RESOLUTION NO.
A RESOLUTION OF THE CITY
COUNCIL OF THE CITY OF THOUSAND
OAKS ESTABLISHING THE
APPROPRIATIONS LIMIT FOR FISCAL
YEAR 2023-2024
WHEREAS, the Gann Spending Limitation Initiative added Article XIII B to the Constitution of the State of California to establish and define annual appropriation limits on state and local government entities; and WHEREAS, Government Code Section 7900, et seq. provides for the implementation of Article XIII B by defining various terms and prescribing procedures to be used in implementing specific provisions, including the establishment each year by the governing body of each local jurisdiction of its appropriation limit; and
WHEREAS, the required computation to determine the City of Thousand Oaks Appropriation Limit for FY 2023-2024 has been performed by the Finance Department and is on file with the Finance Department, and available for public review for fifteen days prior to the City Council meeting on this action; and WHEREAS, a summary of this computation is provided in “Exhibit A,” which is herein incorporated by reference and attached hereto.
NOW, THEREFORE, the City Council of the City of Thousand Oaks resolves as follows:
1. The City of Thousand Oaks Appropriation Limit for FY 2023-2024 is $219,559,478.
2. This Appropriation Limit includes adjustments made pursuant to Section 3 of Article XIII B of the California Constitution and SB 1352, as of the date of this Resolution.
ATTACHMENT #2
FIN:380-70\BSS\H:\COMMON\Council\2023\Administration\062023 Gann ATTACH 2 Reso.docx
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3. This Appropriation Limit is subject to amendments, deletions, and additions, which may be provided pursuant to Article XIII B of the California Constitution and legislation in implementation thereof.
This limitation may be amended from time to time to reflect new or changed information as such is encountered.
PASSED AND ADOPTED this 20th day of June, 2023 by the following vote:
Ayes:
Noes:
Absent:
________________________________
Kevin McNamee, Mayor
City of Thousand Oaks, California
ATTEST/CERTIFY:
_________________________________
Laura B. Maguire, City Clerk
Date Attested: ___________________
APPROVED AS TO FORM:
Office of City Attorney
_________________________________
Tracy Friedl, Assistant City Attorney
APPROVED AS TO ADMINISTRATION:
_________________________________
Andrew P. Powers, City Manager
The presence of electronic signature certifies that the foregoing is a true and correct copy as approved by the City of Thousand Oaks City Council on the date cited above.
FIN:380-70\BSS\H:\COMMON\Council\2023\Administration\062023 Gann ATTACH 2 Reso.docx
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EXHIBIT A