HomeMy WebLinkAboutORD 1990-057 ORDINANCE NO. 90-57
AN ORDINANCE OF THE CITY OF GRAPEVINE, TEXAS,
ADOPTING THE BUDGET FOR THE CITY OF
GRAPEVINE, TEXAS, FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 1990 AND ENDING
SEPTEMBER 30 , 1991; PROVIDING FOR INTRA- AND
INTER-DEPARTMENTAL FUND TRANSFERS; PROVIDING
� ., FOR INVESTMENT OF CERTAIN FUNDS; DECLARING AN
EMERGENCY AND PROVIDING AN EFFECTIVE DATE
�""w WHEREAS, notice of a public hearing on the budget for the
City of Grapevine, Texas, for the fiscal year 1990-91 (FY91) 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 FY91
budget for the different funds of the City of Grapevine are hereby
fixed as follows:
General Fund $14 , 581 , 244
Utility Fund (Water & Wasterwater) 8 ,798 ,078
Debt Service Fund 3 ,422, 830
Golf Course Fund 1 ,026 ,009
� CVB Fund 2 ,141 , 211
Insurance Fund 775 ,580
Firemen' s Relief & Retirement Fund 4 ,000
�' � Capital Projects Construction Fund 7 ,367 ,000
Section 2 . That a copy of the official adopted 1990-91
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 be and is hereby authorized
to approve expenditures up to $5, 000 . 00 . Any expenditures over
the $5 ,000 .00 limit require the approval of the City Council.
Section 5. That the City Manager and/or Finance Director is
authorized to invest any funds not needed for current use, whether
�-`M 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 6 . The fact that the fiscal year begins on
October 1, 1990 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 llth day of September, 1990 .
APPROVED:
"V ' _ `�--
William D. Tate
Mayor
�,„„„�, ATTEST:
�
Linda Huff
City Secretary
APPROVED AS TO FORM:
"4
�
Adrienne C. Leonard
City Attorney
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