HomeMy WebLinkAboutO. APPENDIXAPPENDIX A
RESOLUTION N0.03-33
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN DIMAS
ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2003-04
AND APPROPRIATE EXCESS REVENUES
WHEREAS, the City Council of the City of San Dimas is authorized under
the provisions of Article XIIIB of the California Constitution to adopt an Appropriation
Limit for fiscal year 2003-04; and
WHEREAS, implementation of Proposition 111 and SB88 (Chapter 60/90)
modified the annual adjustment factors to be either the growth In California per capita
personal income or the growth in nonresidential assessed valuation due to construction
in the City; and
WHEREAS, the growth of the California's per capita personal income
applicable to the fiscal year 2003-04 Limit is 2.31% or a factor of 1.0231 and is less than
the growth of non-residential assessed valuation due to new construction in the City;
and
WHEREAS, the population factor under Proposition 111 is the change in
population in the City or in the County; and
WHEREAS, the City's change in population provided by the State
Department of Finance applicable to the fiscal year 2003-04 Limit is 1.45% or a factor of
1.0145% and is less than the County growth which is 1.66% or a factor of 1.0166; and
WHEREAS, the fiscal year 2002-03 Appropriations Limit of $42,966,234
shall be usedl as the base toward calculating the Limit for fiscal year 2003-04; and
NOW, THEREFORE, the City Council does resolve to use the change in
Californla per capita personal income and the City's population change to compute the
Appropriations Limit for fiscal year 2003-04; and
NOW, THEREFORE, the City Council of the City of San Dimas does resolve
that the Appropriations Limit for fiscal year 2003-04 shall be $44,596,158; and there is
hereby appropriated a reserve for contingencies, special projects or land acquisitions of
all revenues subsequently received by City funds in excess of the 2003-04 appropriations
up to the Appropriations Limit in the following funds: 1, 2, 6-8, 12, 20-23, 27-29, 40-42, 53,
70-75.
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