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HomeMy WebLinkAbout2005-01RESOLUTION NO. 2005-01 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF UKIAH FIXING LIMITATION ON CITY EXPENDITURES FOR FISCAL YEAR 2004-2005 WHEREAS, the provisions of Article XIII B of the California Constitution (Proposition 4, 1979, the spending initiative), passed by the voters of the State of California, place a limitation on the expenditures of governmental agencies; and WHEREAS, the above referenced legislation requires the City of Ukiah to establish its appropriation limit for the 2004-2005 fiscal year; and WHEREAS, the Director of Finance of the City of Ukiah has computed the limitation of the City of Ukiah for the 2004-2005 fiscal year in accordance with the provisions thereof in the amount of $25,802,097; and WHEREAS, the appropriation limitation for the 2004-2005 fiscal year was determined by utilizing the change in California per capita income and the percentage of population change within the City of Ukiah as estimated by the State of California, Department of Finance as of January 1, 2004. NOW, THEREFORE, BE IT RESOLVED, that the budgetary appropriation limitation of the City of Ukiah for fiscal year 2004-2005 is hereby fixed at $25,802,097, as set forth in Exhibit "A" attached hereto and made a part hereof by this reference. AYES: NOES: ABSTAIN: ABSENT: PASSED AND ADOPTED this 7th day of July 2004, by the following roll call vote: Councilmembers Rodin, Andersen, Smith, Baldwin, and Mayor Larson "G'~rdon [Elton, ~;ity Clerk None None None Eric~l'~o-n, I~ayor - Resolution No. 2005-01 Page 1 of 1