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RESOLUTION NO. 2005 - 37 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF <br />NEWPORT BEACH ADOPTING THE BUDGET FOR THE 2005- <br />06 FISCAL YEAR. <br />WHEREAS, the City Manager of the City of Newport Beach has prepared and <br />submitted to the City Council a preliminary annual budget for the 2005 -06 Fiscal Year; <br />WHEREAS, the City Council has reviewed said preliminary budget, determined the <br />time for the holding of a public hearing thereon, and caused a notice of said hearing to be published not <br />less than ten (10) days prior thereto in the official newspaper of the City, and copies of the proposed <br />budget were made available for inspection by the public in the Office of the City Clerk and the <br />Administrative Services Department at least ten (10) days prior to said hearing; and <br />WHEREAS, the City Council has held a public hearing on said preliminary budget on <br />June 14, 2005, and has made such revisions in the preliminary budget as it deemed advisable; and <br />WHEREAS, the City Manager has the authority to approve budget increases not to <br />exceed $5,000 in any Budget Activity or Capital Project, in accordance with Council Policy F -3 <br />(Budget Adoption and Administration), and <br />WHEREAS, the City Manager may accept donations or grants of up to $5,000 on <br />behalf of the City and appropriate the funds for the purpose intended, in accordance with Council <br />Policy F -3 (Budget Adoption and Administration), and <br />WHEREAS, all requirements of the City Charter relating to the preparation and <br />consideration of the annual budget have been complied with. <br />NOW THEREFORE, BE IT RESOLVED by the City Council of the City of Newport <br />Beach that the budget of the City of Newport Beach for the 2005 -06 Fiscal Year as revised by the City <br />Council via the Budget checklist is hereby adopted. The total approved appropriation of $186,943,165 <br />