HomeMy WebLinkAboutOrdinance 15596Ordinance No. ~~~~~.J
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE COMMERCIAL PAPER WATER FUND IN THE AMOUNT OF $1,000,000.00 AND IN
THE COMMERCIAL PAPER SEWER FUND IN THE AMOUNT OF $1,000,000.00 FROM
AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING UNSPECIFIED PROJECTS;
MAKING THIS ORDINANCE CUMULATIVE OF PRIOR 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 2002-2003 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Commercial Paper Water Fund in the amount of $1,000,000.00 and in the Commercial Paper Sewer Fund
in the amount of $1,000,000.00 from available funds for the purpose of funding Unspecified Projects.
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. 15184 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ordinances and appropriations are hereby expressly repealed.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.
APP VED AS TO FORM AND LEGALITY:
`~
Assistant City Attorney
~~~~~
ADOPTED AND EFFECTIVE: ~3
DATE REFERENCE NUMBER LOG NAME PAGE
6/24/03 **G-14003 60FUNDS 1 of 1
SUBJECT APPROPRIATION ORDINANCE FOR WATER AND SEWER INTEREST FUNDS
RECOMMENDATION:
It is recommended that the City Council adopt the attached .appropriation ordinance increasing
estimated receipts and appropriations by $1,000,000 in the Commercial Paper Water Fund and
$1,000,000 in the Commercial Paper Sewer Fund from available funds from interest earnings.
DISCUSSION:
These funds are recommended for appropriation into Unspecified Projects. The Water Department
uses the balances in Unspecified Projects to transfer funds to specific projects. This is done in order to
fund the preliminary work prior to the award of design and construction contracts. These funds may
also be used to cash-finance water and sewer rehabilitation projects and system expansion to support
new development. All projects will be competitively bid and presented to Council as contracts are to be
awarded.
FISCAL INFORMATION/CERTIFICATION:
The Finance Director certifies that upon adoption of the attached appropriation ordinance, funds will be
available in the current capital budget, as appropriated, of the Commercial
Paper Water and Sewer
.
Funds.
MO:r
Submitted for City Manager's FUND .ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
PS46 441012 .070460139010 $1,000,000.00
Marc Ott 8476 PW77 441012 060770159010 $1,000,000.00
Originating Department Head: PS46 541300 070460139010 $1,000,000.00
PW77 541300 060770159010 $1,000,000.00
Maebell Brown (Acting) 8207 (from) APPROVED 06/24/03
ORD.# 15596
Additional Information Contact:
Maebell Brown (Acting) 8207