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CC RESOLUTION 3317RESOLUTION NO. 3317 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 1985 -86. WHEREAS, Article XIIIB of the California Constitution provides that the appropriations limit for the fiscal year 1985- 1986 is calculated by adjusting the base year appropriations of fiscal year 1984 -1985 for changes in the per capita personal income and population; and WHEREAS, the information necessary for making 1985 -1986 calculations is attached in Exhibit A; and WHEREAS, the City of E1 Segundo has complied with all the provisions of Article XIII B in determining the appropria- tions limit for the fiscal year 1985 -1986; NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL SEGUNDO, CALIFORNIA, DOES RESOLVE that for the City of El Segundo the appropriations subject to limitation in the fiscal year 1985- 1986 shall be $20,622,437.00. 1985. (SEAL) PASSED, APPROVED and ADOPTED THIS 16th day of July, 9"D' L' I, AALA MAYOR OF THE CITY OF EL- VEGUNDO, CALIFORNIA, CITY CLERK 1-44417 Ll GANN LIMIT CALCULATION 1985 -86 Population % Change Population 1/1/85 Population 1/1/84 Increase U.S. Consumer Price Index Lesser of March to March U.S. Consumer Price Index % Change Change Factor: 1.0155 x 1.0374 = 1.0535 1984 -85 Appropriation Limit Change Factor 1984 -85 Appropriation Limit 14,575 14,353 222 or 1.55% (1.0155) $19,575,165 x 1.0535 $20,622,437 3.74% (1.0374) 1444 .14443 STATE OF CALIFORNIA ) COUNTY OF LOS ANGE LES ) CITY OF EL SEGUNDO ) 1, RONALD L. HART SS , City Clerk of the City of El Segundo, California, DO HEREBY CERTIFY that the whole number of members of the City Council of the said City is five; that the foregoing resolution, being Resolution No. 3317 was duly passed and adopted by the said City Council, approved and signed by the Mayor of said City, and attested by the City Clerk of said City, all at a regular meeting of the said Council held on the 16th day of JULY , lg 85 and that the same was so passed and adopted by the following vote: AYES: Councilmen JACOBSON, MAYOR PRO TEM SYNADINOS AND MAYOR ARMSTRONG—— NOES: Councilmen SCHULDT AND SIADEK ABSENT: Councilmen NONE WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID CITY this 23rd day of AUGUST 19 85 (SEAL) City Clerk of the City of El Segundo, California