CC RES 1988-030RESOLUTION NO* 88-30
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES ESTABLISHING
THE 1988-89 FISCAL YEAR APPROPRIATION
LIMIT FOR THE CITY OF RANCHO PALOS VERDES
WHEREAS, the City of Rancho Palos Verdes has established
its 1987-88 Fiscal -Year Appropriation Limit of $7,801,847
(Seven Million Eight Hundred One Thousand Eight Hundred Forty
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 1988-89 Fiscal
Year Appropriation Limit:
Consumer Price index change on a March to
March basis for the period ending March 1988:
plus 3.934 (+ Three Point Nine Three Percent).
Population Adjustment for 1988: plus .53%
(+ Fifty Three Hundredths of one Percent),
NOW THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS,
Section 1: based on the foregoing f igures and the
provisions of Article XIII B of the Constitution of the State
of California, the following figure accurately represents the
1988-89 Fiscal Year Appropriation Limit of the City of Rancho
Palos Verdes: $8,151,370 (Eight Million one Hundred Fifty
one Thousand Three Hundred Seventy Dollars).
Section 2*- The City Clerk shall certify to the passage
of this Resolution.
APPROVED and ADOPTED on the 8th day of June, 198
mot)
AT E
CITY CLERK
StaVe of California
County of Los Angeles ss
City of Rancho Palos Verdes
I, JO PURCELLF City Clerk of the City of Rancho Palos
Verdes, hereby certify that the above Resolution No. 88-30
was duly and regularly passed and adopted by the said City
Council at a regular meeting thereof held on June 8, 1988.
city Clerk
Cityf f Rancho Palos Verdes