HomeMy WebLinkAboutOrdinance No. 07-1736
CITY OF THE COLONY, TEXAS
ORDINANCE NO. 07-1736
ADOPT MUNICIPAL BUDGET FOR FISCAL YEAR 2007-2008
AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS
APPROVING THE REVISED BUDGET FOR FISCAL YEAR 2006-2007;
APPROVING AND ADOPTING A BUDGET FOR THE CITY FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2007, THROUGH
SEPTEMBER 30, 2008; PROVIDING FOR THE INTRA AND INTER-
DEP ART ME NT FUND TRANSFERS; PROVIDING FOR THE
INVESTMENT OF CERTAIN FUNDS; PROVIDING THAT
EXPENDITURES FOR SAID FISCAL YEAR SHALL BE MADE IN
ACCORDANCE WITH SAID BUDGET; PROVIDING AN ADDITIONAL
FLOATING HOLIDAY FOR THE EMPLOYEES FOR THE CALENDAR
YEAR OF 2008; AND DECLARING AN EFFECTIVE DATE.
BE IT SO ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY,
TEXAS:
WHEREAS, the budget for fiscal year 2006-2007 has been revised since its adoption on
September 18, 2006; and
WHEREAS, the Finance Director 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
2007-2008; and
WHEREAS, notices of a public hearing on the Budget for the city of The Colony, Texas,
for the fiscal year 2007-2008 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 revised budget for fiscal year 2006-2007 as adopted by the City
Ordinance No. 06-1688 on September 18th, 2006 is hereby approved as amended.
SECTION 2: That the attached budget, presented by the City Manager and reviewed
during the public hearing, and as amended be approved for the fiscal year 2007-2008.
SECTION 3: That the City Manager be and is hereby authorized to make intra and
Council approved inter-departmental fund transfers during the fiscal year as becomes necessary in
order to avoid over-expenditures of a particular account.
SECTION 4: That the City Manager, 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
accordance with the City's Investment Policy.
SECTION 5: That said Budget be attached to this Ordinance as Exhibit "A" and made a
part hereof for all purposes.
SECTION 6: That in order to improve employee morale, one additional floating holiday
for City employees for calendar year 2008 be approved.
SECTION 7: The fact that the fiscal year begins on October 1,2007, 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 affect from and after its passage and adoption.
DULY PASSED AND APPROVED, this the 30th day of September, 2007.
Dillard, Mayor
of The Colony, Texas
ATTEST:
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Christie Wilson, TRMC, City Secretary
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APPROVED AS TO FORM:
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City Attorney ~
City of The Colony, exas
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