HomeMy WebLinkAboutA200 Rev Appropriation FY11 (Finance)CITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: June 21,2011
AGENDA ITEM NO.
ITEM TITLE:
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY REVISING THE
POPULATION FACTOR USED IN CALCULATING THE FY 2010-11 ANNUAL APPROPRIATION
LIMIT FROM $1.24% TO 1.41% AND ADOPTING THE REVISED APPROPRIATION LIMIT FOR
FY2010-2011 OF $43,916,515'
PREPARED BY: Tess Limfueco DEPARTMENT: Finance
APPROVED BY: .,
Financial Service Officer
PHONE: ;(6191 336-4333
EXPLANATION:
State law requires the governing body of each local jurisdiction to establish its appropriation limit, also
known as the Gann Limit, by resolution each year. The Gann limit sets a cap on the amount of local
government spending that may be financed from proceeds of taxes.
The Gann Limit is based on the previous year's appropriation limit multiplied by the percentage change
in population and percentage change in the California per capita income.
Based on information provided by the State Department of Finance, the following percentage changes
should have been used in setting the FY2010-2011 appropriation limit :
California Per Capita Personal Income -2.54%
Change in San Diego County Population 1.41 %
FINANCIAL STATEMENT: APPROVED:
ACCOUNT NO. APPROVED:
N/A
ENVIRONMENTAL REVIEW:
N/A
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
Finance
MIS
STAFF RECOMMENDATION:
Approve the resolution.
BOARD / COMMISSION RECOMMENDATION:
N/A
ATTACHMENTS:
1. Resolution