HomeMy WebLinkAboutResolution No. 12-7345 RESOLUTION NO. 12 -7345
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY APPROVING
AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR
2012 -2013
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 2012-
13 is calculated by adjusting the appropriations limit for fiscal year 2011 -12 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 2012 -13; 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 2012 -13
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
RESOLVE, AS FOLLOWS:
SECTION 1. The appropriation limit for 2012 -13 shall be $127,285,645 for the City of
Downey as calculated in Exhibit 1.
SECTION 2. The appropriations subject to the limit contained in the 2012 -13 Budget are
$38,789,032.
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 26th day ne, 2012.
ELI
OG ; C. BROSSMER, Mayor
ATTEST: ,�—
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ADRIA M. JIMENEZ, CMC
City Clerk
RESOLUTION NO. 12 -7345
PAGE 2
HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of the
City of Downey at a regular meeting thereof held on the 26 day of June, 2012, by the following
vote, to wit:
AYES: Council Members: Guerra, Marquez, Vasquez, Mayor Brossmer
NOES: Council Members: None
ABSTAIN: Council Members: None
ABSENT: Council Members: Gafin
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ADRIA M. JIM M
, C C
City Clerk
RESOLUTION NO. 12 -7345
PAGE 3
___ RESOLUTION NO. 12 -7345
Exhibit 1
Calculation 2012 -2013 Appropriations Limit
2011 -2012 Appropriations Limit $122,202,040
Cost of Living Factor based on percentage change in per 3.77%
capita personal income in California
Population Factor based on percentage change in the 0.38%
population of the County of Los Angeles
Combined Factor 1.042
2012 -2013 Appropriations Limit $127,285,645