ORD 570 08/27/2002ORDINANCE NUMBER 5-70
AN ORDINANCE BY THE CITY COUNCIL OF THE CITY OF CIBOLO,
TEXAS, ADOPTING THE BUDGET FOR FISCAL YEAR 2002-2003,
BEGINNING OCTOBER, 1, 2002, AND ENDING SEPTEMBER 30, 2003.
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 2002-03 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 the Annual Budget,
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF 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 2002-03.
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 $5,000, during the fiscal year as becomes necessary 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 of up to $3,000, during the fiscal year as becomes necessary in order to
avoid a specific line item from exceeding 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 27th DAY OF August, 2002.
4U64
Hon. Charles Ruppert
Mayor of Cibolo
ATTEST:
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