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1004 RESOLUTION N0. 1004 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS ESTABLISHING THE 2006-07 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 2006-07 Fiscal Year Appropriations Limit: California per capita personal income, plus 3.96% (plus three point nine six percent). Population Adjustments for County of Los Angeles for FY 2006-2007, plus 0.78% (plus zero point seven eight 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 2006- 07 Fiscal Year Appropriation Limit of the City of Rolling Hills: $1,087,715. Section 2. The City Clerk shall certify to the passage of Resolution No. 1004. PASSED,APPROVED AND ADOPTE 6�'day of u 2006. e�, jam s lack Ma or Pro Tem ATTEST: �� ���� �e� � Marilyn L. Kern Deputy City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF ROLLING HILLS ) The foregoing Resolution No. 1004 entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS ESTABLISHING THE 2006-07 FISCAL YEAR APPROPRIATION LIMIT FOR THE CITY OF ROLLING HILLS. was approved and adopted at a regular meeting of the City Council on June 26, 2006, by the following roll call vote: AYES: Councilmembers Hill , Pernell and Mayor Pro Tem Black. NOES: None . ABSENT: Councilmember Heinsheimer and Mayor Lay. ABSTAIN: No n e . , l MARILYN L. RN DEPUTY CITY CLERK Resolution No. 1004 -1-