R 4993 RESOLUTION NO. 4993
A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF
ARROYO GRANDE ADOPTING A TAX PROCEEDS
EXPENDITURE APPROPRIATION LIMIT FOR FISCAL
YEAR 2020-21
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 Arroyo Grande, California
are recognized as the annual adjustment factors for Fiscal Year 2020-21.
2. The appropriation limit for Fiscal Year 2020-21 is hereby set at twenty three million,
nine hundred ninety eight thousand, four hundred six dollars ($23,998,406).
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 Storton, and by
the following roll call vote, to wit:
AYES: Council Members Barneich, Storton, Paulding, George, and Mayor Ray Russom
NOES: None
ABSENT: None
the foregoing Resolution was passed and adopted this 9th day of June, 2020.
RESOLUTION NO. 4993
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CAREN RAYi).SOM, MAYOR
ATTEST:
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KELLY TMd'E, CITY CLERK
APPROVED AS TO CONTENT:
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BILL ROBESON,ACTING CITY MANAGER
APPROV S TO FORM:
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TIMOTHY J. CARMEL, CITY ATTORNEY
EXHIBIT A
CITY OF ARROYO GRANDE
CALCULATION OF APPROPRIATION LIMIT FROM TAX PROCEEDS
FOR FISCAL YEAR 2020-21
Appropriation limit for 2019-20 23,029,973 (A)
Multiplied by the appropriation limit change factors:
Per Capital Personal Income Change: 3.00%
Conversion to ratio: 3.00% +100 = 1.03 (B) 1.03
100
Population Change:
2019 17,876
2020 18,087 1.17%
211
Conversion to ratio: 211 = 1.17% +100 = 1.01170 (C) 1.01170
18,087 100
Appropriation limit factor: (B x C) 1.0421 (D)
APPROPRIATION LIMIT FOR FISCAL YEAR 2020-21 (Ax D) $ 23,998,406
ESTIMATED 2020-21 PROCEEDS OF TAXES SUBJECT $ 17,003,950
TO APPROPRIATION LIMIT
Amount under (over) limit 6,994,456
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. 4993 was passed and adopted at a regular meeting of the City Council
of the City of Arroyo Grande on the 9th day of June, 2020.
WITNESS my hand and the Seal of the City of Arroyo Grande affixed this 10th day of
June, 2020.
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KELLY ET ORE, CITY CLERK