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HomeMy WebLinkAboutOrdinance 19011-01-2010Ordinance No 19011-01 2010 AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE CONTRACT STREET MAINTENANCE FUND IN THE AMOUNT OF $15,871 883 00 FROM AVAILABLE FUNDS TO FUND A PORTION OF THE FISCAL YEAR 2009-2010 STREET MAINTENANCE PROGRAM, 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 Fiscal Year 2009-2010 and in the Budget of the City Manager there shall also be increased estimated receipts and appropriations in the Contract Street Maintenance Fund in the amount of $15 871 833 00 from available funds, to fund a portion of the Fiscal Year 2009-2010 Street Maintenance Program 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 18809 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed SECTION 4 This ordinance shall take effect upon adoption APPROVED BcS,YO FORM AND Assistant City ADOPTED AND EFFECTIVE. City of Fort Worth, Texas Mayor and Council Communication --_. .~,, ,~' mCOUNCIL ACTION: Approved on 1/26/2010 -Ordinance No. 19011-01-2010 DATE Tuesday January 26 2010 LOG NAME 20TRANSFER OF FUNDS ST MAINT 09-10 REFERENCE NO G-16824 SUBJECT Authorize the Transfer of Funds in the Amount of $15 871 883 00 from the General Fund to the Contract Street Maintenance Fund for the Fiscal Year 2009-2010 Contract Street Maintenance Program and Adopt Appropriation Ordinance RECOMMENDATION It is recommended that the City Council to authorize the City Manager to 1 Transfer $15 871 883 00 from the General Fund to the Contract Street Maintenance Fund and 2. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the Contract Street Maintenance Fund in the amount $15 871 883 00 from the available funds to fund a portion of the Fiscal Year 2009-2010 Street Maintenance Program DISCUSSION Each year funds for major maintenance contracts are consolidated from the General Fund and other funding sources to the Contract Street Maintenance Fund to keep track of annual expenditures As contracts are developed and bids received City staff will be coming to the City Council to award contracts for major maintenance for streets using the Contract Street Maintenance Fund During the budget retreats the Law Department advised that the DFW Car Rental Tax Revenue should be restricted to infrastructure improvements It was then determined that this funding could be used for street maintenance The City Council directed that these funds be used for the Contract Street Maintenance Program for Fiscal Year 2009-2010 Therefore a $1 835 000 00 transfer from the Culture and Tourism Fund to the General Fund was appropriated in the Adopted Budget to offset a portion of these costs FISCAL INFORMATION /CERTIFICATION The Financial Management Services Director certifies that upon completion of the above recommendations and adoption of the attached appropriation ordinance funds will be available in the current capital budget, as appropriated of the Contract Street Maintenance Fund FUND CENTERS TO Fund/Account/Centers FROM Fund/Account/Centers Logname 20TRANSFER OF FUNDS ST MAINT 09-10 Page 1 of 2 2) C293 541200 201629990100 $15,871,883.00 ~ GG01 538070 0202002 $15,871,883.00 2) C293 472001 201629990100 $15,871,883.00 CERTIFICATIONS Submitted for City Manager's Office by. Fernando Costa (8476) Originating Department Head. William Verkest (8255) Additional Information Contact: George Behmanesh (7914) Logname• 20TRANSFER OF FUNDS ST MAINT 09-10 Page 2 of 2