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HomeMy WebLinkAboutOrdinance 25616-08-2022 ORDINANCE NO.25616-08-2022 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE PUBLIC EVENTS CAPITAL FUND, IN THE AMOUNT OF$780,000.00,TRANSFERRED FROM AVAILABLE FUNDS WITHIN THE CULTURE AND TOURISM FUND,FOR THE PURPOSE OF FUNDING THE WRMC MINOR RENOVATIONS AND REPAIRS PROGRAMMABLE PROJECT (CITY PROJECT NO. P00054); 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 Public Events Capital Fund in the amount of$780,000.00, from available funds, for the purpose of funding the WRMC Minor Renovations and Repairs programmable project(City Project No.P00054). 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which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 G Jannette S.Goodall ;'ug 11,202213:51 CDT) Jannette S.Goodall Assistant City Attorney City Secretary �QF FART/ ADOPTED AND EFFECTIVE:August 9,2022 V ; City of Fort Worth, Texas Mayor and Council Communication DATE: 08/09/22 M&C FILE NUMBER: M&C 22-0580 LOG NAME: 25C&T OPSFUND TRANS CAP SUBJECT (CD 7)Adopt Supplemental Appropriation Ordinances(i)Reallocating Appropriations and Capital Transfers in Culture and Tourism Fund and(ii) Increasing Appropriations in the Public Events Capital Fund and Amend the Fiscal Year 2022 Adopted Budget and Fiscal Years 2022-2026 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance reallocating appropriations in the Public Events Department of the Culture and Tourism Fund by increasing the Transfers and Other Category in the amount of$780,000.00,(1)with$404,294.00 from use of fund balance,and(2)by decreasing budgeted contributions to fund balance in the amount$375,706.00(resulting in a$0 budgeted contribution to fund balance),for the purpose of transferring to the Public Events Capital Fund; 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Events Capital Fund the amount of $780,000.00,transferred from available funds within the Culture and Tourism Fund,for the purpose of funding the WRMC Minor Renovation and Repair programmable project(City Project No. P00054);and 3. Amend the Fiscal Year 2022 Adopted Budget and Fiscal Years 2022-2026 Capital Improvement Program. DISCUSSION: The City of Fort Worth's annual operating budgets are formally enacted into law by City Council action adopting an appropriation ordinance that establishes spending limits for each department's operation.This Mayor and Council Communication(M&C)amends the Culture and Tourism Fund Fiscal Year 2022 budget to reallocate$780,000.00 in available resources for minor renovation and repairs needed at the Will Rogers Memorial Center (WRMC). The actions 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 5,and Section 6.Capital Improvements,as listed on page 25. Fund/Department FY2022 Adopted Budget Revised FY2022 Budget Category Budget Authority Adjustment Budget Revenues Culture and Tourism Hotel Occupancy Taxes $20,526,113.00 $20,526,113.00 Charges for Services $4,833,487.00 $4,833,487.00 Use of Money and Property $9,161,429.00 $9,161,429.00 Other Revenue $1,859,903.00 $1,859,903.00 License and Permits $5,500.00 $5,500.00 Transfer from General Fund 17VFW ECONOMIC $3,691,893.00 DEVELOPMENT $90,000.00 $3,781,893.00 PROMOTIONAL FUNDING Use of Fund Balance This M&C $404,294.00 $404,294.00 Total Revenues $40,078,325.00 $494,294.00 $40,572,619.00 Expenditures Culture and Tourism 17VFW ECONOMIC $37,090,240.00 DEVELOPMENT $90,000.00 $37,180,240.00 PROMOTIONAL FUNDING Transferto General Fund $901,477.00 $901,477.00 Transfer to Culture and Tourism Capital Projects Fund $856,000.00 $856,000.00 This M&C $375,706.00 $375,706.00 FB/NP Interfund Transfer Out This M&C $404,294.00 $404,294.00 Transfer to Vehicle and Equipment Replacement Fund $25,000.00 $25,000.00 Transfer to IT Refresh Capital $31,500.00 $31,500.00 Transfer to Culture and Tourism Debt Fund $343,372.00 $343,372.00 Transfer to Venue Debt Fund $455,030.00 $455,030.00 Contribution to Fund Balance $375,706.00 ($375,706.00) $0.00 Total Expenditures $40,078,325.00 $494,294.00 $40,572,619.00 Capital Fund FY2022 CIP Revised FY2022 Name Project Name Appropriations Authority Budget Adjustment Budget 30205-Public Events Capital P00054 $1,695,000.00This M&C $780,000.00 $2,475,000.00 The Culture and Tourism Fund is currently projecting to exceed budgeted revenue for FY2022 attributable to the continued increases this fiscal year in the Hotel Occupancy Tax collections. Revenue generation from the WRMC is also project to exceed budget for FY2022 as well. As resource stability continues to increase,the Department can refocus on the existing list of minor renovation and repair needs,which have been suspended during the pandemic and subsequent periods of recovery uncertainty. Per the findings in the 2018 Facilities Assessment,the brick facade and cast stone copings around the perimeter of the WRMC Auditorium, Coliseum and Burnett Building are in need of specialized cleaning and repair. Several cast stone copings and other stone roof and facade elements are beginning to unseat and fall away from the building and should be reset along with a few locations where the brick has been damaged and the cast stone elements including trim and soffits are damaged and need repair.After copings and cast stone elements are cleaned and repaired,they should be sealed for protection and to maintain visual aesthetics for a longer period of time.The entire facade,copings and soffits need to be cleaned under strict Cast Stone Institute and American Masonry Institute guidelines and will take approximately 21 weeks to complete. With the addition of these renovation and repair funds,the cleaning and repair of the fagade around these facilities,all remaining sides of the building not completed in the previous project,could be addressed, in addition to removing damaging pollutants such as sulfur and nitrogen oxides,and other acid rain pollutants,from the facade, exposing the substrate for further evaluation and repair. Additionally,the cleaning, investigative work,and repair creates an aesthetically appealing venue that increases the overall customer experience. Funding is available for appropriations in the fund balance and contribution to fund balance accounts within the Culture&Tourism operating fund for the purpose of transferring to the Public Events Capital Fund to fund the WRMC Minor Renovations and Repairs programmable project. The current available fund balance is$11,249,228.83 and after the transfer the fund balance will be$10,844,934.83. 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 fund balance and contribution to fund balance within the Culture&Tourism Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinances,funds will be available in the Public Events Capital Fund for the WRMC Minor Renovation and Repair programmable project. Prior to an expenditure being incurred,the Public Events Department has the responsibility of verifying the availability of funds. Submitted for City Manager's Office by: Reginald Zeno 8517 Originating Business Unit Head: Michael Crum 2501 Additional Information Contact: Keith Chisolm 2525 Expedited