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CC Resolution 1992-068^"B 5 RESOLUTION NO.92-68 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LA qUINTA, CALIFORNIA, ESTABLISHING THE CITY'S APPROPRIATION LIMIT FOR FISCAL YEAR 1992-93 AND APPROVING A BUDGET FOR FISCAL YEAR 1992-93. WHEREAS, a budget for the Fiscal Year 1992-93 has been prepared by the City Manager; and WHEREAS, the City Council has examined said budget and conferred with the City Manager, and has had several public meetings to receive public input; and WHEREAS, the City Council desires to adopt a budget for the fiscal year; and WHEREAS, the City Council has, after due deliberation and consideration, made such amendments in the proposed budget as it considers desirable; and WHEREAS, Section 7910 of the Government Code of the State of California provides that each year the governing body of each local jurisdiction shall, by resolution, establish its appropriations limit for the following fiscal year; and WHEREAS, the appropriations limit for the preceding Fiscal Year 1991-92 was duly and regularly established at $13,394,431 by Resolution No.91-56 of this City Council; and WHEREAS, Section 7902(b) of the government Code sets forth the method for determining the said appropriations limit, to be based upon the limit applicable for the prior fiscal year and adjusted for changes in the cost-of-living and in population. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of La Quinta, as follows: SECTION 1. The appropriations limit for the City of La Quinta established in accordance with Section 7902(b) of the California Government Code, for the fiscal year 1992-93 is $15,110,706. SECTION 2. It is hereby found and determined that in compliance with Government code Section 7910, the documentation used in the determination of said appropriations limit for fiscal year 1992-93 was available to the public in the Finance Department of the City and in the Office of the City Clerk at least fifteen days prior to this date. SECTION 3. The budget, as submitted and on file with the City Clerk, is hereby approved. SECTION 4. The City Manager shall have authority to adjust the amounts appropriated among objects within each departmental activity, and among accounts within the objects; provided however, that the total appropriations for each fund may not exceed the amounts provided in this budget resolution or any amending resolution). Said adjustments shall be made only upon written justification by the City Manager, or department head(s) responsible for the activity or activities involved. BIB] 08-04-1998-U01 03:03:33PM-U01 ADMIN-U01 CCRES-U02 92-U02 68-U02 ^"B I RESOLUTION NO. 92-** SECTION 5. Transfer of cash or unappropriated fund balance from one fund to another shall be made only upon resolution of the City Council. SECTION 6. That the prepayment of demands prior to audit by the City Council may be made by the City Manager in conformity with the authority provided by Section 37208 of the Government Code of the State of California. SECTION 7. The City Manager shall render a monthly report to the City Council on the status of City Operations as relates to the approved budget and any amendments thereto. SECTION 8. The City Council hereby affirms the fact that any funds appropriated but not spent shall accrue to the Cityts reserve/contingency fund account consistent with the City's prior practices. PASSED, APPROVED AND ADOPTED this 2lstday of July 1992, by the following vote: AYES: Council Mem*ers Bohnenberqer, Rushworth, Sniff & Mayor Pena NOES: None ABSENT: Council Member Franklin ABSTAIN: None City of I* Quint California City of La Quinta, California APPROVED AS TO FORM: * * DAWN HONEYWELL, City Attorney City of La Quinta, California BIB] 08-04-1998-U01 03:03:33PM-U01 ADMIN-U01 CCRES-U02 92-U02 68-U02