HomeMy WebLinkAboutOrdinance 14440Ordinance No. ~ ~ % Y~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
WATER CAPITAL PROJECT FUND IN THE AMOUNT OF $2,050,527 AND IN THE SEWER
CAPITAL PROJECT FUND IN THE AMOUNT OF $1,821,314 FROM AVAILABLE FUNDS FOR THE
PURPOSE OF FUNDING THE PRINCIPAL AND INTEREST PAYMENTS ON DEBT ASSOCIATED
WITH PROJECTS FUNDED WITH IMPACT FEES, MAKING THIS ORDINANCE CUMULATNE 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 $2,050,527 and in the Sewer Capital Project Fund in the amount of $1,821,314 from available funds for the purpose
of funding principal and interest payments on debt associated with projects funded with impact fees.
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 remaining provisions shall be and remain in full force and effect.
SECTION 3
That this ordinance shall be cumulative of Ordinance No. 14286 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 pnor ordinances and appropriations are hereby expressly
repealed.
SECTION 4
This ordinance shall take effect and be in full force after the date of its passage, and it is so ordained.
APPROVED AS TO FORM AND LEGALITY
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ssistant City ttorney
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Date
i~ i 9'-a o
Adopted
/z -~ o 00
Effective
City of Fort Worth, Texas
~1-~A~ar And Caunc~il Commun~cAt~ian
DATE REFERENCE NUMBER LOG NAME PAGE
12/19/00 **G-13108 601MPACT 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, 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 using impact fee revenues could lower
the amount of surplus reserve funds needed to have sufficient revenues to cover FY2001 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.
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City of Fort Worth, Texas
M,,A~ae And Council CommunieArion
DATE
12/19/00 REFERENCE NUMBER
**G-13108 LOG NAME
601MPACT PAGE
2 of 2
SUBJECT APPROPRIATION ORDINANCE AND TRANSFER OF IMPACT
OPERATLNG BUDGET FEE REVENUES TO
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon adoption of the attached appropriation ordinance, funds will be
available for transfer in the current capital budgets of the Water Capital Project Fund and the Sewer
Capital Project Fund to the Water and Sewer Operating Fund
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Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
1) PS58 488343 070580200040 $ 582,820.00
Mike Groomer 6140 1) PS58 538040 070580200040 $ 582,820 00
Originating Department Head: 1) PS58 488353 070580200050 $1,238,494.00
1) PS58 538040 070580200050 $1,238,494.00 q@pROVED
1) PW53 488013 060530200040 $ 635,663.00 CITY COE~NC~L
1) PW53 538040 060530200040 $ 635,663.00
1) PW53 488023 060530200050 $1,414,864.00 DEC 19 2000
1) PW53 538040 060530200050 $1,414,864.00
2) PE45 488023 0601000 $2,050,527.00 ~
~~
2) PE45 488353 0701000 $1,821,314.00 `
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Dale Fisseler 8207 (from) City Seaxet~xy of Uho
City of Fort~i+arth,'~c~xas
2) PS58 538040 070580200040 $ 582,820.00
Additional Information Contact: 2) PS58 538040 070580200050 $1,238,494.00
2) PW53 538040 060530200040 $ 635,663.00
Dale Fisseler 8207 2)PW53 538040 060530200050 $1,414,864.00
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