ORD 423 9/4/1990ORDINANCE NO. _473
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AN ORDINANCE OF THE CITY OF CIBOLO, TEXAS
ADOPTING THE BUDGET FOR THE FISCAL YEAR
o' BEGINNING OCTOBER 1, 1990 AND ENDING SEPTEMBER
30, 1991:
WHEREAS,.notice of a public hearing on the budget for tho
City of Cibolo, Texas, for the year 1990-91 has heretofore been
published in accordance with the law; arid,
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 tile -public hearing is hereby
approved and adopted for the fiscal year 1990-91.
Section 2: That the Mayor and the City Administrator are
authorized to invest any funds not rjoeded 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
v•'
$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 4 hiay of
September, A.D. 1990.
Mayor*
ATTEST-
-9,j
TTEST:-9
City Secretary _
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