjusted Pre
Budget Item Year Adjustment Budget Item
Special $67,535.00 I$0.00 $67,535.00
Assessments !
Use of Fund [$2000.00 $25,335.00 $27,335.00
Balance
Total Budget $69,535.00 $25,335.00 $94,870.00
Revenue
Logname: 13PID 14MIDYEARFY 19 Page I of 2
Line Items to be Previously Approved Recommended Mid- Amended FY19
Adjusted IFY19 Budget Item 'Year Adjustment (Budget Item
Contractual 1$67,535.00 $25,335.00 $92,870.00
Services
Transfer Out $2000.00 1$0.00 $2000.00
Total Budget $69,535.00 [$25,335.00 [$94,870.00
Expense
Staff recommends an increase of$25,335.00 in the Trinity Bluff PID budget. 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 2018-2019 will be $94,870.00. This mid-year budget adjustment will
decrease the unaudited, unassigned fund balance by $27,335.00. The revised Budget and Five-Year
Service Plan will take effect upon approval by City Council. The City and DFWI will update the existing
contract to reflect the mid-year adjustment (CSC Nos. 51630 and 51945).
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 upon 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 FWPID#14-Trinity Bluff Fund. The proposed changes to PID No. 14 budget maintain compliance
with reserve requirements.
FUND IDENTIFIERS (FIDs):
TO
Fund Department ccoun Project Program ctivity Budget Reference # moun
ID ID Year Chartfield 2
FROM
Fund Department ccoun Project JProgram ctivity Budget Reference # moun
ID ID Year Chartfield 2
CERTIFICATIONS:
Submitted for City Manager's Office by: Susan Alanis (8180)
Originating Department Head: Kevin Gunn (2015)
Additional Information Contact: Angela Estrada (8511)
Logname: 13PID14MIDYEARFY19 Page 2 of 2