HomeMy WebLinkAbout490 08-12-1975ORDINANCE NO. 490
AN ORDINANCE ADOPTING THE OFFICIAL BUDGET FOR THE CITY
OF EULESS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1975,
AND ENDING SEPTEMBER 30, 1976; PROVIDING FOR THE INVEST-
MENT OF FUNDS; PROVIDING FOR PUBLICATION; DECLARING AN
EMERGENCY AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, ON JULY 22, 1975, THE EULESS CITY COUNCIL HELD A PUBLIC
HEARING ON ITS PROPOSED BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER
1, 1975, AND ENDING SEPTEMBER 30, 1976, AND
WHEREAS, ALL CITIZENS AND INTERESTED PERSONS WERE GIVEN AN OPPOR-
TUNITY 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;
TEXAS:
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EULESS,
SECTION 1
THAT THE OFFICIAL BUDGET FOR THE CITY OF EULESS FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 1975, AND ENDING SEPTEBER 30, 1976, 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 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 IS 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.
PRESENTED AND GIVEN FIRST READING AT A REGULAR MEETING OF THE
EULESS CITY COUNCIL ON THE 22nd DAY OF July , 1975; GIVEN
SECOND READING, PASSED AND APPROVED AT A REGULAR MEETING OF THE EULESS
CITY COUNCIL ON THE 12th DAY OF August 1975, BY A VOTE
OF __AYES AND 0 NAYS.
APPROVED:
MAYOR Fawl, �ow'
ATTEST:
CITY SECRETARY
ARfROVED AS ORM:
CITY AT NEY