HomeMy WebLinkAboutCity Council - 2017-21 RESOLUTION NO. 2017-21
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH ESTABLISHING THE
GANN APPROPRIATION LIMIT FOR FISCAL YEAR 2017/18
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 provisions of Article 13B of the California Constitution and the
formula set out therein, there is hereby established an appropriation limit of$882,638,091 for the
fiscal year 2017/18.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting thereof held on the day of_ �,: , 2017.
Asa
Mayor
REVI APPROVED: APPROVED AS T
City a a er City Attorney
I/ITIATED AND APPROVED: rT'✓
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Finance Director
Exhibit A—Gann Limit Calculation
17-5799/157956/RLS 5/1 1/17/PD
Ab
EXHIBIT A
GANN LIMIT CALCULATION FISCAL YEAR 201.7-2018
Under Proposition l 11,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 2017-2018 adjustment are as follows:
Price Factor:
(A) Percent growth in State per Capita Personal Income: 3.69%
(Source:Dept of Finance,California)
(B) Percent change in Assessed Valuation due to new non-residential construe -1.85%
(Source: Orange County Assessor Prop l 11 Report)
Population Factor:
(C) Percent growth in County Population: 0.69%
(Source:Dept of Finance,California)
(D) Percent growth in City Population: 0.51%
(Source: Dept of Finance,California)
Annual Adjustment Factor:
Based on the actual data,the four alternative adjustment factors are as follows:
(A x C) 1.0369 x 1.0069 = 1.0440546
(A x D) 1.0369 x 1.0051 = 1.0421882
(B x C) 0.9815 x 1.0069 = 0.9882724
(B x D) 0.9815 x 1.0051 = 0.9865057
Calculation of the Fiscal Year 2017-2018 Limit
FY 16/17 Limit $845,394,563
Recommended Adjustment Factor(Largest Allowable Increase) 1.04405461
FY 17/18 Limit $882,638,091
Res. No. 2017-21
STATE OF CALIFORNIA
COUNTY OF ORANGE ) ss:
CITY OF HUNTINGTON BEACH )
I, ROBIN ESTANISLAU 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 5, 2017 by the following vote:
AYES: O'Connell, Semeta, Delgleize, Hardy, Brenden
NOES: None
ABSENT: Posey, Peterson
RECUSE: None
City Clerk and ex-officio Clerk of the
City Council of the City of
Huntington Beach, California