HomeMy WebLinkAbout03 ADOPT BUDGET 08-18-97DATE:
~UgUSt 3.2· 3.997
NO. 3
~' .... 8-18-97
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Inter-Corn
TO: WilliamA. Huston, City Manager
FROM: Ronald A. Nault, Finance Director
SUSJEC~ RESOLUTION NO. 97-81 ADOPTING THE CITY BUDGET AND WATER
ENTERPRISE BUDGET FOR THE FISCAL YEAR 1997-98.
RECOMMENDATION:
Adopt Resolution No. 97-81 appropriating the City's Governmental Funds
of $32,185,335; Special Revenue Funds, $16,295,270; and the City's
Water Enterprise Budget of $21,131,491.
FISCAL IMPACT:
The adoption of Resolution No. 97-81 will establish the anticipated
expenditures for the City of Tustin during fiscal 1997-98 at
$69,612,096. 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 1997-98 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 97-81 reflects the budget as originally submitted.
The adoption of the State budget does not impact the City's budget.
When preparing the City budget, we did not assume that certain enhanced
local government revenues, such as a larger share of fines or a return
of a portion of local property taxes transferred to education, would be
.in/~uded in the final State budget.
Ron~ld A. Nault
Finance Director
RAN:ts
Attachment
RAN6:BudgRes.9?
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RESOLUTION 97-81
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TusTIN,
CALIFORNIAv ADOPTING THE CITY BUDGET AND APPROPRIATING
FROM THE ANTICIPATED REVENUES OF THE CITY FOR
THE FISCAL YEAR 1997-98.
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 1997-98
fiscal year, beginning July 1, 1997; 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 19'97-98". 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, 1997.
Section 2.
The following sums of money are hereby
appropriated from the anticipated revenues of
the City of Tustin for the 1997-98 fiscal
year.
GOVERNMENTAL FUNDS
General Fund
Capital Projects
Tustin Street Lighting Dist.
Tustin Landscape & Lighting Dist.
Equipment Replacement Fund
Risk Management Funds
27,556,402
2,550,981
270,000
436,352
655,500
716,100
TOTAL GOVERMENTAL FUNDS
$ 32t185v335
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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
TOTAL SPECIAL REVENUE FUNDS
207,700
655,500
175,000
148,000
461,303
3,183,932
9,343,982
580,000
1,539,853
$ 16,295,270
'WATER ENTERPRISE
Operations/Debt Service
Capital Improvements
TOTAL APPROPRIATION WATER ENTERPRISE
$ 11,112,991
10,018,500
$ 21,131,491
PASSED AND ADOPTED at a regular meeting of the City of
Tustin, California, held on the 18th day of August, 1997.
Jeffery M. Thomas
Mayor
ATTEST:
Pamela Stoker
City Clerk
RES: BuclgRe$'i. 97' .