HomeMy WebLinkAbout2002-06-18; City Council; Resolution 2002-1811
r L
c c
4
E
E
i
E
1
IC
11
12
1:
1L
1:
It
li
It
11
2(
2'
2;
2:
2r
2t
2t
2i
21
EXHIBIT 7
RESOLUTION NO. 2002-181
OF CARLSBAD, CALIFORNIA, ESTABLISHING THE 2002-03
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
APPROPRIATION LIMIT AS REQUIRED BY ARTICLE XlllB OF
THE CALIFORNIA STATE CONSTITUTION AND STATE LAW
WHEREAS, Article XlllB 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; 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 City Council of the City of Carlsbad, California, does hereby establish
and adopt the 2002-03 appropriation limit of two hundred eighty-six million, three hundred
seventy thousand, thirty-five dollars ($286,370,035) 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 on
the 18th day of JUNE , 2002, by the following vote, to wit:
AYES: Council Members Lewis, Kulchin, Finnila, Nygaard, Hall
NOES: None
ABSENT: None
CLAUDE A."LEWlS, Mayor
ATTES +h-z
LORRAIN M. WOOD, City Clerk
EXHIBIT A
CITY OF CARLSBAD
GANN APPROPRIATIONS LIMIT
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
growth and inflation.
basis for calculating the Limit began in fiscal year 1978-79 and is increased based on population
The major change made by Proposition 111 allows the City to annually choose among the
following options for calculating its Gann Limit:
> Population growth of Carlsbad, OR > Population growth within San Diego County, AND
9 Growth in California per capita income, OR
9 Growth in non-residential assessed valuation due to new construction in the City.
The factors used to calculate the 2002-03 Limit were:
9 Population growth in Carlsbad, AND
9 Growth in non-residential new construction
The formula is outlined below:
2001-02 Expenditure Limit $257,473,486
% Carlsbad Population Growth
Growth in non-residential new construction
Net Increase Factor
X 1.0548
1.0544
1.1122
2002-03 Limit (2001-02 Limit X Factor) $286,370,035
Current Appropriation of Proceeds of Taxes $74,668,740
(Subject to the Limit)
The spending limit for the City of Carlsbad for 2002-03 is $286.4 million with appropriations of
"proceeds of taxes" of $74.7 million. The result of the calculation provides the City with an
operating margin of $21 1.7 million.