HomeMy WebLinkAboutResolutions - No. 2003-107RESOLUTION NO. 2003-107
A RESOLUTION OF THE LODI CITY COUNCIL ADOPTING
THE 2003-05 OPERATING AND CAPITAL IMPROVEMENT
BUDGET FOR THE FISCAL YEAR BEGINNING JULY 1, 2003
AND ENDING JUNE 30, 2005, AND FURTHER APPROVING
THE 2003-04 APPROPRIATION SPENDING LIMIT
WHEREAS, the City Manager submitted the 2003-05 balanced Operating and
Capital Improvement Budget to the City Council on June 18, 2003; and
WHEREAS, the 2003-05 Operating and Capital Improvement Budget was
prepared in accordance with the City Council's goals, budget assumptions, and policies;
and
WHEREAS, the City Council conducted public budget meetings on November 19
and November 26, 2002; and January 2, January 5, January 21, January 28, February
5, February 19, April 2, April 12, April 30, May 7, June 4, and June 18, 2003, at the
Carnegie Forum; and
WHEREAS, the City Council is required to adopt the Appropriations Spending
Limit for 2003-04; and
WHEREAS, the Appropriations Spending Limit and the annual adjustment
factors selected to calculate the Limit are part of the Financial Plan and Budget.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Lodi
as follows:
That the 2003-05 Operating and Capital Improvement Budget (including
the Appropriations Spending Limit for 2003-04) as proposed by the City
Manager is hereby presented as a balanced budget and is hereby
adopted by the City Council; and
2. That the funds for the 2003-05 Operating Budget are appropriated as
summarized in the document on file in the City Clerk's Office.
3. That the funds for the 2003-05 Capital improvement Budget are
appropriated to a Capital Control Account for further allocation by the City
Council on a project -by -project and purchase -by -purchase action.
Dated: June 18, 2003
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I hereby certify that Resolution No. 2003-107 was passed and adopted by the
City Council of the City of Lodi in a regular meeting held June 18, 2003, by the following
vote:
AYES: COUNCIL MEMBERS — Beckman, Hansen, Howard, and Land
NOES: COUNCIL MEMBERS — Mayor Hitchcock
ABSENT: COUNCIL MEMBERS — None
ABSTAIN: COUNCIL MEMBERS — None
NOTE:
Refer to the minutes of June 18, 2003,
for separate motions that were made
regarding the adoption of the budget
2003-107
SUSAN J. BLACKSTON
City Clerk