HomeMy WebLinkAboutCC Res 3608 1986-06-30
RESOLUTION ~~
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF SEAL BEACH, CALIFORNIA SETTING THE
APPROPRIATIONS LIMIT FOR FISCAL YEAR 1986/87
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, 1987, the City of Seal Beach establishes an
appropriations limit of $5,564,412 which excludes appropriations
of $8,968,190 not subject to the spending limit imposed by
Article XIIIB of the State Constitution.
PASSED, APPROVED AND ADOPTED by the City Coun~~l of
Seal Beach at a meeting thereof on the ~~ day
1986, by the following vote:
ABSENT:
Councilmembers
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AYES:
Councilmembers
NOES:
Councilmembers
ATTEst:
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STATE OF CALIFORNIA )
COUNTY OF ORANGE )
CITY OF SEAL BEACH )
I, Joanne H. Yeo, City Clerk of the City of Seal Beach, California,
do hereby certify that_tpe foregoing resolution Is the original copy
of olution Number ~~ file in the office of the City Clerk, .
ssed approved and adopted by the City Council of the City of Seal
ach t a regular adjourned meeting thereof on the L~!' day of
, 1986.
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