HomeMy WebLinkAbout85-102 - Appropriations Limit for Fiscal Year 1985-86RESOLUTION NO. 85 -102
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF NEWPORT BEACH DETERMINING AND ESTABLISHING
AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 1985-
86 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, 1985 -86
for the City of Newport Beach is $35,143,115.00. The computation
of appropriations for the 1985 -86 fiscal year are set forth in
detail on the Exhibit "A," attached hereto and incorporated by
• reference as though fully set forth herein.
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Section 2: Said appropriations limit shall be adhered
to in the City of Newport Beach budget for the 1985 -86 fiscal
year.
E
ADOPTED this 9th de
ATTEST:
� ° C
City Clerk
0
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EXHIBIT "A"
COMPUTATION OF APPROPRIATION FOR 1985 -86 FISCAL YEAR
PER ARTICLE XIII -B STATE CONSTITUTION
1. Determination of 1985 -86 Fiscal Year
Appropriation Limit
Appropriation Limit for 1984 -85 $33,852,450
Adjust the 1984 -85 Appropriation
Limit for increase in CPI
($32,852,450 x 3.74% _ $1,266,082) 1,2662082
Adjusted Appropriation Limit $35,118,532
Adjust the Adjusted Appropriation
Limit for increases in Population
($35,118,532 x .07% _ $24,583) $ 24,583
Appropriation Limit for 1985 -86
Budget $35,143,115
2. Determination of 1985 -86 Actual
Appropriations Limit
Total Governmental Funds Appropriations
as Amended $5112999092
Increase in Reserve 1,467,845
Sub Total $529766,937
Less:
Non - proceeds of taxes $11,291,605
Retirement - Unfunded
Liability 1,013,416
Computer lease
payment 139,984
Telephone system
lease payment 1189018
Internal service
funds appropriations 1,215,975
Appropriations from
reserves 7,667,030 $21,466,028
Total Actual 1985 -86 Appropriations subject
to Limit (as of October 31, 1985) $31,320,909
1985 -86 Appropriation Limit 35,143,115
• Proposition 4 has no effect on the City in 1985 -86 since the
actual appropriations limit is less than the appropriations limit
as determined by the calculations above.
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