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Resolution Number 21-06-01-06' RESOLUTION NO. 21-06-01-06 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 2021-22 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 Fiscal Year 2021-22 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 2021-22 appropriations limitation and the ' City reserves the right to adjust its Fiscal Year 2021-22 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 2021-22. 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 2021-22 at $88,373,720 as shown in attached Exhibit A. 2. Determine that the amount of the appropriations of the City of San Juan Capistrano for Fiscal Year 2021-22 that are subject to the limitation are $26,420,636; and, 3. Declare that the appropriations of the City of San Juan Capistrano for ' Fiscal Year 2021-22 that are subject to the limitation do not exceed the limitation. PASSED, APPROVED, AND ADOPTED this 1St day of June 2021. JOHWfAYLOR, MAYOR 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. 21-06-01-06 was duly adopted by the City Council of the City of San Juan Capistrano at a Regular meeting thereof, held the 15t day gfllune 2021, by the following vote: 1 11 AYES: UNCI L MEMBERS: Hart, Bourne, Farias and Mayor Taylor NOES:UNCIL MEMBERS: None ABSE UNCIL-MEMBERS: Mayor Pro Tem Reeve S. CITY C 2 ' EXHIBIT A 2021-22 APPROPRIATION LIMITATION CALCULATION 2021-22 APPROPRIATIONS LIMITATION: 2020-21 Limitation x Annual adjustment factors: Population increase (for City) -0.78% 0.9922 Inflation charges (California personal income) 5.73% x 1.0573 Combining adjustment factors 2021-22 Limitation $84,237,651 1.0491 $88,373,720 APPROPRIATIONS SUBJECT TO LIMITATION AND APPROPRIATIONS MARGIN: Budget appropriation 2021-22 $36,817,918 Less exclusions: ' Non -proceeds of taxes (13,818,394) Qualified debt services (2,184,655) Qualified capital outlay 565,000 Total exclusions (15,438,049) Add change in fund balance 5,040,767 Total appropriations subject to limitation $26,420,636 Appropriations margin $61,953,084 EXHIBIT A