HomeMy WebLinkAboutORD 69-45APPROPRIATION ORDINANCE
NO. — 4
AN ORDINANCE ENTITLED THE "ANNUAL APPROPRIATION
ORDINANCE" ADOPTING A BUDGET FOR THE ENSUING
FISCAL YEAR BEGINNING JULY 1, 1969 AND ENDING
JUNE 30, 19704 IN ACCORDANCE WITH THE CHARTER OF
THE CITY OF BEAUMONT; APPORTIONING THE FUNDS OF
THE CITY OF BEAUMONT; REPEALING ALL ORDINANCES
OR PARTS OF ORDINANCES IN CONFLICT HEREWITH.
WHEREAS, the City Manager of The City of Beaumont sub-
mitted to the City Council a budget estimate of the revenues
of said City and the expenses of conducting the affairs thereof
for the ensuing fiscal year beginning July 1, 1969, and ending
June 30, 1970; and,
WHEREAS, after notices and public hearings held in
accordance with the requirements of the Charter of The City
of Beaumont, the City Council desires to make certain changes
and increases and decreases in said budget estimate as shown
upon Exhibit "A" attached to this ordinance; and,
WHEREAS, the City Council is of the opinion that said
budget estimate, as so changed, should be approved and adopted
as required by the Charter of The City of Beaumont;
NOW, THEREFORE, BE IT ORDAINED BY THE CITY OF
BEAUMONT, TEXAS:
Section 1.
That the budget estimate, above set forth, submitted to
the City Council by the City Manager is hereby changed and
increased and decreased in the particulars set forth in Exhibit
"A" attached hereto and said budget estimate, with the changes
and increases and decreases therein as shown upon said Exhibit
"A", is in all things adopted and approved as the budget
estimate of all of the current expenses as well as the fixed
charges against said City for the fiscal year beginning the
Section 2.
That there is hereby appropriated out of the General
Fund the sum of $ 9,973,336.00 for the following purposes:
Operations $ 9,7732336.00
Contingency .........................o.... ZUU.IUUU.UU
Total........ $ 9,973,336.00
Section 3.
That there is hereby appropriated out of the following
funds the sums indicated and for the purposes stated:
(a) Sewer Revenue Fund:
Operations. ...$ 876,780.00
Payment to Interest andSinkingFund 100,000.00
Property Owner Refunds ............... 30,000.00
Total........
(b) Temperance Hall Fund
Library and Charities ...............
Section 4.
$ 1.006,780.00
$ .780.00
That there is hereby appropriated out of the Water Works
Revenue Fund the sum of $ 1,920,210.00 for the following
purposes:
Operations ............................... $ 1,133,649.00
nPbt Service ............................. 560,638_.00
Payment to General Fund., ................ 200.000.00
Property Owner Refunds ............... .. 25,000.00
Total........ $ 1,919,287.00
Section 5.
That there is hereby appropriated out of the General Debt
Service Fund the sum of $ 1,856,283.00 for the purpose of
paying the accrued interest on bonds and redeeming same as they
mature:
Bond Interest Requirements ............... $ 701,529.00
Bond Maturities .......................... 1,153,000.00
Bank Exchange Charges .................... 1;754._00_
ReserveProvision ........................ - 0 -
Total........ $ 1,856,283.00
Section 6.
All ordinances or parts of ordinances in conflict here-
with are hereby repealed.
PASSED by the City Council this day of June, 1969.
s
- Mayor -