HomeMy WebLinkAboutO. APPENDIXAPPENDIX A
RESOLUTION N0.02-38
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF SAN DIMAS
ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2002-03
AND APPROPRIATE EXCESS REVENUES
WHEREAS, the City Council of the City of San Dimas is authorized under
the provisions of Article XIIIB of the California Constitution to adopt an Appropriation
Limit for fiscal year 2002-03; and
WHEREAS, implementation of Proposition 111 and SB88 (Chapter 60/90)
modified the annual adjustment factors to be either the growth in California per capita
personal income or the growth in nonresidential assessed valuation due to construction
in the City; and
WHEREAS, the growth of the California's per capita personal income
applicable to the fiscal year 2002-03 Limit is -1.27% or a factor of 0.9873 and is less than
the growth of non-residential assessed valuation due to new construction in the City;
and
WHEREAS, the population factor under Proposition 111 is the change in
population in the City or in the County; and
WHEREAS, the City's change in population provided by the State
Department of Finance applicable to the fiscal year 2002-03 Limit is 1.43% or a factor of
1.0143% and is less than the County growth which is 1.77% or a factor of 1.0177; and
WHEREAS, the fiscal year 2001-02 Appropriations Limit of $42,905,395
shall be used as the base coward calculating the Limit for fiscal year 2002-03; and
NOW, THEREFORE, the City Council does resolve to use the change in
California per capita personal income and the City's population change to compute the
Appropriations Limit for fiscal year 2002-03; and
NOW, THEREFORE, the City Council of the City of San Dimas does resolve
that the Appropriations Limit for tiscal year 2002-03 shall be $42,966,234; and there is
hereby appropriated a reserve for contingencies, special projects or land acquisitions of
all revenues subsequently received by City funds in excess of the 2002-03 appropriations
up to the Appropriations Limit in the following funds: 1, 2, 6-8, 12, 20-23, 27-29, 40-42, 53,
70-73.
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Resolution No. 02-38
Page 2
Per Capita Personal Income Change:
City Population Change
Ratio of Change 0.9873 x
-1.27% = 0.9873 ratio
1.43% = 1.0143 ratio
1.0143 = 1.001418
Appropriations Limit 2001-02
Ratio of Change
Appropriations Limit 200:!-03
_ $42,905,395
x 1.001418
_ $42,966,234
APPROVED AND ADOPTED this 11`" day of June, 2002.
Mayor of the City of San Dimas
ATT ST:
,~
City Clerk
I HEREBY CERTIFY that the foregoing Resolution was adopted by vote of
the City Council of the City of San Dimas at its regular meeting of June 11, 2002 by the
following vote:
AYES: Councilmernbers Bertone, Ebiner, McHenry, Templeman, Morris
NOES: None
ABSENT: None
ABSTAIN: None ~•'~ ~
City Clerk
Appropriations subject t~~ Limit 2002-03 X6.404,346
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