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HomeMy WebLinkAbout99-44 - Appropriations LimitRESOLUTION NO. 99- 44 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH • DETERMINING AND ESTABLISHING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 1999 -00 IN ACCORDANCE WITH ARTICLE XIIIB OF THE CALIFORNIA CONSTITUTION AND GOVERNMENT CODE SECTION 7910. r1 �J • WHEREAS, Article XIIIB was added to the California Constitution at the special State -wide election held November 6, 1979 (commonly known as Proposition 4); and WHEREAS, Government Code Section 7910 was added to Chapter 12.05 by Statute at the Regular Session of the California Legislature; and WHEREAS, Proposition 111, which, among other things, provides new annual adjustment formulas for the Appropriations Limit, was approved by the voters in June, 1990, and WHEREAS, The League of California Cities and the State of California Department of Finance have published population and per capita income growth indexes, as well as guidelines for the uniform application of Proposition 111, and WHEREAS, Government Code Section 7910 requires the governing body of each local jurisdiction to adopt, by resolution, its appropriations limit; and WHEREAS, said 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 as follows: Section 1: In accordance with Article XIIIB of the California Constitution and Government Code Section 7910, the appropriations limit for fiscal year commencing 1 July 1999 for the City of Newport Beach is $78,445,375. The computation of appropriations for the 1999 -00 fiscal year are set forth in detail in the attachment hereto, which is incorporated as though fully set forth herein. Section 2: Said appropriations limit shall be adhered to in the City of Newport Beach budget for the 1999 -00 fiscal year. ADOPTED this 14th day of June, 1999. Mayor Attest: 1 i / . uto-2, City Clerk • • • CITY OF NEWPORT BEACH COMPUTATION OF APPROPRIATION LIMIT FOR FISCAL YEAR ENDING 30 JUNE 2000, AS PER ARTICLE XIIIB, CALIFORNIA STATE CONSTITUTION PRIOR YEAR INFLATION POPULATION NEW APPROP. FISCAL YEAR LIMIT ADJUST. (1) ADJUST. (2) LIMIT 1999 -00 $73,740,592 0.0453 0.0177 1 $78,445,375 note (1): Based on California per capita income increases note (2): Based on Orange County population growth CALCULATION OF ESTIMATED PROCEEDS OF TAXES FOR FISCAL YEAR ENDING 30 JUNE 2000 Total Estimated Proceeds of Taxes Less Authorized Exclusions Net Proceeds of Taxes $56,693,880 note (3) $0 $56,693,880 note (3): Since 1999 -00 estimated gross proceeds were substantially less than appropriations limit, exclusions were not calculated. AMOUNT UNDER APPROPRIATIONS LIMIT $21,751,495 • STATE OF CALIFORNIA } COUNTY OF ORANGE } ss. CITY OF NEWPORT BEACH } I, LAVONNE M. HARKLESS, City Clerk of the City of Newport Beach, California, do hereby certify that the whole number of members of the City Council is seven; that the foregoing resolution, being Resolution No. 99 -44, was duly and regularly introduced before and adopted by the City Council of said City at a regular meeting of said Council, duly and regularly held on the 14th day of June, 1999, and that the same was so passed and adopted by the following vote, to wit: Ayes: Adams, Glover, Debay, Ridgeway, Noyes, Mayor O'Neil Noes: None Absent: Thomson Abstain: None IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the • official seal of said City this 15th day of June, 1999. (Seal) • 2610-. m. �1 City Clerk of the City of Newport Beach, California