HomeMy WebLinkAbout88-70 - Adopting Fiscal Year 1989-99 BudgetRESOLUTION NO. 88 -70
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH ADOPTING THE BUDGET FOR THE 1988 -89
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 1988 -89 Fiscal Year; and
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 has held a public hearing on
said preliminary budget on June 13, 1988, 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; and
WHEREAS, the City Council has committed to assist in
funding construction of a 50 meter olympic swimming pool at Corona
del Mar High School by contributing $625,000.00 over a three year
period, provided the commitment of the Council is contingent upon
Council approval of a Joint Use Agreement acceptable to the City
Council and funding shall also be subject to City Council review
and evaluation of the need for City financial assistance in light
of other revenue sources such as the School District Facility Fee
imposed pursuant to Section 53080 of the Government Code.
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 1988 -89 Fiscal Year as revised by the City Council is
hereby adopted. The total approved appropriation of $94,114,200
has been allocated to the following funds in the amounts
hereinafter shown:
Capital
Total
Operating
Improvement
Approved
Budget
_ Budget
Budget
General Fund
$42,070,195
$11,235,055
$53,305,250
Park and Recreation
Fund
3,397,400
1,708,045
5,105,445
Library Fund
2,401,800
2,401,800
Scholarship Fund
1,650
1,650
Community Development
/1. Block Grant
450,215
450,215
State Gas Tax Fund
(Section 2107)
1,870,385
1,870,385
State Gas Tax Fund
(Section 2106)
1,308,210
1,308,210
Arterial Highway Financing
Project Fund
Tide and Submerged
Lands Fund
Contributions Fund
• Building Excise
Tax Fund
Water Fund
Marinapark Fund
730,875
6,887,760
60,905
$55,550,585.
350,000
661,920
17,726,655
484,440
2,768,690
$38,563,615
350,000
1,392,795
17,726,655
484,400
9,656,450
60,905
$94,114,200
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 this 27th day of June,
/f / /%e/'�
City Clerk
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