HomeMy WebLinkAboutOrdinance 19481-12-2010 Ordinance No. 19481-12-2010
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS
IN THE CULTURE AND TOURISM FUND IN THE AMOUNT OF $533,000.00 AND
DECREASING THE UNAUDITED, UNRESERVED, UNDESIGNATED FUNDS BY THE
SAME AMOUNT, FOR THE PURPOSE OF RESTORING FUNDS FOR MARKETING AND
INCREASING THE SPECIAL PUBLIC FACILITIES 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
Culture and Tourism Fund in the amount of $533,000.00 and decreasing the unaudited, unreserved,
undesignated funds by the same amount, for the purpose of restoring funds for marketing and increasing
the Special Public Facilities 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ordinances and appropriations are hereby expressly repealed.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.
APP AS TO F RM D LEG ITY:
t7 t I
Assistant City Attorney
ADOPTED AND EFFECTIVE: December 14, 2010
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION:. Approved on 12114/2010 Ord. No.i 19481-12-20111
DATE: Tuesday, December 14, 2010 REFERENCE NO.: **C-24647
LOG NAME: 25CVBAMENDMENT
SUBJECT:
Adopt a Supplemental Appropriation Ordinance Increasing Appropriations in the Culture and Tourism Fund in the
Amount of$533,000.00 to Fund the Convention and Visitors Bureau and Decreasing the Unaudited, Unreserved,
Undesignated Culture and Tourism Fund Balance by the Same Amount
RECOMMENDATION:
It is recommended that the City Council adopt a supplemental appropriation ordinance increasing
appropriations in the Culture and Tourism Fund in the amount of$533,000.00 to Fund the Convention and
Visitors Bureau and decreasing the unaudited, unreserved, undesignated Culture and Tourism Fund
balance by the same amount.
DISCUSSION:
The purpose of this M&C is to increase the FY2011 appropriation to the Convention and Visitors Bureau
(CVB)to increase the funding for the Special Public Facilities Fund (SPFF) in the amount of$100,000.00
and restore marketing funding for FY2011 in the amount of$433,000.00.
The funding for the operation of the CVB was reduced by ten percent in the adopted FY2011 budget for a
total budget reduction of$716,253.00. The first quarter hotel occupancy tax (HOT) revenue collections
have indicated an upward trend and it appears reasonable that future collections may continue with a
positive collections trend.
The hotel inventory has increased during the last several years. To address the increased inventory, the
CVB must aggressively market Fort Worth as a premier destination in order to maximize the City's
investment in the Convention Center and Will Rogers Memorial Center. The restoration of funds for
marketing activities is critical to the success of the CVB's marketing campaign.
Staff is recommending restoration of$433,000.00 to the current year CVB operating budget for marketing
activities and an additional $100,000.00 for the Special Public Facilities Fund (SPFF) dedicated to the Fort
Worth Convention Center subject to mutually agreed uses of the SPFF. The increased allocation is
contingent upon the overall fiscal year collections of HOT, Public Events facilities revenues and receipts
from the DFW Rental Car meeting or exceeding the budget by a minimum of$533,000.00. Additionally,
the expenses for the Culture and Tourism Fund must meet the budget expectations. Variations to the
revenue or expenses may create an environment whereby subsequent FY2011 payments to the CVB may
be reduced.
One-half of the increased allocation would be paid upon approval of this M&C, with the remaining half to
be made after the second quarter HOT (seven percent) collections are received by the City.
This program services the entire City.
Logname: 25CVBAMENDMENT Page 1 of 2
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that upon adoption of the attached supplemental
appropriation ordinance, funds will be available in the current operating budget, as appropriated, of the
Culture and Tourism Fund. Upon approval, the unaudited, unreserved, undesignated fund balance of the
Culture and Tourism Fund will exceed the minimum reserve as outlined in the Financial Management
Policy Statements.
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
GG04 539120 0241000 $533.000.00 GG04 539120 0241000 $533.000.00
CERTIFICATIONS:
Submitted for City Manager's Office by: Susan Alanis (8180)
Originating Department Head: Kirk Slaughter (2501)
Additional Information Contact: Betty Tanner (2502)
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