R 4188RESOLUTION NO. 4188
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARROYO GRANDE ADOPTING A TAX PROCEEDS
EXPENDITURE APPROPRIATION LIMIT FOR FISCAL YEAR
2009-10
WHEREAS, Sections 7900 et seq. of the Government Code provide for the effective and
efficient implementation of Article XIIIB of the California Constitution; and
WHEREAS, Government Code Sections 7901 through 7914 provide that each year, the
governing body of each local jurisdiction shall, by resolution at a regularly scheduled
meeting, establish the annual adjustment factors to be used and the tax proceeds
expenditure appropriation limit.
NOW, THEREFORE BE IT RESOLVED, by the City Council of the City of Arroyo Grande
as follows:
1. The California per capita income and the population of San Luis Obispo County,
California are recognized as the annual adjustment factors for Fiscal Year 2009-10.
2. The appropriation limit for Fiscal Year 2009-10 is hereby set at Sixteen million, eight
hundred and twenty-seven thousand, and four hundred and twelve dollars
($16,827,412).
3. Documentation used in determination ofthe tax proceeds expenditure appropriation
limit is attached hereto, as Exhibit A, incorporated herein by this reference.
4. This Resolution is effective on its date of adoption.
On motion of Council Member Costello, seconded by Council Member
Fellows, and on the following roll call vote, to wit:
AYES: Council Members Costello, Fellows, Guthrie, Arnold, and Mayor Ferrara
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted this 9~' day of June 2009.
RESOLUTION NO. HISS
PAGE 2
TONY R AYOR
ATTcE,S~T:
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KELLY T RE, CITY CLERK
APPROVED AS TO CONTENT:
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ST E ADAMS, CITY MANAGER
APPROVED AS TO FORM:
T OTHY RMEL, ITY ATTORNEY
Exhibit A
CITY OF ARROYO GRANDE
CALCULATION OF APPROPRIATION LIMIT FROM TAX PROCEEDS
FOR FISCAL YEAR 2009-10
Appropriation limit for 2008-09 $ 16,680,755
Multiplied by the appropriation limit change factors:
Per Capita Personal Income Change: 0.62%
Conversion to ratio: .62% + 100
= 1.0062
100
Population Change:
2008 17,036
2009 17,080 0.2576%
Change 44
Conversion to ratio: 44 .2576+100 1.00258
17,080 100
APPROPRIATION LIMIT FOR FISCAL YEAR 2009-10 $ 16,827,412
ESTIMATED 2009-10 PROCEEDS OF TAXES SUBJECT TO
APPROPRIATION LIMIT $ 11,087,124
OFFICIAL CERTIFICATION
I, KELLY WETMORE, City Clerk of the City of Arroyo Grande, County of San Luis.
Obispo, State of California, do hereby certify under penalty of perjury, that the attached
Resolution No. 4188 is a true, full, and correct copy of said Resolution passed and
adopted at a Regular meeting of the City Council of the City of Arroyo Grande on the 9~'
day of June 2009.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 11~' day of
June 2009.
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KELLY W T RE, CITY CLERK