HomeMy WebLinkAboutCC Reso No 2017-075 Establishing GANN Limit 2017-18RESOLUTION NO. 2017 — 075
RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, ESTABLISHING THE APPROPRIATIONS GANN LIMIT FOR FY
2017 -18 AND SELECTING THE POPULATION AND INFLATION FACTOR
ACCORDINGLY
Whereas, Proposition 4, the "Gann Limit" Initiative, was approved by voters on November 6, 1979
in a statewide special election ballot as an initiated constitutional amendment which would limit the
growth in appropriations made by the state and individual local governments. The limit in the rate
of growth is the percentage increase in the cost of living and the percentage increase in the state
or local government's population. Require state and local governments to return any funds to
taxpayers in excess of the amount appropriated for a given fiscal year. Require the state to
reimburse local governments for the cost of complying with state mandates.
NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE DOES HEREBY
RESOLVE, DETERMINE AND ORDER AS FOLLOWS:
Section 1. The Appropriations Limit will be calculated based on the changes in City population
and California per capita personal income.
Section 2. The Appropriations Limit for the City of Lake Elsinore for FY 2017 -18, attached hereto,
(Exhibit A) is hereby adopted.
Section 3. The City Clerk shall certify to the adoption of this Resolution and enter it into the book
of original Resolutions.
Passed and Adopted on this 13th day of June, 2017.
A --
Susan M. Domen, MMC
City Clerk
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Susan M. Domen, MMC, City Clerk of the City of Lake Elsinore, California, do hereby certify that
Resolution No. 2017 -075 was adopted by the City Council of the City of Lake Elsinore, California,
at the Regular meeting of June 13, 2017, and that the same was adopted by the following vote:
AYES: Council Members Manos and Tisdale; Mayor Pro Tern Johnson and Mayor Magee
NOES: None
ABSENT: Council Member Hickman
ABSTAIN: None
f
Susan M. Domen, MMC
City Clerk
REVENUE SOURCE
TAXES
Sales (1)
Property (2)
Property Transfer Tax
Franchise Tax
Other Tax
Fire Tax Credit
Special Assessments
FEES
Fees, Licenses & Permits
Intergovernmental
Fines & Forfeitures
Reimbursements
Other
Total
% of Total
EXHIBIT A
CITY OF LAKE ELSINORE
APPROPRIATIONS (GANN) LIMIT
PROCEEDS OF TAX CALCULATION
FISCAL YEAR 2017 -18
BUDGETED BUDGETED
$ 9,038,000
PROCEEDS NON - PROCEEDS
TOTAL
OF TAX OF TAX
REVENUE
$ 10,230,112
$ 10,230,112
7,599,044
7,599,044
337,486
337,486
2,755,808
2,755,808
508,800
508,800
2,583,134
2,583,134
3,687,624
3,687,624
27,702,007
64.22%
$ 9,038,000
$ 9,038,000
217,935
217,935
1,216,491
1,216,491
3,075,121
3,075,121
1,887.632
1.887,632
15,435,179
$ 43,137,186
35.78%
100.00%
Investment Earnings $ 70,801 $ 39,449 $ 110,251
Adjusted Total 27,772,809 15,474,628 $ 43,247,437
Revenues are based on FY 2017 -18 Proposed Budget.
Notes:
(1) Includes Property Tax In -Lieu of Sales Tax
(2) Includes Property Tax In -Lieu of Vehicle License Fees and Parcel Tax
CITY OF LAKE ELSINORE
APPROPRIATIONS (GANN) LIMIT
FISCAL YEAR 2017 -18
APPROPRIATIONS SUBJECT TO THE LIMIT
FY 2017 -18 Total Revenue*
Less Non - Proceeds of Tax
A) Total Appropriations Subject to the Limit
APPROPRIATIONS LIMIT
B) FY 2016 -17 Appropriations Limit
C) Change Factor **
Cost of Living Adjustment - CPI
Population Adjustment - PA
Change Factor (CPI x PA)
D) Increase (decrease) in Appropriations Limit
E) FY 2017 -18 Appropriations Limit (B x C)
REMAINING APPROPRIATIONS CAPACITY
(E - A)
Remaining Capacity as Percent of the FY 2017 -18
Appropriations Limit
*Revenues are based on FY 2017 -18 Proposed Budget.
** State Department of Finance
Percent of Change in California Per Capita Income
Percent of Change in City of Lake Elsinore Population
% Increase Factor
3.69 1.0369
2.00 1.0200
1.0576
EXHIBIT B
$ 43,247,437
15,474,628
$ 27,772,809
86,752,899
$ 7,547,502
$ 94,300,401
$ 66,527,593
70.55%
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