09-32-11-Ordinance-Adopting the Budget for Fiscal Year 2011-2012-09/06/2011ORDINANCE NO. 909-32-11
AN ORDINANCE OF THE CITY OF SANGER, DENTON COUNTY, TEXAS, ADOPTING THE
BUDGET PROVIDING FOR THE APPROPRIATION OF FUNDS FOR OPPERATING AND
CAPITAL EXPENDITURES BY FUND FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2011
AND ENDING SEPTEMBER 30, 2012 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, 2011 and ending September 30, 2012 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 Goveriiment Code,
the City Council of the City of Sanger, Texas published notice of and conducted a public Bearing on the budget
on August 1, 2011.
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
SANGER, TEXAS:
SECTION l: 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, 2011 and ending September 30, 2012.
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 2011-2012.
General Fund $4,910,041.00
Enterprise Fund $9,906,805.00
Debt Fund $ 669,287.00
4A $ 299,286.00
4B $ 233,000.00
Hotel Occupancy Tax Fund $ 12,000.00
SECTION 3: 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 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 intra 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 ordir iWis41 '&A al,ve immediately upon its adoption.
PASSED, APPROVE — ND y llO TI D, this 6th day of September 2011.
ATTEST:
Tami.Taber ,a omas Muir
City Secretary ' a,, ed y a ®°°°Mayor
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