HomeMy WebLinkAboutA200 Appropriation FY 12 (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 APPROVING AND
ADOPTING THE ANNUAL APPROPRIATION LIMIT FOR FISCAL 2011-2012 OF $45,342,955,
PREPARED BY: Tess Limfueco
Financial Service Officer
DEPARTMENT: Finance
APPROVED BY: rcha
PHONE: (6191336-4333
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 annual 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
are used in setting the FY 2011-2012 appropriation limit :
California Per Capita Personal Income 2.51%
Change in San Diego County Population 0.72%
FINANCIAL STATEMENT:
ACCOUNT NO.
N/A
ENVIRONMENTAL REVIEW:
N/A
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
APPROVED: J
APPROVED:
Finance
MIS
STAFF RECOMMENDATION:
Approve and adopt the resolution.
BOARD / COMMISSION RECOMMENDATION:
N/A
ATTACHMENTS:
1. Resolution