HomeMy WebLinkAbout01 ADOPT BUDGET 08-03-98DATE:
NO. 1
August 3, 1998
8-3-98
·
Inter-Com
TO:
FROM:
SUBJECT:
William A. Huston, City Manager
Ronald A. Nault, Finance Director
RESOLUTION NO. 98-68 ADOPTING THE CITY BUDGET AND WATER ENTERPRISE
BUDGET FOR THE FISCAL YEAR 1998-99.
SUMMARY: The City Council is requested to approve the attached Resolution adopting the budgets
for the City and the Water Enterprise for Fiscal Year 1998-99.
RECOMMENDATION:
Adopt Resolution No. 98-68 appropriating the City's Governmental Funds of $36,373,446; Special
Revenue Funds, $18,654,535; and the City's Water Enterprise Budget of $15,614,075.
FISCAL IMPACT:
The adoption of Resolution No. 98-68 will establish the anticipated expenditures for the City of Tustin
during fiscal 1998-99 at $70,642,056. The adopting Resolution does not include the Assessment
District expenditures which were adopted upon establishment of the districts, nor does it include the
RDA Budget which will be adopted separately by the Redevelopment Agency.
DISCUSSION:
The Draft 1998-99 City of Tustin Program and Financial Plan was presented to the City Council in July
and the City Council has conducted two budget workshops to review the draft document. Resolution
98-68 reflects the budget as originallY submitted.
!
R0na'rd A. Nault
Finance Director
RAN:ts
Attachment
BU DG:CityOfTustin98-99BudgetAgenda.doc
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RESOLUTION 98-68
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN,
CALIFORNIA, ADOPTING THE CITY BUDGET AND APPROPRIATING
FROM THE ANTICIPATED REVENUES OF THE CITY FOR
THE FISCAL YEAR 1998-99.
WHEREAS, in accordance with Section 1415h of the Tustin City Code, the City
Manager has prepared and submitted to the City Council a Proposed Annual Budget for
the 1998-99 fiscal year, beginning July 1, 1998; and
WHEREAS, the City Council, as the legislative body of the City, has reviewed this
proposed budget.
NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve,
determine, and order as follows:
Section 1.
A certain document on file in the office of the City Clerk of the City of
Tustin, being marked and designated "City of Tustin Draft Budget 1998-99".
Said document, as prepared by the City Manager and reviewed and
adjusted by the City Council, is hereby adopted for the fiscal year
commencing July 1, 1998.
Section 2.
The following sums of money are hereby appropriated from the anticipated
revenues of the City of Tustin for the 1998-99 fiscal year.
GOVERNMENTAL FUNDS
General Fund
Capital Projects
Tustin Street Lighting District
Tustin Landscape & Lighting District
Equipment Replacement Fund
Risk Management Funds
30,092,195
4,594,951
207,000
426,100
422,000
631,200
TOTAL GOVERMENTAL FUND
36,373,446
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Page 2
City Budget
SPECIAL REVENUE FUNDS
AQMD
Asset Forfeiture
Public Safety Augmentation
Supplemental Law Enforcement
Marine Base Closure
CDBG / HCDA
Measure "M"
Gas Tax
Park Development
TOTALSPECIALREVENUEFUNDS
232,800
160,500
245,200
149,000
331,303
1,413,619
13,765,369
685,000
1,671,744
18,654,535
WATER ENTERPRISE
Operations/Debt Service
Capital Improvements
$ 9,099,030
6,615,045
TOTAL APPROPRIATION WATER ENTERPRISE $ 15,614,075
PASSED AND ADOPTED at a regular meeting of the City Council of the City of
Tustin, California, held on the 3rd day of August, 1998.
ATTEST:
Thomas R. Saltarelli
Mayor
Pamela Stoker
City Clerk