The City of Fort Worth administers the City's Public Improvement Districts (PIDs), in accordance with Chapter 372 of the Texas Local Government Code. The City Policy and Guidelines provides for Staff to conduct a mid-year review of the annual budget of all PIDs and recommend adjustments as needed so the actual expenditures correspond with budgeted expenses. The City contracts with Camp Bowie District, Inc. (CBD) to manage the Camp Bowie PID. CBD has identified the need to increase the budgeted Median/ROW Mowing and Utilities line items due to an unseasonably warm winter which required additional mowing and electricity for irrigation. Additionally, CBD has requested to shift funds to the Landscape Maintenance line item due to excessive storm damage that resulted in additional costs beyond those budgeted. Finally, CBD is projecting a need for further funding in the Water line item to pay for an unexpected irrigation meter replacement and for a meter contract that was renewed at a higher cost than was previously budgeted. This increase in appropriations will be completely offset by projected end of year savings and a corresponding decrease in budget, in the Beautification line item. Line Items to be Adjusted | Previously Approved FY16 Budget Item | Recommended Mid-Year Adjustment | Amended FY16 Budget Item | | Water | $ 16,000.00 | $ 3,500.00 | $ 19,500.00 | | Utilities | $ 2,500.00 | $ 3,000.00 | $ 5,500.00 | | Median/ROW Mowing | $ 47,261.00 | $ 10,500.00 | $ 57,761.00 | | Landscape Maintenance | $ 77,000.00 | $ 3,000.00 | $ 80,000.00 | | Beautification | $130,000.00 | -$20,000.00 | $110,000.00 | | Total Budget Expenses | $432,598.00 | $ 0.00 | $432,598.00 |
Staff recommends an increase of $3,500.00 in the Water line item, an increase of $3,000.00 in the Utilities line item, an increase of $10,500.00 in the Median/ROW Mowing line item, a increase of $3,000.00 in the Landscape Maintenance line item and a decrease of $20,000.00 in the Beautification line item for a total net increase of $0.00. All other previously approved line items not mentioned above will remain the same. Upon approval of the above recommendations, the total budgeted expenses for Fiscal Year 2016 will remain $432,598.00. The revised Budget and Five-Year Service Plan will take effect upon approval by City Council. This M&C does not request approval of a contract with a business entity.
The Camp Bowie PID is located in COUNCIL DISTRICTS 3 and 7. |
