HomeMy WebLinkAbout86-52 - Adoption of 1986-87 Budget0
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RESOLUTION NO. 86 -52
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH ADOPTING THE BUDGET FOR THE
1986 -1987 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 1986 -87 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 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, 1986, 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 1986 -87 Fiscal Year as revised by the City Council
is hereby adopted. The total approved appropriation of
$80,351,025 has been allocated to the following funds in the
amounts hereinafter shown.
General Fund
Park and Recreation Fund
Library Fund
Scholarship Fund
Federal Revenue
Sharing Fund
Operating
Budget
$37,751,165
2,889,410
1,982,290
1,650
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Capital
Improvement
Budget
$11,851,720
2,760,465
52,870
Total
Approved
Budget
$49,602,885
5,649,875
1,982,290
1,650
52,870
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State Gas Tax Fund
(Section 2107)
State Gas Tax Fund
(Section 2106)
Arterial Highway Financing
Project Fund
Tide and Submerged
Lands Fund
State Gas Tax
590,710
2,003,605
1,619,435
601,315
838,840
2,003,605
1,619,435
601,315
1,429,550
(Section 2126) 443,545 443,545
Contributions Fund 7,306,175 7,306,175
Building Excise Tax Fund 608,070 608,070
Water Fund 6,641,955 2,288,190 8,930,145
Marinapark Fund 119,615 119,615
$49,976,795 $30,374,230 $80,351,025
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 this 23rd
ATTEST:
Aim Z19- Z=aam�
City Clerk
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