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11211 f-; RESOLUTION NO. 1121 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS ESTABLISHING THE 2012-13 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 2012-13 Fiscal Year Appropriations Limit: California per capita personal income, 3.77% (plus three point seven seven percent). Population Adjustments for County of Los Angeles for FY 2012-13, 0.38% (plus zero point three 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 2012-13 Fiscal Year Appropriation Limit of the City of Rolling Hills: $1,286,767 Section 2. The City Clerk shall certify to the passage of Resolution No. 1121. PASSED, APPROVED AND ADOPTED this 11o' day of June 2012. James Bl c , M.D. Mayor ATTEST: (4�1a. Heidi Luce Deputy City Clerk Resolution No. 1121 -1- STATE OF CALIFORNIA COUNTY OF LOS ANGELES ) SS CITY OF ROLLING HILLS ) The foregoing Resolution No. 1121 entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS ESTABLISHING THE 2012-13 FISCAL YEAR APPROPRIATION LIMIT FOR THE CITY OF ROLLING HILLS. was approved and adopted at a regular meeting of the City Council on June 11, 2012, by the following roll call vote: AYES: Councilmembers Heinsheimer, Hill, Pernell, Mayor Pro Tem Hill and Mayor Lay. NOES: None. ABSENT: None. ABSTAIN: None. %-W�o HEIDI LUCE DEPUTY CITY CLERK 1 1 Resolution No. 1121 -2-