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09-11-09-Ordinance-Adopting the Budget for Fiscal Year 2009-2010-09/21/2009AN ORDINANCE OF THE CITY OF SANGER, DENTON COUNTY, TEXAS, ADOPTING THE BUDGET FOR THE CITY OF SANGER, TEXAS, PROVIDING FOR THE APPROPRIATION OF FUNDS FOR OPPERATING AND CAPITAL EXPENDITURES FOR THE FISCAL YEAR BEGINNING OCTOBER 192009 AND ENDING SEPTEBER 30, 2010 PROVIDING FOR THE INTRA AND INTER DEPARTMENT 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 fiscal year 2009-2010 has been published in accordance with law; 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 2009-2010. General Fund $ 4,835,345.88 Enterprise Fund $ 9,634,988,88 SECTION 2: That the City Manager or his designee 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 deposit. Accrued interest from such investments may be deposited in the General Fund, all of which investments shall be in accordance with the law. SECTION 3: That the City Manager be and is hereby authorized to make intra and inter department fund transfers during the fiscal year as becomes necessary in order to avoid expenditure of a particular account. SECTION 4: This ordinance shall take effect and shall be in full force and effect from after its passage. PASSED, APPROVED AND ADOPTED, this day day of September 2009. ATTEST: Rosalie Chavez t`,.�, J Joi Higgs y . Ci Secretary Mayor, CityofSanger �M e�EXAF-1 40�e� /lIIIIII11