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Resolution Number 20-06-16-04RESOLUTION NO. 20-06-16-04 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN JUAN CAPISTRANO, CALIFORNIA, ADOPTING ITS ARTICLE XIIIB APPROPRIATIONS LIMITATION (GANN LIMITATION) FOR FISCAL YEAR 2020-21 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 2020-21 is calculated by adjusting the base year appropriations of Fiscal Year 1978-79, with changes in California per capita personal income or non-residential assessed valuation and changes in City or County populations, and the recalculations of the appropriations limitation from the 1986-87 fiscal year as stipulated by Proposition 111; and, WHEREAS, the information regarding the change in non-residential assessed valuation due to new construction from the County of Orange is not available until after the establishment of the Fiscal Year 2020-21 appropriations limitation and the City reserves the right to adjust its Fiscal Year 2020-21 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 2020-21. 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 2020-21 at $87,792,480 as shown in attached Exhibit A. 2. Determine that the amount of the appropriations of the City of San Juan Capistrano for Fiscal Year 2020-21 that are subject to the limitation are $21,996,906; and, 3. Declare that the appropriations of the City of San Juan Capistrano for Fiscal Year 2020-21 that are subject to the limitation do not exceed the limitation. PASSED, APPROVED, AND ADOPTED this 16th day of June 2020. j TROY A. $OURNE, MAYOR ATTEST:I i U"11; MARIA Q IS, CITY CL RK STATE OF CALIFORNIA ) COUNTY OF ORANGE ) ss. CITY 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. 20-06-16-04 was duly adopted by the City Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 16th day of June 2020, by the following vote: AYES: COUNCIL MEMBERS; NOES: UNCIL MEMBERS ABSE T:' UNCIL MEMBERS i RRIS, glT\Y CLERK Reeve, Maryott, Farias, None None 4 Taylor and Mayor Bourne EXHIBIT A 2020-21 APPROPRIATION LIMITATION CALCULATION � i�iI�1�7Z� � : I_r7C�7��f►�il��C�� 2019-20 Limitation x Annual adjustment factors: Population increase (for County) 0.47% 1.0047 Inflation charges (California personal income) 3.73% x 1.0373 Combining adjustment factors 2018-19 Limitation $84,237,651 1.0422 $87,792,480 APPROPRIATIONS SUBJECT TO LIMITATION AND APPROPRIATIONS MARGIN: Budget appropriation 2020-21 $35,732,581 - Less exclusions: Non -proceeds of taxes (13,837,899) Qualified debt services (2,180,660) Qualified capital outlay (1,965,000) Total exclusions (17,983,559) Add change in fund balance 4,247,884 Total appropriations subject to limitation $21,996,906 Appropriations margin $65,795,574 EXHIBIT A