HomeMy WebLinkAboutCity Council - 2016-33 RESOLUTION NO. 2016-33
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH ESTABLiSH4NG '['HE
GANN APPROPRIATION LIMIT FOR I7 ISCAL YEAR 2016/17
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, TIIEREFOIZE, the City Council of the City of I-luntington 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$845,394,563 for the
Fiscal year 2016/17.
PASSED AND ADOPTED by the City Council of the City of 1-luntington Beach at a
regular meeting thereof held on the sixth day of September, 2016.
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Mayo
RE_,VIEWF ) AND APPROVED: APPROVED AS TO FORM:
City na r Cit Attorney
INITIALED AND APPROVED:
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C Lief Financial Officer
Exhibit A - Gann Limit Calculation
16-5261/136771
EXHIBIT A
GANN LIMIT CALCULATION FISCAL YEAR 2016-2017
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 2016-2017 adjustment are as follows:
Price Factor:
(A) Percent growth in State per Capita Personal Income: 5.37%
(Source:Dept of Finance,California-Attachment 1)
(B) Percent change in Assessed Valuation due to new non-residential constru, 3.66%
(Source: Orange County Assessor Prop 111 Report-Attachment 2)
Population Factor:
(C) Percent growth in County Population: 0.99%
(Source:Dept of Finance,California-Attachment 1)
(D) Percent growth in City Population: 1.40%
(Source:Dept of Finance,California-Attachment 1)
Annual Adjustment Factor:
Based on the actual data,the four alternative adjustment factors are as follows:
(A x C) 1.0537 x 1.0099 = 1.0641316
(A x D) 1.0537 x 1.0140 = 1.0684518
(B x C) 1.0366 x 1.0099 = 1.0468623
(B x D) 1.0366 x 1.0140 = 1.0511124
Calculation of the Fiscal Year 2016-2017 Limit
FY 15/16 Limit $791,233,225
Recommended Adjustment Factor(Largest Allowable Increase) 1.0684518
FY 16/17 Limit $845,394,563
Res. No. 2016-33
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, ROBIN ESTANISLAU the duly appointed, 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 6, 2016 by the
following vote:
AYES: Posey, O'Connell, Sullivan, Katapodis, Hardy, Delgleize, Peterson
NOES: None
ABSENT: None
ABSTAIN: None
City Clerk and ex-officio Clerk of the
City Council of the City of
Huntington Beach, California