Loading...
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