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HomeMy WebLinkAboutRES 20-7239 (APPROPRIATIONS LIMIT 2020-21)ii DocuSign Envelope ID: AA9B2578-155A-4BF7-BC69-A37E8D862CC0 1 2 3 4 5 6 7 s 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 IR RESOLUTION NO. 20-7239 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2020-2021 WHEREAS, the voters of California, on November 6, 1979, added Article XIII B to thi State Constitution, placing various limitations on appropriations of state and local governments; an( WHEREAS, Article XIII B provides that the appropriations limit for the fiscal year 2020- 2021 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 111 (Section 1.5 of Article XIII B), enacted by the voters on J 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 2020-2021; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HERM BEACH, CALIFORNIA, DOES RESOLVE AS FOLLOWS: SECTION 1. That the City of Hermosa Beach chooses to use the California Per Capita Personal Income Change as the inflation adjustment factor for fiscal year 2020-2021. SECTION 2. The City of Hermosa Beach chooses to use the Change in Population for the City of Hermosa Beach as the growth adjustment factor for fiscal year 2020-2021. 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. Page 1 of 2 ii DocuSign Envelope ID- AA9B2578-155A-4BF7-BC69-A37E8D862CC0 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 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 2020- 2021 is $43,534,643. 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 9th day of June, 2020. DocuSigned by: PRESIDENT of the City Council ATTEST: City lerk MAbr) OR of the City of Hermosa Beach, California APPROVED AS TO FORM: Liftned by: JA JuAlivus FZ& City ttorney Page 2of2 State of California County of Los Angeles ) ss City of Hermosa Beach ) June 16, 2020 Certification of Council Action RESOLUTION NO. 20-7239 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2020-2021 I, Eduardo Sarmiento, City Clerk of the City of Hermosa Beach do hereby certify that the above and foregoing Resolution 20-7239 was duly approved and adopted by the City Council of said City at its regular meeting thereof held via teleconference on the 9t" day of June, 2020 and passed by the following vote. AYES: COUNCIL MEMBERS ARMATO, DETOY, FANGARY, MAYOR PRO TEM MASSEY, AND MAYOR CAMPBELL NOES: NONE ABSTAIN: NONE ABSENT: NONE Ai�r)c 'Eduardo Sarmiento, City Clerk