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RESOLUTION NO. 5451
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARCADIA ESTABLISHING AN APPROPRIATIONS
LIMIT FOR THE FISCAL YEAR 1988-89 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, the City is required to set its appropriation limit
for each fiscal year, and
WHEREAS, there are new interpretations of the technical
provisions of said Proposition 4 computations which require a
technical review of the documentation for the City'S said
appropriation limitation, causing the data upon which the city's
appropriation limit was and is based to be recomposed and said
limit to be calculated and recalculated, and,
WHEREAS, based on such calculations, as described in the
attached documentation as Exhibit A, incorporated as part of this
resolution,
the
Finance
Director
has
re-determined
the
appropriation limit and has made available to the public the
documentation used in the determination of said appropriation
limit;
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5451
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ARCADIA,
CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1.
That the appropriation limit for Fiscal Year
1988-89 shall be and is hereby amended to be set in the amount of
$22,303,625.
SECTION 2.
That the City Clerk shall certify to the
adoption of this Resolution.
Passed, approved and adopted this ~st day of November; 1988.
/~d/~
Mayor of the City of Arcadia
4
of Arcadia
ci
STATE OF CALIFORNIA
COUNTY OF LOS ANGELES
CITY OF ARCADIA
)
) SS:
)
I, June Alford, City Clerk of the City of Arcadia, hereby
certify that the foregoing Resolution No. 5451 was passed and
adopted by the City Council of the City of Arcadia, signed by the
Mayor and attested to by the City Clerk at a regular meeting of
said Council on the 1st
day of November; '.198,8 and that said
Resolution was adopted by the following vote, to wit:
AYES: Councilmember Chandler, Gi1b, Lojeski, Young and
Harbicht
NOES: None
ABSENT: None
e City of Arcadia
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5451