HomeMy WebLinkAbout86-103 - Appropriations LimitRESOLUTION NO. 86 -103
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH DETERMINING AND ESTABLISHING
AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 1986-
87 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, 1986 -87
for the City of Newport Beach is $36,368,443.00. The computation
of appropriations for the 1986 -87 fiscal year are set forth in
detail on the Exhibit "A," attached hereto and incorporated by
• reference as though fully set forth herein.
-1-
Section 2: Said appropriations limit shall be adhered
to in the City of Newport Beach budget for the 1986 -87 fiscal
• year.
ADOPTED this 8th day of December, 1986.
-2-
EXHIBIT "A"
COMPUTATION OF APPROPRIATION FOR 1986 -87 FISCAL YEAR
PER ARTICLE XIII -B STATE CONSTITUTION
1. Determination of 1986 -87 Fiscal Year
Appropriation Limit
Appropriation Limit for 1985 -86 $35,143,115
Adjust the 1984 -85 Appropriation
Limit for increase in CPI
($35,143,115 x 2.3% _ $808,292) 808,292
Adjusted Appropriation Limit $35,951,407
Adjust the Adjusted Appropriation
Limit for increases in Population
($35,951,407 x 1.16% _ $417,036) $ 417,036
Appropriation Limit for 1986 -87'
Budget $36,368,443
2. Determination of 1986 -87 Actual
Appropriations Limit
Total Governmental Funds Appropriations
as Amended $63,359,422
Increase in Reserves 1,229,865
Sub Total $64,589,287
Less:
Non - proceeds of taxes
$17,775,911
Retirement- Unfunded
Liability
1,002,168
Computer lease
payment
152,660
Telephone system
lease payment
118,018
Internal service
funds appropriations
1,337,725
Appropriations from
reserves
9.414.761 $29.801.243
Total Actual 1986 -87 Appropriations subject
to Limit (as of October 31, 1986) $34,788,044
1986 -87 Appropriation Limit 36,368,443
• Proposition 4 has no effect on the City in 1986 -87 since the
actual appropriations limit is less than the appropriations limit
as determined by the calculations above.
-3-