HomeMy WebLinkAbout14-040 CC ResolutionRESOLUTION NO. 14-40
' A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA ESTABLISHING THE APPROPRIATIONS
LIMIT FOR FISCAL YEAR 2014-15
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THE CITY COUNCIL OF THE CITY OF TEMECULA DOES HEREBY RESOLVE
AS FOLLOWS:
Section 1. The Appropriations Limit will be calculated based on the changes in
City population and California per capita personal income.
Section 2. The Appropriations Limit for the City of Temecula for FY 2014-15,
attached hereto, is hereby adopted.
Section 3. 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 this 10th day of June, 2014.
ATTEST:
ti�
Gwyn R. Flo s, CIVIC
Acting City Clerk
[SEAL]
Resos 14-40
Maryann Edwards, Mayor
STATE OF CALIFORNIA )
' COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Gwyn R. Flores, CMC, Acting City Clerk of the City of Temecula, do hereby
certify that the foregoing Resolution No. 14-40 was duly and regularly adopted by the City
Council of the City of Temecula at a meeting thereof held on the 10th day of June, 2014,
by the following vote:
11
AYES: 5 COUNCIL MEMBERS
NOES
ABSENT
ABSTAIN
0 COUNCIL MEMBERS
0 COUNCIL MEMBERS
0 COUNCIL MEMBERS
Resos 14-40 2
Comerchero, Naggar, Roberts,
Washington, Edwards
None
None
None
yn R. Flores, CMC
Acting City Clerk
Annual Operating Budget
Fiscal Year 2014-15
GANN APPROPRIATIONS LIMIT
Article XIIIB of the California State Constitution, more commonly referred to as the Gann Initiative or
Gann Limit, was approved by California voters in November 1979, and placed limits on the amount of
proceeds of taxes that state and local government agencies can receive and spend each year. For cities
that incorporated after 1978-79 (such as the City of Temecula), the voters set the initial appropriations
limit at the time of incorporation. Proposition 111 was approved by California voters in June 1990,
which provided new adjustment formulas which make the appropriations limit more responsive to local
growth issues. Each year the City Council must adopt by resolution the appropriations limit for the
following year. Following is the calculation of the City's Gann Appropriations Limit for Fiscal Year 2014-
15:
Fiscal Year 2013-14 Appropriations Limits $215,974,875
City Population Growth 1.32%
Per Capita Personal Income Change -.23%
Fiscal Year 2014-15 Appropriations Limit $218,329,001
Appropriations subject to the limit in the Fiscal Year 2014-15 budget total $47,375,665 which is
$170,953,336 less than the computed limit. Additional appropriations to the budget funded by non -tax
sources such as service charges, restricted revenues from other agencies, grants or beginning fund
balances would be unaffected by the appropriations limit. However, any supplemental appropriations
funded through increased tax sources would be subject to the appropriations limit and could not
exceed the $170,953,336 variance indicated. Further, any overall actual receipts from tax sources
greater than $170,953,336 from budget estimates will result in proceeds from taxes in excess of the
City's appropriations limit, requiring refunds of the excess within the next two fiscal years or voter
approval of an increase in the City's appropriations limit. Voter approval for an increase in the City's
appropriations limit is not anticipated in the future due to the margin between the limit and tax
revenue.
$250,000,000
$225,000,000
$200,000,000
$175,000,000
$150,000,000
$125,000,000
$100,000,000
$75,000,000
$50,000,000
$25,000,000
$0
1
2009-10 2010-11 2011-12 2012-13 2013-14 2014-15
■ Appropriations Subject to Limit ■Legal limit