HomeMy WebLinkAboutResolution No. 05-6860 - Adopt Annual Appropriations Limits for FY 2005-06RESOLUTION NO. 056860
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR
FISCAL YEAR 2005-2006.
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 2005-06
is calculated by adjusting the appropriations limit for fiscal year 2004-05 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 Countys 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 2005-06; 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 2005-06.
NOW. THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The appropriation limit for 2005-06 shall be $61,470,999 for the City of
Downey as calculated in Exhibit 1 .
SECTION 2. The appropriations subject to the limit contained in the 200546 Budget are
$22,942,335.
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.
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RESOLUTION NO. 054860
PAGE TWO
APPROVED AND ADOPTED this 28th day of June, 2005.
ANNE M. BAYER:MTo
ATTEST:
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KATHLEEN L. MIDSTOKKE, City Clerk
I HEREBY CERTIFY that the foregoing Resolution was adopted by the City Council of
the City of Downey at a regular meeting held on the 28th day of June, 2005, by the following
vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAINED :
5 Council Members: Cartozian, GaIn, Perkins, Trejo, Mayor Bayer
0 Council Member: None
0 Council Member: None
0 Council Member: None
V{aAa&lap
KATHLEEN L. MIDSTOKKE, City Clerk
RESOLUTION NO. 05-6860
Exhibit 1
Calculation 2005-06 Appropriations Limit
2004-05 Appropriations Limit 557,719,248
Price Factor based on percentage change in California’s per
capita personal income 5.26%
Population Factor based on percentage change in the population
of the County of Los Angeles X 1.18%
Combined Factor 1.0650
2005-06 Appropriations Limit $61 ,470,999
(
8 All previous appropriations limit calculations are on file in the Finance
Department for public inspection