HomeMy WebLinkAbout081-00RESOLUTION NO. 81-2000
APPROVING THE 2000-2002 FINANCIAL PLAN AND
THE 2000-2001 APPROPRIATION LIMIT
WHEREAS, a draft Financial Plan for fiscal years 2000-2002 was submitted to the Town
Council on April 28, 2000; and
WHEREAS, the Town Council held four public study sessions on May 2, May 9, May 16 and
May 23 and one public hearing on June 6, 2000 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
WIIEREAS, pursuant to Proposition 111 passed by the voters in June 1990, the Town has
selected the growth in California Per Capita Income and the increase in Town population as the
adjustment factors for 2000-2001; now therefore, be it
RESOLVED, that the Danville Town Council does hereby adopt the proposed 2000-2002
Financial Plan; and be it further
RESOLVED, that the Danville Town Council does hereby set the fiscal year 2000-2001
appropriation limit at $15,781,496.
APPROVED by the Danville Town Council at a regular meeting on June 6, 2000 by the
following vote:
AYES:
NOES: None
ABSTAINED: None
ABSENT: Waldo
Greenberg, Doyle, Arnerich, Shimansky
MAYOR
FORM:
CITY ATTORNEY
DZPTU~CiTY CLEI~A(