1998-11 RESOLUTION NO. 98- 11
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAND TERRACE, CALIFORNIA, ADOPTING A BUDGET OF
ESTIMATED REVENUES AND EXPENDITURES FOR FISCAL
YEAR 1998-99
WHEREAS,local agency is required to adopt a budget for the subsequent fiscal
year for estimated revenues and expenditures; 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 1998-99, 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 $ 4.086,603, use of available fund balance of $ 793,705,
interfund transfers-in of $ 1.565,476, for a total source of funds of $ 6.445.784 and
total estimated expenditures of $ 5.819,368, interfund transfers-out of $ 400.191 for
a total use of funds of $6.219.559.
Section 2. That the City Clerk is hereby directed to forward a copy of this
Resolution and the adopted Fiscal Year 1998-99 Budget to the Auditor-Controller of
the County of San Bernardino.
ADOPTED this 11 th day of June, 1998
ATTEST:
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City Clerk of the City Of Ma r of the City of Grand
Grand Terrace and of the Terrace and of the City
City Council thereof. Council thereof.
RESOLUTION NO. 98- 11
i PAGE 2
I BRENDA STANFILL, 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 11th day of
June, 1998 by the following vote:
AYES: Councilmembers Hilkey, Singley, and Garcia; Mayor Pro Tem
Buchanan; Mayor Matteson
NOES: None
ABSENT: None
ABSTAIN: None
Approved as to form:
City Attorney City Clerk