Laserfiche WebLink
RESOLUTION NO. 86 -103 <br />A RESOLUTION OF THE CITY COUNCIL OF THE CITY <br />OF NEWPORT BEACH DETERMINING AND ESTABLISHING <br />AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 1986- <br />87 IN ACCORDANCE WITH ARTICLE XIII -B OF THE <br />• CALIFORNIA CONSTITUTION AND GOVERNMENT CODE <br />SECTION 7910 <br />WHEREAS, Article XIII -B was added to the California <br />Constitution at the special State -wide election held November 6, <br />1979; and <br />WHEREAS, Government Code Section 7910 was added to <br />Chapter 12.05 by Statute at the 1979 -1980 Regular Session of the <br />California Legislature; and <br />WHEREAS, Government Code Section 7910 requires the <br />governing body of each local jurisdiction to adopt, by <br />resolution, its appropriations limit; and <br />WHEREAS, said appropriations limit must be adhered to in <br />preparing and adopting this City's annual budget. <br />NOW, THEREFORE, the City Council of the City of Newport <br />Beach does hereby ordain as follows: <br />Section 1: In accordance with Article XIII -B of the <br />California Constitution and Government Code Section 7910, the <br />appropriations limit for fiscal year commencing July 1, 1986 -87 <br />for the City of Newport Beach is $36,368,443.00. The computation <br />of appropriations for the 1986 -87 fiscal year are set forth in <br />detail on the Exhibit "A," attached hereto and incorporated by <br />• reference as though fully set forth herein. <br />-1- <br />