HomeMy WebLinkAboutOrdinance No. 08-1779
CITY OF THE COLONY, TEXAS
ORDINANCE NO. 08-1779
ADOPT MUNICIPAL BUDGET FOR FISCAL YEAR 2008-2009
AN ORDINANCE OF THE CITY OF THE COLONY, TEXAS
APPROVING THE REVISED BUDGET FOR FISCAL YEAR 2007-2008;
APPROVING AND ADOPTING A BUDGET FOR THE CITY FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 2008, THROUGH
SEPTEMBER 30, 2009; 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.
BE IT SO ORDAINED BY THE CITY COUNCIL OF THE CITY OF THE COLONY,
TEXAS:
WHEREAS, the budget for fiscal year 2007-2008 has been revised since its adoption on
September 30,2007; 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
2008-2009; and
WHEREAS, notices of a public hearing on the Budget for the city of The Colony, Texas,
for the fiscal year 2008-2009 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 2007-2008 as adopted by the City
Ordinance No. 07-1736 on September 30th, 2007 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 2008-2009.
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: The fact that the fiscal year begins on October 1, 2008, 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.
DULY PASSED AND APPROVED, this the 15th day of September, 2008.
Dillard, Mayor
of The Colony, Texas
ATTEST:
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Christie Wilson, TRMC, City Secretary
City Attorney
City of The Colony, Texas
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