09-12-14-Ordinance-Adopting the Budget for Fiscal Year 2014-2014-09/15/2014ORDINANCE #09-12-14
AN ORDINANCE OF THE CITY OF SANGER, DENTON COUNTY, TEXAS, ADOPTING
THE BUDGET PROVIDING FOR THE APPROPRIATION OF FUNDS FOR OPERATING
AND CAPITAL EXPENDITURES FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2014
AND ENDING SEPTEMBER 30, 2015, PROVIDING FOR THE INTRA AND INTER
DEPARTMENT AND FUND TRANSFERS, PROVIDING FOR UNEXPECTED REVENUES
SUCH AS GRANTS, DONATIONS, AND INSURANCE PROCEEDS, PROVIDING FOR AN
EFFECTIVE DATE, AND PROVIDING FOR APPROVAL OF THE INVESTMENT POLICY.
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, 2014 and ending September 30, 2015
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 public hearing on the budget on
August 7, 2014 and conducted public hearings on August 18, 2014 and September 2, 2014; and
WHEREAS, Chapter 2256 of the Texas Government Code, commonly known as the "Public
Funds Investment Act," requires the City to review its investment policy and investment strategies not
less than annually; and
WHEREAS, the Public Funds Investment Act requires the governing body to adopt a written
instrument by rule, order, ordinance, or resolution stating that it has reviewed the investment policy and
investment strategies and that the written instrument shall record any changes made to either the
investment policy or investment strategies, and
WHEREAS, the attached City of Sanger Investment Policy is in compliance with the Public
Funds Investment Act and requires no changes to either the investment policy or investment strategies;
and
WHEREAS, The City has implemented Governmental Accounting Standards Board Statement
54, Fund Balance Reporting and Governmental Fund Type Definitions (GASB 54) and Fund balance
categories under GASB 54 are Nonspendable and Spendable and classifications under the Spendable
category are Restricted, Committed, Assigned, and Unassigned and these classifications reflect not only
the nature of funds, but also provide clarity to the level of restriction placed upon fund balance.
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, 2014 and ending September 30, 2015.
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 2014-2015.
General Fund $5,712,869
Enterprise Fund $11,420,214
Debt Fund $996,263
4A Fund $199,411
413 Fund $237,500
Special Revenue Funds $46,500
Section 3. 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 4. That the City Manager be authorized to increase the budget for items received
during the year that have a corresponding revenue and expenditure such as Grants, Donations, and
Insurance Proceeds received for property damage.
Section 5. That the City of Sanger has complied with the requirements of the Public Funds
Investment Act and the City Council has reviewed the investment policy and investment strategies and
there are no changes to either the investment policy or investment strategies.
Section 6. In circumstances where an expenditure is to be made for a purpose for which
amounts are available in multiple fund balance classifications, the order in which resources will be
expended is as follows: restricted fund balance, followed by committed fund balance, assigned fund
balance, and lastly unassigned fund balance. When it is appropriate for fund balance to be assigned, the
City Council hereby delegates the authority to the City Manager. The following fund balances are
committed: Equipment Replacement Funds, Library Building Expansion Funds, Beautification Board
Funds, all Donated Funds, and Capital Projects Funds.
Section 7. This ordinance is effective immediately upon its adoption.
PASSED, APPROVED AND ADOPTED, this4hday of September 2014.
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ATTEST:
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Tami Taber, City Secretary
Thomas Muir, Mayor
m Tlast4ay, Septurfla IS, 2014 4 Sanger News • 20 Words - $10 a week
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Legal Nolices
ORDINANCE #09.11.14
AN ORDINANCE OF THE CITY OF SANGER, DENTON
COUNTY, TEXAS, AMENDING (BUDGET AMEND-
MENT 1) ORDINANCE #09-15-13 - WHICH WILL
AMEND THE BUDGET FOR THE 201312014 FISCAL
YEAR AND AUTHORIZING AMENDED REVENUES
AND EXPENDITURES AS PROVIDED; PROVIDING
FOR THE REPEAL OF ALL ORDINANCES IN CON-
FLICT; PROVIDING FOR PUBLICATION, PROVIDING
FOR A SEVERABILITY CLAUSE AND PROVIDING FOR
AN EFFECTIVE DATE.
ORDINANCE #09.12.14
AN ORDINANCE OF THE CITY OF SANGER, DENTON
COUNTY, TEXAS, ADOPTING THE BUDGET PROVID-
ING FOR THE APPROPRIATION OF FUNDS FOR OP-
ERATING AND CAPITAL EXPENDITURES FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2014 AND
ENDING SEPTEMBER 30, 2015, PROVIDING FOR
THE INTRA AND INTER DEPARTMENT AND FUND
TRANSFERS, PROVIDING FOR UNEXPECTED REVE-
NUES SUCH AS GRANTS, DONATIONS, AND INSUR-
ANCE PROCEEDS, PROVIDING FOR AN EFFECTIVE
DATE, AND PROVIDING FOR APPROVAL OF THE IN-
VESTMENT POLICY.
ORDINANCE #09.13-14
AN ORDINANCE OF THE CITY OF SANGER, DENTON
COUNTY, TEXAS, LEVYING A TAX RATE FOR THE
GENERAL GOVERNMENT FOR THE FISCAL YEAR
2014-2015 AND PROVIDING FOR AN EFFECTIVE
DATE.
ORDINANCE #09.14.14
AN ORDINANCE OFTHE CITY OF SANGER, DENTON
COUNTY, TEXAS, APPROVING THE 2014 TAX ROLLS
AND PROVIDING AN EFFECTIVE DATE.
ORDINANCE 09.16.14
AN ORDINANCE OF THE CITY OF SANGER, DENTON
COUNTY, TEXAS, GRANTING A SPECIFIC USE PER-
MIT FOR A QUICK SERVICE FOOD AND BEVERAGE
SHOP LOCATED AT 203 EAST CHAPMAN DRIVE;
PROVIDING FOR THE REPEAL OF ALL ORDINANC-
ES IN CONFLICT; PROVIDING FOR A SEVERABILfrY-
CLAUSE; PROVIDING FOR A PENALTY OF FINE NOT
TO EXCEED THE SUM OF TWO THOUSAND DOL-
LARS ($2,000.00) FOR EACH OFFENSE; AND PRO-
VIDING FOR AN EFFECTIVE DATE.
ORDINANCE 09.16.14
AN ORDINANCE OF THE CITY OF SANGER, DEN -
TON COUNTY, TEXAS, GRANTING A SPECIFIC USE
PERMIT FOR A QUICK SERVICE FOOD AND BEVER-
AGE SHOP LOCATED AT 551 NORTH STEMMONS;
PROVIDING FOR THE REPEAL OF ALL ORDINANC-
ES IN CONFLICT; PROVIDING FOR ASEVERASILfTY-
CLAUSE; PROVIDING FOR A PENALTY OF FINE NOT
TO EXCEED THE SUM OF TWO THOUSAND DOL-
LARS ($2,000,00) FOR EACH OFFENSE; AND PRO-
VIDING FOR AN EFFECTIVE DATE.
HTC Enterprise
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