HomeMy WebLinkAbout759 09-27-1983ORDINANCE NO. 759
AN ORDINANCE ADOPTING THE OFFICIAL BUDGET
FOR THE CITY OF EULESS FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 1983, AND ENDING SEPTEMBER 30, 1984;
PROVIDING FOR THE INVESTMENTS OF FUNDS;
PROVIDING FOR PUBLICATION;
AND PROVIDING AN EFFECTIVE DATE.
WHEREAS, on September 13, 1983, the Euless City Council held a Public
Hearing on its proposed budget for the fiscal year beginning October 1, 1983, and ending
September 30, 1984; 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
October 1, 1983, and ending September 30, 1984, 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 hereinafter stipulated, to -wit:
(a)
For the General
Fund levied on $100 valuation ......
$0.5600
(b)
For the Interest
and Sinking Fund levied on $100
valuation..........................
...............................
$0.1400
TotalLevy ....................... ............................... $0.7000
SECTION III
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 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, 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 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.
PRESENTED AND GIVEN FIRST READING at a regular meeting of the Euless
City Council on the 13th day of September, 1983, 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 27th day of September, 1983, by a vote of ayes,
a nays, and 2 abstentions.
APPROVED:
ACS% -
Harold D. Samuels, Mayor
ATTEST:
Kay R ey, /City Secr ar
APPROVE AS TO FORM:
City Attorney
ORDINANCE NO. 759 , PAGE TWO OF TWO