07-98-Ordinance-Adopting the Budget for Fiscal Year 1998-1999-09/21/1998CITY OF SANGER, TEXAS CITY SECRETARY
ORIGINAL CopyORDINANCE NO. #07-98
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, 1998 AND ENDING SEPTEMBER
30, 1999 PROVIDING FOR THE INTRA 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 1998-1999 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 presented by the City Council and reviewed during the
public hearing is hereby approved and adopted for the fiscal year 1998-1999.
General Fund $1,717,588
Enterprise Fund $3,433,692
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
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 21st day of September A.D., 1998.
&NNIAW
G ` iJ
Rosalie Chavez C '`,°°, e%, ommy Kincaid
City Secretary ' Mayor, City of Sanger