HomeMy WebLinkAbout(0028) Rec 4 DFW Rev Share Fund FY21 AO 20105.PDFOrdinance No.
AN ORDINANCE ADJUSTIGN ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
DALLAS FORT WORTH REVENUE SHARING FUND AS A RESULT OF THE COVID-19
PANDEMIC IMPACT BY DECREASING ESTIMATED RECEIPTS BY $2,160,000.00,
DECREASING EXPENDITURE APPROPRIATIONS BY $997,175.00 AND ELIMINATING
TRANSFERS TO CAPITAL FUND, REALLOCATING A BUDGETED TRANSFER OF
$2,219,021.00 TO THE VENUE DEBT SERVICE FUND INSTEAD OF THE CULTURE AND
TOURISM DEBT SERVICE FUND, AND INCREASING USE OF FUND BALANCE BY
$1,162,825.00, RESULTING IN AN AMENDED FY2021 BUDGET OF $2,662,825.00;
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 the budget of the City of Fort Worth for Fiscal Year 2020-2021, as enacted by Ordinance 24446-09-
2020, as amended, is hereby further amended to make the following adjustments to the Dallas Fort Worth
Revenue Sharing Fund as a result of the COVID-19 pandemic impact: decrease estimated receipts by
$2,160,000.00, decrease expenditure appropriations by $997,175.00 and eliminate transfers to capital fund,
reallocate a budgeted transfer of $2,219,021.00 to the Venue Debt Service Fund instead of the Culture and
Tourism Debt Service Fund, and increase use of fund balance by $1,162,825.00, resulting in an amended
FY2021 budget of $2,662,825.00.
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 24446-09-2020 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said prior ordinances and appropriations are hereby expressly repealed.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
Assistant City Attorney
ADOPTED AND EFFECTIVE:
Mary J. Kayser