HomeMy WebLinkAbout944 09-08-1987ORDINANCE NO. 944
AN ORDINANCE ADOPTING THE OFFICIAL BUDGET FOR
THE CITY OF EULESS FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 1987, AND ENDING SEPTEK-
HER 30, 1988; PROVIDING FOR THE INVESTMENTS
OF FUNDS; PROVIDING FOR PUBLICATION AND AN
EFFECTIVE DATE.
WHEREAS, on August 25, 1987, the Euless City Council held a
Public Hearing on its proposed budget for the fiscal year
beginning October 1, 1987, and ending September 30, 1988; 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:
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THAT the official budget for the City of Euless for the fiscal
year beginning October 1, 1987, and ending September 30, 1988,
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.
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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 3
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.
SECTION 4
Effective Date. this ordinance shall become effective
immediately from and after its passage as provided by the Euless
City Charter and the laws of the State of Texas.
PRESENTED AND GIVEN FIRST READING at a regular meeting of the
Euless City Council on the 25th day of August , 1987; by a
vote of 5 ayes, 0 nays, and 0 abstentions.
GIVEN SECOND AND FINAL READING at a regular meeting of the Euless
City Council on the 8th day of September, 1987, by a vote
of 5 ayes, 0 nays, and 0 abstentions.
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Harold D. Samuels, Mayor
ATTEST:
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Kay Rain y, City Secrets y
APPROVED AS TO FORM:
Bob McFarland, City Attorney
Ordinance No. 944 , Page 2 of 2