1985-13 RESOLUTION NO. 85-13
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
GRAND TERRACE, CALIFORNIA, ESTABLISHING THE FISCAL
YEAR 1985-86 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 1985-86 Appropriations Limit pursuant to Article
XIII-B of the State Constitution as required by California Government Code,
Section 7910.
Section 2. That the limits determined on Exhibit "A" attached hereto
and incorported herein by reference is the established limit for Fiscal Year
1985-86.
Section 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 1985-86.
ADOPTED this 25th day of July, 1985.
ATTEST: _
ity �r of t e City of Gra Mayor o e ty o ran rrace
Terrace and of .the City Cound and of th' i ty Council thereof.
thereof:
I, Myrna Erway, City Clerk of the City of Grand Terrace, do hereby
certify that the foregoing Resolution was introduced and adopted at a regular
meeting of the City Council of the City of Grand Terrace held on the 25th day
Of , 1985, by the following vote:
AYES: Councilmembers Matteson, Petta, Pfennighausen, Evans;
Mayor Grant
NOES: None
ABSENT: None
ABSTAIN: None
App oved as to f rm: _
1 C-_i ty- C 1e = _
City Attorney __- \
EXHIBIT "A
RESOLUTION NO. 85- 13
Adopted July 25, 1985
CITY OF GRAND TERRACE
DETERMINATION OF APPROPRIATIONS LIMIT FOR PROCEEDS OF TAXES
Appropriation Limit from FY 1984-85 $ 1,783,602
Maximum permitted growth rate from Schedules 1 & 2
(1.0374 x 1.0187 = 1.0568) x 1.0568
1985-86 Appropriations Limit $ 1,884,911
1985-86 estimated proceeds of taxes from Schedule 3
(from 1985-86 Annual Budget) $ 1,460,618
DIFFERENCE (Cushion before the limit would
impact the City) $ 424,293