CC RES 1992-098RESOLUTION NO. 92 -98
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES ESTABLISHING
THE 1992 -93 FISCAL YEAR APPROPRIATION.LIMIT
FOR THE CITY OF RANCHO PALOS VERDES
WHEREAS, the City of Rancho Palos Verdes has established its
1991 -92 Fiscal Year Appropriation Limit of $10,094,535 (Ten Million
Ninety Four Thousand Five Hundred Thirty Five 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 1992 -93 Fiscal Year
Appropriation Limit:
California Per Capita Personal Income change:
Minus .64% (- Point Six Four Percent).
Los Angeles County Population Adjustment for 1991:
Plus 1.49% (+ One Point Four Nine 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 1992 -93 Fiscal Year
Appropriation Limit of the City of Rancho Palos Verdes:
$ 10,127,307 (Ten Million One Hundred Twenty Seven Thousand Three
Hundred Seven Dollars).
Section 2: The City Clerk shall certify to the passage of this
resolution.
APPROVED AND ADOPTED THE 29th DAY OF SEPTEMBER 1992.
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'-MAYOR
ATTEST:
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St e f California )
C ty 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. 92 -98 was duly
and regularly passed and adopted by the said City Council at
a regular meeting thereof held on September 29, 1992.
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CITY CLARK
CITY OifRANCHO PALOS VERDES