HomeMy WebLinkAboutRES-92-5570 (APPROPRIATIONS LIMIT/92-93)1
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RESOLUTION NO. 92-5570
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH,
CALIFORNIA, ADOPTING THE 1992-93 APPROPRIATIONS LIMIT AND AMEND-
ING THE ANNUAL APPROPRIATIONS LIMIT SET BY RESOLUTIONS 85-4950,
91-5448 AND 91-5449 FOR THE FISCAL YEARS 1986-87, 1990-91 AND
1991-92, RESPECTIVELY.
WHEREAS, the voters of California on November 6, 1979 added
Article XIII B to the State Constitution placing various limit-
ations on the appropriations of the state and local governments;
and
WHEREAS, Article XIII B provides that the appropriations
limit for the fiscal year 1992-93 is calculated by adjusting the
base year appropriations of fiscal year 1978-79 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 appropria-
tions limit for fiscal year 1992-93;
WHEREAS, limits for 1990-91 and 1991-92, as adopted, need to
be amended due to a transposition in the per capita growth factor
applied;
WHEREAS, the resolution adopting the appropriation limit for
1986-87 incorrectly stated the limit;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH,
CALIFORNIA, DOES RESOLVE AS FOLLOWS;
SECTION 1. The City of Hermosa Beach chooses to use the
growth in the California Per Capita Income as the inflation ad-
justment factor for fiscal year 1992-93.
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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 1992-93.
SECTION 3. The City of Hermosa Beach uses the Uniform Guide-
lines 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 Propo-
sition 111.
SECTION 5. The appropriations limit for the City of Hermosa
Beach for fiscal year 1992-93 is $11,610,009.
SECTION 6. The appropriations limit for 1986-87, 1990-91 and
1991-92 is amended as follows: $8,609,437, $10,867,753 and
$11,513,297, respectively.
PASSED, APPROVED and ADOPTED this 11th day of Augustf1992
PRESIDENT of the City Council, and MAYOR of the City of
Hermosa Beach, California
TTEST:
TY CLERK
APPROVED AS TO FORM:
CITY ATTORNEY
audit/resolut
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
CITY OF HERMOSA BEACH )
I, Naoma Valdes, Deputy City Clerk of the City
Council of the City of Hermosa Beach, California, do hereby
certify that the foregoing Resolution No. 92-5570 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 meeting place thereof on August 11,
1992.
The vote was as follows:
AYES: Benz, Edgerton, Midstokke, Wiemans, Mayor Essertier
NOES: None
ABSTAIN: None
ABSENT: None
DATED: August 17, 1992
Deputy City Clerk