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HomeMy WebLinkAboutOrdinance 27842-08-2025Ordinance No. 27842-08-2025 AN ORDINANCE DECREASING APPROPRIATIONS IN CULTURE AND TOURISM FUND, IN THE AMOUNT OF $1,224,309.34, FROM AVAILABLE NET POSITION, FOR THE PURPOSE OF THE FUND BALANCING; 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 2024-2025 in the Budget of the City Manager, there shall also be decreased appropriations in the Culture and Tourism Fund, in the amount of $1,224,309.34, from available Net Position, for the purpose of the fund balancing. 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 27107-09-2024 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: Assistant City Attorney ADOPTED AND EFFECTIVE: August 12, 2025 CITY SECRETARY Jannette S. Goodall City Secretary d,� j IF ro °°° aa� °0 LL° /^8 °0 0 0 ° °Q -�K� 1 °°OO°°°°°O ° a d��a 'Nix AC;A City of Fort Worth, Texas Mayor and Council Communication DATE: 08/12/25 M&C FILE NUMBER: M&C 25-0704 LOG NAME: 25C&TFY25REVERSETRANSFER SUBJECT (ALL) Adopt Appropriation Ordinances to (1) Decrease Estimated Receipts and Appropriations in the Culture and Tourism Fund by $7,990,040.00, Increase Contributions to Fund Balance by $7,009,960.00, Decrease Use of Fund Balance by $7,990,040.00, and Decrease Capital Interfund Transfers Out by $15,000,000.00; (2) Decrease Estimated Receipts and Appropriations in the Culture and Tourism Capital Projects Fund by $15,000,000.00 for the ARPA Fort Worth Convention Center Expansion & Project Management Project; and (3) Decrease Appropriations in the Culture and Tourism Fund, in the Amount of $1,224,309.34, from Available Net Position, for the Purpose of Fund Balancing; and Amend the Fiscal Year 2025 Adopted Budget and Culture and Tourism Fiscal Years 2025-2029 Capital Improvement Program RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached appropriation ordinance decreasing estimated receipts and appropriations in the Culture and Tourism Fund, in the amount of $7,990,040.00, by increasing appropriations in the contribution to fund balance in the amount of $7,009,960.00, by decreasing use of fund balance in the amount $7,990,040.00, and decreasing capital interfund transfers out in the amount of $15,000,000.00, for the purpose of transferring back to the Culture and Tourism Fund Balance; 2. Adopt the attached appropriation ordinance decreasing estimated receipts and appropriations in the Culture and Tourism Capital Projects Fund, in the amount of $15,000,000.00, previously transferred from the Culture and Tourism Fund, for the purpose of funding the ARPA FWCC Expansion & Project Management Project (City Project No. 102582); 3. Adopt the attached appropriation ordinance decreasing appropriations in the Culture and Tourism Fund, in the amount of $1,224,309.34, from available Net Position, for the purpose of fund balancing; 4. Amend the Fiscal Year 2025 Adopted Budget and Fiscal Years 2025-2029 Capital Improvement Program. DISCUSSION: The purpose of this Mayor and City Council Communication (M&C) is to adjust appropriations and fund balances in the Culture and Tourism Fund and the Culture and Tourism Capital Projects Fund to reverse a prior transfer of $15,000,000.00 from the Culture and Tourism Fund to the Culture and Tourism Capital Projects Fund (Ordinances 27276-11-2024 and 27277-11-2024). By way of this action, the $15,000,000.00 will be returned to the Culture and Tourism Fund fund balance. The Fort Worth Convention Center is located in COUNCIL DISTRICT 9 but will benefit all council districts. The actions in this M&C will amend the Fiscal Year 2025 Adopted Budget as approved in connection with the Ordinance 27107-09-2024 effecting the budget of the municipal government of the City of Fort Worth for the ensuing Fiscal Year beginning October 1, 2024, and ending September 30, 2025, Section 2. Special Revenue Funds and Section 7. Capital Improvements. A Form 1295 is not required because: This M&C does not request approval of a contract with a business entity. FISCAL INFORMATION / CERTIFICATION: The Director of Finance certifies that funds are currently available in the ARPA FWCC Expansion & Prj Mgmt project within the Culture & Tourism Cap Projects Fund and upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the Culture & Tourism Fund. Prior to an expenditure being incurred, the Public Events Department has the responsibility of verifying the availability of funds. Submitted for Citv Manaaer's Office bv: Jesica McEachern 5804 Oriainatina Business Unit Head: Additional Information Contact: Michael Crum 2501 Andrea Wright 2502 Expedited