HomeMy WebLinkAboutResolution No. 5571 RESOLUTION NO. 5571
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT
FOR FISCAL YEAR 1992 -93
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 1992 -93 is calculated by adjusting the appropriations
limit for fiscal 1991 -92 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
1992 -93; and
WHEREAS, Proposition 111, which modifies the appropriations limit,
was passed on the June 5, 1990 ballot.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES RESOLVE
AS FOLLOWS:
Section 1. The appropriation limit for 1992 -93 shall be $29,959,537
for the City of Downey.
Section 2. The appropriations subject to the limit contained in the
1992 -93 Budget are $24,261,204.
Section 3. The City shall recalculate the appropriations limit and
appropriations subject to the limit in order to comply with the new
provisions contained in Proposition 111 once the necessary data is
available.
Section 4. The City Clerk shall certify to the passage and adoption
of this Resolution and shall enter same in the book of original
resolutions of said City.
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Resolution No. 5571
Page 2
APPROVED AND ADOPTED THIS 23rd day of June , 1992.
Mayor
ATTEST:
City Clerk
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by
the City incil of the City e Downey at a regular meeting hereof, held
on the day of , 1992, by the following vote, to
wit:
AYES: 5 COUNCILMEMBERS Cormack, Boggs, Riley, Brazelton, Hayden
NOES: 0 COUNCILMEMBERS None
ABSTAINED: 0 COUNCILMEMBERS None
ABSENT: 0 COUNCILMEMBERS None k ;. -
4 // „t
City Clerk
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RESOLUTION NO. 5571 EXHIBIT I
1992 -93 APPROPRIATION LIST
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
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RESOLUTION NO. 5571 EXHIBIT I
1992 -93 Appropriation List
Page 2
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 3.47% 1.0347
Population 1.91% 1.0191
Combined Factor 1.0545
1986 -87 Limit $22,249,963
1987 -88 Limit $23,462,586
Price 4.66% 1.0466
Population 1.62% 1.0162
Combined Factor 1.0636
1987 -88 Limit $23,462,586
1988 -89 Limit $24,954,806
Price 5.19% 1.0519
Population 1.14% 1.0114
Combined Factor 1.0639
1988 -89 Limit $24,954,806
1989 -90 Limit $26,549,418
Price 4.21% 1.0421
Population 1.36% 1.0136
Combined Factor 1.0563
1989 -90 Limit $26,549,418
1990 -91 Limit $28,044,150
Price 4.14 1.0414
Population 1.73 1.0173
Combined Factor 1.0594
1990 -91 Limit $28,044,150
1991 -92 Limit $29,709,973
Price (0.64) .9936
Population 1.49 1.0149
Combined Factor 1.0084
1991 -92 Limit $29,709,973
1992 -93 Limit $29,959,537
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