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HomeMy WebLinkAboutOrdinance 21530-11-2014 I i i Ordinance No.21530-11-2014 i AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE PUBLIC EVENTS CAPITAL PROJECTS FUND IN THE AMOUNT OF $545,443.42, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF I CLEANING UP OLD PROJECT FUNDS; PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL ORDINANCES IN CONFLICT HEREWITH;AND PROVIDING AN EFFECTIVE DATE. l i BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF FORT WORTH, TEXAS: SECTION 1. I I That in addition to those amounts allocated to the various City departments for Fiscal Year 2014-2015 in the Budget of the City Manager,there shall also be increased estimated receipts and appropriations in the Public j Events Capital Projects Fund in the amount of $545,443.42, from available funds, for the purpose of I cleaning up old project funds. i SECTION 2. I That should any portion, section or part of a section of this ordinance be declared invalid, inoperative or I 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. 1 SECTION 3. I That this ordinance shall be cumulative of Ordinance No. 21457-09-2014 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. 1 I SECTION 4. I This ordinance shall take effect upon adoption. i APPROVE S TO FORM AND LEGALITY: CITY SECRETARY I As tk& ttorney ary J.Kay ' j I i ADOPTED AND EFFECTIVE:November 18,2014 i j i I E I Attachment to M&C 25OLDBONDFLTNDCLEANUP Public Events Department 11/7/2014 Fund Project # Project Name GC66 065006 Public Events Improvements 065007 WRMC Cattle Barn i C192 004001 Public Events Improvements 004002 Public Events FF &E 004003 Will Rogers FF &E I i I I i 'I i i City of Fort Worth, Texas Mayor and Council Communication COUNCIL.ACTION Approved on 1:1/18/2014 Ordinance Nos 21529-1;1 201.4, 21530-1;1- ' 2014, 21531 11 2014 and e21°532 11 2014 i DATE: Tuesday, November 18, 2014 REFERENCE NO.: **G-18363 i LOG NAME: 25BONDFUNDCLEANUP SUBJECT: Authorize Transfers from the Will Rogers Improvements Fund to the Capital Projects Reserve Fund and from the Public Events Fund to the General Fund and to the Public Events Capital Project Fund and Adopt Appropriation Ordinances (COUNCIL DISTRICTS 7 and 9) RECOMMENDATION: It is recommended that the City Council: i 1. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Will Rogers Improvements Fund, GC66, in the amount of$134,181.00; 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Events Fund, C192, in the amount of$600,000.00; ! 3. Authorize the transfer in the amount of$138,732.86 from the Will Rogers Improvements Fund, GC66, to the Capital Projects Reserve Fund, GC 10; 4. Authorize the transfer in the amount of$22,635.96 from the Public Events Fund, C192, to the General Fund, GG01; 5. Authorize the transfer in the amount of$545,443.42 from the Public Events Fund, C192, to the Public Events Capital Project Fund, C234; 6. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Public Events Capital Project Fund, C234, in the amount of$545,443.42; and 7. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the General Fund in the amount of$22,635.96 from the transfer from the Public Events Fund and decreasing the anticipated use of fund balance in the Fiscal Year 2015 General Fund budget by the same amount. DISCUSSION: In an overall citywide effort to clean up old funds prior to the ERP system conversion, Public Events has worked with the Financial Management Services Department to clean up old project funds. Excess balances in old project funds are either being returned to the fund(s) that originally contributed to the project or transferred to corresponding current project funds, subject to any applicable bond covenants and similar limitations. In GC66 (Will Rogers Improvement Fund), the amount of$134,181.00 in unappropriated funds was identified in Project No. 065007. With the adoption of the attached ordinance, these funds will be f I Logname: 25BONDFUNDCLEANUP Pagel of 3 appropriated with a portion being used to cover a deficit in the amount of$60,704.26 in this project and the remaining balance of$73,476.74 being transferred back to the originating funding source of GC10 (Capital Projects Reserve Fund). In addition, a balance in the amount of$65,256.12 in previously appropriated funds in Project No. 065006 (GC66) will also be transferred back to the originating funding source of GC10 (Capital Projects Reserve Fund), resulting in a total transfer in the amount of$138,732.86 from the Will Rogers Improvements Fund (GC66) to the Capital Projects Reserve Fund (GC10). In C192 (Public Events Fund), a balance of$600,000.00 in unappropriated funds was identified in Project No. 004002. Following adoption of the attached ordinance, a portion of the newly appropriated money will be used to cover deficits in Project Nos. 004001 ($350.00), 004002 ($482.15) and 004003 ($31,088.47), leaving a balance of$568,079.38. That amount will be split between a transfer to the General Fund (GG01) in the amount of$22,635.96, which originally contributed that amount to the project and a transfer a to the Public Events Department's current Capital Projects Fund (C234) in the amount of$545,443.42 for use on current planned capital projects at Will Rogers Memorial Center. The money being transferred to the current Capital Projects Fund consists of the amount of$447,364.04 that was originally transferred from the Culture and Tourism Fund (GG04) and the amount of$130,000.00 in miscellaneous revenue. I i Additional identifying information for the project funds is attached to this M&C. FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that upon approval of the above recommendations and adoption of the attached appropriation ordinances, funds will be available in the current capital budgets, as appropriated, of the Will Rogers Improvement Fund, the Public Events Fund, the Public Events Capital Projects Fund and the General Fund. I FUND CENTERS: ' TO Fund/Account/Centers FROM Fund/Account/Centers 1) GC66 488100 020660650070 $134,181.00 3) GC66 538040 020660650060 $65,256.12 1) GC66 541200 020660650070 $60,704.26 3) GC66 538040 020660650070 $73,476.74 1) GC66 538070 020660650070 $73,476.74 4) C192 538070 020192004002 $22,635.96 I 2) Q192 472004 020192004002 $447,364.04 5) C192 538040 020192004002 $545,443.42 2) C192 481306 020192004002 $130,000.00 j 2) C192 472001 020192004002 $22,635.96 2) C192 538070 020192004002 $22,635.96 i I 2) C192 538040 020192004002 $577,364.04 3) GC10 476066 013010001000 $138,732.86 4) GG01 472192 0901100 $22,635.96 5) C234 476192 241069990100 $545,443.42 6) C234 476192 241069990100 $545.443.42 j 6) C234 541200 241069990100 $545.443.42 I 7) GG01 472192 0901100 $22,635.96 7) GG01 539120 0901100 $22,935.96 CERTIFICATIONS: Submitted for City Manager's Office by: Susan Alanis (8180) Originating Department Head: Kirk Slaughter (2501) i Logname: 25BONDFUNDCLEANUP Page 2 of 3 i Additional Information Contact: Betty Tanner (2502) i i i V i If l s V i } , I I i , i V I i I i a ,I I i I i I i Page 3 of 3 Logname: 25BONDFUNDCLEANUP !