HomeMy WebLinkAboutOrdinance 26854-04-2024Ordinance No. 26854-04-2024
AN ORDINANCE ADJUSTING APPROPRIATIONS IN THE FORT WORTH
PUBLIC IMPROVEMENT DISTRICT 19 — HISTORIC CAMP BOWIE FUND BY 1)
DECREASING THE USE OF FUND BALANCE IN THE AMOUNT OF $30,596.00,
2) INCREASING REVENUE IN THE AMOUNT OF IN THE AMOUNT OF
$21,096.00, FROM AVAILABLE FUNDS TRANSFERRED FROM PARK AND
RECREATION DEPARTMENT GENERAL FUND, AND 3) DECREASING OTHER
CONTRACTUAL SERVICES ACCOUNT IN THE AMOUNT OF $9,500.00 FOR
THE PURPOSE OF REDUCING EXPENDITURES RELATED TO MID -YEAR
ADJUSTMENT; 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 2023-2024 in the
Budget of the City Manager, there shall also be adjusting appropriations increasing receipts and
appropriations in the Fort Worth Public Improvement District 19 — Historic Camp Bowie Fund by 1)
decreasing the use of fund balance in the amount of $30,596,00, 2) increasing revenue in the amount of in
the amount of $21,096.00, from available funds transferred from Park and Recreation Department General
Fund, and 3) decreasing other contractual services account in the amount of $9,500.00 for the purpose of
reducing expenditures related to mid -year adjustment.
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 26453-09-2023 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said prior ordinances and appropriations are hereby expressly repealed.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.
"PROVED AS TO FORM AND LEGALITY:
AUm
Nico Arias {Apr26, 202415:21 CDT)
Assistant City Attorney
ADOPTED AND EFFECTIVE: April 23, 2024
CITY SECRETARY
Fo R..Ad p.Gonzalas iApr29, 024OT24CDTI
Jannette S. Goodall
City Secretary o
g4�ba
011 ,4�(�Ooono6Oa'i' a�
is
o a����
��0 o*
¢�rj o o° d
.* o d
City of Fort worth
Five Year Service Plan - FY 2024 - FY2028 (Midyear Adjustment)
Public Improvement District No. 19 - Historic Camp Bowie
FYE 23124
FYE 24125
FYE 25126
FYE 26127
FYE 27128
REVENUES
PID Assessments
$
497,673
$
517,580
$
538,283
$
559,814
$582,207
COFW Payment in lieu of Services
38,887
38,887
38,887
38,887
38,887
Budget Revenues
$
536,560
$
656,467
$
577,170
$
598,701
$
621,094
Use of Fund Balance
33,321
9,976
Total Revenues
$
569,881
$
566,467
$
577,170
$
598,701
$
631,070
EXPENSES
Management Fee
$
96,072
$
99,684
$
115,434
$
101,701
$
119,204
Beautification Admin
25,000
25,000
25,000
25,O0D
$
25,OD0
Beautification - Utilities
38.000
39,520
39,678
41,662
43,745
Beautification - Maintenance
120,000
124,216
118,764
133,514
138,855
Litter Abatement
50,000
52,000
54,080
56,243
58,493
Security
70,000
72,800
75,712
78,740
81,890
Economic Development
35,000
25,000
25,000
25,000
25,000
Marketing & Promotion
68,000
55,000
55,000
55,000
55,000
Communication
42,500
30,000
30,000
30,000
30,000
Audit
12,000
12,480
12,979
13,498
14,038
City Administrative Fee
10,309
11,129
11,543
11,974
12,422
City Administrative Audit
3,000
3,120
3,245
3,375
3,510
Total Budget Expenses
$
569,881
$
549,949
$
566,435
$
575,708
$
607,157
Contribution to Fund Balance
-
$
6,518
$
22,994
23,913
Total Expenses
$
669,881
$
556,467
$
566,435
$
598,701
$
631,070
Net Change in Fund Balance
$
(33,321)
$
6,518
$
10,735
$
22,994
$
13,937
Fund Balance Beginning (Estimated Yrs 2-5)
162,189
128,868
135,386
146,121
169,114
Estimated Fund Balance, End of Year
128,868
135,386
146,121
169,114
183,052
Reserve Requirement
93,410
94,425
95,970
101,213
101.213
Over (Under) Reserve
$
35,458
$
40,961
$
50,150
$
67,901
$
81,839
'FY2024 Assessment Rate = $.10
City of Fort Worth, Texas
Mayor and Council Communication
DATE: 04/23/24 M&C FILE NUMBER: M&C 24-0330
SUBJECT
(CD 3 and CD 7) Adopt Ordinance Amending the Fiscal Year 2023-2024 Adopted Budget and Five -Year Service Plan for Public Improvement
District 19—Historic Camp Bowie and Adopt Appropriation Ordinance
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached ordinance amending the Fiscal Year 2023-2024 Budget and Five -Year Service Plan for Public Improvement District 19 —
Historic Camp Bowie to reflect amendments associated with a mid year review and direct the City Secretary to record the same in the real
property records of Tarrant County, Texas no later than the seventh (7th) day after adoption by the City Council; and
2. Adopt the attached appropriation ordinance adjusting appropriations in the Fort Worth Public Improvement District 19 - Historic Camp
Bowie Fund by 1) decreasing the use of fund balance in the amount of $30,596.00, 2) increasing revenue in the amount of $21,096.00 from
available funds transferred from the General Fund for the Park and Recreation Department, and 3) decreasing other contractual services
account in the amount of $9,500.00 for the purpose of reducing expenditures related to mid -year adjustment.
