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HomeMy WebLinkAboutCC Reso No 2007-090RESOLUTION NO. 2007-90 RE50LUTION OF THE CTTY COUNCIL OF THE CITY OF I,AKE ELSINORE, CALIFORNIA, ADOPTING THE GENERAL FiTND OPERATING BUDGET AND LIGHTING, LANDSCAPING AND MAINTENANCE DISTRICT'S OPERATING BUDGET OF THE CITY OF LAKE ELSINORE FOR THE FISCAL YEAR 2007-2008 WHEREAS, the City of Lake Elsinore has a policy of adopting an annual operating budget to plan expenditures and to match anticipated revenues available in various City accounts in order to make the most efficient use of the city's limited resources for each fiscal year; and WHEREAS, the City of Lake Elsinore Municipal Code Section 3.04.010 defines the fiscal year for the City of Lake Elsinore as extending from July 15T of each year to and including June 30t" of the following year; and WHEREAS, on May 18, 2007 the City Council held a study session on General Fund Operating Budget and the Lighting, Landscaping and Maintenance District's Operating Budget ("LLMD Operating BudgeY') for Fiscal Year 2007- 2008 to address concerns related to the budgets. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES HEREBY RESOLVE, DETERMINE AND ORDER AS FOLLOWS: SECTION 1. The General Fund Operating Budget is a balanced budget and is hereby approved and adopted as the budget of the City of Lake Elsinore for the 2007-2008 fiscal year. SECTION 2. The LLMD Operating Budget is a balanced budget and is hereby approved and adopted as the operating budget for the Lighting, Landscaping, and Maintenance Districts of the City of Lake Elsinore for the 2007- 2008 fiscal year. SECTION 3. A copy of the General Fund Operating Budget and LLMD Operating Budget hereby adopted and certified by the Interim City Clerk, shall be filed with the City Manager or a designated representative, and a further copy so cerrified shall be placed and shall remain on file in the Office of the City Clerk where it sha11 be a~ailable for inspection. Copies of the certified budgets shall be made available for the use of departments, offices and agencies of the City. CITY COUNCIL RESOLUTION NO. 2007-90 PAGE 2 OF 2 SECTION 4. This Resolution shall take effect from and after the date of its passage and adoption. PASSED, APPROVED AND ADOPTED this 12`i' day of June, 2007, by the following vote: AYES: COUNCILMEMBERS: BUCKLEY, HICKMAN, KELLEY, SCHIFFNER, MAGEE NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE ABSTAIN: COUNCILMEMBERS: R~ert E. Magee,lvla City of Lake Elsinore ATTEST: ~ ~ ~~1 c~.~ o,~~ ~~a ~~---- Michelle Soto, Interim City Clerk City of Lake Elsinore AS T~ FJQ~dVl: B bara Zeid L ibold, City Attorney City of Lake E sinore