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HomeMy WebLinkAboutResolution No. 09-C0420 RESOLUTION NO. 09-C42 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA ESTABLISHING AN AMENDED APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2009-10 PURSUANT TO ARTICLE XIHB 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 2009-10 shall be adopted in the amount of $52,707,754 for said Fiscal Year. PASSED AND ADOPTED this 1st day of June, 2009. H R x2 JEPA, MAYOR I HEREBY CERTIFY that the foregoing Resolution No. 09-C42 was duly adopted by the City Council of the City of Azusa at a regular meeting thereof held on the 1 st day of June, 2009, by the following vote of the Council: AYES: COUNCIL MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA NOES: COUNCIL MEMBERS: NONE ABSTAIN: COUNCIL MEMBERS: NONE ABSENT: COUNCIL MEMBERS: NONE VERA MENDOZA, CITY CLERK 0 • EXHIBIT A ANNUAL APPROPRIATIONS LIMIT CALCULATION FOR FISCAL YEAR 2009/10 Inflation Factor (selected higher of the following): Growth in the0.62% State 1.0062 Factor California per Department of capita personal Finance income Growth in the 15.92% Hdl Coren & 1.1592 Factor Selected for non-residential Cone Calculation assessed valuation due to new construction within the City Population Factor (selected higher of the following): City 0.94% State 1.0094 Factor Selected for Department of Calculation Finance County 0.90% State 1.0090 Factor Department of Finance Annual Linits Calculation: Appropriations Limit for FY 2008/09: Adjustment factors for Fiscal Year 2009/10: Inflation Factor (B) Population Factor (C) 1.1592 1.0094 Combined Factor (B times C) 1.17010 Adjustment for inflation and population (A times D) Appropriations Limit for Fiscal Year 2009/10: $ 45,045,512 (A) 0.17010 (D) 7,662,242 $ 52,707,754 EXHIBIT B APPROPRIATIONS SUBJECT TO THE ANNUAL LIMIT FOR FISCAL YEAR 2009/10 A. PROCEEDS OF TAXES Property Tax Non -Property Tax Licenses and Permits . Intergovernmental Revenues TOTAL. PROCEEDS OF TAXES B. EXCLUSION C. NET INVESTED PROCEEDS OF TAXES D. INTEREST ALLOCATION E. APPROPRIATIONS SUBJECT TO LIMIT $ 8,916,235 15,254,670 2,232,550 178,000 F. APPROPRIATIONS LIMIT FOR FY 2009/10 (EXHIBIT A) G. FY 2009/10 APPROPRIATIONS OVER/(UNDER) LIMIT 26,581,455 W 26,581,455 789,815 27,371,270 52,707,754 $ (25,336,484)