HomeMy WebLinkAbout83-126 - Appropriations Limit for Fiscal Year 1983RESOLUTION NO. 83 -126
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH
• DETERMINING AND ESTABLISHING AN APPROPRIATIONS LIMIT FOR THE
FISCAL YEAR 1983 - '84 IN ACCORDANCE WITH ARTICLE XIII -B OF
THE CONSTITUTION OF THE STATE OF CALIFORNIA AND REVENUE AND
TAXATION CODE SECTION 7910
WHEREAS, Article XIII -B was added to the Constitution
of the State of California at the special State -wide election on
November 6, 1979; and
WHEREAS, Section 7910 was added to the Government Code
of the State of California by Chapter 12.05 of Statutes of 1980,
1979 - '80 Regular Session of the California Legislature; and
WHEREAS, Section 7910 of the Government Code requires
the governing body of each local jurisdiction to adopt, by
resolution, its appropriations limit; and
WHEREAS, the appropriations limit must be adhered to in
preparing and adopting this City's annual budget;
NOW, THEREFORE, the City Council of the City of Newport
Beach does hereby RESOLVE, DETERMINE and ESTABLISH as follows:
SECTION 1: In accordance with Article XIII -B of the
Constitution of the State of California and Section 7910 of the
Government Code of the State of California and as set forth in
detail on the attached Exhibit "A", incorporated herein by this
reference as though fully set forth herein, the appropriations
limit for the fiscal year beginning July 1, 1983 is
$32,162,862.00.
SECTION 2: Said appropriations limit shall be adhered
to in the budget for the 1983 - '84 fiscal year.
• ADOPTED this 12th day of December , 1983.
May
ATT T:
City Clerk
RSP /Finance2
EXHIBIT "A"
COMPUTATION OF APPROPRIATION FOR 1983 -84 FISCAL YEAR
PER ARTICLE XIIIB STATE CONSTITUTION
1. Determination of 1983 -84 Fiscal Year Appropriation Limit
Appropriation Limit for 1982 -83 $30,923,429
Adjust the 1982 -83 Appropriation Limit for increase in
• California Personal per Capita Income
($30,923,429 x 2.35 = $726,701) 726,701
Adjusted Appropriation Limit $31,650,130
Adjust the Adjusted Appropriation Limit for increases in
Population
($31,650,130 x 1.62 = $512,732) 512,732
Appropriation Limit for 1983 -84 Budget $32,162,862
2. Determination of 1983 -84 Actual Appropriations Limit.
Total Governmental Funds Appropriations as Amended $45,899,945
Increase in Reserve 705,645
Sub Total 46,605,590
Less: Non - proceeds of taxes $10,532,625
Retirement - Unfunded Liability 963,165
Computer lease payment 139,984
Internal service funds appropriations 1,027,995
Appropriations from reserves 6,448,712 19,112,481
Total Actual 1983 -84 Appropriations
subject to Limit (as of October 31, 1983) $27,493,109
1983 -84 Appropriation Limit $32,162,862
Proposition 4 has no effect on the City in 1983 -84 since the actual appropriations limit
is less than the appropriations limit as determined by the calculations above.