HomeMy WebLinkAboutCC Resolution 11350 (Appropriations Limit)RESOLUTION NO. 11350
A RESOLUTION APPROVING FISCAL YEAR 2003/2004
APPROPRIATIONS LIMIT
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 City of San Rafael from January, 2002 to January, 2003, and the percent change in
the local assessment roll due to local non residential construction in Fiscal Year 2002-
2003, 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 2003/2004 for the City of San Rafael at $46,838,281,
as documented in Exhibit A, attached hereto and incorporated herein by reference as
though fully set forth.
S�
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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 onMom the 7th day of ,lull[ 2003, by the following
vote to wit:
AYES: COUNCILMEMBERS: Cohen, Heller, Miller, Phillips and Mayor Boro
NOES: COUNCILMEMBERS: None
ABSENT: COUNCILMEMBERS: None
i
JEANNE M. LEONCINI, City Clerk
WAManagement Services- WorkFile\Finance- WorkFile\Council Matedal\Resolutions\2003\City\Gann Approp Limit 03-04
Resolution.doc
$50,000,000
$45,000,000 `-
$40,000,000 -
$35,000,000
$30,000,000 ---._._........_._.__-. ,
$25,000,000
$20,000,000 ...... .......
i
$15,000,000 i
$10,000,000 - - ... - _ .... • ._..._. ..._... ..
$5,000,000 __.. ..._..__ _._._ ....._.. _._.._ ..... ..
GANN LIMITATION CALCULATION
Fiscal Year 2003-2004
EXHIBIT A
(A)
(B)
Fiscal
Cost of Living
Change in Population
Factor
Prior Year
Current Year
Year
Change in
Limitation
Limitation
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)
94195
$
24,635,128
95/96
4.72
0.60
1.22
1.0600
x
$ 24,635,128
= $
26,113,235
96/97
4.67
5.50
1.37
1.43
1.0700
x
$ 26,113,235
= $
27,941,557
97198
4.67
5.40
2.17
1.64
1.0800
x
$ 27,941,557
= $
30,176,882
98/99
4.15
6.80
1.42
1.56
1.0800
x
$ 30,176,882
= $
32,591,032
99100
4.53
f 6.26
1.47
1.62
1.0798
x
$ 32,591,032
= $
35,192,257
00101
4.91
WWW Y9.27 -
1.50
1.82
1.1126
X
$ 35,192,257
= $
39,154,905
01/02
7.82
6.67
0.53
0.72
1.0860
X
$ 39,154,905
$
42,522,227
02103
-1.27
5.15 (
0.69
0.81
1.0600
X
$ 42,522,227
$
45,073,561
03/04
2.31
2.43
1.45
0.77
1.0392
X
$ 45,073,561
$
46,838,281
= Value selected for Factor calculation
$50,000,000
$45,000,000 `-
$40,000,000 -
$35,000,000
$30,000,000 ---._._........_._.__-. ,
$25,000,000
$20,000,000 ...... .......
i
$15,000,000 i
$10,000,000 - - ... - _ .... • ._..._. ..._... ..
$5,000,000 __.. ..._..__ _._._ ....._.. _._.._ ..... ..