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HomeMy WebLinkAbout7/20/2005 - STAFF REPORTS (20) RESOLUTION NO. OF THE CITY COUNCIL OF THE CITY OF PALM SPRINGS, CALIFORNIA,ADOPTING AN APPROPRIATIONS LIMIT FOR THE FISCAL YEAR ENDING JUNE 30, 2006 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. WHEREAS, the options for calculation will be California Per Capital Income and the County of Riverside population growth; NOW THEREFORE BE IT RESOLVED bythe City Council of the City of Palm Springs that, 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 2005-2006 is $95,984,481. ADOPTED THIS day of July, 2005. David H. Ready, City Manager ATTEST: James Thompson, City Clerk Item No. 2 . M . CERTIFICATION STATE OF CALIFORNIA ) COUNTY OF RIVERSIDE ) ss. CITY OF PALM SPRINGS ) I, JAMES THOMPSON, City Clerk of the City of Palm Springs, hereby certify that Resolution No. 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 by the following vote: AYES: NOES: ABSENT: ABSTAIN: James Thompson, City Clerk City of Palm Springs, California