78-5-Ordinance-Adopting the Budget for Fiscal Year 1978-1979-10/02/1978ORDINANCE NO 78-5
AN ORDINANCE ADOPTING A BUDGET FOR THE FISCAL YEAR, BEGINNING
SEPTEMBER 1, 1978 AND ENDING AUGUST 31, 19791 AND APPROPRIATING
THE VARIOUS AMOUNTS THEREOF,
BE IT ORDATNED BX THE CITY COUNCIL OF THE CITY OF SANGER, TEXAS:
SECTION 1, That the proposed budget of the revenues of 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, 1978 and ending August 31, 1979, 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 .f_scal year beginning September 1, 1978 and
ending August 31, 19790
SECTION 2. That the sum of $199,250.00 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 $6350.00 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 $83,896.00 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 $92,593.00 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.
SECTION 6. This ordinance shall be and remain in .full ,force
and affect from and after its passage and approval by the C%ty
Council of the City of ,Sanger, Texas
t?�assed and approved this the ''2rid'� day of October A.D., 1978.
ATTEST
ecreta.ry