HomeMy WebLinkAboutORD 09.12.1966 - Budget 1966/671032
RID
WHEREAS, I the City Manager of the City of Georgetown hsubmitted to
the City Council a proposed budget of the revenues of said City and the ex-
penses of conducting the affairs thereof and providing a cimplete financial
plan for the ensuing fiscal year, beginning September 1, 11 6, and ending
August 31, 1967, and which said proposed budget has been cimpiled from detail-
ed information obtained from the several departments and offices lof the City:
and
WHEREAS, the City Council has received said City Manager's proposed
budget, a copy of which proposed budget and all supporting schedule$ have
been filed with the City Secretary of the City of Georgetoia, and is of the
opinion that the same should be approved and adopted.
NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF IAE CITY OF
GEORGETOWN:
Section 1: That the proposed budget of the revenues f the City of
Georgetown and expenses of conducting the affairs thereof, roviding a
financial plan for the ensuing fiscal year beginning September 1, 1966,
and ending August 31, 1967, as submitted to the City Council by the City
Manager of said City, be, and the same is in all things ad ted and approved
as the budget of the current expenses as well as the fixed charges against
said City for the fiscal year beginning September 1, 1966, and ending August
31, 1967.
Section 2: That the sum of $184,915.00 is hereby app pated out of
the General Fund for the payment of operating expenses andtlapriital outlay of
33
the City Government as hereinafter itemized:
300 General Government
$ 37,605.00
400 Public Safety
50,240.00
500 Public Works
85,410.00
600 Airport
1,960.00
700 Health
5,445.00
800 Miscellaneous
4.255.00
$184,915.00
Section 3: That the sum of
$6,369.00 is hereby appropriated out of the
General Debt Service for the purpose of paying the interest due on general
obligation bonds, and creating a
sinking fund, as hereinafter itemized, to -wit:
Principal
$ 5,000.00
Interest
1.369.00
$ 6,369.00
Section 4: That the sum of
$522,999.00 is hereby appropriated out,
of the Utility 'Fund for the payment of opera Ling expenses and capital outlay
of the City Government as hereinafter itemized:
1200 Administration
44,255.00
1300 Inspection
4,480.00
1400 Electric
198,945.00
1500 Water production
26,495.00
1600 Water Distribution
28,175.00
1700 Sewer Distribution
30,345.00
1800 Sewer Treatment
6,945.00
1900 Sanitation
30,450.00
2000 Debt Service
54,270.00
2100 Transfer
98,640.,00'
Section 5: That the sum of
$54,270.00 is hereby appropriated out o'f
the Utility Fund for the purpose
of paying the accrued interest and making
the principal payments as the same
matrue on the utility system revenue
bonds, and creating the prescribed
contingent and reserve funds therefor:
Principal
30,000.00
Interest
24.270.00
54,270.00
Section 6: All ordinances or
parts of ordinances in conflict herewith,
are hereby repealed.
Section 7: 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.
aria: ri
READ, ADOPTED AND APPROVED by the I ty Counci at a regular meeting
held at the City Hall in the City
S
(September,
of Ge rgetown,Ahis 12th dayX(V7
1966.
'�e
ny C." loWxi;"ffayor
ATTEST:
rial gads, tm Seclary
APPROVED AS TO FORM:
IN
Joe B. McMaster, City Attorney