HomeMy WebLinkAboutOrdinance 20980-09-2013 Ordinance No. 20980-09-2013
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE RISK MANAGEMENT FUND IN THE AMOUNT OF $
453,594.82, FROM AVAILABLE FUNDS DUE TO SUBROGATION RECOVERY,
FOR THE PURPOSE OF TRANSFERRING SAID FUNDS TO VARIOUS FUNDS FOR
THE INSURED PROPERTY AND LIABILITY LOSSES; 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 2012-2013 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Risk
Management Fund in the amount of$ 453,594,82, from available funds due to subrogation recovery, for the
purpose of transferring said funds to various funds for the insured property and liability losses.
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 No. 20411-09-2012 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of said prior ordinances and appropriations are hereby expressly repealed.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:
()tary
JAssi ta�n�tCity t)ney Mary J. 1�s r, i Se
ADOPTED AND EFFECTIVE: October 7,2013
City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 10/7/2013 ordinance No. 20980-09-2013
DATE: Monday, October 07, 2013 REFERENCE NO.: **G-18027
LOG NAME: 13RISK TRANSFER FY13
SUBJECT:
Adopt Supplemental Appropriation Ordinance and Transfer in the Amount of$453,594.82 to Various
Designated Funds for Subrogation Recovery and Self-Funded Property Losses (ALL COUNCIL
DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached supplemental appropriation ordinance increasing estimated receipts and
appropriations in the Risk Management Fund in the amount of$453,594.82, from available funds due to
subrogation recovery; and
2. Authorize the transfer in the amount of$453,594.82 from the Risk Management Fund to various funds
as listed on the attached table.
DISCUSSION:
Throughout the year, the Financial Management Services Department - Risk Management Division
collects subrogation revenue from individuals who have caused damage to City property or from the
individuals' insurance companies. Annually, the City Council is requested to appropriate these revenues
and to transfer them to the City operating funds that sustained the losses.
In addition, these City operating funds are entitled to be reimbursed for losses covered by the City's self-
funded insurance program administered by Risk Management. Approval of the recommendations of this
Mayor and Council Communication includes the reimbursement for those losses covered by the self-
funded insurance program.
The Financial Management Services Department - Risk Management Division has collected
unappropriated subrogation revenue totaling $453,594.82. Pursuant to policy, these funds are being
transferred from the Risk Management Fund, where they were originally recorded, to the various funds
sustaining the losses, where they will be recorded as revenue. Affected funds include the General Fund,
Crime Control and Prevention District Fund, Water and Sewer Fund, Storm Water Utility Fund, Equipment
Services Fund, Information Systems Fund, Community Tree Planting Fund, Capital Projects Services
Fund and Red Light Enforcement Fund.
FISCAL INFORMATION /CERTIFICATION:
The Financial Management Services Director certifies that upon approval of the above recommendations
and adoption of the attached supplemental appropriation ordinance, funds will be available in the Fiscal
Year 2013 budget, as appropriated, of the Risk Management Fund.
Logname: 13 RISK TRANSFER FYI Page 1 of 2
FUND CENTERS:
TO F u nd/Accou nt/C enters FROM Fund/Account/Centers
1) FE71 481142 0137100 1452,594.8 2 2) FE71 538040 0137140 $335,554.09
1) FE71 538040 0137140 $335,554.09 2) FE71 538070 0137140 $118,040.73
1) FE71 538070 0137140 $118,040.73
2) GG01 476071 0901501 $335,554.09
2) GR79 472071 0359802 $53,629.04
2) PE45 472071 0601000 $21.105.04
2) P119 472071 0209900 $11,507.35
2) R159 472071 0202504 $10,671.18
2) PE69 472071 0209000 $5,652.50
2) P161 472071 0212010 $1,000M
2) R184 462824 08080184080 $3,200M
2) P168 472071 004100 $11,275.62
CERTIFICATIONS:
Submitted for City Manager's Office by; Susan Alanis (8180)
Originating Department Head: Jesus Chapa (8517)
Additional Information Contact: Joey Page (7761)
Logname: BRISK TRANSFER FYI 3 Page 2 of 2