HomeMy WebLinkAboutORD 1992-054 ORDINANCE NO. g2-54
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AN ORDINANCE OF THE CITY COUNCIL OF THE CITY
rr,�.• OF GRAPEVINE, TEXAS ADOPTING THE BUDGET FOR
THE CITY OF GRAPEVINE, TEXAS FOR THE FISCAL
YEAR BEGINNING OCTOBER l, 1992 AND ENDING
SEPTEMBER 30, 1993; PROVIDING FOR INTRA- AND
INTER-DEPARTMENTAL FUND TRANSFER; PROVIDING
FOR INVESTMENT OF CERTAIN FUNDS; AND DECLARING
AN EMERGENCY AND PROVIDING AN EFFECTIVE DATE
WHEREAS, notice of a public hearing on the budget for the City
of Grapevine, Texas for the fiscal year 1992-93 (FY93) 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 FY93 budget
for the different funds of the City of Grapevine are hereby fixed
i� as follows:
General Fund $15, 015, 066
Utility (Water & Wastewater Fund) 8, 234,444
Debt Service Fund 4,741,566
CVB Fund 2, 163,286
Golf Fund 1,430,483
General Govt. Capital Projects Fund 13 , 222, 617
Firemen's Relief & Retirement Fund 4, 000
Fleet Fund 650, 140
Insurance Fund 1,781, 698
Heritage Foundation Fund 428,250
Section 2. That a copy of the official adopted 1992-93 budget
document shall be kept on file in the office of the City Secretary
and the Grapevine Public Library.
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 over-expenditure
of a particular object code and report all fund transfers between
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departments over $5, 000. 00 to the City Council.
Section 4. That the City Manager is 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
operating funds or bond funds in the United States Treasury Bills,
Certificates of Deposit, Savings Accounts, Time Deposits, 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,
1992 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 emergency is hereby declared.
PASSED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
GRAPEVINE, TEXAS on this the 15th day of September , 1992.
APPROVED:
William D. Tate
Mayor
�...,� ATTEST:
Linda uff
City Secretary
APPROVED AS TO FORM:
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John F. Boyle, Jr.
City Attorney
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