84-19-Ordinance-Adopting the Budget for Fiscal Year 1984-1985-09/17/1984ORDINANCE N0, 84-19
AN ORDINANCE ADOPTING A BUDGET FOR THE FISCAL YEAR, BEGINNING
SEPTEMBER 1, 1984 AND ENDING AUGUST 31, 1985; AND APPROPRIATING
THE VARIOUS AMOUNTS THEREOF,
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BANGER, TEXAS:
SECTION 1. That the proposed Budget of the revenues %J the City
of Sanger and the expenses of conducting the affairs, thereof,
providing a complete financial plan for the ensuing fiscal year,
beginning September 1, 1984 and ending August 31, 1985, as sub-
mitted to the City Council by the City Manager of said City, be,
and the same is in all things adopted and approved as the budget
of all the current expenses as well as the fixed charges against
said City for the fiscal year beginning September 1, 1984 and end-
ing August 31, 1985.
SECTION 2. The sum of $429,680.00 is hereby appropriated out of
the General Fund for the payment of operating expenses and capital
outlay of the City Government,
SECTION 3. That the sum of $41,600.00 is hereby appropriated out
of the General Fund for the purpose of paying the interest due on
general obligation bonds and time warrants, redeeming the serial
bonds as they mature, and creating a sinking fund therefor.
SECTION 4. That the sum of $1,487,649.00 is hereby appropriated
out of the Utility Fund for the payment of operating expenses and
capital outlay for the City Government.
SECTION 5. That the sum of $157,368.00 is hereby appropriated out
of the Utility Fund for the purpose of paying interest due on
revenue bonds, redeeming the serial bonds as they mature, and
creating a sinking fund therefor, and $23,071.00 is hereby appro-
priated for the purpose of a capital improvements contingency fund.
SECTION 6. This ordinance shall be and remain in full force and
effect from and after its passage and approval by the City Council
of the City of Sanger, Texas.
PASSED AND APPROVED this the 17 day of September 1984.
yor, Nel Armstrong
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