05-92-Ordinance-Adopting the Budget for Fiscal Year 1992-1993-09/21/1992CITY SECRETARY
CITY OF SANGER, TEXAS ORIGINAL COPY
ADOPTING THE BUDGET 14/ 1/92 - 9/30/93
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WHEREAS, notice of a public hearing on the budget for the City of
Sanger, Texas, for the fiscal year 1992-1993 has been published in
accordance with law; and,
WHEREAS, a public hearing was duly held at the time and place as
provided for in the notice of such public hearing and all interested persons
were given opportunities to be heard on said budget, 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 1992-1993.
SECTION 2: That the City Administrator 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 investment may be deposited in the General
Fund, all of which investments shall be in accordance with law.
SECTION 3: That the City Administrator be and is hereby authorized
to make intra and inter department fund transfers during the fiscal year as
becomes necessary in order to avoid over expenditure of a particular
account.
SECTION 4: This ordinance shall take effect and shall be in full force
and effect from and after its passage.
ORDINANCE • PAGE 2
CITY SECRETARY
ORIGINAL COPY
PASSED, APPROVED AND ADOPTED, this the _ 21 _ day of
September . A.D., 1 1992
Nel Armstrong
Mayer, City of Sanger
ATTEST:
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Rosalie Garcia
City Secretary