HomeMy WebLinkAbout2020/12/01-Attachments-Rec 1 C&T Fund AO 20101.PDFOrdinance No.
AN ORDINANCE ADJUSTING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
FISCAL YEAR 2020 IN THE CULTURE AND TOURISM FUND FOR THE PURPOSE OF
REDUCING BUDGET TO REFLECT THE SIGNIFICANT REVENUE LOSS RESULTING
FROM THE IMPACT OF COVID-19 AND ENACTING AN AMENDED TOTAL BUDGET OF
$33,726,900.00, BY DECREASING RECEIPTS IN THE AMOUNT OF $14,744,022.00,
INCREASING THE USE OF FUND BALANCE IN THE AMOUNT OF $5,861,150.00,
DECREASING APPROPRIATIONS IN THE AMOUNT OF $8,337,388.00, DECREASING
CONTRIBUTION TO FUND BALANCE IN THE AMOUNT OF $545,484.00, AND
REALLOCATING $4,090.00 FROM OPERATIONS AND MAINTENANCE ACCOUNTS TO
TRANSFER ACCOUNTS,; 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 2019-2020, as enacted by Ordinance 23835-09-
2019, is hereby further amended to make the following adjustments to the Culture and Tourism Fund for the
purpose of reducing budget to reflect the significant revenue loss resulting from the impact of COVID-19 and
effect an amended total budget of $33,726,900.00: decrease receipts in the amount of $14,744,022.00,
increase use of fund balance in the amount of $5,861,150.00, decrease appropriations in the amount of
$8,337,388.00, decrease contribution to fund balance in the amount of $545,484.00, and reallocate $4,090.00
from operations and maintenance accounts to transfer accounts.
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 23835-09-2019 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said prior ordinances and appropriations are hereby expressly repealed.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
Denis C. McElroy, Asst City Attorney Mary J. Kayser
ADOPTED AND EFFECTIVE: