HomeMy WebLinkAboutOrdinance 11482.~
ORDINANCE NO ~~~; .~~
AN ORDINANCE APPROPRIATING $29,000.00 TO THE GENERAL
FUND AND DECREASING THE UNRESERVED, UNDESIGNATED
FUND BALANCE BY THE SAME AMOUNT FOR THE PURPOSE OF
FUNDING THE PAYMENT TO FORT WORTH CONVENTION AND
VISITORS BUREAU, 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 General
Fund in the amount of $29,0000.00; thereby decreasing the unreserved, undesignated fund balance by the
same amount, for the purpose of funding the payment to Fort Worth Convention and Visitors Bureau.
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provisions of said prior ordinances and appropriations are hereby expressly repealed.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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City of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
01 /04/94 G10497 13VISITO 1 of 2
SUBJECT SUPPLEMENTAL APPROPRIATIONS ORDINANCES AND TRANSFER OF FUNDS FOR
PAYMENT TO FORT WORTH CONVENTION AND VISITORS BUREAU
RECOMMENDATION.
It is recommended that the City Council
F--~t~l; a~d~..
3 Adopt the attached supplemental appropriations ordinance increasing appropriations in the
Culture and Tourism Fund by 543,802 00 and decreasing the unreserved, undesignated
fund balance by the same amount, and
4 Authorize a payment of 572,802 00` to the Fort Worth Convention and Visitors Bureau
DISCUSSION
Based on the City's contract with the Fort Worth Convention and Visitors Bureau (CVB), the City
owes CVB 5225,753 00 due to over collection of hotel occupancy taxes in FY 1992-93
However, based on the same contract, the City overpaid the CVB a total of 5101,595 00 in the
three prior fiscal years Consequently, in November 1993, staff made a payment of
5124,158 00 to the CVB
At the Pre-Council Meeting on December 7, 1993, members of the City Council suggested that
the City pay the CVB an additional 543,802 00, representing the balance of the Culture and
Tourism Fund, as well as 529,000 00 in revenue from delinquent hotel occupancy taxes which
had been deposited in the General Fund This M&C appropriates the delinquent collections in
the General Fund, transfers the funds to the Culture and Tourism Fund, appropriates the entire
fund balance of the Culture and Tourism Fund, and authorizes a payment of $72,802 00 to the
CVB
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1 Adopt the attached supplemental appropriations ordinance increasing appropriations in the
General Fund by 529,000 00 and decreasing the unreserved, undesignated fund balance
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City of Fort Worth, Texas
Mayor and Council Communication
DATE REFERENCE NUMBER LOG NAME PAGE
01 /04/94 G10497 13VIS1T0 2 of 2
SUBJECT SUPPLEMENTAL APPROPRIATIONS ORDINANCES AND TRANSFER OF FUNDS FOR
PAYMENT TO FORT WORTH CONVENTION AND VISITORS BUREAU
FISCAL INFORMATION/CERTIFICATION.
The Director of Fiscal Services certifies that upon adoption of the attached supplemental
appropriations ordinances and approval of the funds transfer, funds required for this expenditure
will be available in the current operating budget of the Culture and Tourism Fund After adoption
of these supplemental appropriations ordinances, the estimated unreserved, undesignated fund
balance of the General Fund will be 525,988,932.00 and the unreserved, undesignated fund
balance of the Culture and Tourism Fund will be 50
CBI
Submitted for City Manager's F[7ND ACCOUNT CENTER AMOUNT CITY SECRETARY
Office by: (to)
GGO1 538070 0909103 ~ $29,000.00 PPROV
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Charles Boswell 8500
GG04
539120
0241000
$29,000 00 ~/
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Originating Department Head: GG04 539120 0241000 $43,802.00 9
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Charles Boswell 8500 (from) '~'~ }-d~w,~`~~~.-.,-.
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GGOI 538070 0909103 $29,000.00 , ~v ~~'r,., "~
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For Additional Information GG04 539120 0241000 $72,802.00 City So~relary of the
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opted Ordnance (~o,%
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Rdopted Ordinance No, //
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