HomeMy WebLinkAboutCC RESO 14,344RESOLUTION NO. 14,344
RESOLUTION ESTABLISHING THE ANNUAL APPROPRIATIONS
LIMIT FOR THE FISCAL YEAR 1984-1985
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 XM-B provides that the appropriations limit for the
fiscal year 1984-85 is calculated by adjusting the appropriations for the prior
fiscal year for changes in the cost of living and population; and
WHEREAS, the information necessary for making these adjustments is
attached hereto as 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 1984-85.
NOW, THEREFORE, BE IT RESOLVED that the appropriations limit for
fiscal year 1984-85 shall be $13,841,219.
PASSED and ADOPTED this 12th day of June, 1984.
ATTEST:
Exhibit A
CITY OF NATIONAL CITY
APPROPRIATIONS LIMIT
FISCAL YEAR 1994-1985
Appropriations limit - $ 13,051,597
Fiscal year 1983-1984
Annual growth rate ( See Exhibit B ) 1,0605
Appropriation limit - $ 13,841,219
Fiscal year 1983-1984
Exhibit B
CITY OF NATIONAL CITY
ANNUAL APPROPRIATION GROWTH RATE
FISCAL YEAR 1984-1985
A. Price change factor 1_0474
B. Population change factor 1,.0125
C. Annual growth rate to be used
in calculating appropriations
limit for fiscal year 1984-1985
1.0605