HomeMy WebLinkAboutOrdinance 25567-06-2022 ORDINANCE NO. 25567-06-2022
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE LAKE WORTH GAS LEASE CAPITAL PROJECT
FUND IN THE AMOUNT OF$169,143.00,FROM AVAILABLE FUNDS,FOR THE
PURPOSE OF TRANSFERRING TO THE GENERAL FUND TO COVER THE
ADMINISTRATIVE COSTS OF MANAGING CITY-OWNED MINERAL
INTERESTS; 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 Lake
Worth Gas Lease Capital Project Fund in the amount of$169,143.00, from available funds, for the purpose
of transferring to the General Fund to cover the administrative costs of managing city-owned mineral interests.
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said prior ordinances and appropriations are hereby expressly repealed.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
Jeqhhehfe S. a00daLl
Jannette S.Goodall(Jun 30,202211:22 CDT)
Jannette S. Goodall
Assistant City Attorney City Secretary
Vie.. L..
ADOPTED AND EFFECTIVE:June 28,2022
Pr
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 06/28/22 M&C FILE NUMBER: M&C 22-0514
LOG NAME: 21 MINERAL MANAGEMENT ADMIN COSTS FY2021
SUBJECT
(ALL)Adopt Appropriation Ordinances for the Purpose of Transferring Gas Lease Related Revenues in the Amount of$802,012.00 from Various
Gas Revenue Funds to the General Fund for Reimbursement of Expenses Associated with the Management of City-Owned Mineral Interests
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Aviation Endowment Gas Lease
Fund,in the amount of$57,143.00,from available funds,for the purpose of transferring to the General Fund to cover the administrative costs
of managing City-owned mineral interests;
2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the PARD Endowment Gas Lease Fund in
the amount of$22,676.00, from available funds,for the purpose of transferring to the General Fund to cover the administrative costs of
managing City-owned mineral interests;
3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Water/Sewer Endowment Gas
Lease Fund in the amount of$15,268.00,from available funds,for the purpose of transferring to the General Fund to cover the administrative
costs of managing City-owned mineral interests;
4. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Lake Worth Gas Lease Capital Project
Fund in the amount of$169,143.00,from available funds,for the purpose of transferring to the General Fund to cover the administrative costs
of managing City-owned mineral interests;
5. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the PARD Gas Lease Capital Project Fund
in the amount of$58,771.00,from available funds,for the purpose of transferring to the General Fund to cover the administrative costs of
managing City-owned mineral interests;
6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Municipal Golf Gas Lease Capital
Project Fund in the amount of$26,037.00, from available funds, for the purpose of transferring to the General Fund to cover the
administrative costs of managing City-owned mineral interests;
7. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the General Gas Lease Capital Project
Fund in the amount of$162,382.00,from available funds,for the purpose of transferring to the General Fund to cover the administrative costs
of managing City-owned mineral interests;
8. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Aviation Gas Lease Capital Project
Fund in the amount of$192,250.00,from available funds,for the purpose of transferring to the General Fund to cover the administrative costs
of managing City-owned mineral interests;and
9. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Water/Sewer Gas Lease Capital
Project Fund in the amount of$98,342.00, from available funds, for the purpose of transferring to the General Fund to cover the
administrative costs of managing City-owned mineral interests.
DISCUSSION:
On September 15, 2015,through Mayor and Council Communication (M&C) G-18552,the City Council adopted Financial Management Policy
Statements (FMPS) for the City and on November 1, 2016, through M&C G-18872, further revisions to the gas-related revenue and
expense/expenditure policy were adopted. This policy includes a provision allowing periodic transfers of gas lease revenues to the General Fund
to offset budgeted administrative costs in the Property Management Department associated with the management of City-owned mineral interests
with the allocation of such costs being proportional among all gas revenue funds.
In accordance with the FMPS, the costs associated with the management of City-owned mineral interests and the distribution of revenues
therefrom should be proportional among all gas revenue funds according to each fund's relative percentage of the total revenue collected in all
funds during that reporting period.
The total administrative costs were allocated proportionately based upon revenues deposited into each gas lease associated fund during each
Fiscal Year.
These total administrative costs for each fiscal year include the following budgeted categories: Employee Salaries and Benefits and Operational
Expenses.
The total amount includes the estimated cost for Fiscal Year 2022 of$265,996.00.The remaining amount of$536,016.00 is for cleaning up prior
years'Capital Projects budgets.The prior year transfers to the General Fund did occur,but the M&Cs were not created to move the funds.
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 Unspecified-Gas Lease Rev project within the Aviation Endowment Gas
Lease Fund, Water/Sewer Endowment Gas Lease Fund, Lake Worth Gas Lease Capital Project Fund, PARD Gas Lease Capital Project
Fund, Muni Golf Gas Lease Capital Project Fund, General Gas Lease Capital Project Fund,Aviation Gas Lease Capital Project Fund, and
Water/Sewer Gas Lease Capital Project Fund and available in the Unspecified Restr Park Endowmt project within the PARD Endowment Gas
Lease Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinances,funds will be available in
the General Fund. Prior to an expenditure being incurred,the Property Management Department has the responsibility of verifying the availability
of funds.
Submitted for City Manager's Office . Dana Burghdoff 8018
Originating Business Unit Head: Steve Cooke 5134
Additional Information Contact: Marilyn Schoening 7581
Jay Rutledge 6030