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HomeMy WebLinkAboutCC 15 APPROP'S LIMIT 06-03-91)ATE: MAY 30, 1991 TO: WILLIAM A.. HUSTON, CITY MANAGER FROM: RONALD *A. NAIJLT, DIRECTOR OF FINANCE CONSENT CALENDAR NO. 15 6-3-91 Inter -Co ' .` 7 rp ; SUBJECT: RESOLUTION 91-92 ADOPTING APPROPRIATIONS LIMIT FOR FISCAL 1990-91. RECOMMENDATION: Adopt Resolution 91-92 setting the appropriations limit for fiscal 1990-91 at $18,955,979. DISCUSSION; We are required by law, as a result of the Gann Initiative or Proposition 5, to annually adopt a limit on appropriations for governmental funds. The basis of this limitation is the relationship between proceeds of tax and total appropriations. The base year was 1978-79, and limits are allowed to grow based on the annual increased population and U.S. CPI/California per Capita Personal Income, whichever is less. Exhibit A shows the calculation of the 1990-91 appropriation limit and extrapolates the variance between this limit and our appropriations. At this time we are below our limit by $4.4 million. The cumulative growth factors this year, as provided by the State Department of Finance, were a certified population of 49,409, an increase of 4.35 percent, and the California per capita personal income of 4.21 percent. Ronald A. Nault Director of Finance RAN: 1s Attachments a:aproptin A mt 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16I 17 18' 19 20 21 22 23 24 25 26 27 28 RESOLUTION 91-92 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN, DETERMINING AND ADOPTING AN APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 1990-91,1N ACCORDANCE WITH ARTICLE. XIIIB OF THE CONSTITUTION OF *THE STATE OF CALIFORNIA; .AND' SECTION .7910 -.OF THE GOVERNMENT CODE. The City Council of The City of Tustin does hereby resolve as follows: WHEREAS, Article XIIIB was added to the Constitution of the State of California at a general election held November 61 1979; and WHEREAS, an annual appropriation limit must be determined for this City effective for the fiscal year beginning July, 1990; and WHEREAS, the appropriations limit must be adhered to in preparing and adopting this City's Annual Budget. NOW, THEREFORE, the City Council of the City of Tustin does hereby resolve and order as follows: Section I: In accordance with Article XIIIB of the Constitution of the State of California, and Section 7910 of the Government Code and as set forth in detail in the Attached Exhibit "A" that the appropriations limit for the fiscal year beginning July, 1990 is $18,955,979. Section 2: The appropriations limit shall not be exceeded - in the adopted budget nor by any proposed amendment to the budget. PASSED AND ADOPTED at a regular meeting of the City Council of the City of Tustin held on the day Of 1991. Charles E. Puckett, Mayor ATTEST: Mary Wynn, City Clerk la:resolutn.lmt Ex III :bit T. C��vvi TUa�'_1 Annual Appropriations Limit Resolution 91-92 1990-91 Appropriations Limit And 1990-91 Appropriations Subject To Limit 1990-91 APPROPRIATIONS LIMIT: 1989-90 Appropriations Limit $17,432,388 1990-91 Cumulative Growth Rate 1,0874 -------------- 1990-91 Appropriations Limit $18,955,979 1990-91 APPROPRIATIONS SUBJECT TO L1�1T: Total Governmental Appropriations $41,612,528 Less: Non Proceeds of Tax ($20,086,244) PERS Unfunded Liability $0 General Obligation Bonded Debt ($85,000) Use of Prior Years Reserves ($6,904,106) -------------- Net Appropriations Subject to Limit $14,536,578 1989-90 Appropriations Limit $18,955,979 -------------- Variance Over,(uader) 1989-90 Limit ($4,419,401) -------------- -------------- 0 Reaenue Source (A)Taxes (B)License/Permits (C)Fines/Forfeitures (D)Revenue from Other Aqencies (E)Charges for Services (F)Revenue from Use of Property Exhibit B L uJ _ Annual Appropriations 1990-91 Proceeds of Ta? Computation Sub -Total (G)Use of Money $600,000 Total TOTAL FUNDS AVAILABLE SUBJECT TO THE LIMIT Proceeds Non -Proceeds of Tares of Taxes ------------ -------------- $16,&63,66§ $510,000 $617,000 $2,013,3;0 $14,341,943 $4,167,803 $10,000 $67,000 ------------ -------------- $19,466,969 $19,783,746 $297,602 $302,498 ------------ -------------- $19,154,467 $20,086,244 $39,840,711 -------------- --------------