Ord 2017-048/adopting a Budget in the amount of $193,811,647 for the Fiscal Year beginning October 1, 2017 and ending September 30, 2018

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ORDINANCE NO. 2017-48 AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS, ADOPTING A BUDGET IN THE AMOUNT OF $214,053,615 FOR THE FISCAL YEAR BEGINNING OCTOBER 1, 2017 AND ENDING SEPTEMBER 3 0, 2018; AUTHORIZING CERTAIN ADJUSTMENTS TO THE BUDGET WITH THE APPROVAL OF THE CITY MANAGER; APPROVING FISCAL YEAR 2017-2018 CAPITAL IMPROVEMENTS PROGRAM PROJECTS; INCLUDING PROCEDURAL PROVISIONS; AND PROVIDING AN EFFECTIVE DATE RECITALS: 1. The City Charter provides for the City Council to set the time and place of a public hearing on the proposed budget for the City, and to cause notice of the hearing and a summary of the budget to be published in a newspaper of general circulation in the City. 2. The City Council set September 5, 2017 as the date of a public hearing on the budget and directed the staff to publish notice of the public hearing and a budget summary for the City's proposed budget for fiscal year 2017-2018. 3. Notice of the public hearing and budget summary were published in a newspaper of general circulation in the City on August 6, 2017. 4. One public hearing on the City's proposed budget for fiscal year 2017-2018 was held on September 5, 2017 and all interested persons were given an opportunity at the hearing to be heard for or against any item or the amount of any item contained in the budget. BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, TEXAS: SECTION 1. The City of San Marcos 2017-2018 Budget in the amount of$214,053,615 is approved and adopted for the fiscal year beginning October 1, 2017 and ending September 30, 2018. A copy of the approved budget shall be kept on file in the office of the City Clerk. SECTION 2. The amount shown in the City of San Marcos 2017-2018 Budget as necessary to provide for a sinking fund for the payment of the principal and interest and the retirement of the bonded debt of the City is appropriated for that purpose. SECTION 3. The City Manager is authorized to make the following adjustments to the 2017-2018 Budget without further approval from the City Council: (a) Transfers of funds among the accounts within each department; (b) Transfers of funds within an operating fund;