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
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$ 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