HomeMy WebLinkAboutCC Reso No 2005-110RESOLUTION N0.2005-110
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 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 2004-2005 and
2005-2006 fiscal year; and
WHEREAS the City Council of the City of Lake Elsinore wishes to establish
the appropriations limit for fiscal year 2004-2005 and 2005-2006 for the City of Lake
Elsinore.
CITY COUNCIL RESOLUTION N0.2005-110
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 2004-2005 and 2005-2006 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 2004-2005 and 2005-2006 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
$36,967,185 for 2004-2005and $41,133,516 for 2005-2006.
SECTION 5. This Resolution shall take effect from and after the date of its
passage and adoption.
PASSED, APPROVED AND A~IO~T~ thisj2~rtl day of August, 2005.
Robert E. Magee,
City of Lake Elsit
ATT
Frederick Ray, Deputy City Clerk
City of Lake Elsinore
AS
ara Zeid
of Lake
CITY COUNCIL RESOLUTION NO. 2005-110
Page 3 of 3
I, Frederick Ray, Deputy 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 23`d day of August,
2005, by the following vote, to witness:
AYES: COUNCILMEMBERS:
BUCKLEY, HICKMAN, KELLEY,
SCHIFFNER, MAGEE
NOES: COUNCILMEMBERS:
ABSENT: COUNCILMEMBERS
ABSTAIN: COUNCILMEMBERS
NONE
NONE
NONE
IN WITNESS HEREOF I have hereunto set my hand and affixed the official
seal of the City of Lake Elsinore, California, this 23rd day of August, 2005.
Frederick Ray, i~puty City Clerk
City of Lake Elsinore