CC - 2007-18 - Appropriation limits for 2007-08 and Adopting teh Fiscal Year BudgetRESOLUTION NO. 2007-18
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD ADOPTING AN APPROPRIATIONS LIMITATION
FOR THE 2007-08 FISCAL YEAR AND ADOPTING THE ANNUAL
BUDGET FOR 2007-08, MAKING APPROPRIATIONS FOR THE
AMOUNTS BUDGETED
WHEREAS, Article XIII-B of the Constitution of the State of California provides that total
annual appropriations subject to limitation of the City shall not exceed the appropriations limit
of the City for the prior year as adjusted for annual adjustment factors; and
WHEREAS, Article XIII-B was modified in June, 1990 by the approval of Proposition
111 and SB 88 (Chapter 60/90) which revised the annual adjustment factors to be applied to
the 1986-87 Appropriation Limit and each year thereafter; and
WHEREAS, the decision as to which of the factors: a) either the California Per Capita
Income or the percentage change in the local assessment roll due to local non-residential
construction; b) either the change in population in the City or County; must be done by a
recorded vote of the City Council; and
WHEREAS, the City Council wishes to set an appropriation limitation for the 2007-08
Fiscal Year on those appropriations subject to limitation under Article XIII-B; and
WHEREAS, a proposed annual budget for the City of Rosemead for the Fiscal Year
commencing on July 1, 2007 and ending June 30, 2008 was submitted to the City Council and
is on file in the City Clerk's office; and
WHEREAS, proceedings for the adoption of said budget have been duly taken; and
WHEREAS, the City Council has made certain revisions, corrections, and modifications
to said proposed budget; and
WHEREAS, the City Manager has caused the proposed budget document to be
corrected to reflect the changes ordered by the City Council
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD DOES
RESOLVE AS FOLLOWS:
Section 1. That the cost of living factor used to compute the appropriation limit is
the percentage change in the California per capita personal income combined with the change
in population in Los Angeles County are to be applied to the 1986-87 limit and each year
thereafter, and that the annual appropriation limitation for the City of Rosemead during the
2007-08 Fiscal Year for appropriations subject to limitation under Article XIII-B shall be thirty-
seven million, two hundred two thousand, five hundred forty-five ($37,244,352).
•
•
Section 2. The Budget, as amended, is adopted as the Annual Budget of the City of
Rosemead for the fiscal year commencing on July 1, 2007 and ending June 30, 2008.
Section 3. There is hereby appropriated to each account set forth in the
"Expenditure Appropriation by Function" of said budget attached hereto, and made a part
hereof as though fully set forth herein, the sum shown for such account in the 2007-08 Budget
Column, and the City Manager is authorized and empowered to expend such sum for the
purpose of such account, but no expenditure by any office or department for any item within
an account shall exceed the amount budgeted without prior written approval of the City
Manager.
Section 4. The Mayor shall sign and the City Clerk shall certify to the passage and
adoption of this Resolution and thereupon the same shall take effect and be in force.
PASSED, APPROVED and ADOPTED this 12th day of June, 2007.
ATTEST:
J ~
City Clerk
MAYO F THE CITY OF ROSEMEAD
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS.
CITY OF ROSEMEAD
I, Nina Castruita, City Clerk of the City of Rosemead, do hereby certify that the
foregoing Resolution No. 2007-18 being:
A RESOLUTION OF THE CITY COUNCIL OF TE CITY OF
ROSEMEAD ADOPTING AN APPROPRIATIONS LIMITATIONS
FOR THE 2007-08 FISCAL YEAR AND ADOPTING THE ANNUAL
BUDGET FOR 2007-08, MAKING APPROPRIATIONS FOR THE
AMOUNTS BUDGETED
was duly and regularly approved and adopted by the Rosemead City Council on the 12th
of June, 2007, by the following vote to wit:
Yes: Low, Nunez, Tran
No: Clark, Taylor
Abstain: None
Absent: None
~ W- aakt-(~--
Nina Castruita
City Clerk