HomeMy WebLinkAboutCC AG PKT 2008-12-08 #IAGENDA STAFF REPORT
DATE: December 8, 2008
TO: Honorable Mayor and City Council
THRU: David Carmany, City Manager
FROM: Robbeyn Bird, CPA
Director of Administrative Services/Treasurer
SUBJECT: ESTABLISH APPROPRIATIONS LIMIT FOR FISCAL
YEAR 2008/2009 (GANN)
SUMMARY OF REQUEST:
Staff requests that the City Council adopt Resolution No. 5816 establishing the
2008/09 Appropriations Limit (GANN) required under Article XIIIB of the State
Constitution.
BACKGROUND:
In November of 1979, the voters of California passed Proposition 4 or the "GANN
Initiative". The proposition restricts the total amount of appropriations allowed in any
given fiscal year from the "proceeds of taxes". In June 1990, the voters modified
Proposition 4 with the passage of Proposition 111 and its implementing legislation.
Beginning with the 1990-91 Appropriations Limit, a City may choose annual
adjustment factors. The adjustment factors include the growth in the California Per
Capita Income or the growth in the non-residential assessed valuation due to
construction within the City, and the population growth within the County or the City.
The City of Seal Beach's GANN Limit is currently calculated to be $22,240,818 which
is under the limit by $4,700,818. The proceeds of taxes subject to the appropriations
limit is $17,540,000 .
FISCAL IMPACT:
None.
RECOMMENDATION:
Staff recommends that City Council adopt Resolution No. 5816 establishing the
2008/09 Appropriations Limit.
SUBMITTED BY:
.~..
Robbeyn ird, CPA
Director of Administrative Services/Treasurer
NOTED AND APPROVED:
~-'
David Carman ,City Manager
Attachments:
A. Resolution No. 5816
B. GANN Limit Calculation
Agenda Item ~
RESOLUTION NUMBER 5816
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SEAL
BEACH, CALIFORNIA ,SETTING THE APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2008-09
WHEREAS, In November of 1979 the voters of California passed Proposition 4;
and
WHEREAS, In 1980, the State Legislature added a section of the Government
Code that required the governing body of each local jurisdiction to establish, by
resolution, an appropriations limit.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF SEAL BEACH
DOES HEREBY RESOLVE:
That for Fiscal Year ending June 30, 2009 the City of Seal Beach establishes an
appropriations limit of $22,240,818, thereby demonstrating compliance with
Article XIIIB of the State Constitution.
PASSED, APPROVED AND ADOPTED by the City Council of Seal Beach, at a
meeting hereof held on the 8th day of December , 2008 by the following vote:
AYES: COUNCILMEMBERS
NOES: COUNCILMEMBERS
ABSENT: COUNCILMEMBERS
ABSTAIN: COUNCILMEMBERS
ATTEST:
City Clerk
Mayor
STATE OF CALIFORNIA }
COUNTY OF ORANGE } SS
CITY OF SEAL BEACH }
I, Linda Devine, City Clerk of Seal Beach, California, do hereby certify that the
foregoing resolution is the original copy of Resolution Number 5816 on file in
the office of the City Clerk, passed, approved, and adopted by the City Council of
the City of Seal Beach, at a regular meeting thereof held on the 8th day
of December , 2008.
City Clerk
City of Seal Beach
Schedule B
Calculation of Appropriations Subject to Proposition XIIIB Limit
For Fiscal Year Ending June 30, 2009
Limit for FY 07/08 $ 21,110,607
2008/2009 per capita personal income
Product
2008/2009 population change (County)
Appropriations Limit FY 08/09
Appropriations Limit FY 08/09
Total FY 08/09 General Fund revenues subject to
Appropriations Limit
Appropriations under the limit
1.0429
22,016,252
1.0102
22,240,818
22,240,818
17,540,000
4,700,818
R:\-2008 Agendas\12-08-08 Council MeetingWS -Staff Report - I - 2008-09 GANN Limit (Calculation)