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HomeMy WebLinkAbout1996-06-25 - RESOLUTIONS - APPROPRIATIONS LIMIT FY 96-97 (2)RESOLUTION NO. 96 - 70 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SANTA CLARITA, CALIFORNIA, APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 1996-97 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 4.67% 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 1.54% for the City of Santa Clarita for the prior calendar year. D. That, pursuant to California Constitution Article XI11B, 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, 1997, 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, 1997 is $108,118,037. SECTION 3. That the City Clerk shall certify to the adoption of this Resolution. PASSED, APPROVED AND ADOPTED this 25 day of June , 1996 f , Mayor /?V AT ST: City Clerk STATE OF CALIFORNIA ) COUNTY OF LOS ANGELES ) CITY OF SANTA CLARITA ) 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 25 day of June 1996, by the following vote of the Council: AYES: COUNCILMEMBERS Smyth, Darcy, Heidt, Klajic, Boyer NOES: COUNCILMEMBERS None ABSENT: COUNCILMEMBERS No � J!j Donna Grindey, Ci Jerk �. City of Santa Clarita Annual Appropriations Limit The Appropriations Limit, established by the State of California per Article MIIB of the California State Constitution, sets a limit for the annual appropriations of tax proceeds for all municipalities. Article MIIB 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 1996-97 limit by using the guidelines set forth in Proposition 111, the calculation would be as follows: Fiscal Prior Year's Add Change in Add Change in Appropriations Year Limit Personal Income New Base Population Limit 1111 1986-87 47,350,022 1987-88 47,350,022 3.47% 1,643,046 48,993,068 12.82% 6,280,911 55,273,979 1988-89 55,273,979 4.66% 2,575,767 57,849,746 12.29% 7,109,734 64,959,480 1989-90 64,959,480 5.19% 3,371,397 68,330,877 5.85% 3,997,356 72,328,233 1990-91 72,328,233 4.21% 3,045,019 75,373,252 4.75% 3580,229 78,953,481 1991-92 78,953,481 4.14% 3,268,674 82,222,155 7.01% 5,763,773 87,985,928 87,985,928 .64% 563,110 87,422,818 2.67% 2,334,189 89,757,007 89,757,007 2.72% 2,441,391 92,198,398 1.18% 1,087,941 93,286,339 C1996-97 93,286,339 0.71% 662,333 93,948,672 3.94% 3,701,578 97,650,250 97,650,250 4.72% 4,609,092 102,259,342 (.52%) (531,749) 101,727,593 01,727,593 4.67% 4,750,679 106,478f2721 1.54% 1,639,765 108,118,037