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HomeMy WebLinkAbout8001 - Budget Adoptionffti_" U • RESOLUTION NO. 8001 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH ADOPTING THE BUDGET FOR THE 1973 -1974 FISCAL YEAR WHEREAS, the City Manager of the City of Newport Beach has prepared and submitted to the City Council a pre- liminary annual budget for the fiscal year 1973 -1974; and WHEREAS, the City Council has reviewed said pre- liminary 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 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 at least ten days prior to said hearing; and WHEREAS, the City Council has held a public hearing on said preliminary budget on June 11, 1973, and has made such revisions in the preliminary budget as it deemed advisable; and WHEREAS, all requirements of the City Charter re- lating 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 fiscal year 1973 -1974 as revised by the City Council is hereby adopted. The total approved appropriation of $17,507,315.00 has been allocated to the following funds in the amounts hereinafter shown: -1- n • General Fund Park & Recreation Fund Library Fund Operating Budget $ 9,659,425 799,900 498,585 Capital Improvement Budget $ 973,525 Total Approved Budget 10,632,950 799,900 498,585 Retirement Fund 621,710 621,710 State Gas Tax Fund (Section 2106) 574,500 574,500 State Gas Tax Fund (Section 2107) 256,500 256,500 Arterial Highway Financing Project Fund 425,500 425,500 Contributions Fund 65,000 65,000 Capital Improvement Fund 919,500 919,500 Building Excise Tax Fund 406,470 4065470 Water Bond I &R Fund 97,325 973325 Water Fund 1,6639485 518,000 2,181,485 Mari napark Fund, 27,890 27,890 TOTAL $ 13,368,320 $ 4,138,995 $17,507,315 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 func- tions 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 11th day of June , 1973. Mayor ATTEST: 6a+�a k/ /ag two City Clerk IED AS Y AL dm Int MY CLERIC OF -THE CHYOF NE T REACH 6/11/73 ®aTs �yR1 5 1973