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HomeMy WebLinkAbout15 - Budget & Appropriation Limit HearingsCITY OF NEWPORT BEACH CITY COUNCIL STAFF REPORT Agenda Item No. 15 May 23, 2006 TO: HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL FROM: Administrative Services Department Dennis C. Danner, Administrative Services Director 949 - 644 -3123 ddanner@city.newport-beach.ca.us SUBJECT: 2006 -07 PROPOSED BUDGET HEARING 2006 -07 APPROPRIATION LIMIT HEARING RECOMMENDATION: It is respectfully recommended that the City Council schedule a public hearing of the City's Proposed Budget and Appropriation Limit for the 2006 -07 fiscal year on June 13, 2006, at 7:00 p.m. in the City Council Chambers, 3300 Newport Blvd., Newport Beach, CA 92663, and direct the City Clerk to publish a notice of said hearings. DISCUSSION: Pursuant to Section 1102 of the Newport Beach City Charter, the City Council is required to hold a public hearing on the City's proposed budget for the 2006 -07 fiscal year. As per Article 13B of the State Constitution, the City Council is required to hold a public hearing on the City's Appropriation Limit (Gann Limit) for the 2006 -07 fiscal year. As per the Budget Calendar, both of these public hearings are scheduled for the City Council meeting of June 13, 2006. Thereafter, the City Council is scheduled to adopt, by resolution, the City's Proposed Budget (including Checklist Items) and Appropriation Limit for the 2006 -07 fiscal year at the City Council meeting of June 27, 2006. Submitted by: Dennis C. Danner. Director Attachment: Public Notice May 23, 2006 CITY OF NEWPORT BEACH DENNIS DANNER (949) 644 -3123 LEGAL NOTICE NOTICE 1S HEREBY GIVEN THAT the City Council of the City of Newport Beach will hold a joint public hearing regarding: (1) Preliminary Budget for the 2006 -07 Fiscal Year, pursuant to Section 1102 of the Newport Beach City Charter; and, (2) the City's Appropriation Limit for the 2006 -07 Fiscal Year, pursuant to Article 13B of the State Constitution. NOTICE 1S HEREBY GIVEN THAT said public hearing will be held on the I P day of June, 2006, at the hour of 7:00 p.m. in the City Hall Council Chambers, 3300 Newport Boulevard, Newport Beach, CA 92663, at which time and place interested persons may appear and be heard thereon. TOTAL BUDGET ALL FUNDS - INCLUDING CAPITAL IMPROVEMENTS: Salaries and Benefits $104,391,495 Maintenance and Operations 52,178,534 Capital Outlay 4,315,872 Capital Improvements 41,103,101 Debt Service 3,954,147 Total Budget $205.943.149 APPROPRIATION LIMIT: Article 13B Appropriation for 2006 -07 Fiscal Year $125,314,360 Total Appropriations Subject to Limit 104,528,578 Amount Under Limit &"am 782