CC RES 1996-037RESOLUTION NO. 96 -37
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES ESTABLISHING
THE 1996 -97 FISCAL YEAR APPROPRIATION LIMIT
FOR THE CITY OF RANCHO PALOS VERDES
WHEREAS, the City of Rancho Palos Verdes has established its 1995 -96 Fiscal Year
Appropriation Limit of $11,196,349 (Eleven Million One Hundred Ninety Six Thousand Three
Hundred Forty Nine Dollars); and
WHEREAS, to the best of this City's knowledge and belief the State Department of Finance
figures reflect the following statistics relevant to the calculation of the 1996 -97 Fiscal Year
Appropriation Limit:
California Per Capita Personal Income change:
Plus 4.67% (+ Four Point Six Seven Percent).
Los Angeles County Population Adjustment:
Plus .48% (+ Zero Point Four Eight Percent).
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
Section 1: Based on the foregoing figures and the provisions of Article XIII B of the
Constitution of the State of California, the following figure accurately represents the 1996 -97
Fiscal Year Appropriation Limit of the City of Rancho Palos Verdes: $11,775,471 (Eleven
Million Seven Hundred Seventy Five Thousand Four Hundred Seventy One Dollars).
Section 2: The City Clerk shall certify to the passage of this resolution.
APPROVED AND ADOPTED THE 4th DAY OF JUNE, 1996.
State of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
MAYP R
1
I, JO PURCELL, City Clerk of The City of Rancho Palos Verdes, hereby certify that the
above Resolution No. 96 -37 was duly and regularly passed and adopted by the said City
Council at a regular meeting thereof held on June 4, 1996.
CITY C L K
CITY OF NCHO PALOS VERDES