HomeMy WebLinkAboutReso 1997-18696 COUNCIL RESOLUTION NO. 18696
(AGENCY RESOLUTION NO. 1544)
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 1,1997 AND ENDING JUNE 30,
1998
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, 1997 and ending June 30, 1998, 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 17, 1997 on the proposed
budget as required by City Charter.
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 Exhibit "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 limitations authorized by law.
BE IT FURTHER RESOLVED that the appropriations attached are approved as the
budget for the 1997-98 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 5.65% per annum which
the City Council finds and determines is the current investment poor interest rate.
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BE IT FURTHER RESOLVED that revenues received from 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,
Presented by Approved as to form by
M. Kaheny ~
~;?thynMD~ ey
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EXHIBIT A
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EXHIBIT B T~
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(continued)
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(continued)
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(continued)
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(continued)
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PASSED, APPROVED, and ADOPTED by the City Council of the City of Chula Vista,
California, this 17th day of June, 1997, by the following vote:
AYES: Councilmembers: Moot, Padilia, Rindone, Salas, and Horton
NAYES: Councilmembers: None
ABSENT: Councilmembers: None
ABSTAIN: Councilmembers: None
ATTEST:
~Authelet, City Clerk
STATE OF CALIFORNIA )
COUNTY OF SAN DIEGO )
CITY OF CHULA VISTA )
I, Beverly A. Authelet, City Clerk of the City of Chula Vista, California, do hereby certify that
the foregoing Resolution No. 18696 was duly passed, approved, and adopted by the'City
Council at a regular meeting of the Chula Vista City Council held on the 17th day of June,
1997.
Executed this 17th day of June, 1997
~Authelet, City Clerk