ORD 475 8/27/1996ORDINANCE # 475
AN ORDINANCE OF THE CITY OF CIBOLO, TEXAS ADOPTING THE BUDGET FOR
THE FISCAL YEAR BEGINNING OCTOBER 1,-1996, AND ENDING SEPTEMBER
30, 1997:
WHEREAS, the City Council of the Municipality of Cibolo, Texas
has complied with all laws of the State of Texas regarding
calculation of an effective tax rate; and,
WHEREAS, the City Council of Cibolo has met in open meeting and
taken action to set the date of adoption of the 1996-97 City
Budget as required by the "Truth in Taxation" legislation of the
State of Texas; and,
WHEREAS, it is necessary, at this time, to adopt said Annual
Budget,
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF
CIBOLO, TEXAS, AS FOLLOWS:
Section 1: That the City Budget herein presented by the City
Administrator is hereby approved and adopted for the fiscal year
1996-97,
Section 2: That the Mayor or his representative is
authorized to invest any funds not needed for current use in
United States Treasury Bills, the State of Texas Texpool system,
or savings accounts in the City depository. Interest accrued from
such investment may be deposited in the General Fund or a
specific enterprise fund as required by accepted accounting
procedures.
Section 3: That the City Administrator be and is hereby
authorized to make inter department transfers, not to exceed
$3,000, during the fiscal year as becomes necessary in order to
avoid a specific department from exceeding its authorized budget.
Section 4: That the City Administrator be and is hereby
authorized to make intra- department transfers, not to exceed
$1,000, during the fiscal year as becomes necessary in order to
avoid a specific line item from exceeding its authorized amount.
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Section 5: This Ordinance shall take effect and shall be in
full force from and after its passage.
PASSED, APPROVED AND ADOPTED, THIS 27th DAY OF August, 1996.
ATTEST:
Mr. Rudy Farias, City Secretary
C;�
Hon. Sam Bauder, Mayor