HomeMy WebLinkAboutRES CC 1992 858 1992 0617RESOLUTION NO. 92 - 858
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF MOORPARK, CALIFORNIA, ESTABLISHING
THE CITY'S APPROPRIATION LIMIT FOR THE 1992/93
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 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 follow=:
1984/85
$1,083,776
1985/86
$1,320,501
1986/87
$1,523,379
1987/88
$1,751,146
1988/89
2,337,201
1989/90
2,707,050
1990/91
2,940,628
1991/92
3,142,910
WHEREAS, On June 7, 1988, the voters approved Measure "C"
which increases the City's Appropriation Limit for the four year
period of beginning fiscal year 1986/87 through fiscal year
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 provided for in krticle XIII B of the State
Constitution; and
WHEREAS, the 1991/92 appropriation limit was $3,142,910
based on a population growth of 2.63% and a price factor change
of 4.14 %; and
WHEREAS, the appropriations limit is allowed to increase by
1.65% for the population change in the County and is adjusted by
.9936% for the price factor change and is calculated at
$3,174,321 for fiscal year 1992/93; and
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 1992/93 as
$3,174,321.
PASSED AND ADOPTED this
ATTEST:
illian Kellerman, City C
City of Moorpark, CA �
i � f
RES:GANNFUND
7t. i day of
,JUNE
Paul W. Lawrason Jr.0
Mayor
, 1992.
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gar
MOORPARK
799 Moorpark Avenue Moorpark. California 93021 (805) 529 -6864
STATE OF CALIFORNIA )
COUNTY OF VENTUR-A
CITY OF MOORPARK )
I, Lillian E. Kellerman, City Clerk of the City of Moorpark,
California, do hereby certify under penalty of, perjury th,3t
the foregoing Resolution No. ' _8',8 was adopted by the
City Council of the City of Mocrp,trE; it ,3 meeting herd or.
the 17th _ d,iy cif ll'NF 1992, and that.
the same was ,adopted by the fo)..owing vote:
AYES: COUW I LMEMBEKS MONTGOMh:kY !'FR1 -.'Z., TALLEY, WOZNIAK AND MAYOR LAWKASON
NOES: NONE
ABSENT: NONE
ABSTAIN: NONF
WITNESS my hand and th.(- OIfic1[11 seal of �;,3id Citd
this l8th - -- day of JUNE - 1992.
1 1 i,in I'. Kel er-man
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'AUI VV I AWNASr7N .,1-1 "k,r, r• h .V01% AK •I rt �r. •. .•,� i .,I �Y:AI•UG Id :�� ., i