HomeMy WebLinkAbout058-2011RESOLUTION NO. 58-2011
APPROVING THE 2011/12 OPERATING BUDGET AND
SETTING THE 2011/12 APPROPRIATION LIMIT
WHEREAS, an Operating Budget for FY 2011/12 was submitted to the Town Council
on May 3,2011; and
WHEREAS, the Town Council held three public study sessions on May 3, May 10, May
17 and May 31, 2011 to review the draft Operating Budget; and
WHEREAS, the Town Council accepted public testimony and studied the proposed
Operating Budget; and
WHEREAS, the emphasis in the Operating Budget is focused upon maintaining current
program and service levels to the extent that is possible in the current economic
recession; and
WHEREAS, the Operating Budget 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, sufficient revenues are available to fund all 2011/12 expenditures; and
WHEREAS, the Town Council is required to adopt an appropriation limit for proceeds
of taxes pursuant to Proposition 111 passed by the voters in June 1990; 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, the Town Council has selected the growth in
California per capita income and the increase in population growth within the Town as
the adjustment factors for FY 2011/12; now therefore, be it
RESOLVED that the Danville Town Council does hereby appropriate funds and adopt
the 2011/12 Operating Budget, and be it further
RESOLVED, that the Danville Town Council does hereby set the FY 2011/12
appropriation limit at $29,348,803.
APPROVED by the Danville Town Council at a regular meeting on June 21, 2011, by
the following vote:
AYES: Stepper, Andersen, Arnerich, Doyle, Storer
NOES: None
ABSTAINED: None
ABSENT: None
APPROVED AS TO FORM:
I3
CITY ATTORNEY
C EST:
CITYCLERK
PAGE 2 OF RESOLUTION NO. 58 -2011