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08-95-Ordinance-Adopting the Budget for Fiscal Year 1995-1996-09/25/1995CITY OF SANGER ORDINANCE NO 08-95 AN ORDINANCE OF THE CITY OF SANGER, DENTON COUNTY, TEXAS, ADOPTING THE BUDGET FOR THE CITY OF SANGER, TEXAS, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1995 AND ENDING SEPTEMBER 30, 1996 PROVIDING FOR THE INTRO 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 1995-1996 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 reviewed during the public hearing is fiscal year 1995-1996. presented by the City Council and hereby approved and adopted for the SECTION 2: That the City Administrator is authorized to invest any funds not needed for current use, whether operating funds or bond funs, 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 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 the 25th day of September A.D., 1995. ATTEST: 4 os Chavez Nel Armstrong . ;, 0.1 eetary ; Mayor, City of Sanger o 'joke S e3s3 ,