CC RESOLUTION 38330
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RESOLUTION NO. 3833
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ELSEGUNDO, CALIFORNIA, APPROVING AND ADOPTING
THE APPROPRIATION LIMIT FOR FY 1993194.
WHEREAS, Article XIII B of the California Constitution provides that the
appropriations limit for FY 1993194 is calculated by adjusting the appropriations limit of
FY 1992/93, by changes in either the increase in Nonresidential Assessed Valuation or
California per Capita Income, and changes in population; and
WHEREAS, the information necessary for making FY 1993/94 calculations is
detailed in Attachment 1, and
WHEREAS, the City of El Segundo has complied with all the provisions of Article
XIIIB, in determining the appropriations limit for FY 1993194;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF EL SEGUNDO,
CALIFONRIA, DOES HEREBY RESOLVE AS FOLLOWS:
SECTION 1. The appropriation limit, for the City of El Segundo for FY 1993/94,
shall be $32,178,955.
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 7th day of
ATTESTED:
C' dy Morte n,
City Clerk (SEAL)
APPROVED AS TO FORM:
F
L70rIand C. Dolley,
City Attorney
Carl Jacobe®fn, Mayor
City of El �regundo, California
City Council
9 -7 -93
Attachment 1
Resolution 3333
CITY OF EL SEGUNDO
APPROPRIATIONS LIMIT CALCULATION
• FY 1993/94
Population % Change
Population 1/1/92 15,313
Population 1/1/93 15,539
Increase 226 or 1.0148
Inflation Adjustment Factor
Options: (1)California Per Capita Income or
(2)Increase in Non - residential assessed
valuation due to new construction
City Option: (1)California Per Capita Income
Growth Factor
1.0148 x 1.0272 = 1.0424
Calculation of FY 1993194 Appropriations Limit
FY 1992/93 Appropriations Limit
Growth Factor
FY 1993/94 Appropriations Limit
• Appropriations Subject to Limit
FY 1993/94 Appropriations Subject to Limit
•
0.0272 or 1.0272
$30,870,064
1.0424
$32,178,955
$25,162,995
0
9
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STATE OF CALIFORNIA ]
COUNTY OF LOS ANGELES ] SS
CITY OF EL SEGUNDO ]
I, Cindy Mortesen, 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. 3833 was duly passed and adopted by the said City Council, approved
and signed by the Mayor or 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
September, 1993, and the same was so passed and adopted by the
following vote:
AYES: Mayor Jacobson,
Councilman West,
Councilman Robbins.
NOES: None.
NOT PARTICIPATING: None.
Mayor ProTem Wise,
Councilman Switz, and
WITNESS MY HAND THE OFFICIAL SEAL OF SAID CITY this 9th
day of September, 1993.
C DY M "SE
a
City Clerk of the
City of El Segundo,
California
(SEAL)