HomeMy WebLinkAboutOrdinance 23742-08-2019 Ordinance No.23742-08-2019
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
GRANTS OPERATING FEDERAL FUND, SUBJECT TO RECEIPT OF THE GRANT, IN
THE AMOUNT UP TO$20,000.00,TO PROVIDE FOR THE 2018 CITYSTART INITIATIVE;
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 estimated receipts and appropriations in the Grants
Operating Fund in the amount up to$20,000.00,subject to receipt of the grant,to provide for the 2018 CityStart
Initiative.
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said prior ordinances and appropriations are hereby expressly repealed.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
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Assistant City Attor by M ry Kayse
ADOPTED AND EFFECTIVE:August 13, 2019
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City of Fort Worth, Texas
Mayor and Council Communication
DATE: 08/13/19 M&C FILE NUMBER: M&C 19-0019
LOG NAME: 19NS CFE FUND 2018-2019
SUBJECT
Ratify Application for and Acceptance of Funds Totaling$20,000 from the Cities for Financial Empowerment Fund, Inc.for the 2018 CityStart
Initiative to Assist in Developing Local Financial Empowerment Strategies and Programmatic Blueprints and Adopt Appropriation Ordinance(ALL
COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1.Ratify the application for and acceptance of funds totaling$20,000 from the Cities for Financial Empowerment Fund, Inc.(CFE Fund)for the
2018 CityStart Initiative to assist in developing local financial empowerment strategies and programmatic blueprints;and
2.Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Grants Operating Fund in the amount of
$20,000.
DISCUSSION:
The CFE Fund's 2018 CityStart Initiative offers city governments an intensive 6 to 9 month technical assistance engagement partnership,along
with a$20,000 planning grant.Selected cities will host a municipal financial empowerment"boot camp"event that brings together key local
constituencies,including leaders from city agencies/mayoral leadership,local funders,community organization partners,and financial institution
representatives.Following the boot camp,the CFE Fund will work with each city to craft a municipal financial empowerment blueprint.
The mission of the CFE Fund is to improve the financial stability of low and moderate-income households by embedding financial empowerment
strategies into local government infrastructure.The CFE Fund works with mayoral administrations and those interested in supporting them to
implement innovative programs and policies and measures its success accordingly.The CFE Fund's work centers on the following four pillars of
financial empowerment:
• Banking Access-minimizing costs for basic goods and services;access to convenient,low-cost financial products and structures
(transaction,saving,credit and insurance products as well as direct deposit,automatic enrollment,etc.);and financial capability related to
money management,financial products,ad credit.
• Financial Counseling-help residents build their financial knowledge,better navigate complex financial products and systems,address
pressing financial challenges,and generally improve their financial behavior and situation through professional financial counseling.
• Savings and Asset Building-utilize technology,create new and leveraging existing physical access points,developing automated and match
savings opportunities,and launching public awareness campaigns to connect residents to the full range of benefits,work supports,and tax
credits for which they are eligible.
• Consumer Financial Protection-local governments possess an array of consumer protection tools including industry-based licensing,other
regulatory enforcement,zoning and land use options,municipal deposits,taxation,and budget decisions.
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, receipt of the grant and adoption of the attached
appropriation ordinance,funds for operation will be available in the current operating budget,as appropriated,of the Grants Operating
Fund. The Neighborhood Services Department shall be responsible for identifying funding sources to cover expenses incurred in the event the
grant funds are not received. This is an advance grant.
Submitted for City Manager's Office-W. Fernando Costa 6122
Originating Business Unit Head: Aubrey Thagard 8187
Additional Information Contact: Aubrey Thagard 8187