ORDINANCE NUMBER 468

AN ORDINANCE ADOPTING THE ANNUAL BUDGET FOR THE CITY OF GRANITE SHOALS, TEXAS, FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2006 AND ENDING SEPTEMBER 30, 2007; PROVIDING APPROPRIATIONS FOR EACH DEPARTMENT AND FUND; ESTABLISHING A DEPARTMENTAL LEVEL BUDGET WITH LINE ITEMS AS SUPPORTING DATA RATHER THAN BEING A LINE ITEM BUDGET; AND PROVIDING AN EFFECTIVE DATE.

WHEREAS, the City Manager of the City of Granite Shoals, Texas, has prepared and submitted to the City Council, in accordance with the Charter of the City of Granite Shoals, a proposed City Budget for the fiscal year beginning October 1, 2006, and ending September 30, 2007; and

WHEREAS, a public hearing was duly held and all interested persons were given an opportunity to be heard for or against any item within the proposed Budget; and

WHEREAS, after due deliberation and consideration of the proposed Budget, the City Council is of the opinion that the Budget should be approved and adopted;

BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF GRANITE SHOALS, TEXAS:

SECTION 1:

That the appropriations for the fiscal year beginning October 1, 2006 and ending September 30, 2007, for the support of the general government of the City of Granite Shoals, Texas, be fixed and determined for said terms in accordance with the expenditures shown in the City's fiscal year 2006 - 2007 Budget as filed in the office of the City Secretary.

SECTION 2:

That the Budget, as on file in the office of the City Secretary, is hereby in all respects adopted as the City's Budget for the fiscal year beginning October 1, 2006 and ending September 30, 2007 and that a true and correct copy of the Budget herein approved and adopted shall be filed for record in the office the City Secretary and it shall be part of the public records of the City of Granite Shoals, Texas.

SECTION 3:

That the City Budget for the fiscal year beginning October 1, 2006 and ending September 30, 2007 shall be deemed to be a department level budget with line item amounts as supporting data only.

SECTION 4:

This Ordinance shall become effective upon passage and adoption in accordance with State Law.

PASSED AND APPROVED by the City Council of Granite Shoals, Texas at a meeting on the ____ day of SEPTEMBER, 2006, at which a quorum was present and for which due notice was given.

__________________________

Frank M. Reilly, Mayor

ATTEST:

_______________________________

Ronda Reichle, City Secretary