R 4726 RESOLUTION NO. 4726
A RESOLUTION OF THE CITY COUNCIL OF THE CITY
OF ARROYO GRANDE ADOPTING A TAX PROCEEDS
EXPENDITURE APPROPRIATION LIMIT FOR FISCAL
YEAR 2016-17
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 2016-
17.
2. The appropriation limit for Fiscal Year 2016-17 is hereby set at twenty million,
five hundred seventy two thousand, and two hundred sixty three dollars
($20,572,263).
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 Barneich, seconded by Council Member Brown, and on
the following roll call vote, to wit:
AYES: Council Members Barneich, Brown, Guthrie, Harmon, and Mayor Hill
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted this 14th day of June, 2016.
RESOLUTION NO. y n to
PAGE 2
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JI HILL, MAYOR
ATTEST:
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6thitagtc-
KELLY ET . ORE, CITY CLERK
APPROVED AS TO CONTENT:
,
D ANNE TH r ' a - TY MANAGER
AI
APPROVED AS TO FORM:
I-I f THER WHITHAM, CITY ATTORNEY
EXHIBIT A
CITY OF ARROYO GRANDE
CALCULATION OFAPPROPRIATIONLIMIT FROM TAX PROCEEDS
FOR FISCAL YEAR 2016-17
Appropriation limit for 2015-16 $ 19,465,437
Multiplied by the appropriation limit change factors:
Per Capita Personal Income Change: 5.37%
Conversion to ratio: 5.37% + 100
1.0537
100
Population Change:
2015 17,678
2016 17,731 0.30%
Change 53
Conversion to ratio: 53 .30%+ 100 1.00300
17,731 100
APPROPRIATION LIMIT FOR FISCAL YEAR 2015-16 $ 20,572,263
ESTIMATED 2016-17 PROCEEDS OF TAXES SUBJECT TO
APPROPRIATION LIMIT $ 14,445,114
Amount under/(over)limit $ 6,127,149
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. 4726 was passed and adopted at a regular meeting of the City Council
of the City of Arroyo Grande on the 14th day of June, 2016.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 21st day of
June, 2016.
W1/11(41FUL--
KELLY ETM RE, CITY CLERK