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HomeMy WebLinkAbout26-28664 - City Council - OrdinanceORDINANCE 26-28664 AN ORDINANCE INCREASING APPROPRIATIONS IN THE RISK FINANCING FUND IN THE AMOUNT OF $2,200,000.00, FROM AVAILABLE NET POSITION, FOR THE PURPOSE OF REPAIRING MULTIPLE CITY -OWNED FACILITIES THAT SUSTAINED DAMAGE DURING THE APRIL 2026 HAILSTORM; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS THAT: SECTION 1. In addition to those amounts allocated to the various City departments for Fiscal Year 2025-2026 in the Budget of the City Manager, there shall also be increased appropriations in the Risk Financing Fund in the amount of $2,200,000.00, from available net position, for the purpose of repairing multiple City -owned facilities that sustained damage during the April 2026 hailstorm; SECTION 2. 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. This ordinance shall be cumulative of Ordinance ******0920** 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: August 11.2026 EFFECTIVE: August 11.2026 Jannette S. Goodall City Secretary Ordinance No. 26-28664 Page 1 of 1 FORT WORTH. MAYOR AND COUNCIL COMMUNICATION 7.1.38 RISK SUPPLEMENTAL APPROPRIATION RISK FUND DATE: 08/11/26 M&C FILE NUMBER: M&C 26-0652 DEPARTMENT: FINANCIAL MANAGEMENT SERVICES SUBJECT (ALL) Adopt Appropriation Ordinance increasing appropriations in the Risk Financing Fund in the Amount of $2,200,000.00 from Available Net Position for Repairs to Multiple City Facilities Damaged During the April 2026 Hailstorm RECOMMENDATION It is recommended that the City Council adopt the attached appropriation ordinance increasing appropriations in the Risk Financing Fund in the amount of $2,200,000.00, from available net position, for the purpose of repairing multiple City -owned facilities that sustained damage during the April 2026 hailstorm. DISCUSSION In April 2026, Fort Worth experienced a severe hailstorm that caused widespread damage to numerous City -owned facilities. The storm resulted in significant damage to roofing systems, building exteriors, windows, and other property components requiring repair to protect City assets and maintain continuity of operations. The estimated cost to repair the damaged facilities exceeds the amount currently appropriated in the Risk Financing Fund for self-insurance loss claims. To ensure repairs can proceed without delay and to prevent further deterioration of City assets, additional funding is necessary. The Risk Financing Fund is a self-insurance fund established to finance covered losses to City property and other insured risks. The Fund maintains available net position to address significant and unforeseen loss events. The requested appropriation of $2,200,000.00 from the Fund's available net position will provide sufficient budget authority to complete repairs to City facilities. 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 from net position within the Risk Financing Fund and upon approval of the above recommendations and adoption of the 1 of 2 FORT WORTHfU attached appropriation ordinance, funds will be available in the Risk Financing Fund, as appropriated. Prior to an expenditure being incurred, the Financial Management Services Department has the responsibility to validate the availability of funds. SUBMITTED FOR CITY MANAGER'S OFFICE BY: Reginald Zeno, #8517 ORIGINATING BUSINESS UNIT HEAD: Reginald Zeno, #8517 ADDITIONAL INFORMATION CONTACT: Anthony Rousseau, #8338 ATTACHMENTS 1. 13 RISK Supplemental Appropriation Risk Fund AO [7.1.38.1 - 1 page] 2 of 2