09-23-01-Ordinance-Adopting the Budget for Fiscal Year 2001-2002-09/24/2001CITY OF SANGER, TEXAS
ORDINANCE NO. #09-23-01
AN ORDINANCE OF THE CITY OF SANGER, DENTON COUNTY, TEXAS,
ADOPTING THE BUDGET FOR TIE CITY OF SANGER, TEXAS FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2001 AND ENDING SEPTEMBER 30,
2002 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 2001-2002 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 l : That the budget presented by the City Council and reviewed during the public
hearing is hereby approved and adopted for the fiscal year 2001-2002.
General Fund $2,416,051.00
Enterprise Fund $4,818,029.00
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 24th day of September A.D., 2001,
AT!�& till
Rosatie Chavez Tom y Kincaid
City Secretary �e ° °°° a Mayor, City of Sanger
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