Loading...
HomeMy WebLinkAboutOrdinance 19445-11-2010 Ordinance No. 19445-11-2010 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER AND SEWER GAS LEASE CAPITAL PROJECTS FUND IN THE AMOUNT OF $500,000.00 FROM AVAILABLE FUNDS, FOR THE PURPOSE OF TRANSFERRING SAID FUNDS TO THE GENERAL FUND; 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 Water and Sewer Gas Lease Capital Projects Fund in the amount of$500,000.00 from available funds, for the purpose of transferring said funds to the General Fund. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. APPROVED AS TO FORM AND LEGALITY: Assistant CitSKAftorney ADOPTED AND EFFECTIVE: November 16. 2010 City of Fort Worth, Texas Mayor and Council Communication 00 t DATE: Tuesday, November 16, 2010 REFERENCE NO.: C-24606 LOG NAME: 02MUSEUM OF SCIENCE FY2011 SUBJECT: Adopt an Appropriation Ordinance Increasing Estimated Receipts and Appropriations in the Water and Sewer Gas Lease Capital Projects Fund by $500,000.00, Authorize the Transfer of Funds in the Amount of $500,000.00 from the Water and Sewer Gas Lease Capital Projects Fund to the General Fund, Authorize Execution of a Contract in an Amount Not to Exceed $500,000.00 with the Fort Worth Museum of Science and History and Adopt Appropriation Ordinance (COUNCIL DISTRICT 7) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the amount of$500,000.00 in the Water and Sewer Gas Lease Capital Projects Fund from available funds; 2. Authorize the transfer of$500,000.00 from the Water and Sewer Gas Lease Capital Projects Fund to the General Fund due to a declared surplus of funds; 3. Adopt the attached supplemental appropriation ordinance increasing estimated receipts in the General Fund by $500,000.00 from available funds; and 4. Authorize the execution of a contract in an amount not to exceed $500,000.00 with the Fort Worth Museum of Science and History. DISCUSSION: On December 8, 2009, (M&C G-16777 and M&C C-23955)the City Council authorized the transfer of $500,000.00 from the declared surplus in the Water and Sewer Operating Fund resulting from the receipt of gas lease revenues to fund a contract with the Fort Worth Museum of Science and History as the first installation of a two-year commitment to the Capital Campaign. The contract between the City of Fort Worth and the Fort Worth Museum of Science and History was for the period beginning October 1, 2009 and ending September 30, 2010. It is recommended that gas lease revenues from the Water and Sewer Gas Lease Capital Projects Fund in the amount of$500,000.00 be declared and found to be a surplus of funds according to the Water Master Ordinance and allocated for the second year of the two-year commitment to the museum's Capital Campaign through a contract to be executed between the City of Fort Worth and the Fort Worth Museum of Science and History for the period beginning October 1, 2010 and ending September 30, 2011. The Fort Worth Museum of Science and History undertook a capital campaign to expand and improve the museum facilities. This expenditure will be used to assist in the capital improvements to the Fort Worth Museum of Science and History. Logname: 02MUSEUM OF SCIENCE FY2011 Page 1 of 2 This project is in COUNCIL DISTRICT 7 but benefits all Council Districts. FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that$500,000.00 of gas well revenue is eligible to be transferred from the Water and Sewer Gas Lease Capital Projects Fund to the General Fund and upon approval of the above recommendation and adoption of the attached appropriation ordinance, funds will be available in the current Capital Budget and current Operating Budget, as appropriated, of the Water and Sewer Gas Lease Capital Projects Fund and the General Fund. FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers 1) P245 446100 601149990100 $500.000.00 2) P245 538070 601149990100 $500,000.00 1) P245 538070 601149990100 $500,000.00 4)GG01 539120 0906000 $500.000.00 283) GG01 472245 0906000 $500.000.00 3) GG01 539120 0906000 $500,000.00 CERTIFICATIONS: Submitted for City Manager's Office by: Fernando Costa (6122) Originating Department Head: Horatio Porter (2379) Additional Information Contact: Horatio Porter (2379) Logname: 02MUSEUM OF SCIENCE FY2011 Page 2 of 2