HomeMy WebLinkAboutRES-96-5812 (APPROPRIATIONS LIMIT/96-97)1
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RESOLUTION NO. 96-5812
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH,
CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS
LIMIT FOR THE FISCAL YEAR 1996-97
WHEREAS, the voters of California, on November 6, 1979, added Article XIII B to the
State Constitution, placing various limitations on appropriations of state and local governments;
and
WHEREAS, Article XIII B provides that the appropriations limit for the fiscal year 1996- 1
97 is calculated by adjusting the base year appropriations of fiscal year 1978-79 and subsequent
years for changes in the cost of living and population; and
WHEREAS, Proposition III (Section 1.5 of Article XIII B ), enacted by the voters on
June 5, 1990, modified the method of calculating the limit, beginning with fiscal year
1990-91; and
WHEREAS, the City of Hermosa Beach has complied with all of the provisions of Article
XIII B in determining the appropriations limit for fiscal year 1996-97;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HERMOSA
BEACH, CALIFORNIA, DOES RESOLVE AS FOLLOWS;
SECTION 1. That the City of Hermosa Beach chooses to use the growth in the
California Per Capita Personal Income as the inflation adjustment factor for fiscal year 1996-97.
SECTION 2. The City of Hermosa Beach chooses to use the change in population
for the County of Los Angeles as the growth adjustment factor for fiscal year 1996-97.
SECTION 3. The City of Hermosa Beach uses the Uniform Guidelines published
by the League of California Cities in March 1991 to determine the limit and appropriations subject
to the limit.
SECTION 4. Documentation for calculation of the limit is on file in the Finance
Department and will be reviewed by the City's auditors during the annual financial audit, as
required by Proposition 111.
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SECTION 5. The appropriations limit for the City of Hermosa Beach for fiscal
year 1996-97 is $13,500,860.
PASSED, APPROVE and ADOPTED this 25th day of June, 1996.
1 ATTEST:
CITY CLERK
of the City Council, and MAYOR of the City of Hermosa Beach, California
APPROVED AS TO FORM:
CITY ATTORNEY
Wa
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF HERMOSA BEACH
I, Naoma Valdes, Deputy City Clerk of the City Council of the
City of Hermosa Beach, California, do hereby certify that the foregoing
Resolution No. 96-5812 was duly and regularly passed, approved and adopted
by the City Council of the City of Hermosa Beach at a Regular Meeting of
said Council at the regular place thereof on June 25, 1996.
The vote was as follows:
AYES:
Benz, Bowler, Edgerton, Reviczky, Mayor Oakes
NOES:
None
ABSTAIN:
None
ABSENT:
None
DATED: July 1, 1996
Oa&x.?,Lz �
Deputy City Clerk