HomeMy WebLinkAboutCC 7 APPROP LMT 88-89 02-06-89~I~ A ~mmmm ~ I ,]]mmm~"~ ~ CONSENT CALENDAR
dATE: JANUARY 27, 1989 ~_.~'~I~~-'%,~' ..... '--"--''"
TO:
FROM:
SUBJECT:
WILLIAM STON, C Y MANAGF. R
RONALD A~~-~~CTOR OF FINANCF-
RF. SOLUTI0~ 89-17 ADOPTING APPROPRIATIONS
FISCAL 88-89
LIMIT FOR
J
RECOMMENDATION:
Adopt Resolution 89-17 setting the appropriations limit for
fiscal 1988-89 at $16,219,192.
DISCUSSION:
We are required by law, as a result of the Gann Initiative or
Proposition 4, to annually adopt a limit on appropriations for
governmental funds. The basis of this limitation is the
relationship between pFoceeds of tax and total appropriations.
The base year was 1978-79, and limits are allowed ~o 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 1988-89 appropriation
limit and extrapulates the variance between this limit and our
appropriations. At this time we are below our limit by $1.9
million. The cumulative growth factors this year, as provided by
the State Department of Finance, were a certified population of
45,765, an increase of 5.79 percent, and the U.S. consumer price
index of 3.93 percent.
RAN:is
Attachment
Exhibit A
City of Tustin
Annual Appropriations Limit
Resolution 89-17
1988-89 Appropriations Limit
And
1988-89 Appropriations Subject To Limit
1988-89 APPROPRIATIONS LIMIT:
1987-88 Appropriations Limit
1988-89 Cum Growth Rate
1988-89 Appropriations Limit
$14,751,425
1.0995
$16,219,192
1988-89 APPROPRIATIONS SUBJECT TO LIMIT:
Total Governmental Appropriations
Less:
Non Proceeds of Tax
PERS Unfunded Liability
General Obligation Bonded Debt
Use of Prior Years Reserves
Net Appropriations Subject to Limit
1988-89 Appropriations Limit
$42,501,312
($26,531,803)
$0
($71,500)
($1,622,404)
$14,275,605
$16,219,192
Variance Over/(under) 1988-89 Limit
($1,943,587)
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RESOLUTION 89-17
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ~USTIN,
DETERMINING AND ADOPTING AN APPROPRIATIONS LIMIT FOR THE
FISCAL YEAR 1988-89, IN ACCORDANCE ~-iTH ARTICI~ XIIIB OF
THE CONSTITUTION OF THE STATE OF CALIFORNIA, AND SECTION 7910
OF THE C0V]~I~NT CODE.
The City Council of The City of Tustin does hereby resolve as
follows:
·
WqIERF2kS, Article XIIIB was added to the Constitution of the
State of California at a general election held November 6, 1979; and
WMERFAS, an annual appropriation limit must be determined for
this City effective for the fiscal year beginning July, 1988; and
WqiEREAS, the appropriations limit must be adhered t° 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 1, 1988 is $16,219,192.
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 , 1989.
Ursula E. Kennedy, Mayor
ATTEST:
Mary E. Wynn, City Clerk
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