HomeMy WebLinkAbout1992-06-23 - RESOLUTIONS - FY 92 93 APPROPRIATIONS LIMIT (2)follows:
RESOLUTION NO. 92 - 136
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA
CLARITA, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL
APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 1992-93
The City Council of the City of Santa Clarita hereby resolves as
SECTION 1: The City Council of the City of Santa Clarita hereby
finds and determines:
A. That the Department of Finance has notified the City of the
change in the California per capita personal income and such change to
-.64X, for the prior calendar year.
B. That the City also has the option to use the change in the
local assessment roll due to local nonresidential construction in lieu of
the California per capita personal income change; however, the State nor the
County of Los Angeles has this information at this time.
C. That the Department of Finance has notified the City of the
change in population of the City and the entire Los Angeles County in which
the City has the option to use the greater percentage change, which change
is an increase of 2.67% for the City of Santa Clarita for the prior calendar
year.
D. That, pursuant to California Constitution Article RIIIB,
Section 1 and Government Code sections 7900 at sea., and pursuant to the
guidelines set forth by Proposition 111, the City appropriations limit must
be adjusted for changes from the base year of 1986-87 to the fiscal year
ending June 30, 1993, by the changes in the California per capita personal
income and in population.
E. That the appropriations limit documentation applicable to
this Resolution has been available for public inspection for fifteen days
prior to approval by the City Council, pursuant to Government Code section
7910.
SECTION 2. That the appropriations limit for the City of Santa
Clarita for fiscal year ending June 30, 1993 is $89,757,008.
SECTION 3. That the City Clerk shall certify to the adoption of
this Resolution.
PASSED, APPROVED AND ADOPTED this 23rd day of June , 1992
onna Grindey, City O"rk
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C�� -V �L- It
Jill ajic, Mayo
I HEREBY CERTIFY that the foregoing Resolution was duly adopted by
the City Council of the City of Santa Clarita, at a regular meeting thereof,
held on the 23rd day of June
the Council: r 1992, by the following vote of
AYES: COUNCILMBMBERS
NOES: COUNCILMEMBERS
ABSENT: COUNCILM HERS
Boyer, Darcy, Beidt, Pederson, Klajic
None
None ^
9
' J naa Grindey, 'ity Cler
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The Appropriations Limit, established by the State of California per Article
RIIIB of the California State Constitution, sets a limit for the annual
appropriations of tax proceeds for all municipalities.
Article RIIIB was recently amended by Proposition 111 to change the method
of calculating the annual appropriations limit. Prior to Proposition 111,
the annual appropriations limit was adjusted annually by the change in the
cost of living or by the change in California per capita personal income,
whichever was less, and by the percentage change in the population of the
City.
Under the new guidelines set forth by Proposition 111, the annual
appropriations limit will not exceed a base year adjusted by the change in
population of the City or the County combined with either the change in
California per capita personal income or the change in the local assessment
roll due to local nonresidential construction. Proposition 111 also changed
the base year for all municipalities to 1986-87.
Starting with a base year limit of $47,350,022 for 1986-87 and increasing it
to the 1992-93 limit by using the guidelines set forth in Proposition 111,
the calculation would be as follows:
A. Computation of 1987-88 limit
Add 1986-87 limit $47,350,022
Change in Personal Income
+-� increase of 3.47% 1.643.046
$48,993,068
Change in Population
increase of 12.82% 6.280.911
APPROPRIATIONS LIMIT 1987-88 $55.273.979
B. Computation of 1988-89 limit
Add 1987-88 limit $550273,979
Change in Personal Income
increase of 4.66% 2.575..767
$57,849.,746
Change in Population
increase of 12.29% 7.109.734
APPROPRIATIONS LIMIT 1988-89 164.959.480
C. Computation of 1989-90 limit
Add 1988-89 limit $64,959,480
Change in Personal Income
increase of 5.192 3.371.397
$68,330,877
Change in Population
increase of 5.85% 3.997.356
APPROPRIATIONS LIMIT 1989-90 *72.328.234
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D. Computation of 1990-91 limit
Add 1989-90 limit
$72,328,234
Change in Personal Income
increase of 4.21%
3.045.019
$75,373,252
Change in Population
increase of 4.75%
3.580.229
APPROPRIATIONS LIMIT 1990-91
$78.953.482
B. Computation of 1991-92 limit
Add 1990-91 limit
$78,953,482
Change in Personal Income
increase of 4.14%
3.268.674
$82,222,156
Change in Population
increase of 7.01%
5.763.773
APPROPRIATIONS LIMIT 1991-92
$87.985.929
P. Computation of 1992-93 limit
Add 1991-92 limit
$87,985,929
Change in Personal Income
increase of -.64%
(563.110)
$87,422,819
Change in Population
increase of 2.67%
2.334.189
APPROPRIATIONS LIMIT 1992-93
$89.757.008
gh/778
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