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HomeMy WebLinkAboutOrdinance 12781ORDINANCE NO ~~~ AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND APPROPRIATIONS IN THE CULTURE AND TOURISM FUND IN THE AMOUNT OF $650,000 FROM AVAILABLE FUNDS FOR THE PURPOSE OF FUNDING 1996-97 DESIGNATED EXPENDTTURES FOR CULTURE AND TOURISM , PROVIDING FOR A SEVERABILITY CLAUSE, MAKING THIS ORDINANCE CUMULATIVE OF PRIOR ORDINANCES AND REPEALING ALL PRIOR ORDINANCES 1N 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 estimated receipts and appropriations in the Culture and Tourism Fund in the amount of $650,000 from available funds for the purpose of funding 1996-97 Designated Expenditures for Culture and Tourism. 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. 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in which instance said conflicting provisions of said prior ordinances and appropriations are hereby expressly repealed.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 from and after the date of its passage, and it is so ordained. APPROVED AS TO FORM AND LEGALITY c .S Assist City Attorney ~~~~ /~~ Date /~ ~~ _F Adopted Effective City of Fort Worth Texas Mayor and Council Communication DATE REFERENCE NUMBER LOG NAME PAGE 11 /26/96 G-11687 13SUPP97 1 of 2 SUBJECT SUPPLEMENTAL APPROPRIATION ORDINANCE FOR 1996-97 FOR DESIGNATED EXPENDITURES IN THE CULTURE AND TOURISM FUND RECOMMENDATION. It is recommended that the City Council Adopt the attached supplemental appropriations ordinance increasing estimated receipts and appropriations in the Culture and Tourism Fund by 5650,000 from available funds, and 2 Authorize the City Manager to increase receipts to the agencies receiving hotel occupancy taxes as follows Convention and Visitor's Bureau 5585,000, Arts Council 56,525, Museum of Science and History 528,255, Modern Art Museum 523,596 and Sister Cities 56,624 DISCUSSION. In FY 1995-96 the City collected 5818,690 in excess of the amount budgeted for the Culture and Tourism Fund for hotel occupancy taxes The Adopted Budget for FY 1996-97 of 53,850,000 is 5650,000 less than the amount collected in FY 1995-96 Based on the current economic climate it is anticipated that amount of hotel occupancy taxes collected in FY 1996-97 will be equal to or greater than the amount collected in FY 1995-96 Based on the City's current contract with the Convention and Visitor's Bureau {CVB) 90% of the increase goes to the CVB Staff is recommended that the remaining funds from the expected increase in revenues from hotel occupancy taxes be distributed among the agencies currently receiving such funds Additionally, that these funds be distributed in accordance to the pro rata basis previously established as opposed to being put into the Culture and Tourism Fund Balance Upon approval of the above recommendations the FY 1996-97 revised budget for the agencies receiving hotel occupancy taxes would be as follows FY 1996-97 FY 1996-97 A.gencv Adopted Budget Revised Budget Convention and Visitors Bureau 52,938,330 53,523,330 Arts Council 5 91,476 5 98,001 Museum of Science and History 5 396,406 5 424,661 Modern Art Museum 5 330,854 S 354,450 Sister Cities - 5 92,934 S 99,558 Total 53,850,000 54,500,000 Printed on Recyded Paper City of Fort Worth, Texas Mayor and Council Communication DATE 11 /26/96 REFERENCE NUMBER G-11687 LOG NAME 13SUPP97 PAGE 2 of 2 SUBJECT SUPPLEMENTAL APPROPRIATION ORDINANCE FOR 1996-97 FOR DESIGNATED EXPENDITURES IN THE CULTURE AND TOURISM FUND FISCAL INFORMATION/CERTIFICATION The Director of Fiscal Services certifies that the funds required for this expenditure are available in the current operating budget, as appropriated, of the Culture and Tourism Fund CB f Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY Office by: (~) 1)GG04 412012 0241000 $650,000 1)GG04 539120 0241000 $585,000 ~~Q~'~j~~ ' `` Charles Boswell 8511 1)GG04 539120 0242000 $6,525 ~~ ~~'~/ ~~~~,~~~~// ~ Originating Department Head: 1)GG04 539120 0243010 $28,255 t ~ ~, 1)GG04 539120 0243020 $23,596 NOV 26 1~Q~ 1)GG04 539120 0247000 $6,624 Bridgette Garrett 8518 (from) /~ • . ~ 2)GG04 539120 0241000 $585,000 ~~~ of the For Additional Information 2)GG04 539120 0242000 $ 6,525 ~of 1'oatlVorttt,?exas Contact: 2)GG04 539120 0243010 $ 28,255 2)GG04 539120 0243020 $ 23,596 Debra Crompton 8514 2)GG04 539120 0247000 $ 6,624 Printed on Regded Paper Adopted Ordinance No. _'