HomeMy WebLinkAboutRES-24-7440 (APPROPRIATIONS LIMIT 2024-25) Page 1 of 2 RES-24-7440
CITY OF HERMOSA BEACH
RESOLUTION NO. RES-24-7440
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH,
APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR
THE FISCAL YEAR 2024–25
WHEREAS, the voters of California, on November 6, 1979, added Article XIII
B to the State Constitution, placing various limitation on appropriations of state
and local governments; and
WHEREAS, Article XIII B provides that the appropriations limit for the fiscal
year 2024–2025 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 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
2024–2025;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH,
CALIFORNIA, DOES HEREBY 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 2024–2025.
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 2024–2025.
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.
DocuSign Envelope ID: DE46EBCA-9689-42AE-BA17-094FB1EF506E
Page 2 of 2 RES-24-7440
SECTION 5. The appropriations limit for the City of Hermosa Beach for fiscal
year 2024–2025 is $52,414,358.
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 on this 11th day June, 2024.
Mayor Justin Massey
PRESIDENT of the City Council and MAYOR of the City of Hermosa Beach, CA
ATTEST: APPROVED AS TO FORM:
________________________________ ________________________________
Myra Maravilla, Patrick Donegan,
City Clerk City Attorney
DocuSign Envelope ID: DE46EBCA-9689-42AE-BA17-094FB1EF506E
State of California )
County of Los Angeles ) ss
) City of Hermosa Beach
June 18, 2024
Certification of Council Action
RESOLUTION NO. RES-24-7440
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA
BEACH, APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS
LIMIT FOR THE FISCAL YEAR 2024–25
I, Myra Maravilla, City Clerk of the City of Hermosa Beach do hereby certify that
the above and foregoing Resolution No. RES-24-7440 was duly approved and
adopted by the City Council of said City at its regular meeting thereof held on
the 11th day of June 2024 and passed by the following vote:
AYES: MAYOR MASSEY, MAYOR PRO TEMPORE FRANCOIS,
COUNCILMEMBERS SAEMANN, DETOY and JACKSON
NOES: NONE
ABSTAIN: NONE
ABSENT: NONE
________________________________
Myra Maravilla,
City Clerk
DocuSign Envelope ID: DE46EBCA-9689-42AE-BA17-094FB1EF506E