CITY OF OJAI Resolution No. 16-41 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF OJAI, CALIFORNIA ESTABLISHING APPROPRIATIONS LIMIT FOR 2016-2017 WHEREAS, cities are required to establish appropriations limits pursuant to Proposition 111 each fiscal year; and WHEREAS, appropriations limits are developed based upon base year 1986-87 appropriations; and WHEREAS, the City chooses the percentage change in California per capita personal income as a basis for computing the appropriation limit; and WHEREAS, the City chooses as an adjustment factor the growth in the County population; and WHEREAS, based upon State formulas, the 2016-2017 appropriation limit is 1.05749332% above the 2015-2016 limits. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF OJAI, CALIFORNIA DOES HEREBY RESOLVE AND ORDER AS FOLLOW: SECTION 1. Establishes the Appropriation Limit for the 2016-2017 fiscal year at $11,447,976. PASSED, APPROVED AND ADOPTED on this 28th day of June, 2016.
William Weirick, Mayor pro tem ATTEST:
Cheryl Shaw, Deputy City Clerk Approved as to form:
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