HomeMy WebLinkAboutOrdinance No. 97-997 ORIGINAL
CITY OF THE COLONY, TEXAS
ORDINANCE NO. 97-997
AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS
APPROVING AND ADOPTING A BUDGET FOR THE CITY FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 1997, THROUGH
SEPTEMBER 30, 1998; 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 1997-
1998; and
WHEREAS, a notice of a public hearing on the Budget for the City of The Colony,
Texas, for the fiscal year 1997-1998 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 1997-1998.
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, 1997, eqmres that
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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
O~d. No. 97-997
Adopt 97-98 Budget 1
and adoption.
PASSED AND APPROVED this~ day of September ,1997.
Mary Blairk,Watts, ~Ia~or
ATTEST:
Patti A. Hicks, TRMC,' Qity Secretary
APPROVED AS TO FORM:
Ord. No. 9%997
Adopt 97-9~ Budget 2