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HomeMy WebLinkAboutResolutionRESOLUTION NO. 2014 — RESOLUTION OF THE CITY COUNCIL OF THE CITY OF NATIONAL CITY APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT OF $51,442,646 FOR FISCAL YEAR 2015 WHEREAS Article XIII-B of the California Constitution provides that appropriations made by State and local governments shall be changed annually by a factor comprised of the change in population and the change in the cost of living. NOW, THEREFORE, BE IT RESOLVED that the population change factors to be used in calculating the appropriations limit for Fiscal Year 2015 shall be as set forth in Attachment "1." BE IT FURTHER RESOLVED that the cost of living factors to be used in calculating the appropriations limit for Fiscal Year 2015 shall be as set forth in Attachment ''1." BE IT FURTHER RESOLVED that the appropriation limit for Fiscal Year 2015 shall be $51,442,646, as set forth in Attachment "1." PASSED and ADOPTED this 17th day of June, 2014. Ron Morrison, Mayor ATTEST: Michael R. Dalla, City Clerk APPROVED AS TO FORM: Claudia Gacitua Silva City Attorney Resolution No. 2014 — Attachment 1 June 17, 2014 City of National City Gann Appropriations Limit Fiscal Year 2015 FY 2014 Gann Appropriations Limit $ 50,310,858 California Per Capita Cost of Living Change *** 1.01% Limit Sub -Total $ 50,817,589 San Diego County Population Change *** 1.23% FY 2015 Gann Appropriations Limit $ 51,442,646 Gann Limit Recap Total City Appropriations $ 70,210,130 Less: Non -Tax Proceeds $ 32,694,034 Estimated Appropriations Subject to the Gann Limit $ 37,516,096 FY 2015 Gann Appropriations Limit $ 51,442,646 Amount of Appropriations Below the Gann Limit $ 13,926,550 *3r* Source — State of California, Department of Finance http:Iiwww.dof.ca.govlbudgetinqi