HomeMy WebLinkAboutOrdinance 14122Ordinance No ~~ '
AN ORDINANCE INCREASING THE ESTIMATED RECEII'TS AND APPROPRIATIONS IN THE
WATER CAPITAL PROJECTS FUND IN THE AMOUNT OF $2,050,527 AND IN THE ;iEWER
CAPITAL PROJECT FUND IN THE AMOUNT OF $1,821,314 FROM IMPACT FEES FOR THE
PURPOSE FUNDING FY2000 BUDGETED EXPENDITURES, 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 1999-00 and in the Budget of
the City Manager, there shall also be increased estimated receipts and appropriations in the Water Capital Projects Fund in the
amount of $2,050,527 and in the Sewer Capital Project Fund in the amount of 1,821,314 from the impact fees for the purpose
funding FY2000 budgeted expenditures.
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 porrions, 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. 13886 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repealed.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 and be in full force and effect and after the date of its passage, and it is so ordained.
APPROVED AS TO FORM AND LEGALITY
Assistant City Attorney
~~~~ ~
Date
E.3 -- $ ~-~~D
Adopted
Effective r
City of Fort Worth, Texas
M,,Ayo~ and Council Contmunicnrion
DATE REFERENCE NUMBER LOG NAME PAGE
3/7/00 **G-12839 60TRANSFER 1 of 2
SUBJECT 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 $2,050,527 and $1,821,314 in the Sewer Capital
Project Fund from impact fees, and
2. Authorize the transfer of $2,050,527 from the Water Capital Project Fund and $1,821,314 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 FY2000
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
$3,871,841 ($2,050,527 from Water Impact Fee revenues and $1,821,314 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
^~ s
City of Fort Worth, Texas
~1-~Aya~ And C,aunc~il aininun~cAt~ian
~.
DATE
3/7/00 REFERENCE NUMBER
**G-12839 LOG NAME
60TRANSFER PAGE
2 of 2
SUBJECT 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
MG k
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
1) PS58 488343 070580200040 $ 582,820
Mike Groomer 6140 1) PS58 538040 070580200040 $ 582,820
Originating Department Head: 1) PS58 488353 070580200050 $1,238,494
1) PS58 538040 070580200050 $1,238,494 ~0~~~
1) PW53 488013 060530200040 $ 635,663 CI TY COU r~C It
1) PW53 538040 060530200040 $ 635,663
1) PW53 488023 060530200050 $1,414,864 MAR 7 200Q
1) PW53 538040 060530200050 ~ $1,414,864
2) PF.45 488023 0601000 $2,050,527 ~~
2) PF.45
488353
0701000
$1,821,314 ~~
4
Dale Fisseler 8207 (from) City S,~cr®4ry of the
City of F ort F1I'erth
7`exaa
,
Additional Information Contact:
Dale Fisseler 8207
Adopt~tl Ordmanc~ No.~