HomeMy WebLinkAboutOrdinance 14087Ordinance No.~~~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE
INSURANCE FUND IN THE AMOUNT OF $130,885 17 FROM AVAILABLE FUNDS DUE TO THE
SUBROGATION AND RECOVERY FROM COMMERCIAL INSURANCE COVERAGE, PROVIDING
FORA 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 Insurance Fund in the amount of
$130,885 17 from available fund due to the subrogation and recovery from commercial insurance coverage.
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 unpair 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. 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repealed.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
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City of Fort Worth, Texas
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DATE REFERENCE NUMBER LOG NAME PAGE
2/15/00 **G-12810 151NSURANCE 1 of 1
SUBJECT SUPPLEMENTAL APPROPRIATION ORDINANCE FOR THE INSURANCE FUND AND
TRANSFER OF AMOUNTS TO FUNDS FOR THE INSURED PROPERTY AND
LIABILITY LOSSES
RECOMMENDATION
It is recommended that the City Council
1 Adopt the attached supplemental appropriation ordinance increasing estimated receipts and
appropriations in the Insurance Fund by $130,885 17 from available funds due to subrogation and
recovery from commercial insurance coverage, and
2 Authorize the transfer of $202,156 17 from the Insurance Fund to various funds as listed on the
attached Table A.
DISCUSSION
Undistributed subrogation revenue collected by the Risk Management Department currently totals
$72,49017 Additional recovery has been received from the City's commercial insurers totaling
$58,395 00 Pursuant to policy, these collected funds are being transferred from the Insurance Fund,
where they were originally recorded, to the various funds sustaining the losses Additionally, the
various operating funds are entitled to the transfer of funds from the City's self-insurance program for
losses covered by that program These transfers total $71,271 00
FISCAL INFORMATION/CERTIFICATION
The Finance Director certifies that upon adoption of the attached supplemental appropriation ordinance,
funds will be available in the current operating budget, as appropriated, of the Insurance Fund to effect
these transfers.
CBj
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
1)FE71 481142 0157100 $ 72,49017
Charles Boswell 8511 1) FE71 481082 0157100 $ 58,395 00 '
Originating Department Head: 2) PI61 472071 0212000 $ 6,661.00 ~"r~ ~~V~~
2) R101 472071 052098012000 $ 3,247.00 CITY COUNCtI
2) PE39 472071 0804005 $ 5,963.00
2) PE45 472071 0601000 $ 47,068.61 X1:8 15 2000
2) GG01 472071 0150000 $139,216.56
Susan Bulla 8513 (from) ~ J
2) FE71 538070 0157100 $202,156 17 S~e~ ~ ~~
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on Contact: Cu9 of )Pod Wodk Tea
Susan Bulla 8513
Att~oted Ordinance No, ~`~