HomeMy WebLinkAboutOrdinance 13127c~
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Ordinance No. / ~ /
AN ORDINANCE APPROPRIATING $10,000,000 00 TO THE WATER AND SEWER OPERATING FUND, AND
DECREASING THE UNRESERVED, UNDESIGNATED RETAINED EARNINGS OF THE WATER AND SEWER
OPERATING FUND BALANCE BY THE SAME AMOUNT FOR THE PURPOSE OF FUNDING
SUPPLEMENTAL APPROPRIATION TO CASH FINANCE MISCELLANEOUS WATER AND SEWER
PROJECTS, 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 TT 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 1996-97 and in the Budget of the City
Manager, there shall also be increased appropriations in the Water and Sewer Operating Fund, in the amount of $10,000,000.00; thereby
decreasing the unrestricted, undesignated Retained Earnings Fund Balance by the same amount, for the purpose of funding supplemental
appropriation to cash finance miscellaneous water and sewer projects.
SECTION 2.
Should any portion, section or part of a section of this ordinance be declared invalid, inoperative or void for any reason by a court of
competent jurisdiction, such decision, opinion or judgement shall in no way impair the remaining portions, sections, or parts of sections of
this ordinance, which said remaining provisions shall be and remain in full force and effect.
SECTION 3
That this ordinance shall be cumulative of Ordinance No. 12629 and all other ordinances and appropriations amending the same except in
those instances where the provisions of this ordinance are in direct conflict with such other ordinances and appropriations, in which
instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.
SECTION 4
This ordinance shall take effect and be in full force and effect and after the date of rts passage, and it is so ordained.
APPROVED AS TO FORM AND LEGALITY
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Assistant ' y Attorney
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Date
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Adopted
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Effective
City of Fort Worth, Texas
Mayor and Council Communication
08/19/97 **G-11971 60CASH 1 of 2
svss$cT SUPPLEMENTAL APPROPRIATION ORDINANCES TO CASH FINANCE
MISCELLANEOUS WATER AND SEWER PROJECTS
RECOMMENDATION
It is recommended that the City Council
1 Adopt the attached supplemental appropriation ordinance increasing the Water and
Sewer Operating Fund appropriations by 510,000,000 and decreasing the unreserved,
undesignated Retained Earnings of the Water and Sewer Operating Fund by the same
amount, and
2 Transfer 59,OOO,OOOfrom the Water and Sewer Operating Fund to the Water and Sewer
Capital Project Funds, and
3 Adopt the attached appropriation ordinance increasing estimated receipts and
appropriations by 55,000,000 in the Water Capital Project Fund and 54,000,000 in the
Sewer Capital Project Fund from available funds
DISCUSSION
The proposed transfer would allow the Water Department to cash finance additional Capital
Improvement projects as opposed to debt financing These funds will be used to finance
rehabilitation projects including facilities replacement in advance of the T/PW Capital
Improvements Program and those in relation to the Environmental Protection Agency
Administrative Order These projects will be competitively bid and presented to the City
Council before contracts are awarded
A portion of the supplemental appropriation is being retained in the operating budget. Raw
water charges are exceeding the amount budgeted as a result of the drought conditions
experienced last year The City is only now beginning to see relief in the settle-up calculations
through reduced payments for the remainder of the year Absorption of salary increases and
compensation adjustments which have occurred this year have strained budgets Overtime
related to numerous main breaks, and subsequent street repairs, during the winter months
have also caused some shortfall
Printed on Recyded Paper
City of Fort WortY~ Texas
Mayor and Council Communication
DATE R]3FERENCS NIIIHBER LOG NAME PAGE
08/19/97 **G-11971 60CASH 2 of 2
SUBJECT SUPPLEMENTAL APPROPRIATION ORDINANCES TO CASH FINANCE
MISCELLANEOUS WATER AND SEWER PROJECTS
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that upon adoption of the supplemental appropriation
ordinance, approval of the funds transfer, and adoption of the appropriation ordinance, funds
will be available in the current capital budgets, as appropriated, of the Water and Sewer
Capital Project Funds Upon completion of this recommendation, the unreserved,
undesignated Retained Earnings of the Water and Sewer Operating Fund will be
5284,902,666
MGf
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
PF.45 539120 06025004 $ 1,000,00.00
PE45 538070 0709020 $4,000,000.00 APPROVED
Mike Groomer 6140 PE45 538070 0609020 $5,000,000.00 CI TY COUNC IL
Originating Department Head: PS58 541200 070580139010 $4,000,000.00
PW53 541200 060530159010 $5,000,000.00 ~~s 19 '
Lee Bradley, Jr 8207 (from)
PE45
538070 ~ C
0709020 $4,000,000.00
For Additional Information PF,45 538070 0609020 $5,000,000.00 ~~ ~ of the
City of Fort Worth, Texas
Contact:
Lee Bradley, Jr 8207
Printed on Recyded Paper Adopted Ordinahcx No. ~~~ 7 Adopted Ordinance Noo f ~ ~~