09-14-05-Ordinance-Adopting the Budget for Fiscal Year 2005-2006-09/19/2005CITY OF SANGER, TEXAS
ORDINANCE NO. #09-14-05
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, 2005
AND ENDING SEPTEMBER 30, 2006 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 2005-2006 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, attached hereto
as Exhibit "A" and made part hereof for all purposes, is hereby
approved and adopted for the fiscal year 2005-2006.
General Fund $4,216,525.68
Enterprise Fund $71294,114.32
SECTION 2: That the City Manager or his designee 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 and after its passage.
PASSED, APPROVED AND ADOPTED, this the 19th day of
September A.D., 2005.
Tommy incaid
Mayor, City of Sanger
.EST
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Rosalie Chavez L
City Secretary
AP -PROVED AS TO 7R Opas�.\.
\\"'*y Attorney )