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HomeMy WebLinkAboutOrdinance 21939-09-2015 ORDINANCE NO. 21939-09-2015 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE SEWER CAPITAL PROJECTS FUND IN THE AMOUNT OF $1,000,000.00, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF FUNDING VARIOUS WATER & SEWER 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 receipts and appropriations in the Sewer Capital Projects Fund in the amount of$1,000,000.00, from available funds, for the purpose of funding various Water& Sewer 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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: G f .. sta k6ynolds, Sr. As .i tant Cit A eoimne Wry J. S y; Cityj ecretary ADOPTED AND EFFECTIVE: September 29, 2015 Ordinance No. 21939-09-2015 Page 1 of 1 City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION: Approved on 9129/2015 - Ordinance No. 21938-09-2015 & 21939-09- 2015 DATE: Tuesday, September 29, 2015 REFERENCE NO.: G-18583 LOG NAME: 602015 CAPITAL TRANSFER SUBJECT: Authorize Transfer in the Amount of$2,500,000.00 from the Water and Sewer Fund to the Water Capital Projects Fund and Sewer Capital Projects to Fund Various Water and Sewer Capital Projects and Adopt Appropriation Ordinance (ALL COUNCIL DISTRICTS) RECOMMENDATION: It is recommended that the City Council: 1. Authorize the transfer in the amount of$2,500,000.00 from the Water and Sewer Fund to the Water Capital Projects Fund in the amount of$1,500,000.00 and the Sewer Capital Projects Fund in the Amount of$1,000,000.00; and 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Water Capital Projects Fund in the amount of$1,500,000.00 and in the Sewer Capital Projects Fund in the amount of$1,000,000.00 DISCUSSION: Each year the Water and Sewer Fund provides a portion of its capital projects budget from operating revenues for cash financing of capital projects. Once transferred, these funds will be used for rehabilitation and replacement projects. These funds will be used to cash finance water and sewer rehabilitation projects that will be competitively bid and presented to the City Council for approval as contracts are awarded. FISCAL INFORMATION /CERTIFICATION: The Financial Management Services Director certifies that that upon approval of the above recommendations and adoption of the attached appropriation ordinance, funds will be available in the current capital budget, as appropriated, of the Water Capital Projects Fund. There is currently $29,883,943.00 allocated in the Fiscal Year 2015 Sewer Operating Fund for pay as you go capital project funding. As of August 26, 2015, $18,299,631.91 of those funds have been expended and the available balance is $11,584,311.09. FUND CENTERS: TO Fund/Account/Centers FROM Fund/Account/Centers 1&2) P253 476045 601159990100 $1,500,000.00 1) PE45 538040 0709020 $2,500,000.00 Logname: 602015 CAPITAL TRANSFER Page 1 of 2 2) P253 541200 601159990100 $1,500,000.00 1&2) P258 476045 701139990100 $1,000,000.00 2) P258 541200 701139990100 $1,000,000.00 CERTIFICATIONS: Submitted for City Manager's Office by: Jay Chapa (6122) Originating Department Head: John Carman (8246) Additional Information Contact: Jan Hale (8438) Logname: 602015 CAPITAL TRANSFER Page 2 of 2