HomeMy WebLinkAboutOrdinance 26374-08-2023ORDINANCE NO. 26374-08-2023
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE WATER AND SEWER CAPITAL PROJECTS FUND
IN THE AMOUNT OF $306,000.00, TRANSFERRED FROM AVAILABLE FUNDS
IN THE WATER AND SEWER FUND, FOR THE PURPOSE OF FUNDING THE
LAKE WORTH INFRASTRUCTURE PROGRAMMABLE PROJECT (CITY
PROJECT NO. P00101); 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 2022-2023 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Water
and Sewer Capital Projects Fund in the amount of $306,000.00, transferred from available funds in the Water
and Sewer Fund, for the purpose of funding the Lake Worth Infrastructure programmable project (City Project
No. P00101).
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said prior ordinances and appropriations are hereby expressly repealed.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:
Mack (Aug 29, 202312:50 CDT)
Douglas W. Black
Senior Assistant City Attorney
ADOPTED AND EFFECTIVE: August 22, 2023
CITY SECRETARY
Jannette S. Goodall
City Secretary
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 08/22/23 M&C FILE NUMBER: M&C 23-0697
LOG NAME: 60FY23 WATER LAKE WORTH SALES
SUBJECT
(ALL) Authorize Acceptance of Funds from the Sale of Platted Lake Worth Lots in the Amount Up to $306,000.00, Authorize the Use of Funds from
the Water and Sewer Fund in an Amount Up to $306,000.00 for the Purpose of Transferring to the Water and Sewer Capital Projects Fund, Adopt
Appropriation Ordinances, and Amend the Fiscal Year 2023 Adopted Budget
RECOMMENDATION:
It is recommended that the City Council:
1. Accept funds in the amount up to $306,000.00 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 up
to $306,000.00 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 $306,000.00 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 2023 Adopted Budget.
DISCUSSION:
The purpose of this Mayor and Council Communication (M&C) is to accept funds from the sale of platted Lake Worth lots to lessees.
Per Ordinance No. 25773-09 2022 Section 4, page 19, the Fiscal Year (FY) 2023 adopted budget for the Water and Sewer Fund was
$515,451,460.00. M&C appropriations throughout the year increased the budget by $40,130,000.00 to $555,581,460.00 (M&C 23-0105, and
M&C 23-0539). This M&C recommends an additional $306,000.00 in revenue appropriations for FY2023, for an adjusted budget of
$555,887,460.00.
This M&C authorizes the use of an amount of up to $306,000.00 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
2023 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 an amount up to $306,000.00 and to balance, revenue
appropriations in the Sale of Lake Worth Assets account will also be increased by and amount up to $306,000.00.
The action in this M&C will amend the FY2023 Adopted Budget as approved in connection with Ordinance 25773-09-2022, Section 4. Enterprise
Funds, as listed on page 19.
Funding is available in the Sale of Lake Worth Assets account within the Water & Sewer Fund.
Fund / Department
FY2022 Adopted
Budget
Authority
Budget
Adjustment
Revised FY2022
Budget
Budget Category
�
Revenues
License and Permits
$1,420,659.00
$1,345,700.00I
i
$474,620,555.00
I
M& 23
$130,000.00
$474,750,555.00
Charges for Services
0105
I
M&C 23-
0539:
$40,000,000.00
$40,000,000.00
Use of Money and Property
$1,646,386.00
$1,646,386.00
EtherRevenue
$11,515,000.00
I $11,515,000.00,'
Sale of Capital Asset
$80,000.00
i
$80,000.00;1
I
This M&Ci $306,000.00� $306,000.00'
Salvage Sales
$25,000.00
$25,000.00�
Transfer from Water Impact
7
$14,669,420.00
j $14,669,420.00
1
Transferfrom ewerlmpact
[:$:8:31:1:,:2:7]0..Ool$8,311,270.00
i
Transfer from Environ
Protection Fund
$495,475.00,
$495,475.00:
Transfer from Stormwater Utility
Fund
$1,268,956.00
$1,268,956.00
Transfer from Solid Waste
Fund
$1,399,239.00
$1,399,239.00
I
Total Revenues
$515,451,460.00
$40,436,000.00 $555,887,460.00
i
Expenditures
Water
$196,654,144.00.
:,
M&C 23- $65,000.00; $196,719,144.00'
0105,
i
M&C 23-i
05391 $7,500,000.00 $7,500,000.00,
Reclaimed Water Department
$119,164.00
$119,164.013I
Wastewater Department
$109,159,558.00
M&C 23-
' $65,000.001 $109,224,558.001
0105,
M&C 23-j $7,500,000.00' $7,500,000.00
0539
I
Transfer to Capital Fund
$120,000.00
$120,000.00i
=Transferer Capital Fund J
$2,999,000.00
$2,500,000.00 $5,499,000.00i
M�O53
Transfer to General Fund for
Public Art
$480,712.001
i
$480,712.00i
i
i
Transfer to General Fund for
Energy Savings Program
$27,116.00
�L77, 116.00
Transfer to Dev Services
$1,060,221.00
$1,060,221.00
Positions
Transfer to Financial
Management Services for
$244,394.00
$244,394.00
Purchasing Positions
Transfer to Water/Sewer
Capital Fund
$74,102,103.00
M&C 23-
0539
$22 500,000.00
$96,602,103.00
Payment in Lieu of Taxes
$5,791,939.00
$5,791,939.00
This M&C
$306,000.00
$306,000.00
Street Rental
$24,038,181.00
$24,038,181.00
Transfer to Water Debt Funds
$100,472,611.00
$100,472,611.00
Transfer to IT Refresh Capital
$182,317.00
$182,317,00
Total Expenditures
$515,451,460.00
$40,436,000.00
$555,887,460.00
This will serve ALL COUNCIL DISTRICTS
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 W & S 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 Managers Office by-. Dana Burghdoff 8018
Originating Business Unit Head: Chris Harder 5020
Additional Information Contact: Norma Naylor 2748