HomeMy WebLinkAbout2005-33 - Appropriations LimitRESOLUTION NO. 2005- 33
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NEWPORT BEACH
DETERMINING AND ESTABLISHING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2005-
06 IN ACCORDANCE WITH ARTICLE XIIIB OF THE CALIFORNIA CONSTITUTION AND
GOVERNMENT CODE SECTION 7910.
WHEREAS, Article XIIIB was added to the California Constitution at the special
State -wide election held November 6, 1979 (commonly known as Proposition 4); and
WHEREAS, Government Code Section 7910 was added to Chapter 12.05 by
Statute at the Regular Session of the California Legislature; and
WHEREAS, Proposition 111, which, among other things, provides new annual
adjustment formulas for the Appropriations Limit, was approved by the voters in June, 1990, and
WHEREAS, The League of California Cities and the State of California
Department of Finance have published population and per capita income growth indexes, as well
as guidelines for the uniform application of Proposition 111, 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 XIIIB of the California Constitution and
Government Code Section 7910, the appropriations limit for fiscal year commencing 1 July 2005
for the City of Newport Beach is $119,548,685. The computation of appropriations for the 2005-
06 fiscal year are set forth in detail in the attachment hereto, which is incorporated as though
fully set forth herein.
Section 2: Said appropriations limit shall be adhered to in the City of Newport
Beach budget for the 2005 -06 fiscal year.
0
City Clerk
CITY OF NEWPORT BEACH
COMPUTATION OF APPROPRIATION LIMIT FOR
FISCAL YEAR ENDING 30 JUNE 2006,
AS PER ARTICLE XIIIB, CALIFORNIA STATE CONSTITUTION
FISCAL YEAR
PRIOR YEAR
LIMIT
INFLATION POPULATION
ADJUST. (1) ADJUST. (2)
2005 -06 $112,305,605 0.0526 0.0113
note (1): Based on California per capita income increases
note (2): Based on Orange County population growth
NEW APPROP.
LIMIT
$119,548,685
CALCULATION OF ESTIMATED PROCEEDS OF TAXES FOR
FISCAL YEAR ENDING 30 JUNE 2006
Total Estimated Proceeds of Taxes $90,725,264
Less Authorized Exclusions
Net Proceeds of Taxes
note (3) $0
$90,725,264
note (3): Since 2005 -06 estimated gross proceeds were substantially less than
appropriations limit, exclusions were not calculated.
AMOUNT UNDER APPROPRIATIONS LIMIT $28,823,421
STATE OF CALIFORNIA }
COUNTY OF ORANGE } ss.
CITY OF NEWPORT BEACH
I, LaVonne M. Harkless, City Clerk of the City of Newport Beach, California, do
hereby certify that the whole number of members of the City Council is seven; that the foregoing
resolution, being Resolution No. 2005 -33 was duly and regularly introduced before and adopted by
the City Council of said City at a regular meeting of said Council, duly and regularly held on the
14th day of June 2005, and that the same was so passed and adopted by the following vote, to wit:
Ayes: Heffernan, Rosansky, Webb, Ridgeway, Daigle, Nichols, Mayor Bromberg
Noes: None
Absent: None
Abstain: None
IN WITNESS WHEREOF, I have hereunto subscribed my name and affixed the
official seal of said City this 15th day of June 2005.
(Seal)
City Clerk
Newport Beach, California