HomeMy WebLinkAbout87-93 - Budget for 1987-88 Fiscal Yearn
RESOLUTION NO.. 87 -93
A RESOLUTION OF THE CITY C :OUNCIL OF THE CITY
OF NEWPORT BEACH ADOPTING THE BUDGET FOR THE
1987 -1988 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 1987 -88 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 ha
said preliminary budget on June 22,
revisions in the preliminary budget as
WHEREAS, all requirements of
to the preparation and consideration
been complied with.
s held a public hearing on
1987, and has made such
it deemed advisable; and
the City Charter relating
of the annual budget have
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 1987 -88 Fiscal Year as revised by the City Council
is hereby adopted. The total approved appropriation of
$79,843,620 has been allocated to the following funds in the
amounts hereinafter shown.
General Fund
Park and Recreation Fund
Library Fund
Scholarship Fund
Community Development
Block Grant
Capital Total
Operating Improvement Approved
Budget Budget Budget
$399253,515 $ 7,5279170 $4697809685
3,096,060
2,155,815
1,650
2,332,230
432,000
5,428,290
2,155,815
1,650
432,000
9
Federal Revenue
Sharing Funds
229,430
229,430
State Gas Tax Fund
(Section 2107)
1,531,775
1,531,775
State Gas Tax Fund
(Section 2106)
1,305,465
1,305,465
Arterial Highway Financing
Project Fund
78,495
78,495
Tide and Submerged
Lands Fund
731,060
1,272,785
2,003,845
Contributions Fund
9,926,885
9,926,885
Building Excise Tax Fund
1,035,760
1,035,760
Water Fund
6,840,350
2,031,385
8,871,735
Marinapark Fund
61,790
61,790
$5221402240
$27,703,380
$792843,620
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.
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