ORD 418 9/5/1989CITY OF CIBOLO
AN ORDINANCE OF THE
ADOPTING THE BUDGET
BEGINNING OCTOBER 1,
30, 1990:
NO. 418
CITY OF CIBOLO, TEXAS,
FOR THE FISCAL YEAR
1989 AND ENDING SEPTEMBER
WHEREAS, notice of a public hearing on the budget for
the City of Cibilo, Texas, for the year 1989-90 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 1989-90.
Section 2: That the Mayor and the City Administrator
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
necessary 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 5th day of
September, A.D. 1989.
Mayor
ATTEST:
Ci y Secre ary