HomeMy WebLinkAboutResolution 65-92 RESOLUTION NO. 65-92
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ATASCADERO ADOPTING THE FISCAL YEAR 1992-93
ANNUAL SPENDING LIMIT
WHEREAS, Proposition 111 revises the methodology used to
calculate the Annual Spending Limit; and
WHEREAS, the City of Atascadero must select the most
appropriate criteria to be used in calculating that new limit;
THEREFORE, BE IT RESOLVED by the City Council of the City of
Atascadero:
Section 1. That the City of Atascadero elects to use the
following criteria for fiscal year 1992-93, in establishing its
new Annual Spending Limit:
City Population and California Per Capita Income.
Section 2. That the Annual Spending Limit is calculated as
follows:
FISCAL YEAR CURRENT LIMIT PERCENT CHANGE NEW LIMIT
1992-93 $5,984,428 0.50% $6,014,350
Section 3. That any judicial action or challenge must be
commenced within 45 days of the effective date of this
Resolution.
Section 4. Documentation used in determining the Annual
Spending Limit is available to the public in the Office of the
Administrative Services Director, Administration Building, Room
203, 6500 Palma Avenue, Atascadero, California.
On motion by Councilmember Luna, and seconded by
Councilmember Kudlac, the foregoing resolution is hereby adopted
in its entirety on the following roll call vote:
AYES: Councilmembers Bewley, Borgeson, Kudlac, Luna and Mayor
NImmo
NOES: None
ABSENT: None
Resolution No. 65-92
Page 2
ADOPTED: July 14, 1992
CITY OF ATASCADERO
By: z��,
ROBERT P. NIMMO, Mayor
ATTEST:
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07( /t
LEE RABOIN, ; i. Clerk
APPROVED AS TO FORM:
AR ER MONT DON
City Attorney