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Home My WebLink AboutOrdinance 25817-11-2022 ORDINANCE NO.25817-11-2022 AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER AND SEWER FUND IN THE AMOUNT OF $33,330,026.00, WITH 1) FROM NEWLY RECOGNIZED REVENUES, AND 2) FROM AVAILABLE FUNDS, FOR THE PURPOSE OF TRANSFERING TO THE WATER AND SEWER CAPITAL PROJECTS FUND; 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 Water and Sewer Fund in the amount of$33,330,026.00, with 1) from newly recognized revenues, and 2) from available funds,for the purpose of transferring to the Water and Sewer Capital Projects Fund. 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which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 0"& ' ✓Ar hc#te,S. Gooch!! DQlack(Nov 10,2022 09:08 CST) Jannette S.Goodall(Nov 10,202211:48 CST) Douglas W.Black Jannette S.Goodall Senior Assistant City Attorney City Secretary 0, �..�, �pF F0Rr�Ft ADOPTED AND EFFECTIVE:November 8,2022 Cj City of Fort Worth, Texas Mayor and Council Communication DATE: 11/08/22 M&C FILE NUMBER: M&C 22-0896 LOG NAME: 60FY22BUDGETADJUSTMENTIII SUBJECT (ALL)Enact Fiscal Year 2022 Budget Adjustments in the Water&Sewer Fund by Allocating Projected Current-Year Revenues to Capital Projects, Authorize Acceptance of Funds from the Sale of Platted Lake Worth Lots in the Amount Up to$330,026.00,Authorize the Use of Funds from the Water and Sewer Fund in an Amount Up to$330,026.00 for the Purpose of Transferring to the Water and Sewer Capital Projects Fund,Adopt Appropriation Ordinances,and Amend the Fiscal Year 2022 Adopted Budget RECOMMENDATION: It is recommended that the City Council: 1. Accept funds in the amount of$330,026.00 from the sale of platted Lake Worth lots to Lessees authorized by Mayor and Council Communication L-15964; 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Water&Sewer Fund in the amount of $33,000,000.00,from newly recognized revenues and$330,026.00 from available funds,for the purpose of transferring to the Water and Sewer Capital Projects Fund; 3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Water and Sewer Capital Projects Fund in an amount up to$330,026.00 transferred from available funds within the Water and Sewer Fund,for the purpose of funding the Lake Worth Infrastructure programmable project(City Project No. P00101);and 4. Amend the Fiscal Year 2022 Adopted Budget. DISCUSSION: The purpose of this Mayor and Council Communication (M&C)is to increase appropriations to the Utility's capital program.This M&C recognizes additional Water&Sewer revenue received by the Utility due to drier than usual weather conditions during the fiscal year. Receipts and appropriations in the Water&Sewer Fund will be increased to be used for supplementing the Utility's pay-as-you-go capital program.This M&C also accepts funds from the sale of platted Lake Worth lots to lessees. Per Ordinance No. 25073-09 2021 Section 4,the Fiscal Year(FY)2022 adopted budget for the Water and Sewer Fund was$491,582,041.00. M&C appropriations throughout the year increased the budget by$47,385,052.00 to$538,967,093.00(M&C 22-0260, M&C 22-0043, M&C 22- 0486, 22-0600 and M&C 22-0716).This M&C recommends an additional$33,330,026.00 in revenue appropriations for FY2022,for an adjusted budget of$572,297,119.00. Expenditure appropriations in the Transfers and Other accounts will increase by$33,000,000.00. The Utility's repair and rehabilitation projects have been affected by rising costs due to inflation and supply chain issues.To balance these increases in expenditures, revenue appropriations in the Use of Money and Property,Charges for Services and Other Revenues accounts will also increase by$33,000,000.00. The fiscal year has been significantly warmer and drier than normal,and retail service revenue exceeded projections,helping to offset the aforementioned rising costs. In addition,this M&C authorizes the use of$330,026.00 from the Water and Sewer Fund to be transferred to the Water and Sewer Capital Projects Fund for funding