HomeMy WebLinkAboutRES CC 1987 401 1987 0715RESOLUTION NO. 87 - 401
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK,
CALIFORNIA, ESTABLISHING THE CITY'S APPROPRIATION LIMIT
FOR THE 1987/88 FISCAL YEAR.
WHEREAS, Article XIII B of the State Constitution limits the annual
appropriations of state and local governments; and
WHEREAS, Government Code Section 7910 requires that a governmental
entity establish its annual appropriation limit pursuant to Article XIII B
by resolution at a regularly scheduled or noticed special meeting; and
WHEREAS, as a newly incorporated city the City of Moorpark's initial
appropriation limit was determined to be $900,000 for the 1983/84 Fiscal
Year; and
WHEREAS, the appropriation limit for subsequent fiscal years were
calculated to be as follows:
1984/85 $1,083,776
1985/86 $1,320,501
1986/87 $1,523,379
WHEREAS, the appropriations limit is allowed to increase by 11.56%
for the population change in the city and by 3.04% for the price factor for
1987/88.
NOW, THEREFORE, the City Council of the City of Moorpark,
California, does hereby establish the appropriations limit for the City of
Moorpark for 1987/88 at $1,751,146.
PASSED AND ADOPTED this 15th day of July, 1987.
Q�'D_ Halo-,
Clint D. Harper, Ph.D.
Mayor of the City of
Moorpark
ATTFST-
I, Maureen W. Wall, City Clerk of the City of Moorpark, California, do
hereby certify under penalty of perjury, that the foregoing Resolution No.
87- 401 was adopted by the City Council of the City of Moorpark at their
meeting thereof held on the 15th day of July 1987, and that
the same was adopted by the following vote:
AYES: Councilmembers Brown, Galloway, Lane and Mayor Harper.
NOES: None.
ABSENT: Councilmember Ferguson.
ABSTAIN: None.
Witness my hand and the official seal of said City this 16th day of
July , 1987. Executed in the City of Moorpark, California,
County of Ventura.