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HomeMy WebLinkAbout94-61 - Budget Adoption 1994-1995RESOLUTION NO. 94 - 61 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH ADOPTING THE BUDGET FOR THE 1994 -95 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 1994 -95 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 Finance 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 13, 1994, 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 1994 -95 Fiscal Year as revised by the City council is hereby adopted. The total approved appropriation of $97,804,061 has been allocated to the following funds in the amounts hereinafter shown. Operating Budget Capital Budget Total Budget General Fund $ 60,749,975 $ 4,733,650 $ 65,483,625 Scholarship Fund 19,300 0 19,300 CDBG Fund 0 513,000 513,000 Gas Tax Fund 0 1,942,000 1,942,000 Measure "M" Fund 0 3,000,000 3,000,000 Tidelands Fund 651,636 360,925 1,012,561 Contributions Fund 0 1,658,200 1,658,200 Circulation/Trans. Fund 0 500,000 500,000 • Building Excise Tax Fund 0 100,000 100,000 SB 821 Fund 0 20,000 20,000 Water Fund 11,108,472 10,204,000 21,312,472 Marinapark Fund 204,400 0 204,400 Wastewater Fund 1,137,034 795,000 1,932,034 Asset Forfeiture Fund 263,795 0 263,795 Insurance Reserve Fund 2,873,026 0 2,873,026 Equipment Fund 2,645,153 0 2,645,153 Transfer Adjustment - 5,627,942 0 - 5,627,942 • Total Budget -------- - - - - -- $ 74,024,849 --- - - - - -- -------- - - - - -- $ 23,826,775 --- - - - - -- -------- - - - - -- $97,851,624 --- - - - - -- BE IT FURTHER RESOLVED that a copy of said approved budget, certified by the City Clerk shall be Sled 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 the 27th day of June, 1994. MAYOR ATTEST: • 06/29/9410:03 AM BUDRESO.DOC