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HomeMy WebLinkAboutCC RES 87-1031', 2'. 3 4I 5 6 7' 8' 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOL[TPION 87-103 A RESOIATION OF THE CITY CWNICIL OF THE CITY OF TUSTIN, DETERMINING AND ADOPTING AN APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 1987-88, IN ACOORDANC~ WITH ARTICLE XIIIB OF THE THE CONSTITUTION OF THE STATE OF CALIFORNIA, AND SDLTION 7910 OF THE ~ CODE. The City Council of The City of Tustin does hereby resolve as follows: WFIII2EAS, Article XIIIB was added to the Constitution of the State of California at a general election held November 6, 1979; and WfO;REAS, an annual appropriation limikt must be determined for this City effective for the fiscal year beginning July, 1987; and WHEREAS, the appropriations limit must be adhered to in preparing and adopting this City's Annual Budget. NOW, TEIERF.FORE, The City Council of the City of Tustin does hereby resolve and order as follows: Section I: In accordance with Article XIIIB of the Constitution of the State of California, and Section 7910 of the Government Code and as set forth in detail in the Attached Exhibit "A" that the appropriations limit for the fiscal year beginning July 1, 1987 is $14,751,425. Section 2: The appropriations limit shall not be exceeded in the adopted budget nor by any proposed amendment to the budget. PASSED AND ADOPTID at a regular meeting of the City Council of the City of Tustin held on the 21st day of September, 1987. Richard B. Edgar, Mayor ATTEST: ~~ a~..:. L L~-~ Mary E. Wy ,City C1 k EXHIBIT "A" RESOLUTION 87-103 1987-88 APPROPRIATIONS LIMIT AND APPROPRIATIONS SUBJECT TO LIMIT 1986-87 Appropriations limit Cumulative growth rate 1987-88 Appropriations limit Appropriations Subject to Limit: Total governmental appropriations Less: Non Proceeds of tax PERS unfunded liability General obligation bonded debt Use of prior year reserves Total appropriations subject to limit $14,249,831 X 1.0352 $14,751,425 $19,409,094 (6,676,823) -0- ( 71,320) (1,133,811) $ 11,727,140 Variance Over/(Under) Limit $ 3,024,285 STATE OF CALIFORNIA ) COUNTY OF ORANGE ) § CITY OF TUSTIN ) MARY E. WYNN, City Clerk and ex-officio Clerk of the City Council of the City of Tustin, California, does hereby certify that the whole number of the members of the City Council of the City of Tustin is five; that the above and foregoing Resolution No. 87-103 was duly and regularly introduced, passed and adopted at a regular meeting the City Council held on the 21st day of September, 1987, by the following vote: AYES COUNCILPERSONS: Edgar, Hoesterey, Kelly, Kennedy, Prescott NOES COUNCILPERSONS: None ABSENT: COUNCILPERSONS: None MARY E. WYN~ City Cle ~ City of Tus in, California