HomeMy WebLinkAbout89-116 - Appropriations Limit - Gann Limit•
RESOLUTION NO. 89 -116
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
NEWPORT BEACH DETERMINING AND ESTABLISHING AN
APPROPRIATIONS LIMIT FOR FECAL YEAR 1989 -90 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 resolve 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, 1989 for
the City of Newport
Beach is
$43,120,780.
The
computation of
appropriations for the
1989 -90
fiscal year are
set
forth in detail
on the Exhibit "A," attached hereto and incorporated by reference
as though fully set forth herein.
Section 2: Said appropriations limit shall be adhered
to in the City of Newport Beach budget for 'the 1989 -90 fiscal
year.
ADOPTED this 9th day of October, 1989.
•
Mayor
ATTEST:
,6;.�
City Clerk
EXHIBIT "A"
Appropriations subject to limit - 1978 -79 - base year $21,392,459
Permitted growth rate in appropriations (Exhibit B) x 2.0157
Appropriation subject to limit for the fiscal year ended
•June 30, 1989 $43,120,780
Estimated Proceeds of Taxes 1988 -89 (Exhibit C) 42.149.736
Amount Under Appropriation Limit $ 971.044
EXHIBIT "B,"
Calculation of Permitted Growth Rate in Appropriations
for the Fiscal Year Ending June 30, 1991).
Factor 1989 -90:
U. S. Consumer Price Index 4.98Yo: Converted to a factor 1.0498
Population Growth .54%: Converted to a factor 1.0054
Rates of change: 1.0498 x 1.0054 = 1.0555
Multiplied by 1988 -89 Index x 1.9097
Combined Index 1979 -80 through 1989 -90 2.0157
EXHIBIT "C"
CALCULATION OF ESTIMATED PROCEEDS OF TAXES
FISCAL YEAR ENDING JUNE 30, 1990
Total City Estimated Proceeds of Taxes $42,495,375*
Less: Mandated Costs
Computer Lease Payment
Telephone System Lease Payment
Estimated 1989 -90 Proceeds of Taxes
*Page 15/1989 -90 Approved Budget Document
$ 43,475
184,146
118.018 345.639
$42.149.736