▁legisl ation , ▁sets ▁policy , ▁adj ud ic ates ▁issues , ▁and ▁establish es ▁the ▁budget ▁of ▁the ▁city . ▁ ▁The ▁City ▁Council ▁appoint s ▁the ▁City ▁Manager ▁and ▁the ▁City ▁Att orney . ▁The ▁city ▁has ▁ 1 3 ▁appointed ▁bo ards ▁and ▁comm issions ▁which ▁advise ▁the ▁council ▁on ▁matters ▁of ▁concern ▁to ▁local ▁residents , ▁such ▁as ▁the ▁city ▁air port , ▁arts , ▁par ks , ▁and ▁libraries . ▁ ▁The ▁municipality ▁is ▁supported ▁by ▁a ▁general ▁fund ▁budget ▁of ▁about ▁$ 1 6 0 ▁million . ▁According ▁to ▁the ▁city ' s ▁ 2 0 0 7 – 0 8 ▁Com pre h ensive ▁Ann ual ▁Fin an cial ▁Report , ▁the ▁city ' s ▁various ▁funds ▁had ▁$ 1 9 3 ▁million ▁in ▁Re ven ues , ▁$ 1 6 7 ▁million ▁in ▁exp end it ures , ▁$ 1 7 9 ▁million ▁in ▁total ▁assets , ▁$ 5 6 ▁million ▁in ▁total ▁li abilities , ▁and ▁$ 1 4 0 ▁million ▁in ▁c ash ▁in ▁invest ments . ▁ ▁Post al ▁service ▁The ▁United ▁States ▁Post al ▁Service ▁oper ates ▁the ▁Tor rance ▁Post ▁Office ▁at ▁ 2 5 1 0 ▁Mon ter ey ▁Street , ▁the ▁Marcel ina ▁Post ▁Office ▁at ▁ 1 4 3 3 ▁Marcel ina ▁Avenue , ▁the ▁Walter ia ▁Post ▁Office ▁at ▁ 4 2 1 6 ▁Pacific ▁Coast ▁Highway , ▁the ▁North ▁Tor rance ▁Post ▁Office ▁at ▁ 1 8 0 8 0 ▁Cr ens h aw ▁Bou