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RES-8936 Appropriations Limit FY 1998-99RESOLUTION NO. 8936 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE ADOPTING THE APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 1998- 99 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 necessary for making these adjustments is 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 1998-99.NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Onmge that the Appropriations Limit in Fiscal Year 1998-99 shall be $76,378,634 and the City's appropriations subject to limitation are $42,697,948.ADOPTED this 26th day of May, 1998.Attest:L~AA~A~~~City 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 26th day of May, 1998. AYES: NOES: ABSENT: COUNCIL MEMBERS: MURPHY, COUNCIL MEMBERS: NONE COUNCIL MEMBERS: NONE SLATER, COONTZ, SPURGEON, ALVAREZ ~ t"-:;tlf:.dzfb'r City Cler fthe City of Orange EXHIBIT "A" 1998-99 APPROPRIATIONS LIMIT UNDER ARTICLE XIIIB 1998-99 APPROPRIATION LIMIT IS CALCULATED AS FOLLOWS:93-94 9....95 9S... 96-97 97-98 98-99 POPULATION GROWTH 1.0215 1.0164 1.0173 1.0139 1.0187 1.0169 INFLA nON RA IE 1.0272 1.0071 1.0472 1.0467 1.0467 1.0415 TOTAL ADJUSTMENT 1.0493 1.0236 1.0653 1.0612 1.0663 1.0591 LAST YEAR'S LIMIT 54,717,849 57,764,607 59,437,744 63,438.161 64,444,549 72,001,522 CURRENT YEAR'S LIMIT 57,414,607 59,128,801 63,320,013 67,323,693 71,914, 322 76, 256,909 OTHER ADJUSTMENTS:ASSUMED RESPONSffiILITY: BOOKING FEES 200,000 200,000 PROP TAX ADMIN CHG 150,000 ]08,943 118,148 ] 20,856 87,200 ]21,726 ADJ. CURRENTYR. LIMIT 57,764,607. 59,437,744'" 63,438,161 67,444,549 72,001,522 76,378,634 The following information was provided by the State Department of Finance in order to calculate the Appropriation Limit for 1998-99:Greater of City County Population Fiscal Year Date Population Population Changes 93. 94 01-01-92 114.374 2,489. 260 01-01-93 116,259 2.542. 747 2.15%94-95 01-01.93 116. 259 2.540,452 01.01-94 117.956 2.582,051 1.64%95-96 01. 01.94 118.037 2,583,608 01-01-95 120,Q78 2,627.949 1.73% 96.97 01-01-95 118.105 2,583,745 1. 39%01.01-96 119,742 2,610. 959 97.98 01-01.96 120.043 2.618.920 1.87%01.01-97 122.282 2.659.316 98.99 01. 01.97 123105 2.665, 181 1.69% 01- 01-98 125065 2.710, 335 Percentage Changes in Per Capita Personal Income:1993-94 2.72%1994-95 0.71%1995-96 4.72%1996-97 4.67%1997-98 4.67%1998-99 4.15%These are the Amended Appropriations Limits for Fiscal Year'