2004 RES R-58-04 - Laserfiche WebLink

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1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. R-58-04 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF COLTON APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2004-05 WHEREAS, the voters of California, on November 6, 1979, added Article XIII -B to the State Constitution placing various limitations on the appropriations of the state and local governments; and WHEREAS, Article XIII -13 provides that the appropriations limit for the fiscal year 2004-05 is calculated by adjusting the base year appropriations of fiscal year 1978-79 for changes in the cost of living and population; and WHEREAS, the City of Colton has complied with all the provisions of Article XIII -13 in determining the appropriations limit for fiscal year 2004-05 utilizing the County population index; and WHEREAS, The City of Colton must make the necessary determinations regarding the use of a cost -of -living index change and the population index change beginning in 2004-05 NOW, THEREFORE, BE IT RESOLVED that the appropriations limit for fiscal year 2004-05 shall be $43,806,265 for the City of Colton, and; BE IT FURTHER RESOLVED, that the fiscal year 2004-05, the City of Colton selects the California percentage change in per capita income as its cost -of -living index change as determined by the California State Department of Finance and that the City of Colton selects the population index change for the County as a whole instead of the change in City population as its population index change. PASSED, APPROVED AND ADOPTED THIS 1st DAY OF JUNE 2004. () 0J 'A �6 DEIRDRE H. BENNETT ATTEST: Mayor � �-sem, ,�i►��. �t� 61A - CAROLINA P. BARRERA, CMC � 4 City Clerk