ORD 413 9/22/1988ORDINANCE NO_ 413
CITYADOPTED: -9772 M
OF CIBOLO
AN ORDINANCE OF THE CITY OF CIBOLO,TEXAS,
ADOPTING THE BUDGET FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 1988 AND ENDING
SEPTEMBER 30, 1989; AND DECLARING THE EFFECTIVE DATE:
WHEREAS, notice of a public hearing on the budget for
the City of Cibolo, Texas, for the year 1988-89 has
heretofore been published in accordance with the law; and,
WHEREAS, it is necessary, at this time, that said
budget be adopted.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF
THE CITY OF CIBOLO, TEXAS, AS FOLLOWS:
Section 1: That the budget presented by the City
Administrator and reviewed during the public hearing is
hereby approved and adopted for the fiscal year 1988-89.
Section 2: That the City Administrator and Mayor
are authorized to invest any funds not needed for current
use, whether operating accounts or certificates of deposits,
in United States Treasury bills, or savings accounts in the
city depository. Interest accrued from such investment may be
deposited in the General Fund or Water/Sewer Fund. All of
which investments shall be in accordance with the law.
Section 3: That the City Administrator be and is
hereby authorized to make intra department fund transfers,
not to exceed $1,000., during the fiscal year as becomes
necesssary in order to avoid over expenditures of a
particular fund.
Section 4: This ordinance shall take effect and
shall be in full force and effect from and after its passage.
PASSED, APPROVED AND ADOPTED, this the 22nd day of
September, A.D., 1988.
5a ' -B
MAYOR SAM BAUDER
ATTEST:
ANN SMITH, CITY SECRETARY