1972-042AN ORDINANCE ADOPTING THE BUDGET FOR THE CITY OF DENTON, TEXAS,
FOR THE FISCAL Y~AR BEGINNING ON OCTOBER 1, 1972, AND ENDING ON
SEPTEMBER 30, 1973, REVISING THE BUDGET FOR THE PRECEDING FISCAL
YEAR ENDING ON SEPTEMBER 30, 1972, LEVYING TAXES FOR THE YEAR
1972 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 City
of Denton, Texas, for the fiscal year 1972-1973 was heretofore pub-
llshed at least 15 days in advance of said hearing, and
WHEREAS, a public hearing on the said budget was duly held on
the 14th day of September, 1972, and all interested persons were
given an opportunity to be heard for or against any item thereof,
now therefore
THE COUNCIL OF THE CITY OF DENTON, TEXAS, HEREBY ORDAINS
SECTION I
That the budget for the City of Denton, Texas, for the fiscal
year beginning October 1, 1972, and ending on September 30, 1973,
~n words and figures as shown therein is finally approved and adopt-
ed
SECTION II
That the budget for the City of Denton, Texas, for the fiscal
year beginning on October 1, 1971, and ending on September 30, 1972,
as shown therein ~n words and figures, is hereby revised and amended
to show the words and figures indicated as "REVISED 1971-72 in the
budget for the fiscal year beginning on October 1, 1972 and ending
on September 30, 1973
SECTION III
That there shall be, and there ~s hereby levied, the following
taxes on each one hundred dollar ($100 00) valuation on all taxable
property within the City of Denton, Texas, to be assessed and col-
lected by the Tax Assessor and Collector for the year 1972 and said
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 $ 8569
(b) For the Interest and Redemption Funds on out-
standing bonded indebtedness on the $100 00
' valuation 8431
Total Allocation of Levy $1 7000
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, 1973, will total $726,281 00 but is not ln-
%ended to exceed that amount
SECTION IV
That the City Manager shall cause copies of the budget to be
filed with the City Secretary, the County Clerk of Denton County
and the State Comptroller of Public Accounts
SECTION V
That th~s ordinance shall be effective immediately upon its
passage
PASSED and APPROVED this the 14th day of September, A D 1972
BILL NEU, MAYOR
CITY OF DENTON, TEXAS
~ROOKS HOLT, CITY SECRETARY
CITY OF DENTON, TEXAS
APPROVED AS TO LEGAL FORM
W~ RALPH ~NN~, CITY ATTORNEY
CITY OF DENTON, TEXAS