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HomeMy WebLinkAboutResolution 2011-41 establishing an annual appropriation limiCouncil/Agency Meeting Held: t7 Deferred/Continued to: ",Approved ❑ Conditionally Approved 0 Denied ° C s Sign ure Council Meeting Date: June 20, 2011 Department ID Number: FN 11-008 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. 2011-41 establishing an annual appropriation limit of $1,181,036,690 for the fiscal year 2011-2012 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 2011-41, "A Resolution of the City Council of the City of Huntington Beach Establishing the Appropriation Limit for Fiscal Year 2011-2012" of $1,181,036,690. 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. I I -32 7- Item 15. - I REQUEST FOR COUNCIL ACTION MEETING, DATE: 6/20/2011 - DEPARTMENT ID NUMBER: FN 11-008 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 2011-2012 was calculated as follows: Fiscal Year 2010-2011 Adopted Appropriation Limit $ 902,730,066 Multiplied by change in assessment roll from addition of local, nonresidential construction 1.2992 Multiplied by change in county population 1.0070 Proposed Fiscal Year 2011-2012 Appropriation Limit $1,181,036,690 Appropriations of revenues controlled by the Gann Limit are primarily in the General Fund. General Fund appropriations for Fiscal Year 2011-2012 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: Maintain financial viability and our reserves Attachment(s): Resolution Number 2011-41, "A Resolution of the City Council of the City of Huntinqton Beach Establishing the Appropriation Limit for Fiscal Year 2011-2012. " Item 15. - 2 1113 -32IS- f ATTACHMEN t ry 4 f RESOLUTION NO. 2011-41 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH ESTABLISHING THE APPROPRIATION LIMIT FOR FISCAL YEAR 2011-2012 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 $1,181,036,690 for the fiscal year 2011-2012. PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a regular meeting thereof held on the 20th day of June , 2011. MI/y4i- AND APPROVED: INITIATED AND APPROVED: /:), Finance Director APPROVED AS TO FORM: l ;kity Attorney -U 11-2916/65185 Res. No. 2011-41 STATE OF CALIFORNIA COUNTY OF ORANGE ) ss: CITY OF HUNTINGTON BEACH 1, 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 June 20, 2011 by the following vote: AYES: Shaw, Harper, Hansen, Carchio, Bohr, Dwyer, Boardman NOES: None ABSENT: None ABSTAIN: None Cit Jerk and ex-officio(jerk of the City Council of the City of Huntington Beach, California