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ORDINANCE NO. 2015- 34 <br />AN ORDINANCE OF THE CITY COUNCIL OF THE CITY <br />OF SAN MARCOS, TEXAS, ADOPTING A BUDGET IN THE <br />AMOUNT OF $187,054,822 FOR THE FISCAL YEAR <br />BEGINNING ON OCTOBER 1, 2015 AND ENDING ON <br />SEPTEMBER 3 0, 2016; AUTHORI'ZI'NG CERTAIN <br />ADJUSTMENTS TO THE BUDGET WITH THE <br />APPROVAL OF THE CITY MANAGER; APPROVING <br />FISCAL YEAR 2015 -2016 CAPITAL IMPROVEMENTS <br />PROGRAM PROJECTS; APPROVING FEES FOR <br />COMMUNITY SERVICES AND POLICE DEPARTMENT <br />SERVICES; INCLUDING PROCEDURAL PROVISIONS; <br />AND PROVIDING AN EFFECTIVE DATE <br />RECITALS: <br />1. The City Charter provides for the City Council to set the time and place of a 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 a newspaper of general circulation in the City. <br />2. The City Council set September 1, 2015 as the date of a public hearing on the <br />budget and directed the staff to publish notice of the public hearing and a budget summary for the <br />City's proposed budget for fiscal year 2015 -2016. <br />3. Notice of the public hearing and budget summary were published in a newspaper of <br />general circulation in the city on August 9, 2015. <br />4. One public hearing on the City's proposed budget for fiscal year 2015 -2016 was held <br />on September 1, 2015 and all interested persons were given an opportunity at the hearing to be <br />heard for or against any item or the amount of any item contained in the budget. <br />BE IT ORDAINED BY THE CITY COUNCIL OF THE CITY OF SAN MARCOS, <br />TEXAS: <br />SECTION 1. The City of San Marcos 2015 -2016 Budget in the amount of $187,054,822 is <br />approved and adopted for the fiscal year beginning October 1, 2015 and ending September 30, 2016. <br />A copy of the approved budget shall be kept on file in the office of the City Clerk. <br />SECTION 2. The amount shown in the City of San Marcos 2015 -2016 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 />