ORD 496 9/14/1998ORDINANCE # 496
AN ORDINANCE OF THE CITY OF CIBOLO, TEXAS ADOPTING THE BUDGET FOR
THE FISCAL YEAR BEGINNING OCTOBER 1, 1998, AND ENDING SEPTEMBER 30,
1999:
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 1998-99 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 1998-99,
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.
Section 5: This Ordinance shall take effect and shall be in full force from and after its passage.
PASSED, APPROVED AND ADOPTED, THIS 14TH DAY OF SEPTEMBER 1998.
PEOUPPI Emilio *14, WMIA 1, �
Sam Bauder, Mayor
ATTEST:
Thomas A. Newman, City Secretary
qu