HomeMy WebLinkAbout06/27/1989, 1 - APPROPRIATION LIMIT FOR 1978-79 THROUGH 1989-90. EETJNrg
OVER city of San WIS OBISPO "" �89
glig COUNCIL AGENDA R ORT ""u
FlMM: William C. Statler, Director of Finance
sammAz, r;at;cgs Limit for 1978-79 thrnygh 198990. RECEIVED
cm J1Nr 1 ��•
Adopt by resolution the Aazqz- Limits f= 1978-79 tbrouih 198990. CtTYCLERK
SAN LUIS08ISPO.CA
or, May 15,- 1989, the City Council was provided the status of the City's :1% g matian
I mit fr= 1978-79 to 1987-88 with projections through 1999-00. As meed in this Report,
the City should have a favorable vada= in the apprcpriation limit U=i;h 1991-92-
Additionally, the May 15, 1989 Report reviewed the basis for oca utation of the appro-
priation limit:
* nYpomr,-;aticn adjustments axe limited to the 1978-79 a�ri,ation level plus
ranges in cost of living, pcpu aticn, and transfers in service responsibility-
* Rwomi s received from service dnarges, cant prams► fines, forfeitures, and
other "ncn-tax" sources are not subject to the appropriation limit.
* Unrestricted State subventicans obtor vehicle, Cigarette, and In-Lieu, Taxes) are
considered to be tax sources and subject to limitation.
* Tax revenues in excess of the Appropriation, Limit require a public vote to
gr=ease the limit or sett be returned within the next two fiscal years.
As provided in E&dbit "A" of the Resolution, the City's Appropriation Limit from 1979-80
through 1989-90 was computed based on darge_s in papulation and the cost of living as
pmwided by the State of California, Department of Finance. Additionally, the appmopria-
tiara limit has been adjusted to recognize a recent Court of Appeal ruling that exempted
Franchise Flees in the calculation of the appropriaticn limit. Using 1989-90 as an
example, this adjustment results in a minimal, favorable adjustment as reflected below:
PREVIQS REVISED
NEI= MEDW VARIANCE
riaticns Limit $181453,006 $1789981,848 $454,158
Tax Proceeds Subject to Limit 17.225.000 16.753.800 471.200
Variance F=m Limit $ 1,228,006 $ 11245,048 17,042
SMOM
As disused at the May 15, 1989 meeting, the City is not expected to encounter any dif-
ficulty with its.appropriation limit until 1991-92. For 1989-90, the :19 1 .at;On limit
has been calculated to be $17,998,848; which represents a favasable variance of apprmd-
mately $1.1 miLUM from projected revenues subject to the limit.
Attachment: Resolution
RE90Ii BD. (1989 Series)
A Rmom= OF TFC a70N;.'m OF THE QTY OF SAN LUIS On=
FSTNEUSHINi THE LUCM A=
FUR FISCAL 7dMURS 1978-79 TMMM 1989-90
WHERER4, the wrters ao=4ed the Gann Spending-Llmltat= Initiative
(Pmposition 4) On November 6, 1979 adding Article XIII B to the Qxr titution
of the State of California to establish and define annual an= pr ation limits
on State and local govesimrent entities; and,
WfEF"Z, SB 1352 provides for the of Article XIII B by
defining v-ariaus terms used in this article and prescribing procedures to be
used in i'Vlementing specific pzoyisions of the article, including the estab-
lishment, by resolution each year by the governing body of each local jurisdic-
tion of its appropriations limit; and,
WHEREAS, the rapired emputati,ons to determine the Appropriat.] Limit
for FY 3.978-79 th uugh FY 198990 have been performed by the Department of
Finance and are on file with the Office of the City Clerk, and available for
public review; and,
WHEREAS, these ccu utatians are provided in Exhibit "A" Which is herein
incorporated by reference and attached hereto.
MW ' , THE MY OCJ(IlQC L OF IBE aM OF SAN IDIS OBISPO DOES
RESOLVE AS FOLLOWS:
SFX.TIM 1. The Appropriations Limits for the City of San Luis Obispo for
Fiscal Year 1978-79 thra;gh Fiscal Year 1989-90 are the am=its provided at
Exhibit "A".
SDLRXM 2. The City Cleric shall certify to the adoption of this resclu-
tion and shall cause this resolution and certification to be filed in the
Office of the City Clerk.
On motion of seconded by ,
and on the following roll call vote:
A3 G:
DAPS:
ABSENT:
the foregaing Resolution: was adopted day of , 1989.
ATIM:
Mayor Rom
s Oity Merle
` .
- 7
City tine cer Director of Finance
ate,-A.. -
CITY OF SAN LUIS OBISPO
APPROPRIATION LIMIT HISTORY
FISCAL LIMIT CPI OR POPULATION GROWTH APPROPRIATION ACTUAL BUDGET
YEAR BASE INCOME GROWTH FACTOR LIMITATION SUBJECT TO LIMIT DIFFERENCE
1978-79 $8,018,152 E8,018,152 0
1979-80 8,018,152 1.1017 0.9966 1.0980 8,803,564 6,189,680 2,613,884
1980-81 8,803,564 1.1211 1.0052 1.1269 9,920,998 5,795,468 4,125,530
1981-82 9,920,998 1.0912 1.0103 1.1024 10,937,298 8,296,846 2,640,452
1982-83 10,937,298 1.0679 1.0259 1.0956 11,982,451 8,247,797 3,734,654
1983-84 11,982,451 1.0235 1.0142 1.0380 .12,438,188 9,414,875 3,023,313
1984.85 12,438,188 1.0474 1.0213 1.0697 13;305,250 10,356,484 2,948,766
1985-86 13,305,250 1.0374 1.0204 1.0586 14,084,445 11,451,837 2,632,607
1986-87 14,084,445 1.0230 1.0297 1.0534 14,836,316 13,081,776 1,754,540
1987-88 14,836,316 1.0304 1.0071 1.0377 15,395,880 14,411,701 984,179
1988-89 15,395,880 1.0393 1.0410 1.0819' 16,656,977 15,223,479 1,433,497
1989-90 16,656,977 1.0498 1.0293 1.0806 17,998,848 16,753,800 1,245,048
EXHIBIT "A"