HomeMy WebLinkAboutOrdinance No. 859 ORIGINAL
CITY OF THE COLONY, TEXAS
ORDINANCE NO. 859
AN ORDINANCE OF THE CITY OF THE COLONY,
TEXAS APPROVING AND ADOPTING A BUDGET FOR
THE CITY FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 1994, THROUGH SEPTEMBER 30, 1995;
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 1994-
1995; and
WHEREAS, a notice of a public hearing on the Budget for the City of The Colony,
Texas, for the fiscal year 1994-1995 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 1994-1995.
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, 1994, 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 26th day of September .1994.
William W. Manning, Mayor
ATTEST:
Patti A. Hicks, TRMC, City Secretary
APPR~zI~ AS TO FORM:
City~/~ttorney