ADOPTION OF 1997-98 BUDGET

Recommendation :

It is recommended that:

1. public testimony be heard regarding the 1997-98 Budget

2. the City Council adopt the 1997-98 Budget.

Background :

The City Council held a workshop on June 3, 1997 to review the 1997-98 Preliminary Budget.

Analysis :

Items from the workshop requiring further action will be agendized. Staff recommends adoption of Resolution 97- , approving the 1997-98 Budget.

RESOLUTION NO. 97-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA ADOPTING THE BUDGET FOR THE FISCAL YEAR 1997-98

WHEREAS, a budget for the fiscal year 1997-98 has been prepared by the City Manager, and;

WHEREAS, said budget incorporates expenditures for operating purposes, capital outlay and capital improvement projects, and;

WHEREAS, said final budget will include the appropriations limit and total annual appropriations subject to limitation as required by Section 37200 of the Government Code, and;

WHEREAS, the City Council has examined said budget and, after due deliberation and consideration, has made such amendments to the budget as it deems advisable.

NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA DOES RESOLVE AS FOLLOWS:

SECTION 1. That the City Council does hereby approve and adopt the revised budget for the 1997-98 Fiscal Year as presented in the documents entitled "City of Hermosa Beach Budget Summary 1997-98", as amended by the City Council through June 24, 1997, and attached as "Exhibit A".

PASSED, APPROVED, and ADOPTED this 24th day of June, 1997.

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