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RES-10794 Adopting Appropriations Limit 2014-15RESOLUTION NO. 10794 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE ADOPTING THE APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2014 -15. WHEREAS, the voters of California on November 6, 1979, added Article XIIIB to the State Constitution placing various limitations on the appropriations of the state and local governments; and WHEREAS, Article XIIIB was amended by Proposition 111 and SB88 to provide for the calculation of the appropriations limit for Fiscal Years beginning with 1990 -91 using, at the City's election, the City's own population growth or the population growth of the County, and the growth in California per capita income or the growth in non - residential assessed valuation due to new construction; and WHEREAS, data necessary to calculate the growth in the non - residential assessed value was not available from the County Assessor and the City may need to adjust the limit on appropriations once the data is available; and WHEREAS, the information and the elections made as set forth above are necessary for making these adjustments and are attached as Exhibit "A "; and WHEREAS, the City of Orange, to the best of its knowledge, has complied with all the provisions of Article XIIIB in determining the appropriation limit for Fiscal Year 2014- 15. NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange that the Appropriations Limit in Fiscal Year 2014 -15 shall be $149,458,738 and the City's appropriations subject to limitation are $83,520,502. ADOPTED this 10 th day of June, 2014. Tere a E. Smith, Mayor, City of Orange ATTEST: Mary E. , City Clerk, City o e I, MARY E. MURPHY, City Clerk of the City of Orange, California, do hereby certify that the foregoing Resolution was duly and regularly adopted by the City Council of Orange at a regular meeting thereof held on the 10 day of June, 2014. AYES:COUNCIL MEMBERS:Alvarez, Whitaker, Smith, Murphy, Bilodeau NOES:COUNCIL MEMBERS:None ABSENT:COUNCEL MEMBERS:None ABSTAIN:COUNCIL MEMBERS:None 446 6 Mary E. City Clerk, City f Orange 2