HomeMy WebLinkAboutOrdinance No. 371 ORD!~qANCE NO. ~1
AN ORDINANCE OF THE CITY OF T~E COLONY, TEXAS APPROVING AND
ADOPTING A BUDGET FOR THE CiTY FJ? THE FISCAL YEAR BEGINNING
OCTOBER 1, 1985 THROUGH SEPTEMBER 30, 1986; PROVIDING FOR THE
iNTRA- AND INTER-DEPARTMENT FUND TRANSFERS; PROV~D}NG FOR THE
]NV£SlMENT OF [ERTAIN FUNDS; PROVIDING THAl EXPENDITURES FOR
SAID FISCAL YEAR SHALL BE MADE IN ACCORDANCE WITH SAID BUDGET;
AND DECLARING AN EFFECTIVE DATE.
WHEREAS, the Budget Officer of the City of The Colony, Texas, has
heretofore filed with the City Secretary, a proposed general budget for
the City covering the fiscal year 1985-1986; and
WHEREAS, a notice of a public hearing on the Budget for the City
of The Colony, Texas, for the fiscal year 1985-1986 was heretofore
published in accordance with law; and
WHEREAS, a public hearing was duly held and all interested persons
were given an opportunity to be heard for or against any item therein.
NOW, THEREFORE, BE IT ORDAINED BY lHE CITY COUNCIL OF THE CITY OF
THE COLONY, TEXAS:
Section 1. That the budget, presented by the City Manager and reviewed
during the public hearing, be approved for the fiscal year 1985-1986.
Section 2. That the City Manager be and is here by authorized to make
intra-departmental fund transfers during the fiscal year as becomes necessary
in order to avoid over-expenditures of a particular account.
Section 3. That the City Manager and/or Budget Officer, unless express-
ly prohibited by law or unless it is in contravention of any Depository
Contract, may direct the City Treasurer to invest funds in direct debt
securities of the United States.
Section 4. That said Budget be attached to this ordinance as Exhibit
"A" and made a part hereof all purposes.
Section 5. The fact that the fiscal year begins on October l, 1985
requires ~hat this ordinance be effective upon its passage and adopted to
preserve the public peace, property, health and safety, and shall be in full
force and effect from and after its passage and adoption.
PASSED AND A~OVED by the City Council of the City of The Colony,
Texas, on the ~_~_~l/-~ay of~E~)?-, 1985.
APPROVED:
ATTEST:
at~t~iJones~ry
APPROVED AS TO FORM:
City Attorney