HomeMy WebLinkAboutOrdinance No. 01-1311 ORIGINAL
CITY OF THE COLONY, TEXAS
ORDINANCE NO. ~_T_J_..~ J
AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS APPROVING
AND ADOPTING A BUDGET FOR THE CITY FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2001, THROUGH SEPTEMBER 30, 2002;
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 2001-2002; and
WHEREAS, a notice of a public hearing on the Budget for the City of The Colony, Texas,
for the fiscal year 2001-2002 was heretofore published in accordance with law; and
WHEREAS, a public hearing was duly held and all interested persons were given an
oppommity 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 2001-2002.
Section 2. That the City Manager be and is hereby authorized to make intra and inter-
department 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, 2001, requires that this
1
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 17th day of September, 2001.
Bemetta Henville-Shannon, Mayor
ATTEST:
Patti A. Hicks, TRMC, City Secretary