HomeMy WebLinkAboutRES 14-6906 (APPROPRIATION LIMIT 14-15)2
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RESOLUTION NO. 14-6906
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HERMOSA BEACH, CALIFORNIA, APPROVING AND ADOPTING THE
ANNUAL APPROPRIATION LIMIT FOR THE FISCAL YEAR 2014-2015
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 appropriation limit for the fiscal year 2014-
2015 is calculated by adjusting the base year appropriation of fiscal year 1978-79 and subsequent
years for changes in the cost of living and population; and
WHEREAS, Proposition 111 (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 appropriation limit for fiscal year 2014-15.
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 Increase in Non -
Residential Assessed Valuation Due to New Construction as the inflation adjustment factor for
fiscal year 2014-2015.
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 2014-2015.
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 appropriation subject to the
limit.
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14-6906
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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.
SECTION 5. The appropriation limit for the City of Hermosa Beach for fiscal year 2014-
2015 is $33,285,816.
SECTION 6. That the City Clerk shall certify to the passage and adoption of this
Resolution; shall cause the same to be entered among the original Resolutions of said City; and
shall make a minute of the passage and adoption thereof in the records of the proceeding of the
City Council of said City in the minutes of the meeting at which the same is passed and adopted.
ATTEST:
City Clerk
PASSED, APPROVED and ADOPTED this 24th day of June 2014.
F.
MAYOR PRO TEM of e City of H mosa Beach, California
PROVED AS TO F RM:
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Page 2 of 2 14-6906
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF HERMOSA BEACH
I, Elaine Doerfling, City Clerk of the City of Hermosa Beach, California, do
hereby certify that the foregoing Resolution No. 14-6906 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 24, 2014.
The vote was as follows:
AYES:
Barragan, Fangary, Petty, Tucker
NOES:
None
ABSTAIN:
None
ABSENT:
Mayor DiVirgilio
Dated: June 24, 2014
Elaine Doerfling, City Clerk