HomeMy WebLinkAboutResolution No. 7512RESOLUTION 7512
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA
APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS, SUBJECT
TO LIMITATION, FOR THE FISCAL YEAR 1984-85, PURSUANT TO
ARTICLE XIII B OF THE CALIFORNIA STATE CONSTITUTION.
WHEREAS, the voters of California on November 6, 1979, added
Article XIII B to the State Constitution placing various limitations on the
appropriations of the state and local governments; and
WHEREAS, Article XIII B provides that the appropriations limit
for the fiscal year 1984-85 is calculated by adjusting the base year appro-
priations of fiscal year 1978-79 for changes in the cost of living and the
population of Azusa; and
WHEREAS, the information necessary for making these adjustments
is attached in Exhibit A; and
NOW THEREFORE BE IT RESOLVED THAT, the City of Azusa has complied
with all the provisions of Article XIII B in determining the appropriations
subject to limitation in fiscal year 1984-85 the limit shall be $7,217,293 for
the City of Azusa.
PASSED, APPROVED AND ADOPTED this grid day of JUly , 1984.
I HE'LEBY CERTIFY that the foregoing resolution :as .,uiy adopted
by the City Council of the City of Azusa, at a regular meeting thereof, held
on the grid day of July , 1984, by the following vote of the Council:
AYES: COUNCILMEMBERS: CRUZ, COOK, CAMARENA, LATTA, MOSES
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
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EXHIBIT A
CITY OF AZUSA
ARTICLE XIII B CALCULATION
ANNUAL ADJUSTMENTS
1. Change in cost -of -living
as measured by 1*
a. U. S. Consumer Price Index
(March to March) 10.17
b. California per Capita Personal Income
(4th Quarter) 12.42
2. Change in Azusa's population from January to
January 2,73
3. Cumulative rate factor 113.18
4. Appropriation Limit N/A
5. Appropriation subject to limit, 1978-1979 3,866,956
14.68
10.55
6.79
3.60
4.74
**
12.11
9.12
9.28
2.35
6.46
**
3.46
5.01
1.71
1.62
4.86
**
131.28
150.43
163.39
169.94
186.65
**
N/A
5,076,304
5,816,780
6,317,959
6,571,309
7,217,293
Calculation of 1984-85 Appropriations Limit
$3,866,965 X 1.1017 X 1.0273 X 1.1211 X 1.0346 X
1.0912 X 1.0501 X 1.0679 X 1.0171 X
1.0235 X 1.0162 = $7,217,293
*Article XIII B requires that in each year, the lower of these two figures shall be used in calculations.
**Factors will apply to 1985-86 limit.