HomeMy WebLinkAboutResolution No. 08-C043E
RESOLUTION NO. 08-C43
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RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA ESTABLISHING AN
AMENDED APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2008-09 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 XIIIB 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 Director of Administrative Services/CFO 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
Director of Administrative Services/CFO 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 2008-09 shall be adopted in the amount of $45,045,512 for said Fiscal Year.
PASSED AND
r AA'D� OPTED this 2"d day of June, 2008.
J SEP R. RO R , MAYOR
I HEREBY CERTIFY that the foregoing Resolution No. 08-C43, was duly adopted by the City Council
of the City of Azusa at a regular meeting thereof held on the 2nd day of June, 2008, by the following vote of the
Council:
AYES: COUNCIL MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA
NOES: COUNCIL MEMBERS: NONE
ABSTAIN:C UNCIL MEMBERS: NONE
ABSENT: UNCIL MEMBERS: NO
VERA MENDOZA, CITY CLERK
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EXHIBIT A
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ANNUAL APPROPRIATIONS LIMIT CALCULATION
FOR FISCAL YEAR 2008/09
Inflation Factor (selected higher of the following):
Growth in the
4.29%
State
1.0429 Factor
California per
Department of
capita personal
Finance
income
Growth in the
6.93%
Hdl Coren &
1.0693 Factor
Selected for
non-residential
Cone
Calculation
assessed
valuation due to
new
construction
within the City
Population Factor (selected higher of the following):
City
0.75%
State
1.0075 Factor
Department of
Finance
County
0.86%
State
1.0086 Factor
Selected for
Department of
Calculation
Finance
Annual Linits Calculation:
Appropriations Limit for FY 2007/08:
Adjustment factors for Fiscal Year 2008/09:
Inflation Factor(B) Population Factor(C)
1.0693 1.0086
Combined Factor(B times C)
1.07850
Adjustment for inflation and population (A times D):
$41,766,817 (A)
0.07850 (D)
3,278,695
Appropriations Limit for Fiscal Year 2008/09: $45,045,512
i.
n
N.
A
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EXHIBIT B
APPROPRIATIONS SUBJECT TO THE ANNUAL LIMIT
FOR FISCAL YEAR 2008/09
PROCEEDS OF TAXES
Property Tax
Non -Property Tax
Licenses and Permits
Intergovernmental Revenues
TOTAL PROCEEDS OF TAXES
EXCLUSION
NET INVESTED PROCEEDS OF TAXES
D. INTEREST ALLOCATION
$8,708,500
14,841,009
1,897,250
350,000
E. APPROPRIATIONS SUBJECT TO LIMIT
F. APPROPRIATIONS LIMIT FOR FY 2008/09 (EXHIBIT A)
G. FY 2008/09 APPROPRIATIONS OVER/(UNDER) LIMIT
25,796,759
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25,796,759
1,389,410
27,186,169
45,045,512
$ (17,859,343)