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Resolution Number 15-06-15-05 RESOLUTION NO. 15-06-15-05 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 2015-16 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 2015-16 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 2015-16 appropriations limitation and the City reserves i the right to adjust its Fiscal Year 2015-16 limitation as information regarding the change Uin 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 2015-16. 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 2015-16 at $69,401,790 as shown in attached Exhibit A. 2. Determine the City of San Juan Capistrano Amended Budget Appropriations subject to the limitation for Fiscal Year 2015-16 shall be $19,742,531; and, 3. Declare the City of San Juan Capistrano Budget Appropriations in the Fiscal Year 2015-16 do not exceed the limitation. PASSED, APPROVED, AND ADOPTED this 1 h day sof June 2015. i DEREK REEVE, MAYOR ATTES t I 1 MA R S, 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. 15-06-15-05 was duly adopted by the Cit Council of the City of San Juan Capistrano at the Special meeting thereof, held the 15` day of June 2015, by the following vote: AYES: COUNCIL MEMBERS: Allevato, Ferguson, Perry, Patterson and Mayor Reeve NOE OUNCIL MEMBER: None ABSE T: OUNCIL MEMBER: None MART I , City Cle k EXHIBIT A L; 2015-16 APPROPRIATION LIMITATION CALCULATION 2015-16 APPROPRIATIONS LIMITATION: 2014-15 Limitation $66,159,952 x Annual adjustment factors: Population increase (for County) 1.08% 1.0108 Inflation charges (California personal income) 3.82% 0.0382 Combining adjustment factors 1.0490 2015-16 Limitation $69,401,790 APPROPRIATIONS SUBJECT TO LIMITATION AND APPROPRIATIONS MARGIN: Budget appropriation 2015-16 $36,629,955 Less exclusions: Non-proceeds of taxes (14,894,624) Qualified debt services (2,708,035) Qualified capital outlay (1,162,980) Total exclusions (18,765,639) Add change in fund balance 1,878,215 Total appropriations subject to limitation $19,742,531 Appropriations margin $49,659,259 i EXHIBIT A