HomeMy WebLinkAboutOrdinance 26298-06-2023ORDINANCE NO.26298-06-2023
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE RISK FINANCING FUND IN THE AMOUNT OF
$60,475.00, REDUCING AVAILABLE FUND BALANCE/NET POSITION, FOR
THE PURPOSE OF TRANSFERRING TO THE STORMWATER 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 L
That in addition to those amounts allocated to the various City departments for Fiscal Year 2022-2023 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Risk
Financing Fund in the amount of $60,475.00, from available fund balance/net position, for the purpose of
transferring to the Stormwater 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 25773-09-2022 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said prior ordinances and appropriations are hereby expressly repealed.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:
140L
Assistant City Attorney
ADOPTED AND EFFECTIVE: June 27, 2023
CITY SECRETARY
A
Jannette S. Goodall
City Secretary
,44�aonn
4y OF FO��a
400 1 °°0°00°°°00
If .CP o'fG�d
1 0 0c�
* a° 0
o
d o00
�►
�aaa`.gs °°°* ,l
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 06/27/23 M&C FILE NUMBER: M&C 23-0605
LOG NAME: 14RISK TRANSFER ATMOS REIMBURSEMENT
SUBJECT
(ALL) Adopt Appropriation Ordinances in the Amount of $60,745.00 for Reimbursement of Subrogation Claims in the Stormwater Capital
Projects Fund
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Risk Financing Fund in the amount of
$60,475.00, from available net position due to subrogation recovery, for the purpose of transferring to the Stormwater Capital Projects
Fund -,and
2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Stormwater Capital Projects Fund in
the amount of $60,475.00, transferred from the Risk Financing Fund, for the purpose of funding the Stormdrain Pipe Rehab programmable
project (City Project No. P00114).
DISCUSSION:
Through Stormwater's Closed -Circuit Television program (CCTV), which records the internal condition of Stormwater's storm drain pipes, it was
discovered that Atmos had bored a gas line through a storm drain pipe thus creating a conflict. The City contacted Atmos regarding the
conflict and Atmos relocated their gas line. At that time, Atmos did not have a contractor under contract to repair the City's storm drain line. Atmos
requested the City use one of the City's on -call contractors to make the repairs to the storm drain line and Atmos agreed to reimburse the City for
that cost. The City proceeded with the storm drain repair and used Stormwater funds to pay for the repair.
The Human Resources - Risk Management Division has collected subrogation revenue totaling $60,475.00. Pursuant to policy, these funds are
being transferred from the Risk Financing Fund, where they were originally recorded, to the fund sustaining the losses, where they will be recorded
as revenue.
Funding is available for appropriation in net position of the Risk Financing Fund for the purpose of funding the New York & Arlington SDR project
(City Project No. 103623) within the Stormwater Pipe Rehab programmable project (City Project No. P00114) for reimbursement of prior expense.
The beginning net position balance is $29,702,575.18 and after the transfer the ending balance will be $29,642,100.18.
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 available in net position of the Risk Financing Fund, and upon approval of the above
recommendations and adoption of the attached appropriation ordinances, funds will be available in the Stormwater Capital Projects Fund for the
Stormdrain Pipe Rehab programmable project. Prior to any expenditure being incurred, Human Resources and Transportation & Public Works
Departments have the responsibility of verifying the availability of funds.
Submitted for City Manager's Office by: Jesica L. McEachern 5804
Originating Business Unit Head: Dianna Giordano 7783
Additional Information Contact: Mark Barta 7790