HomeMy WebLinkAbout97-57 - Budget Adoption 1997-98RESOLUTION NO. 97 - 57
• A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH ADOPTING THE BUDGET FOR THE 1997-
98 FISCAL YEAR.
WHEREAS, the City Manager of the City of Newport Beach has prepared and
submitted to the City Council a preliminary annual budget for the 1997 -98 fiscal Year;
WHEREAS, the City Council has reviewed said preliminary budget, determined the
time for the holding of a public hearing thereon, and caused a notice of said hearing to be published not
less than ten (10) days prior hereto in the official newspaper of the City, and copies of the proposed
budget were made available for inspection by the public in the Office of the City Clerk and the Finance
Department at least ten (10) days prior to said hearing; and
WHEREAS, the City Council has held a public hearing on said preliminary budget on
June 9, 1997, and has made such revisions in the preliminary budget as it deemed advisable; and
WHEREAS, all requirements of the City Charter relating to the preparation and
• consideration of the annual budget have been complied with.
NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Newport
Beach that the budget of the City of Newport Beach for the 1997 -98 Fiscal Year as revised by the City
Council is hereby adopted. The total approved appropriation of $112,106,938 has been allocated to the
following funds in the amounts hereinafter shown:
Fund
Operating
Capital
Net
Total
Budget
Budge
Transfers
Budget
General Fund
$ 65,842,836
$ 4,771,196
$4,640,883
$ 65,973,149
Ackerman Fund
185,000
0
0
185,000
CDBGFund
0
528,000
48,900
576,900
AQMD Fund
34,000
0
30,000
64,000
SLESF — Cops Fund
160,721
0
0
160,721
• State Gas Tax Fund
0
1,562,000
96,000
1,658,000
OC Combined Trans. Fd
0
735,000
86,000
827,000
Res 97 -57
Tidelands Fund
1,347,758
724,300
4,049,983
6,122,041
•Contribution Fund
Circulation Fund
0
0
8,898,958
350,000
0
8,898,958
0
350,000
CIOSA Fund
0
100,000
0
100,000
Building Excise Tax Fd
0
227,000
80,000
307,000
Environmental Liab Fd
0
0
0
0
Insurance Reserve Fund
4,152,275
0
0
4,152,275
Equipment Fund
3,488,636
65,000
250,000
3,803,636
Water Fund
11,815,751
2,784,000
0
14,599,751
Wastewater Fund
1,359,363
2,740,000
0
4,099,363
NAFF Fund
229.144
0
0
229,144
Total Appropriations
88.615.484
$23.491.454
$ 0
112.106.938
BE IT FURTHER RESOLVED that a copy of said approved budget, certified by the
City Clerk shall be filed with the persons retained by the City Council to perform auditing functions for
the Council, and a further copy shall be placed, and shall remain on file, in the Office of the City Clerk
• where it shall be available for public inspection.
BE IT FURTHER RESOLVED that the budget so certified shall be reproduced and
copies made available for the use of the public and of departments, offices and agencies of the City.
ADOPTED the 23rd day of June, 1997.
MA O
ATTEST:
Al'
• CITY CLERK
STATE OF CALIFORNIA }
• COUNTY OF ORANGE } ss.
CITY OF NEWPORT BEACH }
I, LAVONNE M. HARKLESS, City Clerk of the City of Newport Beach, California, do
hereby certify that the whole number of members of the City Council is seven; that the foregoing
resolution, being Resolution No. 97 -57, was duly and regularly introduced before and adopted by the
City Council of said City at a regular meeting of said Council, duly and regularly held on the 23rd
day of June, 1997, and that the same was so passed and adopted by the following vote, to wit:
Ayes: O'Neil, Edwards, Glover, Noyes, and Mayor Debay
Noes: None
Absent: Thomson, Hedges
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
• official seal of said City this 24th day of June, 1997.
City Clerk of the City of
Newport Beach, California
(Seal)
•