HomeMy WebLinkAboutCC Res 3701 1987-06-29
RESOLUTION NUMBER r9 ~/
.
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEAL BEACH, CALIFORNIA, SETTING THE
APPROPRIATIONS LIMIT FOR FISCAL YEAR 1987/88
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:
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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
appropriations limit is a legislative act.
NOW, THEREFORE, BE IT RESOLVED that for the fiscal year ending
June 30, 1988, the City of Seal Beach establishes an
sppropriations limit of $6,732,080 which excludes appropriations
of $7,117,738 not subject to the spending limit imposed by
Article XIIIB of the State Constitution.
, APPROVED AND ADOPTED BY THE City Coun%9J the
Beach, at a meeting thereof held on the ~ day
, 1987, by the followi vote:
City of
of
Councilmembers
~~n~
,
NOES:
Councilmembers
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ABSENT:
Councilmembers
--e~ t. ,,~
Mayor
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) SS
CITY OF SEAL BEACH )
I, Joanne, M. Yeo, City
hereby certify that the
of Resolution Number
Clerk, passed, approv
~",'Jf Seal Beach, t
"C" day of
Clerk of Seal Beach, California, do
foregoing resolution is the original copy
on file in the office of the City
nd adopted by the City Council of the
regular meeting thereof held on the
. 1987.
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