HomeMy WebLinkAboutResolution No. 14-C44RESOLUTION NO. 14-C44
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF AZUSA
ESTABLISHING AN AMENDED APPROPRIATIONS LIMIT FOR THE FISCAL
YEAR 2014-15 PURSUANT TO ARTICLE XIIIB OF THE CALIFORNIA
CONSTITUTION
WHEREAS, in June of 1990, the voters of the State of California enacted Proposition 11 I, "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 X111B 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 2014-15 shall be adopted in the amount of $217,571,579 for
said Fiscal Year.
PASSED, APPROVED and ADOPTED this 2151 day of July, 2014.
1"
oseA Aomero Rocha
Mayor
ATTEST:
eff e r ce Cornejo,
City Clerk
STATE OF CALIFORNIA )
COUNTY OF LOS ANGELES ) ss.
CITY OF AZUSA )
I HEREBY CERTIFY that the foregoing Resolution No. 14-C44 was duly adopted by the
City Council of the City of Azusa at a regular meeting thereof, held on the 2151 day of July, 2014, by
the following vote of Council:
AYES: COUNCILMEMBERS: GONZALES, CARRILLO, MACIAS, ALVAREZ, ROCHA
NOES: COUNCILMEMBERS: NONE
,ABSENT: COUNCILMEMBERS: NONE
effi nee Cornejo,
City Clerk
EXHIBIT A
ANNUAL APPROPRIATIONS LIMIT CALCULATION
FOR FISCAL YEAR 2014/15
Inflation Factor (selected higher of the following):
Growth in the
-0.23%
State
0.9977 Factor
California per
Department of
capita personal
Finance
income
Growth in the
3.99%
Hdl Coren &
1.0399 Factor
Selected for
non-residential
Cone
Calculation
assessed
valuation due to
new
construction
within the Cit
Population Factor (selected higher of the following):
City
1.62%
State
1.0162 Factor
Selected for
Department of
Calculation
Finance
County
0.78%
State
1.0078 Factor
Department of
Finance
Annual Limits Calculation:
Appropriations Limit for Fiscal Year 2013/14
Adjustment factors for Fiscal Year 2014/15:
Inflation Factor (B) Population Factor (C)
1.0399 1.0162
Combined Factor (B times C)
1.05675
Adjustment for inflation and population (A times D)
Appropriations Limit for Fiscal Year 2014/15
$ 205,887,465 (A)
0.05675 (D)
11,684,114
$ 217,571,579
n
B.
C.
D.
E.
F.
G.
EXHIBIT B
APPROPRIATIONS SUBJECT TO THE ANNUAL LIMIT
FOR FISCAL YEAR 2014/15
PROCEEDS OF TAXES
Property Tax $ 8,255,840
Non -Property Tax 18,411,380
Licenses and Permits 2,962,000
Intergovernmental Revenues 0
TOTAL PROCEEDS OF TAXES 29,629,220
EXCLUSION 0
NET INVESTED PROCEEDS OF TAXES 29,629,220
INTEREST ALLOCATION 42,545
APPROPRIATIONS SUBJECT TO LIMIT 29,671,765
APPROPRIATIONS LIMIT FOR FY 2014/15 (EXHIBIT A) 217,571,579
FY 2014/15 APPROPRIATIONS OVER/(UNDER) LIMIT $ (187,899,814)