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Home My WebLink AboutOrdinance 21526-11-2014 Ordinance No.21526-11-2014 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN VARIOUS FUNDS LISTED BELOW IN THE AMOUNT OF $190,164.33, FROM AVAILABLE FUNDS, FOR BANKING AND TRUST SERVICES ASSOCIATED WITH THE COLLECTION AND MANAGEMENT OF THE CITY'S MINERAL REVENUES FROM MULTIPLE GAS COMPANIES; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR I ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH; AND PROVIDING AN EFFECTIVE DATE. E BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: i J SECTION 1. That in addition to those amounts allocated to the various City departments for Fiscal Year 2013-2014 in the i Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the Lake i Worth Gas Lease Capital Improvement Fund in the amount of$30,614.03; Park Gas Well Leases Fund in the amount of$6,853.88; Capital Projects Reserve Fund in the amount of$25,206.95; Airports Gas Lease Project Fund in the amount of$34,153.27; Golf Gas Lease Capital Project Fund in the amount of$1,604.27; Water and Sewer Gas Lease Capital Projects Fund in the amount of$21,237.22; Park System Endowment Gas Lease Fund in the amount of$5,785.14; Water and Sewer Endowment Gas Lease Fund in the amount of 7,055.71; Aviation Endowment Gas Lease Fund in the amount of$33,982.88; and General Endowment j Gas Lease Fund in the amount of $23,670,98, from available funds, for banking and trust services associated with the collection and management of the City's mineral revenues from multiple gas companies. SECTION 2. i i 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. i 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. i This ordinance shall take effect upon adoption. APPROVED AS TO FORM AND LEGALITY: CITY SECRETARY Assistant ity Attorney Mary J.Kayse ADOPTED AND EFFECTIVE:November 11,2014 f I City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION Approved on 11/1.1/2014 "Ordmance.No 21526-11 2014 DATE: Tuesday, November 11, 2014 REFERENCE NO.: G-18356 LOG NAME: 06062050 GAS LEASE CONSULTANT FEES FOR FY2014 SUBJECT: Adopt Appropriation Ordinance to Properly Record Fees in the Amount of$190,164.33 Paid to Wells Fargo Bank, N.A., City Secretary Contract No. 45281 in Fiscal Year 2014 for Banking Services Provided in Conjunction with Management of the City's Mineral Revenues (ALL COUNCIL DISTRICTS) RECOMMENDATION: It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated i receipts and appropriations in Fiscal Year 2014 in the following funds in the amount of$190,164.33 to properly record fees already attributed to the various funds for banking services provided in conjunction with management of the City's mineral revenues: 1. Lake Worth Gas Lease Capital Improvement Fund in the amount of$30,614.03 2. Park Gas Well Leases Fund in the amount of$6,853.88 i 3. Capital Projects Reserve Fund in the amount of$25,206.95; 4. Airports Gas Lease Project Fund in the amount of$34,153.27; 5. Golf Gas Lease Capital Project Fund in the amount of$1,604.27; 6. Water and Sewer Gas Lease Capital Projects Fund in the amount of$21,237.22; 7. Park System Endowment Gas Lease Fund in the amount of$ 5,785.14; 8. Water and Sewer Endowment Gas Lease Fund in the amount of 7,055.71; 9. Aviation Endowment Gas Lease Fund in the amount of$33,982.88; and 10. General Endowment Gas Lease Fund in the amount of$23,670.98. DISCUSSION: In December 2012, City Council approved City Secretary Contract No. 45281 (M&C P-11467)with Wells Fargo Bank, National Association for a five year term based on a monthly fee of$16,000.00 for banking and trust services associated with the collection and management of the City's mineral revenues from multiple gas companies. The banking fee is proportionately taken on a monthly basis from the various funds as outlined above per the current Financial Management Policy Statements. For accounting purposes only, this Mayor and Council Communication appropriates a total of$190,164.33 in fees for Fiscal Year 2014 to the various funds for the banking services provided by Wells Fargo Bank, N.A. and does not further reduce the mineral revenues in Fiscal Year 2014. i i These appropriations will be accounted for in Fiscal Year 2014 since that is the period in which the bank fees were incurred. i FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that upon adoption of the attached appropriation ' i i i Logname: 06062050 GAS LEASE CONSULTANT FEES FOR FY2014 Page 1 of 3 ordinance, funds will be available in the current capital project budgets, as appropriated, of the Lake Worth Gas Lease Capital Improvement Fund, Park Gas Well Leases Fund, Capital Projects Reserve Fund, Airports Gas Lease Project Fund, Golf Gas Lease Capital Project Fund, Water and Sewer Gas Lease Capital Projects Fund, Park System Endowment Gas Lease Fund, Water and Sewer Endowment Gas Lease Fund, Aviation Endowment Gas Lease Fund and General Endowment Gas Lease Fund. FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers C246 446200 601159990100 $30,614.03 ` C246 531260 601159990100 $30.614.03 f C282 446200 801929932500 $220.74 C282 531260 801929932500 $220.74 i C282 446200 801929964800 $674.26 C282 531260 801929964800 $674.26 C282 446200 801929968700 $144.02 C282 531260 801929968700 $144.02 F C282 446200 801929990300 $5,814.86 C282 531260 801929990300 $5,814.86 GC10 446200 006060001000 $25,206.95 I GC10 531260 006060001000 $25,206.95 P240 446200 551929990100 $34.153.27 P240 531260 551929990100 $34,153.27 j P243 446200 801929990100 $1,604.27 P243 531260 801929990100 $1,604.27 1 P245 446200 601149990100 $14,169.89 P245 531260 601149990100 $14,169.89 P245 446200 601149990300 $7,067.33 I P245 531260 601149990300 $7,067.33 I T122 446200 080192003371 $5,564.83 i T122 531260 080192003371 $5,564.83 i T122 446200 080192993251 $220.31 " T122 531260 080192993251 $220.31 T124 446200 060124099901 $7,055.71 T124 531260 060124099901 $7,055.71 T125 446200 055125099901 $33,982.88 T125 531260 055125099901 $33,982.88 T127 446200 006127099901 $23,670.98 T127 531260 006127099901 $23,670.98 CERTIFICATIONS: Submitted for City Manager's Office-§X: Fernando Costa (6122) I Logname: 06062050 GAS LEASE CONSULTANT FEES FOR FY2014 Page 2 of 3 r Originating Department Head: Randle Harwood (6101) Jean Petr (8367) Additional Information Contact: Alphonsine M. Kabasele (8183) i i C I I i i I I r i I I i 6 i I I i I I I I I I I I I Logname: 06062050 GAS LEASE CONSULTANT FEES FOR FY2014 Page 3 of 3