HomeMy WebLinkAboutOrdinance 19403-10-2010 Ordinance No. 19403-10-2010
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN VARIOUS FUNDS IN THE AMOUNT OF $409,110.09,
FROM GAS LEASE REVENUES, FOR THE PURPOSE OF REIMBURSING
EXPENSES ASSOCIATED WITH THE LEASING OF CITY-OWNED MINERALS
IN FISCAL YEAR 2010; 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 in addition to those amounts allocated to the various City departments for Fiscal Year 2010-
2011 in the Budget of the City Manager, there shall also be increased estimated receipts and
appropriations in the Airports Gas Lease Project Fund in the amount of $52,726.70; Aviation
Endowment Fund (Gas Wells) in the amount of$52,726.45; Capital Projects Reserve Fund in the
amount of $14,527.35; General Endowment Fund (Gas Wells) in the amount of $14,527.12; TPW
Gas Well Revenues fund in the amount of$22,103.08; Park Gas Lease Project Fund in the amount
of$34,632.38; Park System Endowment Fund (Gas Wells) in the amount of$5,397.66; Golf Capital
Project Fund (Gas Wells) in the amount of$9,177.90; Lake Worth Capital Improvement Fund (Gas
Wells) in the amount of $22,339.75; Water & Sewer Capital Projects Fund (Gas Wells) in the
amount of $135,713.78 and Water & Sewer Endowment Fund (Gas Wells) in the amount of
$45,237.92 for the purpose of reimbursing expenses associated with the leasing of City-owned
minerals in Fiscal Year 2010.
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. 19355 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conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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.
ED AST M AND LEGALITY:
�G�- �.
Assistant City Att ney
ADOPTED AND EFFECTIVE: October 12, 2010
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION:, Approved on 10/12/2010 -Ord. No., 19403.10.2010
DATE: Tuesday, October 12, 2010 REFERENCE NO.: G-17082
LOG NAME: 062040 GAS OPERATING EXPENSE
SUBJECT:
Authorize Reimbursement of the General Fund in the Amount of$409,110.09 for Expenses Associated
with the Leasing of City-Owned Minerals in Fiscal Year 2010 from Royalties and Bonuses Received and
Adopt Appropriation Ordinance
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Airport Gas Lease Project Fund by $52,726.70; Aviation Endowment Fund (Gas Lease) by $52,726.45;
Capital Projects Reserve Fund by $14,527.35; General Endowment Fund (Gas Lease) by $14,527.12;
TPW Gas Lease Revenues Fund by $22,103.08; Park Gas Lease Project Fund by $34,632.38; Park
System Endowment Fund (Gas Lease) by $5,397.66; Golf Capital Project Fund (Gas Lease) by
$9,177.90; Lake Worth Capital Improvement Fund (Gas Lease) by $22,339.75; Water& Sewer Capital
Projects Fund (Gas Lease) by $135,713.78 and Water& Sewer Endowment Fund (Gas Lease) by
$45,237.92; and
2. Authorize the transfer of$409,110.09, as detailed below, to the General Fund to cover administrative
costs of mineral leasing associated with City-owned properties.
DISCUSSION:
On November 3, 2009, (M&C G-16747) Council adopted Financial Management Policy Statements for
Fiscal Year 2010. These policies included a provision to allow the periodic transfer of gas lease revenues
to the General Fund to offset budgeted administrative costs in the Planning and Development Department
and in the Financial Management Services Department for the leasing program. Further, the allocation of
the costs among the funds was intended to be proportional to the revenue collected in all funds, including
the permanent funds for that reporting period.
