CC - 1987-20 - Adopting Appropriation Limits for FY 88-870 •
RESOLUTION NO. 87-20
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROSEMEAD ADOPTING AN APPROPRIATIONS LIMITATION
FOR THE 1987-88 FISCAL YEAR
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 changes in population and the U. S. Consumer
Price Index, except as otherwise provided in said Article;
and
WHEREAS, the city council wishes to set an appropriations limitation
for the 1987-88 fiscal year on those appropriations subject
to limitation under Article XIII-B.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF ROSEMEAD DOES RESOLVE AS
FOLLOWS:
SECTION 1. That the annual appropriation limitation for the
City of Rosemead during the 1987-88 fiscal year for
appropriations subject to limitation under Article XIII-B
shall be thirteen million one hundred forty-one thousand six
hundred twenty-three dollars ($13,141,623.00). This limita-
tion shall apply only to appropriations subject to
limitation under Article XIII-B.
SECTION 2. 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 23RD DAY OF JUNE, 1987.
Mayor of the City of Rosmead
ATTEST:
Cit~oCity of Rosemead