HomeMy WebLinkAbout05-061 CC Resolution
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RESOLUTION NO. 05-61
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
TEMECULA ESTABLISHING THE APPROPRIATIONS LIMIT
FOR FY 2005-06
WHEREAS, the voters approved the Gann Spending-Limitation Initiative (Proposition 4)
on November 6, 1979, adding Article XIII 8 to the Constitution of the State of California to
establish and define annual appropriation limits on state and local governmental entities;
WHEREAS, S8 1352 provides for the implementation of Article XIII 8 by defining various
tenms 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
2005-06 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;
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 2005-06 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 this 14th da
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A TTI;ST: .
Jeff Comerchero, Mayor
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STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, CMC, City Clerk of the City of Temecula, do hereby certify that the
foregoing Resolution No. 05-61 was duly and regularly adopted by the City Council of the City of
Temecula at a meeting thereof held on the 14th day of June, 2005, by the following vote:
AYES:
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COUNCILMEMBERS: Edwards, Nagar, Roberts, Washington,
Comerchero
NOES:
ABSENT:
ABSTAIN:
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COUNCILMEMBERS: None
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COUNCILMEMBERS: None
COUNCILMEMBERS: None
R:/Resos 2005/Resos 05-61
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nes, CMC
City Clerk
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EXHIBIT "A"
CITY OF TEMECULA
COMPUTATION OF GANN APPROPRIATIONS LIMIT
FY 2004-05 Appropriation Limit
FY 2005-06 City Population ChangeO
FY 2005-06 Increase in Non-Residential Assessed ValuationOO
Cumulative Compound (1.0324 x 1.0449)
FY 2005-06 Appropriation Limit
o Source: State of California Department of Finance
00 Source: HdL Coren & Cone
$62,903,756
3.24%
4.49%
7.9%
$67,857,726