HomeMy WebLinkAboutCC RES 02-074RESOLUTION NO. 02- 74
BENSON, FERGUSON, SPIEGEL, KELLY
NONE
CRITES
NONE
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF PALM DESERT, CALIFORNIA,
ESTABLISHING THE APPROPRIATIONS LIMIT
FOR THE 2002-2003 FISCAL YEAR
WHEREAS, the voters approved the Gann Spending Limitation Initiative
(Proposition 4) on November 6, 1979, adding Article XIII B to the Constitution of the State
of California to establish and define annual appropriation limits on state and local
government entities; and
WHEREAS, Chapter 120-5 of the Revenue and Taxation Code Section 7910 (which
incorporates California Senate Bill 1352) provides for the implementation of Article XIII B
by defining various terms used in this Article and prescribing procedures to be used in
implementing specific provisions of the Article, jurisdiction of its appropriations limit; and
WHEREAS, the required calculation to determine the Appropriations Limit for Fiscal
Year 2001-2002, has been performed by the Finance Department based on available
information and is on file with the Finance Department and available for public review;
WHEREAS, finance staff will recalculate the Appropriations Limit for respective
fiscal periods including Fiscal Year 2002-2003, as soon as information regarding the
percentage changes in the local assessment roll due to additional local nonresidential new
construction is made available by the Riverside County Assessor's office;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Palm
Desert, California, that the City of Palm Desert Appropriations Limit is hereby established
as 55.786.886 for 2002-2003 Fiscal Year.
PASSED, APPROVED AND ADOPTED at the regular meeting of the Palm Desert
City Council held on this 27th day of June, 2002, by the following vote, to wit:
AYES:
NOES:
ABSENT:
ABSTAIN:
ST:
SHEILA GILL AN, I Y CLERK
CITY OF PALM DE T, CALIFORNIA
RICHARD KELLY, MAYOR
H:\ogibson1WP511Bud021res-estappOlwpd
xix
CITY OF PALM DESERT
FISCAL YEAR 2002-2003
APPROPRIATIONS LIMIT CALCULATION
Article XIII B of the California Constitution requires adoption of an annual appropriation limit. The original base
year limit was adopted in FY 1978-79 and has been adjusted annually for increase by a factor comprised of the
percentage change in population combined with either the percentage change in California per capita personal
income or the percentage change in local assessment roll due to the addition of local nonresidential new
construction. The changes in the local assessment roll due to additional local nonresidential new construction for
current and prior periods have not been available from the County Assessor's office.
The November, 1988 voters approved Proposition R which increased the limit to $25,000,000. It expired in
November, 1992. The FY 1993-94 limit was calculated with prior years re -calculated to reflect the expiration of the
$25,000,000 limit.
A. 2001-02 APPROPRIATION LIMIT
AMOUNT SOURCE
54,394,006 PRIOR YEAR'S CALCULATION
B. ADJUSTMENT FACTORS
1. POPULATION %
POPULATION % CHANGE 3.88 STATE DEPT OF FINANCE
POPULATION CONVERTED TO RATIO (3.88+100)1100 1.0388 CALCULATED
2. INFLATION %
USING % CHANGES IN CALIF PER CAPITA PERSONAL INCOME
PER CAPITA % CHANGE
PER CAPITA CONVERTED TO RATIO (-1.27+100)/100
3. CALCULATION OF FACTOR FOR FY 02-03
C. 2002-03 APPROPRIATIONS LIMIT BEFORE ADJUSTMENTS
D. OTHER ADJUSTMENTS
E. 12002-03 APPROPRIATIONS LIMIT
F. !APPROPRIATIONS SUBJECT TO LIMIT
G. !OVER/(UNDER) LIMIT
(1.27) STATE DEPT OF FINANCE
0.9873
1.0256 B1*B2
55,786,886 B3*A
0 CALCULATED
55,786,886 II C+D
28,572,539 I CALCULATED
(27,214,348)1 F-E
-
414,