HomeMy WebLinkAboutReso 1987-13114 RESOLUTION NO 13114
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
CHULA VISTA APPROVING THE ADOPTION OF THE FINAL
BUDGET OF THE CITY OF CHULA VISTA FOR THE FISCAL
YEAR BEGINNING JULY 1, 1987 AND ENDING JUNE 30,
1988 AND THE PROPOSED USE OF $103,760 OF THE
GENERAL REVENUE SHARING ENTITLEMENTS
The City Council of the City of Chula Vista does hereby
resolve as follows:
WHEREAS, pursuant to the provisions of the Charter of the
City of Chula Vista, Sections 1004 and 1005, the City Council is
required to adopt a budget for the fiscal year beginning July 1,
1987 and ending June 30, 1988, and
WHEREAS, the City Manager has prepared and filed with the
City Clerk his proposed budget, and
WHEREAS, due notice has been given by the City Clerk, as
required by law, that said proposed budget is on file and open to
anyone interested, and
WHEREAS, a hearing has been held on said proposed budget
as required by law, and
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Chula Vista that there is hereby appropriated out of the
treasury of the City of Chula Vista for municipal purposes and for
use by the various departments, the amounts shown in Exhibit "A",
attached hereto and incorporated herein by reference as if set
forth fully and all appropriations contained in this resolution are
within the legal spending limitations authorized by law.
BE IT FURTHER RESOLVED that the appropriations attached
are approved as the budget for the 1987-88 fiscal year and that the
City Manager and the Director of Finance be authorized to transfer
appropriations within control accounts for all services and to
transfer appropriations between control accounts for Employee
Services only.
BE IT FURTHER RESOLVED that all proceeds of tax revenues
received in excess of the budget estimate are hereby appropriated
up to the legal spending limit to the reserve for contingency
account of the applicable fund.
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BE IT FURTHER RESOLVED that the Director of Finance may,
from time to time, invest temporarily idle funds from any one fund
in legal investments provided by law for charter cities.
BE IT FURTHER RESOLVED that all other finance sources and
uses shown in Exhibit B are hereby authorized for all funds.
BE IT FURTHER RESOLVED that the proposed use of $103,760
of General Revenue Sharing entitlements be, and the same is hereby
approved.
BE IT FURTHER RESOLVED that loans made to the
Redevelopment Agency in FY 1986-87 and FY 1987-88 are to carry a
twelve percent (12%) interest rate per annum and shall be repaid
when the Agency has available funds.
Presented by Approved as to form by
J%D. Goss, City Manager ~ J. ron, City Attorney
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0120a
ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF
CHULA VISTA, CALIFORNIA, this 23rd dl~/Of June
19 87 , by the following vote, to-wit:
AYES: Counci]members McCandliss, Cox, Moore, I',Tader, Malcolm
NAYES: Counci]members None
ABSTAIN: Councilmembers None
None
ABSENT: Counci 1 members
~Chula Vista
ATTEST ~ ~ (~~/"" ~ ' City ClerR
SLATE OF CALIFORNIA )
COUNTY OF SAN DIEGO ) ss.
CITY OF CHULA VISTA )
I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chula Vista, California,
DO HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of
RESOLUTION N0. 13114 ,and that the some has not been amended or repealed
DATED
~ City Clerk
CIW OF
[HULA VISTA
CC-660
EXHIBIT A
EXHIBIT B
(rev. 6/22/87)