M&C Review


COUNCIL ACTION:  Approved on 9/26/2017 - Ordinance No. 22917-09-2017

DATE: 9/26/2017 REFERENCE NO.: **G-19112 LOG NAME: 25TRANSFERFUNDSFY2017DICKIES ARENA
CODE: G TYPE: CONSENT PUBLIC HEARING: NO
SUBJECT:  

Adopt Ordinance Increasing Receipts and Appropriations in the Culture and Tourism Capital Project Fund by $1,800,000.00, from a Transfer from Operating, for the Dickies Arena Project (ALL COUNCIL DISTRICTS)


RECOMMENDATION:

It is recommended that the City Council adopt the attached ordinance increasing Fiscal Year 2017 receipts and appropriations in the Culture and Tourism Capital Project Fund (30101) in the amount of $1,800,000.00, from a transfer from previously appropriated operating dollars, in support of the Dickies Arena Project.

 
DISCUSSION:

The purpose of this Mayor and Council Communication (M&C) is to appropriate money in the Culture and Tourism Capital Project Fund 30101 in support of the Dickies Arena Project from previously appropriated operating-budget funds.  This action is in accordance with the adopted funding plan for the Venue project that includes the Dickies Arena adjacent to the Will Rogers Memorial Center (Resolution No. 4498-08-2015).  The Fiscal Year 2017 Culture and Tourism Operating Fund (20101) budget included an appropriation of $1,800,000.00 for a capital transfer out in support of the Dickies Arena, which was also reflected in the adopted Capital Improvement Plan for the Public Events Department (M&C G-18914).

Section 2 of the adopted operating budget ordinance (Ordinance 22393-09-2016) delegated authority to the City Manager or his designee to effect transfers of funds "designated in the budget for transfer between and among departments and funds of the City."  Staff can use the delegated authority to move the budgeted transfer to the capital fund, but an appropriation in the capital fund is needed to fully implement this part of the current year's approved funding plan.  Approval of this M&C and adoption of the attached ordinance will provide the final necessary step.

The project is physically located in COUNCIL DISTRICT 7, but will serve Fort Worth residents in ALL COUNCIL DISTRICTS.

This M&C does not request approval of a contract with a business entity.

 
FISCAL INFORMATION/CERTIFICATION:

The Director of Finance certifies that upon approval of the above recommendations and adoption of the attached ordinance, funds will be available in the current capital budget, as appropriated, of the Culture and Tourism Capital Project Fund.






TO
    Fund Department
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Account Project
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Program Activity Budget
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(Chartfield 2)
Amount

FROM
    Fund Department
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Account Project
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Program Activity Budget
Year
Reference #
(Chartfield 2)
Amount

Submitted for City Manager's Office by:
Susan Alanis (8180)
Originating Department Head:
Kirk Slaughter (2501)
Additional Information Contact:
Stacey Church (2502)

 
 
ATTACHMENTS
  FY17 CnT Cap Proj AO Dickies Arena.docx