CC RES 2025-038 RESOLUTION NO. 2025-38
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
RANCHO PALOS VERDES ESTABLISHING THE FISCAL
YEAR (FY) 2025-26 APPROPRIATION LIMIT AT
$41,067,843 FOR THE CITY OF RANCHO PALOS VERDES
WHEREAS, the City of Rancho Palos Verdes has established its Appropriation
Limit of$41,067,843 (Forty-One Million, Sixty-Seven Thousand and Eight Hundred Forty-
Three Dollars) for FY 2025-26; and,
WHEREAS, by a letter dated May 2025, the California Department of Finance has
provided the following factors relevant to the calculation of the Appropriation Limit for FY
2025-26:
California Per Capita Personal Income change:
6.44% (Six Point Forty-Four Percent)
City of Rancho Palos Verdes Population Adjustment:
-0.25% (Negative One Point Twenty-Five Percent)
WHEREAS, the City's Finance Department Staff has calculated the Appropriation
Limit for FY 2025-26 based upon the foregoing factors and the provisions of Article XIII B
of the Constitution of the State of California. The working papers supporting the
calculation are maintained in the files of the Finance Department within the City.
WHEREAS, the Appropriation Limit for the City of Rancho Palos Verdes
establishes the ceiling for which proceeds from taxes can be appropriated during FY
2025-26.
NOW BE IT, THEREFORE, RESOLVED BY THE CITY COUNCIL OF THE CITY
OF RANCHO PALOS VERDES:
Section 1: The Appropriation Limit of the City of Rancho Palos Verdes is
$41,067,843 (Forty-One Million, Sixty-Seven Thousand and Eight Hundred Forty-Three
Dollars) for FY 2025-26.
Section 2: The Appropriation Limit of the City of Rancho Palos Verdes in the
amount of $41,067,843 (Forty-One Million, Sixty-Seven Thousand and Eight Hundred
Forty-Three Dollars) for FY 2025-26 exceeds the proceeds from taxes, calculated in the
amount of $33,113,200 (Thirty-Three Million, One Hundred Thirteen Thousand and Two
Hundred Dollars) for FY 2025-26. Therefore, the City of Rancho Palos Verdes shall be
in compliance with the provisions of Article XIII B of the Constitution of the State of
California.
Section 3: The City Clerk shall certify to the passage of this resolution.
Resolution No 2025-38
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APPROVED AND ADOPTED THE 17th DAY OF JUNE 2025.
111
David L. Bradley, ayor
ATTEST:
L1êresakaoka, City Clerk
State of California )
County of Los Angeles ) ss
City of Rancho Palos Verdes )
I, TERESA TAKAOKA, City Clerk of The City of Rancho Palos Verdes, hereby certify that
the above Resolution No. 2025-38 was duly and regularly passed and adopted by the
said City Council at a regular meeting thereof held on June 17, 2025.
eresa(Takaoka, City Clerk
Resolution No 2025-38
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