HomeMy WebLinkAboutOrdinance 27152-09-2024Ordinance No. 27152-09-2024
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS 1N THE WATER & SEWER FUND IN THE AMOUNT UP TO
S60,000.00, TRANSFERRED FROM LAKE WORTH ASSETS AVAILABLE
FUNDS, FOR THE PURPOSE OF TRANSFERRING FUNDS 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 2023-2024 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Water
& Sewer Fund in the amount up to $60,000.00, transferred from Lake Worth Assets available funds, for the
purpose of transferring funds 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 j udgment 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said prior ordinances and appropriations are hereby expressly repealed.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.
1PPROVED AS TO FORM AND LEGALITY:
Douglas Mack 11:09 CDT}
Douglas W. Black
Sr. Assistant City Attorney
ADOPTED AND EFFECTIVE: September 17, 2024
CITY SECRETARY
Jannette S. Goodall
City Secretary
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City of Fort Worth,
Mayor and
Texas
Council Communication
DATE: 09/17/24 MSC FILE NUMBER: M&C 24-0839
LOG NAME: 60FY24 WATER LAKE WORTH SALES
SUBJECT
(ALL) Authorize Acceptance of Funds from the Sale of Platted Lake Worth Lots in the Amount Up to $60,000.00, Authorize the Use of Funds from
the Water and Sewer Fund in an Amount Up to $60,000.00 for the Purpose of Transferring to the Water and Sewer Capital Projects Fund, Adopt
Appropriation Ordinances, and Amend the Fiscal Year 2024 Adopted Budget and to Effect a Portion of Water's Contribution to the Fiscal Years
2024-2028 Capital Improvement Program
RECOMMENDATION:
It is recommended that the City Council:
1. Accept funds in the amount up to $60,000.00 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 $60,000.00, transferred from Lake Worth Assets 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 $60,000.00, transferred from Lake Worth Assets available funds within the Water and Sewer Fund related to the sale of
Lake Worth lots, for the purpose of funding the Lake Worth Infrastructure programmable project (City Project No. P00101) and to effect a
portion of Water's contribution to the Fiscal Years 2024-2028 Capital Improvement Program; and
4. Amend the Fiscal Year 2024 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. 26453-09-2024 Section 4, page 20, the Fiscal Year (FY) 2024 adopted budget for the Water and Sewer Fund was
$574,843,877.00. M&C appropriations throughout the year increased the budget by $40,621,220.00 to $615,465,097.00 (M&C 23-0799 and 24-
0600). This M&C recommends an additional $60,000.00 in revenue appropriations for FY2024, for an adjusted budget of $615,525,097.00.
This M&C authorizes the use of an amount of up to $60,000.00 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
2024 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 $60,000.00, and to balance, revenue
appropriations in the Sale of Lake Worth Assets account will also be increased by an amount up to $60.000.00.
The action in this M&C will amend the FY2024 Adopted Budget as approved in connection with Ordinance 26453-09-2024, Section 4. Enterprise
Funds, as listed on page 20.
Funding is available in the Sale of Lake Worth Assets account within the Water & Sewer Fund.
Fund!
Department
FY2024
Budget
Revised
Budget
Adopted
Budget
Authority
Adjustment
FY2024 Budget
Category
Revenues,
License and
Permits
$1,646,940.00
$1,646,940.00'
Charges for
$524,426,085.00
$524,426,085.00
Services
M&C 24-
0600
$40,200,000.00
$40,200,000.00
Use of Money
$2,296,386.00
$2,296,386.00
and Property
Revenue
$12,515,000.00
M8`0799�[$4211,2:20.010
$12,936,220.00
Sale of
Capital Asset
$100,000.00
$100,000.00
This M&C
$60,000.00
$60,000.00
Salvage Safes
$30,000.00
$30,000.00
Transfer from
Water Impact
$14,584,082.00
$14,584,082.00
Transfer from
$15,697,815.00
$15,697,815.00
Sewer Impact
Transfer from
Environ
Protection
$576,756.00
$576,756.00
Fund
Transfer from
Stormwater
$1,418,235.00
$1,418,235.00
Utility Fund
Transfer from
Solid Waste
$1,552,578.00
$1,552,578.00
Fund
Total
Revenues
$574,843,877.00
$40,681,220.00
$615,525,097.00
Expenditures
Wafer
$216.220,428.00
M& 0799
$210,610.00
$216,431,038.00
M&C 24-
0600
$5' 000,000.00
$5,000,000.00
Reclaimed
Water
$132,641.00
M&C 24-
$175,000.00
$307,641.00
Department
0600
Wastewater
M&C 23-
Department
$121 297 960.00
! 0799
$210,610.00
$121,508,570.00
El
M&C 24-
0600
$10.000,000.00
$10,0001000.00
Transferto
Water Capital
$4,156,000.00
M&C24-
$175,000.00
$4,331,000.00
Fund
0600
This M&C
� $60,000.001
$60,000.00
Transfer to
General Fund
for Energy
$27,116.00
$27,116.00
Savings
Program
Transferto
Dev Services
$1,060,221.00
$1,060,221.00
Positions
Transferto
Financial
Management
$345,088.00
$345,088.00
Services for
Purchasing
Positions
Transfer to
Water/Sewer
$84,505,035.00
M&C 24-
$58,825,000.00
$143,330,035.00
Capital Fund
0600
Payment in
Lieu of Taxes
$5,737,866.00
$5,737,866.00
Street Rental
$26 313,324.00
M&C 24-
0600
$25,000.00
$26,338,324.00
Transferto
Water Debt
$114,865,880.00
M&C 24-
($34,000,000.00)
$80,865,880.00
Funds
0600
Transfer to IT
Refresh
$182,318.00
$182,318,00
Capital
Total
Expenditures
$674,843,877.00
$40,681,220.00
$615,525,097.00
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.
INSCAL_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 Manager's Office_by� Femando Costa 6122
Originating Business Unit Head: Chris Harder 5020
Additional Information Contact: Norma Naylor 2748