HomeMy WebLinkAbout2022-064 FY 2022-23 Appropriations GANN LimitRESOLUTION NO. 2022-64
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF LAKE ELSINORE,
CALIFORNIA, ESTABLISHING THE APPROPRIATIONS GANN LIMIT FOR FY
2022-23 AND SELECTING THE POPULATION AND INFLATION FACTOR
ACCORDINGLY
Whereas, the voters of California, on November 6, 1979, approved Proposition 4, the
“Gann Limit” Initiative adding Article XIII-B to the State Constitution placing various limitations
on the the growth in appropriations, made by the state and individual local governments; and
Whereas, Article XIII-B provides that the appropriations limit for the Fiscal Year 2022-23
is calculated by adjusting the base year appropriations of Fiscal Year 1978-79 for changes in
the cost of living and and the percentage increase in the state or local government's population;
and
Whereas, Proposition 111, passed by the voters of California on June 5, 1990, requires
the City Council to select the adjustment factors each year; and
Whereas,. Article XIII-B requires state and local governments to return any funds to
taxpayers in excess of the amount appropriated for a given fiscal year.
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 2022-23,
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 28th day of June 2022.
Timothy J. Sheridan
Mayor
Attest:
Candice Alvarez, MMC
City Clerk
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CC Reso. No. 2022-64
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. 2022-64 was adopted by the City Council of the City of Lake Elsinore,
California, at the Regular meeting of June 28, 2022 and that the same was adopted by the
following vote:
AYES: Council Members Magee, Tisdale, and Manos; Mayor Pro Tem Johnson; and Mayor
Sheridan
NOES: None
ABSENT: None
ABSTAIN: None
Candice Alvarez, MMC
City Clerk
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CITY OF LAKE ELSINORE
6/30/2023
Appropriations Limit
2021-2022 Appropriations Limit 113,694,873$
Price/Population Factor for FY 2022-2023 X 1.0864701
2022-2023 Appropriations Limit:123,526,080$
Amount Subject to the Limit 43,843,828$
Is the amount subject to the limit below the
limit?YES
Change in Per City
Capital Personal Population
Income:Factor:
7.55 1.02
2022-2023 factors 1.0755 1.0102
converted to a ratio:1 2
1 2
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