HomeMy WebLinkAboutResolutions - No. 80-71RESOLUTION NO. 80-71
RESOLUTION ADOPTING AN APPROPRIATION
SPENDING LIMIT FOR 1980-81 IN COMPLIANCE
WITH AB 4
RESOLVED, that the City Council of the City of Lodi does
hereby adopt the following Appropriation Spending Limit for 1980-
81 in Compliance with AB 4.
Total Appropriations 1978-79 Base Year $19761,458.
Less: Exempt Appropriation:
Non -Proceeds of Taxes $11,939,069.
Debt Service 479,605. $12,418,674.
Appropriations Subject to Limit
(1978-79 Base Year) S 7,342,784.
For 1979-80
Increase by CPI of 12.39%
and. Population Increase of 1.3% $ 8,359,838.
For 1980-81
Increased by CPI of 14.1%
and Population Increase of 3.1% $ 9,834,270..
Dated: May 21, 1980
I hereby certify that Resolution No. 80-71 was
passed and adopted by the City Council of Lodi
in a regular meeting held May 21, 1980 by the
following vote:
Ayes: Councilmen - Hughes, McCarty, Murphy
Pinkerton and Katnich
Noes: Councilmen - None
Absent: Councilmen - None
4'�L'
AL3 E M. REIMCHE
City Clerk
80-71