HomeMy WebLinkAboutCC Res 3949 1990-06-25
RESOLUT::.,-,N NUMBER 3947
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEAL BEACE, CALIFORNIA, SETTING THE
APPROPRIATIONS ~IMIT FOR FISCAL YEAR 1990/91
AS REQUIRED BY ARTICLE XIIIB OF THE STATE
CONSTITUTION MORE COMMONLY XNOWN AS PROPOSITION
4, THE GANN INITIATIVE
THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE:
I
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 $8,246,129 which exceeds appropriations of $7,331,000 subject
to the limit, by the amount of $915,129 thereby demonstrating
compliance with Article XIIIB of the State constitution.
PASstD), APPROVED AND ADOPTED BY THE City Council
S~ at a meeting thereof held on the
, 1990, by th following vote:
.
AYES: Councilmember
of th~ City of
o?5~ day of
I
NOES:
Councilmembers
ABSENT:
Councilmembers
c:€:ohuJ 't. ~~
Mayor
,
,~
,
ATTEST:
f
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STATE OF CALIFORNIA
COUN~Y OF ORANGE
CITY OF SEAL BEACH
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I, Joanne, M. Yeo, city Clerk of Seal Beach, California, do l:'.!reby
certify that the m' ng resolution is the original copy of
Resolution Number on file in the office of the city :!erk,
pass , pproved and a pted by the City Council of tn~ 9sfY of
Seal Bea , at a regular meeting thereof hr:.]d on ..:he ~~ day
of , ~990.
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