R 4521RESOLUTION NO..4521
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARROYO GRANDE ADOPTING A TAX PROCEEDS
EXPENDITURE APPROPRIATION' LIMIT FOR FISCAL
YEAR 2013 -14
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 adopted 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 2013-
14.
2. The appropriation limit for Fiscal Year 2013 -14 is hereby set at eighteen million,
seven hundred thirty -six thousand, and nine hundred seven dollars
($18,736,907).
3. Documentation used in the determination of the tax proceeds expenditure
appropriation_ limit is attached hereto as Exhibit A and incorporated herein by this
reference.
4. This Resolution. is effective on its date of adoption.
On motion .of .Council Member Guthrie, seconded by Council Member Brown, and on
the following roll call vote, to wit:
AYES: Council Members Guthrie, Brown, Ray, Costello, and Mayor Ferrara
NOES:, None
ABSENT: None
the foregoing Resolution was passed and adopted this 11th day of June 2013.
RESOLUTION NO. g5Z1
PAGE 2
law-
TONY FPP
OA, MAYOR
ATTEST:
KELLY. ET E, CITY CLERK
APPROVED AS TO CONTENT:
STEVEN ADAMS, CITY MANAGER
APPROVED AS TO FORM:
TI THY J. , ITY ATTORNEY
CITY., OF ARROYO GRANDE
CALCULATION OF APPROPRIATION LIMIT FROM TAX PROCEEDS
FOR'FISCAL YEAR 2013 -14
Appropriation limit for 2012 -13
Multiplied by the appropriation limit change factors:
Per Capita Personal Income Change:
Conversion to ratio:
Population Change:
5.12%
2012
17,292
2013
17,395
Change
103
Conversion to ratio:
103
17,395
APPROPRIATION LIMIT FOR FISCAL YEAR 2013 -14
5.12% +100
100
0.6%
.60+100
100
Exhibit A
$ 17,717,995
1.0512
1.00600
$ 18,736,907
ESTIMATED 2013 -14 PROCEEDS OF TAXES SUBJECT TO
APPROPRIATION LIMIT $ 12,213,612
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. 4521 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
-11th day of June, 2013.
WITNESS my hand and the Seal of the City of Arroyo Grande- affixed this 12th day of
June 2013.
qv�l
KELLY MIORE, CITY CLERK
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