HomeMy WebLinkAboutRES-94-5696 (APPROPRIATIONS LIMIT/94-95)1
v.►� 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
`*W01 28
29
RESOLUTION NO. 94-5696
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HERMOSA BEACH,
CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT
FOR THE FISCAL YEAR 1994-95
WHEREAS, the voters of California, on November 6, 1979, added Article XIII B to
I the State Constitution, placing various limitations on appropriations of state and local
governments; and
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 anc
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 of
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 1994-95;
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
111994-95.
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
1994-95.
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
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
28
29
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, a:
required by Proposition 111.
SECTION 5. The appropriations limit for the City of Hermosa Beach for fiscal yea
1994-95 is $12,217,739.
PASSED,APPROVED
PRF,yS N of the City
City of Hermosa E
D this 1?ffi day of July, 1994.
ATTEST:
I
� l
CITY CLERK
:if, and MAYOR of the
California
APPROVED AS TO FORM:
6�� jU,54.- CITY ATTORNEY
AUDITRES/ALAS
Page
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. 94-5696 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 July 12, 1994.
the vote was as follows:
\,AYES: Benz, Bowler, Oakes, Reviczky, Mayor Edgerton
.NOES: None
ABSTAIN: -\None
ABSENT: None
DATED: July 14, 1994
rWA
Deputy City Clerk