HomeMy WebLinkAbout12-43 - Appropriations Limit for FY 2012-2013RESOLUTION NO. 12-43
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF COSTA MESA, CALIFORNIA, DETERMINING AND
ADOPTING THE APPROPRIATIONS LIMIT FOR FISCAL
YEAR 2012-2013, IN ACCORDANCE WITH ARTICLE
XIII -B OF THE CONSTITUTION OF THE STATE OF
CALIFORNIA, AS AMENDED BY PROPOSITION 111
AND SENATE BILL 88.
THE CITY COUNCIL OF THE CITY OF COSTA MESA DOES HEREBY
RESOLVE AS FOLLOWS:
WHEREAS, Article XIII -B was added to the Constitution of the State of California
at a general election held on November 6, 1979; and
WHEREAS, Article XIII -B was subsequently modified by Proposition 111 and
Senate Bill 88 (Chapter 60/90) at a general election held on June 5, 1990; and
WHEREAS, in accordance with Section 7910 of the Government Code of the
State of California, an annual appropriations limit must be established for this City
effective for the fiscal year beginning July 1, 2012; and
WHEREAS, the City has chosen to use the California per capita income
percentage change of 3.77% and the County's population growth rate of 0.89% as the
factors to be used in calculating its appropriations limit for Fiscal Year 2012-2013; and
WHEREAS, these factors are applied to the City's adopted appropriations limit
for Fiscal Year 2011-2012 in determining the City's appropriations limit for Fiscal Year
2012-2013;
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Costa
Mesa as follows:
The appropriations limit for Fiscal Year 2012-2013 is established at
$179,779,540.00.
PASSED AND ADOPTED this 19th day of June, 2012.
Eric R. Bever, Mayor
ATTEST:
-ajv& em�
Brenda Green,
Interim City Clerk
APPROVED AS TO FORM:
Thom6s' Du rt ity Attorney
STATE OF CALIFORNIA )
COUNTY OF ORANGE ) ss
CITY OF COSTA MESA )
I, BRENDA GREEN, Interim City Clerk of the City of Costa Mesa, DO HEREBY
CERTIFY that the above and foregoing is the original of Resolution No. 12-43 and was
duly passed and adopted by the City Council of the City of Costa Mesa at a regular
meeting held on the 19th day of June, 2012, by the following roll call vote, to wit:
AYES: COUNCIL MEMBERS
NOES: COUNCIL MEMBERS
ABSENT: COUNCIL MEMBERS
BEVER, RIGHEIMER, LEECE, MENSINGER,
MONAHAN
NONE
NONE
IN WITNESS WHEREOF, I have hereby set my hand and affixed the seal of the
City of Costa Mesa this 20th day of June, 2012.
VJf""Oi A- 4jm. ,
BRENDA GREEN,
INTERIM CITY CLERK
(SEAL)
CITY OF COSTA MESA
CALCULATION OF APPROPRIATIONS LIMIT
FOR FY 2012-2013
The City's Appropriations Limit for FY 12-13 is calculated as follows:
Step 1 Appropriations Limit for FY 11-12
Multiply the FY 11-12 Appropriations Limit by the cumulative growth
factors for changes in the California per capita personal income and the
Step 2 population change for the City of Costa Mesa.
Appropriations Limit for FY 12-13
*CALCULATION OF CUMULATIVE GROWTH FACTORS:
Personal Income Factor
Orange County Population Change
Costa Mesa Population Change
(1.0377 x 1.0089) _ *
Per capita converted to ratio (3.77+100/100)
Orange County Population converted to ratio (0.89+100/100)
Costa Mesa Population converted to ratio (0.71+100/100)
EXHIBIT A
171,719,781
1.0469 *
$ 179,779,540
1.0377
1.0089
1.0071
1.0469
1.0377
1.0089
1.0071