HomeMy WebLinkAboutOrdinance 20461-10-2012Ordinance No. 20461 -10 -2012
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN VARIOUS FUNDS IN THE AMOUNT OF $571,864.42, FROM
GAS LEASE REVENUES, FOR THE PURPOSE OF REIMBURSING
ADMINISTRATIVE COST OF MINERAL, LEASING ASSOCIATED WITH CL:CY-
OWNED PROPERTIES IN FISCAL YEAR 2012; 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 2012 -2013 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Airports Gas Lease Project Fund in the amount of $118,114.96; the Aviation Endowment Gas Lease Fund
in the amount of $118,062.45; the Capital Projects Reserve Fund in the amount of $84,138.71; the General
Endowment Gas Lease Fund in the arnount of $83,713.07; the Park Gas Lease Project Fund in the amount
of $55,006.57; the Park System Endowment Gas Lease Fund in the amount $13,361.48; the Golf Gas Lease
Capital Project Fund in the amount of $25,237.06; the Lake Worth Gas Lease Capital Improvement Fund in
the amount of $59,752.22; the Water & Sewer Gas Lease Capital Projects Fund in the amount of $8,141.38;
and the Water & Sewer Endowment Gas Lease Fund in the amount of $2,704.74 from available funds, for
the purpose of reimbursing administrative cost of mineral leasing associated with City -owned properties.
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. 20411 -09 -2012 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of said prior ordinances and appropriations are hereby expressly repealed.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:
f�
a
Assistan City Attorney"
ADOPTED AND EFFECTIV E; October 16, 2012
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION, Approved on 10/16/2012 - Ordinance No, 20461 -10 -2012
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DATE: Tuesday, October 16, 2012 REFERENCE NO.: G -17707
LOG NAME: 062050 GAS OPERATING EXPENSES
SUBJECT:
Authorize Reimbursement of the General Fund in the Amount of $571,864.42 for Expenses Associated
with the Leasing of City Owned Minerals in Fiscal Year 2012 from Royalties and Bonuses Received and
Adopt Appropriation Ordinance (ALL COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in Gas
Lease Revenues Various Funds in the amount of $571,696.42 in Fiscal Year 2012 (Airports Gas Lease
Project Fund in the amount of $118,114.96, Aviation Endowment Gas Lease Fund in the amount of
$118,062.45, Capital Projects Reserve Fund in the amount of $84,138.71, General Endowment Gas
Lease Fund in the amount of $83,713.07, Park Gas Lease Project Fund in the amount of $55,006.57, Park
System Endowment Gas Lease Fund in the amount of $13,361.48, Golf Gas Lease Capital Project Fund
in the amount of $25,237.06, Lake Worth Gas Lease Capital Improvement Fund in the amount of
$59,752.22, Water and Sewer Gas Lease Capital Projects Fund in the amount of $8,141.38, Water and
Sewer Endowment Gas Lease Fund in the amount of $2,704.74); and
2. Authorize the transfer in the amount of $571,864.42, as detailed below, to the General Fund in Fiscal
Year 2012 to cover administrative costs of mineral leasing associated with City owned properties.
DISCUSSION:
On December 13, 2011, (M &C G- 17470) the City Council adopted Financial Management Policy
Statements for Fiscal Year 2012. These policies included a provision to allow the periodic transfer of gas
lease revenues to the General Fund to offset budgeted administrative costs in the Planning and
Development Department, Law Department and Financial Management Services Department for the
leasing program. Further, the allocation of the costs among the funds was intended to be proportional to
the revenue collected in all funds, including the permanent funds for that reporting period.
