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Resolution Number 17-06-20-06RESOLUTION NO. 17-06-20-06 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 2017-18 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 2017-18 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 2017-18 appropriations limitation and the City reserves the right to adjust its Fiscal Year 2017-18 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 2017-18. 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 2017-18 at $77,109,541 as shown in attached Exhibit A. 2. Determine that the amount of the appropriations of the City of San Juan Capistrano for Fiscal Year 2017-18 that are subject to the limitation are $20,736,881; and, 3. Declare that the appropriations of the City of San Juan Capistrano for Fiscal Year 2017-18 that are subject to the limitation do not exceed the limitation . 1 PASSED, APPROVED, AND ADOPTED this 20 1h day of June 2017 . ATTEST: M 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. 17-06-20-06 was duly adopted by the Cit~ Council of the City of San Juan Capistrano at the Regular meeting thereof, held the 201 day of June 2017, by the following vote : AYES: COUNCIL MEMBERS : NOES: COUNCIL MEMBERS : ABSENT : COUNCI .--EMBERS: Cl~fl MARIA MORRIS, Reeve, Maryott, Farias and Mayor Ferguson Patterson None 2 EXHIBIT A 2017-18 APPROPRIATION LIMITATION CALCULATION 201 7-1 8 APPRO PR IA T IONS LIMITATI ON : 2016-17 Limitation x Annual adjustment factors: Population increase (for County) Inflation charges (California personal income) Combining adjustment factors 2017-18 Limitation $73,852,640 0.69% 1.0069 3.69% X 1.0369 X 1.0441 $77,109,541 APPROPRIATIONS SUBJECT TO LIMITATION AND APPROPRIATIONS MARGIN: Budget appropriation 2017-18 Less exclusions: Non-proceeds of taxes Qualified debt services Qualified capital outlay Total exclusions Add change in fund balance Total appropriations subject to limitation Appropriations margin (9,914,444) (2, 1 02,680) (1 ,802,000) $33,809,235 (13,819,124) 746,770 $20,736,881 $56,372,660 EXHIBIT A