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HomeMy WebLinkAboutOrdinance 17875-11-2007Ordinance No. 1 7875-1 1-2007 AN ORDINANCE INCREASING APPROPRIATIONS IN THE GENERAL FUND IN THE AMOUNT OF $100,000 AND DECREASING THE UNRESERVED, UNDESIGNATED FUND BALANCE BY THE SAME AMOUNT, FOR THE PURPOSE OF INCREASING COMPENSATION TO EMMA S. WALKER, PC, TO ASSIST IN THE COMPLETION OF THE FISCAL YEAR 2006 COMPREHENSIVE ANNUAL FINANCIAL REPORT (CAFR); PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR 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 2007- 2008 in the Budget of the City Manager, there shall also be increased appropriations in the General Fund in the amount of $100,000 and decreasing the unreserved, undesignated fund balance by the same amount, for the purpose of increasing compensation to Emma S. Walker, PC, to assist in the completion of the Fiscal Year 2006 Comprehensive Annual Financial Report (CAFR). 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. 17749 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: Assistant City Attorney ADOPTED AND EFFECTIVE: November 27 2007 G-15g7o Mayor and Council Communication COUNCIL ACTION: Approved on 11/27/2007 -Ordinance No. # 17875-11-2007 DATE: Tuesday, November 27, 2007 LOG NAME: 13EMMAWALKER07 REFERENCE NO.: **G-15970 SUBJECT: Authorize Amendment No. 1 to the Professional Services Agreement with Emma S. Walker, PC, to Assist in the Completion of the FY 2006 Comprehensive Annual Financial Report and Adopt Supplemental Appropriation Ordinance RECOMMENDATION: It is recommended that the City Council: 1. Authorize Amendment No. 1 to City Secretary Contract No. 35984, a professional services agreement with Emma S. Walker, PC, to assist in the completion of the FY2006 Comprehensive Annual Financial Report, increasing the compensation by $100,000, for a total cost not to exceed $210,000; and 2. Adopt the attached supplemental appropriation ordinance increasing appropriations in the General Fund by $100,000, and decreasing the unreserved, undesignated fund balance by the same amount. DISCUSSION: The Finance Department uses this agreement to assist in the completion of the FY 2006 Comprehensive Annual Financial Report (CAFR). Contract accounting staff from Emma S. Walker, PC, assisted with completion of the FY2004 and FY2005 CAFRs and is assisting with the FY2006 CAFR. Additional assistance will be needed from Walker to help complete the FY2007 CAFR. On August 24, 2006, the Purchasing Manager awarded a purchase order to Emma S. Walker, PC, to assist in the completion of the FY2005 CAFR for a cost of $20,000. On October 24, 2006, Council approved M&C P-10474, authorizing execution of a professional services contract with Emma S. Walker, PC, and increasing the existing purchase order by $90,000, for a total cost of $110,000. The Finance Department is requesting to increase the agreement by $100,000, for a total cost of $210,000. Contract accounting staff is utilized to address peak load demands in accordance with recommendations made by MAXIMUS, Inc., as a result of the operations review of the Finance Department. FISCAL INFORMATION/CERTIFICATION: The Finance Director certifies that upon approval of the above recommendations and adoption of the attached supplemental appropriation ordinance, funds will be available in the current operating budget, as appropriated, of the General Fund. Upon approval, the unaudited, unreserved, undesignated fund balance of the General Fund will be $5,897,001, which is the amount available above the minimum reserve fund balance of $51,164,694 required by the City's Financial Management Policy Statements (i.e., 10 percent of the current-year adopted budget expenditures less the annual transfer from the General Fund to the Debt Service Fund). Logname: 13EMMAWALKER07 Page 1 of 2 TO Fund/Account/Centers FROM Fund/Account/Centers GG01 539120 0132010 $100,000.00 GG01 539120 0132010 $100,000.00 Submitted for City Manager's Office bk Karen Montgomery (6222) Originating Department Head: Lena Ellis (8517) Additional Information Contact: Mae Gray-Rossi (8325) Logname: 13EMMAWALKER07 Page 2 of 2