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HomeMy WebLinkAboutRES CC 1994 1045 1994 0629RESOLUTION NO. 94- 1045 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, CORRECTING THE CITY'S APPROPRIATION LIMIT AND ESTABLISHING THE APPROPRIATION LIMIT FOR FISCAL YEAR 1994/1995. WHEREAS, Article XIII B of the State Constitution limits annual appropriations of state and local governments; and WHEREAS, Government Code Section 7910 requires that a city establish its annual appropriation limit by resolution at a regularly scheduled or noticed special meeting; and WHEREAS, the City reviewed the Local Agency Formation Commission original incorporation study and found the initial appropriation limit was based on erroneous assumptions of revenues, and WHEREAS, the City has held a public hearing to gather information and testimony regarding the correction of the appropriation limit, and WHEREAS, after due consideration of the testimony and the facts presented; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK CALIFORNIA, DOES RESOLVE, DECLARE, AND ORDER: Section 1. The appropriation limit for fiscal year 1983/1984 is corrected based upon the actual revenues of the City in fiscal year 1987/1988 and is hereby established as $2,400,000. Section 2. The appropriation limit for subsequent years is corrected according to the procedure outlined by the State Department of Finance, considering changes in the county's population and changes in the state's price factor and are as follows. 1983/84 $2,400,000 1988/89 $6,230,099 1984/85 $2,890,070 1989/90 $7,215,977 1985/86 $3,521,337 1990/91 $7,838,607 1986/87 $4,060,757 1991/92 $8,377,816 1987/88 $4,667,898 1992/93 $8,436,575 1993/94 $8,803,840 Section 3. The appropriation limit for fiscal year 94/95 is $9,026,828 based upon the adjustment of the prior year appropriation limit by 1.81 percent for population change in the county and .71 percent for the price factor change in the state as provided by the State Department of Finance. PASSED AND ADOPTED THIS 29th ATTEST: 'Lillian E. Hare, City Clex :: \WPW:.N60 \RES0LUTI \APPftb. I. IV. DAY OF JUNE, 1994. Paul W. Lawrason Jr., Mayor MOORPARK 799 Moorpark Avenue Moorpark, California 93021 (805) 529 -6864 STATE OF CALIFORNIA ) COUNTY OF VENTURA ) ss. CITY OF MOORPARK ) I, Lillian E. Hare, City Clerk of the City of Moorpark, California, do hereby certify under penalty of perjury that the foregoing Resolution No. 94 -1045 was adopted by the City Council of the City of Moorpark at a meeting held on the 29th day of JUNE , 1994, and that the same was adopted by the following vote: AYES: COUNCILMEMBERS HUNTER, MONTGOMERY, PEREZ, WOZNIAK AND NOES: MAYOR LAWRASON NONE ABSENT: NONE ABSTAIN: NONE WITNESS my hand and the official seal of said City this 1st day of JULY 1994. c lian E. Hare City Clerk PAUL W. LAWRASON JR. PATRICK HUNTER SCOTT MONTGOMERY BERNARDO M. PEREZ JOHN E. WOZNIAK Mayor Mayor Pro Tem Councilmember Councllmember Concilmember Printed on Recycled Paper