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HomeMy WebLinkAboutReso 1998-19067 RESOLUTION NO. 19067 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CHULA VISTA APPROVING ADOPTION OF THE FINAL OPERATING AND CAPITAL BUDGETS OF THE CITY OF CHULA VISTA FOR THE FISCAL YEAR BEGINNING JULY 1,1998 AND ENDING JUNE 30, 1999 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, 1998 and ending June 30, 1999, 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 noticed public hearing was held on June 23, 1998 on the proposed budget as required by City Charter. WHEREAS, during the preliminary budget hearings Councilmember Rindone rendered a no vote on the CATV and Ruth Chapman Performing Arts Center items. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Chula Vista that there is hereby appropriated out of the resources, including prospective revenues, of the City of Chula Vista for municipal purposes and for use by the various departments, the amounts shown in Attachment "A", attached hereto and incorporated herein by reference as if set forth herein in full. The City Council finds that all appropriations contained in this resolution are within the legal spending linaitations authorized by law. BE IT FURTHER RESOLVED that the appropriations attached are approved as the budget for the 1998-99 fiscal year. The City Manager and the Director of Finance are hereby jointly authorized to transfer appropriations as set forth in Council Policy No. 220-02 "Financial Reporting and Transfer Authority". 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 permitted by law for charter cities. BE IT FURTHER RESOLVED that the interfund transfers described on Exhibit B, attached hereto and made a part hereof, are hereby authorized; and any such interfund transfers described thereon as loans shall bear interest at the rate of 5.9% per annum which the City Council finds and determines is the current investment pool interest rate. BE IT FURTHER RESOLVED that revenues received froin Developer Deposit Funds for projects for which consultants rather than City officers or employees are engaged are hereby continuously appropriated to the Developer Deposit Fund. Resolution 19067 Page 2 BE IT FURTHER RESOLVED THAT THE FINAL VOTE OF THE City Council on this resolution shall reflect Councilmember Rindone's no vote on the CATV and Ruth Chapman Performing Arts items. Presented by Approved as to form by City Manager ~y Resolution 19067 Page 3 Attachment A GENERAL FUND REVENUE SUMMARY FY 98-99 PROPOSED Beginning Fund Balance 0 Property Taxes 9,278,000 Other Local Taxes 23,305,890 License 2,147,900 Fines, Forfeitures and Penalties 661,050 Revenue from Money and Property 1,027,010 Revenue from Other Agencies 10,190,541 Charges for Current Services 3,646,751 Other Revenues 10,794,638 Interfund Transfers 5,047,578 Totals: $66,099,358 DEPARTMENT EXPENDITURE SUMMARY City Council $413,156 Boards and Commissions 48,738 Community Promotions 242,513 City Attorney 1,034,570 City Clerk/Elections 301,037 Administration 904,452 Management and Information Services 1,159,413 Human Resources 958,346 Community Development 1,307,547 Finance 1,660,432 Planning Department 1,857,144 Insurance 855,020 Non-Departmental 2,824,961 Police 21,927,051 Fire Department 7,742,090 Building &Housing 1,291,185 Public Works Department 11,945,320 Parks, Recreation and Open Space 5,626,294 Library Operations 3,999,250 Total: $66,098,519 Ending Fund Balance $839 Resolution 19067 Page 4 PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista, California, this 23rd day of June, 1998, by the following vote: AYES: Councilmembers: Moot, Padilia, Rindone, Salas and Horton NAYES: Councilmembers: Rindone on CATV and Ruth Chapman Performing Arts ABSENT: Councilmembers: None ABSTAIN: Councilmembers: None ATTEST: Beverly/~,j~)Authelet, City Clerk STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) CITY OF CHULA VISTA ) I, Beverly A. Authelet, City Clerk of Chula Vista, California, do hereby certify that the foregoing Resolution No. 19067 was duly passed, approved, and adopted by the City Council at a regular meeting of the Chula Vista City Council held on the 23rd day of June, 1998. Executed this 23rd day of June, 1998. Beverly A.l~uthe~et, City Clerk