HomeMy WebLinkAboutResolution 79-97 RESOLUTION NO. 79-97
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF ATASCADERO
ADOPTING THE FISCAL YEAR 1997-98
ANNUAL SPENDING LIMIT AND
AMENDING THE ANNUAL SPENDING LIMITS
FOR FISCAL YEARS 1994-95, 1995-96,AND 1996-97
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; and
WHEREAS, the Annual Spending Limit for each of the fiscal years 1994-95,
1995-96, and 1996-97 had been incorrectly calculated;
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 1997-98 in establishing its new Annual Spending Limit:
County Population and California Per Capita Income
SECTION 2. That the revised Annual Spending Limits are calculated as
follows:
Fiscal Year Percentage Change New Limit
1994-95 2.12% $6,428,065
1995-96 7.98% $6,941,025
1996-97 7.09% $7,433,144
SECTION 3. That the annual spending limit for 1997-98 is calculated as
follows:
Fiscal Year Percentage Change New Limit
1997-98 6.83% $7,940,828
SECTION 4. Any judicial action or challenge must be commenced within 45 days of
the effective date of this Resolution.
Resolution 79-97, Page 2
SECTION 5. Documentation used in determining the Annual Spending Limit
is available to the public in the Finance Department, Administrative Building,
6500 Palma Avenue, Room 203, Atascadero, California.
On motion by Councilman Carden and seconded by Councilman Luna, the
foregoing resolution is hereby adopted in its entirety on the following roll call vote:
AYES: Councilmembers Carden, Clay, Lerno, Luna and Mayor Johnson
NOES: None
ABSENT: None
ADOPTED: August 12, 1997
ATTEST: CI ATASCADERO
MARCIA M. TORGERSOYJ, City Clerk RAY JO NS N, M yor
APPROVED AS TO FORM:
L P, q;;,6
RO A. HA EY,Pity Attorney