HomeMy WebLinkAbout15-030 CC Resolution RESOLUTION NO. 15-30
rA RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA ESTABLISHING THE APPROPRIATIONS
LIMIT FOR FISCAL YEAR 2015-16
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 2015-16,
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 9th day of June, 2015.
Jeff Comerchero, Mayor
ATTES
Randi Jo - son, City Clerk
[SEAL]
Resos 15-30 1
' STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Randi Johl-Olson, City Clerk of the City of Temecula, do hereby certify that the
foregoing Resolution No. 15-30 was duly and regularly adopted by the City Council of the
City of Temecula at a meeting thereof held on the 9th day of June, 2015, by the following
vote:
AYES: 4 COUNCIL MEMBERS: Edwards, McCracken, Rahn, Comerchero
NOES: 0 COUNCIL MEMBERS: None
ABSTAIN: 0 COUNCIL MEMBERS: None
ABSENT: 1 COUNCIL MEMBERS: Naggar
andi Johl-Olson, City Clerk
Resos 15-30 2
' CITY OF TEMECULA, CALIFORNIA
COMPUTATION OF GANN APPROPRIATIONS LIMIT
FY 2013-14 Appropriation Limit $215,974,875
FY 2014-15 City Population Change` 1.32%
FY 2014-15 Per Capita Personal Income Change' -0.23%
Cumulative Compound (1.32 + 100)/100 x (-.23+100)/100 1.0109
FY 2014-15 Appropriation Limit $218,329,001
FY 2015-16 City Population Change' 2.51%
FY 2015-16 Per Capita Personal Income Change' 3.82%
Cumulative Compound (2.51 + 100)/100 x (3.82+100)/100 1.0643
FY 2015-16 Appropriation Limit $232,367,556
Source: State of California Department of Finance