Ord. 0541 09-14-87ORDINANCE NO. 541
AN APPROPRIATION ORDINANCE ADOPTING A BUDGET FOR THE
FISCAL YEAR BEGINNING OCTOBER 1, 1987, AND ENDING
SEPTEMBER 30, 1988.
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 hereby appropriated the sum of
$5,130,497 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
$2,502,485 to the Interest and Sinking Fund for general debt service
for the purpose of paying the interest due on the General Obligation
Bonds and Certificates of Obligation of the City and princial for
redeeming such Bonds and Certificates of Obligation as they mature.
SECTION 4. That there is hereby appropriated the sum of
$1,905,101 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
$218,570 to the Water and Sewer Utility Department for the purpose of
paying principal and interest on Water and Sewer Revenue Bonds.
SECTION 6. That this ordinance shall become effective from
and after its passage on second and final reading.
PASSED AND APPROVED on first reading this
GC , A. D., 1987.
ATTEST:
City Se etary
Mayor
day of
1
day of
ATTEST:
PASSED AND APPROVED on second and final reading this
et
CityS ietary
APPROVED AS TO FORM:
4y42 Arney
zitt,
, A. D., 1987.
t.
Mayor
2