HomeMy WebLinkAboutAGENDA REPORT 1992 0617 CC REG ITEM 08MTO:
FROM:
DATE:
SUBJECT:
BACKGROUND
ITEM
MOORPARK
799 Moorpark Avenue Moorpark, California 93021 (805 ) 529 -6864
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M E M G R A N D U M of X99 Z
ACT N:
Honorable City Council .�- O
Richard Hare, Deputy City Mana r By
June 12, 1992
Adoption of "Gann" Appropriation Limit Resolution
Government Code Section 7910 requires each governmental entity to
establish its annual appropriation limit by resolution at a
regularly scheduled meeting of the entity. The attached resolution
complies with the referenced section of the government code and
Article XIII B of the State Constitution.
On June 7, 1988, the voters approved Measure "C" which increased
the City's appropriation limit for the four year period beginning
fiscal year 1986/87 through fiscal year 1989/90. This override
election authorized the City to expend any proceeds of taxes in
excess of the calculated "Gann" appropriation limit established for
fiscal year 1986 /87 through 1989/90.
Pursuant to Government Code 7911, the City Council has several
options with regard to the disposition of excess proceeds of taxes.
The Council may grant a tax refund or credit, by providing a
temporary suspension of tax rates or fee schedules. Additionally,
per the provisions of Government Code Section 79 and consistent
with Article 13B, Section 9D of the State Constitution,
expenditures for all qualified capital outlay projects which are
defined as appropriation for a fixed asset (including land and
constructions) with a useful life of 10 or more years and a value
which equals or exceeds one hundred thousand dollars ($100,00), are
not included as appropriations subject to limitations. Therefore,
any proceeds of taxes in excess of the appropriation limit can be
appropriated for a fixed asset (including land and construction) if
the fixed asset has a useful life of 10 or more years and a value
which equals or exceeds one hundred thousand dollars ($100,000).
Approve Resolution 92-
limit.
REPORTS:APPRO.LMT
establishing the City's appropriation
PAUL W. LAWRASON JR. JOHN E. WOZNIAK SCOTT MONTGOMERY BERNARDO M. PEREZ ROY E. TALLEY JR.
Mayor Mayor Pro Tem Councilmember Counalmember Coundirnember