Resolution 2024-111 October 22, 2024 Page 1 of 2
Resolution 2024-111
Adopted by the City of South Lake Tahoe
City Council
October 22, 2024
Establishing the Appropriations Limit for the Fiscal Year 2024-2025 in Compliance with Proposition 111 in the Amount of $102,835,601
BACKGROUND
A. Article XIIIB of the California Constitution and Section 7910 of the Government Code of the State of California provide that the governing body of each jurisdiction shall by resolution establish its appropriation limit for the following fiscal year.
B. Proposition 111 approved in November 1990 now requires that the limit be calculated using new growth factors.
C. The City Council has reviewed the appropriate growth factors and does hereby choose the population growth within El Dorado County to better reflect the average daily population.
D. The City Council has reviewed the appropriate cost of living factors and does hereby choose the per capita personal income factor.
E. Documentation used in determination of the appropriations limit has been available to the public since October 4, 2024, in the Accounting Division, meeting the required fifteen (15) day period for public inspection as required by law.
F. The City Council of the City of South Lake Tahoe now desires to adopt said appropriations limit.
BASED ON THE FACTS SET FORTH IN THE BACKGROUND, BE IT RESOLVED, that the City Council of the City of South Lake Tahoe:
1. Hereby declares that the appropriations limit for the Fiscal Year 2024-2025 in compliance with Proposition 111 is established in the amount of $102,835,601.
Adopted by the City of South Lake Tahoe City Council on October 22, 2024 by the following vote:
Yes: Bass, Wallace, Creegan, Robbins, Middlebrook
Resolution 2024-111 October 22, 2024 Page 2 of 2
________________________ Date:_________
Cody Bass, Mayor
Attest:
________________________
Susan Blankenship, City Clerk
The presence of electronic signature certifies that the foregoing is a true and correct copy as approved by the South Lake Tahoe City Council.
Susan Blankenship (Oct 23, 2024 11:24 PDT) Cody Bass (Oct 23, 2024 15:07 PDT) 10/23/2024 Res 2024-111 FY 2024-2025 Appropriation
Limit
Final Audit Report 2024-10-23
Created: 2024-10-23
By: Michelle Davis ([email protected])
Status: Signed
Transaction ID: CBJCHBCAABAAlvy_mTKOR1uUOH_vpDJ409EYNXQfJlWS "Res 2024-111 FY 2024-2025 Appropriation Limit" History Document created by Michelle Davis ([email protected]) 2024-10-23 - 6:23:01 PM GMT
Document emailed to Susan Blankenship ([email protected]) for signature 2024-10-23 - 6:23:06 PM GMT
Email viewed by Susan Blankenship ([email protected]) 2024-10-23 - 6:24:00 PM GMT
Document e-signed by Susan Blankenship ([email protected]) Signature Date: 2024-10-23 - 6:24:08 PM GMT - Time Source: server Document emailed to Cody Bass ([email protected]) for signature 2024-10-23 - 6:24:10 PM GMT
Email viewed by Cody Bass ([email protected])
2024-10-23 - 10:07:40 PM GMT
Document signing delegated to Cody Bass ([email protected]) by Cody Bass ([email protected]) 2024-10-23 - 10:07:43 PM GMT
Document e-signed by Cody Bass ([email protected])
Signature Date: 2024-10-23 - 10:07:52 PM GMT - Time Source: server Agreement completed.
2024-10-23 - 10:07:52 PM GMT