HomeMy WebLinkAboutORD 1980-046 ORDINANCE N0. 80-46
AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY OF
GRAPEVINE, TEXAS, FOR THE FISCAL YEAR BEGINNING
OCTOBER 1, 1980 , AND ENDING SEPTEMBER 30 , 1981;
PROVIDING FOR THE INTRA AND INTER DEPARTMENT AND
FUND TRANSFERS; PROVIDING FOR THE 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 1980-81 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 budget presented by the City Manager
reviewed during the public hearing approved for the fiscal year
1980-81.
SECTION 2 . That the City Manager be and is hereby authorized
to make intra departmental fund transfers during the fiscal year
as becomes necessary in order to avoid over expenditures of a
particular account.
SECTION 3. That the City Manager 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 Account in Official
City Depositories. Interest accrued from such investment 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, 1980 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 AN AFFIRMATIVE VOTE OF ALL MEMBERS
PRESENT ON September 2, 1980
APPROVED:
Mayor
ATTEST:
.
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City cre r
APPROVED A TO FORM:
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City Attorney