HomeMy WebLinkAboutCC Res 3862 1989-06-05
RESOLUTION NUMBER ~~~~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEAL BEACH, CALIFORNIA, SETTING THE
APPROPRIATION LIMIT FOR FISCAL YEAR 1989/90
AS REQUIRED BY ARTICLE XIIIB OF THE STATE
CONSTITUTION MORE COMMONLY KNOWN AS
PROPOSITION 4, THE GANN INITIATIVE
II THE CITY COUNCIL OF THE CITY OF SEAL BEACH DOES HEREBY RESOLVE:
I
I
WHEREAS,
it is necessary to establish each fiscal year an
appropriation limit to curtail expenditures of tax
revenues in compliance with Article XIIIB qf the
State Constitutionl and
WHEREAS,
it is important to set the appropriations limit
before adoption of the annual City budgetl and
it has been determined that establishment of an
appropriation limit is a legislative ,act.
WHEREAS,
NOW, THEREFORE, BE IT RESOLVED that for fiscal year ending June
30, 1989, the City of Seal Beach establishes an appropriations
limit of $7,905,406 which exceeds appropriations of $6,817,000
subject to the limit, by the amount of $1,088,406, thereby
demonstrating compliance with Article XIIIB of the State
Constitution.
AND ADOPTED by the City council~the
meeting thereof held on the _
, 1989, by the following vote:
City of
day of
AYES:
Councilmembers:
NOES:
Councilmembers:
ABSENT:
Councilmembers:
r~ l-~tJ~
M or
ATTEST:
Ci
ST TE OF CALIFORNIA)
COUNTY OF ORANGE )SS
CITY OF SEAL BEACH )
I, Joanne M. Yeo, City Clerk of the City of Seal Beach,
California, do hereby certify that the foregoing resolution is the
original copy of Resolution Number ~ on file in the
office of the City Clerk, passed, approved and adopted by the City
Council-e; the City of Seai'Beach, at a meeting thereof held on
the ~ day of ~_ ,-' , 1989.
Ci