HomeMy WebLinkAboutORD 1979-051 ORDINANCE NO. 79-51
AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY
OF GRAPEVINE, TEXAS , FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 1979 AND ENDING SEPTEMBER
30 , 1980; 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 1979-80
was heretofore published in accordance with law; and
WHEREAS , a public hearing was duly held and all in-
terested 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 is hereby approved
for the fiscal year 1979-80.
SECTION 2 . That the City Manager be and is hereby
authorized to make intra and inter department fund trans-
fers 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 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 , 1979 , 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 11 , 1979 .
MAYOR PRO TEM
ATTEST:
CITY S;CRET A
APPROVED A TO FORM:
CITY ATTORNEY