Ord. 0403 1979-08-27ORDINANCE NO. 403
AN APPROPRIATION ORDINANCE ADOPTING A BUDGET FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 1979, AND ENDING SEPTEMBER 30, 1980.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
SECTION 1. That the City -Manager's proposed budget, be adopted in
compliance with provisions of Article 8 of the Home Rule Charter of the City of
Pearland, Texas, which sets forth certain very specific requirements as to the
City of Pearland.
SECTION 2. That there is herebyappropriated the sum of $2,394,928.00,
including $23,577.00 as Council Contingency Fund, to the General Fund for the
payment of operating expenses and necessary capital outlay for the City Government.
SECTION 3. That there is hereby appropriated the sum of $449,054.00
to the Interest and Sinking Fund for general debt service for the purpose of
paying the interest due on the General Obligation Bonds, Certificates of Obliga-
tion, and Warrants of the City and principal for redeeming such Bonds, Certificates
of Obligation, and Warrants as they mature.
SECTION 4. That there is hereby appropriated the sum of $678,143.00 -
to the Water and Sewer Utility Funds for operating expenses and necessary capital
outlay for the Water and Sewer Departments.
SECTION 5. That there is hereby appropriated the sum of $256,722.00
to the Water and Sewer Utility Department Service for the purpose of paying
principal and interest on Water and Sewer Revenue Bonds and a Bond Reserve.
SECTION 6. That this ordinance shall become effective from and after
its passage on second and final reading.
PASSED AND APPROVED on the FIRST READING this /3 day of
A.D., 1979
Assistant City Secretary
PASSED AND APPROVED on the SECOND AND FINAL READING/ this „ day of
A.D., 1979.
Mayor, City of Pearland, Texas
C - ENAS CE NO. 403
p Texas August 13, 1979
AltrE3: ,COuNCIIL ME?I Wilson, Mack, McComb,
Frauenberger, and Councilwoman Coppinger. I
4r . none
'a C' i:.?E RE ;';s ">>xa (Date)
gust 27, 1979
AYE` : COUNCQ aEN W i i o Mark, _McComb,
Frauenberger,andCouncilwoman Coppinger.
NOES: none