HomeMy WebLinkAboutResolution 2001-026 RESOLUTION NO. 2001-026
A RESOLUTION OF THE CITY COUNCIL
OF THE CITY OF ATASCADERO
ADOPTING THE FISCAL YEAR 2001-2002
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
2001-2002 in establishing its new Annual Spending Limit:
County Population and California Per Capita Income
Section 2. That the annual spending limit for 2001-2002 is calculated as follows:
Fiscal Year Percentage Change New Limit
2001-2002 9.54% $10,692,801
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 Luna, and seconded by Council Member Clay, the foregoing
Resolution is hereby adopted in its entirety on the following roll call vote:
AYES: Council Members Clay, Johnson, Luna, Scalise and Mayor Arrambide
NOES: None
ABSENT: None
ADOPTED: July 24, 2001
ATTEST: CITY OF ATASC DERO
Marcia McClure Torgerson, City 4rk n chael Arrambide, Mayor
APPROVED AS TO FORM:
L G,- �A
Roy Hanley, City ttorney