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HomeMy WebLinkAbout93-053 CC Resolution RESOLUTION NO. 93-53 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF TEMECULA ESTABLISHING THE APPROPRIATIONS LIMIT FOR FY 1993-94 WHEREAS, the voters approved the Gann Spending-Limitation Initiative (Proposition 4) on November 6, 1979, adding Article XIII B to the Constitution of the State of California to establish and define annual appropriation limits on state and local governmental entities; WHEREAS, SB 1352 provides for the implementation of Article XIII B by defining various terms used in this article and prescribing procedures to be used in implementing specific provisions of the article, including the establishment by resolution each year by the governing body of each local jurisdiction of its appropriations limits; WHEREAS, the required computations to determine the Appropriations Limit for FY1993-94 have been performed by the Department of Finance and are on file with the Office of the City Clerk, and available for public review; WHEREAS, these computations are provided on the page of Schedule 1 which is herein incorporated by reference and attached hereto. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TEMECULA DOES RESOLVE AS FOLLOWS: SECTION 1. The Appropriations Limit for the City of Temecula for FY1993-94. SECTION 2. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the Office of the City Clerk. PASSED AND ADOPTED this 13th day of July, 1993. J.Muiioz, Ma@r ATTEST: JuA".@reek, City Clerk [SEAL] Resos 93-53 STATE OF CALIFORNIA) COUNTY OF RIVERSIDE) SS CITY OF TEMECULA ) I HEREBY CERTIFY that the foregoing Resolution was duly adopted by the City Council of the City of Temecula at a regular meeting thereof, held on the 13th day of July, 1993, by the following vote of the Council: AYES: 4 COUNCILMEMBERS: Birdsall, Parks, Stone, Muiioz NOES: 0 COUNCILMEMBERS: None ABSTAIN: 1 COUNCILMEMBERS: Roberts ABSENT: 0 COUNCILMEMBERS: None Ju@. (treek, City Clerk Resos 93-53 2 Classification of Revenue Sources and Schedule 1 Calculation of Limit Margin FY 1993-94 Non-tax Tax Proceeds Proceeds Property tax $ 824,040 Sales and use tax 5,600,000 Property transfer tax 130,000 Transient occupancy tax 450,000 Business license fee 70,000 Franchise fees $680,000 Licenses & permits 1,820,000 Fines & forfeitures 54,000 Motor vehicle in lieu 1,061,026 Gas tax 567,358 Overhead reimbursement - TCSD 324,608 Overhead reimbursement - RDA 75,000 Overhead reimbursement - Capital Projects 266,301 Miscellaneous 20,000 Investment interest 88,000 187,000 Appropriations subject to limitation before Prop. 1 1 1 exclusions 3,895,267 8,322,066 Prop. 1 1 1 exclusions: Federal mandates (Medicare) (47,277) Qualified capital outlay (252,091) Appropriations subject to limitation 8,022,698 Gann limit 11,191,671 Margin $3,168,973