CC RES 1986-049RESOLUTION N0, 86 -49
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF RANCHO PALOS VERDES ESTABLISHING
THE 1986 -87 FISCAL YEAR APPROPRIATION
LIMIT FOR THE CITY OF RANCHO PALOS VERDES
WHEREAS, the City of Rancho Palos Verdes has herefor established its
1985 -86 Fiscal Year Appropriation Limit of $7,244,291 (Seven Million Two -
Hundred Fourty Four Thousand Two Hundred Ninety -One Dollars); and
WHEREAS, to the best of this City's knowledge and belief the State De-
partment of Finance figures reflect the following statistics relevant to
the calculation of the 1986 -87 Fiscal Year Appropriation Limit:
Consumer Price Index change on a March
to March basis for the period ending
March 1986: plus 2.30% (+ Two Point
Three Zero Percent),
Population adjustment for 1986: plus
1.52% (+ One Point Five Two Percent),
NOW THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
Section 1: Based on the foregoing figures and the provisions of Arti-
cle XIII B of the Constitution of the State of California, the following
figure accurately represents the 1986 -87 Fiscal Year Appropriation Limit of
the City of Rancho Palos Verdes: $7,523,551 (Seven Million Five Hundred
Twenty Three Thousand Five Hundred Fifty One Dollars),
Section 2: The City Clerk shall certify to the passage of this Resolu-
tion.
APPROVED and ADOPTED on August 5, 1986.
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Nun
MAYOR
County of Los Angeles
City of Rancho Palos Verdes
ss
I , JO PURCELL, City Clerk of the City of Rancho Palos Verdes ,
hereby certify that the above Resolution No. 86 -49 was duly and regularly
passed and adopted by the said City Council at a regular meeting thereof
held on August 5. 1986. ?1
City / /Clerk
Citw /of Rancho Palos Verdes
702CP /RES6.1