HomeMy WebLinkAboutOrdinance 21285-06-2014 Ordinance No. 21285-06-2014
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE CAPITAL PROJECTS RESERVE FUND IN THE
AMOUNT OF $1,794,943.40, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF
TRANSFERRING FUNDS TO THE GENERAL FUND; 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 2013-2014 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Capital Projects Reserve Fund in the amount of $1,794,943.40, from available funds, for the purpose of
transferring funds to the General Fund.
SECTION 2.
That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or
void for any reason by a court of competent jurisdiction, such decision, opinion or judgment shall in no way
impair the remaining portions, sections, or parts of sections of this ordinance, which said remaining
provisions shall be and remain in full force and effect.
SECTION 3.
That this ordinance shall be cumulative of Ordinance No. 20952-09-2013 and all other ordinances and
appropriations amending the same except in those instances where the provisions of this ordinance are in
direct conflict with such other ordinances and appropriations, in which instance said conflicting provisions
of said prior ordinances and appropriations are hereby expressly repealed.
SECTION 4.
This ordinance shall take effect upon adoption.
APPR',OVEq,AS TO FORM AND LEGALITY: CITY SECRETARY—>
r
ssistant City Att tr ey Mary.1. 'r r
ADOPTED AND EFFECTIVE:
r'
ro
i
� z� to hest tl
14,12,701.., :..
gli
® ,
rklrll tOhOStp9bdjdrfffUn�J$'"�2.10��
°%Aie" i
U
to P/%%h t (17"414,14.11,110,11 �/ / 1
Ci y of o Worth, Texas
Mayor and Council communication
`f....., ..... CTION: Approved on 6/1012014 - Ordinance No. 21285-06-201
� IIIIIIIIOIIONIOOOIMIIOINIIIIIIII mImWIIIUINWIIIMMNIIIIIWIWIIIIIIIIl0000MWUUIIIWpI'BIIIVIIIIIIIIIIIIIIIIWIIIIWIIIIIIIIIIWIiiMIII0U0I�iIIIIIIIIIIIIIIIIWI
DATE: Tuesday, June 10, 2014 REFERENCE NO.: G-16237
LOG NAME: 13FUNDTRANSFER
SUBJECT:
Authorize Transfer of Funds from the Capital Projects Reserve Fund and the Specially Funded Capital
Projects Funds to the Genera{ Fund in the Total Amount of$2,322,007.54 Adopt Appropriation
Ordinance (ALL COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Capital Projects Reserve Fund in the amount of$1,794,943.40 from available fundsi
. Authorize a transfer in the amount of$2,163,000.00 from e Capital Projects Reserve Fund to the
General Fund„ and
3. Authorize transfers from o Specially Funded Capital Projects Funds in the amounts of 134„371.
and .70, respectively, to the General Fund.
DISCUSSION:
The purpose of this Mayor and Council Communication is to request that the City Council authorize
transfer back to the General Fund of residual and unallocated monies from Capital Projects funds in the
total amount of$2,322,007.54 to return unused dollars that had previously been provided from the
General Fund for capital projects.
On December 14, 2010, (M&C ®17155) the City Council authorized the transfer of$10,000,000.00 from
the General Fund to the Capital Projects Reserve Fund forte purpose of funding high-priority capital
projects. Following completion of the projects, a balance in the amount of 2,163,000.00 from original
amount remains unspent and unallocated to any project. Staff recommends that this balance be
transferred back to the General Fund. Approval of the first recommendation would appropriate the
amount $1,794,943.40 in Capital Projects Reserve Fund for purposes of making this transfer. The
newly appropriated amount would be combined with an additional amount of$3613,056.60, in previously
appropriated monies, to Il for a transfer oft the entire amount of$2,163,000.00.
In addition, General Fund dollars were also allocated to several individual projects that are now complete
and fund account centers for those projects, which include centers in both the old and the new
Specially Funded Capital Projects Funds„ contain residual funds in the aggregate amount of
159,007.5 . Staff recommends transferring this balance back to the General Fund, as well.
These actions will support the efforts underway to balance the General Fund's Fiscal Year 2015 budget.
l ognarne: 1 T°UNI T . : SIkER bags 1 of 2
FISCAL INFORMATION I CERTIFICATION:
The Financial Management Services Director certifies that upon the approval of the above
recommendations and the adoption of the attached appropriation ordinance, funds will be available in the
General Fund.
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
1} GC1Q 472001 Q13g10Qg1Q0Q J1x1724,943.40 ZL(aC10 538070 013010001000 2,163,000.00
1) GC10 538070 013010QO1000 $1794,943.40 111Q3-1889
12.1 111000MOO j23.552.95
GG @1 472291 :134010 1134
�31L.84 I5 104.65
3} GGQ1 4'72035 g134Q1Q 124&35.70 j12..531,05
CERTIFICATIONS:
Submitted for Citv Manager's Office bv: Susan Alanis (81 80)
Originating Department Head: Aaron Bovos (8517)
Additional Information Contact: Katherine Beck (7918)
............. . ...... ............. ..........
L,ognarne: 13FUNDTRANSFER 1 age 2 of 2