1987-18 RESOLUTION NO. 87-18
A RESOLUTION OF THE CITY COUNCIL. OF THE CITY OF
GRAND TERRACE, CALIFORNIA, ESTABLISHING THE FISCAL
.YEAR 1987-88 APPROPRIATIONS LIMIT PURSUANT TO
ARTICLE XIII-B OF THE STATE CONSTITUTION AS
REQUIRED BY CALIFORNIA GOVERNMENT CODE
SECTION 7910.
WHEREAS, Article XIII-B of the California Constitution requires that
an Appropriations Limit be determined and.established annually for each
governmental entity within the State of California;
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE DOES
HEREBY RESOLVE, DECLARE, DETERMINE, AND ORDER AS FOLLOWS:
Section 1 . That the City Council of -the City of Grand Terrace hereby
establishes the Fiscal Year 1987-88 Appropriations Limit pursuant to Article
XIII-B of the State Constitution as required by California Government- Code,
Section 7910.
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Section 2. That -the- limits determined on Exhibit "A" attached hereto
and incorported herein by reference is the established limit for Fiscal Year-
1987-88. .
Sect ion" 3': That the City of ;Grand Terrace, as shown in said
Exhibit. "A", has complied with the limit imposed on appropriations and that
all proceeds of taxes were appropriated for Fiscal Year 1987-88.
ADOPTED this .9th day of July, 1987.
ATTEST:
CG2�Y _
C ity.Clerk of the C ty of Grand May of the Ci o Grand Terrace
Terrace-and of the'City Council and f the City Council thereof.
~ \'-- I,. LORETTA THOMPSON, City Clerk of the City of Grand Terrace, do
=hereb`,- rtify that the foregoing Resolution was introduced and adopted at a
re.gul,ar., meeting of the City Council of the' City of Grand Terrace held on the
9th. day of July, 1987, by the following vote:
AYES: Councilmembers Pfennighausen, Grant, Evans, Crawford:
Mayor Matteson
NOES: None
ABSENT: None
ABSTAIN:None
Approved as' to form
4ity Clerk
City Attorney
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EXHIBIT "A"
RESOLUTION NO. 87- 18
Adopted July 09, 1987
CITY OF GRAND TERRACE
DETERMINATION OF APPROPRIATIONS LIMIT FOR PROCEEDS OF TAXES
Appropriations Limit from FY 86/87 $ 1,945,039
Maximum permitted growth rate from Schedules 1 & 2
(1.0304 x .9895 = 1.0196) x 1.0196
1987/88 Appropriations Limit $ 1,983,162
('- ,1987/88 estimated proceeds of taxes from Schedule 3
(from 1987/88 Annual Budget) $ 1,673,764
DIFFERENCE (Cushion before the limit would effect the City) $ 309,398