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HomeMy WebLinkAboutOrdinance 25407-03-2022 ORDINANCE NO.25407-03-2022 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE GENERAL CAPITAL PROJECTS FUND, IN THE AMOUNT OF$395,000.00,TRANSFERRED FROM AVAILABLE FUNDS WITHIN THE MUNICIPAL GOLF FUND,FOR THE PURPOSE OF FUNDING THE GOLF IMPROVEMENTS PROGRAMMABLE PROJECT(CITY PROJECT NO.P00096); 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 2021-2022 in the Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the General Capital Projects Fund in the amount of$395,000.00, transferred from available funds within the Municipal Golf Fund, for the purpose of funding the Golf Improvements programmable project (City Project No. P00096). 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 25073-09-2021 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which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 Nico Arias(Apr 14,202214:34 CDT) Jannette S.Goodall(Apr 14,202214:35 ! FORT` k,r . �. Assistant City Attorney Jannette S. Goodall � City Secretary ADOPTED AND EFFECTIVE:March 29,2022 * ` •ACAS City of Fort Worth,Texas Mayor and Council Communication DATE: 03/29/22 M&C FILE NUMBER: M&C 22-0242 LOG NAME: 80FY2022MUNICIPALGOLFFUNDTRANSFER SUBJECT (ALL)Adopt Attached Appropriation Ordinance Increasing Estimated Receipts and Appropriations in the Municipal Golf Fund in the Amount of $330,000.00,Adopt Attached Ordinance Reallocating Appropriations in the Municipal Golf Fund in the amount of$65,000.00,Adopt Attached Appropriation Ordinance Increasing Estimated Receipts and Appropriations in the General Capital Projects Fund in the amount of$395,000.00, Amend the Fiscal Year 2022 Adopted Budget,and Amend the Fiscal Years 2022-2026 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Municipal Golf Fund in the amount of $330,000.00,by reducing the fund balance,for the purpose of transferring to the General Capital Projects Fund ; 2. Adopt the attached appropriation ordinance reallocating appropriations in the Park&Recreation Department of the Municipal Golf Fund by increasing appropriations for capital interfund transfers in the amount of$65,000.00,and decreasing appropriations in budgeted contribution to fund balance by the same amount(resulting in$0 contribution to fund balance)for the purpose of transferring to the General Capital Projects Fund; 3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the General Capital Projects Fund in the amount of$395,000.00,transferred from available funds within the Municipal Golf Fund,for the purpose of funding the Golf Improvements programmable project(City Project No. P00096);and 4. Amend the Fiscal Year 2022 Adopted Budget and Fiscal Years 2022-2026 Capital Imnr0vAmant Prnn-- DISCUSSION: The purpose of this Mayor and Council Communication(M&C)is to appropriate funds within the Municipal Golf Fund in the amount of$395,000.00 to be transferred to the General Capital Projects Fund. This appropriation will allow for reinvestment in infrastructure and operations at all three city golf courses. The action in this M&C will amend the Fiscal Year 2022 Adopted Budget as approved in connection with Ordinance 25073-09-2021,Section 2. Special Revenue Funds,as listed on page 7: FY2022 Revised Fund/Department Adopted Budget change FY2022 Budget Category Budget Authority (Increase/Decrease) Budget Municipal Golf Fund- Revenues Revenues Charges for Services $5,248,344.00 $5,248,344.00 Other Revenue $4,000.00 $4,000.00 Transfer from General Fund(Operating Subsidy) $395,000.00 $395,000.00 Use of Fund Balance/Net Position This M&C $330,000.00 $330,000.00 Total Revenue $5,647,344.00 $330,000.00 $5,977,344.00 Municipal Golf Fund- Expenditures Expenditures Parks and Recreation $5,153,995.00 $5,153,995.00 Transfer to Capital Fund This M&C $65,000.00 Transfer to Capital Fund $417,549.00 This M&C $330,000.00 $812,549,00 Transfer to IT Refresh Capital $10,800.00 $10,800.00 Contribution to Fund Balance/Net Position $65,000.00 This M&C (65,000.00) $0.00 Total Expenditure $6,647,344.00 $330,000.00 $5,977,344.00 Budget Revised Capital Fund FY2022 CIP Authority FY2022 Name Project Name Appropriations Adjustment Budget 30100- P00096 Golf General Improvements $157,000.00 This M&C$395,000.00$552,000.00 The City of Fort Worth Financial Management Policy Statements,Governmental Funds Reserve Policy states that Special Revenue Funds,of which the Municipal Golf Fund operates as,will maintain a combined Restricted and Assigned Fund balances equivalent to two months(16.67%) of the next fiscal year budget operating expenditures(section V.D.). Fund FY2022 Beginning Total Fund Balance Revised Total Fund Total Fund Balance Change Balance Municipal Golf Fund $1,518,385.58 ($330,000.00) $1,188,385.58 Projects and improvements include purchasing the current fleet of 72 golf carts at Rockwood Park Golf Course($140,000.00),replacement of all fairway bunkers at Pecan Valley River Golf Course($160,000.00), roof repairs to the Pecan Valley Golf Course clubhouse($45,000.00),and clubhouse restroom repairs at Meadowbrook Golf Course($50,000.00),for a total request of$395,000.00. Funding for these projects were not included in the Fiscal Years 2022-2026 Capital Improvement Program(CIP)due to the funding not being identified until after the CIP was approved. The action in this M&C will amend the Fiscal Years 2022-2026 CIP as approved in connection with Ordinance 25073-09-2021,Section 6 as listed on page 23. Municipal golf courses are classified as special use citywide facilities that serve the entire City of Fort Worth. A Form 1295 is not required because:This M&C does not request approval of a contract with a business entity. FISCAL INr grR IATION/CERTIFICATION: 1 The Director of Finance certifies that funds are currently available in the Municipal Golf Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinances,funds will be available in the General Capital Projects Fund for the Golf Improvements programmable project. Prior to an expenditure being incurred,the Park&Recreation Department has the responsibility of verifying the availability of funds. Submitted for City Manager's Office by: Valerie Washington 6192 Originating Business Unit Head: Richard Zavala 5704 Additional Information Contact: Dave Lewis 5717