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Home My WebLink AboutResolution No. 5823 RESOLUTION NO. 5823 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 1994 -95 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 1994 -95 is calculated by adjusting the appropriations limit for fiscal 1993 -94 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 of the provisions of Article X I I I - B in determining the appropriations limit for Fiscal Year 1994 -95; 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 appropriations limit for 1994 -95 shall be $31,777,971 for the City of Downey. Section 2. The appropriations subject to the limit contained in the 1994 -95 Budget are $24,576,828. 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. -1- bl C:appro- li.mit Resolution No. 5823 Page 2 • APPROVED AND ADOPTED THIS 28th day of June , 1994. Rayor ' ober 'S . B azel • n ATTEST: 4T4 �i y Clerk 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 28th day of June , 1994, by the following vote, to wit: AYES: 5 Councilmembers: McCaughan, Riley, Boggs, Lawrence, Brazelton NOES: 0 Councilmembers: None • ABSTAINED: 0 Councilmembers: None ABSENT: 0 Councilmembers: None 'ity Clerk -2- bl C:appro- li.mit • • RESOLUTION NO. 5823 EXHIBIT I 1994 -95 APPROPRIATIONS 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 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 -1- bt C:appro- li.mit RESOLUTION NO. 5823 EXHIBIT I 1994 -95 Appropriations List 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 $28,046,078 Price 4.14 1.0414 Population 1.73 1.0173 Combined Factor 1.0594 1990 -91 Limit $28,046,078 1991 -92 Limit $29,712,015 Price (0.64) .9936 Population 1.49 1.0149 Combined Factor 1.0084 1991 -92 Limit $29,712,015 1992 -93 Limit $29,961,596 -2- bl C:appro- li.mit RESOLUTION NO. 5823 EXHIBIT I 1994 -95 Appropriations List Price 2.72 1.0272 Population 1.08 1.0108 Combined Factor 1.0383 1992 -93 Limit $29,961,596 1993 -94 Limit $31,109,125 Price 0.71 1.0071 Population 1.43 1.0143 Combined Factor 1.0215 1993 -94 Limit $31,109,125 1994 -95 Limit $31,777,971 -3- bl C:appro -limit r--a