CC RESOLUTION 4020WRESOLUTION NO. 4020
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO,
CALIFORNIA, APPROVING AND ADOPTING AN OPERATING BUDGET FOR
FISCAL YEAR 1997/98.
WHEREAS, the City Manager and the Finance Director of the City of El Segundo,
California, have heretofore presented to the City Council of said City a proposed Budget for
the above fiscal year; and
WHEREAS, the City Council did solicit public input before City Council on Tuesday,
June 3, 1997, and Tuesday, June 17, 1997 in the City Hall Council Chambers, at which time
said proposed Budget and matters pertaining thereto were heard and considered; and
WHEREAS, the City Council has now considered the said proposed Budget as so
submitted and all evidence adduced at said public discussion with reference thereto, and has
now made all changes and amendments thereto which said City Council up to this time
desires to make therein.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL SEGUNDO,
CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The original of said Preliminary Budget of the City of El Segundo,
California, for the FY 1997/98 as so submitted, amended, modified and corrected and which is
now before this Council, be placed on file in the office of the City Clerk of the City of El
Segundo, California, and open to public inspection.
SECTION 2. The City Council does hereby approve and adopt the said revised
Preliminary Budget for the FY 1997/98 as amended.
SECTION 3. The City Manager may authorize those budgetary transfers of funds
within a department necessary to provide service levels consistent with the intent of the
Council adopted budget within categories while continuing to notify Council of all such
transfers. However, budgetary transfers between categories, departments or funds in excess
of $10,000 require the approval of the City Council.
SECTION 4. It is the intent of the City Council in approving and adopting this budget
to provide a financial plan for the guidance of administrative personnel in the routine
operations of City business and for the information of the general public. Adoption of said
budget does not expressly approve expenditures of funds in excess of the purchasing
authority of the City Manager as set forth by City Ordinance and State Law.
SECTION 5. At the close of the fiscal year, unexpended appropriations in the
operating budget will be carried forward to the next fiscal year as necessary to underwrite the
expense of outstanding purchase commitments and programs. Any budgetary surplus at the
end of fiscal year 1996 -97 will be designated as Reserves for continued use in future fiscal
years for existing liabilities for compensated absences in the Employee Benefits Designated
Reserve.
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SECTION 6. The Annual Operating Budget for FY 1997198 so submitted and filed,
shall be the budget for the City of El Segundo, California, for said fiscal year.
SECTION 7. The City Clerk shall certify to the passage and adoption of this
Resolution; shall enter the same in the book of original Resolutions of said City; and shall
make a Minute of the passage and adoption thereof in the records of the proceedings of the
City Council of said City, in the Minutes of the meeting at which the same is passed and
adopted.
PASSED, APPROVED AND ADOPTED this 1st day of July 1997
I-Sandra2Jacobs, Ma
City of El Segundo alifornia
ATTESTED:
e'F
indy Mo _s n�;e
City Clerk (SEAL)
APPROVED AS TO FORM:
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M CERTIFICATION
STATE OF CALIFORNIA ]
COUNTY OF LOS ANGELES ] SS
CITY OF EL SEGUNDO )
I, Cindy Mortesen, City Clerk of the City of El Segundo, California, DO HEREBY
CERTIFY that the whole number of members of the City Council of the said City is five;
that the foregoing resolution, being RESOLUTION NO. 4020 was duly passed and
adopted by the said City Council, approved and signed by the Mayor or said City, and
attested by the City Clerk of said City, all at a regular meeting of the said Council held
on the 1st day of July, 1997, and the same was so passed and adopted by the following
vote:
AYES: Mayor Jacobs, Mayor ProTem Wernick, Councilman Weston,
and Councilman Gordon
is NOES: Councilwoman Friedkin
ABSENT: None
ABSTENTION: None
NOT PARTICIPATING: None
WITNESS MY HAND THE OFFICIAL SEAL OF SAID CITY this day of July,1997.
Cindy &t, seri Ci Clerk
of the City of El Segundo,
California
(SEAL)