HomeMy WebLinkAboutResolution No. 6678 RESOLUTION NO. 6678
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING AND
ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2003 -2004.
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, Proposition 111, which modifies the appropriations limit, was passed on the June 5,
1990 ballot; and
WHEREAS, Article XIII -B provides that the appropriations limit for the fiscal year 2003-04 is
calculated by adjusting the appropriations limit for fiscal year 2002 -03 for the percentage changes in
California's per capita personal income or City's total assessed valuation due to new non - residential
construction; and the percentage changes in the County's or City's population; and
WHEREAS, the factors may be selected by annual elections of the City Council; and
WHEREAS, the City Council of the City of Downey elects the percentage change in the City's total
assessed valuation due to new non - residential construction and the percentage change in population of the
County of Los Angeles to calculate the appropriations limit for fiscal year 2003 -04; and
WHEREAS, the information necessary for making these adjustments is attached in Exhibit 1; and
WHEREAS, the City of Downey has complied with all of the provisions of Article XIII -B in
determining the appropriations limit for fiscal year 2003 -04.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
RESOLVE, AS FOLLOWS:
SECTION 1. The appropriation limit for 2003 -04 shall be $55,122,957 for the City of Downey as
calculated in Exhibit 1.
SECTION 2. The appropriations subject to the limit contained in the 2003 -04 Budget are
$29,982,224.
SECTION 3. 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.
APPROVED AND ADOPTED this 24th day of June, 2003.
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RICK TREJO, Mayor
ATTEST:
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KATHLEEN L. MID S TOTKKE, City Clerk
RESOLUTION NO. 6678
PAGE TWO
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 24th day of June, 2003, by the following vote, to wit:
AYES: 4 Council Members: Bayer, McCarthy, Perkins, Mayor Trejo
NOES: 0 Council Members: None
ABSENT: 1 Council Members: Cartozian
ABSTAIN: 0 Council Members: None
VAX,/,, be 272,11dth
KATHLEEN L. MIDSTOKKE, City Clerk