Page 1 - Ord 866 Adopting a revised Fiscal Year 17-18 and new proposed Fiscal Year 18-19 budget

Filed
Tarrant County Clerk's Office
Mary Louise Nicholson, County Clerk
2019-02-14

TOWN OF WESTLAKE

ORDINANCE NO. 866

AN ORDINANCE OF THE TOWN COUNCIL OF THE TOWN OF WESTLAKE, TEXAS,
REVISING THE BUDGET FOR THE 2017- 2018 FISCAL YEAR; ADOPTING THE
BUDGET FOR THE TOWN OF WESTLAKE, TEXAS FOR THE FISCAL YEAR
BEGINNING OCTOBER 1, 2018 AND ENDING SEPTEMBER 30, 2019 INCLUDING
INVESTMENT POLICY, PAY PLAN POLICY, FISCAL AND BUDGETARY POLICIES,
RESTRICTED, COMMITTED AND ASSIGNED FUND BALANCES; PROVIDING
AUTHORIZATION TO THE TOWN MANGER TO APPROVE APPROPRIATED FUNDS
UP TO $ 50, 000; PROVIDING THAT THE BUDGET TO BE KEPT IN CITY
SECRETARY' S OFFICE; PROVIDING FOR A SEVERABILITY CLAUSE; AND
PROVIDING FOR AN EFFECTIVE DATE.

WHEREAS, public notice of a public hearing on the proposed annual budget, stating the
date, time, and place and subject matter of the public hearing, was given as required by the laws of
the State of Texas and; and

WHEREAS, a public hearing was duly held and all interested persons were given an
opportunity to be heard for or against any item therein on September 24, 2018; and,

WHEREAS, as required by Texas Local Government Code 102.002, the budget officer has
prepared a municipal budget to cover the proposed expenditures of the municipal government for
the succeeding year; and,

WHEREAS, the Town Council finds that the passage of this Ordinance is in the best
interest of the citizens of Westlake.

NOW, THEREFORE, BE IT ORDAINED BY THE TOWN COUNCIL OF THE TOWN OF
WESTLAKE, TEXAS:

SECTION 1: That, all matters stated in the Recitals hereinabove are found to be true and
correct and are incorporated herein by reference as if copied in their entirety

SECTION 2: That the Town Council hereby adopts the revised budget for the fiscal year
beginning October 1, 2017 and ending September 30, 2018 as shown within Exhibit "A."

SECTION 3: That the Town Council does hereby approve the proposed Municipal Budget
attached as Exhibit " A", adopting the budget for the fiscal year beginning October 1, 2018 and
ending September 30, 2019.

SECTION 4: That the Town Council hereby gives the Town Manager authorization to
approve any appropriated funds up to the amount of$ 50, 000.

Ordinance 866
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