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HomeMy WebLinkAbout98-50 - Adoption of 1998-99 BudgetRESOLUTION NO. 98 - 50 • A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH ADOPTING THE BUDGET FOR THE 1998- 99 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 1998 -99 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 and the Administrative Services Department 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 8, 1998, 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 1998 -99 Fiscal Year as revised by the City Council is hereby adopted. The total approved appropriation of $120,118,060.00 has been allocated to the following funds in the amounts hereinafter shown: Fund Operating Capital Net Total Budget Budget Transfers Budget General Fund $72,125,306 $4,995,000 $4,262,015 $72,858,291 Ackerman Fund 185,000 0 0 185,000 CDBG Fund 0 492,000 (96,900) 588,900 AQMD Fund 29,000 0 (35,000) 64,000 NAF Fund 229,144 0 0 229,144 • SLESF — Cops Fund 161,127 0 0 161,127 Misc. Grants Fund 57,901 0 0 57,901 State Gas Tax Fund •OC Combined Trans. Fd. Tidelands Fund Contribution Fund • Circulation Fund Building Excise Tax Fd. Environmental Liab. Fd. CIOSA Fund Bonita Canyon Dev. Fd. Insurance Reserve Fund Equipment Fund Water Fund Wastewater Fund Cannery Village Fund Total Appropriations 1 1,420,754 0 0 0 306,290 U 0 4,890,863 3,518,509 12,337,221 1,447,145 1 '`. 1: .1 4,019,000 1,466,000 833,000 2,245,000 1,150,000 485,000 0 240,000 3,650,000 0 0 2,065,000 1,769,800 0 $23.409.800 (100,000) (90,000) (3,690,115) 0 0 0 0 0 0 0 (250,000) 0 0 0 $ 0 4,119,000 1,556,000 5,943,869 2,245,000 1,150,000 485,000 306,290 240,000 3,650,000 4,890,863 3,768,509 14,402,221 3,216,945 1 1 : 1.1 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. ATTEST: ADOPTED the 22nd day of June, 1998. 4 MAYOR • 67" M • �� CITY CLERK • • • STATE OF CALIFORNIA } COUNTY OF ORANGE } CITY OF NEWPORT BEACH } as. I, LAVONNE M. HARKLESS, City Clerk of the City of Newport Beach, California, do hereby certify that the whole number of members of the City Council is seven; that the foregoing resolution, being Resolution No. 98 -50, was duly and regularly introduced before and adopted by the City Council of said City at a regular meeting of said Council, duly and regularly held on the 22nd day of June, 1998, and that the same was so passed and adopted by the following vote, to wit: Ayes: Thomson, Debay, O'Neil, Hedges, Glover, Noyes, Mayor Edwards Noes: None Absent: None Abstain: None IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the official seal of said City this 23rd day of June, 1998. (Seal) r' 42�1, A� m.11a114e,�Z -n City Clerk of the City of Newport Beach, California