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0 <br />• <br />RESOLUTION NO. 86 -52 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF NEWPORT BEACH ADOPTING THE BUDGET FOR THE <br />1986 -1987 FISCAL YEAR. <br />WHEREAS, the City Manager of the City of Newport Beach <br />has prepared and submitted to the City Council a preliminary <br />annual budget for the 1986 -87 Fiscal Year; <br />WHEREAS, the City Council has reviewed said preliminary <br />budget, determined the time for the holding of a public hearing <br />thereon, and caused a notice of said hearing to be published not <br />less than ten (10) days prior hereto in the official newspaper of <br />the City, and copies of the proposed budget were made available <br />for inspection by the public in the Office of the City Clerk at <br />least ten (10) days prior to said hearing; and <br />WHEREAS, the City Council has held a public hearing on <br />said preliminary budget on June 9, 1986, and has made such <br />revisions in the preliminary budget as it deemed advisable; and <br />WHEREAS, all requirements of the City Charter relating <br />to the preparation and consideration of the annual budget have <br />been complied with. <br />NOW, THEREFORE, BE IT RESOLVED by the City Council of <br />the City of Newport Beach that the budget of the City of Newport <br />Beach for the 1986 -87 Fiscal Year as revised by the City Council <br />is hereby adopted. The total approved appropriation of <br />$80,351,025 has been allocated to the following funds in the <br />amounts hereinafter shown. <br />General Fund <br />Park and Recreation Fund <br />Library Fund <br />Scholarship Fund <br />Federal Revenue <br />Sharing Fund <br />Operating <br />Budget <br />$37,751,165 <br />2,889,410 <br />1,982,290 <br />1,650 <br />-1- <br />Capital <br />Improvement <br />Budget <br />$11,851,720 <br />2,760,465 <br />52,870 <br />Total <br />Approved <br />Budget <br />$49,602,885 <br />5,649,875 <br />1,982,290 <br />1,650 <br />52,870 <br />