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HomeMy WebLinkAbout1985-11-19; City Council; Resolution 82651 2 3 4 5 6 7 t? 9 10 11 12 13 14 15 16 17 3.8 19 20 21 22 23 24 25 26 27 28 RESOLUTION NO. 8265 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF CARSBAD, AS REQUIRED BY ARTICILE XIIIB OF THE CALIFORNIA STATE CALIFORNIA, ESTABLISHING THE 1985-86 APPROPRIATION LIMIT CONSTITUTION AND STATE LAW. WHEREAS, Article XIIIB of the California State Constitution requires that governments annually establish a limit on the appropriation of proceeds of taxes; and WHEREAS, state law requires that this limit be formally adopted by the governing body of each entity prior to 3une 30th of each fiscal year; and WHEREAS, state law also requires that this limit be published in a newspaper of general circulation to allow public response to the limit as adopted. NOW, THEREFORE, BE IT RESOLVED as follows: 1. That the City Council of the City of Carlsbad, California, does hereby establish and adopt the 1985-86 appropriation limit of twenty four million four hundred fifty one thousand two hundred fifty seven dollars ($24,451,257) as computed in Exhibit A attached hereto. 2. That the City Clerk is directed to publish this resolution in a newspaper of general circulation. PASSED, APPROVED AND ADOPTED at a regular meeting of the City Council of the City of Carlsbad held on the 19th day of November , 1985, by the following vote, to wit: AYES: Council Members Lewis, Kulchin, Chick and Pettine NOES: None ABSENT: Council Member Casler CLAUDE A. LEWIS, Mayor Pro-Tem ATTEST: - , ’- EXHIBIT A (Page 1 of 2) TABLE I COMPUTATION OF 1985-86 APPROPRIATION LIMIT 1984-85 Appropriation Limit (See Resolution No. 7689, 8/7/84) Inflation Factor: Change in U.S. Consumer Price Index = 3.74% Population Change = 9.59% Factor = U.S. Consumer Price Index Change X Population Change Factor = 1.0374 X 1.0959 Factor = 1.1369 1985-86 Limit = Factor X 1984-85 Limit - - 1985-86 Limit = 1.1369 X $21,506,955 Limit - $21,506,955 $24,451,257 EXHIBIT A (Page 2 of 2) TABLE I1 OPERATING FUNDS I CITY OF CARLSBAD APPROPRIATION OF PROCEEDS OF TAXES 19 85-86 General Gas Tax Street Lighting Library & Sewer Bond Funds Other special revenue funds and Sanitation Water Liability Self Insurance Worker's Comp. Ins. Vehicle Maint . & Replacement Fund Redevelopment grant funds TOTAL OPERATING FUNDS CAPITAL FUNDS N ON TOTAL P ROC €ED S PROCEEDS APPROPRIATION OF TAXES OF TAXES $ 19,850,500 $ 16,648,000 $ 3,202,500 497,681 --- 497,681 146,719 146,719 --- --- --- --- 1,227,220 1,416,846 1,008,081 398,872 371,383 988,502 262,078 S 26.167.882 S. 16.794.719 General Capital Const. Gas Tax Public Facilities Fees Park In Lieu Revenue Sharing Sewer Construction Capital Grants Developer Contributions Redevelopment TOTAL CAPITAL FUNDS $ 899,000 207,000 5,378,000 1,626,280 1,270,000 1,015,000 3,402,500 35,000 1,750,000 15.582.780 ) --- $ 207,000 S 207.000 TOTAL ALL FUNDS 1985-86 Appropriation Limit 1985-86 Appropriation from Proceeds of Taxes AVAILABLE MARGIN 1,227,220 1,416,846 1,008,081 398,872 371,383 988,502 262,078 3 9,373,163 $ 899,000 5,378,000 1,626,280 1,270,000 1,015,000 3,402,500 35,000 1,750,000 $m5,780 --- $ 41,750,662 $ 17,001,719 $24,748,943 $ 24,451,257 17,001,719 s 7,449,538