09-27-02-Ordinance-Adopting the Budget for Fiscal Year 2002-2003-09/16/2002CITY OF SANGER, TEXAS
ORDINANCE NO. #09-27-02
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, 2002 AND ENDING SEPTEMBER 30,
2003 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 2002-2003 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 2002-2003.
General Fund $2,975,892.00
Enterprise Fund $5,226,004.00
SECTION 2: That the City Manager 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 Manager 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 16th day of September A.D., 2002.
AT ST:Fjf31
Rosalie Chavez c,o ° a ,` ' To my Kincaid
City Secretary„ ayor, City of Sanger
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