HomeMy WebLinkAboutRES-95-5748 (APPROPRIATIONS LIMIT/95/96)`4ftv✓ 1
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RESOLUTION NO. 95-5748
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH,
CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS
LIMIT FOR THE FISCAL YEAR 1995-96
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;
land
WHEREAS, Article XIII B provides that the appropriations limit for the fiscal year
1994-95 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 1995-96;
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 growth in the
California Per Capita Personal Income as the inflation adjustment factor for fiscal year 1995-96.
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 1995-96.
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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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
1995-96 is $12,837,178.
PA�SEI , 4PPRgV'£D and ADOPTED/this Pth day of June, 1995.
ATTEST:
of the City Council, and MAYOR of the City of Hermosa Beach, California
CITY CLERK
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APPROVED AS TO FORM:
-• � � CITY ATTORNEY
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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. 95-5748 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 27, 1995.
The vote was as follows:
AYES:
Benz, Edgerton, Oakes, Reviczky, Mayor Bowler
NOES:
None
ABSTAIN:
None
ABSENT:
None
DATED: June 29, 1995
Deputy City Clerk