HomeMy WebLinkAboutCity Council - 2015-48 RESOLUTION NO. 2 015-4 8
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH ESTABLISHING THE
GANN APPROPRIATION LIMIT FOR FISCAL YEAR 2015/2016
WHEREAS, Article 13B of the California Constitution imposes upon state agencies and
local governments the obligation to limit each fiscal year's appropriation of the proceeds from
taxes to the amount of such appropriations in fiscal year 1978/1979, adjusted for changes as
prescribed under the law,
NOW, THEREFORE, the City Council of the City of Huntington Beach does hereby
resolve as follows:
In compliance with the provisions of Article 13B of the California Constitution and the
formula set out therein, there is hereby established an appropriation limit of$791,233,225 for the
fiscal year 2015/2016.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting thereof held on the 8 t h day of S e p t e m b e r , 2015.
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REVIE A D APPROVED- APPROVED A RM:
CityMaHar y torney NCI
1 ITIATED AND APPROVED.
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Finance Director
Exhibit A-Gann Limit Calculation
15-4723/120853
Resolution No . 2015-48
EXHIBIT A
GANN LIMIT CALCULATION FISCAL YEAR 2015-2016
Under Proposition 111,there are two options available for each of the major adjustment factors The values
of these factors for the purpose of calculating the Fiscal Year 2015-2016 adjustment are as follows
Price Factor
(A) Percent growth in State per Capita Personal Income 3 82%
(Source Dept of Finance,California)
(B) Percent change in Assessed Valuation due to new non-residential construction -0 54%
(Source Orange County Assessor Prop I I I Report)
Population Factor
(C) Percent growth in County Population 1 08%
(Source Dept of Finance,California)
(D) Percent growth in City Population 1 21%
(Source Dept of Finance,California)
Annual Adjustment Factor
Based on the actual data,the four alternative adjustment factors are as follows
(A x C) 10382 x 10108 = 10494
(A x D) 10382 x 10121 = 10508
(B x C) 09946 x 10108 = 1 0053
(B x D) 09946 x 10121 = 10066
Calculation of the Fiscal Year 2015-2016 Limit
FY 14/15 Limit $753,008,825 From PY G
Recommended Adjustment Factor(Largest Allowable Increase) 105076222
FY 15/16 Limit $791,233,225
HB -3149- Item 17. - 29
Res. No. 2015-48
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, JOAN L FLYNN the duly elected, qualified City Clerk of the City of
Huntington Beach, and ex-officio Clerk of the City Council of said City, do hereby
certify that the whole number of members of the City Council of the City of
Huntington Beach is seven, that the foregoing resolution was passed and adopted
by the affirmative vote of at least a majority of all the members of said City Council
at a Regular meeting thereof held on September 8, 2015 by the following vote
AYES: Posey, O'Connell, Katapodis, Hardy, Sullivan, Delgleize, Peterson
NOES: None
ABSENT: None
ABSTAIN: None
City rk and ex-officio Clerk of the
City Council of the City of
Huntington Beach, California