HomeMy WebLinkAboutCC Reso No 2004-41RESOLUTION NO. 04- 41
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE
ELSINORE, CALIFORNIA, ESTABLISHING THE APPROPRIATIONS
LIMIT FOR FISCAL YEAR 2004-OS FOR THE CITY OF LAKE
ELSINORE IN ACCORDANCE WITH THE PROVISIONS OF DIVISION
9 OF TITLE 1 OF THE CALIFORNIA GOVERNMENT CODE.
WIIEREAS 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 govemment 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 regulazly 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
WIIEREAS 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-OS fiscal year; and
WHEREAS the City Council of the City of Lake Elsinare wishes to establish the
appropriations limit for fiscal yeaz 2004-OS 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
deternunation of the appropriations limit for the City of Lake Elsinore for fiscal yeaz 2004-OS
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-OS fiscal yeaz.
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 $37,029,&83.
ADOPTED by the City Council and signed by the Mayor and attested by the City
Clerk tlus 22nd day of June, 2004.
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 22nd day of June, 2004, by the following vote, to wit:
Ayes: COUNCILMEMBERS: HICKMAN, KELLEY, MAGEE, SCHIFNER, BUCKLEY
Noes: COUNCILMEMBERS: NONE
Absent: COUNCILMEMBERS: NONE
IN WITNESS HEREOF I have hereunto set my hand and affixed the official seal of
the City ofLake Elsinore, California, t s 25th day of June, 2004
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Vicki Kasad, City Clerk of the City of Lake Elsinore