HomeMy WebLinkAbout04-067 CC Resolution
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RESOLUTION NO. 04-67
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA ESTABLISHING THE APPROPRIATIONS LIMIT
FOR FY 2004-05
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 FY
2004-05 have been performed by the Finance Department and are on file with the office of the
City Clerk, and available for public review;
WHEREAS, these computations are provided on Exhibit "A" which is herein incorporated
by reference and attached hereto;
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NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Temecula as
follows:
Section 1. The Appropriations Limit for the City of Temecula for FY 2004-05 is hereby
adopted.
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, APPROVED AND ADOPTED, by the City Council of the City of Temecula at
a regular meeting held on the 8th day of June, 2004.
ATTE.ST: .
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R:/Resos 2004/Reso 04.67
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STATE OF CALIFORNIA
COUNTY OF RIVERSIDE
CITY OF TEMECULA
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I, Susan W. Jones, CMC, City Clerk of the City of Temecula, California, do hereby certify
that the foregoing Resolution No. 04-67 was duly and regularly adopted by the City Council of
the City of Temecula at a regular meeting thereof held on the 8th day of June, 2004, by the
following vote:
AYES: 4
NOES: 0
ABSENT:
ABSTAIN: 0
R:/Resos 20O4/Reso 04-67
COUNCILMEMBERS: Comerchero, Roberts, Stone, Naggar
COUNCILMEMBERS: None
COUNCILMEMBERS: Washington
COUNCILMEMBERS: None
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EXHIBIT "A"
CITY OF TEMECULA
COMPUTATION OF GANN APPROPRIATIONS LIMIT
FY 2003-04 Appropriation Limit................................................................. $57,175,848
FY 2004-05 City Population Change* ...................................................................2.39%
FY 2004-05 Increase in Non-Residential Assessed Valuation** ...............................7.45%
Cumulative Compound (1.0239 x 1.0745) .......................................................... 1 0.02%
FY 2004-05 Appropriation Limit................................................................. $62,903,756
* Source:
State of California Department of Finance
* * Source:
HdL Coren & Cone