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HomeMy WebLinkAbout1994-06-28 - RESOLUTIONS - FY 94 95 APPROPRIATIONS LIMIT (2)RESOLUTION NO. 94 - 59 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 1994-95 The City Council of the City of Santa Clarita hereby resolves as follows: 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 is .71 % 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 Mimics 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 3.94% for the City of Santa Clarita for the prior calendar year. -- D. That, pursuant to California Constitution Article XIIIB, Section 1 and Government Code sections 7900 et 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, 1995, 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, 1995 is $97,650,250. SECTION 3. That the City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 28 thday of .lune , 1994 mayor 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 28th day of June , 1994, by the following vote of the Council: AYES: COUNCILMEMBERS Smyth, Boyer, Heidt, Pederson NOES: COUNCILMEMBERS Darcy ABSENT: COUNCILMEMBERS none Donna Grindey, City erk The Appropriations Limit, established by the State of California per Article XIIIB of the California State Constitution, sets a limit for the annual appropriations of tax proceeds for all municipalities. Article XIIIB 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 1994-95 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 Change in Personal Income increase of 3.47% Change in Population increase of 12.82% APPROPRIATIONS LIMIT 1987-88 B. Computation of 1988-89 limit Add 1987-88 limit Change in Personal Income increase of 4.66% Change in Population increase of 12.29% APPROPRIATIONS LIMIT 1988-89 C. Computation of 1989-90 limit Add 1988-89 limit Change in Personal Income increase of 5.19% Change in Population increase of 5.85% APPROPRIATIONS LIMIT 1989-90 $47,350,022 1.643,046 48,993,068 6.280.911 $55,273,979 2,575,767 57,849,746 7,109.734 $64,959,480 3,371,397 68,330,877 3.997,356 $55,273,979 $64,959,480 $72.328.233 D. Computation of 1990-91 limit Add 1989-90 limit Change in Personal Income increase of 4.21% Change in Population increase of 4.75% APPROPRIATIONS LIMIT 1990-91 $72,328,233 3,045,019 75,373,252 3,580,229 $78,953,481 E. Computation of 1991-92 limit Add 1990-91 limit $78,953,481 Change in Personal Income increase of 4.14% 3,268,674 82,222,155 Change in Population increase of 7.01% 5,763,773 APPROPRIATIONS LIMIT 1991-92 $87,985,928 F. Computation of 1992-93 limit Add 1991-92 limit $87,985,928 Change in Personal Income increase of -.64% (563,110) 87,422,818 Change in Population increase of 2.67% 2.334.189 APPROPRIATIONS LIMIT 1992-93 $89.757.007 G. Computation of 1993-94 limit Add 1992-93 limit $89,757,007 Change in Personal Income increase of 2.72% 2,441,391 92,198,398 Change in Population increase 1.18% 1,087,941 APPROPRIATIONS LIMIT 1993-94 $93.286.339 H. Computation of 1994-95 limit Add 1993-94 limit $93,286,339 Change in Personal Income increase .71% 662,333 93,948,672 Change in Population increase 3.94% 3.701,578 APPROPRIATIONS LIMIT 1994-95 $97.650,250