HomeMy WebLinkAboutOrdinance 25458-04-2022 ORDINANCE NO.25458-04-2022
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE FORT WORTH PUBLIC IMPROVEMENT
DISTRICT 14- TRINITY BLUFF FUND IN THE AMOUNT OF $4,300.00, FROM
AVAILABLE, UNRESERVED FUND BALANCE, FOR THE PURPOSE OF
FUNDING MID-YEAR BUDGET ADJUSTMENTS; 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 Fort
Worth Public Improvement District 14-Trinity Bluff Fund in the amount of $4,300.00, from available,
unreserved fund balance,for the purpose of funding mid-year budget adjustments.
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said prior ordinances and appropriations are hereby expressly repealed.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
Tann�`'fe S. Goodall
Jannette S.Goodall(Apr 15,202213:32 CDT)
Assistant City Attorney Jannette S. Goodall
ADOPTED AND EFFECTIVE:April 12,2022 Y
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/12/22 M&C FILE NUMBER: M&C 22-0250
LOG NAME: 17PID14 MIDYEARFY22
SUBJECT
(CD 9)Adopt Attached Ordinance Amending the Fiscal Year 2021-2022 Adopted Budget and Five-Year Service Plan for Fort Worth Public
Improvement District 14—Trinity Bluff and Adopt Attached Appropriation Ordinance
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached ordinance amending the Fiscal Year 2021-2022 Budget and Five-Year Service Plan for Public Improvement District 14—
Trinity Bluff to reflect amendments associated with a mid-year review;and
2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Fort Worth Public Improvement District
14—Trinity Bluff Fund in the amount of$4,300.00,from available,unreserved fund balance,for the purpose of funding mid-year budget
adjustments.
DISCUSSION:
The City of Fort Worth's Department of Economic Development administers the City's Public Improvement Districts(PIDs).The City's PID Policy
outlines the need to proactively work with the City's PID management companies to oversee the services being provided within each of the PIDs.
PID 14—Trinity Bluff(or the Trinity Bluff PID)is managed by Downtown Fort Worth Inc., (DFWI).
On September21,2021,City Council adopted Ordinance No.25085-09-2021, approving the fiscal year(FY)2021-2022 Budget, Five-Year
Service Plan,Assessment Plan,and Tax Year 2021 Assessment Roll for the Downtown PID. After conducting a mid-year review of the Heritage
PID's budget,City staff and FirstService have identified the need to increase the Trinity Bluff PID Budget by$4,300.00 to align expenses with
actual activities that are attributable primarily to increases in pedestrian pole painting and an increase to tree lighting.
Revenue adjustments:
Line Items Previously Recommended Amended
to be Approved FY22 Mid-Year FY22 Budget
Adjusted Budget Item Adjustment Item
PID [::��81050.00 $0.00 $81,050.00
Assessments
Use of Fund $7 g00.00 $4,300.00[� $12:2:00.00
Balance
Totals $88,950.0al $4,306. $93,250.00
Expenditure adjustments:
Line Items Previously Recommended Amended
to be Approved FY22 Mid-Year FY22 Budget
Adjusted Budget Item Adjutsment Item
Tree Lights/ $1,250.00 $300.00 $1,550.00
Utilities
Maintenance $11,600.001 $4,000.00 - -- ---.0-
Totals $12,850.001 $4,300.00 $17,150.00
All other previously approved line items not mentioned above remain the same. Upon approval of the above recommendations,the total budgeted
expenses for FY 2021-2022 will be$93,250.00.This mid-year budget adjustment will decrease the unaudited, unassigned fund balance by a total
of$4,300.00.The revised Budget and Five-Year Service Plan will take effect upon approval by City Council.The City and DFWI will amend the
existing management contract to reflect the mid-year adjustment(City Secretary Contract No.56513).
Funding is available for appropriation in the fund balance of the FWPID#14-Trinity Bluff Fund. The beginning balance is$25,752.74,after this
M&C, available balance will be$13,552.74.
The Trinity Bluff PID is located in COUNCIL DISTRICT 9.
A Form 1295 is not required because:This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION/CERTIFICATION:
The Director of Finance certifies that upon approval of the above recommendations and adoption of the attached appropriation ordinance,funds
will be available in the current operating budget, as appropriated, in the FWPID#14—Trinity Bluff Fund. Prior to any expenditure being incurred,
the Economic Development Department has the responsibility to validate the availability of funds.
Submitted for City Manager's Office by. Reginald Zeno 8517
Originating Business Unit Head: Robert Sturns 2663
Additional Information Contact: Crystal Hinojosa 7808