HomeMy WebLinkAboutResolution No. 6778 RESOLUTION NO. 6778
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
DOWNEY APPROVING AND ADOPTING THE ANNUAL
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2004 -2005.
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
2004 -05 is calculated by adjusting the appropriations limit for fiscal year 2003 -04 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
California's per capita personal income and the percentage change in population of the County of
Los Angeles to calculate the appropriations limit for fiscal year 2004 -05; 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 2004 -05.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
RESOLVE, AS FOLLOWS:
SECTION 1. The appropriation limit for 2004 -05 shall be $57,719,248 for the City of
Downey as calculated in Exhibit 1.
SECTION 2. The appropriations subject to the limit contained in the 2004 -05 Budget
are $18,721,564.
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.
RESOLUTION NO. 6778
PAGE TWO
APPROVED AND ADOPTED this 22nd day of June, 2004.
( *
KIRK O. CARTOZIAN, ; yor
ATTEST:
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KATHLEEN L. MIDSTOKKE, City Clerk
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City
Council of the City of Downey at a regular meeting held on the 22nd day of June, 2004, by the
following vote, to wit:
AYES: 5 Council Members: Bayer, McCarthy, Perkins, Trejo, Mayor Cartozian ----
NOES: 0 Council Member: None
ABSENT: 0 Council Member: None
ABSTAINED: 0 Council Member: None
7/addi
KATHLEEN L. MIDSTOKKE, City Clerk