HomeMy WebLinkAboutResolution No. 05-C058• RESOLUTION NO. 05-058 •
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA ESTABLISHING AN APPROPRIATIONS
LIMIT FOR THE FISCAL YEAR 2005-06 PURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA
CONSTITUTION
WHEREAS, in June of 1990, the voters of the State of California enacted Proposition 111, "The
Traffic Congestion Relief and Spending Limitation Act of 1990"; and
WHEREAS, this Act amended Article XIIIB of the Constitution of the State of California regarding
spending limitations of cities; and
WHEREAS, Article X11113 of the California Constitution provides that the total annual appropriations
subject to limitation of each governmental entity, including this City, shall not exceed the appropriation
limit of such entity of government for the prior year, adjusted for changes in the cost of living or personal
income and. population, except as otherwise provided for in said Article XIIIB and implementing State
Statutes; and
WHEREAS, pursuant to said Article XIIIB of said California Constitution, and Section 7900 et seq. of
the California Government Code, the City is required to set its appropriation limit for each fiscal year; and
WHEREAS, the Acting Finance Director of the City of Azusa has caused a technical review to be
made of the documentation for the City's said appropriation limitation, and has caused the numbers upon
which the City's appropriation limit is based to be researched and said limit to be calculated; and
WHEREAS, based on such calculations, as described in the attached documentation as Exhibit A and
B, the Acting Finance Director has determined the said appropriation limit and, pursuant to Section 7910 of
the said California Government Code, has made available to the public the documentation used in the
determination of said appropriation limit; and
WHEREAS, the City Council elects to utilize said calculations, which are attached for reference.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Azusa, California, that said
appropriation limit for Fiscal Year 2005-06 shall be adopted in the amount of $35,376,142 for said Fiscal
Year.
PASSED AND ADOPTED this 5t' day of July, 2005.
MAYOR
1 HEREBY CERTIFY that the foregoing Resolution No. 05-058 was duly adopted by the City
Council of the City of Azusa at a regular meeting thereof held on the 5`" day of July, 2005.
AYES : COUNCIL MEMBERS: HARDISON, CARRILLO, ROCHA, HANKS, CHAGNON
NOES : COUNCIL MEMBERS: NONE
ABSTAIN : COUNCIL MEMBERS: NONE
ABSENT OUNCIL MEMBERS: NONE
CITY CLERK
0
EXHIBIT A
ANNUAL APPROPRIATIONS LINUT CALCULATION
FOR FISCAL YEAR 2005/06
Inflation Factor (selected higher of the following):
Growth in the
5.26%
State
1.0526 Factor
California per
Department of
capita personal
Finance
income
Growth in the
10.00%
HdL Coren &
1.1000 Factor
Selected for
non-residential
Cone
Calculation
assessed
valuation due to
new
construction
within the City
Population Factor(selected higher of the following):
City
0.70%
State
1.0070 Factor
Department of
Finance
County
1.18%
State
1.0118 Factor
Selected for
Department of
Calculation
Finance
Annual Limits Calculation:
Appropriations Limit for FY 2004/05:
Adjustment factors for Fiscal Year 2005/06:
Inflation Factor(A) Population Factor(B)
1.1000 1.0118
Combined Factor(A times B)
1.11298
Adjustment for inflation and population:
Appropriations Limit for Fiscal Year 2005/06:
Prepared by Roseanna J.Jara
Sr. Accountant -Redevelopment
U:%BUDGEr'1GannLi mitCalculationOS.doc
$31,785,065
X .11298
$ 3,591,077
35.376.142
0 0
EXHIBIT B
APPROPRIATIONS SUBJECT TO THE ANNUAL LIMIT
FOR FISCAL YEAR 2005/06
A. PROCEEDS OF TAXES
Prepared by Roseanna J. Jara
Sr. Accountant -Redevelopment
U:\BUDGETGann LimitCalculation05.doc
Property Tax $ 2,605,400
Non -Property Tax 13,101,500
Licenses and Permits 2,428,350
Intergovernmental Revenues 5,453,596
TOTAL PROCEEDS OF TAXES
$23,588,846
B.
EXCLUSION
0
C.
NET INVESTED PROCEEDS OF TAXES
$23,588,846
D.
INTEREST ALLOCATION
581,090
E.
APPROPRIATIONS SUBJECT TO LIMIT
$24.169.936
F.
APPROPRIATIONS LIMIT FOR FY 2005/06 (EXHIBIT A)
$35,376,142
G.
FY 2005/06 APPROPRIATIONS OVER (UNDER) LIMIT
( 11.206.2061
(Item F Minus Item E)
Prepared by Roseanna J. Jara
Sr. Accountant -Redevelopment
U:\BUDGETGann LimitCalculation05.doc