HomeMy WebLinkAbout2002-41 - Appropriations Limit FY 2002-03RESOLUTION NO. 2002- 41
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH DETERMINING
AND ESTABLISHING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2002 -03 IN
ACCORDANCE WITH ARTICLE XIIIB OF THE CALIFORNIA CONSTITUTION AND
GOVERNMENT CODE SECTION 7910.
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 2002 for the City of Newport Beach is
$94,769,006. The computation of appropriations for the 2002 -03 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 2002 -03 fiscal year.
ADOPTED this 11th day of June, 2002.
ATTEST: `j('/ (l�U iVll.�, ✓' / . �✓C2 %F '� ✓J
City Clerk
Mayor
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CITY OF NEWPORT BEACH
COMPUTATION OF APPROPRIATION LIMIT FOR
FISCAL YEAR ENDING 30 JUNE 20031
AS PER ARTICLE XIIIB, CALIFORNIA STATE CONSTITUTION
Mcrm VrAo
2002 -03
note (1):
note (2):
PRIOR YEAR INFLATION POPULATION
LIMIT ADJUST. (1) ADJUST. (2)
NEW APPROP.
LIMIT
$94,050,612 - 0.0127 0.0206 1 $94,769,006
Based on California per capita inccme increases
Based on Orange County population growth
CALCULATION OF ESTIMATED PROCEEDS OF TAXES FOR
FISCAL YEAR ENDING 30 JUNE 2003
Total Estimated Proceeds of Taxes $72,885,087
Less Authorized Exclusions
Net Proceeds of Taxes
note (3) $0
$72,885,087
note (3): Since 2002 -03 estimated gross proceeds were substantially less than
appropriations limit, exclusions were not calculated.
AMOUNT UNDER APPROPRIATIONS LIMIT 1$21,883,919
STATE OF CALIFORNIA }
COUNTY OF ORANGE
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. 2002 -41 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
11th day of June, 2002, and that the same was so passed and adopted by the following vote, to wit:
Ayes: Heffernan, O'Neil, Bromberg, Glover, Adams, Proctor, :Mayor Ridgeway
Noes: None
Absent: None
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 12th day of June, 2002.
(Seal)
City Clerk
Newport Beach, California