DISCUSSION:
The City of Fort Worth's Department of Economic Development administers the City's Public Improvement Districts (PIDs). The City's PID Policy
outlines the need to proactively work with the City's PID management companies to oversee the services being provided within each of the PIDs.
PID 19 — Historic Camp Bowie (Historic Camp Bowie PID) is managed by Camp Bowie District Inc., (CBDI).
On September 12, 2023, City Council adopted Ordinance No. 26437-09-2023, approving the Fiscal Year (FY) 2023-2024 Budget, Five Year
Service Plan, Assessment Plan, and Tax Year 2023 Assessment Roll for the Historic Camp Bowie PID. After conducting a mid -year review of the
Historic Camp Bowie PID's budget, City staff and CBDI has identified the need to decrease Historic Camp Bowie PID's (City of Fort Worth)
allocations by $9,500.00 to account for $21,096.00 additional payment in -lieu of services. The additional revenue increase will result in a reduction
to the original use of the fund balance in the amount of $30,596.00. Expenditure adjustments can. be primarily attributable to a reallocation of
economic development to marketing & communication to account for adjustments to litter abatement, beautification -maintenance, economic
development, marketing, and communication line items.
The City's Payment In -Lieu of Services is a supplement to the Historic Camp Bowie PID budget and intended to provide for the standard level of
improvements and services as comparable to what would be provided by the City for the taxpayers generally.
Revenue Adjustments:
Previously
Recommended
Amended
Line Items to
be Adjusted
Approved FY24
Mid Year
FY24 Budget
Budget Item
Adjustment
Item
PID
Assessments
$497,673.00
$0.00
$497,673.00
COFW
Payment in lieu
$17,791.00
$21,096.00
$38,887.00
of Services
Use of Fund
Balance
$63,917.00
($30,596.00)
$33,321.00
Totals
$579,381.00
($9,500.00)
$569,881.00
Expenditure Adjustments:
Line Items to
Previously
Recommended
Amended
be Adjusted
Approved FY24
Mid -Year
FY24 Budget
Budget Item
Adjustment
Item
i
Abatement
$65,000A0
($15,000.00)
50,OOO.OD�
Es
Beautification -
Maintenance
$115 000.00I
$5,000.00
$120,000.00
�Economic
Development
$60,000.00�
($25,000.00)
- $35,000.00
Marketing &
Promotion
$55,000.00
$13,000.00F$68,000-00
Communication
$30.000.00
$12,500.00
$42,500.00
Totals
$325,000.00
($9,500.00)
$315,500.00
All other previously approved line items not mentioned above remain the same.
Upon approval of the above recommendations, the total budgeted expenses for FY 2023-2024 will be $569,881.00. This mid -year budget
adjustment will increase the unaudited, unassigned fund balance by a total of $9,500.00. The revised Budget and Five Year Service Plan will take
effect upon approval by City Council. The City and CBDI will amend the existing management contract to reflect the mid -year adjustments (City
Secretary Contract No. 60315).
The Historic Camp Bowie PID is located in COUNCIL DISTRICTS 3 & 7.
A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFORMATION I CERTIFICATION:
The Director of Finance certifies that upon approval of the recommendations and adoption of the attached appropriation ordinance, funds will be
available in the current operating budget, as appropriated, in the FWPID #19 - Hist Camp Bowie Fund. Prior to any expenditure being incurred,
the Economic Development Department has the responsibility to validate the availability of funds.
Submitted for City Manag ees Officp.b . William Johnson 5806
Originating Business Unit Head: Robert Stums 2663
Additional Information Contact: Lacey Ruiz 2608
Expedited