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HomeMy WebLinkAbout(0017) M&C 20-0029City of Fort Worth, Mayor and Texas Council Communication DATE: 01/14/20 M&C FILE NUMBER: M&C 20-0029 LOG NAME: 25SMARTCITYSUPPLEMENTALAPPROPRIATION SUBJECT Adopt Supplemental Appropriation Ordinances in the amount of $73,632.04 for the Technology Smart City Networks-FWCC Project within the Culture & Tourism Capital Projects Fund and Update the FY2020-2024 CIP (ALL COUNCIL DISTRICTS) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the current FY2020 operating budget of the Culture & Tourism Fund in the amount of $73,632.04 and reduce the fund balance by the same amount for the purpose of making a transfer to the Culture & Tourism Capital Projects Fund for the Technology Smart City Networks-FWCC Project (City Project No.101412); and 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations for the Technology Smart City Networks-FWCC Project (City Project No.101412) in the Culture & Tourism Capital Projects Fund by $73,632.04 from transferred funds. DISCUSSION: The purpose of this Mayor and Council Communication is to increase the Fiscal Year 2020 receipts and appropriations in the Technology Smart City Networks-FWCC capital project within the Culture & Tourism Capital Projects Fund in the amount of $73,632.04 with excess revenue received by the Public Events Department (PED) from FY2016- FY2019. YEAR Appropriat—io—n7l Actuals IVariance FY2015 $0.00 11$168,971.00 IF FY2016 $30,000.00 11$26,912.44 (-$3,087.56) FY2017 $20,000.00 11$37,524.70 1$17,524.70 FY2018 $25,000.00 $53,063.25 $28,063.25 FY2019 $30,000.00 61131.65 IF$31,131.65 $347,603.04 $73,632.04 The City and Smart City Networks, LP (SCN) are currently parties to an agreement, wherein SCN is obligated to provide exclusive communications services for facility users and exhibitors at the Fort Worth Convention Center (FWCC) (CSC Nos. 46140 and 46140-R1) (Agreement). Per the Agreement, SCN is required to contribute three (3%) percent of its monthly gross revenues from the Agreement to a Technology Fund that is specifically reserved for capital technology enhancements at the FWCC. SCN has paid the City $347,603.04 specifically for the technology enhancement projects reserve since Fiscal Year 2015. In August 2019, the PED submitted an assessment analysis to upgrade the FWCC network infrastructure developed by SCN to the City's ITS Department for review. Upon final approval by the ITS Department, this upgrade will be completed, utilizing the revenue set aside. In the future, as additional funds become available, further capital plans reviewed and approved by the ITS Department will be incorporated into the PED 5-year capital plan. Funding for this project was included in the FY2020-2024 Capital Improvement Plan in the amount of $35,000 in the Programmable Project. Additional funding in the amount $73,632.04 is needed for the true up to account for previous received revenue that was not appropriated in the project. 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 upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the current Operating and Capital Budgets of the Culture & Tourism and Culture & Tourism Capital Projects Funds. Prior to any expense being incurred the Public Events Department has the responsibility to validate the availability of funds. Submitted for City Manager's Office by. Jay Chapa 5804 Originating Business Unit Head: Richard Zavala 2501 Additional Information Contact: Andrea Wright 2502