HomeMy WebLinkAboutOrdinance 11637~;.:
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ORDINANCE NO /_1' ~~1
AN ORDINANCE APPROPRIATING $1,4'34,193 00 TO THE
AVIATION FUND AND DECREASING THE UNRESERVED,
UNDESIGNATED RETAINED EARNINGS BY THE SAME AMOUNT
FOR THE PURPOSE OF CONTRIBUTING TO THE CAPITAL PROJECT
RESERVE 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
1993-94 and in the Budget of the City Manager, there shall also be increased appropriations in the
Aviation Fund in the amount of $1,434,193.00; thereby decreasing the unreserved, undesignated
Retained Earnings by the same amount, for the purpose of contributing to the Capital Project Reserve
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 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. 11379 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provisions of said prior ordinances and appropriations are hereby expressly repealed.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
ity 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
DATE REFERENCE NUMBER LOG NAME PAGE
08/09/94 G10759 13AVIAT 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
S 1,434,193 00 in the Aviation Fund and decreasing. the unreserved retained earnings of
the Aviation Fund by the same amount, and
2 Appr-ove the transfer of same S 1,434,193 00 from the Aviation Fund to Capital Projects
Reserve Furid
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 6, the sale proceeds for 1994 were deposited into the Aviation Operating Fund in the
amount of S 1,434,193 00 To make this amount available for use in the Capital. Project Reserve
Fund, a supplemental appropriation ordlnance 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 of the Capital Projects Reserve Fund, unspecified, will be
$0,480,676 37 after this transfer
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Submitted for City Manager's FUND ~ ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
(1) PE40 538070 0554000 $1 434 193 00 APPROVED
Charles Boswell 8500 (2) GC10 472040 013010001000 $1 434 193 00
Originating Department Head: CO TY COl~NC 6L
Edwin Cook 8325 (from) Au~ 9 1994
(2) PE40 538070 0554000 $1 434 193 00 ~, ~ ~ ~
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For Additional Information Ctty &ecrstary of thQ
Contact: City of Fort 11Varth, Texas
Judv Harrell 8334
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