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
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0.1 eetary ; Mayor, City of Sanger
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