GANN LIMIT RESOLUTION Town of Atherton
Appendix C
Appendix-C
Appropriation spending limit (Gann Limit)
RESOLUTION NO.
A RESOLUTION OF THE CITY COUNCIL OF THE TOWN OF
ATHERTON ESTABLISHING THE APPROPRIATIONS LIMIT
FOR FISCAL YEAR 2024-2025 PURSUANT TO ARTICLE X111 B OF
THE CALIFORNIA CONSTITUTION
WHEREAS, Article XIII B of the Constitution of the State of California provides that the total annual appropriations limitation of each government entity, including this Town, shall not exceed the appropriations limit of such entity of government for the prior year adjusted for certain changes mandated by Proposition 4 passed in November, 1979 and Proposition 111 passed in June, 1990, except as otherwise provided for in said Article XIII B and implementing State statutes; and
WHEREAS, pursuant to Article X111 B, and Section 7900 et seq of the California Government Code, the Town is required to set its appropriations limit for each fiscal year; and WHEREAS, the Finance Director of the Town of Atherton has conducted the necessary analysis and calculations to determine the appropriations limit for Fiscal Year 2024-25, relying on the permanent Fiscal Year 1993-94 limit approved by the voters on November 3, 1994, and the following two adjustment factors: change in population for the County of San Mateo or Atherton, whichever is higher, and change in cost of living as provided by the State of California, Department of Finance; and
WHEREAS, based on such calculations, the Finance Director has determined the said appropriations limit, and pursuant to Section 7910 of the Government Code, has made available to the public the documentation used in the determination of the limit.
NOW, THEREFORE, BE IT RESOLVED by the City Council of the Town of Atherton that the new appropriations limit for the Fiscal Year 2024-25 shall be and is hereby set in the amount of $17,183,782 and its calculations as set forth in Attachment 1, copy of which is attached hereto.
* * * * * * * * * * * *
I hereby certify that the foregoing Resolution was duly and regularly passed and adopted by the City Council of the Town of Atherton at a regular meeting thereof held on the 19th day of June, 2024, by the following vote:
GANN LIMIT RESOLUTION Town of Atherton
Appendix C
Appendix C
AYES: Council Members:
NOES: Council Members:
ABSENT: Council Members:
ABSTAIN: Council Members:
________________________
Diana Hawkins-Manuelian, MAYOR
Town of Atherton
ATTEST:
___________________________
Anthony Suber, City Clerk
APPROVED AS TO FORM:
_______________________
Mona Ebrahimi, City Attorney
SECTION G GANN LIMIT CALCULATION Town of Atherton
Appendix-C
APPROPRIATIONS SPENDING LIMIT (GANN LIMIT)
Schedule 1: Calculation of Spending Limit
Last Year's Limit (FY 2023-24) 16,666,794
Prior Year Parcel Tax Adjustment
Adjusted Last Year's Limit (FY 2023-24) 16,666,794
Adjustment Factors:
A. Population (County) 0.9950
C. Inflation 1.0362
A times C 1.03
Total Adjustment (Percent) 0.0310
Total Adjustment (Dollars) 516,987
Other Adjustments:
Parcel Tax Adjustment (+)
New Appropriation Limit for Fiscal Year 2024-25 17,183,782 Schedule 2: Appropriations Compared to Limit
Proceeds from Taxes (Fm Schedule 3) 16,668,296
Appropriations Subject to Limit FY 2024-25 16,668,296
Appropriations Limit for FY 2024-25 17,183,782
Amount under Appropriations Limit 515,486
Schedule 3: Determination of Proceeds of Taxes
Per Budget for FY 2022-23
Proceeds Nonof Taxes Proceeds Total
Revenues
Property Tax 15,804,585 15,804,585
Sales Tax 320,000 320,000
Public Safety Sales Tax 122,400 122,400
Parcel Tax -
County Measure A 370,000 370,000
Business License 290,000 290,000
Motor Vehicle License Fee -
Homeowners Exemption 35,000 35,000
Franchise Fees 1,076,000 1,076,000
Development Fees/Permits 3,677,580 3,677,580
Fines & Forfeiture 63,342 63,342
Fees for Services 115,000 115,000
Rentals 132,016 132,016
Miscellaneous 1,065,099 1,065,099
16,819,585 6,251,437 23,071,022
Interest Income 218,711 81,289 300,000
Reduction for CIP (370,000)
Total 16,668,296 6,332,726 23,371,022
Town of Atherton
APPROPRIATIONS SPENDING LIMIT
Prop 4 - Gann Limit FY 2024-2025
Appendix - C