HomeMy WebLinkAboutCC Reso No 2007-084RESOLUTION NO. 2007-84
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
LAKE ELSINORE, CALIFORNIA, ESTABLISHING THE
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2007-08
FOR THE CITY OF LAI{E ELSINORE IN ACCORDANCE
WTTH THE PROVISIONS OF DIVISION 9 OF TITLE 1 OF
THE CALIFORNIA GOVERNMENT CODE
WHEREAS; Article XIII B of the Constitution of the State of California as
proposed by the Initiative Measure approved by the people at the special statewide
election held on November 6, 1979 and amended in June, 1990 by the people of
the State of California (Proposirion 111), provides that the total annual
appropriations subject to limitations of each local government shall not exceed the
appropriations limit of such entity for the prior year adjusted for changes in the
cost of living and population except as otherwise specifically provided for in said
Article; and
WHEREAS; Section 7910 of the Government Code provides that each year
the governing body of each local jurisdiction shall, by resolution, establish its
appropriations limit for the following fiscal year pursuant to Article XIII B at a
regularly scheduled meeting or a noticed special meeting and that fifteen days prior
to such meeting, documentation used in the determination of the appropriations
limit shall be available to the public; and
WHEREAS; Proposition 111 as approved by the voters of the State of
California, requires a recorded vote of the City Council regarding which of the
annual adjustment factors have been selected each year; and
WHEREAS; at the time of adoption of this resolurion, data necessary to
calculate the increase in the non-residential assessed valuation was not available
from the County Assessor's office; and
WHEREAS; Section 7902(a) of the Government Code sets forth the method
of determining the appropriations limit for each local jurisdiction for the 2007-08
fiscal year~, and
WHEREAS; the City Council of the City of Lake Elsinore wishes to
establish the appropriations limit for fiscal year 2007-08 for the City of Lake
Elsinore.
CITY COUNCIL RESOLUTION NO. 2007-84
PAGE 2 OF 3
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF
LAKE ELSINORE DOES HEREBY RESOLVE, DETERMINE AND
ORDER AS FOLLOWS:
SECTION 1. That it is hereby found and determined that the
documentation used in the determination of the appropriations limit for the City of
Lake Elsinore for fiscal year 2007-08 was available to the public in the Finance
Deparhnent of said Ciry at least fifteen days prior to this date.
SECTION 2. That the growth in California Per Capita Income and City
Population was selected for the 2007-08 fiscal year.
SECTION 3. That there may be a need to amend the inflation factor
selected and adjust the appropriations limit once the non-residential assessed
valuation data becomes available from the county Assessor's Office.
SECTION 4. That the appropriations limit for the City of Lake Elsinare as
established in accordance with Section 7902(a) of the California Government Code
is $55,166,616 for fiscal year 2007-08.
SECTION 3. This Resolution shall take effect from and after the date of its
passage and adoption.
PASSED, APPROVED AND ADOPTED this 12th day of June, 2007, by
the following vote:
AYES: COUNCILMEMBERS: BUCKLEY, HICKMAN, KELLEY,
SCHIFFNER, MAGEE
NOES: COUNCILMEMBERS: NONE
ABSENT: COUNCILMEMBERS: NONE
ABSTAIN: COUNCILMEMBERS:
Robef~. Magee,
City of Lake Els'v
CITY COiTNCIL RESOLUTION NO. 2007-84
PAGE 3 OF 3
AT E5T:
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Michelle Soto, Interim City Clerk
City of Lake Elsinore
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$~'rbara Zeid ~eibold, City Attorney
City of Lake Elsinore