Resolution - 8363RESOLUTION NO. 8363
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA, CALIFORNIA, SETTING THE ANNUAL APPROPRIATIONS
LIMIT FOR THE FISCAL YEAR 1989-90.
WHEREAS, Article XIIIB of the California Constitution requires
the Legislative Body to establish its appropriations limit at a regularly
scheduled meeting for the fiscal year ending June 30, 1990; and
WHEREAS, Section 7910 of the Government Code requires the
governing body of each local jurisdiction to establish its appropriations
limit by resolution; and
WHEREAS, the appropriations limit documentation has been
available for public inspection for the required fifteen days, per
Section 7910 of the Government Code, prior to the approval of the limit
by the Legislative Body.
NOW, THEREFORE, the City Council of the City of West Covina
does resolve as follows:
SECTION 1. The appropriations limit for the year ending
June 30, 1990, has been determined to be $37,429,936.
SECTION 2. That the City Clerk shall certify to the adoption
of this resolution and the same shall be in full force in effect
immediately upon adoption.
APPROVED and ADOPTED this 28th day of June , 1989.
ATTEST:
V�
City Clerb
I HEREBY CERTIFY that the foregoing Resolution No. 8363
was duly adopted by the City Council of the City of West Covina at
a regular meeting thereof, held on the 28th day of June 1989,
by the following vote of the Council:
AYES: COUNCILMEMBERS
NOES: COUNCIL14EI-IBERS
ABSENT: COUNCILMEMBERS
APPROVED AS TO FORM:
McFadden, Hanners, Lewis, Bacon
None
Tarozzi
_ City C1 k
0-
CITY OF WEST COVINA
1989-90 APPROPRIATIONS LIST
1988-89 Appropriations Limit $ 35,593,321
Multiply by Cumulative Growth Factor $ 1.0516
1989-90 Appropriations Limit $ 37,429,936
Consumer Price Index Change
Population Change for City
Cumulative Growth Factor Calculation
= 4.98 percent 1.0498 ratio
= 0.17 percent_-1.0017 ratio
1.0498 X 1.0017 = 1.0516 ratio