In Fiscal Year 2012, Staff leased 76 properties covering approximately 449 acres and managed the
deposit and allocation of more than $21,895,307.45 in bonus and royalties. The calculated cost of the
Staff and overhead expense associated with these activities is $571,864.42 and should be allocated
among the various gas lease funds as follows:
Logname: 062050 GAS OPERATING EXPENSES Page I of 4
,GAS LEASE
;DEPARTMENT
:ADMINISTRATIVE
FUND
'COSTS
P240-
Aviation
118,114.96
7125-
055125099901
Aviation
118,062.45
�GC10-
.!006060001000
!General
84,138.71
3127-
1006127099901
General
1
83,713.07
iC282-
Parks and Community
1
1$
55,006.57
801929990300
Services
T122-
Parks and Community
13,361.48
080192003371
!Services
P243-
.801929990100
PALS -Golf
25,237.06
ILake Worth
59,752.22
601159990100
1
P245-
Water/Sewer
5,436.64
.P245-
!Water /Sewer
!$
2,704.74
I T1 24-
Q64124499941
'Water/Sewer
�,
!$
2,704.74
R109-
i
Hous ng Finance
478.95
017 09005012
lCorporation
R152- 0171000
Local Development
!Corporation
1$
2,967.49
;R1 58-0171000
iCentral City Local
'Government Corporation
185.34
* Expenses for Housing Finance Corporation, Local Development Corporation and Central City Local
Government Corporation will be submitted for Board Approval.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director 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 General Fund.
Logname: 062050 GAS OPERATING EXPENSES Page 2 of 4
TO Fund /Account/Centers
FROM Fund /Account/Centers
1)
P240
446200
551929990100
$118,114.96
2) P240 538070 551929990100
$118,114.96
1)
P240
538070
551929990100
$118,114.96
2)T125 538070 055125099901
$118,062.45
1)
T125
446200
055125099901
$118,062.45
2) GC10 538070 006060001000
$84,138.71
1)
T125
538070
055125099901
$118,062.45
2) T127 538070 006127099901
$83,713.07
1)
GC10
446200
006060001000
$84,138.71
2) C282 538070 801929990300
$55,006.57
1)
GC10
538070
006060001000
$84,138.71
2) T122 538070 080192003371
$13,361.48
1)
T127
446200
006127099901
$83,713.07
2) P243 538070 801929990100
$25,237.06
1)
T127
538070
006127099901
$83,71 3.07
2) C246 538070 601159990100
$59,752.22
1)
C282
446200
801929990300
$55,006.57
2) P245 538070 601149990100
$5,436.64
1)
C282
538070
801929990300
$55,006.57
2) P245 538070 601149990300
$2,704.74
1)T122
446200
080192003371
$13,361.48
2)T124 538070 060124099901
$2,704,74
1)T122
538070
080192003371
$13,361.48
2)R109 538070 017109005012
$478,95
1)
P243
446200
801 929990100
$25,237.06
2) R152 538070 0171000
$2,967.49
1)
P243
538070
801929990100
$25,237.06
2)R158 538070 0171000
$185.34
1)
C246
446200
601159990100
$59,752.22
1)
C246
538070
601159990100
$59,752.22
1)
P245
446200
601149990100
$5,436.64
1)
P245
538070
601149990100
$5,43&64
1)
P245
446200
601149990300
$2,704.74
1)
P245
538070
601149990300
$2,704.74
1)
T124
446200
060124099901
$2,704.74
1)T124
538070
060124099901
$2,704.74
2)
0001
472240
0062050
$118,114.96
2)
0001
472125
0062050
$118,062.45
2)
GG01
472010
0062050
$84,13871
2)
GG01
472127
0062050
$83,713.07
2)
GG01
472282
0062050
$55,006.57
2)
GG01
472122
0062050
$13,361.48
2)
GG01
472243
0062050
$25,237.06
2)
GG01
472246
0062050
$59,752.22
2)
GG01
472245
0062050
$8,141 .38
2)
GG01
472124
0062050
$2,704.74
2)
GG01
472109
0062050
$478,9 5
2)
0001
472152
0062050
$2,967.49
2)
GG01
472158
0062050
$185.34
CER'FIFICAI'IONS:
Submitted for City Manager's Office by:
Fernando Costa (6122)
Logname: 062050 GAS OPERATING EXPENSES Page 3 of 4
Originating Department Head:
Additional Information Contact:
Randle Harwood (6101)
Jean Petr (8367)
Shirley Talley (2592)
Logname: 062050 GAS OPERATING EXPENSES Page 4 of 4