2006-274
S:\Our Documents\Ordinances\06\Emily Fowler Library Fund OnLdoc
ORDINANCE NO. 2 OOG- 2 'it./-
AN ORDINANCE OF THE CITY OF DENTON, TEXAS DISSOLVING THE EMILY FOWLER
LIBRARY FUND BY TRANSFERRING ALL THE AMOUNTS IN THIS FUND TO THE 2006-
2007 GENERAL FUND BUDGET AT THE BEGINNING OF THAT BUDGET YEAR; AND
PROVIDING FOR AN EFFECTIVE DATE.
WHEREAS, by Resolution dated February 11,1969, the City Council created a special fund
in the City's Finance Department as a separate account to be known as the Emily Fowler Library
Fund to be used for specific purposes and subject to certain conditions in that Resolution, including
as a cost recovery resource, to provide valued library services and programs for the public; and
WHEREAS, the City Council Audit Committee has recommended that the separate Emily
Fowler Library Fund be absorbed into the general fund budget beginning in 2006-2007 and at its
meeting of July 13, 2006 the Denton Library Board unanimously approved this recommendation;
and
WHEREAS. The City Council deems it in the public interest that the Emily Fowler Library
Fund be absorbed into the general fund budget beginning in the 2006-2007 fiscal year. NOW,
THEREFORE,
THE COUNCIL OF THE CITY OF DENTON HEREBY ORDAINS:
SECTION 1. The findings and recitations contained in the preamble of this ordinance
are incorporated herein by reference
SECTION 2. That the current balance of the Emily Fowler Library Fund of
approximately $67,228.00 be transferred into the general fund budget beginning in the 2006-2007
fiscal year.
SECTION 3. This ordinance shall become effective immediately upon its passage and
approval.
, +11 L
PASSED AND APPROVED this the 20 - day of c.Se rem b:z, ,2006.
am~
R. McNEILL, MAYOR
ATTEST:
JENNIFER WALTERS, CITY SECRETARY
B~I{\~~~~" >
APPROVED AS TO LEGAL FORM:
EDWIN M. SNYDER, CITY ATTORNEY
BY: c;i-
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