HomeMy WebLinkAboutResolution 75-94 RESOLUTION NO. 75-94
RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ATASCADERO ADOPTING THE FISCAL YEAR 1994-95
ANNUAL SPENDING LIMIT
WHEREAS, Proposition 1 1 1 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 1994-95, in establishing its new Annual Spending Limit:
County 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
1994-95 $6,294,619 0.358% $6,519,966
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 Finance Director, Administration
Building, Room 203, 6500 Palma Avenue, Atascadero, California.
On motion by Councilmember Luna, and seconded by Councilmember
Carden, the foregoing resolution is hereby adopted in its entirety on the following
roll call vote:
AYES: Councilmembers Carden, Johnson, Luna and Mayor Bewley
NOES: None
ABSENT: Councilmember Highland
Resolution No. 75-94
Page 2
ADOPTED: July 26, 1994
CITY OF ATASCADERO
By:
R. DAVID BEWLEY, Ma r
ATTEST:
n
LEE PRICE, City Clerk
APPROVED AS TO FORM:
ARTHER R. MON ANDD , City Attorney