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HomeMy WebLinkAbout2001 063 CC RESO2001 063 CC RESO¹òw @˜‰á2001 RESO 2001-063–"[Hm—Resolution No. 2001-063 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK, CALIFORNIA, SETTING THE ANNUAL APPROPRIATION LIMIT FOR THE FISCAL YEAR 2001/2002. WHEREAS, Article XIIIB of the California Constitution requires the Legislative Body to establish an Appropriations Limit annually beginning with the Fiscal Year ending June 30, 1981; and WHEREAS, the City Council is required by Section 7910 of the Government Code, to establish its Appropriations Limit by Resolution; and WHEREAS, the Appropriations Limit documentation has been available for public inspection for the required fifteen days, in accordance with Section 7910 of the Government Code, prior to the approval of the limit by the Legislative Body. NOW, THEREFORE, the City Council of the City of Baldwin Park does hereby resolve as follows: SECTION 1. The Appropriations Limit for the Fiscal Year 2001/2002 has been determined to be $44,034,405 and was prepared using the change in California's Per Capita personal income price factor of 7.82 and the population percentage factor of 1.81, as provided by the State Department of Finance, pursuant to Sections 2227 and 2228 of the Revenue and Taxation Codes, calculation as of January 2001. SECTION 2. That the City Clerk shall certify to the adoption of this Resolution and the same shall be in full force and effect immediately upon its adoption. PASSED, APPROVED AND ADOPTED by the City Council of the City of Baldwin Park this 20th day of June, 2001. 1_'. y^''V- gy MANUEUfcOZANO, MAYOR- BIB] 37209-U01 2001-U02 RESO-U02 2001-063-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8458-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 BIB] 37425-U01 2001-U02 063-U02 CC-U02 RESO-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8458-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 2001 063 CC RESO¹òw @˜‰á2001 RESO 2001-063–"[Hm—Resolution No. 2001-063 Page 2 ATTEST: STATE OF CALIFORNIA COUNTY OF LOS ANGELES ss. CITY OF BALDWIN PARK I, Rosemary M. Ramirez, Deputy City Clerk of the City of Baldwin Park, do hereby certify that the foregoing resolution was duly and regularly approved and adopted by the City Council of the City of Baldwin Park at an adjourned regular meeting of the City Council on the 20th day of June 2001, by the following vote: AYES: NOES: ABSENT: ABSTAIN: Marlen Garcia, Ricardo Pacheco, Bill Van Cleave, Mayor Manuel Lozano and Mayor Pro Tern Linda Gair COUNCIL MEMBERS: COUNCIL MEMBERS: None COUNCIL MEMBERS: None COUNCIL MEMBERS: None BIB] 37209-U01 2001-U02 RESO-U02 2001-063-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8458-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 BIB] 37425-U01 2001-U02 063-U02 CC-U02 RESO-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8458-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 2001 063 CC RESO¹òw @˜‰á2001 RESO 2001-063–"[Hm— C/TY OF BALDWIN PARK STAFF REPORT BALDWIN P A R- K TO: City Council FROM: Jose Sanchez, Finance Director DATE: June 20. 2001 SUBJECT: Establish Appropriation Limit for Fiscal Year 2001/2002 PURPOSE This Report recommends that the City Council adopt a resolution establishing the City's appropriation limit for Fiscal Year 2001/2002 as required by State Law. BACKGROUND Article XIII.B of the California State Constitution specifies that appropriations made by State and local governments may increase annually by a factor comprised of the change in populations combined with either the change in California per capita personal income or the change in the local assessment roll due to local non-residential construction, whichever is greater. DISCUSSION Data provided by the State Department of Finance indicates that the change in per capita personal income is 7.82% over last year and the population change over last year is 1.81 %. These factors combined will increase the City's annual appropriation limit to $44,034,405 for Fiscal Year 2001/2002. Although the law authorizes the City to spend up to this amount from the proceeds of taxes, the Fiscal Year 2001/2002 budget proposes to appropriate only 31% of this allowable limit. RECOMMENDATION It is recommended that the City Council waive further reading, read by title only and adopt the attached Resolution No. 2001-063 entitled, A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF BALDWIN PARK, CALIFORNIA, SETTING THE ANNUAL APPROPRIATION LIMIT FOR THE FISCAL YEAR 2001/2001." Attachments BIB] 37209-U01 2001-U02 RESO-U02 2001-063-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8458-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 BIB] 37425-U01 2001-U02 063-U02 CC-U02 RESO-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8458-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 2001 063 CC RESO¹òw @˜‰á2001 RESO 2001-063–"[Hm—DETERMINATION OF APPROPRIATION LIMIT FISCAL YEAR 2001-2002 APPROPRIATION LIMIT FOR FY 2001-2002 AJUSTMENT FACTORS. Per Capita Change: 7 82% Ratio Population Change 1.81% Ratio CALCULATION FACTOR FOR FY 2001-2002 ANNUAL APPROPRIATION LIMIT 1.0782 1 0181 1 0977 44,034,405 APPROPRIATION SUBJECT TO LIMITATION FOR FY 2001-2002 Proceeds of Taxes Exclusions Appropriations Subject to Limitation Current Year Limit Over/(Under) Limit TOTAL GENERAL FUND REVENUE TOTAL GENERAL FUND APPROPRIATIONS. PERCENT OF TOTAL APPROPRIATIONS LIMIT- 12,787,025 12,787,025 44,034,405 27,327,566) 14,326,535 13,674,098 31% BIB] 37209-U01 2001-U02 RESO-U02 2001-063-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8458-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 BIB] 37425-U01 2001-U02 063-U02 CC-U02 RESO-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8458-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 2001 063 CC RESO¹òw @˜‰á2001 RESO 2001-063–"[Hm—Appropriations Limit Worksheet #5 Fiscal Year 2001/2002 Amount Source A. Last Years Limit B. Adjustment Factors: 1. Population % 2. Inflation % Total Adjustment C. Annual Adjustment D. Other Adjustments: Lost Responsibility Transfer to Private Transfer Fees Assumed Responsibility +) E. Total Adjustment F. This Years Limit 40,114,591 1.81% 7.82% From worksheet # 4 From State FinanceFromB1*B2 From B*A<A> 1.0977 3,919,814 3,919,814 44,034,405 From C + D From A + E BIB] 37209-U01 2001-U02 RESO-U02 2001-063-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8458-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04 BIB] 37425-U01 2001-U02 063-U02 CC-U02 RESO-U02 LG1-U03 LI3-U03 FO8417-U03 FO8418-U03 DO8458-U03 C6-U03 RESO-U03 11/14/2001-U04 ADMIN-U04