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1178RESOLUTION NO. 1178 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS ESTABLISHING THE 2015-16 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 $256,942; 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 2015-16 Fiscal Year Appropriations Limit: California per capita personal income, 3.82% (plus three point eight two percent). Population Adjustments for County of Los Angeles for FY 2015-16, 0.82% (plus zero point eight two 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 2015-16 Fiscal Year Appropriation Limit of the City of Rolling Hills: $1,433,421. Section 2. The City Clerk shall certify to the passage of Resolution No. 1178. PASSED, APPROVED AND ADOPTED this 80' day of June, 2015. Jeff aper Mayor ATTEST: Heidi Luce City Clerk Resolution No. 1178 -1- STATE OF CALIFORNIA } COUNTY OF LOS ANGELES } SS CITY OF ROLLING HILLS } The foregoing Resolution No. 1178 entitled: A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ROLLING HILLS ESTABLISHING THE 2015-16 FISCAL YEAR APPROPRIATION LIMIT FOR THE CITY OF ROLLING HILLS. was approved and adopted at a regular meeting of the City Council on June 8, 2015, by the following roll call vote: AYES: Councilmembers Dieringer, Mirsch, Wilson and Mayor Pieper. NOES: None. ABSENT: Councilmember Black. ABSTAIN: None. N 411 t� HEIDI LUCE CITY CLERK Resolution No. 1178 -2-