R 4278 RESOLUTION NO. 4278
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARROYO GRANDE ADOPTING A TAX PROCEEDS
EXPENDITURE APPROPRIATION LIMIT FOR FISCAL YEAR
2010 -11
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 2010 -11.
2. The appropriation limit for Fiscal Year 2010 -11 is hereby set at Sixteen million, four
hundred and sixty -two thousand, and one hundred and sixty-eight dollars
($16,462,168).
3. Documentation used in determination of the 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, and Mayor Ferrara
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted this 25 day of May 2010.
RESOLUTION NO. 4/278
PAGE 2
TONY FERRA AYOR
ATTEST: /
KELLY ' ET. • RE, CITY CLERK
APPROVED AS TO CONTENT:
STEVEN ADAMS, CITY MANAGER
APPROVED AS TO FORM:
TI OTHY J.CATra, CITY ATTORNEY
Exhibit A
CITY OF ARROYO GRANDE
CALCULATION OF APPROPRIATION LIMIT FROM TAX PROCEEDS
FOR FISCAL YEAR 2010 -I I
Appropriation limit for 2009 -10 $ 16,827,412
Multiplied by the appropriation limit change factors:
Per Capita Personal Income Change: -2.54%
Conversion to ratio: -234% + 100
0.9746
100
Population Change:
2009 17,080
2010 17,145 0.3791%
Change 65
Conversion to ratio: 65 .3791 +100 1.00379
17,145 100
APPROPRIATION LIMIT FOR FISCAL YEAR 2010 -11 $ 16,462,168
ESTIMATED 2010 -11 PROCEEDS OF TAXES SUBJECT TO
APPROPRIATION LIMIT $ 11,087,073
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. 4278 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
25"' day of May 2010.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 1 day of
June 2010.
LU,4taor.e_
KELLY WE MOFj , CITY CLERK