ADOPTION OF 1998-99 BUDGET

Recommendation:

It is recommended that the City Council:

1. hear public testimony regarding the 1998-99 Budget;
   
2. receive and file the questions and answers from the June 1, 1998 Budget Workshop; and

3. adopt Resolution 98- approving the 1998-99 Budget.

Background:

The City Council held a workshop on June 1, 1998 to review the 1998-99 Preliminary Budget.

Analysis:

Items from the workshop requiring further action will be agendized. Answers to questions or requests for information are attached (Exhibits 1-3). The budget has been amended to include items as requested at the workshop and funds for CIP 621, Pier Architectural Upgrades, approved at the June 9, 1998 City Council meeting (see Exhibit 4).

Staff recommends adoption of Resolution 98- , approving the 1998-99 Budget.

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RESOLUTION NO. 98-

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA ADOPTING THE BUDGET FOR THE FISCAL YEAR 1998-99

WHEREAS, a budget for the fiscal year 1998-99 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 1998-99 Fiscal Year as presented in the documents entitled "City of Hermosa Beach Budget Summary 1998-99", as amended by the City Council through June 23, 1998, and attached as "Exhibit A".

PASSED, APPROVED, and ADOPTED this 23rd day of June, 1998.

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