HomeMy WebLinkAboutResolution No. 8694RESOLUTION NO 8694
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF AZUSA ESTABLISHING AN APPROPRIATIONS LIMIT
FOR THE FISCAL YEAR PURSUANT TO ARTICLE XIIIB
OF THE CALIFORNIA CONSTITUTION
WHEREAS, Article XIIIB of the California Constitution
provides that the total annual appropriations subject to
limitation of each governmental entity, including this City,
shall not exceed the appropriation limit of such entity of
government for the prior year, adjusted for changes in the cost
of living or personal income and population, except as otherwise
provided for in said Article XIIIB and implementing State
statutes, and
WHEREAS, pursuant to said Article XIIIB of said
California Constitution, and Section 7900 et seq. of the
California Government Code, the City is required to set its
appropriation limit for each fiscal year, and
WHEREAS, the Finance Director of the City of Azusa has
caused a technical review to be made of the documentation for the
City's said appropriation limitation, and has caused the numbers
upon which the City's appropriation limit is based to be
researched and said limit to be calculated, and
WHEREAS, based on such calculations, as described in
the attached documentation as Exhibit A, the Finance Director has
determined the said appropriation limit and, pursuant to Section
7910 of the said California Government Code, has made available
to the public the documentation used in the determination of said
appropriation limit;
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF AZUSA, CALIFORNIA, that said appropriation limit for
Fiscal Year 1989-90 shall be set in the amount of $14,304,782 for
said Fiscal Year.
PASSED AND ADOPTED this 21st day of August, 1989.
Ole
MAYOR
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 the 21st day August 1989, by the
following vote of the Council:
AYES: COUNCIL MEMBERS:
NOES: COUNCIL MEMBERS
ABSENT: COUNCIL MEMBERS:
CITY CLERK `
AVILA, STEMRICH, NARANJO, LATTA, MOSES
NONE
NONE
Exhibit A
0
U
City of Azusa
Determining Appropriation Limit
Fiscal Year 1989-90
Calculating Appropriations Limit:
Lower of Federal CPI and California
Capita Personal Income (as a factor) 1.0498
Mulitiplied by City Population Percentage
Increase (as a factor) 1.0201
------------
Total 1.0709
Multiplied by the Fiscal Year 1988-89
Limit $13,357,720
------------
Appropriation Limit FY 1989-90 $14,304,782
Statistics
California Capita Personal Income 5.19%
U.S. Consumer Price Index: 4.98%
City of Azusa Population 38,227
Population Percentage Change 2.01%