HomeMy WebLinkAbout94-064 CC ResolutionRESOLUTION NO. 94-64
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF TEMECULA ESTABLISHING THE APPROPRIATIONS
LIMIT FOR FY 1994-9~
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
FY1994-95 have been performed by the Department of Finance and are on file with the Office
of the City Clerk, and available for public review;
WBEREAS, these computations are provided on the page of Exhibit ~A ~ which is herein
incorporated by reference and attached hereto.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF TI~IECULA DOES
RESOLVE AS FOLLOWS:
SECTION 1. The Appropriations Limit for the City of Temecula for FY1994-95 is
hereby established at $14,796,098.00.
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.
R~ 94-64 I
PASSED AND ADOPTED this 28th day of June, 1994
~"-~on Roberts, Mayor
ATTEST:
[SEAL]
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 28th day of June, 1994, by the
following vote of the Council:
AYES: 5
COUNCILMEMBERS:
Birdsall, Mufioz, Parks, Stone
Roberts
NOES:
0 COUNCILMEMBERS: None
ABSENT: 0 COUNCILMEMBERS: None
Greek,
Re~ 94-64 2
EXHIBIT "A"
CITY OF TEMECULA
COMPUTATION OF GANN APPROPRIATIONS LIMIT
FY 1992-93Appropriations Limit .............................. $10,109,911
FY 1993-94 Population Change* ................................... 8.25%
FY 1993-94 Per Capita Personal Income Change* ....................... 2.72%
Cumulative Compound (1.0825 x 1.0272) ........................... 11.19%
FY 1993-94 Appropriations Limit .............................. $11,241,655
FY 1994-95 Population Change* .................................... 8.15%
FY 1994-95 Increase in Non-Residential Assessed Valuation* * ............... 21.7%
Cumulative Compound (1.0815 x 1.2170) ............................ 31.61%
FY 1994-95 Appropriations Limit ............................... $14,796,098
*Source:
* *Source:
State of California Department of Finance
HdL Coren & Cone