CC RES 1995-049RESOLUTION NO. 95 -49
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES ESTABLISHING
THE 1995 -96 FISCAL YEAR APPROPRIATION LIMIT
FOR THE CITY OF RANCHO PALOS VERDES
WHEREAS, the City of Rancho Palos Verdes has established its 1994 -95
Fiscal Year Appropriation Limit of $10,656,534 (Ten Million Six
Hundred Fifty Six Thousand Five Hundred Thirty Four 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 1995 -96 Fiscal Year Appropriation
Limit:
California Per Capita Personal Income change:
Plus 4.72% (+ Four Point Seven Two Percent).
Los Angeles County Population Adjustment:
Plus .33% (+ Zero Point Thirty Three Percent),
BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES:
Section 1: Based on the foregoing
Article XIII B of the Constitution
following figure accurately repress
Appropriation Limit of the City of
(Eleven Million One Hundred Ninety
Nine Dollars) .
figures and the provisions of
of the State of California, the
ents the 1995 -96 Fiscal Year
Rancho Palos Verdes: $11,196,349
Six Thousand Three Hundred Forty
Section 2: The City Clerk shall certify to the passage of this
resolution.
APPROVED AND ADOPTED THE 16th DAY OF MAY 19950
MAYU
ATTEST.
CITY 1CLERK
Stage 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. 95 -49 was duly and regularly
passed and adopted by the said City Council at a regular meeting
thereof held on May 16, 1995,
CITY CL
CITY 0 RANCHO PALOS VERDES