HomeMy WebLinkAbout88-3 - Appropriations Limit for Fiscal Year 1987-88•
RESOLUTION NO. 88 -3
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH DETERMINING AND ESTABLISHING
AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 1987-
88 IN ACCORDANCE WITH ARTICLE XIII -B OF THE
CALIFORNIA CONSTITUTION AND GOVERNMENT CODE
SECTION 7910
WHEREAS, Article XIII -B was added to the California
Constitution at the special State -wide election held November 6,
1979; and
WHEREAS, Government Code Section 7910 was added to
Chapter 12.05 by Statute at the 1979 -1980 Regular Session of the
California Legislature; 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 ordain as follows:
Section 1: In accordance with Article XIII -B of the
California Constitution and Government Code Section 7910, the
appropriations limit for fiscal year commencing July 1, 1987 for
the City of Newport Beach is $38,631,053. The computation of
appropriations for the 1987 -88 fiscal year are set forth in
detail on the Exhibit "A," attached hereto and incorporated by
reference as though fully set forth herein.
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Section 2: Said appropriations limit shall be adhered
to in the City of Newport Beach budget for the 1987 -88 fiscal
year.
ADOPTED this 11th day of January, 1988.
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1.
EXHIBIT "A "_
DETAILED COMPUTATION
OF
APPROPRIATION LIMIT FOR THE 1978 -89 BASE YEAR
PER ARTICLE XIIIB STATE CONSTITUTION
Determination of 1978 -79 "Base Year" Appropriations Limit.
Analysis of Revenue into Two Categories:
Proceeds of taxes $13,949,938
Non- proceeds of taxes 6.766,796
Total Revenues $20,716,734
Determination of Amounts of User Fees and
Charges Collected in Excess of Costs:
Amount collected in excess of costs -None
Determination of "Proceeds of Taxes" Amount:
Total Governmental Funds revenues $20,716,734
Less: Non- proceeds of taxes 6,766,796
Sub -Total $13,949,938
Add: Excess user fees and charges -0-
Sub -Total $13,949,938
Less: Debt Service Appropriations 32.899
Total - "Proceeds of Taxes" $13,917,039
Determination of 1978 -79 "Base Year"
Appropriations Limit:
Total Governmental Funds appropriations, as amended $28,684,409
Less: Non- proceeds of taxes 6,766,796
Sub -Total $21,917,613
Less: Appropriations not subject to limit 525,154
Sub -Total $21,392,459
Add: Excess user fees and charges -0-
Appropriations subject to limit - 1978 -79 - base year
Permitted growth rate in appropriations (Exhibit B)
Total
Add Unfunded Liability - Retirement
Appropriation subject to limit for the fiscal year
ended June 30, 1988
Estimated Proceeds of Taxes 1987 -88 (Exhibit C)
Amount Under Appropriation Limit
$21,392,459
1.7911
$38,316,034
315,019
38,631,053
38,021,197
$ 609,856
EXHIBIT B
Factor 1987 -88:
U. S. Consumer Price Index 3.045: Converted to a factor 1.0304
Population Growth .685: Converted to a factor 1.0068
Rates of change: 1.0304 x 1.0068 = 1.0374
Multiplied by 1986 -87 Index x 1.7265
Combined Index 1979 -80 through 1987 -88 1.7911
Calculation of
Permitted Growth
Rate in Appropriations for
the Fiscal Year
Ending June 30,
1988
Factor 1987 -88:
U. S. Consumer Price Index 3.045: Converted to a factor 1.0304
Population Growth .685: Converted to a factor 1.0068
Rates of change: 1.0304 x 1.0068 = 1.0374
Multiplied by 1986 -87 Index x 1.7265
Combined Index 1979 -80 through 1987 -88 1.7911
EXHIBIT C
CALCULATION OF ESTIMATED PROCEEDS OF TAXES
FISCAL YEAR ENDING JUNE 30, 1988
Total City Estimated Proceeds of Taxes
Less: Retirement - Unfunded Liability
Computer Lease Payment
Telephone System Lease Payment
Estimated 1987 -88 Proceeds of Taxes
*Page 15/1987 -88 Approved Budget Document
$ 315,019
184,146
118,018
$38,638,380*
617,183
$38,021,197