09-16-10-Ordinance-Adopting the Budget for Fiscal Year 2010-01-09/20/2010CITY ST, fl
ORDINANCE NO. #09-16-10 0 LL IGINAL COPS
AN ORDINANCE OF THE CITY OF SANGER, DENTON COUNTY, TEXAS, ADOPTING THE
BUDGET PROVIDING FOR THE APPROPRIATION OF FUNDS FOR OPPERATING AND
CAPITAL EXPENDITURES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2010 AND
ENDING SEPTEMBER 30, 2011 AND PROVIDING FOR THE INTRA AND INTER DEPARTMENT
AND FUND TRANSFERS; AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, pursuant to the laws of the State of Texas and the City Charter, the budget covering
proposed expenditures for the fiscal year beginning October 1, 2010 and ending September 30, 2011 was filed
with the City Secretary; and
WHEREAS, budget workshops were conducted by the City Council on the proposed budget at which
time the proposed budget was fully considered; and
WHEREAS, in accordance with the provisions of the City Charter and the Local Government Code,
the City Council of the City of Sanger, Texas published notice of and conducted a public hearing on the budget
on September 7, 2010.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
SANGER, TEXAS:
SECTION 1: That the City Council adopts the budget for the City of Sanger, Texas, a copy of which is
on file in the office' of the City Secretary and which hereinafter referred to as the "Budget" for the fiscal year
beginning October 1, 2010 and ending September 30, 2011.
SECTION 2: That the budget presented by the City Council and reviewed during the public hearing is
hereby approved and adopted for the fiscal year 2010-2011.
General Fund $4,525,078.98
Enterprise Fund $9,979,336.39
Debt Fund $ 695,050.00
SECTION 3: That the City Manager or his designee is authorized to invest any Rinds not needed for
current use, whether operating fiends or bond funds, in the 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 4: That the City Manager be authorized to make intea and inter department fund transfers
during the fiscal year as becomes necessary in order to avoid over expenditure of any departments total budget.
SECTION 5: This ordinance is effective immediately upon its adoption.
PASSED, APPROVED AND AlpOP;TED, this 20th day of September 2010.
ATTEST: �°�' ...
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Tame Taber ho,n- As Muir
City Secretary X R,°r
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