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HomeMy WebLinkAboutOrdinance 21558-12-2014 Ordinance No.21558-12-2014 AN ORDINANCE INCREASING THE ESTIMATED APPROPRIATIONS IN THE STORMWATER UTILITY FUND IN THE AMOUNT OF $925,524.00, AND DECREASING THE UNASSIGNED FUND BALANCE BY THE SAME AMOUNT, FOR THE PURPOSE OF TRANSFERRING FUNDS TO THE STORMWATER CAPITAL PROJECTS FUND FOR CASH-FUNDED CAPITAL PROJECTS; 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 2014-2015 in the Budget of the City Manager,there shall also be increased estimated appropriations in the Stormwater Utility Fund in the amount of$925,524.00, and decreasing the unassigned fund balance by the same amount, for the purpose of transferring funds to the Stormwater Capital Projects Fund for cash-funded capital projects. 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. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed. SECTION 4. This ordinance shall take effect upon adoption. APPROVED AS TO FORM AND LEGALITY: CITY SECRETARY Assistant City Attorney Nary J.K Tr ADOPTED AND EFFECTIVE. December 9, 2014 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 12/9/2014 -Ordinance Nos. 21557-12-2014 & 21558-12- 2014 DATE: Tuesday, December 09, 2014 REFERENCE NO.: **G-18374 LOG NAME: 20SW CAPITAL TRANSFER 2015 SUBJECT: Adopt Appropriation Ordinances Increasing Appropriations in the Stormwater Utility Fund and Receipts and Appropriations in the Stormwater Capital Projects Fund in the Amount of$925,524.00 to Fund the Annual Stormwater Cash-Funded Capital Program (ALL COUNCIL DISTRICTS) RECOMMENDATION: It is recommended that the City Council: 1. Adopt the attached supplemental appropriation ordinance increasing appropriations in the Stormwater Utility Fund in the amount of$925,524.00 and decreasing the unassigned fund balance by the same amount; and 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Stormwater Capital Projects Fund in the amount of$925,524.00. DISCUSSION: The Stormwater Utility allocates a portion of the budgeted Stormwater Utility Fund for cash-funded capital projects. This Mayor and Council Communication requests authorization to appropriate remaining funds in Fiscal Year 2014 for cash-funded capital projects to the Fiscal Year 2015 budget of the Stormwater Utility and Stormwater Capital Projects Funds. These funds are used to construct stormwater capital projects either through the Miscellaneous Storm Drain Improvement Contract approved by City Council on April 8, 2014, (M&C C-26760) or through stand-alone contracts for specific projects that are competitively bid and presented to City Council recommending award. 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 budget, as appropriated, of the Stormwater Capital Projects Fund. Upon approval, the unreserved, undesignated cash balance of the Stormwater Utility Fund will exceed the minimum reserve as outlined in the Financial Management Policy Statements. FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers 2) PE69 538040 0209205 $925,524.00 3) P228 476069 020XXXXXXXXX $925.524.00 3) P228 541200 020XXXXXXXXX $925,524.00 Logname: 20SW CAPITAL TRANSFER 2015 Page I of 2 CERTIFICATIONS: Submitted for City Manager's Office by: Fernando Costa (6122) Originating Department Head: Doug Wiersig (7801) Additional Information Contact: Maenica Berry (8198) Logname: 20SW CAPITAL TRANSFER 2015 Page 2 of 2