0916RESOLUTION NO. 916
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROLLING HILLS ESTABLISHING THE 2002-03 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 2002-03 Fiscal
Year Appropriations Limit:
California per capita personal income, minus 1.27% (minus one point two seven
percent).
Population Adjustments for County of Los Angeles for FY 2002-2003, plus 1.77%
(plus one point seven seven 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 2002-
03 Fiscal Year Appropriation Limit of the City of Rolling Hills: $894,940.
Section 2. The City Clerk shall certify to the passage of Resolution No. 916.
PASSED, APPROVED AND ADOPTED this 24`' day of June, 2002.
W
B. Allen Lay
Mayor
ATTEST:
Marilyn L. Kern
Deputy City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) SS
CITY OF ROLLING HILLS )
The foregoing Resolution No. 916 entitled:
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ROLLING HILLS ESTABLISHING THE 2002-2003 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, 2002, by the
following roll call vote:
AYES: Coucilmembers Murdock, Pernell, Mayor Pro Tem Hill and Mayor Lay.
NOES: None.
ABSENT: Councilmember Heinsheimer.
ABSTAIN: None.
MARILYN L. IdRRN
DEPUTY CITY CLERK
Resolution No. 916 -1-