HomeMy WebLinkAboutCC 3 APPROPRIAT'S LMT 08-19-85DATE:
AUGUST 7, 1985
CONSENT CALENDAR
TO:
FROM:
SUBJECT:
WILLI/~M A. HUSTON, CIT~N~AGER
RONALD A. NAULT, FINANC~RB~TOR
RESOLUTION 85-85 ADOPTING APPROPRIATIONS LIMIT FOR FISCAL 1985-86
RECOMMENDATION
Adopt Resolution 85-85 setting the appropriations limit for fiscal 1985-86 at
$13,305,164.
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 1978-79 and limits are allowed to grow
based on the annual increased population and CPI/or per capita personal
income.
As you can see on schedule A we are well within our limit for fiscal 86.
RAN:skr
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RESOLUTION NO. 85-85
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TUSTIN,
DETERMINING AND ADOPTING AN APPROPRIATIONS LIMIT FOR THE
FISCAL YEAR i985-86, IN ACCORDANCE WITH ARTICLE XIIIB OF
THE CONSTITUTION OF THE STATE OF CALIFORNIA, AND SECTION
7910 OF THE GOVERNMENT CODE.
The Ctty Council of the City of Tusttn does hereby resolve as follows:
WHEREAS, Article XIIIB was added to the Constitution of the State of
California at a general election held November 6, 1979; and
WHEREAS, an annual appropriation limit must be determined for this City
effective for the fiscal year beginning July 1985; 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 1: 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 l, 1985 is
$13,305,164.
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
Tusttn held on the day of , 1985.
Frank H. Gretnke, Mayor
ATTEST:
Mary E. Wynn, City Clerk
Resolution No. 85-85
EXHIBIT "A"
1985-86 APPROPRIATIONS LIMIT
AND
APPROPRIATIONS SUBJECT TO LIMIT
1984-85
1985-86
Appropriations limit
Cumulative growth rate
Appropriations limit
$12,837,866
X 1.0364
$13,305,164
APPROPRIATIONS SUBJECT TO LIMIT:
Total governmental appropriations
Add net increase to reserves
Less:
Non proceeds of tax
PERS unfunded liability
General obligation bonded debt
Use of prior year reserves
Total appropriatons subject to limit
Variance Over/(Under) Limit
$15,509,668
42,800
(3,910,974)
( 43,000)
( 177,000)
( 761~812)
$10,659,682
(2,645,482)