HomeMy WebLinkAbout091-99RESOLUTION NO. 91-99
APPROVING THE 1999-2000 FINANCIAL PLAN AND
THE 1999-2000 APPROPRIATION LIMIT
WHEREAS, a draft Financial Plan for fiscal years 1999-2000 was submitted to the Town
Council on May 6, 1999; and
WHEREAS, the Town Council held three public study sessions on May 6, May 13 and May
20 and one public hearing on June 1, 1999 to discuss the proposed Financial Plan; and
WHEREAS, the Town Council reviewed and made various revisions to the proposed Financial
Plan; and
WHEREAS, the emphasis in the draft Financial Plan is focused upon maintaining current
program and service levels, with a modest expansion of services levels in certain areas; and
WHEREAS, the draft Financial Plan proposes programmatic service levels which are within
the Town's financial means while reserving funds for capital projects, meeting debt service
obligations, and adequate reserve and contingency levels; and
WHEREAS, the Town Council is required to adopt an appropriation limit for proceeds of taxes;
and
WHEREAS, this limit fixes the amount of general tax revenue that can be appropriated in a
given fiscal year; and
WHEREAS, any excess revenue must be returned to the taxpayers; and
WHEREAS, pursuant to Proposition 111 passed by the voters in June 1990, the Town has
selected the growth in California per capita income and the change in Town population as the
adjustment factors for 1999-2000; and
WHEREAS, the Town Manager has recommended that salary ranges and health benefit
allotments be adjusted as determined by the 1999 Compensation Survey; now, therefore, be it
RESOLVED, that the Danville Town Council does hereby adopt the proposed 1999-2000
Financial Plan; and be it further
RESOLVED, that the Danville Town Council does hereby set the fiscal year 1999-2000
appropriation limit at $14,818,643.
APPROVED by the Danville Town Council at a regular meeting on June 1, 1999 by the
following vote:
AYES: Arnerich, Greenberg, Doyle,
NOES: None
ABSTAINED: None
ABSENT: None
Shimansky, Waldo
MAYOR
CITY ATTORNEY
CITY CLERK
PAGE 2 OF RESOLUTION NO. 91-99