Page 385 - Hurst Budget FY21

ORDINANCE 2441 ( a)

AN ORDINANCE ADOPTING THE BUDGET FOR THE FISCAL YEAR
OCTOBER 1, 2020 THROUGH SEPTEMBER 30, 2021 FOR THE CITY OF
H U RST, TEXAS

WHEREAS, in accordance with Article 5 of the Hurst Charter, the City
Manager has at least 35 days prior to the beginning of the
2020- 2021 budget year to submit to the City Council a budget
and an explanatory budget message with the form and content
as prescribed by the Council. The Council determined that
public hearings should be held at a time and place which was
set forth in a notice published at least seven days prior to said
hearing; and,

WHEREAS, such public hearing on the budget was duly held and all
interested persons given an opportunity to be heard for or
against any item therein.

NOW, THEREFORE, BE IT ORDAINED BY THE CITY COUNCIL OF THE
CITY OF HURST, TEXAS:

Section 1: THAT the budget for the City of Hurst, Texas, for the fiscal
period beginning October 1, 2020, and ending September 30,
2021, in words and figures as shown therein is adopted and
approved as filed herewith.

Section 2: THAT eligible and remaining fund balances from Fiscal Year
2019- 2020, as calculated by Fiscal Services and approved by the
City Manager, are hereby appropriated and transferred to the
Special Projects Fund and other Internal Services Funds as
needed to ensure financial sustainability.

Section 3: THAT the City Manager be and is hereby authorized to make
interdepartmental and interfund transfers during the fiscal year
as deemed necessary in order to avoid over -expenditure of
particular accounts.

Section 4: THAT the City Manager or his designee be and is hereby
authorized to invest any funds not needed for current use in
accordance with the approved City of Hurst Investment Policy.
Interest accrued from investments shall be deposited to the
interest income account of the funds from which the principal
was invested.

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