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RES-8780 Adopting Appropriations Limit FY 1997-98RESOLUTION NO. 8780 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF ORANGE ADOPTING THE APPROPRIATIONS LIMIT FOR THE FISCAL YEAR 1997- 98 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 ofthe 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 1997-98.NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Orange that the Appropriations Limit in Fiscal Year 1997-98 shall be $72,001,522 and the City's appropriations subject to limitation are $40,588,759.ADOPTED this 27th day 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 27th day of May, 1997. AYES: NOES: ABSENT: COUNCIL MEMBERS: MURPHY, SLATER, COONTZ, SPURxf~~~EZ COUNCIL MEMBERS: NONE COUNCIL MEMBERS: NONE J:~~:r<mng, EXHIBIT "A" 1997-98 APPROPRIATIONS LIMIT UNDER ARTICLE XIIIB 1997-98 APPROPRIATION LIMIT IS CALCULATED AS FOLLOWS:93-94 94.95 95- 96 96.97 97-98 POPULATION GROWTH 1.0215 1.0164 1. 0173 1.0139 1.0187 INFLATION RATE 1.0272 1.0071 1. 0472 1.0467 1.0467 TOTAL ADJUSTMENT 1.0493 1.0236 1. 0653 1.0612 1.0663 LAST YEAR'S LIMIT 54,717,849 57,764,607 59,437.744 63, 438.161 64,444,549 CURRENT YEAR'S LIMIT 57,414,607 59,128,801 63,320,013 67, 323,693 71.914. 322 OTHER ADJUSTMENTS:ASSUMED RESPONSIBILITY:BOOKING FEES 200,000 200,000 PROP TAX ADMIN CHG 150,000 108,943 118, 148 120,856 87,200 ADJ. CURRENT YR. LIMIT57,764,607" 59,437:144* 63.438,161 67, 444,549 72,001,522 The following information was provided by the State Department of Finance in order to calculate the Appropriation Limit for 1997- 98: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 01-1)1-93 116. 259 2.540,452 01-1)1-94 117.956 2.582.051 1.64%95- 96 01-1)1-94 118,037 2.583.608 01-01-95 120,078 2.627, 949 1.73%96-97 01-1)1-95 118, 105 2,583,745 1.39%01- 1)1-96 119.742 2,610, 959 97-98 01- 1)1- 96 120.043 2. 618.920 1. 87%01- 1)1-97 122.282 2.659.316 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%These are the