CC RES 1981-068 RESOLUTION NO. 81- 68
A•RESOLUTION OF THE CITY COUNCIL OF THE CITY OF RANCHO PALOS VERDES
ESTABLISHING THE 1981-82 FISCAL YEAR APPROPRIATION LIMIT FOR THE
CITY OF RANCHO PALOS VERDES
WHEREAS, the City of Rancho Palos Verdes has heretofor established its
Base Year Appropriations Limit as $4,717,506 (Four Million Seven Hundred Seventeen
Thousand Five Hundred 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 1981-82 Fiscal Year Appropriations Limit:
1980 Calendar Year Per Capita Personal Income
Increase Statewide, plus 9.12%
(Nine point one two percent) ;
Consumer Price Index change on a March to March
basis for the period ending March 1981,
plus 10.6% (Ten point six percent)
Population adjustments for 1980, minus 1.9%
(One point nine percent)
NOW THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
SECTION 1: Based on the foregoing figures and the provisions of Article XIIIB
of the Constitution of the State of California, the following figure accurately
represents the 1981-82 Fiscal Year Appropriation Limit of the City of Rancho
Palos Verdes:$5,049,797 (Five Million Forty Nine Thousand Seven Hundred Ninety
Seven Dollars) .
SECTION 2: The City Clerk shall certify to the passage of this Resolution.
APPROVED AND ADOPTED this 15th day of September, 1981.
60-thalua.d‘)
MAYOR
DONALD F. GULU Z ZY, CITY CLERK &
EX OFFICIO CLERK OF THE COUNCIL
0( CITY ki RK
11/ I HEREBY CERTIFY that the foregoing is a true and correct copy of Resolution No. 81-68
passed and adopted by the City Council of Rancho Palos Verdes at a meeting thereof held
on the 15th day September, 1981.
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