HomeMy WebLinkAboutAgenda Packet - July 1, 2013 - CC I
APPROVED
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CONSENT ITEM
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TO: THE HONORABLE MAYOR AND MEMBERS OF THE CITY COUNCIL
FROM: SUSAN PARAGAS, FINANCE DIRECTOR
VIA: JAMES W. MAKSHANOFF, CITY MANAGER
DATE: JULY 1, 2013
SUBJECT: APPROPRIATIONS LIMIT
RECOMMENDATION
It is recommended that City Council approve the attached resolution adopting the Appropriations
Limit of$205,887,465 for the 2013/14 fiscal year.
BACKGROUND
The Appropriations Limit is a state-mandated calculation which is required to be approved
annually by the City Council for the new fiscal year. The Appropriations Limit sets the annual
cap for spending tax proceeds. Based on calculations attached to the Resolution, the City is
under the cap for FY 2013/14 by $177,176,305.
FISCAL IMPACT
This resolution sets the FY 2013/14 Appropriations Limit at$205,887,465.
RESOLUTION 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 1st day of July, 2013.
4•?e/ *1‘.‘s
J EPH ROMERO ROCHA, 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 1st 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
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1 Ye 44.17d NCE CO' JOS JR. /
CITY CLERK
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% HdI Coren & 1.2632 Factor Selected for
non-residential Cone Calculation
assessed
valuation due to
new
construction
within the City
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: $ 159,746,334 (A)
Adjustment factors for Fiscal Year 2013/14:
Inflation Factor(B) Population Factor(C)
1.2632 1.0203
Combined Factor(B times C)
1.28884 0.28884 (D)
Adjustment for inflation and population (A times D): 46,141,131
Appropriations Limit for Fiscal Year 2013/14: $ 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 18,113,425
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 $ (177,176,305)