HomeMy WebLinkAbout679 09-22-1981ORDINANCE NO. 679
AN ORDINANCE ADOPTING THE OFFICIAL BUDGET FOR THE
CITY OF EULESS FOR THE FISCAL YEAR BEGINNING ON
OCTOBER 1, 1981, AND ENDING ON SEPTEMBER 30, 1982;
PROVIDING FOR THE INVESTMENTS OF FUNDS; PROVIDING
FOR PUBLICATION; AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, on September 8, 1981, the Euless City Council held
a Public Hearing on its proposed budget for the fiscal year beginning
on October 1, 1981, and ending on September 30, 1982; and
WHEREAS, all citizens and interested persons were given an
opportunity 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 on October 1, 1981, and ending on September 30, 1982, 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 dollars ($100.00) 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 herein-
after stipulated, to -wit:
(a) For the General Fund levied
on the $100.00 valuation ................$0.5600
(b) For the Interest and Sinking
Fund levied on the $100.00
valuation ....... ........................$0.1400
Total Levy ...... ........................$0.7000
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 accord-
ingly.
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 expenditures, the City Manager shall forthwith effect a like reduction
in the expenditures of the several departments.
SECTION IV
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, in United States Treasury Bills or in Certificates of Deposit 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 8th day of September, 1981, by a vote of 5 ayes, 0
nays, and 0 abstentions.
GIVEN SECOND READING, PASSED, AND APPROVED at a regular meeting of the
Euless City Council on the 22nd day of September, 1981, by a vote of 5 ayes,
0 nays, and 0 abstentions.
ATTEST:
//5Z �
Kay R ey, City S et y
APPROVED:
2�PS. 1.4ae Z
Harold D. Samuels, Mayor
APPROVED S TO FORM:
City Attorney
PAGE TWO OF TWO