HomeMy WebLinkAboutResolution 1999-043 RESOLUTION NO. 1999-043
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF ATASCADERO
ADOPTING THE FISCAL YEAR 1999-2000
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
1999-2000 in establishing its new Annual Spending Limit:
County Population and California Per Capita Income
Section 2. That the annual spending limit for 1999-2000 is calculated as follows:
Fiscal Year Percentage Change New Limit
1999-2000 6.91% $9,080,865
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, Administration Building, 6500 Palma
Avenue, Room 203, Atascadero, California.
On motion by Council Member Arrambide and seconded by Council Member Luna, the
foregoing resolution is hereby adopted in its entirety on the following roll call vote:
AYES: Council Members Arrambide, Clay, Luna and Mayor Johnson
NOES: None
ABSENT: Council Member Lerno
ADOPTED: July 13, 1999
ATTEST: CITY O ATACADERO
�A r
Marcia McClure Torgerson, City Oerk Ray JoIt
so , Mayor
APYPOVED AS O F04:
Roy Hanley, City At ney