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Resolution Number 18-06-11-05RESOLUTION NO. 18-06-11-05 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, ADOPTING ITS ARTICLE X11113 APPROPRIATIONS LIMITATION (GANN LIMITATION) FOR FISCAL YEAR 2018-19 WHEREAS, the voters of California on November 6, 1979, added Article XIIIB to the State Constitution placing various limitations on the appropriations of the State and local governments; and, WHEREAS, Article XIIIB provides that the appropriations limitation for the Fiscal Year 2018-19 is calculated by adjusting the base year appropriations of Fiscal Year 1978-79, if desired, with changes in California per capita personal income or non- residential assessed valuation and changes in City or County populations, and the recalculations of appropriations limitation from the 1986-87 fiscal year stipulated by Proposition 111; and, WHEREAS, the information regarding the change in non-residential assessed valuation from the County of Orange is not available until after the establishment of the Fiscal Year 2018-19 appropriations limitation and the City reserves the right to adjust its Fiscal Year 2018-19 limitation as information regarding the change in non-residential assessed valuation due to new construction is made available by the County of Orange; and, WHEREAS, the information necessary for making these adjustments is attached as Exhibit A; and, WHEREAS, the City of San Juan Capistrano has complied with all the provisions of Article XIIIB and amendments thereto per Proposition 111 in determining the appropriations limitation for Fiscal Year 2018-19. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San Juan Capistrano does hereby: 1. Set the appropriations limitation for Fiscal Year 2018-19 at $80,494,650 as shown in attached Exhibit A. 2. Determine that the amount of the appropriations of the City of San Juan Capistrano for Fiscal Year 2018-19 that are subject to the limitation are $20,806,057; and, 3. Declare that the appropriations of the City of San Juan Capistrano for Fiscal Year 2018-19 that are subject to the limitation do not exceed the limitation. 6/11/2018 PASSED, APPROVED, AND ADOPTEO this 11th day of June 2018. SERGIO FARIAS, MAYOR ATTEST: (I �- (-LTC Y MXRIXMOR—kISXM CLERK STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. COUNTY OF SAN JUAN CAPISTRANO) I, Maria Morris, appointed City Clerk of the City of San Juan Capistrano, do hereby certify that the foregoing Resolution No. 18-06-11-05 was duly adopted by the City Council of the City of San Juan Capistrano at an Adjourned Regular meeting thereof, held the 11th day of June 2018, by the following vote: AYES: COUNCIL MEMBERS: Ferguson, Reeve, Maryott and Mayor Farias NOES: COUNCIL MEMBERS: Patterson ABSENT: COUNCIL MEMBERS: None MA NA MOR S, CLERK 2 6/11/2018 EXHIBIT A 2018-19 APPROPRIATION LIMITATION CALCULATION 2018-19 APPROPRIATIONS LIMITATION: 2017-18 Limitation $77,109,541 x Annual adjustment factors: Population increase (for County) 0.69% 1.0069 Inflation charges (California personal income) 3.67% x 1.0367 Combining adjustment factors 1.0439 2018-19 Limitation$80,494,650 APPROPRIATIONS SUBJECT TO LIMITATION AND APPROPRIATIONS MARGIN: Budget appropriation 2018-19 Less exclusions: Non -proceeds of taxes Qualified debt services Qualified capital outlay Total exclusions Add change in fund balance Total appropriations subject to limitation (11,789,685) (2,169,885) 0 $32,476,494 (13,959,570) 2,289,133 $20,806,057 Appropriations margin $59,688,593