HomeMy WebLinkAboutORD 1989-061 ORDINANCE NO. 89-61
AN ORDINANCE OF THE CITY OF GRAPEVINE, TEXAS,
ADOPTING THE BUDGET FOR THE CITY OF
GRAPEVINE, TEXAS, FOR THE FISCAL YEAR
BEGINNING OCTOBER 1 , 1989 AND ENDING
SEPTEMBER 30 , 1990; PROVIDING FOR INTRA- AND
INTER-DEPARTMENTAL FUND TRANSFERS; PROVIDING
FOR INVESTMENT OF CERTAIN FUNDS; DECLARING AN
EMERGENCY AND PROVIDING AN EFFECTIVE DATE
WHEREAS, notice of a public hearing on the budget for the
City of Grapevine, Texas, for the fiscal year 1989-90 (FY90) was
heretofore published in accordance with law; and
WHEREAS, a public hearing was duly held and all interested
persons were given an opportunity to be heard for or against any
item therein.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF GRAPEVINE, TEXAS:
Section 1 . That the appropriation amounts for the FY90
budget for the different funds of the City of Grapevine are
hereby fixed as follows :
General Fund $13, 163, 459
Utility Fund (Water & Wasterwater) 6 ,593, 898
Debt Service Fund 3 , 864 , 432
� Golf Course Fund 1 , 065 ,586
CVB Fund 1 , 862 ,338
Insurance Fund 718 ,952
Firemen' s Relief & Retirement Fund 4 ,000
Capital Projects Construction Fund 13 ,866 , 806
Section 2 . That a copy of the official adopted 1989-90
budget document shall be kept on file in the office of the City
Secretary and the City Manager is hereby directed to file or
cause to be filed a true copy of the adopted budget in the office
of the County Clerks of Tarrant, Dallas and Denton, and with the
State Comptroller of Public Accounts in Austin.
Section 3 . That the City Manager be and is hereby
authorized to make intra- and inter-departmental fund transfers
during the fiscal year as becomes necessary in order to avoid
overexpenditure of a particular object code and report all fund
transfers between departments over $5, 000. 00 to the City Council.
Section 4 . That the City Manager and/or Finance Director is
authorized to invest any funds not needed for current use,
whether operating funds or bond funds in United States Treasury
Bills, Certificates of Deposit, Savings Accounts, Time Deposit
,�,� Open Accounts in Official City Depositories, or any other
investment instrument authorized in the Texas Public Funds
Investment Act of 1987 .
Section 5 . The fact that the fiscal year begins on
October 1 , 1989 requires that this ordinance be effective upon
its passage and adopted to preserve the public peace, property
health, and safety, and shall be in full force and effect from
and after its passage and adoption, and an emergency is hereby
� declared.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 12th day of September , 1989 .
APPROVED:
William D. Tate
Mayor
ATTEST:
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i da Huf
City Secretary
APPROVED AS TO FORM:
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John F. Boyle, Jr.
City Attorney
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