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RESO Appropriations Limit FY 2024-25

Fort Bragg City Council
June 24, 2024

Document
RESO Appropriations Limit FY 2024-25
Meeting
June 24, 2024
Body
Fort Bragg City Council
Original file
24 KB
Text extracted from the city's file for reading and search. Open the original on legistar1.granicus.com. That file is the official record.

RESOLUTION NO. ____-2024
RESOLUTION OF THE FORT BRAGG CITY COUNCIL APPROVING AND ADOPTING THE ANNUAL APPROPRIATION LIMIT FOR FISCAL YEAR 2024/25 WHEREAS, the voters of the State of California, on November 6, 1979, added Article XIIIB to the State Constitution placing various limitations on the appropriations of State and local governments; and WHEREAS, Article XIIIB provides that the appropriations limit for FY 2024/25 is calculated by adjusting the base year appropriations of FY 1978/79 for changes in the cost of living and population; and WHEREAS, the California Department of Finance reports the percentage change in population factor for the City of Fort Bragg for January 1, 2024, is 2.16%, and the change in California’s per capita personal income is 3.62%; and WHEREAS, the City of Fort Bragg has complied with the provisions of Article XIIIB in determining the appropriation limit for FY 2024/25; and WHEREAS, the City’s appropriation limit for FY 2024/25 totals $12,385,176; and WHEREAS, the City’s appropriations subject to limitation for FY 2024/25 total $7,432,989; and WHEREAS, based on all the evidence presented, the City Council finds as follows:

That the annual appropriation limit has been compiled based on Article XIIIB of the State Constitution, which imposes limitations on the annual rates of increase in local government budget expenditures and requires cities to adopt annual appropriation limits, by resolution each year.

The appropriations in the FY 2024/25 Adopted Budget do not exceed the limitations imposed by Article XIIIB.

NOW, THEREFORE, BE IT RESOLVED that the City Council of the City of Fort Bragg in conjunction with the adoption of the FY 2024/25 budget adopts Per Capita Personal Income and County population as described herein as factors for the purpose of determining the FY 2024/25 Gann Limit.

BE IT FURTHER RESOLVED for the purposes of Article XIIIB of the California Constitution, the FY 2024/25 appropriations limit shall be $12,385,176.

The above and foregoing Resolution was introduced by Councilmember __________, seconded by Councilmember __________, and passed and adopted at a regular meeting of the City Council of the City of Fort Bragg held on the 24th day of June, 2024, by the following vote:

AYES:

NOES:

ABSENT:

ABSTAIN:

RECUSE:

BERNIE NORVELL
Mayor
ATTEST:

Diana Sanchez
City Clerk
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