HomeMy WebLinkAbout2007-067 RESOLUTION NO. 2007-067
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ATASCADERO, CALIFORNIA, ADOPTING THE FISCAL YEAR
2007-2008 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 2007-2008 in establishing its new Annual Spending Limit:
City Population and
Per Capita Personal Income
SECTION 2. That the annual spending limit for 2007-2008 is calculated as follows:
err
Fiscal Year Percentage Change New Limit
2007-2008 5.4851% $16,230,424
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. 2007-067
Page 2 of 2
On motion by Council Member Clay and seconded by Council Member O'Malley, the
foregoing Resolution is hereby adopted in its entirety on the following roll call vote:
AYES: Council Members Beraud, Brennler, Clay, O'Malley and Mayor Luna
NOES: None
ABSENT: None
ADOPTED: July 24, 2007
CkTV OF ATAS DERO
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By: ! y �
r. Ge me Luna, Mayor
Attest:
TLY
Marcia McClure Torgerson, C.M.C.
City Clerk
APPROVYD AS TO FORM:
Patrick-L. Enright, City Attorney
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