HomeMy WebLinkAboutOrdinance 23696-06-2019 Ordinance No.23696-06-2019
AN ORDINANCE INCREASING APPROPRIATIONS IN THE FORT WORTH PUBLIC
IMPROVEMENT DISTRICT 14 —TRINITY BLUFF IN THE AMOUNT OF $25,335.00 AND
DECREASING THE FORT WORTH PUBLIC IMPROVEMENT DISTRICT 14 — TRINITY
BLUFF FUND UNAUDITED, UNASSIGNED FUND BALANCE BY THE SAME AMOUNT,
FOR THE PURPOSE OF FUNDING THE FISCAL YEAR 2018-2019 ANNUAL OPERATING
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 2018-2019 in the
Budget of the City Manager, there shall also be increased appropriations in Fort Worth Public Improvement
District 14—Trinity Bluff Fund in the amount of$25,335.00,and decreasing the Fort Worth Public Improvement
District 14—Trinity Bluff Fund unaudited, unassigned fund balance by the same amount, for the purpose of
funding the Fiscal Year 2018-2019 annual operating 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 23392-09-2018 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said prior ordinances and appropriations are hereby expressly repealed.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: CITY SECRETARY
Assistkjtity�Atttoorney IVlary J. se
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ADOPTED AND EFFECTIVE: June 18, 2019
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FORTWORTH,", City of Fort Worth
Five Year Service Plan FY 2018-19-FY 2022-23
Public Improvement District No.14-MID-Year Adjustment
FY18/19 FY18/19 FY19/20 FY20/21 FY21/22 FY22/23
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 6/18/2019 - Resolution No. 5104-06-2019 & 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 FY19 Budget Item ear Adjustment Budget Item
Special [$67,535.00 $0.00 $67,535.00
Assessments
Use of Fund [$2000.010 $25,335.00 [$27,335.00
Balance
Total BudgetF$691535.00 I$25,335.00 $94,870.00
Revenue
Logname: 13PID14MIDYEARFY19 Page 1 of 2
Line Items to be Previously Approved Recommended Mid- Amended FY19
Adjusted IFY19 Budget Item Year Adjustment Budget Item
Contractual [$67,535.00 $25,335.00 1$92,870.00
Services
Transfer Out $2000.00 $0.00 $2000.00
Total Budget $69,535.00 F$25,335.00 $94,870.00
Expensel
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 JProgram ctivity Budget Reference # moun
ID ID Year Chartfield 2
FROM
Fund Department ccoun Project Program 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