RESCINDED B
ESOLUTTON N0. , - 02 3�
RESOLUTION NO. R-2022-044
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PISMO BEACH, CALIFORNIA ACCEPTING THE FISCAL YEAR 2022-2023 APPROPRIATIONS LIMIT
FOR THE CITY OF PISMO BEACH
WHEREAS, Article XIII-B of the California Constitution provides that the total annual appropriations subject to limitation of each governmental entity shall not exceed the Appropriations Limit of such governmental entity for the prior year, adjusted for changes in population and inflation as mandated by Proposition 4 (commonly called the "Gann Limit"), 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 XIII-B of said California Constitution, and Section 7900 et seq. of the California Government Code, the City is required to set its Appropriations Limit for each fiscal year; and
WHEREAS, the State Department of Finance has provided the required information on the change in California Per Capita Personal Income and on the change in population for the City of Pismo Beach to be used for adjusting the FY 2022 Appropriations Limit to calculate the FY 2023 Appropriations Limit; and
WHEREAS, the City has used the change in California Per Capita Personal Income and change in Pismo Beach population data provided by the State Department of Finance in May 2022 to calculate the FY 2023 Appropriations Limit, and, pursuant to Section 7910 of California Government Code, has made available to the public the documentation used to calculate the FY 2023 Appropriation Limit (provided as Exhibit A).
NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Pismo Beach that said Appropriation Limit for Fiscal Year FY 2023 shall be set in the amount of $31,067,240.
UPON MOTION OF Mayor Pro Tem Reiss, seconded by Council Member Blake, the foregoing resolution was adopted by the City Council of the City of Pismo Beach this 7th day of June 2022, by the following vote: OF PIP AYES: 5 Reiss, Blake, Guthrie, Newton, Waage ,`' GOaPC9g9�y NOES: 0 Fa
ABSENT: 0 I I
ABSTAIN: 0
RECUSED: 0 1,0 9°o �•�
25 �
Approv : Att : \OF Ate,
Ed Waage, Mayor Eri a Inderlied, City Clerk
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R-2022-044
Exhibit A
City of Pismo Beach
Appropriations Limit Calculation Worksheet
For
Fiscal Year 2022-2023
FY 2022 Appropriations Subject to Limit $ 24,629,512
APPROPRIATION LIMIT CALCULATION
Item#
1 FY 22 Appropriation Limit $ 29,433,561
2 Population Factor- Pismo Beach X 0.984336458 3 Subtotal = $ 28,972,527
4 California Per Capita Personal Income Factor X 1.0723000 5 Total Adjustment % X 1.0555040
6 FY 23 APPROPRIATION LIMIT (3) X (4) $ 31,067,240 7 Annual Adjustment in Dollars (1) X (5) $ 1,633,680 8 FY 2023 Appropriations Subject to Limit $ 28,874,106 9 Over (Under) Limit $ (2,193,135)
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R-2022-044