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2015-12 V 1 RESOLUTION NO. 2015-12 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, ESTABLISHING THE APPROPRIATIONS LIMIT FOR FISCAL YEAR 2015-16 WHEREAS, Article X111B of the California Constitution and Section 7910 of the California Government Code require that each year the City of Grand Terrace shall by resolution, establish an Appropriations Limit for the fiscal year; and WHEREAS,the City Council has prepared a Proposed Budget for Fiscal Year 2015-16, a copy of which is on file in the Office of the City Clerk and available for public inspection, and WHEREAS, the said Proposed Budget contains the estimates of the services, activities and projects comprising the budget, and contains expenditure requirements and the resources available to the City; and WHEREAS,the City's Finance Department has prepared calculations and documentation required for and to be used in the determination of certain matters and for the establishment of an Appropriations Limit for the City for Fiscal Year 2015-16 and such data and documentation has been available to the public for at least fifteen (15) days prior to the adoption of this Resolution; and WHEREAS, the City Council has considered pertinent data such as price and population factors and made such determinations as may be required by law, and has adopted this Resolution as a regularly scheduled meeting of the City Council: and WHEREAS, the Appropriations Limit for the City of Grand Terrace for Fiscal Year 2015-16 is hereby established at $11,991,632 and the total annual appropriations subject to such limitation for Fiscal Year 2015-16 are determined to be$3,183,522. NOW, THEREFORE, THE CITY COUNCIL OF THE CITY OF GRAND TERRACE, CALIFORNIA, DOES HEREBY RESOLVE AS FOLLOWS: 1. That$11,991,632 is hereby established as the Appropriations Limit for the City of Grand Terrace for Fiscal Year 2015-16. 2. The City Council hereby adopts the findings and methods of calculation set forth in Exhibit A (Appropriations Limit Calculation) and Exhibit B (Proceeds of Tax Calculation). 3. The City of Grand Terrace reserves the right to revise the factors associated with the calculation of the limit established pursuant to Article X111B.. of the California Constitution if such changes or revisions would result in 'a more advantageous Appropriations Limit in the future. RESOLUTION NO. 2015-12 PAGE 1 OF 4 JUNE 9, 2015 BE IT FURTHER RESOLVED that this Resolution shall take effect immediately upon the date of its adoption. PASSED, APPROVED AND ADOPTED by the City Council of Grand Terrace at a regular meeting held on the 9th day of June, 2015 by the following vote: arc abo , M or of the City of and the City Council thereof ATTEST: Pat Jacquez res, ity e o the City of Gra Te ce I PAT JACQUEZ- NARES, CITY CLERK of the City of Grand Terrace, California, do J hereby certify that the foregoing Resolution was introduced and adopted at a regular meeting of the City Council of the City of Grand Terrace held on the 91h day of June, 2015, by the following vote: AYES: Council Members Mitchell, Hussey, Wilson, Mayor Pro Tem Robles, Mayor McNaboe NOES: None ABSENT: None ABSTAIN: None Pat Jac i r APPROVED AS TO FORM: Richard L. Adams, City Attorney RESOLUTION NO. 2015-12 PAGE 2 OF 4 JUNE 9,2015 EXHIBIT A .: .. CITY OF GRAND TERRACE APPROPRIATIONS(GANN) LIMIT CALCULATION FISCAL YEAR 2015-16 _..... _ _..... - - ... ... ....... ....... APPROPRIATIONS SUBJECT TO THE LIMIT FY 2015-16 Total Revenue* $ 6,724,59 5, , . . Less Non-Proceeds of Tax . " 3,540,993 A):Total Appropriations Subject to.the Limit $. 3,183,522 APPROPRIATIONS LIMIT' B) FY 2014-15 Appropriations Limit 11,426,043 _.... ....... C).-Change Factor** % Increase. Factor, Cost of Living Adjustment 3.82. .1.0382 Population Adjustment 1.09 1.0:109 ...... ....... ...... ...... .... Change Factor(0.9977)(.1.0078) `1.0495 . D) Increase in Appropriations,_.. $ 565,5$9.. E) FY.2015-16 Appropriations Limit(B z C) 11,9.91,632 ....... ....... ....... ... ... ... ... ... .. REMAINING APPROPRIATIONS CAPACITY (E-A) $ 8808110 Remaining Capacity.as Percent.of the FY 2015-16 ..''..Appropriations Limit:. . 73.45%.- _.. *Revenues are:based on FY 2015-16:Proposed:Budget(al.l:City,funds,excluding Successor Agency). **State Department of Finance Percent of Change in California Per Capita Income Percent of Change in City of Grand Terrace Population ..... ...... ....... .. ...... ....... ..... . RESOLUTION NO. 201:5-12 PAGE 3 OF 4: JUNE 9, 201:5 EXHIBIT B CITY OF GRAND TERRACE APPROPRIATIONS(GANN)LIMIT PROCEEDS OF TAX CALCULATION . .... FISCAL YEAR 2015-16 . .. BUDGETED BUDGETED PROCEEDS.. NON-PROCEEDS TOTAL .. REVENUE SOURCE OF TAX OF TAX REVENUE TAXES Property Tax(1) $ 2,186,524 $ .2,186,524 a es: .ax: 900,000 900;000 Business License-Tax 91,000 ....... .... 91,000 - •- - FEES - Franchise Fees- - $ 490,000 490,000-:. Building Fees....: ......113,000...... _ : 113,000- Planning Fees. 69,500 69,500 Other Permits/Fees 286,550 286,550 Residual.Receipts Agreement - Intergovernmental 5,000 5,000 Use of Property/Other 321,840 321,840 Child Care Fees 1,245,695 1,245,695 Waste Water Disposal Fees. _. Gas.Tax/Highway User Fees 281,000 281,000 :. Measure"I".Transportation " ::: 180,000 180,000... ' SLESF(AB 3229 COPS) 100,000 100,000- CDBG - 48,456 48,456 _. Other_ 38,600 38,600 .. ... ..... ..... . OPERATING BUDGET SUBTOTAL $ 3,177,624 $:: 3,179,641 $. 6,357,165 %of Total 49.98%. 50.02%.: : 100.00% Interest Allocation(3). 5,998 61002 12,000 CAPITAL:PROJECT FUNDING - Gas Tax/Measure"I"/Transfers. . :: 355,350 355,350 ...... State Grants Bond Proceeds CAPITAL PROJECT SUBTOTAL $ = $ 355,350 $ 355,350 _. .. ....... ... .. ow ... TOTAL $ 3,183,522' $ 31540,993 $ 6,724,515 Revenues are based on FY 2015-16 Proposed Budget(all'City funds excluding Successor Agency). Notes: (1:)Includes Property Tax:In-Lieu of Vehicle License Fees&RPTTF Residual Receipts ::: (2) Includes Property Tax In-Lieu of Sales Tax (3)Based on percentage of Tax/Non-Tax Proceeds ... _ ... RESOLUTION NO. PAGE 4 OF-4 JUKE 9, 2015: