HomeMy WebLinkAboutORD 1986-059 ORDINANCE NO. 86-59
AN ORDINANCE ADOPTING THE BUDGET FOR THE
CITY OF GRAPEVINE, TEXAS, FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 1986 AND
ENDING SEPTEMBER 30 , 1987; PROVIDING 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 1986-87 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 1 . That the Budget, presented by the City Staff on
this date and reviewed during the public hearing, be approved for
the fiscal year 1986-87.
Section 2 . That a copy of the official adopted 1986-87
budget document shall be kept on file in the office of the City
"� � Secretary.
�,,,� 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
overexpenditures of a particular account.
Section 4 . 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 5 . The fact that the fiscal year begins on
October l , 1986 requires that this ordinance be effective upon
its passge 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 16th day of September, 1986 .
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APPROVED:
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Mayor r
ATTEST:
City Secretary
APPROVED AS TO FORM:
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City Attorney
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