HomeMy WebLinkAbout9580 - Adopting Budget for FY 1979-80RESOLUTION NO.
V :
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH ADOPTING THE BUDGET FOR THE
1979 -80 FISCAL YEAR, AND RESCINDING RESOLU-
TION NO. 9578
WHEREAS, the City Manager of the City of Newport
Beach has prepared and submitted to the City Council a
preliminary annual budget for the Fiscal Year 1979 -80; and
WHEREAS, the City Council has reviewed said prelimi-
nary 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 at least ten (10) days prior to said
hearing; and
WHEREAS, the City Council has held a continued public
hearing on said preliminary budget on June 11, 1979, 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,
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 1979 -80 as revised by the City Council
is hereby adopted. The total approved appropriation of
$28,570,800 has been allocated to the following funds in the
amounts hereinafter shown:
State Gas Tax Fund
(Sec. 2107)
465,000
465,000
Total
Operating
Capital Improve-
Approved
Budget
ment Budget
Budget
195,500
Contributions Fund
General Fund $
16,331,155
$ 1,943,760
$ 18,274,915
Park and Recrea-
Fund
259,000
259,000
tional Fund
1,295,950
53,000
1,348,950
Fund
Library Fund
894,220
396,020
894,220
85,500
Retirement Fund
1,589,920
Water Fund
1,589,220
934,930
Federal Revenue
Marinapark Fund
46,250
46,250
Sharing Fund
330,115
330,115
$ 5,441,825
State Gas Tax Fund
(Sec. 2106)
502,500
502,500
State Gas Tax Fund
(Sec. 2107)
465,000
465,000
Arterial Highway
Financing Project
Fund
195,500
195,500
Contributions Fund
362,000
362,000
Capital Improvement
Fund
259,000
259,000
Building Excise Tax
Fund
396,020
396,020
Water Bond I & R Fund
85,500
85,500
Water Fund
2,885,980
934,930
3,820,910
Marinapark Fund
46,250
46,250
TOTAL $
23,128;,975
$ 5,441,825
$ 28,570,800
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.
40 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.
BE IT FURTHER RESOLVED that Resolution No. 9580 is
-2-
hereby rescinded.
ADOPTED this 25th day of June , 1979.
ATTEST:
City Clerk
RTIfr1ED AS - ORIGINAL
CITY CLERK OF THE CITY OR NEWPORT ACH
DAVE, JUL 6 1979
Avj
Mayor
-3-
DDO /kb
6/29/79