1986-36 RESOLUTION NO. 86-36
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 1986-87 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
1986-87.
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 1986-87.
ADOPTED this .Loth day of ,1111 „ 1986.
ATTEST:
City Clerk of th City of Grand May of e t Gran Terrace
_^ -Terrace -and of die City Council and of th ity o n '1 the of.
.,thereof.
I, ILENE DUGHMAN, 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 loth day
of July 1986, by the following vote:
AYES: Councilmembers Matteson, Petta, Pfennighausen, Evans ;
Mayor Grant
NOES: None
ABSENT: None
ABSTAIN: None
Apr ed as to or
City Clerk
City Attorney '
EXHIBIT
RESOLUTION NO. 86-36
Adopted July 10, 1986
CITY OF GRAND TERRACE
DETERMINATION OF APPROPRIATIONS LIMIT FOR PROCEEDS OF TAXES
Appropriations Limit from FY 85/86 $ 1,884,911
Maximum permitted. growth rate from Schedules 1 & 2
(1.0230 x 1.0870 = 1. 1120) x 1.0568
1986/87 Appropriations Limit $ 2,096,021
1986/87 estimated proceeds of taxes from Schedule 3
(from 1986/87 Annual Budget) $ 1,630,443
DIFFERENCE (Cushion before the limit would effect the City) $ 465,578