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HomeMy WebLinkAboutReso 1986-12525 RESOLUTION NO 12525 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, 1986 AND ENDING JUNE 30, 1987 AND THE PROPOSED USE OF $1,340,000 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, 1986 and ending June 30, 1987, 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 1986-87 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. -1- 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 ~1,340,000 of General Revenue Sharing entitlements be, and the same is hereby approved. Presented by Approved as to form by n D. Goss, City Man~homas ~. ~rron~ ~ity Attorney -2- 0120a ADOPTED AND APPROVED BY THE CITY COUNCIL OF THE CITY OF CHULA VISTA, CALIFORNIA, this 17th day of 0une 19 ... 86 , by the following vote, to-wit: AYES: Councilmembers Cox, Malcolm, Moore, Campbell, McCandliss NAYES: Councilmembers None ABSTAIN: Counci lmembers None ABSENT: Councilmembers None City o isfo 8× City Clerk ~/ STATE OF CALIFORNIA ) COUNTY OF SAN DIEGO ) ss. CITY OF CHULA VISTA ) I, JENNIE M. FULASZ, CMC, CITY CLERK of the City of Chulo Vista, California, DO HEREBY CERTIFY that the above and foregoing is o full, true and correct copy of RESOLUTION NO. 12525 ,and tho/ the some has not been amended or repealed DATED (secl) City Clerk CC-660 NOTICE OF HEARING CITY COUNCIL OF CHULA VISTA, CALIFORNIA NOTICE IS HEREBY GIVEN THAT PUBLIC HEARINGS WILL BE HELD BY THE CITY COUNCIL OF CHULA VISTA, CALIFORNIA TO CONSIDER THE ADOPTION OF THE BUDGET FOR FISCAL YEAR 1986-87 WHICH INCLUDES THE UTILITY USERS TAX, ESTABLISHING AN APPROPRIA- TIONS LIMIT FOR FISCAL YEAR ENDED 6/30/87 AND THE PROPOSED USE OF $1,340,000 OF GENERAL REVENUE SHARING FUNDS. THE PUBIC HE~RINGS ARE BEING HELD PURSUANT TO THE PROVISIONS OF THE CHARTER OF CHULA VISTA, SECTIONS 1000-1006 AND TO COMPLY WITH FEDERAL LAW RELATIVE TO CITIZEN INPUT FOR GENERAL REVENUE SHARING (3) CFR 51.14. A TOTAL OF $1,458,490 IS ESTIMATED TO BE AVAILABLE IN REVENUE SHARING FUNDS FOR THE 1986-87 FISCAL YEAR COMPRISED OF REVENUE SHARING APPORTIONMENTS OF $197,000 INVESTMENT EARNINGS OF $91,000 AND A CARRY-OVER BALANCE FROM PREVIOUS FISCAL YEARS OF $1,170,490. THE FOLLOWING REFLECTS THE PROPOSED USES OF GENERAL REVENUE SHARING AS IT RELATES TO THE CITY OF CHULA VISTA PROPOSED BUDGET: REVENUE SHARING PROPOSED PROPOSED USES CITY BUDGET GENERAL FUND SPECIAL REVENUE FUNDS 288,000 29,071,650 DEBT SERVICE FUNDS 4,476,830 OPEN SPACE FUNDS 670,780 TOWN CENTRE LANDSCAPING DISTRICT 337,310 BAY BOULEVARD LANDSCAPING DISTRICT 28,680 7,570 CAPITAL IMPROVEMENT PROJECTS 1,052,000 6,530,900~ COMMUNITY DEVELOPMENT BLOCK GRANT 1,148,800 TOTAL 1,340,000 42,272,520 SAID PUBLIC HEARINGS WILL BE HELD IN THE COUNCIL CHAMBER, PUBLIC SERVICES~ BUILDING, 276 FOURTH AVENUE, CHULA VISTA, CALIFORNIA ON TUESDAY, JUNE 17, 1986 AT 7 P.M. AT WHICH TIME INDIVIDUALS AND/OR GROUPS MAY PRESENT WRIT.~I~ND~{~R ORAL COMMENTS. SENIOR CITIZENS ARE ENCOURAGED TO ATTEND AND COMMENT. SUP-' PORTING DOCUMENTS ON THE PROPOSED USE OF GENERAL REVENUE SHARING FUNDS AND A COPY OF THE 1986/87 CITY OF CHULA VISTA PROPOSED BUDGET ARE AVAILABLE FOR INSPECTION IN THE OFFICE OF THE CITY CLERK, CITY HALL, 276 FOURTH AVENUE, MONDAY THROUGH FRIDAY, 8:00 TO 5:00 P.M.