Ord. 0737 08-26-96ORDINANCE N0.737
AN APPROPRIATION ORDINANCE ADOPTING A BUDGET
FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 1996,
AND ENDING SEPTEMBER 30, 1997.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
SECTION 1 That the City Manager's estimated 1995-96 Budget and proposed
1996-97 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 hereby appropriated the sum of $12,213,859 to the
General Fund for the payment of operating expense and necessary capital outlay for the
City govemment.
SECTION 3. That there is hereby appropriated the sum of $2,297,683 to the
Interest and Sinking Fund for the general debt service for the purpose of paying the
interest due on the General Obligation Bonds and Certificates of Obligation of the City
and principal for redeeming such Bonds and Certificates of Obligation as they mature.
SECTION 4. That there is hereby appropriated the sum of $4,899,128 to the
Water and Sewer Utility Funds for operating expense and necessary capital outlay for the
Water and Sewer Departments.
SECTION 5. That there is hereby appropriated the sum of $779,199 to the Water
and Sewer Utility Department for the purpose of paying principal and interest on Water
and Sewer Revenue Bonds.
SECTION 6. That the Cary Council hereby confers upon the City Manager general
authority to contract for expenditures without further approval of the Council for all
budgeted items the cost of which do not exceed the constitutional and statutory
requirements for competitive bidding.
SECTION 7. That the City Council deems the Organizational Plan contained in
the 1996-1997 Budget to be in the best interest of the City and is hereby adopted.
SECTION 8. That this ordinance shall become effective from and after its
passage on second and final reading.
PASSED and APPROVED on FIRST READING this that,/2day of
, A.D., 1996.
Tom Reid
Mayor
ATTEST:
Yo 'l a C. Benitez
City Secretary
D on SECOND AND FINAL READING this 9i2
A.D., 1996.
ATTEST:
APPROVED AS TO FORM: