CC RES 2000-030 RESOLUTION NO. 2000-30
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES ESTABLISHING
THE FISCAL YEAR 2000-01 APPROPRIATION LIMIT
FOR THE CITY OF RANCHO PALOS VERDES
WHEREAS, the City of Rancho Palos Verdes has established its 1999-00 Fiscal Year
Appropriation Limit of$14,018,787 (Fourteen Million Eighteen Thousand Seven Hundred and
Eighty Seven Dollars); and
WHEREAS, by letters, dated May 1, 2000 and May 18, 2000, the California Department of
Finance has provided the following factors relevant to the calculation of the 2000-01 Fiscal
Year Appropriation Limit:
California Per Capita Personal Income change:
Plus 4.91% (+ Four Point Nine One Percent).
City of Rancho Palos Verdes Population Adjustment:
Plus 1.80% (+ One Point Eight Zero Percent)
WHEREAS, the City Finance staff has calculated the 2000-2001 Fiscal Year Appropriation
Limit 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 2000-01 Fiscal Year Appropriation Limit of the City of Rancho Palos Verdes
establishes the ceiling for which proceeds from taxes can be appropriated.
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
Section 1: The 2000-01 Fiscal Year Appropriation Limit of the City of Rancho Palos Verdes is
$14,971,838 (Fourteen Million Nine Hundred Seventy One Thousand Eight Hundred Thirty
Eight Dollars).
Section 2: The Fiscal Year 2000-01 Appropriation Limit of the City of Rancho Palos Verdes in
the amount of$14,971,838 (Fourteen Million Nine Hundred Seventy One Thousand Eight
Hundred Thirty Eight Dollars) exceeds the proceeds from taxes, calculated in the amount of
$8,047,400 (Eight Million Forty Seven Thousand and Four Hundred Dollars). 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 6th DAY OF JUNE, 2000.
MAYOR
ATTEST:
414 . 1
• _ _
CI CLERK
State of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, JO PURCELL, City Clerk of The City of Rancho Palos Verdes, hereby certify that the above
Resolution No. 2000-30 was duly and regularly passed and adopted by the said City Council
at a regular meeting thereof held on June 6, 2000.
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-2- Resol. No. 2000-30