HomeMy WebLinkAbout82-157 - Appropriations Limit 1982-83 BudgetRESOLUTION NO. 82 -157
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH DETERMINING AND "ESTABLISH -
ING AN APPROPRIATIONS LIMIT FOR THE FISCAL
YEAR 1982 -83 IN ACCORDANCE WITH ARTICLE
XIII -B OF THE CONSTITUTION OF THE STATE OF
CALIFORNIA AND'REVENUE AND TAXATION CODE
• SECTION 7910
WHEREAS, Article XIII B was added to the Constitution
•
of the State of California at the special State -wide election on
November 6, 1979; and
WHEREAS, Section 7910 was added to the Government Code
of the State of California by Chapter 12.05 of Statutes of 1980,
1979 -80 Regular Session of the California Legislature; and
WHEREAS, Section 7910 of the Government Code requires
the governing body of each local jurisdiction to adopt, by
resolution, its appropriations limit„ and
WHEREAS, the appropriations limit must be adhered to in
preparing and adopting this City's annual budget;
NOW, THEREFORE, the City Council of the City of Newport
Beach does hereby RESOLVE, DETERMINE and ESTABLISH as follows:
SECTION 1: In accordance with Article XIII B of the
Constitution of the State of California and Section 7910 of the
Government Code of the State of California and as set forth in
detail in the attached Exhibit "A ", incorporated herein by this
reference as though fully set forth herein, the appropriations
limit for the fiscal year beginning ;July 1, 1982 is
$30,923,429.00.
SECTION 2: Said appropriations limit shall be adhered
to in the budget for the 1982 -83 fiscal year.
ADOPTED this 13th day of December , 1982.
RSP/ F i nance 2
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EXHIBIT "A"
COMPUTATION OF APPROPRIATION LIMIT FOR 1982 -83 FISCAL YEAR
PER ARTICLE XIIIB STATE CONSTITUTION
Appropriation limit for 1981 -82
Adjust the 1981 -82 Appropriation Limit for
increase in Consumer Price Index.
($28,948,549 x 6.79 = $1,965,606)
Adjusted Appropriation Limit
Adjust the Adjusted Appropriation Limit for
increase in Population
($30,914,155 x .03 = $9,274)
Adjusted Appropriation Limit and
Appropriation Limit for 1982 -83
$28,948,549
1,965,606
$30,914,155
9,274
$30,923,429