HomeMy WebLinkAboutRES-12-6809 (ANNUAL APPROPRIATIONS LIMIT)1
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RESOLUTION NO. 12-6809
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
HERMOSA BEACH, CALIFORNIA, APPROVING AND ADOPTING THE
ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2012-2013
WHEREAS, the voters of California, on November 6, 1979, added Article X111 B to the
State Constitution, placing various limitations on appropriations of state and local governments;
mm
WHEREAS, Article XIII B provides that the appropriations limit for the fiscal year 2012-
2013 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
XI11 B in determining the appropriations limit for fiscal year 2012-2013;
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 2012-2013.
SECTION 2. That 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 2012-2013.
SECTION 3. That 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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12-6809
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SECTION 4. That 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. That the appropriations limit for the City of Hermosa Beach for fiscal year
2012-2013 is $31,840,955.40.
PASSED, APPROVED and ADOPTED this 26th day of June 2012.
PRESIDENT
ATTEST:
City Clerk
and MAYOR of the City of Hermosa Beach, California
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12-6809
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.12-6809 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 26, 2012.
The vote was as follows:
AYES: Bobko, DiVirgilio, Fishman, Tucker, Mayor Duclos
NOES: None
ABSTAIN: None
ABSENT: None
Dated: July 10, 2012
Elaine Doerfling, City Cler