HomeMy WebLinkAboutResolution No. 4884 RESOLUTION NO. 4884
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT
FOR FISCAL YEAR 1987 -88
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
the fiscal year 1987 -88 is calculated by adjusting the appropriations limit
for fiscal 1986 -87 for changes in the cost of living or per capita personal
income (whichever is less) and population; and
WHEREAS, the information necessary for making these adjustments is
attached in Exhibit I; and
WHEREAS, the City of Downey has complied with all the provisions of
Article XIII -B in determining the appropriations limit for fiscal year 1987-
88.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE
AS FOLLOWS:
SECTION 1. The appropriation limit for 1987 -88 shall be $23,100,601
for the City of Downey.
SECTION 2. The appropriations subject to the limit contained in the
1987 -88 Budget are $20,851,518.
SECTION 3. The City Clerk shall certify to the passage and adoption
of this Resolution and shall enter the same in the book of original
resolutions of said City.
-- APPROVED AND ADOPTED THIS 9th day of June , 1987.
1 75 __ --,...--
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Jamey S. Santango , Mayor
ATTEST:
0 y 0141 --Oy y C1 erk
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by
the City Council of the City of Downey at a regular meeting hereof, held on
the 9th day of June , 1987, by the following vote, to wit:
AYES: 5 Council Members : Boggs, Cormack, Barb, Paul, Santangelo
NOES: o Council Members : None
ABSENT: o Council Members : None
(; o g , Cit Clerk
i
RESOLUTION NO. 4884
EXHIBIT I
1987 -88 APPROPRIATION LIST
Price 10.17% 1.1017
Population (.68 %) .9932
Combined Factor 1.0942
1978 -79 Limit $13,389,703
1979 -80 Limit $14,651,126
Price 12.11% 1.1211
Population (.58%) .9942
Combined Factor 1.1146
1979 -80 Limit $14,651,126
1980 -81 Limit $16,330,110
Price 9.12% 1.0912
Population (.25%) .9975
Combined Factor 1.088472
1980 -81 Limit $16,330,110
1981 -82 Limit $17,774,867
Price 6.79% 1.0679
Population .12% 1.0012
Combined Factor 1.0691815
1981 -82 Limit $17,774,867
1982 -83 Limit $19,004,559
Price 2.35% 1.0235
Population .68% 1.0068
Combined Factor 1.03046
1982 -83 Limit $19,004,559
1983 -84 Limit $19,583,434
Price 4.74% 1.0474
Population .42% 1.0042
Combined Factor 1.0518
1983 -84 Limit $19,583,434
1984 -85 Limit $20,597,855
Price 3.74% 1.0374
Population .21% .0021
Combined Factor 1.0396
1984 -85 Limit $20,597,855
1985 -86 Limit $21,413,530
Price 2.30% 1.0230
Population 1.57% 1.0157
Combined Factor 1.039061
1985 -86 Limit $21,413,530
1986 -87 Limit $22,249,963
Price 3.04% 1.0304
Population .76% 1.0076
Combined Factor 1.038231
1986 -87 Limit $22,249,963
1987 -88 Limit 23,100,601