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HomeMy WebLinkAboutCC RESO 2006-108RESOLUTION NO. 2006-108 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY SELECTING ANNUAL ADJUSTMENT FACTORS AND ESTABLISHING THE ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEARS 2005-2006 AND 2006-2007 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 2005-2006 and 2006-2007 shall be as set forth in Attachment 1. BE IT FURTHER RESOLVED that the population change factors to be use in calculating the appropriations limit for fiscal years 2005-2006 and 2006-2007 shall be as set forth in Attachment 1. BE IT FURTHER RESOLVED that the appropriation limit for fiscal year 2005-2006 shall be $37,204,483, and .for fiscal year 2006-07 shall be $39,041,351 as set forth in Attachment 1. PASSED and ADOPTED this 20th day of June, 2006. /44f. Nick Inzu za, Mayor ATTEST: Mic - el R. Da City Clerk APPROVED AS TO FORM: George H. Eiser, Ill City Attorney Resolution No. 2006 —108 June 20, 2006 City Of National City Gann Appropriations Limit 2005-2006 and 2006-2007 Appropriations Limit 2004-2005 $ 34,902,063 CA Per Capita Income Increase (A) 5.26% Limit Sub -Total $ 36,737,911 SD County Population Increase (A) 1.27% Appropriations Limit 2005-2006 $ 37,204,483 Appropriations Limit 2005-2006 $ 37,204,483 CA Per Capita Income Increase (A) 3.96% Limit Sub -Total $ 38,677,780 SD County Population Increase (A) 0.94% Appropriations Limit 2006-2007 $ 39,041,351 (A) Source — State of California, Department of Finance Attachment 1 Passed and adopted by the Council of the City of National City, California, on June 20, 2006, by the following vote, to -wit: Ayes: Councilmembers Inzunza, Morrison, Natividad, Parra, Zarate. Nays: None. Absent: None. Abstain: None. AUTHENTICATED BY: NICK INZUNZA Mayor of the City of National City, California City C -rk of the City cf National City, California By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2006-108 of the City of National City, California, passed and adopted by the Council of said City on June 20, 2006. City Clerk of the City of National City, California By: Deputy