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HomeMy WebLinkAboutORD 1983-055 ORLIidANCE NO. 83-55 AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY GF GRAPEVIPZE, TEXAS , FOR THE FISCAL YEAR B�GINPdING OCTOBER 1 , 1983 AND ErIDING S�PT�PIBER 30 , 1984; PROVIDITdG FOR INTRA— AND INTER—DEPARTrIENTAL FUND TRAPISFERS; PROVIDING FOR INVFSTMENT OF CERTAIN FUNDS; I AND DECLARING AN EP�IERGENCY I I t�HER�AS , notice of a public hearing on the Budget for the City of Grapevine , Texas , for the fiscal year 1983-84 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. NO�v�, 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 1983-1984. 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 P�ianager 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, Saving 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 la�a. Section 4 . The fact that the fiscal year begins on October 1 , 1983 requires that this ordinance be effective upon its passage and adopted to preserve the public peace , property, � health, and saiety, and shall be irr 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 GRAPEVIN�, TEXAS on this the 13th day of Septertber, 1983 . APPROVED: �/�' ---�� � Mayor` � ATTEST: ��C��`LL"��tJ ``-;J�'-ll->�l.r-c- City Secret�ry APPROVED AS TO FOR.1�1 AND LEGAI,ITY: �/'��-" City Attorney i