Resolution No. 5293
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BS3QbYI!Q~_~Q~_~~2~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF VERNON ESTABLISHING A GENERAL GOVERNMENT
APPROPRIATIONS LIMIT FOR THE FISCAL YEAR
ENDING JUNE 30, 1987 PURSUANT TO GOVERNMENT
CODE SECTION 7910
WHEREAS, Section 7910 of the Government Code requires
the governing body of each local jurisdiction to establish, by
resolution, an appropriations limit for each fiscal year; and
WHEREAS, the appropriations limit for the 1980-1981
fiscal year is determined by multiplying the total amount of
appropriations for the fiscal year 1978-1979, by the lesser of
the change in cost of living for the 1979 calendar year or the
change in California per capita personal income for the 1978
calendar year, and multiplying this product by the change in
population of the City of Vernon for the 1978 calendar year and
thereafter multiplying this product by the lesser of the change
in cost of living for the 1980 calendar year or the change in
California per capita personal income for the 1979 calendar year
and multiplying this product by the change in population of
the City of Vernon for the 1979 calendar year.
The above
computation is attached hereto and incorporated herein by this
reference as though fully set forth at length as Exhibit "A";
and
WHEREAS, for the 1981-1982 fiscal year and each year
thereafter, the appropriations limit for the City of Vernon
shall equal the appropriations limit for the prior fiscal year
multiplied by the lesser of the change in cost of living for the
calendar in which the fiscal year begins or the change in
California per capita personal income for the calendar year
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preceding the beginning of the fiscal year for which the
appropriations limit is to be determined, the product multiplied
by the change in population of the City of Vernon for the
calendar year preceding the beginning of the fiscal year for
which the appropriations limit is to be determined; and
WHEREAS, the appropriations limit for the fiscal year
1978-1979 was $12,223,946; and
WHEREAS, the appropriations limit for the fiscal year
1979-1980 was $13,621,999; and
WHEREAS, the appropriations limit for the fiscal year
1980-1981 was $15,097,261; and
WHEREAS, the appropriations limit for the fiscal year
1981-1982 was $17,232,014; and
WHEREAS, the appropriations limit for the fiscal year
1982-1983 was $17,601,587; and
WHEREAS, the appropriations limit for the fiscal year
1983-1984 was $18,428,852; and
WHEREAS, the appropriations limit for the fiscal year
1984-1985 was $18,266,678; and
WHEREAS, the appropriations limit for the fiscal year
1985-1986 was $18,297,731; and
WHEREAS, the City Clerk has posted a notice indicating
that
of
the
in the
determination
documentation
used
appropriations limit provided for herein has been available for
inspection by the public for at least fifteen (15) days from and
after May 13, 1986; and
WHEREAS, the City Council of the City of Vernon hereby
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intends to establish the appropriations limit for the fiscal
year 1986-1987.
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF
THE CITY OF VERNON AS FOLLOWS:
EsgIIQ~L! :
The City Council of the City of Vernon
hereby establishes $19,873,166 as the amount of the appropri-
ations limit for the fiscal year 1986-1987.
EsgIIQr~L~:
The City Council of the City of Vernon
approved a budget by adopting Resolution No. 5292 on June 26,
1986, which will not exceed the appropriations limit for the
1986-1987 fiscal year.
EsgIIQr:L~ :
The City Council of the City of Vernon
hereby declares that the budget established by Resolution No.
5292 complies with the requirements of Government Code Section
7910.
EsgIIQ~_1: The City Clerk of the City of Vernon shall
certify to the passage of this Resolution and thereupon and
thereafter the same shall be in full force and effect.
APPROVED AND ADOPTED this_~2!h_day Of__~~~~, 1986.
ATTEST:
~v.
~&
MALKENHORST,
-3-
1 STATE OF CALIFORNIA )
) SSe
2 COUNTY OF LOS ANGELES )
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I, BRUCE V. MALKENHORST, City Clerk of the City of
Vernon, do hereby certify that the foregoing Resolution, being
Resolution No. 5293
, was duly adopted by the City Council.. of
the City of Vernon, and was approved by the Mayor of said City
an adjourned
at )fij regular meeting of the City Council held on ~
June 26 r
, 19 86
~
BRUCE V.
Clerk
~
~KE~OS~
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