CC RESOLUTION 3607RESOLUTION NO. 3607
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF EL SEGUNDO, CALIFORNIA, APPROVING AND
ADOPTING THE ANNUAL APPROPRIATION LIMIT FOR
THE FISCAL YEAR 1989 -90.
WHEREAS, Article XIIIB of the California Constitution provides
that the appropriations limit for the fiscal year 1989 -90 is
calculated by adjusting the base year appropriations of fiscal year
1988 -89 for changes in the U.S. Consumer Price Index and population;
and
WHEREAS, the information necessary for making 1989 -90
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 appropriations limit
for the fiscal year 1989 -90;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL SEGUNDO,
CALIFORNIA, DOES RESOLVE AS FOLLOWS:
SECTION 1. The appropriations for the City of El Segundo
subject to limitation in the fiscal year 1989 -90 shall be
$25,278,747.
SECTION 2. The City Clerk shall certify to the passage and
adoption of this resolution; shall enter the same in the book of
original resolutions of said city; and shall make a minute of the
passage and adoption thereof in the records of the proceedings of
the City Council of said city, in the minutes of the meeting at
which the same is passed and adopted.
PASSED, APPROVED and ADOPTED this 15t ay ,f August, 1989.
Kayor of t Mty of E1 Segundo,
C ifornia
City Clerk (SEAL)
JOA:R- 62188.F
Exhibit A
CITY OF EL SEGUNDO
GANN LIMIT CALCULA'T'ION
1989 -90
Population Change
Population 1/1/89
Population 1/1/88
U.S. Consumer Price Index
15,768
15,757
Increase 11 or .07%
(1.0007)
Lesser of March to March 4.98%
U.S. Consumer Price Index % Change (1.0498)
Change Factor: 1.0007 x 1.0498 = 1.050535
1988 -89 Appropriation Limit $24,062,737
x 1.050535
1989 -90 Appropriation Limit $25,278,747
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STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF EL SEGUNDO )
I, Ronald L. Hart, City Clerk of the City of El Segundo, California, DO HEREBY
CERTIFY that the whole number of members of the City Council of said City is five;
that the foregoing resolution, being Resolution No. 3607 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
15th day of August, 1989 and that the same was so passed and adopted by the following
vote:
AYES: Councilmembers Clutter, Dannen,
West, Anderson and Mayor Jacobson
NOES: None
ABSENT: None
WITNESS MY HAND THE OFFICIAL SEAL OF SAID CITY this 17th day of
August, 1989.
RONALD L. HART
City Clerk of the
City of El Segundo, California
(SEAL)