Page 204 - FortWorthFY23AdoptedBudget
P. 204

Special Revenue Fund



            On  May  19,  2020,  the  City  Council  authorized  a  management  services  agreement  (M&C  20-0347)  with  the
            Botanical Research Institute of Texas, Inc. (BRIT). The agreement is effective October 1, 2020, with all operations
            for the Garden transitioning from the City of Fort Worth to management by BRIT.


            FY2023 DISCUSSION AND SIGNIFICANT CHANGES
            Under the new management agreement, all revenues, expenses, and budgetary responsibilities were transitioned
            to BRIT effective October 1, 2020.  A new center in the PARD General Fund was established to administer the
            management  fee  due  to  BRIT  and  track  annual  operating  obligations  for  insurance,  utility  maintenance,  and
            personnel costs.





































































                                                                                                 Page 204 of 623
   199   200   201   202   203   204   205   206   207   208   209