CC RES 1983-057RESOLUTION N0983- 57
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES ESTABLISHING THE 1983 -84
FISCAL YEAR APPROPRIATION LIMIT FOR THE CITY
OF RANCHO PALOS VERDES
WHEREAS, The City of Rancho Palos Verdes has herefor established
its 1982 -83 Fiscal Year Appropriation Limit as $5,327,966 (Five Million
Three Hundred Twenty Seven Thousand Nine Hundred Sixty Six 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 1983 --84 Fiscal Year Appropriations
Limit;
1982 Calendar Year Per Capita Personal Income
Increase Statewide, plus 2.35%
(two point three five percent);
Consumer Price Index change on a March to March
basis for the period ending March, 1983,
plus 3.6% (three point six percent);
Population adjustments for 1982, plus .29%
(point two nine 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 1983 -84 Fiscal Year Appropriation Limit of the
City of Rancho Palos Verdes: $5,469,157 (Five Million Four Hundred Sixty Nine
Thousand One Hundred Fifty Seven Dollars).
Section 2: The City Clerk shall certify to the passage of this
Resolution.
APPROVED and ADOPTED this 20th day of September, 1983.
5•
�x � I► II
.III
State of California
County of Los Angeles ) es
City of Rancho Palos Verdes
I, MARY JO LOFTHUS , City Clerk of the City Council of the City of
Rancho Palos Verdes, hereby certify that the above Resolution No.83 -57 ,was duly
and regularly passed and adopted by the said City Council at a regular meeting
thereof held on the 20th day of September, 1983.
I -
G G
City Cler Ci o Rancho aloe erdes
I i
V
Resolution No. 83 -57 -
70OX -A29 ,Al2