| REPEAL
                  THE HERMOSA BEACH UTILITY TAX  | 
|  | 
|  | 
|  *Documents: Formula for
                Surplus*  | 
| Special note, Oct. 2007: Purely by coincidence, the 2007 City-sponsored measure to increase the UUT was given the same ballot letter designation as the 2001 Citizen-sponsored measure to repeal the UUT! | 
| These excerpts from official documents show how the City calculates its surpluses, and how they are disposed of. | 
| To see the source document from which an excerpt came, click on the link to the right of the excerpt. | 
|  | This is* the 
 
 
 
 | |
|  | "Designated Reappro- priations" moved upwards | Formula 6-30-99 Source | 
|  | Formula 6-30-98 Source | |
|  | Surplus no longer a "Surplus" | |
|  | Formula 6-30-96 Source | |
| Source: HB Finance Department | ||
| All Documents reproduced here were obtained lawfully. |