In Fiscal Year 2010, staff leased 133 properties covering approximately 1,840 acres and managed the
deposit and allocation of more than $29,154,664.02 in bonus and royalties. The calculated cost of the staff
and overhead expense associated with these activities is $409,110.09 and should be allocated among the
various gas lease funds as follows:
P240-55199990100 Aviation $52,726.70
T125-055125099901 Aviation $52,726.45
GC10-006060001000 General $14,527.35
T127-006127099901 General $14,527.12
C223-201929990200 TPW $15M $22,103.08
C282-801929990100 Parks & Community Services $22,872.59
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C282-801929990300 Parks & Community Services $11,759.79
T122-080192003371 Parks & Community Services $ 5,397.66
P243-801929990100 Parks & Community Services - Golf $ 9,177.90
C246-601159990100 Lake Worth $22,339.75
P245-601149990100 Water/Sewer $90,475.86
P245-601149990300 Water/Sewer $45,237.92
T124-060124099901 Water/Sewer $45,237.92
FISCAL INFORMATION /CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations
and adoption of the attached appropriation ordinance, funds will be available in the current capital budget
of the Airports Gas Lease Project Fund, Aviation Endowment Fund (Gas Lease), Capital Projects Reserve
Fund, General Endowment Fund (Gas Lease), TPW Gas Lease Revenues Fund, Park Gas Lease Project
Fund, Park System Endowment Fund (Gas Lease), Golf Capital Project Fund (Gas Lease), Lake Worth
Capital Improvement Fund (Gas Lease), Water& Sewer Capital Projects Fund (Gas Lease), Water&
Sewer Endowment Fund (Gas Lease)and the current operating budget, as appropriated, of the General
Fund.
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
1) P240 446200 551929990100 $52,726.70 2) P240 538070 551929990100 $52,726.70
1) P240 538070 551929990100 $52,726.70 2)T125 538070 055125099901 $52,726.45
1)T125 446200 055125099901 $52,726.45 2) GC10 538070 006060001000 $14,527.35
1)T125 538070 055125099901 $52,726.45 2)T127 538070 006127099901 $14,527.12
1) GC10 446200 006060001000 $14,527.35 2)C223 538070 201929990200 $22,103.08
1) GC10 538070 006060001000 $14,527.35 2) C282 538070 801929990100 $22,872.59
1)T127 446200 006127099901 $14,527.12 2) C282 538070 801929990300 $11,759.79
1)T127 538070 006127099901 $14,527.12 2)T122 538070 080192003371 $5,397.66
1)C223 446200 201929990200 $22,103.08 2) P243 538070 801929990100 $9,177.90
1)C223 538070 201929990200 $22,103.08 2) C246 538070 601159990100 $22,339.75
1) C282 446200 801929990100 $22,872.59 2) P245 538070 601149990100 $90,475.86
1) C282 538070 801929990100 $22,872.59 2) P245 538070 601149990300 $45,237.92
1) C282 446200 801929990300 $11,759.79 2)T124 538070 060124099901 $45,237.92
1) C282 538070 801929990300 $11,759.79
1)T122 446200 080192003371 $5,397.66
1)T122 538070 080192003371 $5,397.66
1) P243 446200 801929990100 $9,177.90
1) P243 538070 801929990100 $9,177.90
1) C246 446200 601159990100 $22,339.75
1)C246 538070 601159990100 $22,339.75
1 P245 446200 601149990100 $90,475.86
1)P245 538070 _601149990100_ $90,475.86
1) P245 446200 601149990300 $45237.92
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1) P245 538070 601149990300 $45.237.92
1)T124 446200 060124099901 $45,237.92
1)T124 538070 060124099901 $45,237.92
2)GG01 472240 0062040 $52,726.70
2)GG01 472125 0062040 $52,726.45
2) GG01 472010 0062040 $14.527.35
2) GG01 472127 0062040 $14,527.12
2) GG01 472223 0062040 $22.103.08
2)GG01 472282 0062040 $34,632.38
2)GG01 472122 0062040 $5,397.66
2) GG01 472243 0062040 $9,177.90
2) GG01 472246 0062040 $22,339.75
2)GG01 472245 0062040 $135.713.78
2)GG01 472124 0062040 $45.237.92
CERTIFICATIONS:
Submitted for City Manager's Office by: Fernando Costa (6122)
Originating Department Head: Susan Alanis (8180)
Additional Information Contact: Jean Petr/Shirley Talley (8367/2592)
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