HomeMy WebLinkAbout(0033) M&C 22-0242City of Fort Worth,
Mayor and
Texas
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 Improvement Program.
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
$5,647,344.00
$330,000.00
$5,977,344.00
Budget
Revised
Capital Fund
FY2022 CIP
Authority
Adjustment
FY2022
Name
Project Name
Appropriations
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
Municipal Golf Fund
FY2022 Beginning
Total Fund Balance
$1,518,385.58
Total Fund Balance
Change
($330,000.00)
Revised Total Fund
Balance
$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 INFORMATION / CERTIFICATION:
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