HomeMy WebLinkAboutCC Reso No 2005-047
RESOLUTION NO. 2005 - 47
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF LAKE ELSINORE, CALIFORNIA, ESTABLISHING THE
APPROPRIATIONS LIMIT FOR FISCAL YEAR 2005-06
FOR THE CITY OF LAKE ELSINORE IN ACCORDANCE
WITH 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 (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 III 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 fiscal year; and
WHEREAS the City Council of the City of Lake Elsinore wishes to
establish the appropriations limit for fiscal year 2005-06 for the City of Lake
Elsinore.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the
City of Lake Elsinore, California, 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 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 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 Elsinore
as established in accordance with Section 7902(a) of the California Government
Code is $41,203,279.
ADOPTED by the City Council and signed by the Mayor and attested by
the City Clerk this 24th day of May, 2005.
Mayor of the City of Lake
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Vicki Kasad, City Clerk of the City of Lake Elsinore
I, Vicki Kasad, City Clerk of the City of Lake Elsinore, California,
hereby certify that the foregoing resolution was duly and regularly introduced and
adopted by the City council of said City at its meeting held on the 24th day of May,
2005, by the following vote, to witness:
i\yes: BUCKLEY, HICKMAN, KELLEY, MAGEE, SCHIFFNER
Noes: NONE
i\bsent: NONE
IN WITNESS HEREOF I have hereunto set my hand and affixed the
official seal of the City of Lake Elsinore, Califor.nia, this 24 th day of
May. 2005
2SJL ~
Vicki Kasad, City Clerk of the City of Lake Elsinore