HomeMy WebLinkAboutOrdinance 11599~'
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ORDINANCE NO ~/
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS BY
$50,679.00 AND INCREASING APPROPRIATIONS BY $189,107.25 IN
THE PROPERTY AND CASUALTY INSURANCE FUND RESULTING
FROM SUBROGATIONS OF INSURANCE CLAIMS AND
RECOVERY FROM COMMERCIAL INSURANCE COVERAGE FOR
INSURED LOSSES, 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 estimated receipts in the
amount of $50,679.00 and increased appropriations in the amount of $189,107.25 in the Property and
Casualty Insurance Fund resulting from subrogations of insurance claims and recovery from commercial
insurance coverage for insured losses for the period from July 1,1993 to Apri11,1994.
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provisions of said prior ordinances and appropriations are hereby expressly repealed.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
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Adopted
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Effective
City of Fort i~orth, Texas
Mayor and Council Communication
NUMBER
PAGE
06/21 /94 G1O699 15LOSSES 1 of 2
SUBJECT SUPPLEMENTAL APPROPRIAT-ION FOR THE INSURANCE FUND AND TRANSFER
AMOUNTS TO FUNDS FOR INSURED PROPERTY AND LIABILITY LOSSES
RECOMMENDATION
It is recommended that the City Council
1 Adopt the attached supplemental appropriations ordinance increasing estimated receipts
by 550,679 00 from increased revenue and increasing appropriations by 5189,107 25 in
the Property and Casualty Insurance Fund resulting from subrogations of insurance claims
(5138,428 25) from July 1, 1993 to April 1, 1994, and recovery from commercial
insurance coverage (550,679 00) for insured losses for the period from September 1, 1993
to June 1, 1994, and
2 Authorize the City Manager to transfer funds from the Property and Casualty Insurance
Fund to the following funds
Subrogation Loss Recovery Self Insured
Revenue from Commercial Loss Amounts TOTAL
General Fund 583,512 14 524,909 00 55,727 00 5114,148 14
Equipment 126 25 126 25
Services Fund
Golf and Tennis 3,994 00 .3,994 00
Fund
Municipal Parking 327 00 327 00
Fund
Water & Sewer 283 86 25,770 00 100,000 00 126,053 86
Fund
Airport Fund 54,506.00 3,034.00 57,540.00
TOTAL 5138,428.25 550,679.00 51 13,082.00 5302,189.25
DISCUSSION
Subrogation revenue has been collected by the Risk Management Department for damages the
City incurred for which other parties were responsible The attached Table A lists the
departments and respective funds whose losses were recovered Recovery was received from
the City's commercial insurers in the amount of 550,679 00 for losses as detailed in Table B
The City's self insurance program provides recovery of 5113,082 00, also detailed in Table B
i~~~ Printed on recycled paper
City of Fort Worth, Texas
Mayor and Council Communication
DATE
06/21 /94 REFERENCE NUMBER
G10699 LOG NAME
15LOSSES PAGE
2 of 2
SUBJECT SUPPLEMENTAL APPROPRIATION FOR THE INSURANCE FUND AND TRANSFER
AMOUNTS TO FUNDS FOR INSURED PROPERTY AND LIABILITY LOSSES
FISCAL INFORMATION/CERTIFICATION
The Director of Fiscal Services certifies that upon adoption of the attached Supplemental
Appropriations Ordinance, funds will be available in the current operating budget of the Insurance
Fund for the recommended transfers
CBI
Submitted for City Manager's FIIND ACCOUNT CEN'T'ER AMOUNT CITY SECRETARY
Office by: (to)
FE71 481082 0157100 $50,679 00
Charles Boswell 8500 FE71 534260 0157140 $49,649 00
Originating Department Head: FE71 534220 0157140 $1,030 00
GGO1 481100 0150000 $114 148 14 ° n
FE71 538070 0157100 $138,428.25
PE59 481100 0208500 $327 00
PI61 481100 0301000 $126.25 P
PE39 481100 0801000 $3,994 00
PE45 481100 0601000 $126,053.86 APPROVED
PE40 481100 0551000 $57,540.00 C~ 1 ~ C`V V I ~~~~
Susan Bulla 8513 (from)
FE71 538070 0157100 $138 428.25 JUN 21 T9g~
For Additional Information FE71 534260 0157140 $106,868 00
FE71 534210 0157140 $3,034.00 ~~/ ~~
FE71 534220 0157140 $2,500.00 C ty Of~~ pp
FE71 534220 0157130 $1,030 00
Contact: FE71 534230 0157140 $680 00
Susan Bulla 8513 FE71 534260 0157130 $49,649 00
-~1 Printed on recycled paper