HomeMy WebLinkAboutResolution 1998-031 RESOLUTION NO. 1998-031
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF ATASCADERO
ADOPTING THE FISCAL YEAR 1998-99
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; and
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 1998-99 in establishing its new Annual Spending Limit:
County Population and California Per Capita Income
SECTION 2. That the annual spending limit for 1998-99 us calculated as follows:
Fiscal Year Percentage Change New Limit
1998-99 6.9621% $8,493,672
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 Finance Department, Administrative Building, 6500 Palma
Avenue, Room 203, Atascadero, California.
On motion by Council Member Luna and seconded by Council Member Johnson , the foregoing
resolution is hereby adopted in its entirety on the following roll call vote:
AYES: Council Members Clay, Johnson, Luna and Mayor Carden
NOES: None
ABSENT: Council Member Lerno
ADOPTED: July 14, 1998
Resolution No. 1998-031
Page 2
ATTEST: CITY OF ATASCADER ? ?
Marcia M. Torgerson, City CIA Harold L. and , III,Mayo
APPROVED AS TO FORM:
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anley, City Attor ey