HomeMy WebLinkAboutA200 Approving and Adopting the annual appropriation (Finance)CITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: June 18, 2013
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 Year 2014 of $50,310,858.
PREPARED BY: Mark Roberts DEPARTMENT: Final
PHONE: 619-336-4265 APPROVED BY: L(-`'%rvt _(24de' j
EXPLANATION:
State law requires the governing body of each focal 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 the population of the local jurisdiction's county and the percentage change in California per
capita income.
Based on information provided by the State Department of Finance, the following percentage changes
are used in setting the Fiscal Year 2014 appropriation limit:
California Per Capita Personal Income 5.12%
Change in San Diego County Population .80%
FINANCIAL STATEMENT:
ACCOUNT NO.
Appropriation of $50,310,858
APPROVED: s Finance
APPROVED:
ENVIRONMENTAL REVIEW:
This is not a project and, therefore, not subject to environmental review.
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
MIS
STAFF RECOMMENDATION:
Approve and adopt the resolution.
BOARD / COMMISSION RECOMMENDATION:
ATTACHMENTS:
1. Resolution