RES-8031 Adopting Appropriations Limit FY 1992-93RESOLUTION NO. 8031
A RESOLUTION OF THE CITY COUNCIL OF THE
CITY OF ORANGE APPROVING AND ADOPTING
THE APPROPRIATIONS LIMIT FOR THE
FISCAL YEAR 1992-
93 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 III and
SB88 to provide for the calculation of the appropriations limit
for Fiscal Years beginning with 1990-91 using, at the City'
s election,either the growth in California per capita income or the
growth in non-residential assessed valuation due to
new construction within the City and, at the City's election, either the
City's own population growth or the population growth
of the
County.WHEREAS,
the above necessary
Exhibit "A"; and information and the elections made
as set forth for making these adjustments
is attached as 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 1992-93.NOW, THEREFORE, BE IT RESOLVED by the City
Council of the City of Orange that the Appropriations Limit in
Fiscal Year 1992-93 shall
be $53,399,
086.
00.
ADOPTEDthis16thange AITEST:f1ftt~~Ci ty
Cler C y 0 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 16th day of June,
1992, by the following vote:AYES:
COUNCILMEMBERS: STEINER,
BARRERA, MAYOR BEYER,
COONTZ, SPURGEON NOES:
COUNCILMEMBERS: NONEABSENT:
EXHIBIT "A"
1992-93 APPROPRIATIONS LIMIT UNDER ARTICLE
XIIlB 1992-93 APPROPRIATION LIMIT IS CALCULATED
AS FOLLOWS:88-89 89-90
90.91 91-92 92-93 POPULA nON GROWTH ',0198 1.0185
1.0201 1.0231 1.0247 INFLA liON RATE 1,0468 1.0519
1.0421 1,0414 0.9938 TOTAL ADJUSTMENT 1.0673 1.0714
1.0630 1.0655 1.0181 lAST YEAR'S LIMIT 40.929,015 43,684.468 46.801,796
49,752.472 53,399,088CURRENT YEAR'S LIMIT 43.684.466 46,801,796 49,752.472
53,009,
086 54,
367.848 OTHER ADJUSTMENTS:ASSUMED RESPONSIBILITY:
BOOKING FEES 250,000 200,000 PROP TAX
ADMIN CHG 140,000 150,000ADJ. CURRENT YR. LIMIT 43.684.466 46,801,796 49,752.472
53.399.086 54,717.848 The following information was provided by the State
Department of Finance in order to
calculate the
Appropriation Limit for
1992-93:Greater of City County
Population Fiscal Year Date Population Population ChanJlcs
88-89 01-01-87 103,350 2,
180,831 01-01-88 104.945
2.224,039 1.98%89-90
01-01-88 105,008 2.225.
452 01-01-89 106.358 2.266.
531 L85%90-91 01-01-89
106.290 2.265.480 01-01-90
107.712 2.311.000 2,01%
91-92 01-01-90 110.1652,
383,177 01-01-91 112,709
2.
438.094
2.
31%92-
93
01-01-
91
112,466
2.
436,505
01-01-
92 114.