HomeMy WebLinkAboutCC RESO 2005 - 137RESOLUTION NO. 2005 —137
RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF NATIONAL CITY
SELECTING ANNUAL ADJUSTMENT FACTORS AND
ESTABLISHING THE ANNUAL APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2004-2005 AND FOR
FISCAL YEAR 2005-2006
WHEREAS Article XIII-B of the California Constitution provides that
appropriations made by State and local governments shall be changed annually by a
factor comprised of the change in population and the change in the cost of living.
NOW, THEREFORE, BE IT RESOLVED that the cost of living factors to be
used in calculating the appropriations limit for fiscal years 2004-2005 and 2005-2006
shall be as set forth in Exhibit "A".
BE IT FURTHER RESOLVED that the population change factors to be use
in calculating the appropriations limit for fiscal years 2004-2005 and 2005-2006 shall be
as set forth in Exhibit "A".
BE IT FURTHER RESOLVED that the appropriation limit for fiscal year
2004-2005 shall be $34,902,063, and for fiscal year 2005-06 shall be $37,204,483 as
set forth in Exhibit "A".
PASSED and ADOPTED this 21st day of June 005.
ick Inzunza, Mayor
ATTEST:
si
c ael Dalla, t
dam/
Miy Clerk
APPROVED AS TO FORM:
George H. Eiser, Ill
City Attorney
Vic' MAk'art-
Resolution No. 2005 — 137
June 21, 2005
City Of National City
Gann Appropriations Limit
2004-2005 and 2005-2006
Appropriations Limit 2003-2004 $ 33,287,660
CA Per Capita Income Increase (A) 3.28%
Limit Sub -Total $ 34,379,495
SD County Population Increase (A) 1.52%
Appropriations Limit 2004-2005 $ 34,902,063
Appropriations Limit 2004-2005
CA Per Capita Income Increase (A)
Limit Sub -Total
SD County Population Increase (A)
Appropriations Limit 2005-2006
$ 34,902,063
5.26%
36,737,911
$ 37,204,483
(A) Source — State of California, Department of Finance
1.27%
EXHIBIT "A"