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ORDINANCE NO. /
AN ORDINANCE TRANSFERRING THE SUM OF $22,000.00 FROM THE
GENERAL FUND TO THE REAL PROPERTY MANAGEMENT DIVISION FUND
NO. 86-10-00, THEREBY INCREASING ESTIMATED REVENUE OF THE
REAL PROPERTY MANAGEMENT DIVISION FUND BY $22,000.00 FOR
FISCAL YEAR 1984-1985; PROVIDING FOR A SEVERABILITY
CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDI-
NANCES AND REPEALING ALL PRIOR ORDINANCES IN CONFLICT
HEREWITH; PROVIDING FOR ENGROSSMENT AND ENROLLMENT; AND
PROVIDING AN EFFECTIVE DATE.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH,
TEXAS:
SECTION 1 .
There is hereby transferred to the City of Fort Worth Real
Property Management Division Fund, No. 86-10-00, from the General
Fund of said City, the sum of $22,000.00, thereby increasing thip
estimated revenue of the above-referenced Real Property Management
Division Fund by $22,000.00 for the Fiscal Year 1984-1985, for the
purpose of deferring additional expenses incurred in connection with
increasing sales of City-owned surplus property, including such
additional expenses attributable to court costs, satisfaction of
encumbrances affecting said surplus property, general and adminis-
trative expenses and other expenses of sale.
SECTION 2.
Should any part of this ordinance be or become unenforceable by
operation of law, the unenforceability of such part(s) shall not
affect the enforceability of the remainder of the ordinance.
SECTION 3.
This ordinance shall be cumulative of all other relevant ordi-
nances and appropriations except in those instances where the provi-
sions of this ordinance are in direct conflict with such other
ordinances and appropriations, in which instances said conflicting
provisions are hereby expressly repealed.
SECTION 4.
The City Secretary of the City of Fort Worth is hereby directed
to engross and enroll this ordinance by copying the caption and
effective date in the minutes of the City Council and by filing this
ordinance in the ordinance records of the City.
SECTION 5.
That this ordinance shall take effect and be in full force and
effect from and after the date of its passage, and it is so or-
dained.
APPROVED AS TO FORM AND LEGALITY:
City Attorney
Date: 10
ADOPTED:
EFFECTIVE:
-2-
City of Fort Worth, Texas
Mayor and Council Communication
SATE REFERENCE SUBJECT: SUPPLEMENTAL APPROPRIATIONS TO PAGE
NUMBER
9/5%85 L-8602 1984-85 BUDGET FOR REAL PROPER- tot 1
TY MANAGEMENT DIVISION
Recommendation
It is recommended that the City Council adopt the attached Supplemental Ap-
propriation Ordinance appropriating $22,000 from the General Fund Balance
to the Real Property Management Division Fund, Account No. 86-10-00.
Discussion
The expenses for activities related to the sale of city surplus property has
exceeded the amount allocated in the 1984-85 budget. These additional ex-
penses are the result of increased sales over last year. As of July 31, 1985
the general fund revenue generated by surplus property sales amounts to
$428,924. This amount reflects an approximate 104% increase over the pro-
jected $210,000.
As a result of the increased sales, expenditures for litigation , taxes and
general administration have also increased. Therefore, it will be necessary
at this time to appropriate additional funds to cover these expenses.
Financing
Due to the above increased expenditures , it is necessary that a Supplemental
Appropriation be made from the General Fund Balance to cover expenses through
the end of Budget Year 1984-85 for the Real Property Management Division.
The unappropriated fund balance after this appropriation will be $18,948,124.82
DI:dd
APPROVED BY
CITY COUNCIL
SEP 5 1985
City Seoretary of the
City of Fort Ylual,Isams
SUBMITTED FOR T DISPOSITION BY COUNCIL: PROCESSED BY
CITY MANAGER'S
OFFICE BY: � ❑ APPROVED
ORIGINATING ❑ OTHER (DESCRIBE)
DEPARTMENT HEAD: Michael E. Pyles M CITY SECRETARY
FOR ADDITIONAL INFORMATION Adopted Ordinance No.�
CONTACT: Michael E. Pyles , ext 8362 DATE