HomeMy WebLinkAboutOrdinance 15362' - -
- ORDINANCE NO ~~~~~ V -
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE WATER CAPITAL PROJECT FUND IN THE
AMOUNT OF $4,550,527 AND THE SEWER CAPITAL PROJECT FUND IN THE
AMOUNT OF $2,421,314 FROM AVAILABLE FUNDS FOR THE PURPOSE OF
FUNDING THE TRANSFER OF IMPACT FEE REVENUES TO OPERATING
BUDGET, PROVIDING FOR A SEVERABILITY CLAUSE, MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING
ALL 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 the Fiscal Year 2000/01 and 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 $4, 550, 527 and the Sewer Capital Fund in the amount of $2, 421, 314
from available funds for the purpose of funding Water and Sewer Operating Budget.
SECTION 2.
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 remainmg provisions shall be and
remain in full force and effect.
SECTION 3
That this ordinance shall be cumulative of Ordinance No 15184 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and appropriations are hereby expressly repealed.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
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Assistant City Attorney
ADOPTED AND EFFECTIVE. ' c~-' I 1 r ~ ~•
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REFER
Mayor and Council Communication
12/17/02
SUBJECT
City of Fort Worth, Texas
**G-13829
LOG NAME
601MPACT
1 of 2
APPROPRIATION ORDINANCE AND TRANSFER OF IMPACT FEE REVENUES TO
OPERATING BUDGET
RECOMMENDATION
It is recommended that the City Council
Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Water Capital Project Fund in the amount of $4,550,527 and $2,421,314 in the Sewer Capital
Project Fund from impact fees, and
2 Authorize the transfer of $4,550,527 from the Water Capital Project Fund and $2,421,314 from the
Sewer Capital Project Fund to the Water and Sewer Operating Fund
DISCUSSION
During the retail cost of service studies, it was determined that the use of impact fee revenues could
lower the amount of surplus reserve funds needed to have sufficient revenues to cover FY2003
budgeted expenditures While the impact fee ordinance prohibits use for operating expenses, they can
be used to pay principal and interest on debt associated with projects eligible to be funded by impact
fees
These impact fee revenues were considered when calculating the amount of debt to be budgeted in the
Water and Sewer Operating Fund and transferred monthly to the Debt Service Fund By transferring
$6,971,841 ($4,550,527 from Water Impact Fee revenues and $2,421,314 from Wastewater Impact Fee
revenues) to the Water and Sewer Operating Fund, sufficient revenues will be available to pay principal
and interest on existing revenue bonds used to fund impact fee eligible projects
...~:
City o~f'Fo~t WoYth, Texas
Mayor and Council Communication
DATE
12/17J02 REFERENCE NUMBER
**Gi-13829 LOG NAME
601MPACT PAGE
2 of 2
suB~ECT APPROPRIATION ORDINANCE AND TRANSFER OF IMPACT FEE REVENUES TO
OPERATING BUDGET
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon adoption of the attached appropriation ordinance, funds will be
available in the current operating budget of the Water and Sewer Operating Fund
MO•k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
1) PS58 488343 070580200040 $1,082,820
Marc Ott 8476 1) PS58 538040 070580200040 $1,082,820
Originating Department Head: 1) PS58 488353 070580200050 $1,338,494
1) PS58 538040 070580200050 $1,338,494
1) PW53 488013 060530200040 $1,635,663
1) PW53 538040 060530200040 $1,635,663
1) PW53 488023 060530200050 $2,914,864
1) PW53 538040 060530200050 . $2,914,864
2) PE45 488023 0601000 $4,550,527
2) PE45 488353 0701000 $2,421,314
Dale Fisseler 8207 (from) APPROVED 12/17/02
ORDINANCE NO 15362
Additional Information Contact:
Dale Fisseler 8207