HomeMy WebLinkAboutResolution 2012-027 RESOLUTION NO. 2012-027
A RESOLU'T'ION OF THE CITY COUNCIL OF THE CI'T'Y OF
ATASCADERO, CALIFORNIA, A.I)OPTING THE FISCAL, YEAR
2012-2013 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 the annual limit.
NOW, 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 2012-2013 in establishing its new Annual Spending Limit:
County Population and
Per Capita Personal Income
SECTION 2. That the annual spending limit for 2012-2013 is calculated as follows:
Fiscal Year Percentage Change New Limit
2012-2013 4.2577% $21,902,973
SECTION 3. 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 Administrative Services Department, 6907 El Camino Real,
Atascadero, California.
City of Atascadero
Resolution No. 2012-027
Page 2 of 2
On motion by Council Member O'Malley and seconded by Council Member Sturtevant,the
foregoing Resolution is hereby adopted in its entirety on the following roll call vote:
AYES: Council Members Clay, Sturtevant, O'Malley and Mayor Kelley
NOES: None
ABSENT: Council Member Fonzi
ADOPTED: June 12, 2012
CITY OF ATASCADERO
4
By: p�
Bob Kelley, Mayor
Attest:
Marcia McClure Zorgerson,C.M.C.,City lerk
APPROVED AS TO FORM:
Brian A. Pierik, City Attorney