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HomeMy WebLinkAboutAGENDA REPORT 2001 0620 CC REG ITEM 11HITEM V• ff- (J. I' OF ' 40ORPARX, CA]GWORNTA Ci &-t T CGunciVINTec ing- ©f tp -ao- aool ACT!,')--;. �it�r oyed �CL� r�C.omm.. ir�l i v,u adop�-ton oG Rieso_ MOORPARK CITY COUNCIL --ti 1 1oy 4 Dr AGENDA REPORT B'S'c TO: Honorable City Council FROM: Dana Shigley, Director of Administrative V�l DATE: June 13, 2001 (Council Meeting of June 20, 2001) SUBJECT: Consider Resolution No. 2001- Adopting the Appropriations Limitation for Fiscal Year 2001 -2002 for the City of Moorpark. 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 2000 -2001 the limitation was $13,010,402. The information provided by the State Department of Finance, as required by the Government Code, indicated a 7.82% change in price index and a 1.37% change in population. Accordingly, the City of Moorpark's limitation for Fiscal Year 2001 -2002 is $14,219,997. General Fund appropriations which are subject to this limitation (some appropriations are exempt) for FY 2001/2002 are estimated to be $6,962,500, well below this amount. Honorable City Council Meeting of June 20, 2001 Page 2 RECOI�MNDATION Staff recommends that the City Council adopt Resolution No. 2001- establishing the City's Appropriations Limitation for Fiscal Year 2001 -2002 at $14,219,997. Attached: Resolution No. 2001- RESOLUTION NO. 2001- A RESOLUTION OF THE CITY OF MOORPARK, CALIFORNIA, ESTABLISHING THE CITY'S APPROPRIATION LIMITATION FOR FISCAL YEAR 2001 -2002 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 2001 -2002 appropriations limitation has been calculated in accordance with the State Constitution and applicable sections of the Government Code by adjusting its Fiscal Year 2000 -2001 appropriations limit of $13,010,402 by a cost index change of 7.82% and a population change of 1.37% as determined by the California Department of Finance. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF MOORPARK, CALIFORNIA DOES HEREBY RESOLVE AS FOLLOWS: SECTION 1. The appropriations limitation for the City of Moorpark during Fiscal Year 2001 -2002 is hereby determined to be $14,219,997. 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 20th day of June 2001. Patrick Hunter, Mayor ATTEST: Deborah S. Traffenstedt, City Clerk