Loading...
HomeMy Public PortalAboutResolution 08-45591 1 1 RESOLUTION NO. 08-4559 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 2008 -2009 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 2008 -2009. 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 2007 -08 Limit. SECTION 2. The accumulated growth in the calculation of these new factors are to be applied to the Appropriations Limit in Fiscal Year 2008 -2009. SECTION 3. The Appropriations Limit for Fiscal Year 2008 -2009 shall be $15,280,174 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 17th day of June, 2007 ATTEST: MAYOR Resolution No. 08 -4559 Page 2 I hereby certify that the foregoing resolution, Resolution No. 08 -4559 was duly adopted by the City Council of the City of Temple City at a regular meeting held on the 17th day of June, 2007 by the following vote: AYES: Councilmember - Gillanders, Vizcarra, Wong, Capra, Wilson NOES: Councilmember -None ABSENT: Councilmember -None ABSTAIN: Councilmember -None 1 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 2008 -2009 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 2008 -2009 APPROPRIATIONS LIMIT 2007 -08 limit (1) $14,526,261 Per Capita Income and County population change factor applied to 2007 -08 appropriations limit 1.0519 2008 -2009 appropriations limit $15,280,174 APPROPRIATIONS SUBJECT TO LIMIT AND APPROPRIATIONS MARGIN Proceeds of Taxes $8,472,400 Less Exclusions: Qualified Capital Outlay 2,249,900 Appropriations Subject to Limit $6,222,500 Appropriations Margin $9,057,674 (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 2008-09 a) Revised Appropriation Limit Calculation 1 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 1997 -98 101.30% City 104.67% 106.03% 8,104,770 x 1.0603 8,593,488 1998 -99 101.39% County 104.15% 105.60% 8,593,488 x 1.0560 9,074,723 ,Schedule of Calculations of Appropriations Limit for Fiscal Year 2008 -09 (Con't) a) Revised Appropriation Limit Calculation City or County Fiscal Year Population Growth 1999 -00 101.78% County 2000 -01 101.75% County 2001 -02 101.66% County 2002 -03 101.77% County 2003 -04 101.66% County 2004 -05 101.52% County 2005 -06 101.50% County 2006 -07 100.78% County 2007 -08 100.72% County 2008 -09 100.86% County . Increase In California Per Capita Income 104.53% 104.91% 107.82% 98.73% 102.31% 103.28% 105.26% 103.96% 104.42% 104.29% Annual Adjustment Factor 106.39% 106.75% 109.61% 100.48% 104.01 % 104.85% 106.50% 104.77% 105.17% 105.19% EXHIBIT B Page 3 of 5 Base Appropriations Limit 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 11,350,941 x 1.0401 11, 806,114 11, 806,114 x 1.0485 12,378,711 12, 378, 711 x 1.0650 13,183,327 13,183, 327 x 1.0477 13,812,172 13,812,172 x 1.0517 14,526,261 14,526,261 x 1.0519 15,280,174 EXHIBIT B Page 4 of 5 Schedule of Calculations of Appropriations Limit for Fiscal Year 2008 -09 (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 1 1 1 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% 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% 2003 -04 101.17% 101.66% 2004 -05 101.89% 101.38% 2005 -06 100.91% 101.18% 2006 -07 100.09% 100.78% 2007 -08 100.52% 100.72% 2008 -09 100.50% 100.86% EXHIBIT B Page 5 of 5