HomeMy WebLinkAboutIR 25-0039INFORMAL RESPONSE TO CITY COUNCIL MEMBERS
No. 25-0039
To the Mayor and Members of the City Council
March 4, 2025
Page 1 of 2
SUBJECT: LIBRARY SPECIAL REVENUE RE -ALLOCATION AND
APPROPRIATION
The purpose of this Informal Report is to provide City Council with background information for three
upcoming Mayor & Council Communications on March 11 to: (1) appropriate funds in the Library Special
Revenue Fund (25004), (2) appropriate funds donated by the Fort Worth Library Foundation to purchase a
van to support Library Services in the community, and (3) transfer residual Capital Funds to the Far
Northwest Library project (City Project No. 103980). After all the M&C transactions are completed, the
Library Special Revenue Fund will have a balance of $606,568.82 to be utilized for Library Services that
continue to benefit the Fort Worth community.
M&C TO APPROPRIATE SPECIAL FUNDS FOR LIBRARY
The Special Revenue Fund has accumulated funds in the amount of $1,504,392,16 in recent years. Revenue
is received from the Addie Levy (restricted for science and technology) and Virginia O'Donnell (unrestricted)
trusts in addition to other donations. The Fund also receives reimbursements from the Library Foundation
for special programming. Additionally, there are monies in other Legacy Funds (25002 and 25003) in the
amount of $340,316.81 that will be transferred to the General Fund under the Library Department.
The transfer of a total amount of $368,228.42 from these three Funds (25002, 25003, 25004) to the General
Fund will be utilized for a Library Strategic Plan. The goals of the Library's last strategic plan (adopted in
2019) have been accomplished, and a new plan is needed to guide staff in serving and engaging residents
for the coming years. The Texas State Library and Archive Commission requires that libraries update
strategic plans every five years to maintain accreditation. Services of a professional consultant will be
needed to conduct community engagement and compile input to create the new plan.
The Library has also identified funds to move to the Far Northwest Library project (City Project No. 103980)
to substantially close the $3.4 million shortfall. The Addie Levy Trust officer has approved the moving of
$1,000,000.00 to assist in closing the gap. Accounting identified $405,027.75 in excess revenue in the
Library Special Revenue Fund in project S00141 — Library Auto Systems. This project was set up to collect
revenue from surrounding cities that for many years paid the Library to use their system. The program
stopped in 2021.
The additional $71,452.80 will be used for technology enhancements to include refreshing public
computers, specialized technology for Science Labs and additional special programming.
ISSUED BY THE CITY MANAGER FORT WORTH, TEXAS
INFORMAL RESPONSE TO CITY COUNCIL MEMBERS
No. 25-0039
To the Mayor and Members of the City Council
March 4, 2025
Page 2 of 2
SUBJECT: LIBRARY SPECIAL REVENUE RE -ALLOCATION AND
APPROPRIATION
M&C TO APPROPRIATE LIBRARY FUNDS FOR VAN PURCHASE
City Council voted to accept $100,000 in M&C 24-0789 on September 17, 2024 from the Fort Worth Library
Foundation to purchase and customize a van to allow for more community outreach and support Library
services. The upcoming M&C on March 111" will transfer the funds to the Vehicle and Equipment Fund for
the purchase.
M&C TO APPROPRIATE LIBRARY PROJECT RESIDUAL TO FAR NW LIBRARY
Residual funds in Library capital projects for Golden Triangle (project 103980) of $816,822.06, Reby Cary
Youth Library (project CO2499) of $528,313.54 and Vivian J. Lincoln (project 101658) of $260,214.63 for a
total of $1,605,350.23 will be used to help close the anticipated $3.4 million shortfall.
For questions regarding this information, please contact Midori Clark, Library Director at 817-392-7707 or
Midori.Clark(cDfortworthtexas.gov.
Jesus "Jay" Chapa
City Manager
ISSUED BY THE CITY MANAGER
FORT WORTH, TEXAS