HomeMy WebLinkAbout1992-06-16; City Council; Resolution 92-1781
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RESOLUTION NO. 9 2 - 17 8
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
APPROPRIATION LIMIT AS REQUIRED BY ARTICLE XIIIB
OF THE CALIFORNIA STATE CONSTITUTION AND STATE LAW
CARLSBAD, CALIFORNIA, ESTABLISHING THE 1992-93
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 presented to the
governing body of each entity each fiscal year with the Operating Budget;
and
WHEREAS, State law also requires a recorded vote of the Council
regarding the adjustment factors selected for 1992-93; 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 by the City Council of the City
of Carlsbad, California, as follows:
1. That the following recitations are true and correct.
2. The adjustment factors used to establish the 1992-93
appropriations limit are the California per capita personal income change and
the San Diego growth rate.
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3. That the City Council of the City of Carlsbad, California, does
hereby establish and adopt the estimated 1992-93 appropriation limit of
Sixty-six million, seventy-two thousand, eight hundred and thirty-five dollars
($66,072,835) as computed in Exhibit F attached hereto.
4. That the City Clerk is directed to publish this Resolution in a
newspaper of general circulation.
PASSED, APPROVED AND ADOPTED at a regular meeting of the City
Council on the 16th day of June , 1992, by the following vote, to
wit:
AYES: Council Members Lewis, Kulchin, Larson, Stanton and Nygaard
NOES: None
ABSENT: None
fl/: ~ , // [w ,/
/ /.:@flfl&:d%&g <$, i.% - L,' k CLAUddA. LEWIS, Mayor
~ ATTEST:
(SEAL)
e EXHIBIT F
GANN APPROPRIATIONS LIMIT
CITY OF CARLSBAD
The Appropriations Limitation imposed by Proposition 4 and modified by Proposition 111
creates a restriction on the amount of revenue which can be appropriated in any fiscal
year. The revenues which are subject to the Limitation are those considered "proceeds of
taxes." The basis for calculating the Limit began in fiscal year 1978-79 and is increased
based on population growth and inflation.
The major change made by Proposition 111 allows the City to annually choose among the
following options for calculating its Gann Limit:
b Growth in California per capita income, OR
b Growth in non-residential assessed valuation due to new construction in the
city,
AND
b Population growth of Carlsbad, OR
b Population growth within San Diego County.
The factors used to calculate the 1992-93 Limit were:
b Population growth in San Diego County, AND
b Growth in California per capita income.
The formula is outlined below:
1991 -92 Expenditure Limit $64,977,941
Yo County Population Growth
Growth in California per capita income
Net Increase Factor
1.0234
X 0.9936
1.0169
1992-93 Limit (1989-90 Limit X Factor) $66.072.835
Current Appropriation of Proceeds of Taxes $35,590,620
The spending limit for the City of Carlsbad for 1992-93 is $66,072,835 with appropriations
of "proceeds of taxes'' of $35,590,620. The result of the calculation provides the City with
an operating margin of $30.5 million.
The area chart on the following page graphically depicts the operating margin within
Carlsbad. The amount which can be appropriated from taxes is the result of the dramatic
increase in implementing the selection of factors as allowed in Proposition 111.
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