HomeMy WebLinkAboutResolution No. 07-6994 - Adopt Annual Appropriations Limits for FY 2007-08RESOLUTION NO. 07-6994
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF DOWNEY
APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR
FISCAL YEAR 2007-2008.
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 1 11, 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 2007-
08 is calculated by adjusting the appropriations limit for fiscal year 2006-07 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
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 2007-08; 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 2007-08.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF DOWNEY DOES
RESOLVE, AS FOLLOWS:
SECTION 1. The appropriation limit for 2007-08 shall be $69,664,905 for the City of
Downey as calculated in Exhibit 1 .
SECTION 2. The appropriations subject to the limit contained in the 2007-08 Budget are
$31 ,768,391 .
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 of June ,
iJ„,
ATTEST:
Wa/@A/4'
KATHLEEN L. MIDSTOKKE, City Clerk
RESOLUTION NO. 07-6994
PAGE TWO
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 26th day of June, 2007, by the following
vote, to wit:
AYES :
NOES:
ABSTAINED:
ABSENT:
5 Council Members: Bayer, Cartozian, Gafin, Guerra, MayorTrejo
0 Council Member: None
0 Council Member: None
0 Council Member: None
%X//hi>k.OrIMaX/a>
KATHLEEN L. MIDSTOKKE, City Clerk
RESOLUTION NO. 07-6994
PAGE THREE
Exhibit 1
Calculation 2007-08 Appropriations Limit
2006-07 Appropriations Limit $64,403, 166
Price Factor based on percentage change in total assessed
valuation due to non-residential new construction in the City
7.40%
Population Factor based on percentage change in the
population of the County of Los Angeles
0.72%
Combined Factor 1.0817
$69,664,9052007-08 Appropriations Limit