CC RES 1990-052RESOLUTION NOe 90 -52
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES ESTABLISHING
THE 1990-91 FISCAL YEAR APPROPRIATION
LIMIT FOR THE CITY OF RANCHO PALOS VERDES
WHEREAS, the City of Rancho Palos Verdes has
established its 1989-90 Fiscal Year Appropriation Limit of
$8,557,308 (Eight Million Five Hundred Fifty Seven Thousand
Three Hundred Eight 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 1990-91 Fiscal
Year Appropriation Limit.
Consumer Price Index change on a March to
March basis for the period ending March
1990: plus 4.21% (+ Four Point Two One Percent).
Population Adjustment for 1989: plus .19%
(+ Nineteen One Hundreths of One Percent).
NOW THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
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
1990-91 Fiscal Year Appropriation Limit of the City of Rancho
Palos Verdes: $8,934,658 (Eight Million Nine Hundred Thirty
Four Thousand Six Hundred Eight Five Dollars).
Section 2: The City Clerk shall certify to the passage
of this Resolution*
APPROVED AND ADOPTED THE 19T.,,, DAY OF ,TUNE x'19 9 0 .
ATTEST:
CITY CLERK
Site of California
County of Los Angeles
City of Rancho Palos Verdes
)ss
IN
I, JO PURCELL, City Clerk of The City of Rancho Palos Verdes,
hereby certify that the above Resolution No. 90 - 52 was duly
and regularly passed and adopted by the said City Council at
a regular meeting thereof held on June 19, 1990.
CITY LERK '
CITY /OF RANCHO PALOS VERDES
-2- RESOL. NO. 90 -52