HomeMy WebLinkAbout524 09-13-1977ORDINANCE NO. 524
AN ORDINANCE ADOPTING THE OFFICIAL BUDGET FOR THE CITY
OF EULESS FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1977,
AND ENDING SEPTEMBER 30, 1978; PROVIDING FOR THE INVEST-
MENT OF FUNDS; PROVIDING FOR PUBLICATION; DECLARING AN
EMERGENCY AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, on August 23, 1977, the Euless City Council held a Public
Hearing on its proposed budget for the fiscal year beginning October 1,
1977, and ending September 30, 1978, 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;
NOW THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF EULESS,
TEXAS:
Section I
THAT the Official Budget for the City of Euless for the fiscal year
beginning October 1, 1977, and ending September 30, 1978, 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 there shall be and there is hereby levied the following taxes
on each one hundred ($100.00) dollars valuation on all taxable property
within the City of Euless, Texas, to be assessed and collected by the Tax
Assessor and Collector for the year, and collected for the purposes here-
inafter stipulated, to -wit:
(a) For the General Fund levied
on the $100.00 valuation $0.7200
(b) For the Interest and Sinking
Fund levied on the $100.00
valuation 0.2200
TOTAL LEVY $0.9400
Section III
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 expenditures, the City Manager
shall forthwith effect a like reduction in the expenditures of the several
departments.
Section IV
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 23rd day of August, 1977; GIVEN SECOND READING, passed and approved
at a regular meeting of the Euless City Council on the 13th day of September,
1977, by a vote of 4 ayes and 0 nays.
APPROVED:
ATTEST:
City Secretary
APPROVED AS TO FORM:
City Attorney