0786RESOLUTION NO. 786
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROLLING HILLS ESTABLISHING THE 1996-97 FISCAL YEAR
APPROPRIATION LIMIT FOR THE CITY OF ROLLING HILLS.
WHEREAS, the City of Rolling Hills has heretofore established its Base Year
Appropriations Limit as $256,941; and
WHEREAS, to the best of this City's knowledge and belief, the State
Department of Finance figures reflect the following statistics relevant to the calculation of
the 1996-97 Fiscal Year Appropriations Limit:
California per capita personal income, plus 4.677o (plus four point six seven
percent).
Population Adjustments for City of Rolling Hills for FY 1996-1997, plus 0.51%
(plus zero point five one percent).
NOW, THEREFORE, IT IS HEREBY RESOLVED AS FOLLOWS:
Section 1. Based on the foregoing figures and the provision of Article XIII B
of the Constitution of the State of California, the following figure accurately represents the
1996-97 Fiscal Year Appropriation Limit of the City of Rolling Hills: $639,429.
Section 2. The City Clerk shall certify to the passage of Resolution No. 786.
PASSED, APPROVED AND ADOPTED this 24th day of June, 1996.
QXL �",Aj
Jodyrd
Mayor
ATTEST:
Crai R. Nealis
City Manager
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF ROLLING HILLS )
The foregoing Resolution No. 786 entitled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROLLING HILLS ESTABLISHING THE 1996-97 FISCAL YEAR
APPROPRIATION LIMIT FOR THE CITY OF ROLLING HILLS.
was approved and adopted at a regular meeting of the City Council on June 24, 1996, by the
following roll call vote:
AYES: Councilmembers Heinsheimer, Hill,Pernell, Mayor Pro Tem Lay
and Mayor Murdock.
NOES: None.
ABSENT: None.
ABSTAIN:None .
MARILYN L. KERN
DEPUTY CITY CLERK
Resolution No. 786 -1-