0842RESOLUTION NO. 842
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROLLING HILLS ESTABLISHING THE 1998-99 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 1998-99 Fiscal Year Appropriations Limit:
California per capita personal income, plus 4.15% (plus four point one five
percent).
Population Adjustments for County of Los Angeles for FY 1998-1999, plus
1.39% (plus one point three nine 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
1998-99 Fiscal Year Appropriation Limit of the City of Rolling Hills: $719,519.
Section 2. The City Clerk shall certify to the passage of Resolution No. 842.
PASSED, APPROVED AND ADOPTED this 22nd day of June, 1998.
n
Frank E. Hill V
Mayor
ATTEST:
Marilyn L. Kern
Deputy City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF ROLLING HILLS )
The foregoing Resolution No. 842 entitled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROLLING HILLS ESTABLISHING THE 1998-1999 FISCAL YEAR
APPROPRIATION LIMIT FOR THE CITY OF ROLLING HILLS.
was approved and adopted at a regular meeting of the City .Council on June 22, 1998, by the
following roll call vote:
AYES: Councilmembers Lay, Murdock, Pernell and Mayor Hill.
NOES: None.
ABSENT: Mayor Pro Tem Heinsheimer.
ABSTAIN: None.
MARILYN L. ERN
DEPUTY CITY CLERK
Resolution No. 842 -1-