HomeMy WebLinkAboutOrdinance 21287-06-2014 Ordinance No. 21287-06-2014
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE WATER AND SEWER OPERATING FUND IN THE
AMOUNT OF $7,511,318.20, SUBJECT TO RECEIPT OF A TRANSFER FROM THE
STATE REVOLVING FUND, FOR THE PURPOSE OF REIMBURSING THE WATER
AND SEWER OPERATING FUND FOR PAYMENTS MADE IN SUPPORT OF THE
STATE REVOLVING FUND PROGRAM; 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 Water
and Sewer Operating Fund in the amount of$7,511,318.20, subject to receipt of a transfer from the State
Revolving Fund, for the purpose of reimbursing the Water and Sewer Operating Fund for payments made in
support of the State Revolving Fund program.
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of said prior ordinances and appropriations are hereby expressly repealed.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.
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APPROVE AS TO FORM AND LEGALITY: C;I'�['Y SEC';RI TARP
--- - -_. — — -------------_.......—
Dem' C McF,r y,Assistant City Attorney Mary J. r
ADOPTED AND EFFECTIVE: June 10,2014
City of Fort Worth, Texas
Mayor and Council Communication
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COUNCIL ACTION: Approved on 6/10/2014 - Ordinance Nos. 21287-06-2014 & 21286-06-
2014
DATE: Tuesday, June 10, 2014 REFERENCE NO.: -18239
LOG NAME: 60SRF2014
SUBJECT:
Authorize Transfer of Funds from the Water Department's State Revolving Fund to the Water and Sewer
Operating Fund in the Amount of$7,511,318.20 and to the State Revolving Debt Service Fund in the
Amount of$2,590,147.85 and Adopt Appropriation Ordinances (ALL COUNCIL DISTRICTS)
RECOMMENDATION:
It is recommended that the City Council:
1, Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
State Revolving Fund in the amount of$6,577,673.97 from available funds;
. Authorize the transfer in the amount of$7,511,318.20 from the State Revolving Fund to the Water and
Sewer Operating Fund;
. Authorize the transfer in the amount of ,147.85 from the State Revolving Fund to the State
Revolving Debt Service Fund; and
. Adopt the attached supplemental appropriation ordinance increasing estimated receipts and
appropriations in the Water and Sewer Operating Fund in the amount of$7,511,318.20.
DISCUSSION:
The Water Department participates in the State Revolving Fund loan program administered by the Texas
Water Development Board to fund plant expansion projects and improvements to existing facilities through
issuance of revenue bonds. In the past, bond-issuance costs that are now regularly paid from a portion of
the bond proceeds at the time the bonds are issued were instead paid in advance by the Water and Sewer
Operating Fund.
One purpose of this Mayor and Council Communication ( ) is to take actions to reimburse the Water
and Sewer Operating Fund for $6,412,622.41 in past expenditures for bond-issuance costs relating to the
State Revolving Fund program. The M&C also proposes returning $1,098,695.79 to the Operating Fund
that originally came from that fund, resulting in total of$7,511,318.20 being transferred to the Water and
Sewer Operating Fund.
The other purpose of this M&C is to transfer the remaining 0,147.85 to the State Revolving Debt
Service Fund in accordance with the ordinances that authorized the bonds since all costs associated with
the projects have been paid and the projects completed.
The Texas Water Development Board staff has reviewed and approved the repayment of the issuance
costs and has indicated that the Water Department may spend the remaining funds as it sees fit.
L,o n e: 60SRF2014 Page I of 2
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 current
operating budget, as appropriated, of the State Revolving Fund and of the Water and Sewer Operating
Fund.
FUND CENTERS:
TO Fund/Account/Centers FROM Fund/Account/Centers
1) PE42 488112 070420169010 $6,577,673.97 2) PE42 538040 070420169010 $7,511,318.20
1) PE42 538040 ^x70420169010 $6,577,673.97 3) PE42 538040 070420169010 $2,590,147.85
2) PE45 476042 0701000 $7,511,318.20
3) PE15 476042 0132000 $2,590,147.85
4) PE45 476042 0701000 $7,511,318.20
4) PE45 5XXXXX 0701000 $7,511,318.20
CERTIFICATIONS:
Submitted for City Manager's Office b)L. Fernando Costa (6122)
Originating Department Head: S. Frank Crumb (8207)
Additional Information Contact: Jan Hale (8438)
Logname: 60SRF2014 Page 2 of 2