HomeMy WebLinkAboutOrdinance 11462:.,
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ORDINANCE NO ~_~'~
AN ORDINANCE INCREASING THE ESTIMATED RECEIPTS AND
APPROPRIATIONS IN THE SPECIAL TRUST FUND IN THE
AMOUNT OF $7,950.00 FOR THE PURPOSE OF PURCHASING
LIBRARY MATERIAL, 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 and
appropriations in the Special Trust Fund in the amount of $7,950.00 for the purpose of purchasing
library material under the guidelines of the Addie Levy Trust Account.
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provisions of said prior ordinances and appropriations are hereby expressly repealed.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
City Attorney
Date
Adopted
Effective
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City of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
1 1 /30/93 G10441 ~ 84ADDIE 1 of 1
SUBJECT SUPPLEMENTAL APPROPRIATION OF FUNDS FROM ADDIE LEVY TRUST ACCOUNT
RECOMMENDATION.
It is recommended that the City Council authorize the City Manager to
1 Adopt the attached Appropriations Ordinance increasing appropriations and estimated
receipts in the Special Trust Fund Addie Levy Trust, in the amount of 57,950 00 from
increased revenues, and
2 Approve the expenditure of 57,950 00 for the purchase of Library materials -under the
guidelines of the Addie Levy Trust
DISCUSSION
On June 15, 1956, the Fort Worth Public Library was named as one of six (6) institutions
entitled to receive, either directly or intrust, one-sixth (1 /6) of one-half (1 /2) of the net residuary
of Dan A Levy's estate The share was placed in trust with then MBANK of Fort Worth and is
now serviced by AMERITRUST Each year interest earned from the trust is deposited in a
Special Trust Fund with thE: City The provision of Mr Levy's will require that interest earned
from the Trust be used for the purchase of books and periodicals in memory of his mother, Addie
Levy All earnings will be used as prescribed by the will
In past years, lesser amounts than earned have been transferred to the General Fund, allowing
the Addie Levy Special Truest to grow and earn additional interest Therefore, the full amount
received in 1992 is available to be realized as revenues and transferred for expenditures
FISCAL INFORMATION/CERTIFICATION.
The Director of Fiscal Services certifies that upon adoption of the attached Appropriations
Ordinance, funds required f'or this expenditure will be available in the Special Trust Fund
RG I
Submitted for City Manager's FUND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: j to) D
Dn` /C
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(1) FE72 441532 013504000000 $7,950 00
Ramon Guajardo 6109 (1) FE72 538070 013504000000 $7,950 00 CITY C 0 U N C I L
Originating Department Head:
NOV ~0 1993
Linda Allmand 7706 (from)
Cam/ C
(2) FE72 538070 013504000000 $7,950.00
For Additional'Information City S~tary of tits
City Of FozB VflOith,'FexHO
contact: ODt~d Ordinance ~IQ~
Linda Allmand 7706
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