the Lake Worth Infrastructure projects in and around Lake Worth.The amount of funds being transferred represents FY 2022 revenues from the sale of platted Lake Worth lots to lessees authorized by Council action on M&C L-15964 on November 8,2016. Because the Lake Worth lots were recorded as an asset in the Water and Sewer Fund at the time of Lake Worth's creation, revenues from the sale of the leases are deposited into the Water and Sewer Fund and subsequently transferred to the Water and Sewer Capital Projects Fund. Expenditure appropriations in the Transfer to Water Capital Fund accounts will increase by$330,026.00 and to balance,revenue appropriations in the Sale of Lake Worth Assets account will also be increased by$330,026.00. The actions in this M&C will amend the FY2022 Adopted Budget as approved in connection with Ordinance 25073-09-2021, Section 4. Enterprise Funds,as listed on page 18. Fund/Department FY2022 Adopted Authority Budget Revised FY2022 Budget Adjustment Budget Budget Category Revenues License and Permits $1,345,700.00 $1,345,700.00 $459,626,060.00 M&C 22- $22 100,000.00 $481,726,060.00 Charges for Services 0486 M&C 22- $13,500,000.00 $13,500,000.00 0600 M&C 22- $9,000,000.00 $9,000,000.00 0716 This M&C $28 000,000.00 $28,000,000.00 Rec 2 $1,166,503.00 This M&C $500,000.00 $1,666,503.00 Use of Money and Property Rec 2 $9,885,000.00 This M&C $4,500,000.00 $14,385,000.00 Other Revenue Rec 2 $80,000.00 M&C 22- $493,028.00 $573,028.00 Sale of Capital Asset 0043 This M&C $330,026.00 $330,026.00 Rec 2 $25,000.00 M&C 22- $1,200,000.00 $1,225,000.00 Salvage Sales 0482 Transfer from Water Impact $11,500,000.00 $11,500,000.00 Transfer from Sewer Impact $5,000,000.00 $5,000,000.00 Transfer from Environ Protection $452,726.00 $452,726.00 Fund Transfer from Stormwater Utility $1182,816.00 $1,182,816.00 Fund Transfer from Solid Waste Fund $1,318,236.00 $1,318,236.00 COI Proceeds-Refunding M&C 22- Portion 0260 $950,000.00 $950,000.00 Transfer from 2018 Bond M&C 22- $142,024.00 $142,024.00 Program 0600 Total Revenues $491,582,041.00 $80,715,078.00 $572,297,119.00 Expenditures Water $181,248,103.00 MO 862 $5,800,000.00 $187,048,103.00 M&C 22- $6,500,000.00 $6,500,000.00 0600 M&C 22- $3,000,000.00 $3,000,000.00 0716 $108,421.00 M&C 22- $100,000.00 $208,421.00 Reclaimed Water Department 0486 $100,646,434.00 M&C 22- $6,150,000.00 $106,796,434.00 Wastewater Department 0486 M&C 22- $5,500,000.00 $5,500,000.00 0600 M&C 22- $1,000,000.00 $1,000,000.00 0716 $5,121,000.00 M&C 22- $493,028.00 $5,614,028.00 Transfer to Water Capital Fund 0043 M&C 22- $10,050,000.00 $10,050,000.00 0486 M&C 22- $2,500,000.00 $2,500,000.00 0716 This M&C $330,026.00 $330,026.00 Rec 2 Transfer to General Fund for $480,712.00 $480,712.00 Public Art Transfer to General Fund for $78,953.00 $78,953.00 Position Expenses Transfer to General Fund for $27 116 00 $27,116.00 Energy Savings Program Transfer to Capital Fund $120,000.00 $120,000.00 Transfer to Water/Sewer Capital $77 625,532.00 M&C 22- $1 200,000.00 $78,825,532.00 Fund 0482 M&C 22- 1,642,024.00 $1,642,024.00 0600 M&C 22- $2,500,000.00 $2,500,000.00 0716 This M&C $33,000,000.00 $33,000,000.00 Rec 2 Payment in Lieu of Taxes $5,355,686.00 $5,355,686.00 Street Rental $23,549,018.00 $23,549,018.00 Transfer to Water Debt Funds $97,221,066.00 $97,221,066.00 M&C 22- $950,000.00 $950,000.00 CO)Proceeds 0260 Total Expenditures $491,582,041.00 $80,715,078.00 $572,297,119.00 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 within the Water&Sewer Fund and upon the approval of the above recommendations and adoption of the attached ordinances,funds will be available in the Water&Sewer Fund and the Water and Sewer Capital Projects Fund for the Lake Worth Infrastructure project. Prior to any expenditure being incurred,the Water Department has the responsibility to validate the availability of funds. Submitted for City Manager's Office by: Dana Burghdoff 8018 Originating Business Unit Head: Chris Harder 5020 Additional Information Contact: Matt Thurber 8820 Expedited