Ord. 0698 09-11-95•
ORDINANCE NO. 698
AN APPROPRIATION ORDINANCE ADOPTING A BUDGET FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 1995,AND ENDING SEPTEMBER 30,1996.
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF PEARLAND, TEXAS:
SECTION 1. That the City Manager's estimated 1994-95 Budget and proposed 1995-96
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 $ 11,120,813 to the General
Fund for the payment of operating expense and necessary capital outlay for the City
government.
SECTION 3. That there is hereby appropriated the sum of $ 2,095,863 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 $ 4,415,746 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 $ 226,860 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 City 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 1995-
1996 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.
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Page 2
74PASSE AND APPROVED on the FIRST READING thi e�° Yday of
, A.D., 1995.
Ci Secretary
—Otte
day o
Mayor, City of Pearland
PASSED AND,APPROVED on the SECOND AND FINAL READING this Hatt
, A.D., 1995.
Mayor, City of Pearland
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