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HomeMy WebLinkAboutCC Resolution 10427 (1999/2000 Appropriations Limit)RESOLUTION NO. 10427 A RESOLUTION APPROVING 1999/2000 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. WHEREAS, the City has elected to use the percent change in the population of Marin County and the percent change in the local assessment roll due to local non residential construction as provided by Proposition 111 for 1999/2000. 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 1999/2000 for the City of San Rafael at $35,198,315 as documented in Exhibit A, attached hereto and incorporated herein by reference as though fully set forth. ORIOb" Iay'AL 104,}-1 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 Monday. the 215` day of June 1999, by the following vote to wit: AYES: COUNCILMEMBERS: Cohen, Heller, Miller, Phillips and Mayor Boro NOES: COUNCILMEMBERS: None ABSENT: COUNCILMEMBERS: None �� JEANNE M. LEONCINI, City Clerk CITY OF SAN RAFAEL GANN LIMITATION CALCULATION 99/00 (A) 4.72 $ (B) Fiscal Cost of Living Change in Population Factor Prior Year Current Year Year Change in 1.37 Limitation Limitation 1.07 Assessment 4.67 5.40 California Roll for Change in Change in Per Capital Nonresidential Population for Population for Personal Income Or Construction San Rafael Or Marin Countv (Highest Ax (Source: State) (Source: County) (Source: State) (Source: State) Highest B) 94/95 95/96 4.72 $ 0.60 1.22 1.06 96/97 4.67 5.50 1.37 1.43 1.07 97/98 4.67 5.40 2.17 1.64 1.08 98/99 4.15 6.80 1.42 1.56 1.08 99100 4.53 6.26 1.47 1.62 1.08 = Value selected for Factor calculation $40,000,000 $35,000,000 $30,000,000 $25,000,000 $20,000,000 ` — $15,000,000 - $10,000,000 $5,000,000 – LO CD co M O rn rn rn M M o v rn m ti oo rn rn rn rn rn rn rn Exhibit A $ 24,635,128 x $ 24,635,128 = $ 26,113,235 x $ 26,113,235 = $ 27,941,557 x $ 27,941,557 = $ 30,176,882 x $ 30,176,882 = $ 32,591,032 x $ 32,591,032 = $ 35,198,315 $25,000,000 $20,000,000 ` — $15,000,000 - $10,000,000 $5,000,000 – LO CD co M O rn rn rn M M o v rn m ti oo rn rn rn rn rn rn rn Exhibit A