Loading...
CC - 2021-28 - Adopting an appropriations limit for the Fiscal Year 2021-22RESOLUTION NO. 2021-28 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROSEMEAD, CALIFORNIA, ADOPTING AN APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2021-22 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, Section 7910 of the Government code of the State of California directs the governing body of each local jurisdiction to establish its appropriations limit by resolution each year; and WHEREAS, the governing body of each local jurisdiction must select the annual adjustment factors to be used in determining the appropriations limit pursuant to Article XIIIB of the State Constitution. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD, DOES HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS: SECTION 1. The City Council hereby elects the change in the California per capita personal income as the cost of living adjustment factor and the annual population change for the City of Rosemead as the population adjustment factor. SECTION 2. The appropriations limit fiscal year 2021-22 is hereby set at $54,976,824, as detailed in the attached Exhibit A. which is hereby made a part of this Resolution. SECTION 3. The City reserves the right to adjust or amend the appropriations limit based upon the use of alternative growth factors as authorized by Proposition 111 if such changes or revisions would result in a more advantageous appropriations limit, now or in the future. SECTION 4. The City Clerk shall certify to the adoption of this resolution and hereafter the same shall be in full force and effect. PASSED, APPROVED, AND ADOPTED this 14th day of June, 2021. Polly L9 or APP VED AS TO FORM: L Rachel Richma , City Attorney ATTEST: Ericka Hernandez, City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES) § CITY OF ROSEMEAD ) I, Ericka Hernandez, City Clerk of the City Council of the City of Rosemead, California, do hereby certify that the foregoing City Council Resolution No. 2021-28 was duly adopted by the City Council of the City of Rosemead, California, at a special meeting thereof held on the 14th day of June 2021, by the following vote, to wit: AYES: ARMENTA, CLARK, DANG, LOW, LY NOES: NONE ABSENT: NONE ABSTAIN: NONE Ericka Hernandez, City Clerk