HomeMy WebLinkAbout2015-06-30; City Council; Resolution 2015-172Exhibit 6
1 RESOLUTION NO. 2015-172
2 A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF CARLSBAD, CALIFORNIA,
3 ESTABLISHING THE 2015-16 APPROPRIATION
. LIMIT AS REQUIRED BY ARTICLE XIIIB OF THE
CALIFORNIA STATE CONSTITUTION AND STATE
5 LAW
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WHEREAS, Article XIIIB ofthe 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
10 of each entity each fiscal year; and
11 WHEREAS, State law also requires that this limit be published in a newspaper of
12 general circulation to allow public response to the limit as adopted.
13 NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of
Carlsbad, California, as follows:
1. That the above recitations are true and correct.
2. That the City Council of the City of Carlsbad, California, does hereby
establish and adopt the 2015-16 appropriation limit ofthree hundred and eighty
nine million, nine hundred and ninety nine thousand, and ninety seven dollars
20 ($389,999,097) as computed in Exhibit 6-A attached hereto.
21 3. That the City Clerk is directed to publish this Resolution in a
22 newspaper of general circulation.
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PASSED, APPROVED AND ADOPTED at a Joint Special Meeting of the City of Carlsbad City
Council, Carlsbad Municipal Water District Board, Carlsbad Public Financing Authority,
Community Development Commission and City of Carlsbad as Successor Agency to the
Redevelopment Agency on the 30* day of June, 2015, by the following vote to wit:
AYES:
NOES:
ABSENT:
Council/Board/Commission Members Hall, Blackburn, Schumacher, Wood and
Packard.
None.
None.
MATT
ATTEST:
rr HALL, Maydr/Pres'ider ent/Chairman
BARBARA ENGLESO^ity Clerk/Secretary
o<SB%%
(SEAL) /^•:;;^o^^ \
zO
Exhibit 6-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 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:
> Population growth of Carlsbad, OR
> Population growth within San Diego County, AND
> Growth in California per capita income, OR
> Growth in non-residential assessed valuation due to new construction in the City.
The factors used to calculate the 2015-16 Limit were:
> Population growth in San Diego County, AND
> Growth in California per capita income
The formula is outlined below:
2014- 15 Expenditure Limit $371.250.924
% San Diego County Population Growth 1.0118
Growth in California per capita income X 1.0382
Net Increase Factor 1.0505
2015- 16 Limit (2014-15 Limit X Factor) $389.999.097
Current Appropriation of Proceeds of Taxes $122,067,146
(Subject to the Limit)
The spending limit for the City of Carlsbad for 2015-16 is $390.0 million, with appropriations of
"proceeds of taxes" of $122.1 million. The result of the calculation provides the City with an
operating margin of $267.9 million.
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