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HomeMy WebLinkAboutAGENDA REPORT 2002 0605 CC REG ITEM 11FITEM 1161:0 LA MOORPARK CITY COUNCIL AGENDA REPORT TO: Honorable City Council R FROM: Dana Shigley, Administrative Services Direct DATE: May 23, 2002 (Council Meeting of June 5, 2002) SUBJECT: Consider Resolution Establishing the Appropriation Limitation for Fiscal Year 2002 -2003 for the City of Moorpark at $14,627,654. BACKGROUND Proposition 4 was approved by the voters of California in 1979 adding Article XIII B to the State Constitution. The Proposition places a limit on the growth of general fund appropriations by government entities. DISCUSSION Proposition 4 (the "Gann Limitations ") was adopted by California voters in November 1979 and added Article XIII B to the State Constitution. The Proposition limited the growth in appropriations of state and local governments to the increase in the jurisdiction's population and the increase in the State price index. For FY 2001 -2002 the limitation was $14,219,997. The information provided by the State Department of Finance, as required by the Government Code, indicated a -1.27% change in price index and a 4.19% change in population. Accordingly, the City of Moorpark's limitation for Fiscal Year 2002 -2003 is $14,627,654. General Fund appropriations which are subject to this limitation (some appropriations are exempt) for FY 2002- 2003 are estimated to be $6,081,500, well below this amount. Honorable City Council May 23, 2002 Page 2 STAFF RECOMMENDATION Adopt Resolution No. 2002- Attached: Resolution No. 2002- RESOLUTION NO. 2002- A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA, ESTABLISHING THE CITY'S APPROPRIATION LIMITATION FOR FISCAL YEAR 2002 -2003 WHEREAS, Article XIII B of the State Constitution limits annual appropriations for certain general fund revenues for state and local governments; and WHEREAS, Government Code Section 7910 requires that a city establish its annual appropriations limitation by resolution at a public meeting of the legislative body; and WHEREAS, the Fiscal Year 2002 -2003 appropriations limitation has been calculated in accordance with the State Constitution and applicable sections of the Government Code by adjusting its Fiscal Year 2001 -2002 appropriations limit of $14,219,997 by a cost index change of -1.27% and a population change of 4.19% as determined by the California Department of Finance. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The appropriations limitation for the City of Moorpark during Fiscal Year 2002 -2003 is hereby determined to be $14,627,654. SECTION 2. The City Clerk shall certify to the adoption of this resolution and shall cause a certified resolution to be filed in the book of original Resolutions. PASSED AND ADOPTED this 5th day of June, 2002. Patrick Hunter, Mayor ATTEST: Deborah S. Traffenstedt, City Clerk