Loading...
HomeMy Public PortalAboutResolution 96-35181 1 1 RESOLUTION NO. 96 -3518 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMPLE CITY CONFIRMING THE FACTORS USED FOR CALCULATING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 1996 -97 WHEREAS, the voters of California in November, 1979 added Article XITIB (Proposition 4) to the State Constitution placing various limitations on the appropriations of the State and local governments; and WHEREAS, the voters of California in June, 1990 modified Article XIIIB by approving Proposition 111 and SB 88 (Chapter 60/90) which revised the annual adjustment factors to be applied to the 1986 -87 Limit and each year thereafter; and WHEREAS, the decision as to which of the factors: a) either the California Per Capita Income or the percentage change in the local assessment roll from the preceding year due to the addition of local non - residential construction in the city; b) either the city's own population growth or the entire country; must be done by a recorded vote of the City Council; and WHEREAS, the City of Temple City has complied with all the provisions of Article XIIIB in determining the Appropriations Limit for Fiscal Year 1996 -97. NOW, THEREFORE, the City Council of the City of Temple City does resolve, determine and order as follows: SECTION 1. The adjustment factors (the California Per Capita Income and the population growth of the City) are to be applied to the 1986 -87 Limit and each year thereafter. SECTION 2. The accumulated growth in the calculation of these new factors are to be applied to the Appropriations Limit in Fiscal Year 1996 -97. SECTION 3. The Appropriations Limit for Fiscal Year 1996 -97 shall be $8,104,770 for the City of Temple City as determined by Exhibit A, attached hereto. SECTION 4. The City Clerk shall certify to the adoption of this resolution. APPROVED AND ADOPTED this 18th day of June, 1996 MAYOR ATTEST: I hereby certify that the foregoing resolution, Resolution No. 96 -3518 was duly adopted by the City Council of the City of Temple City at a regular meeting held on the 18th day of June, 1996 by the following vote: AYES: Councilman - Breazeal, Budds, Gillanders, Souder, Wilson NOES: Councilman -None ABSENT: Councilman -None EXHIBIT A PAGE 1 OF 4 IIIARTICLE XIII -B OF THE CALIFORNIA CONSTITUTION (GANN INITIATIVE) 1 1 Effective July 1, 1980, Proposition 4(Gann) put a limit on the City's expenditures from tax revenues based on 1978 -79 appropriations that is adjusted each succeeding year by Consumer Price Index and population changes. Non - Proceeds of Taxes (Fines and Forfeitures and User Fees) were not subject to this limit. In 1989 -90 Proposition 111 was passed, which changed the base year to 1986 -87 and allows cities to adjust their limit annually by either the change in the California per capita income or the percentage change in growth in total assessed valuation due to non residential construction. For population changes, cities now have the option of using either the percentage increase of the City or the percentage increase of the entire county. The law also allows for the exclusion from the limit of "qualified capital outlay" which includes any appropriation for fixed assets costing over $100,000. The 1996 -97 budget expenditures are well within the statutory limit. It should be noted that future revenues exceeding the limitation require a return of the excess to the taxpayers or a substantial portion of'such excess will be forfeited for State uses. COMPUTATION OF APPROPRIATIONS LIMIT 1996 -97 APPROPRIATIONS LIMIT 1995 -96 limit (1) Per Capita Income and City population change factor applied to 1995 -96 appropriations limit 1996 -97 appropriations limit $7,694,645 1.0533 $8,104,770 APPROPRIATIONS SUBJECT TO LIMIT AND APPROPRIATIONS MARGIN Proceeds of Taxes $4,407,547 Less Exclusions: 1.254,300 Qualified Capital Outlay Appropriations Subject to Limit $3,153,247 Appropriations Margin $4,951,523 (1) Recalculated as a result of Proposition 111 and in accordance with guidelines of the League of California Cities. Formal adoption for the FY 1991 -92 recalculated appropriations limit was approved by the City Council on July 2, 1991. 1 EXHIBIT A Page 2 of 4 Schedule of Calculations of Appropriations Limit for Fiscal Year 1995 -96 a) Revised Appropriation Limit Calculation Increase Annual Base City or County In California Adjustment Appropriations Fiscal Year Population Growth Per Capita Income Factor Limit 1986-87 — — — $5,097,811 1987 -88 101.91% County 103.47% 105.45% 5,097,811 x 1.0545 5,375,642 1988 -89 101.62% County 104.66% 106.36% 5,375,642 x 1.0636 5,717,533 1989 -90 101.14% County 105.19% 106.39% 5,717,533 x 1.0639 6,082,883 1990 -91 101.36% County 104.21% 105.63% 6,082,883 x 1.0563 6,425,349 1991 —92 101.73% County 104.14% 105.94% 6,425,349 x 1.0594 6,807,015 1992 -93 101.49% County 99.36% 100.84% 6,807,015 x 1.0084 6,864,194 1993 -94 101.42% City 102.72% 104.18% 6,864,194 x 1.0418 7,151,117 1994 -95 100.79% City 100.71 % 101.51% 7,151,117 x 1.0151 7,259,099 1995 -96 101.22% City 104.72% 106.00% 7,259,099 x 1.0600 7,694,645 1996 -97 100.63% City 104.67% 105.33% 7,694,645 x 1.0533 8,104,770 1 1 1 Schedule of Calculations of Appropriations Limit for Fiscai Year 1995 -96 (Con't) b) Past Appropriation Limit Calculation Fiscal Year EXHIBIT A Page 3 of 4 City Increase Annual Base Population In Consumer Adjustment Appropriations Growth Price Index Factor Umit 1986-87 — — — $5,097,811 1987 -88 101.72% 103.04% 104.80% 5,097,811 x 1.0480 5,342,506 1988 -89 100.55% 103.93% 104.50% 5,342,506 x 1.0450 5,582,919 1989 -90 99.19% 104.98% 104.13% 5,582,919 x 1.0413 5,813,493 1990 -91 100.45% 104.21% (1) 104.68% 5,813,493 x 1.0468 6,085,565 (1) The increase in California Per Capita Income was used instead of the Consumer Price Index 1 1 1 POPULATION GROWTH Fiscal Year City County 1987 -88 101.72% 101.91% 1988-89 100.55% 101.62% 1989-90 99.19% 101.14% 1990-91 100.45% 101.36% 1991 -92 100.93% 101.73% 1992 -93 100.93% 101.49% 1993-94 101.42% 100.96% 1994-95 100.79% 100.75% 1995-96 101.22% 100.33% 1996-97 100.63% 100.48% EXHIBIT A Page 4 of 4