HomeMy WebLinkAboutCC RESO 14,729RESOLUTION NO. 14,729
RESOLUTION ESTABLISHING THE ANNUAL APPROPRIATIONS
LIMIT FOR FISCAL YEAR 1985-86 AND RESCINDING
RESOLUTION NO. 14,655
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
fiscal year 1985-86 is calculated by adjusting the appropriations limit for the
prior fiscal year for changes in the cost of living and population; and
WHEREAS, the calculations for making these adjustments for the City
of National City are shown in Exhibits "A" and "B"; and
WHEREAS, the City of National City has complied with all the
provisions of Article XIII-B in determining the appropriations limit for fiscal
year 1985-86.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City
of National City that the appropriations limit for fiscal year 1985-86 shall be
$14,266,144.
BE IT FURTHER RESOLVED that Resolution No. 14,655 is hereby
rescinded.
PASSED and ADOPTED this 3rd day of September, 1985.
Kile Morgan, or
ATTEST:
Ione Campbell, City vClerk
APPROVED AS TO FORM:
George Hliser, III - City Attorney
EXHIBIT A
Appropriations
Fiscal
Annual growth
Appropriation
CITY OF NATIONAL CITY
APPROPRIATIONS LIMIT
FISCAL YEAR 1985-86
limit -
Year 1984-85
rate (see Exhibit B)
$13,841,219
1,0307
limit Fiscal Year 1985-86 $14,266,144
EXHIBIT B
CITY OF NATIONAL CITY
ANNUAL APPROPRIATION GROWTH RATE
FISCAL YEAR 1985-86
A. Price change factor: 1.0374
B. Population change factor: _.9935
C. Annual growth rate to be used
in calculating appropriations
limit for fiscal year 1985-86
1.0307