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HomeMy WebLinkAboutResolution No. 11-C37RESOLUTION NO. 11-C37 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA ESTABLISHING AN AMENDED APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2011-12 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 2011-12 shall be adopted in the amount of $153,054,779 for said Fiscal Year. PASSED �AND DADOPTED this 6th day of June, 2011. osep W. Rocha, Mayor . I HEREBY CERTIFY that the foregoing Resolution No. i 1-C37 was duly adopted by the City Council of the City of Azusa at a regular meeting thereof held on the 6th day of June, 2011. AYES COUNCIL MEMBERS: GONZALES, CARRILLO, MACIAS, HANKS, ROCHA NOES COUNCIL MEMBERS: NONE ABSTAIN : COUNCIL MEMBERS: NONE ABSENT OUN IL MEMBERS: NONE Vera Mendoza, City Clerk EXHIBIT A ANNUAL APPROPRIATIONS LIMIT CALCULATION FOR FISCAL YEAR 2011/12 Inflation Factor (selected higher of the following): Growth in the 2.51% State 1.0251 Factor Selected for California per Department of Calculation capita personal Finance income Growth in the -13.08% Hdl Coren & 0.8692 Factor non-residential Cone assessed valuation due to new construction within the Cit Population Factor (selected higher of the following): City 0.02% State 1.0002 Factor Department of Finance County 0.38% State 1.0038 Factor Selected for Department of Calculation Finance Annual Linits Calculation: Appropriations Limit for FY 2010/11: Adjustment factors for Fiscal Year 2011/12: Inflation Factor (B) Population Factor (C) 1.0251 1.0038 Combined Factor (B times C) 1.02900 Adjustment for inflation and population (A times D) $ 148,741,282 (A) 0.02900 (D) 4,313,497 Appropriations Limit for Fiscal Year 2011/12: $ 153,054,779 EXHIBIT B APPROPRIATIONS SUBJECT TO THE ANNUAL LIMIT FOR FISCAL YEAR 2011/12 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 $ 8,072,595 14,804,665 2,940,050 157,000 F. APPROPRIATIONS LIMIT FOR FY 2011/12 (EXHIBIT A) G. FY 2011/12 APPROPRIATIONS OVER/(UNDER) LIMIT 25,974,310 [1: 25,974,310 612,150 26,586,460 153,054,779 $ (126,468,319)