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10851 RESOLUTION NO. 1085 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING . HILLS ESTABLISHING THE 2010-11 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 2010-11 Fiscal Year Appropriations Limit: California per capita personal income, -2.54% (minus two point five four percent). Population Adjustments for County of Los Angeles for FY 2010-11, 0.83% (plus zero point eight three 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 2010-11 Fiscal Year Appropriation Limit of the City of Rolling Hills: $1,200,515 Section 2. The City Clerk shall certify to the passage of Resolution No. 1085. PASSED, APPROVED AND ADOPTED 1 ATTEST: U&" Heidi Luce Deputy City Clerk Resolution No. 1085 -1- STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) SS CITY OF ROLLING HILLS ) The foregoing Resolution No. 1085 entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS ESTABLISHING THE 2010-11 FISCAL YEAR APPROPRIATION LIMIT FOR THE CITY OF ROLLING HILLS. was approved and adopted at a regular meeting of the City Council on June 14, 2010, by the following roll call vote: AYES: Councilmembers Hill, Heinsheimer, Mayor Pro Tem Lay and Mayor Pernell. NOES: Councilmember Black. ABSENT: None. ABSTAIN: None. *&bd) HEIDI LUCE DEPUTY CITY CLERK 1 1 Resolution No. 1085 -2-