09-15-06-Ordinance-Adopting the Budget for Fiscal Year 2006-2007-09/28/2006CITY OF SANGER, TEXAS
ORDINANCE NO. 09-15-06
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, 2006 AND
ENDING SEPTEMBER 30, 2007 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 2006-2007 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:
SECTION 1: That the budget presented by the City Council and
reviewed during the public hearing, and attached hereto as
Exhibit "All and made part hereof for all purposes, is hereby
approved and adopted for the fiscal year 2006-2007, by making the
following appropriations:
General Fund $4,427,329.00
Enterprise Fund $8,940,389.00
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, in accordance
with the written Investment Policy of the City. Accrued interest
from such investment may be deposited in the General Fund. All
of such investments shall be in accordance with law.
SECTION 3: That the City Manager is hereby authorized to
make intra and inter -department fund transfers during the fiscal
year as may become necessary in order to avoid depletion 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 ANDAvQPTED, this the 28th day of September
2006.
ATST: APPROVED:
R ___iLie tl�av_e 26 ;8Fa6 Higgs
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City Secretary ,.Mayor, City of Sanger
P OV D AS O R
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City Attorney W9 57)