HomeMy WebLinkAboutOrdinance 12048
,L Ordinance No.
AN ORDINANCE APPROPRIATING $1,434,193 00 TO THE AVIATION FUND, AND DECREASING
THE UNRESERVED, UNDESIGNATED AVIATION FUND BALANCE BY THE SAME AMOUNT FOR
THE PURPOSE OF REPAYMENT TO THE GENERAL FUND, 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 the Fiscal Year 1994-95 and in the
Budget of the City Manager, there shall also be increased appropriations in the Aviation Fund, in the amount of
S 1,434,193 00, thereby decreasing the unrestricted, undesignated Fund Balance by the same amount, for the
purpose of repayment to the General Fund
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 11645 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repealed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
SAP/PROVED TO ORM AND LEGALITY
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Date ,
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Adopted
Effective
City of Fort Wordy Texas
Mayor and Council Communication
DATE
07/25/95 REFERENCE NUMBER
**G-11169 LOG NAME
13FUND PAGE
1 of 1
SUBJECT SUPPLEMENTAL APPROPRIATION TO AVIATION FUND AND TRANSFER TO CAPITAL
PROJECTS RESERVE
RECOMMENDATION
It is recommended that the City Council
1 Adopt the attached supplemental appropriations ordinance increasing appropriations by
51,434,193 00 in the Aviation Fund and decreasing the unreserved retained earnings of
the Aviation Fund by the same amount, and
2 Approve the transfer of same 51,434,193 00 from the Aviation Fund to Capital Projects
Reserve Fund
DISCUSSION
In June of 1980, the City of Fort Worth entered into an agreement to sell the Greater Southwest
International Airport (GSIA) On May 9, 1979, as the City was anticipating the sale of GSIA, the
City Council established four priorities for the sale proceeds (M&C G-4167) The third of these
priorities was to contribute to the Capital Projects Reserve Fund, earmarking these specifically
for repayments to the General Fund for prior year advances These monies would be recorded
into the Capital Projects Reserve Fund Unspecified project
On June 2, the sale proceeds for 1995 were deposited into the Aviation Operating Fund in the
amount of 51,434,193 00 To make this amount available for use in the Capital Project Reserve
Fund, a supplemental appropriation ordinance is necessary
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that upon adoption of the supplemental appropriations
ordinance, funds required for this transfer will be available in the current operating budget of the
Aviation Fund The cash balance in the Capital Projects Reserve Fund after transfer will be
55,277 008 00
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Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
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Office by: (to) ~,,
(1) PE40 538070 0554000 $1,434,193.00 ~~~~L~~f
Charles Boswell 8500 (2) GC10 472040 013010001000 $1,434,193.00 {t~rylj~i'`i"~{' y ~.P~
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Originating DeparGnent Head:
Jim Keyes 8517 (from)
(2) PE40 538070 0554000 $1,434,193.00 ° ,,,r,y~~
For Additional Information ~ k, "~ `,~:d(4
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Contact:
Judy Harrell 8334