HomeMy WebLinkAbout99-062 CC ResolutionRESOLUTION NO. 99-62
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF TEMECULA ESTABLISHING THE
APPROPRIATIONS LIMIT FOR FY 1999-00
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
1999-00 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 1999-00 is heraby
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 22"d day of June, 1999:even~ayor
ATTEST:
R:resos 99-62 I
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss
CITY OF TEMECULA )
I, Susan W. Jones, City Clerk of the City of Temecula, do hereby certify that the
foregoing Resolution No. 99-62 was duly and regularly adopted by the City Council of the City of
Temecula at a regular meeting thereof held on the 22 day of June, 1999, by the following vote
of the City Council:
AYES: 5 COUNCILMEMBERS: Comerchem, Lindemans, Roberts, Stone,
Ford
NOES:
0 COUNCILMEMBERS: None
ABSENT: 0 COUNCILMEMBERS: None
R:msos 99-62 2
EXHIBIT "A"
CITY OF TEMECULA
COMPUTATION OF GANN APPROPRIATIONS LIMIT
FY 1992-93 Appropriations 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 (1.081 5 x 1.2170) ...........................................................31.61 %
FY 1994-95 Appropriations Limit ................................................................$14,796,098
FY 1995-96 City Population Change* .................................................................10.49%
FY 1995-96 Per Capita Personal Income Change* ..................................................4.72%
Cumulative Compound (1.1049 x 1.0472) ...........................................................15.71%
FY 1995-96 Appropriations Limit ................................................................$17, 119, 161
FY 1996-97 City Population Change* ...................................................................6.54%
FY 1996-97 Increase in Non-Residential Assessed Valuation * * .............................. 17.07%
Cumulative Compound (1.0654 x 1.1707) ...........................................................24.73%
FY 1996-97 Appropriations Limit ................................................................$21,352, 109
FY 1997-98 City Population Change* ................................. 3.01%
FY 1997-98 Per Capita Personal Income Change* ......................... 4.67%
Cumulative Compound (1.0301 x 1.0467) .............................. 7.82%
F Y 1997-98 Appropriation Limit ................................ $23,021,965
FY 1998-99 City Population Change* ................................. 6.41%
FY 1998-99 Per Capita Personal Income Change* ......................... 4.15%
Cumulative Compound (1.0641 x 1.0415) .............................. 10.83%
FY 1998-99 Appropriation Limit ................................. $25,514,326
FY 1999-00 City Population Change* .................................. 4.88%
FY 1999-00 Increase in Non-Residential Assessed Valuation* * ................... 7.92%
Cumulative Compound (1.0488 x 1.0792) .............................. 13.19%
FY 1999-00 Appropriation Limit ................................. $28,878,773
*Source: State of California Department of Finance
**Source: HdL Coren & Cone