HomeMy WebLinkAboutConsent Calendar #4 9-21-87~,~i~!~DA ~ CONSENT CALENDAR
DATE: SEPTEMBER 15, 1987
TO: WILLIAM A.~ON, CITY MANAGER
FROM: RONALD A. ~CTOR OF FINANCE
SU~EGT: RESOLUTION 87-103 ADOPTING APPROPRIATIONS LIMIT FOR
FISCAL 1987-88
RECOMMENDATION:
AdOpt Resolution 87-103 setting the appropriations limit for
Piscal 1987-88 at $14,751,425.
DISCUSSION:
We are required by law as a result of the Gann Initiative-
Proposition 4, 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 1978-89 and limits are allowed to grow based on
the annual increased population and CPI/or per capita personal
income.
The appropriations limit will not be exceeded in the adopted
budget nor by any proposed amendment to the budget.
RAN:is
I
R~:~0/.,0TZ(~I 87-103
3 A P~OLlY~ O~ ~ ~ COONurL OF ~ CITY OF T~TIN,
4 PISCAL YEAR 1987-88, IN ~ WITH ARTICr~. XIIIB OF THE
THE (I)~-~O~ OF ~ $"n~l~ OF C~r.vF(~ANIA, A~) S~2TI(~ 7910
$
The City Council of The City of TUstin does hereby resolve as
7 follows:
8 ~m~EAS, Article XIIIB was. added to the Constitution of the
State of California at a general election held November 6, 1979; and
9
~REAS, an annual appropriati6n limikt must be determined
10 for this City effective for the fiscal year beginning July, 1987; and
11 ~.-.Fa%S, the appropriations limit must be adhered to in
preparing and adopting this City's Annual Budget.
12
I~W, T~R~RE, The City Council of the City of Tustin does
13 hereby resolve and order as follows:
14 Section I: In accordance with Article XIIIB of the
Constitution of the State of California, and Section 7910 of
1..5 the Government Code and as set forth in detail in the
Attached Exhibit "A" that the appropriations limit for the
]6 fiscal year beginning July 1, 1987 is $14,751,425.
17 Section 2: The appropriations limit shall not be exceeded in
the adopted budget nor by any proposed amendment to the
18 budget.
19 PASSED AI~ ADOFI~u at a regular meeting of the City Council
of the City of Tustin held on the 21st day of September, 1987.
20
21
Richard B. Edgar, Mayor
23
24: A?'CEST:
97~ ~ry ~.. Wynn, City Clerk
28
EXHIBIT "A"
RESOLUTION 87-103
1987-88 APPROPRIATIONS LIMIT
AND
APPROPRIATIONS SUBJECT TO LIMIT
1986-87 Appropriations limit $14,249,831_
Cumulative growth rate X 1.0352
1987-88 Appropriations limit $14,751,425
Appropriations Subject to-Limit:
Total governmental appropriations $19,409,094
Less:
Non Proceeds of tax (6,676,823)
PERS unfunded liability -0-
General obligation bonded debt ( 71,320
Use of prior year reserves (1,133,811
Total appropriations subject to limit $ 11,727,140
Variance Over/(Under) Limit $ 3,024,285