HomeMy WebLinkAbout08-055 CC Resolution' RESOLUTION NO. OS-55
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA ESTABLISHING THE APPROPRIATIONS
LIMIT FOR FY 2008-09
THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE
AS FOLLOWS:
Section 1. The Appropriations Limit for the City of Temecula for FY 2008-09,
attached hereto as Exhibit B, is hereby adopted.
Section 2. The City Clerk shall certify to the adoption of this resolution and
shall cause a certified resolution to be filed in the office of the City Clerk.
PASSED, APPROVED, AND ADOPTED by the City Council of the City of
Temecula this 10~h day of June, 2008.
Vv`- "~~\
Michael S. Nag ar, Mayor
' ATTEST:
Susan. J'pnes, MMC
City CI rk ~
[SEAL]
R:/Resos 2008/Resos 08-55 1
' STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, MMC, City Clerk of the City of Temecula, do hereby certify that
the foregoing Resolution No. 08-55 was duly and regularly adopted by the City Council of
the City of Temecula at a meeting thereof held on the 10~h day of June, 2008, by the
following vote:
AYES: 5 COUNCIL MEMBERS: Comerchero, Edwards, Roberts,
Washington, Naggar
NOES: 0 COUNCIL MEMBERS: None
ABSENT: 0 COUNCIL MEMBERS: None
ABSTAIN: 0 COUNCIL MEMBERS: None
J
Jones, MMC
City Clerk
R:/Resos 2008/Resos OS-55 2
' EXHIBIT "B"
CITY OF TEMECULA, CALIFORNIA
COMPUTATION OF GANN APPROPRIATIONS LIMIT
FY 2007-08 Appropriation Limit $84,096,724
FY 2008-09 City Population Change 3.10%
FY 2008-09 Increase in Non-Residential Assessed Valuation" 7.29%
Cumulative Compound (1.0310 x 1.0729) 10.62%
FY 2008-09 Appropriation Limit $93,024,423
Source: State of California Department of Finance
" Source: HdL Coren & Cone