HomeMy WebLinkAbout96-44 - Budget for FY 1996-97RESOLUTION NO. 96 - 44
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH ADOPTING THE BUDGET FOR THE 1996-
97 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 1996 -97 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 10, 1996, 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 1996 -97 Fiscal Year as revised by
the City Council is hereby adopted. The total approved appropriation of $136,704,702 has been
allocated to the following funds in the amounts hereinafter shown:
Fund
Operating
Capital
Net
Total
Budeet
Budeet
Transfers
Budeet
General Fund
$ 63,570,868
$ 4,522,600
$- 5,000,281
$ 63,093,187
Ackerman Fund
185,000
0
0
185,000
CDBG Fund
0
534,000
48,900
582,900
AQMD Fund
34,000
0
30,000
64,000
State Gas Tax Fund
0
1,885,000
96,000
1,981,000
OC Combined Trans. Fd
0
12,976,262
86,000
13,062,262
Tidelands Fund
1,208,408
349,560
4,409,381
5,967,349
Contribution Fund
0
8,189,546
0
8,189,546
Circulation Fund
0
4,484,823
0
4,484,823
CIOSA Fund
0
4,074,369
0
4,074,369
Building Excise Tax I'd
• Insurance Reserve Fund
0
3,410,481
134,000
0
80,000
0
214,000
3,410,481
Equipment Fund
3,610,514
110,000
250,000
3,970,514
Water Fund
13,848,854
9,837,500
0
23,686,354
Wastewater Fund
1,334,889
2,285,000
0
3,619,889
NAFF Fund
119,028
0
0
119,028
Total Appropriations
$87,322,042
$49,382,660
$ 0
$136,704,702
Res. No. 96 -44
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 24th day of June, 1996.
ATTEST:
CITY CLERK
08/06/96 05:25 PM BUDRESO.DOC
•