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HomeMy WebLinkAbout1316 02-10-1998ORDINANCE NO. 1316 AN ORDINANCE AMENDING ORDINANCE 1242 ADOPTING THE OFFICIAL OPERATING AND CAPITAL BUDGET FOR THE CITY OF EULESS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1997 AND ENDING SEPTEMBER 30, 1998; PROVIDING FOR CRIME CONTROL AND PREVENTION DISTRICT AMENDED BUDGET. WHEREAS, on September 8, 1997, the Euless City Council adopted a budget including the Crime Control and Prevention District for the fiscal year beginning October 1, 1997, and ending September 30, 1998, and WHEREAS, the Crime Control and Prevention District Board has recommended an amendment to Ordinance No. 1242 to include a transfer of $700,000 from the Crime Control and Prevention District Fund to the Police Facility Construction Fund; and WHEREAS, such funds are available from the 1996 -97 unexpended fund balance to cover such amendment, 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 beginning October 1, 1997, and ending September 30, 1997, be amended to increase total expenditures of the Crime Control and Prevention District to $1,499,938, with $700,000 thereof to be allocated to the Police Facility Construction Fund. 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. 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. ORDINANCE NO. 1316, PAGE 1 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 APPROVED on First and Final Reading at a regular meeting of the Euless City Council on the 10th day of February, 1998, by a vote of 7 ayes, 0 nays, and 0 abstentions. APPROVED: "44::3� Mary Lib leh, Mayor ATTEST: Susan Crim, C, City Secretary ORDINANCE NO. 1316, PAGE 2