HomeMy WebLinkAboutCC Reso No 2020-071 FY 2020-21_GANN_Appropriations_Limit (2)RESOLUTION NO. 2020-71
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, ESTABLISHING THE APPROPRIATIONS GANN LIMIT FOR FISCAL
YEAR 2020-21 AND SELECTING THE POPULATION AND INFLATION FACTOR
ACCORDINGLY
Whereas, Voters approved Proposition 4, the “Gann Limit” Initiative, 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 2020-21, attached hereto,
(Exhibit A) is hereby adopted.
Section 3. The City Clerk shall certify to the adoption of this Resolution and shall cause a
certified Resolution to be filed in the office of the City Clerk.
Passed and Adopted at a regular meeting of the City Council of the City of Lake Elsinore,
California, this 23rd day of June 2020.
Brian Tisdale
Mayor
Attest:
Candice Alvarez, MMC
City Clerk
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CC Reso. No. 2020-71
Page 2 of 2
STATE OF CALIFORNIA )
COUNTY OF RIVERSIDE ) ss.
CITY OF LAKE ELSINORE )
I, Candice Alvarez, MMC City Clerk of the City of Lake Elsinore, California, do hereby certify that
Resolution No. 2020-71 was adopted by the City Council of the City of Lake Elsinore, California,
at the Regular meeting of June 23, 2020 and that the same was adopted by the following vote:
AYES: Council Members Manos, Johnson, and Sheridan; Mayor Pro-Tem Magee; and
Mayor Tisdale
NOES: None
ABSENT: None
ABSTAIN: None
Candice Alvarez, MMC
City Clerk
DocuSign Envelope ID: F7CDA8BD-004B-41B8-950B-D8F988C67958
2019 - 2020 Appropriations Limit:101,303,848$
Price/Population Factor for FY 2020-2021: X =1.0421753
2020-2021 Appropriations Limit:105,576,368$
Amount subject to the limit -$
Is the amount subject to the limit below the limit?Yes
B
Change in Per
Capita Personal
Income:B
City
Population
Factor:
3.73 0.47
2020 - 2021 factors
converted to a ratio:1.0373 1.0047
Appropriations Limit
6/30/2020
City of Lake Elsinore
DocuSign Envelope ID: F7CDA8BD-004B-41B8-950B-D8F988C67958