Resolution - 2007-42RESOLUTION NO.2007-42
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF WEST
COVINA, CALIFORNIA, SETTING THE ANNUAL APPROPRIATIONS
LIMIT FOR THE FISCAL YEAR ENDING JUNE 30, 2008
•WHEREAS, Article XIIIB of the California Constitution requires the Legislative
Body to establish its appropriations limit at a regularly scheduled meeting for the upcoming fiscal
year ending June 30, 2008; and
•
WHEREAS, Section 7910 of the Government Code requires the governing body of
each local jurisdiction to make such determinations and 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 Legislative Body.
WHEREAS, for the fiscal year ending June 30, 2008, the appropriations limit has
been computed using the change in population for the County of Los Angeles (rather than for the
City of West Covina) and the change in California per capita personal income (rather than the
change in local assessed value due to the addition of non-residential new construction).
NOW, THEREFORE, the City Council of the City of West Covina does resolve as
follows:
SECTION 1. The appropriations limit for year ending June 30, 2008, is established
at $95,292,522; and
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 5th day of June 2007.
.,,. MayV�M ��
- W,
I, LAURIE CARRICO, CITY CLERK of the City of West Covina, California, do hereby certify
that the foregoing Resolution No. 2007-42 was duly adopted by the City Council of the City of
West Covina at a regular meeting thereof, held on the 5th day of June, 2007, by the following vote
of the Council:
AYES:
Herfert, Hernandez, Lane, Sanderson,
NOES:
None
ABSENT:
None
ABSTAIN:
None
APPROVED AS TO FORM:
G l�f---
City Attorney Amcdd Alvarez-Glasman
Clerk Lburie Carrico'