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HomeMy WebLinkAbout11-25 - Adopting Appropriations Limit for FY 2011-2012RESOLUTION NO. 11-25 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COSTA MESA, CALIFORNIA, DETERMINING AND ADOPTING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2011-2012, IN ACCORDANCE WITH ARTICLE XIII -B OF THE CONSTITUTION OF THE STATE OF CALIFORNIA, AS AMENDED BY PROPOSITION 111 AND SENATE BILL 88. THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY RESOLVE AS FOLLOWS: WHEREAS, Article XIII -B was added to the Constitution of the State of California at a general election held on November 6, 1979; and WHEREAS, Article XIII -B was subsequently modified by Proposition 111 and Senate Bill 88 (Chapter 60/90) at a general election held on June 5, 1990; and WHEREAS, in accordance with Section 7910 of the Government Code of the State of California, an annual appropriations limit must be established for this City effective for the fiscal year beginning July 1, 2011; and WHEREAS, the City has chosen to use the California per capita income percentage change of 2.51 % and the County's population growth rate of 0.70% as the factors to be used in calculating its appropriations limit for Fiscal Year 2011-2012; and WHEREAS, these factors are applied to the City's adopted appropriations limit for Fiscal Year 2010-2011 in determining the City's appropriations limit for Fiscal Year 2011-2012; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Costa Mesa as follows: The appropriations limit for Fiscal Year 2011-2012 is established at $171,719,781.00. PASSED AND ADOPTED this 21 st day of June, 2011. C, Gary Monahan, M yor ATTEST: JuWFolcik, City Clerk APPROVED AS TO FORM: Thomas Duarte, City Attorney 1 1 1 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss CITY OF COSTA MESA ) I, JULIE FOLCIK, City Clerk of the City of Costa Mesa, DO HEREBY CERTIFY that the above and foregoing is the original of Resolution No. 11-25 and was duly passed and adopted by the City Council of the City of Costa Mesa at a regular meeting held on the 21 st day of June, 2011, by the following roll call vote, to wit: AYES: COUNCIL MEMBERS: NOES: COUNCIL MEMBERS: ABSENT: COUNCIL MEMBERS: MONAHAN, RIGHEIMER, BEVER, LEECE, MENSINGER NONE NONE IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of the City of Costa Mesa this 22nd day of June, 2011. (SEAL) 1 JUL ° FOLCIK, CITY CLERK