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HomeMy WebLinkAboutOrdinance 14851• T Ordinance No. ~~" AN ORDINANCE APPROPRIATING $54,250 TO THE GENERAL FUND AND DECREASING THE UNRESERVED, DESIGNATED GENERAL FUND BALANCE BY THE SAME AMOUNT FOR THE PURPOSE OF PROVIDING FUNDING FOR PAYMENT TO THE STANDING STEERING COMMITTEE OF TEXAS UTILITIES ELECTRIC SERVICE AREA CITIES FOR PARTICIPATION IN DOCKET AND RATE CASES BEFORE THE PUBLIC UTILITY COMMISSION OF TEXAS, 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 2001-02 and in the Budget of the City Manager, there shall also be increased appropriations in the General Fund in the amount of $54,250; thereby decreasing the unreserved, designated Fund balance by the same amount for the purpose of providing funding for payment to the Standing Steering Committee of Texas Utilifies Electric Service Area Cities for participation in docket and rate cases before the Public Utility Commission of Texas. 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. 14745 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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. APPR VED AS TO FORM AND LEGALITY G~ity Attorney //// ADOPTED AND EFFECTIVE. l/,~3,~ I i%" City of Fort Worth, Texas ~1-~A~o~ And aunt( airtmun~cAt°~an C C r ,> DATE REFERENCE NUMBER LOG NAME PAGE 11/13/01 G-13438 02STEERING 1 of 2 SUBJECT ADOPTION OF SUPPLEMENTAL APPROPRIATION ORDINANCE AND AUTHORIZATION FOR PAYMENT TO THE STANDING STEERING COMMITTEE OF TEXAS UTILITIES ELECTRIC SERVICE AREA CITIES TO FUND PARTICIPATION IN DOCKETS AND RATE CASES BEFORE THE PUBLIC UTILITY COMMISSION OF TEXAS RECOMMENDATION It is recommended that the City Council Adopt the attached supplemental appropriation ordinance increasing appropriations in the General Fund by $54,250 and decreasing the unreserved, designated fund balance by the same amount; and 2 Authorize the City Manager to pay the Steering Committee of Texas Utilities (TXU) Electric Service Area Cities in the amount of $54,250, to fund participation in the current and upcoming dockets and rulemakings at the Public Utility Commission of Texas DISCUSSION Pursuant to TXU Electric Company's franchise to operate in the City granted in July 1993, TXU paid the City $3 6 million in advance and increased its annual franchise fee payments by 33% In exchange, the City agreed that it would not exercise its right to receive reimbursement for expenses resulting from electricity rate cases brought by the City The City Council established a special reserve account to pay the City's expenses in those rate cases. Several cities including Dallas, Arlington, Waco and Irving entered into similar franchise agreements with TXU On July 30, 1996 (M&C G-11549), the City of Fort Worth also joined these cities to form a Standing Steering Committee that would be funded in advance to enable the cities to respond in a timely manner to filings before the Public Utility Commission of Texas. The initial assessment on the member cities was ten cents per capita Future assessments would depend on the number and extent of the rulemaking, rate cases and related dockets in which the cities intervened There are a number of issues before the Public Utilitiy Commission of Texas associated with electric utility deregulation The Steering Committee's Executive Committee has determined that additional funds are needed to address these issues The Executive Committee recommends an additional assessment from the member cities The City's share on this project is $54,250 Payment of this assessment is a legitimate use for the funds in the Electricity Rate Case Reserve Account. Currently, $500,000 is designated in the unreserved, designated fund balance of the General Fund to provide a~secure;source of funding for the City's participation of the TXU rate cases Each fiscal year, if the designated reserve account falls below the $500,000 balance, Ordinance No 1382, is amended by M&C G-13023 which was approved by the City Council on September 26, 2000, requires a deposit be made equal to the lesser of $150,000, or whatever amount is necessary to return the balance of the designated reserve account to $500,000 ~ ~ . 'Y City of Fort Worth, Texas ~1-~A~ar And aunc~l on~snun~cAt~an C C DATE 11/13/01 REFERENCE NUMBER G-13438 LOG NAME 02STEERING PAGE 2 of 2 SUBJECT ADOPTION OF SUPPLEMENTAL APPROPRIATION ORDINANCE AND AUTHORIZATION FOR PAYMENT TO THE STANDING STEERING COMMITTEE OF TEXAS UTILITIES ELECTRIC SERVICE AREA CITIES TO FUND PARTICIPATION IN DOCKETS AND RATE CASES BEFORE THE PUBLIC UTILITY COMMISSION OF TEXAS FISCAL INFORMATION/CERTIFICATION The Finance Director certifies that upon approval of the attached appropriation ordinance, funds will be available in the current operating budget, as appropriated, of the General Fund CB n Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (to) GG01 539120 0905500 $54,250 00 C Charles Boswell 6183 ~RQVG~ Originating Department Head: ~1TY COUNCIL. Charles Boswell 6] 83 (from) NOV 1 ~ 2001 GG01 539120 0905500 $54,250.00 Additional Information Contact: ` ~~~ Clt~ &rctsp-r~ oI the Danny Reed 6145 (;qy of p~ pfd, ~~.