HomeMy WebLinkAboutOrdinance 18749-08-2009Ordinance No. 18749-08-2009
AN ORDINANCE INCREASING ESTIMATED RECEIPTS AND APPROPRIATIONS IN
THE SOLID WASTE FUND IN THE AMOUNT OF $1,006,514.93, AND DECREASING
THE UNRESERVED. UNDESIGNATED FUND BALANCE BY THE SAME AMOUNT, FOR
THE PURPOSE OF TRANSFERRING SAID FUNDS TO THE TPW GAS WELL
REVENUES FUND; PROVIDING FORA SEVERABILITY CLAUSE; MAKING THIS
ORDINANCE CUMULATIVE OF PRIOR ORDINANCES; REPEALING ALL 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 Fiscal Year 2008-2009, there
shall also be increased appropriations in the Solid Waste Fund in the amount of $1,006,514.93, and
decreasing the unreserved, undesignated fund balance by the same amount, for the purpose of transferring
said funds to the TPW Gas Well Revenues fund.
SECTION 2.
That 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, ar 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. 18283 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ordinances and appropriations are hereby expressly repealed.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 upon adoption.
APPROVED AS TO FORM AND LEGALITY:
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City of Fort 11f~+orth, Texas
Mayor and Council Communication
COUNCIL ACTION: Approved on 8/11/2009 -Ord. No. 18749-08-2009 ~ 18750-08-2009
DATE: Tuesday, August 11, 2009 REFERENCE NO.: G-16652
LOG NAME: 06GAS REV TRANSFERS 0062040
SUBJECT:
dopt Appropriation Ordinances Increasing Appropriations in the Solid Waste Fund, Solid Waste Capital
Projects Fund and Transfer Funds in the Amount of $4,812,689.36 to the TPW Gas Well Revenue Fund
RECOMMENDATION:
It is recommended that the City Council:
1. Adopt the attached supplemental appropriation ordinance increasing appropriations in the Solid Waste
Fund by $1,006,514.93 and decreasing unreserved, undesignated fund balance by the same amount;
2. Authorize the transfer of $1,006,514.93 from the Solid Waste Fund to the TPW Gas Well Revenue
Fund;
3. Adopt the attached appropriation ordinance increasing estimated receipts and appropriations in the
Solid Waste Capital Projects Fund by $4,812,689.36 from available funds; and
4. Authorize the transfer of $4,812,689.36 from the Solid Waste Projects Fund to the TPW Gas Well
Revenue Fund.
DISCUSSION:
On October 7, 2008, {M&C G-16309} the City Council adopted the Financial Management Policy
Statements for Fiscal Year 2008-2009. Included in that policy were a number of revisions to the policy
regarding revenue from mineral leases. The key issues were:
. Exclude the debt service portion from the funds to be transferred annually from the ad valorem
revenues from mineral valuations to the General Fund;
. Establish a mechanism to transfer funds fro;, the gas lease proceeds to the General Fund annually
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recommends that the funds be appropriated and transferred to the TPW Gas Well Revenue Fund which
was established on April 22, 2408, {M&C G-16117} t0 fulfill this carnmitment.
Separate appropriation ordinances wi## be presented for City Council consideration to allow appropriation
and expenditure of these funds an specific street projects.
FISCAL INFC}RMATIUN 1 CERTIFICATION:
The Financial Management Services Director certifies that upon approva# of the above recommendation
and adoption of the appropriation ordinances, funds will be available in the current budget, as
appropriated, of the TPW Gas Well Revenue Fund. Upon approval the unreserved, undesignated cash
ba#ance in the So#id Waste Fund will exceed the minimum reserve as outlined in the Financial
Management Statement.
FUND CENTERS:
TO Fund/Accaunt/Centers
1 }} PE64 538470 0525001,
2}} C223 472464 201929990240
3)) P195 446XXX 052195005140
3))P195 538070 052195005140
4))C223 472195 201929990200
CERTIFICATIONS:
Fernando Costa 6122
Submitted for City Manager's _Office by_ { }
Susan Alanis 8184
Originating Department Head:_ { }
Additional Information Contact,; Rick Trice {7959}
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