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HomeMy WebLinkAboutOrdinance 16245r Ordinance No ~ ~~~~`~.~' AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE WATER CAPITAL PROJECT FUND IN THE AMOUNT OF $1,200,000 AND THE SEWER CAPITAL PROJECT FUND IN THE AMOUNT OF $1,200,000 FROM INCREASED REVENUES FROM INTEREST EARININGS MAKING THIS ORDINANCE CUMULATIVE OF PRIOR 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 2004-2005 in the Budget of the City Manager there shall also be increased estimated receipts and appropriations in the Water Capital Project Fund in the amount of $1,200 000 and the Sewer Capital Project Fund in the amount of $1,200 000 from increased revenues from interest earnings. 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 16061 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed SECTION 4 This ordinance shall take effect upon adoption APPROVED/AS TO FORM AND LEGALITY `'~ Assistant ity Attorney ADOPTED AND EFFECTIVE. OLt City of Fort Worth, Texas Mayor and Council Communication COUNCIL ACTION Approved on 12/21/2004 Ordinance No 16245 DATE Tuesday December 21 2004 LOG NAME 601NTEREST REFERENCE NO *G-14628 SUBJECT Adopt Appropriation Ordinance for Water and Sewer Interest Funds RECOMMENDATION It is recommended that the City Council adopt the attached appropriation ordinance increasing estimated receipts and appropriations by $1,200 000 in the Water Capital Projects Fund and $1,200 000 in the Sewer Capital Projects Fund from increased revenues from interest earnings DISCUSSION These funds are recommended for appropriation into Unspecified Projects. The Water Department uses the balances in unspecified projects to transfer to specific projects in order to provide for the preliminary work prior to the award of design and construction contracts These funds may also be used to cash- finance water and sewer rehabilitation projects that will be competitively bid and presented to Council as contracts are to be awarded FISCAL INFORMATION/CERTIFICATION The Finance Director certifies that upon adoption of the attached appropriation ordinance funds will be available in the current capital budget, as appropriated of the Water and Sewer Capital Projects Funds. TO Fund/Account/Centers FROM Fund/Account/Centers PW53 441012 060530159010 .$600,000.00 PS58 441012 070580139010 $600.000.00 PW53 541200 060530159010 $600,000.00 PS58 54.1200 070580139010 $600.000.00 P253 441012 601159990100 $600.000.00 P258 441012 701139990100 $600.000.00 P253 541200 601159990100 $600,000.00 P258 541200 701139990100 $600,000.00 Submitted for City Manager's Office b~ Marc Ott (8476) Originating Department Head. S Frank Crumb {Acting) (8207) Additional Information Contact: S Frank Crumb (Acting) (8207) T ~~name_ finINTF.RF4T