HomeMy WebLinkAboutCC Res 4060 1991-06-24
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RESOLUTION NUMBER d60
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEAL BEACH, CALIFORNIA, SETTING THE
APPROPRIATIONS LIMIT FOR FISCAL YEAR 1991/92
AS REQUIRED BY ARTICLE XIIIB OF THE STATE
CONSTITUTION MORE COMMONLY KNOWN AS
PROPOSITION 4, THE GANN INITIATIVE
THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE:
WHEREAS, it is necessary to establish each fiscal year an
appropriation limit to curtail expenditures of tax
revenues in compliance with Article XIIIB of the State
Constitution; and
WHEREAS, it is important to set the appropriations limit before
adoption of the annual city budget; and
WHEREAS, it has been determined that establishment of an
appropriation limit is a legislative act.
NOW, THEREFORE, BE IT RESOLVED that for fiscal year ending June 30,
1991, the City of Seal Beach establishes an appropriations limit of
$8,580,097 which exceeds appropriations of $7,792,000 subject to
the limit, by the amount of $788,097 thereby demonstrating
compliance with Article XIIIB of the State Constitution.
APPROVED AND ADOPTED by the City Council o~
ach, at a meeting thereof held on the _
, 1991 by the following vote:
city of
day of
'Itfc-xJ
AYES:
Councilmember
NOES:
Councilmembers
ABSENT:
Councilmembers
VACANCY: Councilmembers
~~~~L ~~
Mayor tJ
ATTES1-\
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STATE OF CALIFORNIA )
COUNTY OF ORANGE ) 55
CITY OF SEAL BEACH )
I, Joanne, M. Yeo, ~~~lerk of Seal Beach, California, do hereby
certify that the f e oing resolution is the original copy of
Re u 'on Number on file in the office of the City Clerk,
p sed, approved and adopted by the city Council of ~ City of
Se 1 Be , at a regular meeting thereof held on the o? ~ day of
, 1991.
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~' City erk