HomeMy WebLinkAbout1055 09-10-1991ORDINANCE NO. 1055
AN ORDINANCE ADOPTING THE OFFICIAL
BUDGET FOR THE CITY OF EULESS FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 1991,
AND ENDING SEPTEMBER 30, 1992; AND
AMENDING THE BUDGET FOR FISCAL YEAR
BEGINNING OCTOBER 1, 1991, AND ENDING
SEPTEMBER 30, 1992; PROVIDING FOR THE
INVESTMENTS OF FUNDS; PROVIDING FOR
PUBLICATION AND AN EFFECTIVE DATE.
WHEREAS, on August 27, 1991, the Euless City Council held a Public Hearing
on its proposed budget for the fiscal year beginning October 1, 1991, and
ending September 30, 1992; and
WHEREAS, the proposed budget was on file in the office of the City Secre-
tary of the City of Euless, available to the citizens and the public for
their inspections, as well as an opportunity to be heard on said date;
WHEREAS, due notice of such hearing on the budget was duly published; and
at the conclusion of such hearing, it was determined that such budget
should be adopted;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EULESS,
TEXAS:
SECTION 1
THAT the official budget for the City of Euless for the fiscal year begin-
ning October 1, 1991, and ending September 30, 1992, be, and the same is
hereby adopted by the Euless City Council, and the Euless City Secretary is
directed to keep and maintain a copy of such official budget on file in the
office of the City Secretary available for inspection by citizens and the
general public.
SECTION 2
THAT all funds appropriated and allocated shall be expended and used
pursuant to the provisions of such official budget and the Euless City
Manager shall be directed to appropriate and expend city funds according to
city charter provisions.
THAT the sums below are hereby appropriated from the respective funds for
the payment of expenditures on behalf of the city government as established
in the approved budget document:
Fiscal Year 1992
(Expenditures)
General Fund . ...............................
$10,857,021
General Obligation Debt Fund ................
1,627,288
Water and Sewer Fund ........................
9,050,939
Water and Sewer Revenue Debt Fund ...........
554,000
Fleet Maintenance Fund ......................
481,698
Insurance Fund ..............................
1,092,907
W /Comp & Risk Management Fund ...............
697,865
Hotel /Motel .. ...............................
117,438
Program & Special Events ....................
221,829
Drainage Utility ............................
206,764
Cash & Debt .. ...............................
42,971
SECTION 3
THAT the City Manager is authorized from time to time as he may deem to be
in the best interest of the City of Euless, to invest city funds not
immediately required for current use, including operating funds and bond
funds, as per Council adopted Investment Policy.
SECTION 4
Effective Date. This ordinance shall become effective immediately from and
after its passage as provided by the Euless City Charter and the laws of
the State of Texas.
PRESENTED AND GIVEN FIRST READING at a regular meeting of the Euless City
Council on the 27th day of August, 1991; by a vote of 4 ayes, 1 nay, and
0 abstentions.
GIVEN SECOND AND FINAL READING at a regular meeting of the Euless City
Council on the 10th day of September, 1991, by a vote of 5 ayes, 0 nays,
and 0 abstentions.
APPROVED- Q
Harold D. Samuels, Mayor
ATTEST:
Susan Crim, 'City Secretary
APPR n
Bob McFarland, City "Attorney
Ordinance No. 1055, Page 2 of 2