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1019 RESOLUTION NO. 1019 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS ADOPTING THE FY 2007-08 CITY OF ROLLING HILLS BUDGET INCLUDING THE ANNUAL REPORT ON: GENERAL FUND, COMMUNITY FACILITIES FUND, MUNICIPAL SELF INSURANCE FUND, REFUSE COLLECTION FUND, SOLID WASTE CHARGES, TRAFFIC SAFETY FUND, TRANSIT FUND- PROPOSITION A AND TRANSIT FUND-PROPOSITION C, COPS AND CLEEP FUND, UTILITY FUND, AND CAPITAL PROJECT FUND FOR FISCAL YEAR 2007-08 - WHEREAS, members of the Rolling Hills City Council opened a public hearing on Monday, June 11, 2007 to consider the recommended Fiscal Year 2007-08 City of Rolling Hills Draft Budget; and ' WHEREAS, this public hearing was continued to the regular City Council meeting held Monday, June 25, 2007; and WHEREAS, following these two public hearings on the Fiscal Year 2007-08 City of Rolling Hills Draft Budget, members of the Rolling Hills City Council desire to adopt said document. NOW, THEREFORE, BE IT RESOLVED BY MEMBERS OF THE ROLLING HILLS CITY COUNCIL AS FOLLOWS: Section 1. Members of the City Council hereby adopt the Fiscal Year 2007-08 City of Rolling Hills Budget. Section 2. Appropriations in the amount not to exceed $1,736,268 (Budget and Budget Contingency) are authorized in the Fiscal Year 2007-08 General Fund Budget for the purpose of carrying on the business of the City for General Government, Public Safety, Public Service, and other items. Section 3. Appropriations in the amount not to exceed $601,500 are authorized in the Fiscal Year 2007-08 General Fund Budget for transfers to other funds. Section 4. Appropriations in the amount not to exceed $1,297,185 are authorized in the various funds: Community Facilities Fund, Municipal Self Insurance Fund, Refuse Collection Fund, Traffic Safety Fund, Transit Fund -Proposition A and Proposition C, COPS & CLEEP Fund, Utility Fund, and Capital Project Fund for the purpose of carrying on the business of the City. Section 5. The City Manager may transfer appropriations between and among all funds, as defined in the Fiscal Year 2007-08 budget in order to ensure revenue and expenditures correspond to the intent of the City Council. Section 6. The Mayor is hereby directed to sign this Resolution, and the City Clerk, or duly authorized Deputy, is directed to attest thereto. PASSED, APPROVED AND ADOPTED this 25�' day of June 2007. _ J✓ Franlc E. Hill ' Mayor Pro Tem ATTEST: ��� ��� �� ��� Marilyn L. Kern Deputy City Clerk Resolution No. 1019 -1- STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF ROLLING HILLS ) The foregoing Resolution No. 1019 entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS ADOPTING THE FY 2007-08 CITY OF ROLLING HILLS BUDGET INCLUDING THE ANNUAL REPORT ON: GENERAL FUND, COMMUNITY FACILITIES FUND, MUNICIPAL SELF INSURANCE FUND, REFUSE COLLECTION FUND, SOLID WASTE CHARGES, TRAFFIC SAFETY FUND, TRANSIT FUND- _ PROPOSITION A AND TRANSIT FUND-PROPOSITION C, COPS AND CLEEP FUND, UTILITY FUND, AND CAPITAL PROJECT FUND FOR FISCAL YEAR 2007-08 was approved and adopted at a regular meeting of the City Council on June 25, 2007, by the following roll call vote: AYES: Councilmembers Heinsheimer � Lay, Pernell and Mayor Pro Tem Hill . NOES: N o n e . ABSENT: Mayor Black. ABSTAIN: N o n e . � /C.�Y/1�.�-1.�,.,. �r �:Q�,,•�.J Marilyn L. Kern Deputy City Clerk Resolution No. 1019 -2-