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HomeMy WebLinkAboutRESOLUTION 2007-38 - ESTABLISH THE ANNUAL APPROPRIATION LIMI�hl Council/Agency Meeting Held: Deferred/Continued to: )(Appr vet ❑ Conditionally Approved ❑ Denied C90City erk's ignat Council Meeting Date: 7/2/2007 Department ID Number: FN 07-004 CITY OF HUNTINGTON BEACH REQUEST FOR CITY COUNCIL ACTION SUBMITTED TO: HONORABLE MAYOR AND CITY C NCIL MEMBERS SUBMITTED BY: PEN EL PE CULBRETH-GRAFT, DPA, CITY ADM INIST TOR PREPARED BY: DAN T. VILLELLA, CPA, FINANCE DIRECTOR SUBJECT: ADOPT RESOLUTION TO ESTABLISH ANNUAL APPROPRIATION LIMIT FOR FISCAL YEAR 2007-2008 Statement of Issue, Funding Source, Recommended Action, Alternative Action(s), Analysis, Environmental Status, Attachment(s) 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. Funding Source: Not applicable Recommended Action: Motion to: Adopt Resolution Number 2007-38 , "A Resolution of the City Council of the City of Huntington Beach Establishing the Appropriation Limit for Fiscal Year 2007-2008" of $565,300,579. 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. REQUEST FOR CITY COUNCIL ACTION MEETING DATE: 7/2/2007 DEPARTMENT ID NUMBER: FN 07-004 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 2007-2008 was calculated as follows: Fiscal Year 2006-2007 Adopted Appropriation Limit $536,862,296 Multiplied by change in per capita personal income 1.0442 Multiplied by change in county population 1.0084 Proposed Fiscal Year 2007-2008 Appropriation Limit $565,300,579 Appropriations of revenues controlled by the Gann Limit are primarily in the General Fund. General Fund appropriations for Fiscal Year 2007-2008 will 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. Strategic Plan Goal: Not applicable Environmental Status: Not applicable Attachment(s): 1. Resolution Number 2007-38 "A Resolution of the City Council of the City of Huntington Beach Establishing the Appropriation Limit for Fiscal Year 2007-2008" -2- 6/5/2007 4:01 PM ATTACHMENT #1 RESOLUTION NO. 2007-38 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF HUNTINGTON BEACH ESTABLISHING THE APPROPRIATION LIMIT FOR FISCAL YEAR 2007-2008 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: SECTION 1. In compliance with the provisions of Article 1313 of the California Constitution and the formula set out therein, there is hereby established an appropriation limit of $565,300,579 for the fiscal year 2007-2008. 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 1111 y , 2007. REVIEWED AND APPROVED: o-V " 1s =0- ut ?1"4 1- APPROVED ity Admi istrator City Attorney FORM: G AND APPROVED: inance Director 07-1099110626 Res. No. 2007-38 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 the 2nd day of July, 2007 by the following vote: AYES: Bohr, Carchio, Cook, Coerper, Green, Hansen, Hardy NOES: None ABSENT: None ABSTAIN: None y Clerk and ex-offic67CIerk of the City Council of the City of Huntington Beach, California RCA ROUTING SHEET INITIATING DEPARTMENT: FINANCE SUBJECT: ADOPT RESOLUTION TO ESTABLISH ANNUAL APPROPRIATION LIMIT FOR FISCAL YEAR 2007/2008 COUNCIL MEETING DATE: July2, 2007 RCA ATTACHMENTS STATUS Ordinance (w/exhibits & legislative draft if applicable) Attached ❑ Not Applicable Resolution (w/exhibits & legislative draft if applicable) Attached Not Applicable ❑ Tract Map, Location Map and/or other Exhibits Attached ❑ Not Applicable Contract/Agreement (w/exhibits if applicable) Attached ❑ (Signed in full by the City Attorney) Not Applicable Subleases, Third Party Agreements, etc. Attached ❑ (Approved as to form by City Attorney) Not Applicable Certificates of Insurance (Approved by the City Attorney) Attached ❑ Not Applicable Fiscal Impact Statement (Unbudgeted, over $5,000) Attached ❑ Not Applicable Bonds (If applicable) El Notached t Applicable Staff Report (If applicable) Nott Applicable Commission, Board or Committee Report (If applicable) Attached ❑ Not Applicable Findings/Conditions for Approval and/or Denial Attached ❑ Not Applicable RCA Author: Robert Sedlak, Accounting Manager x5907