1976-042 NO
AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY OF DENTON~ TEXAS,
FOR THE FISCAL YEAR BEGINNING ON OCTOBER 1, 1976, AND ENDING ON
SEPTEMBER 30, 1977, REVISING THE BUDGET FOR THE PRECEDING FISCAL
YEAR ENDING ON SEPTEMBER 30, 1976, LEVYING TAXES FOR THE YEAR
1976 TO BE ASSESSED ON ALL TAXABLE PROPERTY WITHIN THE LIMITS OF
THE CITY OF DENTON, TEXAS, AND DECLARING AN EFFECTIVE DATE
WHEREAS, notice of a public hearing on the budget for the C~ty
of Denton, Texas, for the f~scal year 1976-1977 was heretofore pub-
l~shed at least flfteen (15) days ~n advance of said hearing, and
WHEREAS, a public hearing on the sa~d budget was duly held on
the 14th day of September, 1976, and all ~nterested persons were
glven an opportunity to be heard for or against any ltem thereof,
now, therefore,
THE CITY COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS
SECTION I.
That the budget for the C~ty of Denton, Texas, for the f~scal
year beginning Ootober 1, 1976, and ending on September 30, 1977,
in words and f~gures as shown thereln ls flnally approved and
adopted, and that sa~d budget shows Revenues of $30,611,889 and
Expendltures of $29,969,649
SECTION II
That the budget for the City of Denton, Texas, for the fiscal
year beginning on October 1, 1975, and endlng on September 30, 1976,
as shown there~n ~n words and f~gures, is hereby revised and amended
to show the words and flgures indicated as "REVISED 1975-76" ~n the
budget for the f~scal year beginning on October 1, 1976 and ending
on September 30, 1977, and to show REVISED ~EVENUES OF $27,503,121
and REVISED EXPENDITURES OF $25,712,608
SECTION III
That there shall be, and there ls hereby levied, the followlng
taxes on each One Hundred Dollar ($100 00) valuation on all taxable
property w~th~n the C~ty of Denton, Texas, to be assessed and col-
lected by the Tax Assessor and Collector for the year 1976 and sa~d
taxes are to be assessed and collected for the purposes stipulated
as follows, to-wit
(a) For the General Fund Allocation
on the $100 00 valuation $1 0938
(b) For the Interest and Redemption
Funds on outstanding bonded in-
debtedness on the $100 00
valuation 6862
Total Allocation of Levy $1 7800
The above allocation of the levy is made to Insure that deposits
in the Interest and Redemption Funds of taxes collected during the
year ending September 30, 1977, will total $851,911 00 but is not in-
tended to exceed that amount
SECTION IV
That the C~ty Manager shall cause cop~es of the budget to be
f~led with the C~ty Secretary, the County Clerk of Denton County and
the State Comptroller of Public Accounts
SECTION V
That th~s ordinance shall be effective ~mmedlately upon ~ts
passage
PASSED and APPROVED this the ~d~day of September, A D 1976
ELINOR HUGHES, MAY~R
CITY OF DENTON, TEXAS
ATTEST
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM
CITY OF DENTON, TEXAS
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