The URL can be used to link to this page

Home My Public Portal AboutResolution 02-4092L 1 RESOLUTION NO. 02 -4092 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 2002 -2003 WHEREAS, the voters of California in November, 1979 added Article XIIIB (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 county; 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 2002 -2003. 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 County) are to be applied to the 2001 -02 Limit. SECTION 2. The accumulated growth in the calculation of these new factors are to be applied to the Appropriations Limit in Fiscal Year 2002 -2003. SECTION 3. The Appropriations Limit for Fiscal Year 2002 -2003 shall be $11,350,941 for the City of Temple City as determined by Exhibit B, attached hereto. SECTION 4. The City Clerk shall certify to the adoption of this resolution. APPROVED AND ADOPTED this 18th day of June, 2002 ATTEST: /iLG‘412/b16 MAYOR Resolution No. 02 -4092 Page 2 I hereby certify that the foregoing resolution, Resolution No. 02 -4092 was duly adopted by the City Council of the City of Temple City at a regular meeting held on the 18th day of June, 2002 by the following vote: AYES: Councilman- Souder, Wilson, Zovak, Vizcarra, Gillanders NOES: Councilman -None ABSENT: Councilman -None -.1-LIL,A44L-eL City Clerk a 1 1 1 1 EXHIBIT B Page 1 of 5 ARTICLE XIII -B OF THE CALIFORNIA CONSTITUTION (GANN INITIATIVE) 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 2002 -2003 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 2002 -2003 APPROPRIATIONS LIMIT 2001 -02 limit (1) Per Capita Income and County population change factor applied to 2001 -02 appropriations limit 2002 -2003 appropriations limit $11,296,717 1.0048 $11,350,941 APPROPRIATIONS SUBJECT TO LIMIT AND APPROPRIATIONS MARGIN Proceeds of Taxes $6,073,420 Less Exclusions: Qualified Capital Outlay 1,811,915 Appropriations Subject to Limit $4,261,505 Appropriations Margin $7,089,436 (1) Recalcuted 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. EXHIBIT B Page 2 of 5 Schedule of Calculations of Appropriations Limit for Fiscal Year 2002 -03 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 Schedule of Calculations of Appropriations Limit for Fiscal Year 2002 -03 (Con't) a) Revised Appropriation Limit Calculation City or County Fiscal Year Population Growth 1997 -98 1998 -99 1999 -00 2000 -01 2001 -02 2002 -03 101.30% City 101.39% County 101.78% County 101.75% County 101.66% County 101.77% County Increase In California Per Capita Income 104.67% 104.15% 104.53% 104.91% 107.82% 98.73% Annual Adjustment Factor 106.03% 105.60% 106.39% 106.75% 109.61% 100.48% EXHIBIT B Page 3 of 5 Base Appropriations Limit 8,104,770 x 1.0603 8,593,488 8,593,488 x 1.0560 9,074,723 9,074,723 x 1.0639 9,654,598 9,654,598 x 1.0675 10,306,283 10,306,283 x 1.0961 11,296,717 11,296,717 x 1.0048 11,350,941 EXHIBIT B Page4of5 Schedule of Calculations of Appropriations Limit for Fiscal Year 2002 -03 (Con't) b) Past Appropriation Limit Calculation City Increase Annual Base Population In Consumer Adjustment Appropriations Fiscal Year Growth Price Index Factor Limit 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 EXHIBIT B Page 5 of 5 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% 1997 -98 101.30% 101.24% 1998 -99 101.37% 101.39% 1999 -00 101.62% 101.78% 2000 -01 101.53% 101.75% 2001 -02 101.33% 101.66% 2002 -03 . 101.69% 101.77%