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HomeMy WebLinkAbout1987-11-17; City Council; 9222; 1987-88 Appropriation LimitCl UJ > 0 0:: a.. a.. c:r. z 0 t5 < ..J 0 z ::, 0 (.) err ·\OF CARL$BAD -AGEND' ~iBILL TITLE: MTG. 11/17/87 1987-88 APPROPRIATION LIMIT RECOMMENDED ACTION: Adopt Resolution No. 9« 9 t,, adopting the 1987-88 appropriation limit. ITEM EXPLANATION: Article XIIIB of the California Constitution requires that all governmental entities operate under certain limits on appropriations of proceeds of taxes. This 11 spending limit" is based on the appropriations as adopted by the governing body during 1978-79 and is increased annually by a factor based on inflation and population. For the City of Carlsbad, the 1978-79 base is about $:.0.2 million. That is,, the CitY, appropriated $10.2 million from proceeds of taxes during 1978-79. The City is required by law to annually set and publish the appropriation limit for each fiscal year. For 1987-88 this limit should be set following the adoption of the budget and CIP. The exhibits to this agenda bill show the process used in computing the 1987-88 liinit of $31.9 million compared to appropriations from proceeds of taxes of about $23.l miilion. Based on these numbers, the City will have a $8.8 million margin d~ring 1987-88. FISCAL IMPACT: The establishment of the appropriation limit has no fiscal impact in itself. It should be noted, however, that should the City ever receive more in proceeds of taxes than can legally be appropriated, the excess must be returned to the state or to the citizens by returning sales tax, property tax or other tax, revenues. EXHIBITS: Table I -Computation Qf the 1987-88 Limit Table II -Appropriation of Proceeds of Taxes in 1987-88 Resolution No. 72, qt, adopting the 1987-88 appropriation limit I '' 'i '/ I}: 1 ·1 ,. i '1 i l 2 3 4 RESOLUTION NO. 9296 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARLSBAD, CALIFORNIA, ESTABLISHING THE 1987-88 APPROPRIATION LIMIT AS REQUIRED BY ARTICLE XIIIB OF THE CALIFORNIA STATE CONSTITUTION AND STATE LAW. 5 WHEREAS, Article XIIIB of the California State Constitution requires that 6 governments annually estaolish a limit on the appropriation of proceeds of 7 taxes, and 8 WHEREAS, state law requires that this limit be formally adopted by the 9 governing body of each entiry prior to June 30 of each fiscal year, and 10 WHEREAS, state law also requires that this limit be published in a 11 newspaper of general circulation to allow public response to the limit as adopted 12 NOW, THEREFORE, BE IT RESOLVED as follows.: 13 1. That the City Council of the City of Carlsbad, California, does hereby 14 establish and adopt the 1987~88 appropriation limit of thirty one million 15 nine hundred thirty-six six hundred sixty dollars ($31,936,660) as computed in 16 Exhibit A attached hereto. 17 2. That the City Clerk is directed to publish this resolution in a 18 newspaper of general circulation. 19 PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the 20 City of Carlsbad, California held on the 17thday of_._N_o_v_e_m_b_e_r _____ , 1987, 21 by the following vote, to wit: 22 23 24 25 26 27 28 AYES: Council Members Lewis, Kulchin, Pettine, Mamaux and Larson NOES: None ABSENT: None ATTEST: ALETHA L. RAUTENKRANZ, City c1ertt;- (SEAL) TABLE I COMPUTATION OF 1987-88 APPROPRIATION,LIMIT 1985-86 Apvropriation Limit (See Resolution No. 8654 7/8/86 Inflation Factor: Change in U.S. Consumer Price Index= 3.04% Population Change = 13.15% EXHIBI'l' A (Page l of 2) Limit $27,389,931 Factor= U.S. Consumer Price Index Change X Population Change Factor= l.0304 X 1.1315 Factor = 1. 166 1987-88 Limit= Factor X 1986-87 Limit 1987-88 Limit= 1.166 X 27,389,931 $31,936,660 EXHIBT A (Page 2 of 2) '!'ABLE II CITY OF CARLSBAD APPROPRIATION OF PROCEEDS OF TAXES FUND - General Fund Other Operating Funds Capital Funds TOTAL ALL FUNDS 19?7-88 Appropriation Limit 1986-87 Appropriation from Proceeds of Taxes AVAILABLE MARGIN 1986-87 TO'l'AL APPROPRIATION $24,710,551 11,232,910 13 ,.185, 600 49,129,061 31,936,660 23,149,900 8,786,760 PROCEEDS OF TAXES $21,559,350 1,590,550 23,149,900 $ NON PROCEEDS OF TAXES 3,151,201 9,642,360 13,185,600 25,979,161 ~ I : ,._, 30 20 10 0 ~) ... ._! GANN LIMIT LEGAL SPENDING LIMIT vs. APPROPRIATIONS SPENDING LIMIT MILLION DOLLARS l-------~ SPEND •••••••• • • • • • • • •••••••• APPROPRIATION OF PROCEEDS OF TAXES .. -.... /) ~ VJ ~ $8 . ~ mi I-;. •• --------•• • , .. I • •• NG MARG N •••• •• • I It ••• l .•· •• • 80-81 81-82 82-83 83-84 84-85 85-86 86-87 87-88 Fl'SCAL YEAR ESTABLISHED UNDER ARTICLE XI 118 OF THE STATE CONSflTUTION ) )