HomeMy WebLinkAboutRES CC 1988 479 1988 0629RESOLUTION NO. 88- 479
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF MOORPARK, CALIFORNIA,
ESTABLISHING THE CITY'S APPROPRIATION
LIMIT FOR THE 1988/89 FISCAL YEAR AND
ESTABLISHING A GANN FUND.
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 is
by resolution at a regularly scheduled or noticed special meeting; and
WHEREAS, as a newly incorporated city, the City of Moorpark'.
initial appropriation limit was determined to be $900,000 for the 1983/f >!,
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
1987/88 $1,751,146
WHEREAS, the appropriations limit is allowed to increase by 28.42%
for the population change in the City and by 3.93% for the price factor and
is calculated at $2,337,201 for 1988/89; and
WHEREAS, On June 7, 1988, the voters approved Measure C which
increases the City's Appropriation Limit for the four year period of 1986/87
through 1989/90 by the amount of the proceeds of taxes collected in excess
of said Limit for each year of the aforementioned four year period as
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NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK,
CALIFORNIA, DOES RESOLVE to hereby establish the Appropriations Limit for
the City of Moorpark for Fiscal Year 1988/89 as the total amount of the
proceeds of taxes collected in 1988/89;
AND, DOES FURTHER RESOLVE to hereby create a Gann Fund, to place in
said Fund the amount of proceeds of taxes collected in 1988/89 that is in
excess of $2,337,201, that all funds in excess of $2,337,201 are
appropriated in 1988/89 for purposes of complying with Article XIII B of the
State Constitution; to also place in the Gann Fund the excess proceeds of
taxes collected in the 1986/87 and 1987/88 Fiscal Years and all such funds
are appropriated in compliance with Article XIII B of the State Constitution
and to expend all funds placed in the Gann Fund consistent with Measure C.
PASSED AND ADOPTED this 29t1) day of June _ 1988.
,John Patrick Lane
ATTEST: Mayor
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MMaureen W. Wall, City Cle '
City of Moorpark, CA
I, Maureen W. Wall, City Clerk of the City of Moorpark, California, do
hereby certify under penalty of perjury, that the foregoing Resolution No.
88- 479 was adopted by the City Council of the City of Moorpark at their
meeting thereof held on the 29th day of __. __.June.__ 1988, and that
the same was adopted by the following vote:
AYES: Councilmembers Brown, Galloway, Harper, Perez and Mayor Lane.
NOES: None.
ABSENT: None.
ABSTAIN: None.
Witness y hand and the official seal of said City this 7th day of
1988. Executed in the City of Moorpark, California,
County of Ventura.
(Seal)