08/31/1998-CC-Agenda Packet-SpecialAGENDA
SPECIAL CALLED CITY COUNCIL
MONDAY, AUGUST 31,1998
7:00 P.M.
201 BOLIVAR
1. Call Meeting To Order.
2. Consider and Possible Action on Proposed Budget
3. Consider and Possible Action to File Proposed Budget for Fiscal Year 1998-1999 with
the City Secretary.
4. EXECUTIVE SESSION: In Accordance With 551, Govt. Code, Vernon's Texas Codes
Annotated (Open Meetings Law), in Accordance With the Authority Contained in Section
551.071 - Consultation with City Attorney Concerning IESI Lawsuit.
5. Reconvene into Regular Session and Consider Appropriate Action, if any, On Item
Discussed in Executive Session.
6. Adjourn.
Date an Time Posted
CD's & SAVINGS REPORT
AS OF 06/30/98
RESTRICTED ASSETS
(Obligated by Bond Ordinance or Other Restrictions)
*Utility Bond Reserve CD
Utility Emergency Fund CD
U.F. Int. Skg. Savings 91 Series
*96 U.Bd. Svgs.
96 I&S (Sewer Lift Station Improve.)
96 Rev. Bd. CD Sewer Lift Improve.)
2271482.00-matures 10/08/98 (6 mo. renewal)
16,212.00-matures 09/06/98 (3 mo. renewal)
14,732.95
10,701.24
4,375.59
753,282.92-matures 10/12/98 (City can draw on
CD as needed)
(*Deposits of $403.00 must be made monthly until reserve reaches $281,619.00)
CO 94 Int. & Skgs.
CO Constructions Reserve CD
City of Sanger UT Deposit Savings CD
SAVINGS ACCOUNTS
U.F. Equipment Replacement
G.F. Equipment Replacement
Water Reserve
Sewer Reserve
Hotel Motel Tax Savings
City of Sanger Parks Savings
City of Sanger Ned Harris Donation
Gnd Water Storage Tank Svgs. Improve
Library Savings
CITY OF BANGER BOOK FUND BALANCE:
CERTIFICATES OF DEPOSIT:
103,516.73
38,000.00-matures 10/09/98 (6 mo. renewal)
55,000.00-matures 02/07/99 (6 mo. renewal)
6,397.87-monthly
565.48-monthly
5,521.18
9,451.21
42,472.37
1,500.02
577.10
37.94
req
dep. of $357.00 req. by Ord
dep. of $425.00 . by Ord
G.F. Equip. Repl. CD. 25,001.20-matures 11/O1/98 (90 day renewal)
Water Capital Reserve CD. 10,598.25-matures 09/16/98 (90 day renewal)
Sewer Capital Reserve CD. 26,495.68-matures 09/16/98 (90 day renewal)
E.F. Contingency CD. 179,481.57-matures 09/05/98 (90 day renewal)
94 CO Const. Chg 22,772.69
E.F. Svgs. 131,604.09 (To pay Cherokee - Painting water tower
and final on storage tank)
Water Storage Tank Svgs. 664.73
(INTEREST
& SINKING
SAVINGS
ACCOUNT DEPOSITS ARE MADE MONTHLY TO ASSURE FUNDS ARE
AVAILABLE
WHEN BOND
PAYMENTS
ARE DUE)