HomeMy WebLinkAboutCouncil Agenda StatementCITY OF NATIONAL CITY, CALIFORNIA
COUNCIL AGENDA STATEMENT
MEETING DATE: June 17, 2014
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 $51,442,646.
PREPARED BY: Mark Roberts, Director of Finance
PHONE: 619-336-4265
EXPLANATION:
DEPARTMENT: Finance
APPROVED BY: �/�'/.P Xa2,��.e5
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 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 1.01%
Change in San Diego County Population 1.23%
FINANCIAL STATEMENT: APPROVED: `.W X�___ Finance
ACCOUNT NO. APPROVED: MIS
Appropriation limit of $51,442,646
ENVIRONMENTAL REVIEW:
This is not a project and, therefore, not subject to environmental review.
ORDINANCE: INTRODUCTION:
FINAL ADOPTION:
STAFF RECOMMENDATION:
Approve and adopt the resolution.
BOARD / COMMISSION RECOMMENDATION:
ATTACHMENTS:
1. Gann Appropriations Limit Calculation Worksheet
2. Resolution