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RES-9607 Appropriations Limit FY 2002-03RESOLUTION NO. 9607 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE ADOPTING THE APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 2002- 03 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.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.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 XIIm in determining the appropriation limit for Fiscal Year 2002-03.NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange that the Appropriations Limit in Fiscal Year 2002-03 shall be $95, 660,758 and the City's appropriations subject to limitation are $53,080,747.ADOPTED this 28th dayof May, 2002.I INJl t.- /JJI- ATTEST: Ct.l441dA'-Afhd('41- rA4'~Cassandra J. Cath , CIty Clerk of the CIty of Orange I 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 28th day of May, 2002, by the following vote.AYES: COUNCILMEMBERS: SLATER, ALVAREZ, MURPHY, COONTZ, CAVECCHE NOES: COUNCILMEMBERS: NONE ABSENT: COUNCILMEMBERS: NONE ABSTAIN: COUNCILMEMBERS: NONE a~4~d-/; a'~Cassandra J. Cath' , CIty Clerk of the CIty of EXHIBIT "A" 2002-03 APPROPRIATIONS LIMIT UNDER ARTICLE XIIIB 2002-03 APPROPRIATION LIMIT IS CALCULATED AS FOLLOWS:97-98 98-99 99-00 OO-Ot 01-02 02-03 POPULATION GROWTH 1.0187 1.0169 1.0177 1.0]56 1.0]22 1.0206 NFLAT[ON RATE 1.0467 1.04]5 1.0453 1.049] 1.0782 0.9873 TOTAL ADJUSTMENT 1.0663 1.0591 1. 0638 1.0655 1.09]31.0076 LAST YEAR'S LlM]T 67,444,549 72,00],522 76,378,634 81, 356,654 86,79],079 94,822,43]CURRENT YEAR'S LlM[T 71,9[4,322 76,256,908 8],25],729 86,682, 746 94, 7] 6,987 95,546,721 OTHER ADJUSTMENTS:ASSUMED RESPONSIB]LlTY:BOOK]NG FEES PROP TAX ADM]N CHG 87,200 12],726 104,925 108,333 105,444 ] ]4,037 ADJ. CURRENT YR. LIM[T 72,00],522 76,378,63481,356,654 86, 79[,079 94,822,43 ] 95,660,758 The following information was provided by the State Department of Finance in order to calculate the Appropriation Limit for 2002-03:Greater of Cily Population County Population Fiscal Year Date Population Changes 97- 98 01-0[-96 120,043 2,618, 920 1.87%0]-01-97 122,282 2,659, 3 ]6 98-9901-0]- 97 123,105 2,665,181 1.69%01- 01-98 125,065 2.710, 335 99-00 01-01-98 125,617 2,722,075 1.77% 01-01-99 127,603 2,770.310 00- 01 01-01-99 128, 197 ;:,782. ]24 1.56%01-01-00 129,399 ;:,825,437 01-02 01-01-00 130,009 2,864,827 2. 17%01- 01- 01 132, 826 ;:, 922,837 02- 03 01- 01- 01 130, 825 ;, 878,578