HomeMy WebLinkAboutCC Res 3792 1988-06-06
RESOLUTION NUMBER ~~~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEAL BEACH, CALIFORNIA, SETTING THE
APPROPRIATIONS LIMIT FOR FISCAL YEAR 1988/89
AS REQUIRED BY ARTICLE XIIIB OF THE STATE
CONSTITUTION MORE COMMONLY KNOWN AS
PROPOSITION 4, THE GANN INITIATIVE
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THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE:
WHEREAS, it is necesssry to estsblish 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, 1988, the City of Seal Beach establishes an
appropriations limit of $7,520,364 which exceeds appropriations
of $6,201,258 subject to the limit, by the amount of $1,319,106,
thereby demonstrating compliance with Article XIIIB of the State
Constitution.
PASSED, APPROVED AND ADOPTED by the City
Seal Beach, at a meeting thereof held on
1988, by the following vote'
NOES:
Councilmembers
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AYES:
Councilmember
ABSENT:
Councilmembers
STATE OF CALIFORNIA \)~
COUNTY OF ORANGE. .) SS
CITY OF SEAL BEACH )
I, Joanne M. Yeo, City Clerk of Seal Beach, California, do hereby
certify that the ~Wing resolution is the original copy of
R solution Number~' ~on file in the office of the City Clerk,
a sed, approved an adopted by the City Council of ~(~ity of
Se Beach, at a regul~r. meeting thereof held on the ~ day of
, 1988.
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