CC RES 1982-067 RESOLUTION NO. 82-67 .
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO
PALOS VERDES ESTABLISHING THE 1982-83 FISCAL YEAR
APPROPRIATION LIMIT FOR THE CITY OF RANCHO PALOS VERDES
WHEREAS, the City of Rancho Palos Verdes has heretofor established
its 1981-82 Fiscal Year Appropriation Limit as $5,049,797 (Five Million
Forty Nine Thousand Seven Hundred Ninety Seven Dollars); and
II 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 1982-83 Fiscal Year Appropriations Limit;
1981 Calendar Year Per Capita Personal Income
Increase Statewide, plus 6.79%
(Six point seven nine percent) ;
Consumer Price Index change on a March to March
basis for the period ending March, 1982,
plus 9.0% (nine percent);
Population adjustments for 1981, minus 1.2%
(One point two 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 1982-83 Fiscal Year Appropriation
Limit of the City of Rancho Palos Verdes: $5,327,966 (Five Million Three
Hundred Twenty Seven Thousand Nine Hundred Sixty Six Dollars).
SECTION 2: The City Clerk shall certify to the passage of this
Resolution.
APPROVED and ADOPTED this 5th day of October, 1982.
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ATTEST:
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss
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. 82-67 was
duly and regularly passed and adopted by the said City Council at a regular
meeting thereof held on the 5th day of October, 1982.
Alf/ VA,
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City Clerk,,O ity f f ancho ' dos —rdes