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HomeMy WebLinkAboutCC RESO 2007-201RESOLUTION NO. 2007 — 201 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY SELECTING ANNUAL ADJUSTMENT FACTORS AND ESTABLISHING THE ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2007-2008 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 factor to be used in calculating the appropriations limit for fiscal year 2007-2008 shall be as set forth in Attachment 1. BE IT FURTHER RESOLVED that the population change factors to be used in calculating the appropriations limit for fiscal year 2007-2008 shall be as set forth in Attachment 1. BE IT FURTHER RESOLVED that the appropriation limit for fiscal year 2007- 2008 shall be $41,264,337, as set forth in Attachment 1. PASSED and ADOPTED this 21st day of Augusi)7. ATTEST: Mic 'ael R. Dalla/ ity Clerk APPROVED AS TO FORM: George H. Eiser, III City Attorney on Morrison, Mayor Resolution No. 2007- Attachment 1 City of National City Gann Appropriations Limit Fiscal Year 2007-2008 Appropriations Limit-FY2006-2007 $ 39,041,352 CA Per Capita Income Increase (A) 4.42% Limit Sub -Total ($39,041,352 x 1.0442) $ 40,766,979 SD County Population Increase (A) 1.22% Appropriations Limit - FY2007-2008 ($40,766,979 x 1.0122) $ 41,264,337 (A) Source - State of California, Department of Finance 1 Passed and adopted by the Council of the City of National City, California, on August 21, 2007 by the following vote, to -wit: Ayes: Councilmembers Morrison, Natividad, Parra, Ungab. Nays: None. Absent: Councilmember Zarate. Abstain: None. AUTHENTICATED BY: RON MORRISON Mayor of the City of National City, California Air City Clerk of the City of tional City, California By: Deputy I HEREBY CERTIFY that the above and foregoing is a full, true and correct copy of RESOLUTION NO. 2007-201 of the City of National City, California, passed and adopted by the Council of said City on August 21, 2007. City Clerk of the City of National City, California By: Deputy