Ord. 0415 09-08-80ORDINANCE NO. 415
AN APPROPRIATION ORDINANCE ADOPTING A BUDGET FOR THE FISCAL
YEAR BEGINNING OCTOBER 1, 1980, AND ENDING SEPTEMBER 30, 1981.
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 $3,086,693.00
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 $ 515,011.00
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 Obli-
gation, and Warrants of the City and principal for redeeming such Bonds, Certi-
ficates of Obligation, and Warrants as they mature.
SECTION 4. That there is hereby appropriated the sum of $ 761,098.00
to the Water and Sewer Utility Funds for operating expenses and necessary capi-
tal outlay for the Water and Sewer Departments.
SECTION 5. That there is hereby appropriated the sum of $ 253,912.00
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 day of
�.� , A.D., 1980.
Mayor, City of Pearland, Texas
ATTEST:
City Secret
PASSED AND APPROVED on the SECOND REA ING on this
, A.D., 1980.
day of
Mayor, City of Pearland, Texas
ATTEST:
City Secretary