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HomeMy WebLinkAboutORD 86-70 ORDINANCE NO. ��- 7& ENTITLED AN ORDINANCE AMENDING THE BUDGET OF THE CITY OF BEAUMONT FOR THE FISCAL PERIOD COMMENCING OCTOBER 1, 1985, AND ENDING SEPTEMBER 30, 1986, BY APPROPRIATING $1 , 100,000 AS REVENUE FROM THE DISTRIBUTION OF THE E.S .M. BANKRUPTCY AND APPROPRIATING $805,000 FROM UNAPPROPRIATED AND UNRESERVED FUND BALANCE TO ACCOUNT NO. B795, HURRICANE BONNIE DISASTER ACCOUNT; PROVIDING FOR SEVERABILITY AND PROVIDING FOR REPEAL. BE IT ORDAINED BY THE CITY OF BEAUMONT: Section 1 . The budget of the City of Beaumont for the fiscal period commencing October 1 , 1985, and ending September 30, 1986, be and the same is hereby amended by appropriating $1 , 100, 000 to revenues with the source of said funds being the distribution of monies to the City of Beaumont in the bankruptcy of E.S .M. Government Securities. Section 2 . The budget of the City of Beaumont for the fiscal period commencing October 1 , 1985, and ending September 30, 1986, be and the same is hereby amended by appropriating the sum of $805,000 from unreserved and unappropriated fund balance to Account No. B795, Hurricane Bonnie Disaster Account. Section 3 . That if any section, subsection, sentence, clause or phrase of this ordinance or the application of same to a particular set of persons or circumstances should for any reason be held to be 70 invalid, such invalidity shall in no wise affect the remaining portions of this ordinance, and to such end the provisions of this ordinance are declared to be severable. Section 4. That all ordinances or parts of ordinances in conflict herewith are repealed to the extent of the conflict only. PASSED BY THE CITY COUNCIL of the City of Beaumont this the _ day of 1986. - Mayor - 2 -