HomeMy WebLinkAbout(0011) Rec 4 AO Venue Fund 20106.pdfOrdinance No.
AN ORDINANCE REALLOCATING RECEIPTS AND APPROPRIATIONS IN THE FISCAL
YEAR 2021 VENUE OPERATING FUND TO BALANCE FINANCIAL TRANSACTIONS BY
DECREASING APPROPRIATED OPERATING REVENUE BY $1,413,296.00 TO
REFLECT LOWER -THAN -PROJECTED REVENUES AND BY INCREASING USE OF
FUND BALANCE BY $1,413,296.00, RESULTING IN A REVISED TOTAL USE OF FUND
BALANCE OF $3,803,560.00; 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 the budget of the City of Fort Worth for Fiscal Year 2020-2021, as enacted by Ordinance 24446-09-
2020, as amended, is hereby further amended to reallocate receipts and appropriations in the Venue
Operating Fund to balance financial transactions by decreasing appropriated operating revenue by
$1,413,296.00 to reflect lower -than -projected revenues and by increasing use of fund balance by
$1,413,296.00, resulting in a revised total use of fund balance in FY 2021 of $3,803,560.00.
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 24446-09-2020 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said prior ordinances and appropriations are hereby expressly repealed.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:
Denis C. McElroy, Assistant City Attorney
ADOPTED AND EFFECTIVE:
CITY SECRETARY
Jannette S. Goodall
City Secretary