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2007-05 RESOLUTION NO. 2007-05 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA,ADOPTING A BUDGET OF ESTIMATED REVENUES AND APPROPRIATIONS FOR FISCAL YEAR 2007-2008 WHEREAS, local agency is required to adopt a budget for the subsequent fiscal year for estimated revenues and appropriations; and WHEREAS, every local governmental agency shall file with the county auditor of the county in which the agency conducts its principal operations, a budget for the fiscal year then in progress; and WHEREAS, the City Council and Staff members have thoroughly reviewed and analyzed the proposed budget in order to determine the needs of the City of Grand Terrace; NOW,THEREFORE,THE CITY COUNCIL OF THE CITY OF GRAND TERRACE DOES HEREBY RESOLVE,DECLARE,AND ORDER AS FOLLOWS: Section 1. That a budget for Fiscal Year 2007-2008,a copy of which is on file in the City Clerk's Office, is hereby adopted for the City of Grand Terrace with estimated revenues of $13,666,579, and total appropriations of$9,951,956. Section 2. That the City Clerk is hereby directed to forward a copy of this Resolution and the adopted Fiscal Year 2007-2008 Budget to the Auditor-Controller of the County of San Bernardino. ADOPTED this 22"d day of May, 2007. ATTEST: City Clerk of the City of Grand Terrace Mayor the City of Grand Terrace Terrace and of the City Council thereof and of he City Council thereof RESOLUTION NO. 2007- 05 Page 2 I BRENDA MESA, City Clerk of the City of Grand Terrace, California, do hereby certify that the foregoing resolution was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 22nd day of May, 2007 by the following vote: AYES: Councilmembers Cortes, Miller and Buchanan; Mayor Pro Tem Garcia and Mayor Ferre NOES: None ABSENT: None ABSTAIN: None Approved as to form: City Attorney City Clerk t