HomeMy WebLinkAbout2002-47 - Budget Adoption 2002-03 Fiscal YearRESOLUTION NO. 2002 - 47
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH ADOPTING THE BUDGET FOR THE 2002-
03 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 2002 -03 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 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 and the
Administrative Services 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 11, 2002, and has made such revisions in the preliminary budget as it deemed advisable; and
WHEREAS, the City Manager has the authority to approve budget increases not to
exceed $5,000 in any Budget Activity or Capital Project, in accordance with Council Policy F -3
(Budget Adoption and Administration), and
WHEREAS, the City Manager may accept donations or grants of up to $5,000 on
behalf of the City and appropriate the funds for the purpose intended, in accordance with Council
Policy F -3 (Budget Adoption and Administration), 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 2002 -03 Fiscal Year as revised by the City
Council is hereby adopted. The total approved appropriation of $159,495,775 has been allocated to the
following funds in the amounts hereinafter shown
Total Appropriations $125,017,289 $34,478,486 $0 $159,495,775
Operating
Fund
Budget
Capital Budget
Net Transfers
Total Budget
General Fund
$95,029,626
$7,132,265
$4,058,608
$106,220,499
Ackerman Fund
185,000
0
0
$185,000
CDBG Fund
196,500
2,033,500
0
$2,230,000
AQMD Fund
130,000
0
($45,000)
$85,000
NAF Fund
251,875
0
0
$251,875
SLESF - Cops Fund
165,000
0
0
$165,000
Misc. Grants Fund
55,495
0
0
$55,495
State Gas Tax Fund
0
2,274,721
($160,000)
$2,114,721
Traffic Cong. Relief Fd.
0
363,000
0
$363,000
Measure M Fund
0
2,061,605
0
$2,061,605
Bikes & Trailways
0
0
0
$0
AHRP Fund
0
980,613
0
$980,613
Tidelands Fund
1,634,025
1,466,442
($3.393,858)
($293,391)
Contribution Fund
0
5,240,319
0
$5,240,319
Circulation Fund
0
2,223,000
0
$2,223,000
Building Excise Tax Fd.
0
321,263
0
$321,263
Environmental Liab. Fd.
98,971
0
0
$98,971
Oil Spill Remediation
0
1,342,800
0
$1,342,800
Fund
Newport Annexation
1243890
0
($334,750)
$909,140
Assessment District
0
1,557,958
0
$1,557,958
Projects
CIOSA Fund
0
1,150,000
0
$1,150,000
Bonita Canyon Dev. Fd.
0
0
0
$0
Insurance Reserve Fund
4,511,624
0
0
$4,511,624
Retiree Medical Fund
1,039,500
0
0
$1,039,500
Comp. Absence Fund
1,200,000
0
0
$1,200,000
Equipment Fund
4,006,109
110,000
($125,000)
$3,991,109
Water Fund
13,416,239
5,370,000
0
$18,786,239
Wastewater Fund
1,853,435
851,000
0
$2,704,435
Cannery Village Fund
0
0
0
$0
Total Appropriations $125,017,289 $34,478,486 $0 $159,495,775
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 25 "' day of June, 2002.
see l �
MAYOR
ATTEST:
CITY CLERK
STATE OF CALIFORNIA }
COUNTY OF ORANGE } as.
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. 2002 -47 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
25th day of June, 2002, and that the same was so passed and adopted by the following vote, to wit:
Ayes: Heffernan, O'Neil, Bromberg, Glover, Adams, Proctor, Mayor Ridgeway
Noes: None
Absent: None
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 26th day of June, 2002.
(Seal)
City Clerk
Newport Beach, California