CC RES 1987-035A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOG VERDES ESTABLISHING
THE 1987-88 FISCAL YEAR APPROPRIATION
LIMIT FOR THE CITY OF RANC..FHO PALOS VERDES
WHEREAS, the City of Rancho Palos Verdes has established
its 1986-87 Fiscal Year Appropriation Limit of $7,523,551
(Seven Million Five Hundred Twenty Three Thousand Five
Hundred Fifty One 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 1987-88 Fiscal
Year Appropriation Limitis
Consumer Price Index change on a March
to March basis for the period ending
March 1987: plus 3.04% (+ Three Point
Zero Four Percent).
Population Adjustment for 1987X plus
.64% (+ Sixty Four Hundredths of One
Percent).
NOW THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
Section 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
1987-88 Fiscal Year Appropriation Limit of the City of Rancho
Palos Verdes: $7,801,847 (Seven Million Eight Hundred One
Thousand Eight Hundred Forty Seven Dollars).
Sectig� 2� The City Clerk shall certify to the passage
of this Resolution.
APPROVED and ADOPTED on June 16, 19870S
ATTESTX
.. i-L
CITY CLERK
e of California )
Cdunty 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. 87-35
was duly and regularly passed and adopted by the said City
Council at a regular meeting thereof held Jt..tne 16 1987~
City erk `
City Rancho Palos Verdes
U
"