HomeMy WebLinkAboutResolution No. 7754Z
RESOLUTION NUMBER 7754
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA
APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS, SUBJECT
TO LIMITATION, FOR THE FISCAL YEAR 1985-86. 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 appro-
priations of the state and local governments; and
WHERERAS, Article XIII B provides that the appropriations limit for
the fiscal year 1985-86 is calculated by adjusting the base year appropriations
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
WHEREAS, the City of Azusa has complied with all the provisions of
Article XIII B in determining the appropriations subject to limitation in fiscal
year 1985-86.
NOW, THEREFORE, BE IT RESOLVED that the appropriations subject to
limitation in fiscal year 1985-86 for the City of Azusa shall be $7,860,361.
PASSED, APPROVED AND ADOPTED this 15th day of July , 1985.
I HEREBY CERTIFY that the foregoing resolution was duly adopted by
the City Council of the City of Azusa, at a regular meeting thereof, held
on 15th day of July , 1985, by the following vote of the Council:
AYES: COUNCILMEMBERS: CRUZ, COOK, CAMARENA, MOSES
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: LATTA
CI CLERK
EXHIBIT A
CITY OF AZUSA
* Article XIII B requires that in each year, the lower of these two figures shall be used in calculations.
** Factors will apply to 1986-87 limit.
7-3-85
ARTICLE XIII B CALCULATION ANNUAL
ADJUSTMENTS
"Base Year" "First Year"
"Current
Year"
1978-79 1979-80 1980-81 1981-82
1982-83
1983-84
1984-85
1985-86
1.
Change in cost -of -living as
measured by 1*
a) U.S. Consumer Price Index
(March to March)
10.17 14.68 10.55 6.79
3.60
4.74
3.74
**
b) California per Capita
Personal Income (4th Quarter)
12.42 12.11 9.12 9.28
2.35
6.46
7.92
**
2.
Change in Azusa's population from
January to January
2.73 3.46 5.01 1.71
1.62
4.86
4.98
**
3.
Cumulative rate factor
113.18 131.28 150.43 163.39
169.94
186.65
203.27
**
4.
Appropriations Limit
N/A N/A 5,076,304 5,816,780
6,317,959
6,571,309
7,217,293
7,860,361
5.
Appropriations subject to limit,
1978-79
3,866,956
Calculation of 1985-86 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
x
Ift
1.0474 x 1.0486 x 1.0374 x 1.0498 = $7,8601361
* Article XIII B requires that in each year, the lower of these two figures shall be used in calculations.
** Factors will apply to 1986-87 limit.
7-3-85