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2010-002 S:\Our Documents\Ordinances\10\DCAD Ex of Funds.doc ORDINANCE NO. 2010-002 AN ORDINANCE OF THE CITY OF DENTON, TEXAS, AUTHORIZING THE EXPENDITURE OF FUNDS TO PAY THE DENTON CENTRAL APPRAISAL DISTRICT (DCAD) THE CITY OF DENTON'S PORTION OF THE BUDGET ALLOCATION IN AN AMOUNT NOT TO EXCEED $365,311.52; AND PROVIDING AN EFFECTIVE DATE. WHEREAS, the 2010 proposed budget of the Denton Central Appraisal District was submitted to the City of Denton on June 16, 2009; and WHEREAS, the proposed budget contained a list showing each proposed position, the proposed salary for the position, all benefits proposed for the position, each proposed capital expenditure, and an estimate of the amount of the budget that will be allocated to the City of Denton, Texas; and WHEREAS, the City Council approved the 2010 proposed budget on June 16, 2009 by Ordinance No. 2009-138 in the amount of $377,481.54; and WHEREAS, after finalizing the allocations, the City of Denton's annual allocation is $365,311.52 a difference of $12,170.02; NOW, THEREFORE, THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS: SECTION 1. The City Council approves the expenditure of funds of $365,311.52 for the budget of the Denton Central Appraisal District. SECTION 2. This Ordinance shall become effective immediately upon its passage and approval. PASSED AND APPROVED this the day of 2010. MARK A. BURROU i H , MAYOR ATTEST: JENNIFER WALTERS, CITY SECRETARY BY: APPR VEDA TO LEGAL FORM: ANIT BURGESS, CITY ATTORNEY BY: