CC - 1994-30 - Adopting Annual Budget for 1994-95r
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RESOLUTION NO. 94-30
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD ADOPTING AN APPROPRIATIONS LIMITATION
FOR THE 1994-95 FISCAL YEAR AND ADOPTING THE
ANNUAL BUDGET FOR 1994-95, 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 1994-
95 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, 1994 and ending June 30, 1995 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 1994-95 Fiscal Year for appropriations subject to limitation under
Article XIII-B shall be thirteen million, eight hundred ninety-nine thousand, thirty-four
dollars ($13,899,034).
1 •
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, 1994 and ending June 30,
1995.
Section 3. There is hereby appropriated to each account set forth in the
"Expenditure Appropriation by Function Summary" of said budget attached hereto, and
made a part hereof as though fully set forth herein, the sum shown for such account in
the 1994-95 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 therefor
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 28nd day of June, 1994.
A OR-OOP-TF4 OSEMEAD
ATTEST:
I hereby
was duly
the City
RJU~_~the 28th
City Clerk Aye: Ilfi Imperial
No:
Absent:
Abstain:
certify that the foregoing Resolution No. 94-30
and regularly adopted by the City Council of
of Rosemead at a regular meeting thereof held on
day of June, 1994, by the following vote:
Clark, Bruesch, Vasquez, Imperial
Taylor
None
None
CI CLERK