HomeMy WebLinkAbout460 09-25-1973ORDINANCE NO. 460
AN ORDINANCE ADOPTING THE OFFICIAL BUDGET FOR THE CITY
OF EULESS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1973,
AND ENDING SEPTEMBER 30, 1974; PROVIDING FOR THE INVEST-
MENT OF FUNDS; PROVIDING FOR PUBLICATION; DECLARING AN
EMERGENCY AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, ON SEPTEMBER 25, 1973, THE EULESS CITY COUNCIL HELD A
PU31-I1C HEARING ON ITS PROPOSED BUDGET FOR THE FISCAL YEAR BEGINNING
OCT03 =R 1, 1973, AND ENDING SEPTEMBER 30, 1974, AND
'4"-E:REAS, ALL CITIZENS AND INTERESTED PERSONS WERE GIVEN AN
OPPO:;. -'! *lI TY TO BE HEARD REGARDING THE PROPOSED BUDGET, AND
WHEREAS, THE PROPOSED BUDGET WAS ON FILE IN THE OFFICE OF THE
CITY SECRETARY OF THE CITY OF EULESS, AVAILABLE TO THE CITIZENS AND THE
PUBLIC FOR THEIR INSPECTION, AND
WHEREAS, DUE NOTICE OF SUCH HEARING ON THE BUDGET WAS DULY
PUBLISHED, AND
WHEREAS, 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 BEGINNING OCTOBER 1, 1973, AND ENDING SEPTEMBER 30, 1974, 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 IN-
SPECTION BY CITIZENS AND THE GENERAL PUBLIC.
SECTION II
THAT ALL FUNDS SO 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 ACCORDINGLY. THAT THE CITY MANAGER MAY TRANSFER AN UNNEEDED
SURPLUS IN THE AMOUNT BUDGETED FOR ONE ACCOUNT TO ANOTHER ACTIVITY IN
WHICH A DEFICIENCY EXISTS. THAT IF AND WHEN IN THE JUDGMENT OF THE
CITY MANAGER, ACTUAL OR PROBABLE RECEIPTS ARE LESS THAN THE AMOUNT
ESTIMATED AND HEREIN APPROPRIATED FOR EXPENDITURE, THE CITY MANAGER
SHALL FORTHWITH EFFECT A LIKE REDUCTION IN THE EXPENDITURES OF THE
SEVERAL DEPARTMENTS.
SECTION III
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, IN UNITED STATES TREASURY BILLS OR
IN CERTIFICATES OF DEPOSIT, TIME DEPOSITS AND SAVINGS ACCOUNTS IN
OFFICIAL CITY DEPOSITORIES. ALL INTEREST EARNED AND ACCRUED FROM
INVESTMENTS SHALL BE DEPOSITED IN THE GENERAL FUND.
SECTION IV
-HE FACT THAT THE FISCAL YEAR BEGINS ON OCTOBER 1, 1973,
REQUIRES THAT THIS ORDINANCE BE EFFECTIVE UPON ITS PASSAGE AND
ADOPTION TO PRESERVE THE PUBLIC PEACE, PROPERTY, HEALTH AND SAFETY,
AND TLiE RULES REQUIRING ORDINANCES TO BE READ AND PASSED ON TWO
SEPARATE DATES IS HEREBY SUSPENDED AND THIS ORDINANCE SHALL BE IN
FULL FORCE AND EFFECT FROM AND AFTER ITS PASSAGE AND ADOPTION.
PASSED AND APPROVED THIS THE 25th DAY OF September , 1973.
ATTEST:
�.
CITY SECRETARY
APPROVED AS TO FORM:
ITY ATTOIINEY
APPROVED:
MAYOR