CC RES 1993-043RESOLUTION NO. 93 -43
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES ESTABLISHING
THE 1993 -94 FISCAL YEAR APPROPRIATION LIMIT
FOR THE CITY OF RANCHO PALOS VERDES
WHEREAS, the City of Rancho Palos Verdes has established its
1992 -93 Fiscal Year Appropriation Limit of $10,127,307 (Ten Million
One Hundred Twenty Seven Thousand Three Hundred Seven 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 1993 -94 Fiscal Year
Appropriation Limit:
California Per Capita Personal Income change:
Plus 2.72% (+ Two Point Seven Two Percent),
Los Angeles County Population Adjustment for 1991:
Plus .96% (+ Point Nine Six 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 1993 -94 Fiscal Year
Appropriation Limit of the City of Rancho Palos Verdes:
$ 10,502,637 (Ten Million Five Hundred Two Thousand Six Hundred
Thirty Seven Dollars).
Section 2: The City Clerk shall certify to the passage of this
resolution.
APPROVED AND ADOPTED THE 18th DAY OF MAY 19930
MA OR
ATTEST:
. 10
CITY 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. 93 -43 was duly
and regularly passed and adopted by the said City Council at
a regular meeting thereof held on May 18, 19930
CITY CL%k
CITY OF CHO PALOS VERDES