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HomeMy WebLinkAboutCC Resolution 11980 (Appropriations Limit)RESOLUTION NO. 11980 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN RAFAEL APPROVING FISCAL YEAR 2006/2007 GANN APPROPRIATIONS LIMIT AT $54,857,017 WHEREAS, Proposition 4, which was voted upon by the voters of the State of California on November 6, 1979, places various limitations on the fiscal powers of state and local governments; and WHEREAS, Senate Bill 1352, which implements Proposition 4, requires that the governing body of each local jurisdiction shall establish its Appropriations Limit at a regularly scheduled meeting or noticed special meeting; and WHEREAS, documentation used in the determination of the Appropriations Limit has been available in the Management Services Department, Financial Services Division as provided by Senate Bill 1352; and WHEREAS, the City has elected to use the percent change in the population of the Marin County from January 2005 to January 2006, and the percent change in the California per capita personal income in Fiscal Year 2006-2007, as provided by Proposition 111. NOW, THEREFORE, BE IT RESOLVED that the City Council of the San Rafael, pursuant to the formula set forth in Senate Bill 1352, does hereby establish the Appropriations Limit for fiscal year 2006/2007 for the City of San Rafael at $54,857,017, as documented in Exhibit A, attached hereto and incorporated herein by reference as though fully set forth. I, JEANNE M. LEONCINI, Clerk of the City of San Rafael, hereby certify that the foregoing resolution was duly and regularly introduced and adopted at a regular meeting on the City Council of said City held on Mondav, the 19th day of June, 2006, by the following vote to wit: AYES: COUNCILMEMBERS: Cohen, Heller, Miller and Mayor Boro NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: Phillips JEANNE M. LEONCINI, City Clerk WAManagement Services- WorkFile\Finance- WorkFile\Council Material\Resolutions\2006\City\Gann Approp Limit 06-07 Resolution.doc L:01:Il1rr0 GANN LIMITATION CALCULATION Fiscal Year 2006-2007 $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 - $10,000,000 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 0 Current Year Limitation 0 Subject to Gann Limit GANN Limit Calculations (A) (B) Ftscat Cost of Living I Change in Population Factor I Current Year Subject to near Change in Limitation Gann Limit Assessment California Roll for Change in Change in Per Capita Nonresidential Population for Population for Personal Income Or Construction San Rafael Or Marin Countv (Highest BX (Source: State) (Source: County) (Source: State) (Source: State) Highest A) 94/95 $ 24,635,128 95/96 4.72 0.60 1.22 1.060000 $ 26,113,235 96/97 4.67 f 5.50 1.37 1.43 1.070000 $ 27,941,557 97/98 4.67 { 5.40 2.17 1.64 1.080000 $ 30,176,882 98/99 4.15 [ 6.80 1.42 1.56 1.080000 $ 32,591,032 99/00 4.53 6.26 1.47 1.62 1.079800 $ 35,192,257 00/01 4.91 9.27 1.50 1.82 1.112600 $ 39,154,905 01/02 7.82 6.67 0.53 0.72 1.086000 $ 42,522,227 02/03 -1.27 5.15 0.69 0.81 1.060000 $ 45,073,561 03/04 2.31 2.43_ L 1.45 0.77 1.039152 $ 46,838,297 04/05 3.28 2.06 _ -0.16 2.53 1.058900 $ 49,597,072 $ 39,274,542 05/06 5.26 1.59 0.07 0.33 1.056100 $ 52,379,468 $ 43,215,534 06/07 3.96 0.57 0.49 0.74 1.047300 $ 54,857,017 $ 47,167,477 = Value selected for Factor calculation $60,000,000 $50,000,000 $40,000,000 $30,000,000 $20,000,000 - $10,000,000 98/99 99/00 00/01 01/02 02/03 03/04 04/05 05/06 0 Current Year Limitation 0 Subject to Gann Limit GANN Limit Calculations