HomeMy WebLinkAboutOrdinance No. 606 CITY OF THE COLONY, TEXAS
ORDINANCE NO. ~O&
AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS APPROVING
AND ADOPTING A BUDGET FOR THE CITY FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 1989, THROUGH SEPTEMBER 30, 1990;
PROVIDING FOR THE INTRA AND INTER-DEPARTMENT FUND
TRANSFERS; PROVIDING FOR THE INVESTMENT OF CERTAIN
FUNDS; PROVIDING THAT 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 1989-1990; and
WHEREAS, a notice of a public hearing on the Budget for the
City of The Colony, Texas, for the fiscal year 1989-1990 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. That the budget, presented by the City
Manager and reviewed during the public hearing, be approved for
the fiscal year 1989-1990.
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
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 for all purposes.
Section 5. The fact that the fiscal year begins on
October 1, 198~, requires that 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 APPROVED this ~5~-~day of September , 1989.
Don-A~c~, Mayor ~ - '
Patti A. Hicks, City Secretary
APPROVED AS TO FORM:
City Attorney