HomeMy WebLinkAboutCity Council - 2020-32 RESOLUTION NO. 2020-32
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF HUNTINGTON BEACH ESTABLISHING THE
GANN APPROPRIATION LIMIT FOR FISCAL YEAR 2020/2021
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$1,001,044,445 for
the fiscal year 2020/21.
PASSED AND ADOPTED by the City Council of the City of Huntington Beach at a
regular meeting thereof held on the 29th day of June , 2020.
M or
R WED AND APPROVED: APPROVED AS TO FORM:
Manager C' Attorney
INITIATED AND APPROVED:
qC i�ef Financial Officer
Exhibit A—Gann Limit Calculation
20-8620/229 1 1 4
EXHIBIT A ,Q&5QLV77dA1 MO._Z420-,Z
GANN LIMIT CALCULATION FISCAL YEAR 2020-2021
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 2020-2021 adjustment are as follows:
Price Factor:
(A) Percent growth in State per Capita Personal Income: 3.73%
(Source:Dept of Finance,California)
(B) Percent change in Assessed Valuation due to new non-residential construction: -1.83%
(Source: Orange County Assessor Prop I I I Report)
Population Factor:
(C) Percent growth in County Population: 0.04%
(Source:Dept of Finance,California)
(D) Percent growth in City Population: 0.02%
(Source: Dept of Finance,California)
Annual Adjustment Factor:
Based on the actual data,the four alternative adjustment factors are as follows:
(A x C) 1.0373 x 1.0004 = 1.03771492
(A x D) 1.0373 x 1.0002 = 1.03750746
(B x C) 0.9817 x 1.0004 = 0.98209268
(B x D) 0.9817 x 1.0002 = 0.98189634
Calculation of the Fiscal Year 2019-2020 Limit
FY 19/20 Limit $964,662,284
Recommended Adjustment Factor(Largest Allowable Increase) 1.03771492
FY 20/21 Limit $1,001,044,445
Res. No. 2020-32
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 special meeting thereof held on June 29,
2020, by the following vote:
AYES: Posey, Delgleize, Hardy, Carr, Brenden
NOES: Semeta, Peterson
ABSENT: None
ABSTAIN: None
City Clerk and ex-officio Clerk of the
City Council of the City of
Huntington Beach, California