79-10-Ordinance-Adopting the Budget for Fiscal Year 1979-1980-10/15/1979ORDINANCE NO. 79-10
AN ORDINANCE ADOPTING A BUDGET FOR THE FISCAL YEAR, BEGINNING
SEPTEMBER 1, 1979 AND ENDING AUGUST 31, 1980; 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 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, 1979 and ending August 31, 1980, 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, 1979 and end-
ing August 31, 1980.
SECTION 2. The sum of $257,085.00 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 $6,300.00 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 $107,286.00 is hereby appropriated
out %J the Utility Fund for the payment of operating expenses
and capital outlay for the City Government, and $4,239.00 be
appropriated for the purpose of paying City of Sanger's commit-
tment toward Brazos' debt retirement.
SECTION 5. That the sum of $90,468.00 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 $6,200.00 is hereby appro-
priated for the purpose of paying Time Warrant.payments on Computer.
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 15th day of October, A.D., 1979.
APPROVED:
MAYOR' RALPH B . COLS
ATTEST:
CITY' SE I ARY