HomeMy WebLinkAboutOrdinance 12601ORDINANCE NO
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE GENERAL FUND IN THE AMOUNT OF $ 47,065
AND DECREASING THE UNRESERVED, DESIGNATED FUND BALANCE IN
THE AMOUNT OF $47,065 FOR THE PURPOSE OF FUNDING THE CITY'S
PARTICIPATION IN THE STANDING STEERING COMMITTEE OF TU
ELECTRIC SERVICE AREA CITIES, 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 1995/96 and in the
Budget of the City Manager, there shall also be increased estimated receipts and appropriations in the General
Fund in the amount of $47,065 and decreasing the unreserved, designated fund balance in the amount of $47,065
for the purpose of funding the City's participation in the Standing Steering Committee of TU Electric Service Area
Cities.
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. 12074 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and appropriations are hereby expressly repealed.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.
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This ordinance shall take effect and be in full force and effect from and after the date of its passage, and it is so
ordained.
APPROVED AS TO FO D LEGALITY
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City of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
07/30/96 G-11549 12STEER 1 of 2
svsJECT ADOPTION OF SUPPLEMENTAL APPROPRIATION ORDINANCE A'ND PARTICIPATION
IN THE STANDING STEERING COMMITTEE 'OF TU ELECTRIC SERVICE AREA CITIES
RECOMMENDATION
It is recommended that the City Council
1 Adopt the attached resolution which authorizes the City Manager to execute the standing
Steering Committee Participation, Agreement (Attachment II), and
2 Designate the City Manager, or his designee, as the City's representative to receive notices
and participate in and vote at Steering Committee meetings, and
3 Adopt the attached supplemental appropriations ordinance increasing appropriations in the
General Fund by 547,065 and decreasing the unreserved, designated fund balance by the
same amount, and
4 Authorize the City Manager to pay the Steering Committee the sum of $47,065 as Fort
Worth's initial participating fee
DISCUSSION
In 1989 the Steering Committee of TU Electric Services Area Cities was formed in response to
the first of two rate increases requested by TU Electric Co in connection with the Comanche
Peak Nuclear Power Plant (PUC Docket 9300) Under PUC rules the cities' prudent rate case
expenses were subject to reimbursement by TU Electric, however, to pay initial expense and
expenses which might have been disallowed by the Commission, each participating city
contributed 10C per capita The cities' expenses exceeded 53 5 million of which the PUC
disallowed less than 5500 00
When TU Electric filed its second rate case related to Comanche Peak in 1993 (PUC Docket
1 1735) Fort Worth again joined with the other cities Fort Worth's contribution for Docket
11735 was 545,000 00 which remained from Docket 9300 plus accrued interest
In July 1993 several cities, including Fort Worth, negotiated new franchise agreements with TU
Electric In Fort Worth's case, TU Electric made an advance payment of 53 6 million and
increased annual payments approximately 54 million In exchange, the City's rate case expenses
up to 54 million over the next fifteen years will not be eligible for reimbursement In conjunction
with the new franchise the City Council established a reserve account to pay the City's expenses
in TU Electric rate cases Currently the Designated Fund Balance set up for this purpose is
575.0,000 00 This expenditure does not affect the General Fund Undesgnated, Unreserved
Fund Balance that is referenced for other supplemental appropriations
Printed on Recycled Paper
City of Fort Worth Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
07/30/96 G-11549 12STEER 2 of 2
SUBJECT ADOPTION OF SUPPLEMENTAL APPROPRIATION ORDINANCE AND PARTICIPATION
IN THE STANDING STEERING COMMITTEE OF TU ELECTRIC SERVICE AREA CITIES
For the past two years the appeal of the second rate case and subsequent rate related dockets
have been paid by the Steering Committee from the initial assessment, which is now exhausted
It is anticipated that future rates will be shaped largely through rulemaking and piecemeal rate
making dockets The timetables for participation in these dockets is usually very short The
Executive Committee of the TU Electric Service Area Cities Steering Committee has
recommended the formation of a Standing Steering Committee so that the organization and
funding are established up front This will enable the cities to respond in a timely manner to
future filings
Attached are a copy of a participation resolution and a copy of the agreement for the Standing
Steering Committee The agreement calls for an initial assessment of 10C per ,capita
(547,065 00 for Fort Worth) Future assessments will depend on the number and extent of the
rulemaking, rate case and related dockets in which the cities intervene These assessments are
legitimate uses for the funds in the Electricity Rate Case Reserve Account
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that upon approval of the attached appropriation
ordinance, funds will be available, as appropriated, in the current operating budget of the General
Fund
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Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
GGO1 539120 0905500 $47,065.00 Apppol/CD
Charles Boswell 8511 CITY CQUNCIL
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Charles Boswell 8511 (from) ~® 196
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For Additional Information J
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Contact: ort Wo th, ~exaQ
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Danny Reed 6798
Printed on Recyded Paper
Adopted Ordnance No. ~®f Adopted ~e~aiuf-on f~o~~~I