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HomeMy WebLinkAboutOrdinance No. 820 ORIGINAL CITY OF THE COLONY, TEXAS ORDINANCE NO. ~ ~.0 AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS APPROVING AND ADOPTING A BUDGET FOR THE CITY FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1993, THROUGH SEPTEMBER 30, 1994; 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 1993- 1994; and WHEREAS, a notice of a public hearing on the Budget for the City of The Colony, Texas, for the fiscal year 1993-1994 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 1993-1994. 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 Finance Director 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, 1993, 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 J_~-day of September , 1993. William W. Manning, Mayor ATTEST: Patti A Hicks, City Secretary APPROVED AS TO FORM: