HomeMy WebLinkAboutResolution No. 5032 RESOLUTION NO. 5032
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT
FOR FISCAL YEAR 1988 -89
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 1988 -89 is calculated by adjusting the appropriations limit
for fiscal 1987 -88 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 1988-
89.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE
AS FOLLOWS:
SECTION 1. The appropriation limit for 1988 -89 shall be $24,043,106
for the City of Downey.
SECTION 2. The appropriations subject to the limit contained in the
1988 -89 Budget are $22,881,354.
SECTION 3. The City Clerk shall certify to the passage and adoption
of this Resolution and shall enter the same in the book of original
resolutions of said City.
APPROVED AND ADOPTED THIS 28th day of June , 1988.
/ r
Diane P. Boggy,/ Mayor
ATTEST:
City 1erk
I HER�$Y 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 28th day of June , 1988, by the following vote, to wit:
AYES: 5 Council Members: Barb, Cormack, Santangelo, Paul, Boggs
NOES: 0 Council Members: None
ABSENT: 0 Council Members: None
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RESOLUTION NO. 5032
EXHIBIT I
1988 -89 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
Price 3.93% 1.0393
Population .15% 1.0015
Combined Factor 1.0408
1987 -88 Limit $23,100,601
1988 -89 Limit $24,043,106