HomeMy Public PortalAboutResolution 11-4760 Factors Used for calculating FY 2011-2012 Annual Appropriation Limit1
1
RESOLUTION NO. 11 -4760
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMPLE
CITY CONFIRMING THE FACTORS USED FOR CALCULATING THE
ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2011 -2012
WHEREAS, the voters of California in November, 1979 added Article XIIIB (Proposition 4) to the
State Constitution placing various limitations on the appropriations of the State and local governments; and
WHEREAS, the voters of California in June, 1990 modified Article XIIIB by approving Proposition
111 and SB 88 (Chapter 60/90) which revised the annual adjustment factors to be applied to the 1986 -87
Limit and each year thereafter; and
WHEREAS, the decision as to which of the factors: a) either the California Per Capita Income or
the percentage change in the local assessment roll from the preceding year due to the addition of local non-
residential construction in the city; b) either the city's own population growth or the entire county; must be
done by a recorded vote of the City Council; and
WHEREAS, the City of Temple City has complied with all the provisions of Article XIIIB in
determining the Appropriations Limit for Fiscal Year 2011 -2012.
NOW, THEREFORE, the City Council of the City of Temple City does resolve, determine and order
as follows:
SECTION 1. The adjustment factors (the California Per Capita Income and the population growth
of the County) are to be applied to the 2010 -11 Limit.
SECTION 2. The accumulated growth in the calculation of these new factors are to be applied to
the Appropriations Limit in Fiscal Year 2011 -2012.
SECTION 3. The Appropriations Limit for Fiscal Year 2011 -2012 shall be $15,687,691 for the City
of Temple City as determined by Exhibit B, attached hereto.
SECTION 4. The City Clerk shall certify to the adoption of this resolution.
APPROVED AND ADOPTED this 28th day of June, 2011
ATTEST:
Resolution No. 11 -4760
Page 2
I hereby certify that the foregoing resolution, Resolution No. 11 -4760 was duly adopted by the City
Council of the City of Temple City at a regular meeting held on the 28th day of June, 2011 by the following
vote:
AYES: Councilmember —Blum, Sternquist, Yu, Chavez
NOES: Councilmember -None
ABSENT: Councilmember - Vizcarra
/ ►' I(k.Jt- / z
City Clerk Q
1
1
1