HomeMy WebLinkAbout2003-27 - Budget Appropriations LimitRESOLUTION NO. 2003- 27
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH DETERMINING
AND ESTABLISHING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2003 -04 IN
ACCORDANCE WITH ARTICLE XIIIB OF THE CALIFORNIA CONSTITUTION AND
GOVERNMENT CODE SECTION 7910.
WHEREAS, Article XIIIB was added to the California Constitution
at the special State -wide election held November 6, 1979 (commonly known
as Proposition 4); and
WHEREAS, Government Code Section 7910 was added to Chapter
12.05 by Statute at the Regular Session of the California Legislature; and
WHEREAS, Proposition 111, which, among other things, provides
new annual adjustment formulas for the Appropriations Limit, was approved
by the voters in June, 1990, and
WHEREAS, The League of California Cities and the State of
California Department of Finance have published population and per capita
income growth indexes, as well as guidelines for the uniform application
of Proposition 111, and
WHEREAS, Government Code Section 7910 requires the governing
body of each local jurisdiction to adopt, by resolution, its
appropriations limit; and
WHEREAS, said appropriations limit must be adhered to in
preparing and adopting this City's annual budget.
NOW, THEREFORE, the City Council of the City of Newport Beach
does hereby resolve as follows:
Section 1: In accordance with Article XIIIB of the California
Constitution and Government Code Section 7910, the appropriations limit
for fiscal year commencing 1 July 2003 for the City of Newport Beach is
$107,226,040. The computation of appropriations for the 2003 -04 fiscal
year are set forth in detail in the attachment hereto, which is
incorporated as though fully set forth herein.
Section 2: Said appropriations limit shall be adhered to in
the City of Newport Beach budget for the 2003 -04 fiscal year.
ADOPTED this 10th day of J
ATTEST: oct^ _ -V
City
Clerk
O��6WPp 9
U Zn
^ ae'
STATE OF CALIFORNIA }
COUNTY OF ORANGE
CITY OF NEWPORT BEACH }
I, Leilani I. Brown, Deputy City Clerk of the City of Newport Beach, California, do
hereby certify that the whole number of members of the City Council is seven; that the foregoing
resolution, being Resolution No. 2003 -27 was duly and regularly introduced before and adopted by
the City Council of said City at a regular meeting of said Council, duly and regularly held on the
10th day of June, 2003, and that the same was so passed and adopted by the following vote, to wit:
Ayes: Heffernan, Proctor, Adams, Webb, Nichols, Mayor Bromberg
Noes: None
Absent: Ridgeway
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this I Ith day of June, 2003.
Q,� -.P, ,
Deputy City Clerk
Newport Beach, California
(Seal) (