AN
ORDINANCE ADOPTING A BUDGET FOR THE ENSUING FISCAL YEAR BEGINNING
OCTOBER 1, 2007 AND ENDING SEPTEMBER 30, 2008, IN ACCORDANCE WITH
EXISTING STATUTORY REQUIREMENTS; APPROPRIATING THE VARIOUS AMOUNTS
HEREIN; REPEALING ALL PRIOR ORDINANCES AND ACTIONS IN CONFLICT HEREWITH;
AND PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, the City Manager of the City of Bastrop
has submitted to the Mayor and Council a proposed budget of the revenues
and expenditures/expenses of conducting the affairs of said city and
providing a complete financial plan for Fiscal Year beginning October
1, 2007 and ending September 30, 2008; and,
WHEREAS, the Mayor and Council have now provided
for and conducted a public hearing on the budget as provided by law.
Now, Therefore:
BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF BASTROP,
BASTROP COUNTY, TEXAS:
That the proposed budget for the fiscal year beginning October 1,
2007 and ending September 30, 2008, as submitted to the City Council
by the City Manager and which budget is attached hereto as Exhibit
"A" is hereby adopted and approved as the budget of all
revenue and expenditures/expenses of said city for Fiscal Year 2007¬2008;
and
This Ordinance hereby appropriates $6,118,632 for the General Fund
Maintenance and Operations Budget; $1,768,001 the Interest and Sinking
Fund Requirements, $2,136,300 for the Water and Wastewater Utility
Budget, $6,366,128 for the Bastrop Power and Light Electric Utility
Budget, $1,175,500 for the Bastrop Economic Development Corporation
Budget, $2,183,264 for the Hotel/Motel Budget, $48,000 for the Fairview
Cemetery Budget, and Other Budgets described in Exhibit "A",
and
Ordinances and prior actions in conflict herewith are hereby repealed;
and
This Ordinance shall be and remain in full force and effect from and
after its final passage and publication in accordance with existing
statutory requirements, and
This Ordinance shall become effective October 1, 2007.
READ and ACKNOWLEDGED on First Reading on the 18th day of September
2007.
READ and ADOPTED on Second Reading on the 25th day of September 2007.
APPROVED:
By: Tom Scott
Mayor
ATTEST:
Teresa Valdez
City Secretary
