HomeMy WebLinkAboutOrdinance 26836-04-2024Ordinance No. 26836-04-2024
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE WATER & SEWER CAPITAL PROJECTS FUND, IN
THE AMOUNT OF $127,250.00, TRANSFERRED FROM THE RISK FINANCING
FUND, FOR THE PURPOSE OF FUNDING THE 'REPLACEMENT OF
KENWORTH T880 DUMP TRUCK (CITY PROTECT NO. 105527); 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 increased estimated receipts and appropriations in the Water
& Sewer Capital Projects Fund in the amount of $127,250.00, transferred from the Risk Financing Fund, for
the purpose of funding the replacement of Kenworth T880 Dump Truck (City Project No. 105527).
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 retraining 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said prior ordinances and appropriations are hereby expressly repealed.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.
APPROVED AS TO FORM AND LEGALITY: CITY SECRETARY
Jannette S. Goodall
Assistant City Attorney City Secretary
ADOPTED AND EFFECTM: April 24, 2024
City of Fort Worth, Texas
Mayor and Council Communication
t
DATE: 04r23124 M&C FILL; NUMBER: M&C 24-0322
LOG NAME: 14RISK TRANSFER WATER KENWORTH T880 DUMP TRUCK
SUBJECT
(ALL) Adopt Appropriation Ordinances in the Amount of $127,250.00 for the Replacement of Kenworth T880 Dump Truck, Unit 262278
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
$127,250.00, from available net position due to subrogation recovery, for the purpose of transferring to the Water & Sewer Capital Projects
Funt and °
2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations In the Water & Sewer Capital Projects Fund
in the amount of $127,250.00, transferred from the Risk Financing Fund, for the purpose of funding the Replacement of Kenworth T880
Dump Truck (City Project No.105527).
IIISCUSSION•
On February 28, 2023 at approximately 7:OOPM a Kenworth T880 Dump Truck (unit 262278) caught on fire that resulted in a total loss of the
vehicle at an overall cost of $147,900.00. At initial report of clalm, the issue of cause and origin as It relates to this dump truck fire was first raised
and reviewed by the assigned adjuster then deferred to the insurance carrier for further investigation.
After a protracted investigation by the carrier, they determined the cause of origin for this dump truck fire was in fact attributable to faulty repairs
done by the dealership that sold the truck to the City of Fort Worth. Accordingly, the insurance company issued a claim payment in the amount of
$77,250.00 which was received and deposited to the Risk Financing Fund on August 30, 2023, Pursuant to policy, these funds are being
transferred from the Risk Financing Fund, where they were originally recorded, to the fund sustaining the loss, where the funds will be recorded as
revenue. The balance of $511,000.00 which the policy deductible will be funded is from the existing net position. The total amount of transferred
funds Is $127,250.00.
Funding is available for appropriation In net position of the Risk Financing Fond for the purpose of funding the replacement of this Kenworth T080
Dump Truck (unit 2620278). The beginning available net position balance is $35,812,216.69 and afterthe transfer the ending balance will be
$35,684.966.69,
A Form 1295 Is not required because: This M&C does not request approval of a contract with a business entity.
FISCAL INFO ON I CERTIFICATION:
The Directorof Finance certifies thatfunds 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 W&S Capital Projects Fund for the Unit
2620278 Risk Relmb project Prior to any expenditure being Incurred, Human Resources and Water Departments have the responsibility of
verifying the availability of funds.
Submlttedior City
Manager's Office b •
Jeslca L. McEachem
5804
0EIgInatIng Rusiness
Unit Head:
Dianna Giordano
7783
Additionai Information
Contact:
Dannette Murphy
7784