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86-22-Ordinance-Adopting the Budget for Fiscal Year 1986-1987-10/06/1986CITY SECRETARY ORDINANCE NO. 86-22 ORIGINAL COPY AN ORDINANCE OF THE CITY OF BANGER, TEXAS, ADOPTING THE BUDGET FOR THE CITY OF SANGER, TEXAS, FOR THE FISCAL YEAR BEGINNING SEP- TEMBER 1, 1986 AND ENDING AUGUST 31, 1987, PROVIDING FOR THE INTRA AND INTER DEPART- MENT 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 year 1986-87 has heretofore been published in accordance with the law, and, WHEREAS, a public hearing was duly held at the time and place as provided for in the notice of such public hearing and all interested persons were given opportunities to be heard on said budget; 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 1: That the budget presented by the City Council and reviewed during the public hearing is hereby approved and adopted for the fiscal year 1986-87. SECTION 2: That the City Administrator 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 deposits in the city depository. Interest accrued from such investment may be deposited in the General Fund. All of which investments shall be in accordance with law. CITY SECRETARY ' ORIGINAL COPY SECTION 3: That the City Administrator be and is hereby authorized to make intra and inter department fund transfers during the fiscal year as becomes necessary in order to avoid over expenditure of a particular account. SECTION 4: This ordinance shall take effect and shall be in full force and effect from and after its passage. PASSED, APPROVED AND. ADOPTED, this the 6 October A. D., 1986. Mayor ATTEST: City Secretary (Acting)