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RESOLUTION NO. 9382
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
• OF NEWPORT BEACH ADOPTING THE BUDGET FOR THE
1978 -79 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 fiscal year 1978 -79; and
WHEREAS, the City Council has reviewed said prelimi-
nary 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 thereto 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 continued public
hearing on said preliminary budget on June 26, 1978, 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 fiscal year 1978 -79 as revised by the City Council
• is hereby adopted. The total approved appropriation of
$24,591,250 has been allocated to the following funds
in the amounts hereinafter shown:
•
•
General Fund
Park and Recreational
Fund
Operating
Budget
14,742,565
Library Fund
Retirement Fund
Federal Revenue Sharing
Fund
State Gas Tax Fund
(Sec. 2106)
State Gas Tax Fund
(Sec. 2107)
Arterial Highway
Financing Project
Fund
1,122,740
:O: • I
1,359,060
Contributions Fund
Building Excise Tax Fund
Water Bond I & R Fund 88,500
Water Fund 2,735,840
Marinapark Fund 43,375
TOTAL:
20,900,980
Capital Improve-
ment Budget
851,350
137,000
238,565
337,610
504,000
230,500
242,500
409,745
739,000
3.690.270
Total
Approved
Budget
15,593,915
1,259,740
808,900
1,359,060
238,565
337,610
504,000
230,500
242,500
409,745
88,500
3,474,840
43,375
24,591,250
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
-2-
public and of departments, offices and agencies of the City.
• ADOPTED this 26th day of June , 1978.
U.
ATTEST:
..
DATE, JUN 2 8 1978
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6/16/78