09-36-07-Ordinance-Adopting the Budget for Fiscal Year 2007-2008-09/04/2007ORDINANCE NO. 09-36-07
AN ORDINANCE OF THE CITY OF SANGER, DENTON COUNTY, TEXAS,
ADOPTING THE BUDGET FOR THE CITY OF SANGER, TEXAS FOR
THE FISCAL YEAR BEGINNING OCTOBER 1, 2007 AND ENDING
SEPTEMBER 30, 2008 PROVIDING FOR THE INTRA AND INTER
DEPARTMENT AND FUND TRANSFERS; AND DECLARING AN
EFFECTIVE DATE.
WHEREAS, notice of a public hearing on the budget for the City of Sanger, Texas, for the
fiscal year 2007-2008 has been published in accordance with law; and,
WHEREAS, it is necessary, at this time, that said budget be adopted.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
SANGER, TEXAS, AS FOLLOWS:
SECTION I : That the budget presented by the City Council and reviewed during the public
hearing is hereby approved and adopted for the fiscal year 2007-2008.
General Fund $8,692,804.00
Enterprise Fund $11,940,846.00
SECTION 2: That the City Manager or his designee is authorized to invest any funds not
needed for current use, whether operating funds or bond funds, in United States Treasury bills,
savings accounts or certificates of deposit. Accrued interest from such investment maybe deposited
in the General Fund, all of which investments shall be in accordance with law.
SECTION 3: That the City Manager be and is hereby authorized to make intra and inter
department fund transfers during the fiscal year as becomes necessary in order to avoid expenditure
of a particular account.
SECTION 4: This ordinance shall take effect and shall be in full force and effect from after
its passage.
PASSED, APPROVED AND ADOPTED, this the - — day of September 2007.
A ST:
Rosalie Chavez
City Secretary
adB
PROVED AS TO
City Attorney