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HomeMy WebLinkAboutORD 1985-052 ORDINANCE NO. 85-52 AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY GF' GRAPEVINE, TEXAS , FOR THE FISCAL YEAR BEGINNING OCTOBER 1 , 1985 AND ENDING SEPTEMBER 30 , 1986; PRGVIDING FOR INTRA- AND INTER-DEPARTMENTAL FUND TRANSFERS; PROVIDING FOR INVESTMENT OF � CERTAIN FUNDS; AND DECLARING AN EMERGENCY �� WHEREAS, notice of a public hearing on the budget for the City of Grapevine, Texas , for the fiscal year 1985-86 was hereto- fore 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 l . That the Budget, presented by the City Manager on this date and reviewed during the public hearing, be approved for the fiscal year 1985-86 . Section 2 . 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 �,,_,..,, overexpenditures of a particular account. Section 3 . That the City Manager and/or Treasurer/Finance �,� Director is authorized to invest any funds not needed for current use, whether operating funds or bond funds in the United States Treasury Bills , Certificates of Deposit, Savings Accounts, and/or Time Deposit Open Accounts in Official City Depositories . Interest accrued from such investments may be deposited in the General Fund. All of which investments shall be in accordance with law. Section 4 . The fact that the fiscal year begins on October 1 , 1985 requires that this ordinance be effective upon its passage and adopted to preserve the public peace, property, health, and safety, and shall he 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 17th day of September, 1985 . APPROVED: �.�. � Maycr -- - --__.— ATTEST: City Secretar " APPROVED AS TO FORM: �� ..-�.- , � � City Attorney �.. , �� �. : �: ... �..:':y �