CC RES 2009-039 RESOLUTION NO. 2009-39
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES ESTABLISHING
THE FISCAL YEAR 2009-2010 APPROPRIATION LIMIT
FOR THE CITY OF RANCHO PALOS VERDES.
WHEREAS, the City of Rancho Palos Verdes has established its Appropriation Limit of
$22,239,555 (Twenty-Two Million, Two Hundred and Thirty-Nine Thousand, Five Hundred
and Fifty-Five Dollars) for FY09-10; and
WHEREAS, by a letter, dated May 2009, the California Department of Finance has provided
the following factors relevant to the calculation of the Appropriation Limit for FY09-10:
California Per Capita Personal Income change:
Plus 0.62% (+ Zero Point Six Two Percent)
County of Los Angeles Population Adjustment:
Plus 0.90% (+ Zero Point Nine Percent)
WHEREAS, the City Finance staff has calculated the Appropriation Limit for FY09-10 based
upon the foregoing factors and the provisions of Article XIII B of the Constitution of the State
of California. The working papers supporting the calculation are maintained in the files of the
Finance department within the City.
WHEREAS, the Appropriation Limit for the City of Rancho Palos Verdes establishes the
ceiling for which proceeds from taxes can be appropriated during FY09-10.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
Section 1: The Appropriation Limit of the City of Rancho Palos Verdes is $22,239,555
(Twenty-Two Million, Two Hundred and Thirty-Nine Thousand, Five Hundred and Fifty-Five
Dollars) for FY09-10.
Section 2: The Appropriation Limit of the City of Rancho Palos Verdes in the amount of
$22,239,555 (Twenty-Two Million, Two Hundred and Thirty-Nine Thousand, Five Hundred
and Fifty-Five Dollars) exceeds the proceeds from taxes, calculated in the amount of
$14,598,734 (Fourteen Million, Five Hundred and Ninety-Eight Thousand, Seven Hundred
and Thirty-Four Dollars) for FY09-10. Therefore, the City of Rancho Palos Verdes shall be in
compliance with the provisions of Article XIII B of the Constitution of the State of California.
Section 3: The City Clerk shall certify to the passage of this resolution.
APPROVED AND ADOPTED THE 30th DAY OF JUNE 2009.
Mayor -
ATTEST:
gef/da-
City Clerk
State of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, Carla Morreale, City Clerk of The City of Rancho Palos Verdes, hereby certify that the
above Resolution No. 2009-39 was duly and regularly passed and adopted by the said City
Council at a regular meeting thereof held on June 30, 2009.
4 /
City Clerk
Resolution No. 2009-39
Page 2 of 2