ORD 506 9/14/1999ORDINANCE NUMBER '0e—
AN ORDINANCE OF THE CITY OF CIBOLO, TEXAS ADOPTING THE
BUDGET FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1999, AND
ENDING SEPTEMBER 30,2000:
WHEREAS, the City Council of the Municipality of Cibolo Texas has compiled with
all laws of the State of Texas regarding calculations of the effective tax rate; and,
WHEREAS, the City Council of the Municipality of Cibolo has met in open meeting
to set the date of adoption of the 1999-2000 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 1999-2000.
Section 2: That the Mayor or his representative is authorized to invest any funds
not needed for current City expenses 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 specific departments from exceeding 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 years as becomes
necessary 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 O� ER 1999
ATTEST: Sam Bauder, Mayor
n Roberts, City Secretary