Cities Index.
item 13 Adoption of Resolutions Amending the Fiscal Year 2024-25 Budget. (Action Item)

Garden Grove City Council
June 11, 2024

Document
item 13 Adoption of Resolutions Amending the Fiscal Year 2024-25 Budget. (Action Item)
Meeting
June 11, 2024
Body
Garden Grove City Council
Original file
225 KB
Text extracted from the city's file for reading and search. Open the original on agendasuite.org. That file is the official record.

GARDEN GROVE CITY COUNCIL

RESOLUTION NO.

A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GARDEN GROVE ADOPTING AN APPROPRIATIONS LIMIT FOR FISCAL YEAR 2024-25

IMPLEMENTING ARTICLE XIII B OF THE STATE CONSTITUTION AS AMENDED BY PROPOSITION 111 PURSUANT TO SECTION 7900 ET SEQ. OF THE GOVERNMENT CODE

WHEREAS, the people of California on November 6, 1979 added Article XIII B to the State Constitution to limit each fiscal year’s appropriation of the proceeds from taxes to the amount of such appropriations in fiscal year 1978/1979, adjusted for changes as prescribed under the law;

WHEREAS, the State Legislature adopted Chapters 1205 and 1342 of the 1980 statutes which implemented Article XIII B;

WHEREAS, the amendments specify that the appropriation limit may increase annually by a factor comprised of the change in population combined with either the change in California per capita personal income or the change in the local assessment roll due to the addition of local non-residential new construction;

WHEREAS, Section 7902 of the Government Code provides the process which to calculate the appropriations limit for FISCAL YEAR 2024-25 and subsequent years pursuant to Article XIII B;

WHEREAS, Section 7910 of the Government Code requires cities to adopt a Resolution setting the annual appropriation limitation at a regularly scheduled meeting or a noticed special meeting;

NOW, THEREFORE, BE IT RESOLVED that the appropriations limit for FISCAL YEAR 2024-25 pursuant to Section 7902 of the Government Code shall be $196,817,437 and the Appropriation Subject to Limitation in FISCAL YEAR 2024-25 shall be $114,148,536.

← All documents from this meeting