HomeMy WebLinkAboutOrdinance No. 257 CITY OF THE COLONY
ORDINANCE NO.
AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS,
APPROVING AND ADOPTING A BUDGET FOR THE CITY FOR
THE FISCAL YEAR BEGINNING OCTOBER 1, 1983 THROUGH
SEPTEMBER 30, 1984; PROVIDING FOR THE INTRA- AND INTER-
DEPARTMENT FUND TRANSFERS; PROVIDING FOR THE IN-
VESTMENT OF CERTAIN FUNDS; PROVIDING THAT EXPEN-
DITURES FOR SAID FISCAL YEAR SHALL BE MADE IN AC-
CORDANCE WITH SAID BUDGET; AND DECLARING AN EFFEC-
TIVE 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 1983-1984; and
WHEREAS, a notice of a public hearing on the Budget for the City of The
Colony, Texas, Ior the ~'lscal year 1983-1984 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 THE CITY COUNCIL OF THE
CITY OF THE COLONY, TEXAS:
Section 1. Thgt the budget, presented by the City Manager and
reviewed during the public hearing, be approved for the fiscal year 1983-1984.
Section 2. That the City Manager be and is hereby 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
expressly prohibited by law or unless it is in controvention 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 for all purposes.
Section 5. The fact that the fiscal year begins on October 1, 1983
requires that this ordinance De 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 A~If) APPROVED j~y the Qity Council of the City of the Colony,
Texas, on the /~-- day of ~/ , 1983.
/
APPROVED:
ATTEST: City- o~ ~ Colony, Texas
Ci,~ S~retary-
[S~AL]
APPROVED AS TO FORM:
City