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<br />97. <br /> <br />ORDINANCE NO. 2003- <br /> <br />'51 <br /> <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY OF SAN <br />MARCOS, TEXAS, ADOPTING A BUDGET FOR THE FISCAL YEAR <br />BEGINNING ON OCTOBER 1,2003 AND ENDING ON SEPTEMBER 30, <br />2004; AUTHORIZING CERTAIN ADJUSTMENTS TO THE BUDGET WITH <br />THE APPROVAL OF THE CITY MANAGER; APPROVING FISCAL YEAR <br />2003-2004 CAPITAL IMPROVEMENTS PROGRAM PROJECTS; <br />INCLUDING PROCEDURAL PROVISIONS; AND DECLARING AN <br />EMERGENCY. <br /> <br />RECITALS: <br /> <br />Q ~ <br />Q' 0 » I,'. <br />g, - ~ ~." <br />~ ~ <:> ~r= <br />::J~ ~ ~m <br />~:D ~ ~O <br />a" c:::> tb <br />Q (,,¡,,) ลก: <br />(I) <br /> <br />1. TI1e City Charter provides for the City Council to set a time and place of public <br />hearing on the proposed budget for the City and to cause notice of the hearing and a summary of <br />the budget to be published in one or more newspapers of general circulation in the City. <br /> <br />2. The City Council at its regular meeting on June 23, 2003, set the date of this hearing <br />and directed the notice and budget summary be published. <br /> <br />3. The notice and budget summary were published in at least one newspaper of general <br />circulation in the City on .Tn' y 28 , 2003, prior to the date set for the public hearing <br />011 the budget for the City for the fiscal year begim1Ìng October 1, 2003 and ending September <br />30, 2004. <br /> <br />4. The public hearing on the budget was held on August 11, 2003, a time at which all <br />interested persons were given an opportunity to be heard for or against any item or the amount of <br />any item contained in the budget. <br /> <br />5. At least fourteen days have elapsed since the public hearing on the budget as required <br />by the City Charter. <br /> <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br /> <br />SECTION 1. The City of San Marcos 2003-2004 Budget is approved and adopted for the <br />fiscal year beginning October 1,2003 and ending September 30, 2004. <br /> <br />SECTION 2. The amount shown in the City of San Marcos 2003-2004 Budget as <br />necessary to provide for a sinking fund for the payment of the principal and interest and the <br />retirement of the bonded debt of the City is appropriated for that purpose. <br /> <br />C:\TEMP\Budget adoption.doc <br />