HomeMy WebLinkAboutOrdinance 21966-11-2015 ORDINANCE NO. 21966-11-2015
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE CULTURE TOURISM CAPITAL PROJECTS
FUND BY $200,000, FROM AVAILABLE FUNDS, FOR THE PURPOSE OF
FUNDING START-UP COSTS OF THE MULTIPURPOSE ARENA PROJECT;
PROVIDING FOR A SEVERABILITY CLAUSE; MAKING THIS O C
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 2015-2016 in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the
Culture & Tourism Capital Projects Fund in the amount of$200,000, from available funds, for the purpose
of funding start-up costs of the multipurpose arena project.
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. 21873-09-2015 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of said prior ordinances and appropriations are hereby expressly repealed.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.
PPIZC.)V1I)AS TO FORM AND LEGALITY:
I7en, Mel r�y, Sr. Asst. City Attorney M °y J. r �° ity Beret�r°y
ADOPTED AND EFFECTIVE: November 10,2015
Ordinance No.21966-11-2015
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City of Fort Worth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 11/10/2015 -Ordinance No. 21965-11-2015 &21966-11-
2015
DATE: Tuesday, November 10, 2015 REFERENCE NO.: **G-18604
LOG NAME: 252 1AE A FE
SUBJECT:
Authorize Transfer of$200,000.00 from e Culture & Tourism Fund to the Culture & Tourism Capital
Projects Fund for Continuing Expenses of the Multi-Purpose Arena and opt Appropriation Ordinances
(COUNCIL DISTRICT 7)
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached ordinance increasing i receipts an ro ri i in the Culture
Tourism Fund by $200,000.00 and ecreasin the unassigned fund balance by the same amount for
purposes o akin transfer to the Culture & Tourism Capital Projects Fund;
2. Authorize the transfer 0,00 .00 from ltur Tourism Fund to the Culture & Tourism
Capital Projects Fund for startup costs associated with the Multi-purpose rena Project; and
3, Adopt the attached ordinance increasing estimated receipts and appropriations in the Culture
Tourism Capital roj c in the amount of $200,000.00, from available funds, for the Multi-purpos
Arena Project startup costs.
DISCUSSION:
The purpose of this Mayor and Council Communication ( C) is to re-appropriate funds that had
previously been allocated for use on startup costs associated with the Multi-purpose Arena adjacent to the
Will Rogers Memorial Center ( ) and to transfer those funds to a capital roj c account to allow for
proper accounting.
On January 6, 2015, the City Council authorized the supplemental appropriation of from fun
balance in the Culture Tourism to pay for appraisal and other pre-development expense related
to land acquisition for the Multi-purpose r n Project ( -1 8). The majority of those funds
remained nt and unencumbered as of the end of fiscal year and, as an operating-fund
appropriation, remainder was returned to fund balance when the is I year closed.
Approval of this M&C would in appropriate those funds in the current budget of ulur Tourism
Fund and then transfer them to the Culture Tourism Capital Projects Fund so that all expenditures
related to the Multi-purpose Arena are appropriately recorded in capital projects and capital project
funds.
An Inter-Office Communication date co er 20, 2015, was processed to authorize journal entries and
adjustments that moved the expenses that re originally incurred in the operating fund against the
,January appropriation over to the capital project fund. This action served two purposes (1) ensuring all
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Arena Project expenses are consistently and properly accounted for; and (2) moving the expenditures to
the same fund where the dollars are being re-appropriated to ensure the total amount allocated for these
initial startup costs does not exceed the $200,000.00 that was originally authorized.
Completion of those actions and approval of this M&C would allow the budget and project-to-date
expenses to be synchronized.
The Multi-purpose Arena Project is physically located in COUNCIL DISTRICT 7, but will serve Fort Worth
residents in ALL COUNCIL DISTRICTS.
FISCAL INFORMATION / CERTIFICATION:
The Financial Management Services Director certifies that upon approval oft e above recommend afion,
funds will be available in the Culture & Tourism Capital Projects Fund,
FUND IDENTIFIERS (FID51:
------------- ....................
Fund Department Account Project Program Activity Budget Reference # Amount
ID ID Year .....(Cha,rtfielld
'�—Oi-d-T-0240450 4920101 C40004 00000 C00780 2016 $200,000M
....................
30101 0240450 53305,00 .C40004 00000 C00780 2016 $20000000
20101 246050
0 200,
.......... ......................... _J
.................... ............ ...... ........................
FRO ............................ ......................... ............................................. ..........................................................
"n Department Accou Project ProgramActivity Budget Reference # Amount
ID ID Year (;hartfield
.............
20i-( ____d 46050 56_0001 $200,000.00
CERTIFICATIONS:
Submitted for Citv Manager's Office l4w Susan Alanis (&1 0}
Originating Department Head: Kirk Slaughter (2501)
Additional Information Contact: Betty Tanner (2502)
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