RESOLUTION NO. R-2024-032
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PISMO BEACH, CALIFORNIA ACCEPTING THE FISCAL YEAR 2025 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 County of San Luis Obispo to be used for adjusting the FY 2024 Appropriations Limit to calculate the FY 2025 Appropriations Limit; and
WHEREAS, the City has used the change in California Per Capita Personal Income and change in San Luis Obispo County population data provided by the State Department of Finance on April 30, 2024 to calculate the FY 2025 Appropriations Limit, and, pursuant to Section 7910 of California Government Code, has made available to the public the documentation used to calculate the FY 2025 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 2025 shall be set in the amount of $34,542,433.
UPON MOTION OF Council Member Newton, seconded by Mayor Pro Tem Reiss, the foregoing resolution was adopted by the City Council of the City of Pismo Beach this 4th day of June 2024, by the following vote:
AYES: 5 Newton, Reiss, Inman, Guthrie, Waage
NOES: 0
ABSENT: 0
ABSTAIN: 0
RECUSED: 0
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R-2024-032
DocuSign Envelope ID: 76857713-E629-4D2B-A169-C66E228A086A
Approved: Attest:
________________________ ________________________
Ed Waage, Mayor Erica Inderlied, City Clerk
IN WITNESS WHEREOF, I have hereunto set my hand and affixed the official seal of the City of Pismo Beach, California, on _______________________. ________________________
Erica Inderlied, City Clerk
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R-2024-032
DocuSign Envelope ID: 76857713-E629-4D2B-A169-C66E228A086A 6/6/2024
City of Pismo Beach
Appropriations Limit Calculation Worksheet
For
Fiscal Year 2024-2025
FY 2024 Appropriations Subject to Limit 27,800,754$
APPROPRIATION LIMIT CALCULATION
Item #
1 FY 2024 Appropriation Limit 32,985,168$
2 Population Factor - San Luis Obispo County X 1.010626368 3 Subtotal =33,335,681$
4 California Per Capita Personal Income Factor X 1.0362000 5 Total Adjustment %X 1.0472110
6 FY 2025 APPROPRIATION LIMIT (3) X (4)34,542,433$
7 Annual Adjustment in Dollars (1) X (5)1,557,264$
8 FY 2025 Appropriations Subject to Limit 28,290,177$
9 Over (Under) Limit (6,252,256)$
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R-2024-032
Exhibit A
DocuSign Envelope ID: 76857713-E629-4D2B-A169-C66E228A086A