1991-16 RESOLUTION NO . 91-16
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND
TERRACE, CALIFORNIA, ESTABLISHING THE FISCAL YEAR
1991-1992 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 1991-1992 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 incorporated herein by reference is the established limit for
Fiscal Year 1991-1992.
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 1991-1992.
ADOPTED this 27th day of June , 1991 .
ay of the City 40 - $ran Terrace
an of the City Council thereof.
ATTEST:
.Deputy i! y CTerZ o e i y o
G:rand' Terrace- and of the City Council
thereof.
RESOLUTION NO . 91-16
PAGE TWO
I , BRENDA STANFILL, Deputy 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 27th day of June , 1991, by the following vote :
AYES : Councilmember Carlstrom, Christianson.-and Hilkey; Mayor Pro
Tem Grant; Mayor Matteson
NOES : None
ABSENT : None
ABSTAIN : None
#r4-
Dep ty i ty
pproved as to form;
Ci y ttorney
EXHIBIT "A"
RESOLUTION NO. 91-16
Adopted June 27, 1991
CITY OF GRAND TERRACE
DETERMINATION OF APPROPRIATIONS LIMIT FOR PROCEEDS OF TAXES
Appropriations Limit from FY 90/91 $3,143,367
Maximum permitted growth rate per Proposition 111
(1.0414 x 1.1723 = 1.2208) x 1.2208
1991/92 Appropriations Limit $3,837,422
1991/92 estimated proceeds from taxes
(per 1991/92 Annual Budget) $2,471,719
DIFFERENCE (Cushion before the limit would effect the City) $1,365,703