HomeMy WebLinkAboutORD 86-33 - Appropriations FY 1986/87ORDINANCE NO.1-. `.
APPROPRIA`l'ION ORDINANCE
AN ORDINANCE ADOPTING A BUDGET FOR THE ENSUING FISCAL
YEAR BEGINNING, SEPTEMBER 1, 1986 AND ENDING AUGUST 31
1987, IN ACCORDANCE WITH ARTICLE 689A-13, ET. SEQ. OF
THE REVISED STATUES OF TEXAS AND HOME RULE CHARTER FOR
THE CITY OF' GEORGETOWN, TEXAS. APPROPRIATING THE
VARIOUS AMOUNTS THEREOF AND REPEALING ALL ORDINANCES OR
PARTS OF ORDINANCES IN CONFLICT THEREWITH.
WHEREAS, the City Manager of the City of Georgetown has submitted
to the City Council a proposed budget ("Proposed Budget") of the
revenues of said City and the expenses of conducting the affairs
thereof and providing complete financial plan for the ensuing
fiscal year, beginning September 1, 1986, and ending August 31,
1987, and which said Proposed Budget has been complied from
detailed information obtained from the several departments and
offices of the City; and
WHEREAS, the City Council has received said City Manager's
Proposed Budget, a copy of which proposed budget and all
supporting schedules have been filed with the City Secretary of
the City of Georgetown; and
WHEREAS,
in
accordance
with article
689A-13
et. seq.
of Texas
Revised
Civil Statutes,
and
the
City of
Georgetown
Home Rule
Charter,
notice
was published
for
a public
hearing to
be held on
August
15,
1986
concerning
such
proposed
budgets
and such
hearing
was
held
on
that date,
where all
interested
persons were
given an
opportunity to be heard for or against any item or amount
thereof; and
WHEREAS, the City Council of the City of Georgetown is of the
opinion that the Proposed Budget should be approved and adopted
as the City�s Budget for the ensuing fiscal year.
THEREFORE BE ORDAINED BY THE CITY COUNCIL OF THE CITY OF
GEORGETOWN, TEXAS:
SECTION 1. The Proposed budget of the revenues of the City of
Georgetown and expenses of conducting the affairs thereof,
providing a financial plan for the ensuing fiscal year beginning
September 1, 1986 and ending August 31, 1987, as submitted to the
City Council by the City Manager of said City, be, and the same
is in all things adopted and approved as the budget of the
current revenues and expenses as well as fixed charges against
1986/87 fiscal year budget ordinance page 1 of 3
said City for the fiscal year beginning September 1, 1986 and
ending August 31, 1987. A copy of the .Budget is attached hereto
as Exhibit A, and incorporated by reference herein.
SECTION 2. That the General Fund sum of $4,063,438 is hereby
appropriated for payment of expenditures and transfers out of the
General Fund.
SECTION
3. That the sum of
$519,830
is hereby
the
Fund
appropriated out of
the
Interest and Sinking
Fund for
the
purpose
of paying the
interest
and principal due
the
to General
System Revenue bonds and
Obligation
the
prescribed
Council
Contingent
Bonds.
and
SECTION
of
the
4.
Utility
That
the
Fund
Sum
for
of $13,022,954
the payment of
is hereby appropriated out
expenditures and transfers
out
of
same
the
Utility
on
the
Fund.
System Revenue bonds and
creating
SECTION
of the
5.
Interest
That
the sum of $1,773,889 is hereby appropriated
and Sinking Fund of the purpose of paying
out
the
accrued
the
interest and
making the principal payments
as the
same
mature
Airport Fund.
on
the
Utility
System Revenue bonds and
creating
the
prescribed
Council
Contingent
Chambers
and
Reserve Funds.
City
SECTION
6. That the sum
of
$221,021 is hereby appropriated out of
the
Airport Fund for
the
payment of expenditures and transfers
out
of the Georgetown
Municipal
and transfers out
Airport Fund.
SECTION 7. That the sum of $31,826 is hereby appropriated out of
the Revenue Sharing Fund for the payment of Revenue Sharing
Expenditures.
SECTION 8. That the sum of $1,042,526 is hereby appropriated out
of Restricted Funds for payments of expenditures and transfers
out of the Restricted Funds,
SECTION 9. That the
sum
of $3,022,190
is
hereby
appropriated out
of General Capital
Projects Funds for
the
payment
of expenditures
and transfers out
of the
General Capital
Capital
Projects
Funds
SECTION
out
of
10.
the
That
Utility
the
sum of $14,363,931
Capital Projects
is hereby
Fund for
appropriated
payment of
expenditures
City
and
transfers
out of the Utility
Capital
Projects.
SECTION 11. All ordinances in conflict herewith are hereby
repealed.
SECTION 12. This ordinance shall be and remain in full force and
effect from and after its passage and approval by the City
council of the City of Georgetown.
READ,
ADOPTED
AND
APPROVED
by
the
City
Council
at a
meeting
held
at the
City
Council
Chambers
in the
City
of
Georgetown
this
15th
1986/87 fiscal year budget ordinance page 2 of 3
day of August 1986 on first reading.
REAR, ADOPTED AND APPROVED by the City Council at a meeting held
at the City Hall in the City of Georgetown this 26th day of
August 1986 on second and final reading.
ATTEST:
Jim Colbert, Mayor
r. Pat Caballero, City Secretary
APPROVED AS TO FORM:
Randy Stkmp, qty Attorney
1986/87 fiscal year budget ordinance page 3 of 3