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HomeMy WebLinkAbout(0012) M&C 21-0532City of Fort Worth, Mayor and Texas Council Communication DATE: 08/03/21 M&C FILE NUMBER: M&C 21-0532 LOG NAME: 55FTW 2021 FUND APPROPRIATION AMENDMENT SUBJECT (CD 6) Adopt the Attached Appropriation Ordinance in the Amount of $290,145.50 for the Fort Worth Spinks North Perimeter Road Project in the Municipal Airport Capital Projects Fund and Amend the Fiscal Years 2021-2025 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance adjusting receipts and appropriations in the Municipal Airport Capital Projects Fund in the amount of $290,145.50, by decreasing receipts and appropriations in the Future Grant Matches project (City Project No. 101731), and increasing receipts and appropriations in the Fort Worth Spinks North Perimeter Road project (City Project No. C00402) by the same amount; and 2. Amend the Fiscal Years 2021-2025 Capital Improvement Program. DISCUSSION: The purpose of this Mayor and Council Communication (M&C) is to appropriate in the Municipal Airport Capital Projects Fund to offset expenses exceeding the awarded grant amount in the completed Spinks Airport North Perimeter Road project (City Project No. C00402) in order to properly account for the grant expenses and to close the project. M&C 20-0892, initially approved 12/01/2020, was to provide funding to the Municipal Airport Grants Federal Fund in order to offset unanticipated expenses exceeding the grant amount for the Spinks Airport North Perimeter Road Project. This M&C is amending M&C 20-0892 as funding needs to be provided to the Municipal Airport Capital Projects Fund and not the Municipal Airport Grants Federal Fund in order to properly account for expenses exceeding the grant amount and close the project. Funding for this project was not included in the FY2021-2025 Capital Improvement Program due to the new charges were incurred after the CIP was adopted. The action in this M&C will amend the FY2021-2025 Capital Improvement Program as approved in connection with Ordinance 24446-09-2020. FWS N Perimeter Road - C00402 Existing Funding New Funding Current Expenses Move Expenses Muni Airport Grants Federal $2,635,76 7$0.00J $2,925,913.50 ($290,145.50) Municipal Airport Capital Proj $0.00 $290,145.50 $0.00 $290,145.50 Totals $2,635,768.00 $290,145.50 $2,925,913.50 $0.00 This project is located in COUNCIL DISTRICTS 6. A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that funds are currently available in the Future Grant Matches project within the Municipal Airport Capital Proj Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the Municipal Airport Capital Proj Fund for the FWS N Perimeter Road project. Prior to an expenditure being incurred, the Aviation Department has the responsibility of verifying the availability of funds. Submitted for City Manager's Office bT. Fernando Costa 6122 Originating Business Unit Head: Roger Venables 6334 Additional Information Contact: