ORD 517 9/12/2000ORDINANCE NUMBER 517
ORDINANCE OF THE CITY OF CIBOLO, TEXAS ADOPTING THE BUDGET
FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2000 AND ENDING
SEPTEMBER 30, 2001:
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 2000-2001 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 2000-2001.
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 investments 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 year as becomes
necessary to avoid specific line items from exceeding authorized budget amounts.
Section 5: This Ordinance shall take effect and shall be in full force from and after
its passage.
PASSED, APPROVED AND ADOPTED, THIS 12 Tu DAY OF SEPTEMBER 2000.
Y�1
Ken Roberts, City Secretary
31u�diyo
Mayor pro Tem