HomeMy WebLinkAboutCC Reso No 2006-082RESOLUTION NO. 2006-82
RESOLUTION OF THE CTTY COUNCIL OF THE CITY OF
LAKE ELSINORE, CALIFORNIA, ESTABLISHING THE
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2005-06 AND
2006-07 FOR THE CITY OF LAKE ELSINORE IN
ACCORDANCE WITH THE PROVISIONS OF DIVISION 9 OF
TITLE 1 OF THE CALIFOI2NIA GOVERNMENT CODE
WHEREAS; Article XIII B of the Consritution of the State of
California as proposed by the Initiative 1VIeasure approved by the people at the
special statewide election held on November 6, 1979 and amended in 7une, 1990
by the people of the State of California (Proposition 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 resolution, 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
2005-06 and 2006-07 fiscal year; and
WHEREAS; the City Council of the City of Lake Elsinore wishes to
establish the appropriations limit far fiscal year 2005-06 and 2006-07 for the City
of Lake Elsinore.
CITY COUNCIL RESOLUTION NO. 2006-82
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 2005-06 and 2006-07 was available to the public in
the Finance Department of said City at least fifteen days prior to this date.
SECTION 2. That the growth in California Per Capita Income and
City Population were selected for the 2005-06 and 2006-07 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 a~ailable from the county Assessor's Office.
SECTION 4. That the appropriations limit for the City of Lake
Elsinore as established in accordance with Section 7902(a) of the California
Govemment Code is $41,133,387 far 2005-06 and $45,773,233 for 2006-07.
SECTION 3. This Resolution shall take effect from and after the date
of its passage and adoption.
PASSED, APPROVED AND ADOPTED this 13th day of June, 2006, by
the following vote:
AYES: COiJNCILMEMBERS: Buckley, Hickman, Kelley,
Schiffner, Magee
NOES: COiJNCILMEMBERS: None
ABSENT: COiJNCILMEMBERS: None
ABSTAIN: COUNCILMEMBERS:
City of Lake
CITY COLTNCIL RESOLUTION NO. 2006-82
Page 3 of 3
ATTE~T:
Frederick Ra~ City Clerk
City of Lake Elsinore
AP OVED AS O F RM:
~
rbara Zeid eibold, City Attorney
City of Lake Elsinore