Ordinance 1968-08
ORDINANCE NUYiBER 68-8
AN ORDINANCE ADOPTING BUDGET AND APPROPRIATING
RESOURCES FOR THE BUDGET YEAR BEGINNING OCTOBER
1, 1968 AND ENDING SEPTEMBER 30, 1969.
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BE IT ORDA.INED BY THE CITY COUNCIL OF THE CITY OF \VYLIE,
TEXAS:
SECTION 1: That the budget estimate of the revenues
and expendi tures of the Ci ty of \!lyli e, Texas, as prepared
by the City Manager and appropriated by the City Council
for the fiscal year beginning October 1, 1968, and ending
September 30, 1969, be and is hereby adopted ind approved
as the budget for such fiscal year:
SECTION 2: That the sum of Eighty thousand four hundred
fifty five ($80,455.00) Dollars is hereby appropriated out
of the General Fund Revenues for the payment ef operating
expenses and capital outlay of the City Government, as set
forth in detail in the budget;
SECTION 3: That the sum of Twelve thousand nine hundred
sixty three ($12,963.00) Dolla.rs is hereby:. appropria ted out
of the General fund Revenues for the purpose of paying the
accruing interest and redeeming bonds as they mature during
the year on the Genera.l Fund Debt Servi ce as Ii sted in ee-
tail in the budget;
SECTION 4: That the sum of Fifty Four Thousand Six Hundred
Fifty Three ($54,653.00) Dollars is hereby appropriated out
of the Water and Sewer1Fund Revenues for the payment of
opera.ting expenses and clil.pi tal outlay of the City Government,
as set forth in detail in the budget;
SECTION 5: That the sum of Twenty Thousand Seven Hundred
Forty Seven ($20,747.00) Dollars is hereby appropriated out
of the Water and Sewer Fund Revenues for the purpose of pay-
ing the principal and interest on Revenue Bonds, Warrants and
Interest, 1956 Asset Reimbursement to the General Fund, ~ond
and Bank Fees, and In Lieu of Taxes to the General Fund, as
they mature during the year on the Utility Debt Service, as
set forth in detail in the budget;
SECTION 6: That this ordinance be in full force and effect
October 1, 1968.
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PASSED AND AFPROVED THIS THE 1 O?~;:..:~~BER
ATTEST: R. J .~all, Mayor
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Oneida Gallagher~ City Secretary
1 968 .