City Council Agenda Report
June 4, 2024
TO: Honorable City Council
FROM: Jesus M. Gomez, City Manager
BY: Jennifer Hernandez, Senior Management Analyst
SUBJECT: RESOLUTION NO. 24-26 - ADOPTION OF ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2024/25
Background:
The Gann Initiative, which was approved by California voters on November 6, 1979 (Article XIIIB of the State Constitution), places limitations on the appropriations of state and local governments and further provides for appropriations limit increases for cost of living/per capita income and population changes. Under Government Code Section 7910, the City is annually required to establish and adopt by resolution its appropriations limit in conformance with the requirements of Article XIIIB of the California Constitution.
Resolution No. 24-26 and supporting Exhibit A reflect the City’s Appropriations Limit for Fiscal Year 2024/25 of $111,201,981. Based on the proposed budget, the appropriations that are subject to this limit total $65,536,370 (Appropriations Subject to Limitations). As a result of the annual Appropriations Limit being greater than the appropriations subject to the limit, the City is in compliance with the provisions of Article XIIIB of the California Constitution.
Fiscal Impact:
N/A
Citizens Advised:
N/A
City Council June 4, 2024
Annual Appropriations Limit for FY 24/25 Page No. 2
8 6
2 Strategic Plan 2023 Implementation:
The recommended action adheres to the City’s values to be fiscally responsible, ethical and transparent in City’s stewardship; and it will further the City’s strategic plan goal (3) Create and sustain a resilient and economically prosperous City.
Recommended Action:
Staff recommends City Council adopt Resolution 24-26, A RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF NORWALK APPROVING AND ADOPTING THE ANNUAL APPROPRIATIONS LIMIT FOR FISCAL YEAR 2024/25.
Attachments:
1. Resolution No. 24-26
2. Appropriations Subject to Limitations