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HomeMy WebLinkAboutFY 2012-2013 Annual Appropriation Limit Established - Resolu.,2) Council/Agency Meeting Held2,1�0/di Deferred/Continued to: &Appr ved ❑ Conditionally Approved ❑ Denied C y Jerk' Sign re - Council Meeting Date: July 2, 2012 Department D Number: FN 12-013 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ,ACTION SUBMITTED TO: Honorable Mayor and City Council Members SUBMITTED BY: Fred A. Wilson, City Manager PREPARED BY: Lori Ann Farrell, Director of Finance SUBJECT: Adopt Resolution No. 2012-40 to Establish the Annual Appropriation Limit for Fiscal Year 2012-2013 Statement of Issue: Article 13B of the State of California Constitution (the Gann Appropriation Limit) imposes upon state agencies and local government the obligation to limit each fiscal year's appropriations and requires the City of Huntington Beach to annually adopt a tax proceeds appropriation limit. Financial Impact: Not applicable. Recommended Action: Motion to: Adopt Resolution Number 2012-40, "A Resolution of the City Council of the City of Huntington Beach Establishing the Appropriation Limit for Fiscal Year 2012-2013" of $692,527,871. Alternative Action(s): 1. Do not adopt an appropriation limit, in which case the prior year limit applies. 2. Adopt the limit with different factors. Item 4. - I HB -52- REQUEST FOR COUNCIL ACTION MEETING DATE: 7/02/2012 DEPARTMENT ID NUMBER: FN 12-013 Analysis: In November 1979, the California voters approved Article 13B of the State of California Constitution, which allows the City's spending of tax proceeds to increase only by factors from the base year of 1978-1979. In June 1990, Proposition 111 was passed which changed the way the limit is calculated and is outlined as follows. The City may increase its limit annually in two ways: • By a percentage equal to the increase from the preceding year in county or city population (whichever is greater). • By an amount equal to the change in per capita personal income in California or the change in the assessment roll the preceding year due to the addition of local nonresidential new construction (whichever is greater). The proposed appropriation limit for Fiscal Year 2012-2013 was calculated as follows: Fiscal Year 2011-2012 Appropriation Limit Multiplied by percentage growth in State Per Capita Personal Income Multiplied by change in city population Proposed Fiscal Year 2012-2013 Appropriation Limit $ 659,845,851 1.0377 1.0114 $ 692,527,871 Appropriations of revenues controlled by the Gann Limit are primarily in the General Fund. General Fund appropriations for Fiscal Year 2012-2013 are expected to be significantly below the amount set as the City's appropriation limit. Examples of proceeds of taxes governed by the Gann Appropriation limit are: property taxes, sales taxes, utility taxes, state subventions, fines, forfeitures, interest revenue on regulatory licenses, user charges, and user fees to the extent that those proceeds exceed the costs reasonably borne by that entity in providing the regulation, product, or service. Environmental Status: Not applicable Strategic Plan Goal: Improve long-term financial sustainability Attachment(s): 1. IResolution No. 2012-40, "A Resolution of the City Council of the City of Huntington Beach Establishinq the Appropriation Limit for Fiscal Year 2012-13." HB -53- Item 4. - 2 ATTACHMENT #1 Item 4. - 3 HB -54- RESOLUTION NO. 2012-40 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH ESTABLISHING THE APPROPRIATION LIMIT FOR FISCAL YEAR 2012-2013 WHEREAS, Article 13B of the California Constitution imposes upon state agencies and local governments the obligation to limit each fiscal year's appropriations 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 $692,527,871 for the fiscal year 2012-2013. PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 2 n d day of July , 2012. J Mayor REVIE D APPROVED: APP VED AS TO FORM: City ity Attrney DiKo 51 ZlI ( L INITIATED AND APPROVED: � qc"� Director of Finance 12-3339/79907 Res. No. 2012-40 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 an regular meeting thereof held on July 02, 2012 by the following vote: AYES: Shaw, Harper, Dwyer, Hansen, Carchio, Bohr, Boardman NOES: None ABSENT: None ABSTAIN: None CitVClerk and ex-officio 61erk of the City Council of the City of Huntington Beach, California