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HomeMy WebLinkAboutResolution No. 13-C48RESOLUTION NO. 13-C48 RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA ESTABLISHING AN AMENDED APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2013-14 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 2013-14 shall be adopted in the amount of $205,887,465 for said Fiscal Year. PASSED AND ADOPTED this 1 st day of July, 2013. ��J EPH ROME O RR OCHA, MAYOR I HEREBY CERTIFY that the foregoing Resolution No. 13-C48 was duly adopted by the City Council of the City of Azusa at a regular meeting thereof held on the 1 st day of July, 2013, by the following vote of the Council: AYES: COUNCIL MEMBERS: GONZALES, CARRILLO, ALVAREZ, ROCHA NOES: COUNCIL MEMBERS: NONE ABSTAIN: COUNCIL MEMBERS: NONE ABSENT : COUNCIL MEMBERS: MACIAS EXHIBIT A ANNUAL APPROPRIATIONS LIMIT CALCULATION FOR FISCAL YEAR 2013/14 Inflation Factor selected higher of the following): Growth in the 5.12% State 1.0512 Factor California per Department of capita personal Finance income Growth in the 26.32% Hdl Coren & 1.2632 Factor Selected for non-residential Cone Calculation assessed valuation due to new construction within the Cit Population Factor (selected higher of the following): City 2.03% State 1.0203 Factor Selected for Department of Calculation Finance County 0.69% State 1.0069 Factor Department of Finance Annual Limits Calculation: Appropriations Limit for Fiscal Year 2012/13: Adjustment factors for Fiscal Year 2013/14: Inflation Factor (B) Population Factor (C) 1.2632 1.0203 Combined Factor (B times C) 1.28884 Adjustment for inflation and population (A times D): Appropriations Limit for Fiscal Year 2013/14: $ 159,746,334 (A) 0.28884 (D) 46,141,131 $ 205,887,465 EXHIBIT B APPROPRIATIONS SUBJECT TO THE ANNUAL LIMIT FOR FISCAL YEAR 2013/14 A. PROCEEDS OF TAXES Property Tax $ 7,814,815 Non -Property Tax 18,1 13,425 Licenses and Permits 2,703,000 Intergovernmental Revenues 0 TOTAL PROCEEDS OF TAXES 28,631,240 B. EXCLUSION 0 C. NET INVESTED PROCEEDS OF TAXES 28,631,240 D. INTEREST ALLOCATION 79,920 E. APPROPRIATIONS SUBJECT TO LIMIT 28,711,160 F. APPROPRIATIONS LIMIT FOR FY 2013/14 (EXHIBIT A) 205,887,465 G. FY 2013/14 APPROPRIATIONS OVER/(UNDER) LIMIT _L(177.176,305)