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Resolution - 2017-67Kimberfy-rIall Barlow City Attorney RESOLUTION NO. 2017-67 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, 2018 WHEREAS, Article XIIIB of the California Constitution requires the Legislative Body to establish its appropriations limit for the upcoming fiscal year ending June 30, 2018; 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, per Section 7910 of the Government Code, prior to the approval of the limit by Legislative Body; and WHEREAS, for the fiscal year ending June 30, 2018, the appropriations limit has been calculated using the change in population for the County of Los Angeles (rather than for the City of West Covina) and the change in local assessed value due to the addition of non-residential new construction (rather than the change in California per capita personal income). 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, 2018, is established at $173,698,989; 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. PASSED, APPROVED, AND ADOPTED this 22nd day of June, 2017. Zda,bczab-c/ APPROVED AS TO FORM: ATTEST: I, HEREBY CERTIFY that the foregoing resolution was duly adopted by the City Council of the City of West Covina, California, at a special meeting thereof on the 22" day of June, 2017 by the following vote of the City Council: AYES: NOES: ABSENT: ABSTAIN: Johnson, Spence, Toma, Wu, Warshaw None None None