2012-046 Appropration LimitsRESOLUTION 2012-46
A RESOLUTION OF THE CITY OF ENCINITAS DETERMINING AND
ADOPTING THE APPROPRIATION LIMIT FOR FISCAL YEAR 2012-
13 IN ACCORDANCE WITH ARTICLE XIII-B OF THE
CONSTITUTION OF THE STATE OF CALIFORNIA
WHEREAS, each year the City of Encinitas City Council is required under Section 7910
of Chapter 1205 of the California State Statutes of 1980 to establish an appropriations' limit by
resolution, and
WHEREAS, the City Council desires to make provision for a level of service
commensurate with the needs of the City; and
NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Encinitas
does, hereby, adopt the appropriations' limit for Fiscal Year 2012-13 at $89,137,256, and as
summarized by the schedule attached hereto,
PASSED AND ADOPTED at a meeting of the City Council on the 20th day of June,
2012, by the following vote, to wit.
AYES Barth, Bond, Gaspar, Muir, Stocks.
NAYS None.
ABSENT None
ABSTAIN None
L -
Jerome tocks, Mayor
ATTEST
11
604 I
Kathy H ywood, City Clerk
Attachment B
City of Encinitas
Schedule of Annual Appropriation Limitation
For Fiscal Year 2012-2013
Fiscal year 2011-2012 appropriation limit, adopted $ 85,160,271
A. Per Capita Cost of Living adjustment 1 0377
B Population adjustment 1.0087
Change Factor (A x B) 1.0467
Increase in appropriation limit 3,976,985
Fiscal year 2012-2013 appropriation limit $ 89,137,256
Projected Revenues from Proceeds of Taxes $ 50,601,623
Remaining appropriation capacity $ 38,535,633
Percentage under Appropriation Limitation 43.23%
Article XIIIB of the California Constitution, more commonly known as the Annual
Appropriation Limitation or "Gann Limit", specifies the amount of allowable revenue the City
of Encinitas can appropriate from the proceeds of taxes In accordance with Proposition 111 and
SB 88 (Chapter 60-90) the Appropriation Limitation is calculated utilizing a format based on the
percentage of growth in California Per Capita Income and County population. The City's
Appropriations Subject to the Limit are well below the approved Appropriations Limit. (The
San Dieguito Water District is excluded from the Gann Appropriation Limitation per Resolution
No 90-12.) As part of the City's annual audit, an independent accounting firm reviews the
calculations for compliance