HomeMy WebLinkAboutRES 17-7071 (ANNUAL APPROPRIATIONS LIMIT FY 2017-2018)1
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RESOLUTION NO. 17-7071
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA
BEACH, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL
APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2017-2018
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 2017-
2018 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 I I I (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 2017-18;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
BEACH, CALIFORNIA, DOES RESOLVE AS FOLLOWS:
SECTION 1. That the City of Hermosa Beach chooses to use the California Per Capi
Personal Income Change as the inflation adjustment factor for fiscal year 2017-18.
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 2017-18.
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.
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17-7071
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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 appropriations limit for the City of Hermosa Beach for fiscal year 2017-
18 is $38,608,659.
SECTION 6. This Resolution shall take effect immediately. The City Clerk shall certify
to the passage and adoption of this Resolution; shall enter the same in the book of original
Resolutions; and shall make a minute of the passage and adoption thereof in the records of the
proceedings of the City Council meeting at which the same is passed and adopted.
PASSED, APPROVED AND ADOPTED this 15th day of June, 2017.
PRESIDENT o0e City Council
ATTEST:
City Clerk
YOR of the City of Hermosa Beach, California
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17-7071
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. 17-7071 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 15, 2017.
The vote was as follows:
AYES: Armato, Duclos, Fangary, Petty, Mayor Massey
NOES: None
ABSTAIN: None
ABSENT: None
Dated June 15, 2017
Elaine Doerfling, City Cl k