HomeMy Public PortalAbout93-110 (09-21-93)RESOLUTION NO. 93-110
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LYNWOOD ESTABLISHING THE APPROPRIATIONS LIMIT
FOR THE FISCAL YEAR 1993-94
WHEREAS, the City Council is required by Government Code
7910, to establish its appropriations limit by resolution and
approve appropriate inflation and population factors used in
computing limit; and
WHEREAS, staff has calculated the City's Annual Appropri-
ation Limit utilizing the California Per Capita Income and the
City of Lynwood's percentage (%) change in population as growth
factors; and
WHEREAS, documentation used in calculating limit has
been made available for public review in the City Clerk's Office
prior to the Public Hearing.
NOW, THEREFORE, the City Council of the City of Lynwood
does hereby find, proclaim, order and resolve as follows:
Section 1. That the City of Lynwood's Appropriation
Limit for the Fiscal Year 1993-94 shall be $11,643,447.
Section 2. That the growth factors used in computing
F.Y. 1993-94 Limit shall be the percentage change in California
per Capita Income and the percentage change in population in the
City of Lynwood.
Section 3. That_ this resolution shall take effect imme-
diately upon its adoption.
1993.
ATTEST:
PASSED, APPROVED AND ADOPTED
this 2lstday of September
Paul H. Richards, MAYOR
City of Lynwood
APPROVED AS TO FORM:
Andrea L. Hooper, CITY CLERK City ttorney
APPROVED AS TO CONTENT:
A f~etta F. Earnest
Director of Finance
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
S.
I, the undersigned, City Clerk of the City of Lynwood, do
hereby certify that the foregoing resolution was passed and adopted
by the City Council of the City of Lynwood at a regular meeting held
on the st day of September , 1993.
AYES: COUNCILMEMBER BYRD, HEINE, REA, WELLS, RICHARDS
NOES:.. NONE
ABSENT: NONE
~ )> J~~~
City Clerk, City of Lyn ood
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
S.
I, the undersigned, City Clerk of the City of Lynwood, do
hereby certify that the foregoing resolution was passed and adopted
by the City Council of the City of Lynwood at a regular meeting held
on the ~lct day of September 1993.
AYES:
NOES:
ABSENT:
C01-011
COUNCILMEMBER BYRD, HEINE, REA, RICHARDS
NONE
NONE
City Clerk, City of Lyn~ood
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