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
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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:
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Maycr -- - --__.—
ATTEST:
City Secretar "
APPROVED AS TO FORM:
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City Attorney
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