CC RESOLUTION 3423RESOLUTION NO, 3423
Is A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF EL SEGUNDO, CALIFORNIA, APPROVING
AND ADOPTING THE ANNUAL APPROPRIATION LIMIT
FOR THE FISCAL YEAR 1986 -87.
WHEREAS, Article XIIIB of the California Constitution
provides that the appropriations limit for the fiscal year
1986 -1987 is calculated by adjusting the base year appro-
priations of fiscal year 19851986 for changes in the U.S.
Consumer Price Index and population; and
WHEREAS, the information necessary for making 1986 -1987
calculations is attached in Exhibit A; and
WHEREAS, the City of El Segundo has complied with all
the provisions of Article XIIIB in determining the appro-
priations limit for the fiscal year 1986 - -1987;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL
SEGUNDO, CALIFORNIA DOES RESOLVE that for the City of E1
Segundo the appropriations subject to limitation in the
fiscal year 1986 -1987 shall be $21,938.,561.00.
PASSED, APPROVED and ADOPTED this 7th day of October,
A S .
City Clerk
(SEAL)
0
-of the Ci ot
California
,
•
I
Population % Chan e
Population 1/1/86
Population 1/1/85
GANN LIMIT CALCULATION
1986 -87
Increase
U.S. Consumer Price Index
Lesser of March to March
U.S. Consumer Price Index % Change
Change Factor: 1.0399 x 1.0230 = 1.06382
1985 -86 Appropriation Limit
Change Factor
161986-87 Appropriation Limit
•
i
15,156
14,575
581 or 3.990
(1.0399)
2.3$_
(1.0230)
$20,622,437
x 1.06382
$21,938,561
K
s
0
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES )
CITY OF EL SEGUNDO )
SS
I, Ronald L. Hart, City Clerk of the City of E1 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. 3423 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 7th day of
October, 1986, and that the same was so passed and adopted by the
following vote:
AYES: Councilmembers Anderson, Jacobson, Schuldt,
West, and Mayor Siadek
NOES: None
ABSENT: None
WITNESS MY HAND AND THE OFFICIAL SEAL OF SAID CITY
this 21st day of October, 1986.
RONALD L. HART,
City Clerk of the
City of El Segundo, California
(SEAL)