HomeMy WebLinkAbout2007-42 - Establishing an Appropriation LimitRESOLUTION NO. 2007-42
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH
DETERMINING AND ESTABLISHING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2006-
07 IN ACCORDANCE WITH ARTICLE X11113 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 Citys 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 2007
for the City of Newport Beach is $131,978,593. The computation of appropriations for the 2007-
08 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 2007 -08 fiscal year.
ADOPTED this 12th day of June, 200'
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STATE OF CALIFORNIA }
COUNTY OF ORANGE } ss.
CITY OF NEWPORT BEACH }
I, LaVonne M. Harkless, 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. 2007 -42 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
12th day of June 2007, and that the same was so passed and adopted by the following vote, to wit:
Ayes: Henn, Curry, Selich, Webb, Daigle, Gardner, Mayor Rosansky
Noes: None
Absent: None
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 13th day of June 2007.
(Seal)
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City Clerk
Newport Beach, California