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Resolution Number 14-06-23-03 RESOLUTION NO. 14-06-23-03 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 2014-2015 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 2013/2014 is calculated by adjusting the base year appropriations of Fiscal Year 197811979, 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 1986/1987 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 2014-2015 appropriations limitation and the City reserves the right to adjust its Fiscal Year 2014-2015 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 2014-2015. NOW, THEREFORE, BE IT RESOLVED, that the City Council of the City of San Juan Capistrano does hereby: 1. Establish the appropriations limitation for Fiscal Year 2014-2015 shall be $66,159,952 as shown in attached Exhibit A. 2. Determine the City of San Juan Capistrano Amended Budget Appropriations subject to the limitation for Fiscal Year 2014-2015 shall be $18,340,189; and, 3. Declare the City of San Juan Capistrano Budget Appropriations in the Fiscal Year 2014-2015 do not exceed the limitation. u Page 1 of 2 19 PASSED, APPROVED, AND ADOPTED this 23rtl day of June 2014. SAM ALLEVATO, MAYOR ATT MARIA 1'8, CI CL K 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. 14-06-23-03 was duly adopted by the City Council of the City of San Juan Capistrano at a Adjourned Regular meeting thereof, held the 23rd day of June 2014, by the following vote: ^i AYES: CO NCIL MEMBERS: Byrnes, Reeve, Taylor, Kramer and Mayor Allevato NO NCIL MEMBERS: None ABS C UNCIL MEMBER: None I MA IA RIS, City Cl Page 2 of 2 EXHIBIT A 2014115 APPROPRIATION LIMITATION CALCULATION 2014/2015 APPROPRIATIONS LIMITATION: 2013/2014 Limitation $65,317,358 x Annual adjustment factors: Population increase (for City) 1.52% 1.0152 Inflation charges (California personnel income) (0.23)% (0.0023) Combining adjustment factors 1.0129 2014/2015 Limitation $66,159,952 APPROPRIATIONS SUBJECT TO LIMITATION AND APPROPRIATIONS MARGIN: Budget appropriation 2014/2015 $32,094,022 Less exclusions: i Non-proceeds of taxes (12,744,926) Qualified debt services (2,711,995) Qualified capital outlay (530,000) Total exclusions (15,986,921) Add change in fund balance 2,233,088 Total appropriations subject to limitation $18,340,189 Appropriations margin $47,819,763 EXHIBIT A