The fiscal year of the city is hereby designated as beginning
with the first day of October of each year and ending the last day
of September next ensuing thereafter.
(1988 Code, ch. 1, sec. 3.00)
The city shall designate an official bank depository of the
city in conformance with state law. Checking accounts and saving accounts
as authorized by the city council, shall be established as said depository
with a requirement that all checks written against any such account(s)
shall require at least two signatures. The authorized persons who
may sign city checks are the mayor, mayor pro tem, one additional
city councilmember designated by the council, city manager, city secretary,
or chief of police in conformance with the adopted fiscal policy for
checks.
(Ordinance 727 adopted 10/16/17)
The city shall have its records and accounts audited annually
and shall have an annual financial statement prepared based on the
audit. Such audit and financial statement shall be filed with the
city secretary within one hundred and twenty (120) days after the
last day of each fiscal year.
(1988 Code, ch. 1, sec. 6.00)
(a)
The
city manager is hereby authorized to procure goods and services for
the city to the extent of twenty-five thousand dollars ($25,000.00)
without previous council approval.
(b)
The
city council reserves the right to examine all expenditures made accordingly.
(Ordinance 463 adopted 4/16/07)
(a)
All purchases, except as described in subsection (b), and all sales shall be made in accordance with state statutes in effect, from time to time, with respect to competitive bidding and competitive proposals, the notice and award process relating thereto, and exceptions, exemptions, and authorized alternative procedures.
(b)
In
case of accident or other circumstances creating an emergency, the
city manager may, with the consent of the city council, award contracts
and make purchases for the purpose of repairing damages caused by
such accident or avoiding such public emergency, but he/she shall
present the matter to the city council at the next regular meeting
of the city council thereafter, along with documentation of such emergency
and the necessity of such action, together with an itemized account
of all expenditures.
(Ordinance 821 adopted 6/22/20)
The budget officer shall be the city manager.
(1988 Code, ch. 1, sec. 5.01)
The city manager shall annually prepare a budget to cover all
proposed expenditures of the government of the city for the succeeding
year.
(1988 Code, ch. 1, sec. 5.02)
The budget shall show all expenditures proposed and shall be
carefully itemized so as to make as clear a comparison as practicable
between expenditures included in the proposed budget and actual expenditures
for the same or similar purposes for the preceding year. The budget
must also show as definitely as possible each of the various projects
for which appropriations are made in the budget and the budgeted sums
for each of such projects. The budget shall also contain a complete
financial statement of the city showing all outstanding obligations
of the city, the cash on hand to the credit of each and every fund,
and funds received from all sources during the ensuing year, the estimated
revenue available to cover the proposed budget, and the estimated
rate of tax, if any, which will be required.
(1988 Code, ch. 1, sec. 5.03)
The city manager shall have the authority to require any officer,
department head, or other unit of the city government to furnish such
information as may, in the city manager’s discretion, be necessary
to afford proper preparation of the proposed budget.
(1988 Code, ch. 1, sec. 5.04)
The budget shall be filed with the city secretary thirty (30)
days prior to the time the council makes its tax levy, if any, for
the current fiscal year, or as close as is practical. The budget as
filed with the city secretary shall be available for public inspection
during all reasonable business hours.
(1988 Code, ch. 1, sec. 5.05)
The city council shall hold a public hearing on the proposed
budget. Such public hearing shall occur after the fifteenth (15th)
day after the proposed budget has been filed with the city secretary
but before the city council makes its tax levy. Public notice of the
date, time and location of the hearing shall be given in accordance
with the Texas Open Meetings Law.
(1988 Code, ch. 1, sec. 5.06)
On final approval of the budget by the city council, a copy
of the budget shall be filed with the city secretary and the county
clerk’s office.
(1988 Code, ch. 1, sec. 5.07)
