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HomeMy WebLinkAbout24437 RESOLUTION NO. 24437 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA, ADOPTING AN APPROPRIATIONS LIMIT FOR THE FISCAL YEAR ENDING JUNE 30, 2019. WHEREAS Article XIIIB of the Constitution of the State of California mandates an appropriation and expenditure limit on various units of government, including the City of Palm Springs; and WHEREAS that limit has been calculated by the Finance Department of the City of Palm Springs using current guidelines provided by the State Department of Finance; and WHEREAS the City Council of the City of Palm Springs desires to formally adopt that appropriations limit for the City; and WHEREAS the options for calculation will be California Per Capita Income and the City of Palm Springs population growth. THE CITY COUNCIL OF THE CITY OF PALM SPRINGS DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. In accordance with Article XIIIB of the Constitution of the State of California, the appropriations limit for the City of Palm Springs for the fiscal year 2018-2019 is $171,833,538. ADOPTED THIS 6T" DAY OF JUNE, 2018. David H. Ready, Es . City Manager ATTTST: i (AWh ony ejia, City Cle Resolution No. 24437 Page 2 CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, ANTHONY J. MEJIA, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 24437 is a full, true and correct copy, and was duly adopted at a regular meeting of the City Council of the City of Palm Springs on June 6, 2018, by the following vote: AYES: Councilmembers Holstege, Kors, Middleton, Mayor Pro Tern Roberts, and Mayor Moon NOES: None ABSENT: None ABSTAIN: None IN WITNESS WHEREOF, I have hereunto set my hand an affixed the official seal of the City of Palm Springs, California, this day of 7 6thonyy J. ejia, M City Clerk